
Cheap New Apartments for Rent in Richmond, VA from $566 (83 Rentals) Page 2 of 2
Search the lowest-cost Apartments available for rent right now in Richmond.


The Rosa

501-503 E Main St

Winchester Forest

NOON Hioaks

The Jackson on Broad

1 West Cary

Victory Apartments
First Apartment Regrets: Real Renters Share What They'd Do Differently
Your first apartment comes with a learning curve nobody warns you about. Hear from real renters who've been there and get the advice they wish someone had given them on day one.

Market Villas

The Parkwood

Urbana at Hioaks

1901-1915 Whitcomb

27th Townhomes

Shockoe Creek Apartments

Plant 1 Apartments

The Overlook at City View
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

3308 E Marshall Street

The Mill at Manchester Lofts

Green Park Apartments

310 W 31st

Osprey Lofts

Century Flats

CT Russell Apartments

18th Street Lofts
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

The Flats at Canal Crossing

The Villas at Midview

The Box

The Riviera on Semmes

805W Lofts

Total Monthly Price
Watermark Gardens

Total Monthly Price
Element At Stonebridge

Lambert Landing I
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

Boulders Lakeview Apartments
Richmond, VA Local Guide

How much does it cost to rent an apartment in Richmond?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Richmond Studio Apartments | $1,475 | $715 | $2,741 |
| Richmond 1 Bedroom Apartments | $1,626 | $566 | $8,677 |
| Richmond 2 Bedroom Apartments | $1,936 | $835 | $10,000+ |
| Richmond 3 Bedroom Apartments | $2,187 | $825 | $4,554 |
| Richmond 4 Bedroom Apartments | $1,456 | $690 | $5,849 |
Browse Top Apartments in Richmond
See all Apartments in RichmondExplore Richmond
Richmond, VA Area Reviews
Robin
February 25, 2025All 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 $895.
What is the price of a cheap apartment in Richmond?
The cheapest apartment in Richmond is 11 E Broad St which is listed at $749, while the average apartment in Richmond costs $1,659.
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 16,409 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 $506 which is $1,153 cheaper than the average rent for all rentals in Richmond.
Expert Rental Resources
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.
Helpful Local Expert Guides

Your Richmond Neighborhood Guide: Living Near the City's Top Employers
Written by: Richard Corrigan
Richmond is a beautiful place to live and work. The city has something for everyone—historic charm, trendy shops and boutiques, world-class restaurants and amazing urban parks and green spaces.

Explore The River City Like a Local: The Insider's Guide to Renting in Richmond, VA
Written by: Richard Corrigan
Welcome to Richmond! For those unfamiliar, it’s Virginia’s state capitol, a city with a long and rich history, and—some might say—Virginia’s biggest small town. There’s a lot to love about living here.

Your Guide to Picking the Perfect Richmond Neighborhood for Student Renters
Written by: Richard Corrigan
Richmond isn't always thought of as a college town, but there are actually several major colleges and universities here. One thing Richmond does get credit for—and rightfully so—is being a very neighborhood-friendly city.

A Local Expert's 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.
Articles, How-To's, and Tips

How Commercial-to-Residential Property Conversions Help the Housing Crisis
Written by: Robin Stewart
Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.