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Cheap New Apartments for Rent in Richmond, VA from $500 (120 Rentals) Page 3 of 3
Search the lowest-cost Apartments available for rent right now in Richmond.
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Rent Specials
$566 - $1,800Built in 20251 to 3 Bedroom Apartments Available Now
Liberty Gardens
8075 Route 1North Chesterfield, VA 23237
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$1,337Built in 20232 Bedroom Apartments Contact Us For Availability
Watermark Gardens
6050 Hendry AveNorth Chesterfield, VA 23234
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$1,370 - $2,845Built in 20221 to 3 Bedroom Apartments Available Now
The Rise at Regency
1321 Farrells West AveHenrico, VA 23229
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$1,439 - $3,237Built in 20211 to 2 Bedroom Apartments Available Now
Artistry at Winterfield Apartments
1000 Artistry DrMidlothian, VA 23113
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$1,455 - $2,305Built in 20211 to 3 Bedroom Apartments Available Jan 21, 2026
Austin Woods
6401 Scots Pine RunNorth Chesterfield, VA 23234
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Rent Specials
$1,470 - $2,070Built in 20161 to 2 Bedroom Apartments Available Now
Element At Stonebridge
301 Karl Linn DrNorth Chesterfield, VA 23225
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 | $1,386 | $715 | $4,287 |
| Richmond 1 Bedroom Apartments | $1,614 | $566 | $10,000+ |
| Richmond 2 Bedroom Apartments | $1,845 | $775 | $5,408 |
| Richmond 3 Bedroom Apartments | $2,204 | $739 | $5,150 |
| Richmond 4 Bedroom Apartments | $1,594 | $649 | $6,090 |
Explore Richmond
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Do you know the Richmond area?
If you’re an expert on all things Richmond, tell us what you love (and don't) by rating it and writing a review.
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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
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Richmond, VA Area Reviews
Do you know the Richmond area?
Let everyone know!
Write a ReviewRobin
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 $922.
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 $2,747.
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 18,213 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 $578 which is $2,169 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.
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.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!