New Apartments for Rent in Richmond, VA Under $1,200 (35 Rentals)

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The Art of the Rental Viewing: What to look for during a property tour

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.

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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Port RVA
Built in 2015Studio to 1 Bedroom Apartments

Port RVA

500 Hull StRichmond, VA 23224
  • Utilities Included
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The Edge Apartments
Built in 20171 to 2 Bedroom Apartments

The Edge Apartments

1914 E Franklin StRichmond, VA 23223
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The Parkwood
Built in 2018Studio to 2 Bedroom Apartments

The Parkwood

3003 Parkwood AveRichmond, VA 23221
  • Utilities Included

Richmond’s Best Affordable Neighborhoods

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

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408-410 Dobson St
Built in 20152 Bedroom Apartments

408-410 Dobson St

408-410 Dobson StRichmond, VA 23220
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1 West Cary
Built in 20181 Bedroom Apartments

1 West Cary

106 S Foushee StRichmond, VA 23220
  • Utilities Included
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501-503 E Main St
Built in 20171 Bedroom Apartments

501-503 E Main St

501-503 E Main StRichmond, VA 23219
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The Rosa
Built in 20201 Bedroom Apartments

The Rosa

744 N 2nd StRichmond, VA 23219
Senior Living

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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The Planet Apartments
Built in 20231 to 3 Bedroom Apartments

The Planet Apartments

14 W Jackson StRichmond, VA 23220
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Richmond, VA Local Guide

Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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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

  • Cost of Living

Robin

February 25, 2025

All my life

Frequently Asked Questions about New Richmond Apartments

What is the Cheapest New apartment in Richmond?

Currently the most affordable New Apartment in Richmond is at Belle Summit listed at $856.

How much is the average rent for a New Richmond Apartment?

The average rent for a New Apartment in Richmond is $1,994.

What is the largest New Richmond Apartment for rent?

Today's New apartment with the most square footage in Richmond is a 3,308 square feet unit starting from $1,339 at 8th and Main.

What is the average size for Richmond New Apartments for rent?

The average size for a New rental in Richmond is currently at 631 sq ft.

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.

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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.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.