New Apartments for Rent in Richmond, VA Under $1,500 (106 Rentals)

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Penstock Quarter Apartments
Rent Specials
$1,477 - $2,607
Total Monthly Price

Total Monthly Price

Base Rent
$1,444 - $2,574
Required Monthly Fees
Varies
Total Monthly Price
Varies
Built in 2018Studio to 3 Bedroom Apartments Available Now

Penstock Quarter Apartments

5001 Libbie Mill East BlvdRichmond, VA 23230
Corporate Housing
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Shiplock Views
Rent Specials
$1,476 - $2,336
Total Monthly Price

Total Monthly Price

Base Rent
$1,385 - $2,245
Required Monthly Fees
Varies
Total Monthly Price
Varies
Built in 20211 to 2 Bedroom Apartments Available Now

Shiplock Views

2801 E Main StRichmond, VA 23223
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Circ Apartments
$1,459 - $4,036
Total Monthly Price

Total Monthly Price

Base Rent
$1,459 - $4,036
Total Monthly Price
$1,459 - $4,036
Built in 20201 to 2 Bedroom Apartments Available Now

Circ Apartments

1137 W Grace StRichmond, VA 23220
Transit Friendly
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Marcella at Gateway
$1,454 - $1,904
Total Monthly Price

Total Monthly Price

Base Rent
$1,399 - $1,849
Required Monthly Fees
Varies
Total Monthly Price
Varies
Built in 20231 to 2 Bedroom Apartments Available Now

Marcella at Gateway

542 Gateway Centre PkyRichmond, VA 23235
Family Friendly
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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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1619 N 28th St
$1,450 - $2,400
Total Monthly Price1 Month Lease Term

Total Monthly Price

Base Rent
$1,450 - $2,400
Total Monthly Price
$1,450 - $2,400
Built in 20241 Bedroom Apartments Available Now

1619 N 28th St

1619 N 28th StRichmond, VA 23223
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Model Tobacco Lofts
$1,445 - $2,645
Total Monthly Price

Total Monthly Price

Base Rent
$1,370 - $2,570
Required Monthly Fees
$75
Total Monthly Price
$1,445 - $2,645
Built in 2022Studio to 3 Bedroom Apartments Available Now

Model Tobacco Lofts

1100 Richmond HwyRichmond, VA 23224
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The Carousel
Rent Specials
$1,442 - $2,804
Total Monthly Price

Total Monthly Price

Base Rent
$1,442 - $2,804
Total Monthly Price
$1,442 - $2,804
Built in 2025Studio to 2 Bedroom Apartments Available Now

The Carousel

2400 Grayland AveRichmond, VA 23220
Family Friendly
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  • Low Income
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One Canal Apartments
$1,431 - $2,071
Total Monthly Price

Total Monthly Price

Base Rent
$1,425 - $2,065
Required Monthly Fees
Varies
Total Monthly Price
Varies
Built in 20221 to 2 Bedroom Apartments Available Now

One Canal Apartments

108 S 1st StRichmond, VA 23219
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Hydro
Rent Specials
$1,410 - $3,246
Total Monthly Price

Total Monthly Price

Base Rent
$1,410 - $3,246
Total Monthly Price
$1,410 - $3,246
Built in 2022Studio to 2 Bedroom Apartments Available Now

Hydro

101 Manchester RdRichmond, VA 23224
Active Lifestyle
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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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The Navigator
Rent Specials
$1,396 - $2,414
Total Monthly Price

Total Monthly Price

Base Rent
$1,325 - $2,343
Required Monthly Fees
Varies
Total Monthly Price
Varies
Built in 2024Studio to 2 Bedroom Apartments Available Now

The Navigator

103 E 2nd StRichmond, VA 23224
Luxury
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The Cooperage
Rent Specials
$1,326 - $4,000
Total Monthly Price

Total Monthly Price

Base Rent
$1,326 - $4,000
Total Monthly Price
$1,326 - $4,000
Built in 20171 to 2 Bedroom Apartments Available Now

The Cooperage

1650 Overbrook RdRichmond, VA 23220
Corporate Housing
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  • Utilities Included

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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Deco at CNB
Rent Specials
$1,310 - $1,939
Total Monthly Price

Total Monthly Price

Base Rent
$1,304 - $1,933
Required Monthly Fees
Varies
Total Monthly Price
Varies
Built in 2016Studio to 2 Bedroom Apartments Available Now

Deco at CNB

219 E Broad StRichmond, VA 23219
Student Housing
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South Falls Tower
Rent Specials
$1,278 - $4,172
Total Monthly Price

Total Monthly Price

Base Rent
$1,278 - $4,172
Total Monthly Price
$1,278 - $4,172
Built in 2021Studio to 2 Bedroom Apartments Available Now

South Falls Tower

111 Hull StRichmond, VA 23224
Luxury
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Helios
$1,277
Plus Fees12 Month Lease Term
Built in 20251 Bedroom Apartments Contact Us For Availability

Helios

5661 Chamberlayne RdRichmond, VA 23227
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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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The Mill at Manchester Lofts
$1,185 - $1,635
Total Monthly Price

Total Monthly Price

Base Rent
$1,180 - $1,630
Required Monthly Fees
$5
Total Monthly Price
$1,185 - $1,635
Built in 20251 to 2 Bedroom Apartments Available Now

The Mill at Manchester Lofts

815 Perry StRichmond, VA 23224
Outdoors
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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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Richmond, VA Local Guide

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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

Explore Richmond, VA Rentals by Map

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Robin

February 25, 2025

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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 Ascend Richmond listed at $925.

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

The average rent for a New Apartment in Richmond is $2,075.

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 $2,995 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 613 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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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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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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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

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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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.

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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.