
Cheap Apartments for Rent in Richmond, VA from $500 with Washer/Dryer (282 Rentals) Page 2 of 6
Search the lowest-cost Apartments available for rent right now in Richmond.


District Square Apartments

Tuckernuck Trail

Spectrum Apartments

Iron House Apartments

Sundance Station

The Oliver

The Mirage Manchester

Three Chopt West Apartments

404 Rivertowne Apartment Homes
Richmond’s Best Affordable Neighborhoods
Learn about Richmond and the best affordable places to live by our Local Expert Richard Corrigan

The Mill at Manchester Lofts

Cabin Creek Apartments

Urbana at Hioaks

River Lofts at Tobacco Row

The Park at Ridgedale

Smokehouse Lofts

1608 Brookfield St

Acclaim at Carriage Hill

Main2525

Centennial Terrace
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.

Shockoe Valley View

1100 Hull Street Apartments

1710 Lofts

The Edgar at Linden Row

Cross Creek Apartments

Saddlewood Townhomes

Atrium Lofts at Cold Storage

Railyard Flats

403 Stockton St

The Current

The Hub

The Arbors at Hull Street Senior Apartments

First National Apartments

Culpeper Farms

Total Monthly Price
South Falls Tower

Belmont Hills Apartments

American Heritage Apartments

1605 Hickory St

Cookie Factory Lofts

Total Monthly Price
The Trail Lofts

Colonial Apartments

Residences at Richmond Trust

1815 E Franklin St

Park Plaza @ Belvidere

Hermitage Manor

The Lofts at Shiplock Watch

The Gallery Midtown Apartments

T and E Apartments

417 Fritz St

La Villa
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 | $1,437 | $715 | $4,642 |
| Richmond 1 Bedroom Apartments | $1,609 | $671 | $5,634 |
| Richmond 2 Bedroom Apartments | $1,931 | $781 | $5,814 |
| Richmond 3 Bedroom Apartments | $2,167 | $759 | $4,926 |
| Richmond 4 Bedroom Apartments | $1,227 | $689 | $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 $895.
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 $2,437.
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 14,702 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 $480 which is $1,957 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

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.

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.

Explore The River City Like a Local: The Insiders 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.
Articles, How-To's, and Tips

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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.