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

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Main2525
Rent Specials
$1,195 - $1,895
Plus Fees
Built in 2020Studio to 1 Bedroom Apartments Available Now

Main2525

2525 E Main StRichmond, VA 23223
Affordability
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  • Customer Reviewed
  • Utilities Included
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700 West 44
$1,151 - $1,602
Total Monthly Price

Total Monthly Price

Base Rent
$1,146 - $1,597
Required Monthly Fees
$5

Total Monthly Price
$1,151 - $1,602
Built in 20261 to 3 Bedroom Apartments Contact Us For Availability

700 West 44

4500 Bassett AveRichmond, VA 23225
Affordability
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  • Low Income

The Richmond Renter's Guide to Living Near Work

Get the inside scoop on Richmond's most livable neighborhoods and find the perfect apartment close to where you work. Our local expert breaks it all down by the city's top employers like VCU Health and Costar.

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Van de Vyver
Rent Specials
$998 - $1,342
Plus Fees12 Month Lease Term
Built in 2019Studio to 2 Bedroom Apartments Available Now

Van de Vyver

713 N 1st StRichmond, VA 23219
Family Friendly
  • Verified
  • Customer Reviewed
  • Utilities Included

First Apartment Regrets: Real Renters Share What They'd Do Differently

Your first apartment comes with a learning curve nobody warns you about. Hear from real renters who've been there and get the advice they wish someone had given them on day one.

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Shockoe Creek Apartments
Built in 2019Studio to 3 Bedroom Apartments

Shockoe Creek Apartments

1407-1411 E Cary StRichmond, VA 23219
  • Utilities Included
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Urbana at Hioaks
Built in 20231 to 3 Bedroom Apartments

Urbana at Hioaks

161 Hioaks RdRichmond, VA 23225
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1901-1915 Whitcomb
Built in 20252 Bedroom Apartments

1901-1915 Whitcomb

1901 Whitcomb StRichmond, VA 23223
  • Utilities Included
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The Parkwood
Built in 2018Studio to 2 Bedroom Apartments

The Parkwood

3003 Parkwood AveRichmond, VA 23221
Student Housing
  • Utilities Included
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Market Villas
Built in 2025Studio to 3 Bedroom Apartments

Market Villas

15 N 18th StRichmond, VA 23223
  • Utilities Included
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Victory Apartments
Built in 20221 to 2 Bedroom Apartments

Victory Apartments

407 S Cherry StRichmond, VA 23220

Explore The River City Like a Local: The Insider's Guide to Renting in Richmond, VA

Thinking of moving to Richmond, VA? Learn why "The River City" is a perfect blend of big-city amenities and small-town charm, offering a low cost of living, minimal traffic, and a rich cultural scene.

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1 West Cary
Built in 20181 to 2 Bedroom Apartments

1 West Cary

106 S Foushee StRichmond, VA 23220
  • Utilities Included
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The Jackson on Broad
Built in 2025Studio to 2 Bedroom Apartments

The Jackson on Broad

20-22 E Broad StRichmond, VA 23219
  • Utilities Included
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NOON Hioaks
Built in 20241 to 3 Bedroom Apartments

NOON Hioaks

475 Hioaks RdRichmond, VA 23225
  • Utilities Included
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Winchester Forest
Built in 20241 to 3 Bedroom Apartments

Winchester Forest

7310 Winchester Frst BlvdRichmond, VA 23237
  • 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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Ascend Richmond
Built in 2022Studio to 4 Bedroom Apartments

Ascend Richmond

1600 W Broad StRichmond, VA 23220
Student Housing
  • Utilities Included
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The Rosa
Built in 20201 Bedroom Apartments

The Rosa

744 N 2nd StRichmond, VA 23219
Senior Living

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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The Planet Apartments
Built in 20231 to 3 Bedroom Apartments

The Planet Apartments

14 W Jackson StRichmond, VA 23220
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Lambert Landing I
Built in 20252 to 3 Bedroom Apartments

Lambert Landing I

11412 Elokomin AveChester, VA 23831

Richmond, VA Local Guide

The Ultimate Renter's Guide for Finding the Perfect Student Friendly Richmond Neighborhood to Rent

Learn about the best neighborhoods for student renters near Richmond Colleges and Universities by our Local Expert Richard Corrigan

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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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 Liberty Gardens listed at $566.

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

The average rent for a New Apartment in Richmond is $2,168.

What is the largest New Richmond Apartment for rent?

Today's New apartment with the most square footage in Richmond is a 2,759 square feet unit starting from $2,986 at The Westbrook Townhomes at Brewers Row.

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

The average size for a New rental in Richmond is currently at 633 sq ft.

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

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Your Richmond Neighborhood Guide: Living Near the City's Top Employers

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.

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Explore The River City Like a Local: The Insider's 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.

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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.

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A Local Expert's 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.

Articles, How-To's, and Tips

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First Apartment Regrets: Real Renters Share What They'd Do Differently

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.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

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.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

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.

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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.