
Cheap New Apartments for Rent in Richmond, VA from $500 (119 Rentals) Page 2 of 3
Search the lowest-cost Apartments available for rent right now in Richmond.


Artisan Hill

The Gallery Midtown Apartments

The Cooperage

Scott's View

Mutual on Main Apartments

18th Street Lofts

1 Scott's Addition

Railyard Flats

Penstock Quarter Apartments
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.

One Canal Apartments

LOFTY APARTMENTS

4600 Chipoax Ave, Unit 4600 Chipoax Ave

The Overlook at City View

James River at Stony Point

2000 West Creek Apartments

1901-1915 Whitcomb

Circ Apartments

Bexley West Creek

Main2525

The Ace

Cooper Lofts Apartments

The Alder on Dabney

Highland Terrace Apartments

East End Theater 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 | $1,379 | $715 | $4,266 |
| Richmond 1 Bedroom Apartments | $1,605 | $671 | $3,813 |
| Richmond 2 Bedroom Apartments | $1,854 | $775 | $5,408 |
| Richmond 3 Bedroom Apartments | $2,203 | $739 | $5,150 |
| Richmond 4 Bedroom Apartments | $1,580 | $649 | $5,994 |
Explore 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 $940.
What is the price of a cheap apartment in Richmond?
The cheapest apartment in Richmond is Market Square which is listed at $671, while the average apartment in Richmond costs $2,761.
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 16,052 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 $576 which is $2,185 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.
Articles, How-To's, and Tips

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.

How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips
Written by: Justin Habersaat
Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.
























