Search the lowest-cost Apartments available for rent right now in Richmond.
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Richmond Studio Apartments | $1,501 | $715 | $2,791 |
| Cheap Richmond 1 Bedroom Apartments | $1,631 | $566 | $8,530 |
| Cheap Richmond 2 Bedroom Apartments | $1,931 | $582 | $10,000+ |
| Cheap Richmond 3 Bedroom Apartments | $2,190 | $819 | $10,000+ |
| Cheap Richmond 4 Bedroom Apartments | $1,805 | $729 | $5,659 |
If you’re an expert on all things Richmond, tell us what you love (and don't) by rating it and writing a review.
Write a ReviewLet everyone know!
Write a ReviewAll my life
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Richmond is under $933.
The cheapest apartment in Richmond is 11 E Broad St which is listed at $749, while the average apartment in Richmond costs $1,668.
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.
Cheap apartments in Richmond have an average cost of $484 which is $1,184 cheaper than the average rent for all rentals in Richmond.
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.
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.
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.
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.
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.
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.
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.
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.
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.
We'll check your Richmond review to ensure it meets our Review Guidelines.
Thank you!
