Top Rated Cheap Apartments for Rent in Richmond, VA from $500 (104 Rentals) Page 2 of 3

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Top Rated Apartments in Richmond.

Cheap Apartments in Richmond.

Richmond’s Best Affordable Neighborhoods

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

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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Market Slip
1 to 2 Bedroom Apartments

Market Slip

2 S 17th StRichmond, VA 23219
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1200 SEMMES Apartments
Studio to 2 Bedroom Apartments

1200 SEMMES Apartments

1200 Semmes AveRichmond, VA 23224
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1820 E Broad St
1 to 3 Bedroom Apartments

1820 E Broad St

1820 E Broad StRichmond, VA 23223
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The Faison Residence
1 to 3 Bedroom Apartments

The Faison Residence

5322 Markel RdRichmond, VA 23230
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Terrace at the Masonry
1 to 3 Bedroom Apartments

Terrace at the Masonry

202 N 20th StRichmond, VA 23223
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Engine at The Masonry
1 to 2 Bedroom Apartments

Engine at The Masonry

2026 E Main StRichmond, VA 23223
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One West Jackson Apartments
Studio to 1 Bedroom Apartments

One West Jackson Apartments

1-27 W Jackson StRichmond, VA 23220
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Market Villas
1 to 2 Bedroom Apartments

Market Villas

15 N 18th StRichmond, VA 23223
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CT Russell Apartments
2 Bedroom Apartments

CT Russell Apartments

700-702 N 2nd StRichmond, VA 23219
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403 Stockton St
1 to 3 Bedroom Apartments

403 Stockton St

403 Stockton StRichmond, VA 23224
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Century Flats
1 to 2 Bedroom Apartments

Century Flats

1004 N Thompson StRichmond, VA 23230
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The Dill Building
1 to 3 Bedroom Apartments

The Dill Building

2020 E Franklin StRichmond, VA 23223
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Argon Apartments
1 to 3 Bedroom Apartments

Argon Apartments

3805 Cutshaw AveRichmond, VA 23230
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The Box
1 to 2 Bedroom Apartments

The Box

501-511 Decatur StRichmond, VA 23224
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Village at West Lake
1 to 3 Bedroom Apartments

Village at West Lake

1500 German School RdRichmond, VA 23225
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18th Street Lofts
1 to 2 Bedroom Apartments

18th Street Lofts

1711 E Main StRichmond, VA 23223
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Centennial Apartments
1 to 2 Bedroom Apartments

Centennial Apartments

523 E Main StRichmond, VA 23219
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Lucky Strike Lofts
1 to 2 Bedroom Apartments

Lucky Strike Lofts

2600 E Cary StRichmond, VA 23223
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The Timbers
1 to 3 Bedroom Apartments

The Timbers

2024 Timbers Hill RdRichmond, VA 23235
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Stockton Lofts
1 Bedroom Apartments

Stockton Lofts

360 Stockton StRichmond, VA 23224
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8th and Main
1 to 4 Bedroom Apartments

8th and Main

800 E Main StRichmond, VA 23219
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The Locks Tower
1 to 2 Bedroom Apartments

The Locks Tower

1001 E Byrd StRichmond, VA 23219
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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

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 Market Square which is listed at $671, while the average apartment in Richmond costs $2,663.

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 22,646 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 $562 which is $2,101 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 Apartment Common Area Rules: What Renters Need to Know article

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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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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.