Cheap New Apartments for Rent in Richmond, VA from $300 (72 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 Parkwood
Built in 2018Studio to 2 Bedroom Apartments

The Parkwood

3003 Parkwood AveRichmond, VA 23221
Student Housing
  • Utilities Included
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1901-1915 Whitcomb
Built in 20252 Bedroom Apartments

1901-1915 Whitcomb

1901 Whitcomb StRichmond, VA 23223
  • Utilities Included
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Urbana at Hioaks
Built in 20231 to 3 Bedroom Apartments

Urbana at Hioaks

161 Hioaks RdRichmond, VA 23225
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Shockoe Creek Apartments
Built in 2019Studio to 3 Bedroom Apartments

Shockoe Creek Apartments

1407-1411 E Cary StRichmond, VA 23219
  • Utilities Included
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Plant 1 Apartments
Built in 20161 to 3 Bedroom Apartments

Plant 1 Apartments

403 Stockton StRichmond, VA 23224
Corporate Housing
  • Utilities Included

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.

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310 W 31st
Built in 20241 to 3 Bedroom Apartments

310 W 31st

310 W 31st StreetRichmond, VA 23225
  • Utilities Included
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Osprey Lofts
Built in 20161 to 3 Bedroom Apartments

Osprey Lofts

3210 W Leigh StRichmond, VA 23230
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Century Flats
Built in 20181 to 2 Bedroom Apartments

Century Flats

1004 N Thompson StRichmond, VA 23230
  • Utilities Included
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CT Russell Apartments
Built in 20252 Bedroom Apartments

CT Russell Apartments

700-702 N 2nd StRichmond, VA 23219
  • Utilities Included
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27th Townhomes
Built in 20252 Bedroom Apartments

27th Townhomes

10 W 27th StRichmond, VA 23225
  • Utilities Included

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.

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18th Street Lofts
Built in 20221 to 2 Bedroom Apartments

18th Street Lofts

1711 E Main StRichmond, VA 23223
Student Housing
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The Villas at Midview
Built in 20181 to 3 Bedroom Apartments

The Villas at Midview

1660 Oak Place BlvdRichmond, VA 23231
Student Housing
  • Utilities Included
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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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Lambert Landing I
Built in 20252 to 3 Bedroom Apartments

Lambert Landing I

11412 Elokomin AveChester, VA 23831
Cost Per Sq.Ft.
  • Low Income

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Boulders Lakeview Apartments
Built in 20221 to 2 Bedroom Apartments

Boulders Lakeview Apartments

1501 Boulder Springs TerNorth Chesterfield, VA 23225
Corporate Housing

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 $933.

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 $1,668.

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 12,120 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 $484 which is $1,184 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

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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.

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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.

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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.

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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

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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.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.