Cheap New Apartments for Rent in Richmond, VA from $400 (87 Rentals) Page 2 of 2

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Search the lowest-cost Apartments available for rent right now in Richmond.

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The Planet Apartments
Built in 20231 to 3 Bedroom Apartments

The Planet Apartments

14 W Jackson StRichmond, VA 23220
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Hatcher Tobacco Flats
Built in 20151 to 3 Bedroom Apartments

Hatcher Tobacco Flats

151 W Commerce RdRichmond, VA 23224
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The Rosa
Built in 20201 Bedroom Apartments

The Rosa

744 N 2nd StRichmond, VA 23219
Senior Living

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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501-503 E Main St
Built in 20171 Bedroom Apartments

501-503 E Main St

501-503 E Main StRichmond, VA 23219
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1 West Cary
Built in 20181 to 2 Bedroom Apartments

1 West Cary

106 S Foushee StRichmond, VA 23220
  • Utilities Included
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408-410 Dobson St
Built in 20152 Bedroom Apartments

408-410 Dobson St

408-410 Dobson StRichmond, VA 23220
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The Parkwood
Built in 2018Studio to 2 Bedroom Apartments

The Parkwood

3003 Parkwood AveRichmond, VA 23221
  • Utilities Included
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Victory Apartments
Built in 20221 to 2 Bedroom Apartments

Victory Apartments

407 S Cherry StRichmond, VA 23220
  • Utilities Included
  • Smoke Free
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Port RVA
Built in 2015Studio to 2 Bedroom Apartments

Port RVA

500 Hull StRichmond, VA 23224
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121 W Broad St
Built in 20251 to 2 Bedroom Apartments

121 W Broad St

123 W Broad StRichmond, VA 23220
  • Utilities Included

Richmond’s Best Affordable Neighborhoods

Learn about Richmond and the best affordable places to live by our Local Expert Richard Corrigan

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NOON Hioaks
Built in 20241 to 3 Bedroom Apartments

NOON Hioaks

475 Hioaks RdRichmond, VA 23225
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10 Walnut Alley
Built in 20221 to 2 Bedroom Apartments

10 Walnut Alley

10 Walnut AlyRichmond, VA 23223
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Osprey Lofts
Built in 20161 to 3 Bedroom Apartments

Osprey Lofts

3210 W Leigh StRichmond, VA 23230
  • Utilities Included
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The Villas at Midview
Built in 20181 to 3 Bedroom Apartments

The Villas at Midview

6416 Oak Front CtRichmond, VA 23231
  • Utilities Included
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The Box
Built in 20231 to 2 Bedroom Apartments

The Box

501-511 Decatur StRichmond, VA 23224
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Hill Standard
Built in 20201 to 2 Bedroom Apartments

Hill Standard

4910-4930 Forest Hill AveRichmond, VA 23225
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310 W 31st
Built in 20241 to 3 Bedroom Apartments

310 W 31st

310 W 31st StreetRichmond, VA 23225
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Century Flats
Built in 20181 to 2 Bedroom Apartments

Century Flats

1004 N Thompson StRichmond, VA 23230
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Plant 1 Apartments
Built in 20161 to 3 Bedroom Apartments

Plant 1 Apartments

403 Stockton StRichmond, VA 23224
  • Utilities Included

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Argon Apartments
Built in 20161 to 3 Bedroom Apartments

Argon Apartments

3805 Cutshaw AveRichmond, VA 23230
  • Utilities Included
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Building A
Built in 2019Studio to 3 Bedroom Apartments

Building A

609 Hull StRichmond, VA 23224
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The Riviera on Semmes
Built in 2020Studio to 4 Bedroom Apartments

The Riviera on Semmes

1412 Semmes AveRichmond, VA 23224
  • Utilities Included
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18th Street Lofts
Built in 20221 to 2 Bedroom Apartments

18th Street Lofts

1711 E Main StRichmond, VA 23223
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Manchester Park
Built in 20251 to 3 Bedroom Apartments

Manchester Park

1300 McDonough StRichmond, VA 23224
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1523 W Cary St
Built in 2024Studio to 1 Bedroom Apartments

1523 W Cary St

1523 W Cary StRichmond, VA 23220

Getting Around Richmond, VA

Walk Score®

59 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

53 / 100

Bikeable

Some bike infrastructure

Transit Score®

26 / 100

Some Transit

A few nearby public transportation options

Richmond, VA Area Reviews

  • Cost of Living

Robin

February 25, 2025

All my life

Frequently Asked Questions about Cheap Richmond Apartments

What is a cheap apartment in Richmond?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Richmond is under $894.

What is the price of a cheap apartment in Richmond?

The cheapest apartment in Richmond is Liberty Gardens which is listed at $500, while the average apartment in Richmond costs $2,617.

What types of apartments are the cheapest in Richmond?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 17,063 regular apartments in Richmond that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Richmond?

Cheap apartments in Richmond have an average cost of $603 which is $2,014 cheaper than the average rent for all rentals in Richmond.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

decorative image for A Local Experts Guide To the Top Budget-Friendly Neighborhoods to Rent in Richmond, VA article

A Local Experts Guide To the Top Budget-Friendly Neighborhoods to Rent in Richmond, VA

Written by: Richard Corrigan

Richmond is rightly considered one of the best places to live on the East Coast. We love Richmond’s rich history, phenomenal culinary scene, unique art and culture, and its next-level parks and green spaces.

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.