Cheap Apartments for Rent in the Belle and Mayo Islands Neighborhood of Richmond, VA from $500 (169 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Belle and Mayo Islands area of Richmond.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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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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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 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

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Belle and Mayo Islands, Richmond, VA Local Guide

Cheapest Available Belle and Mayo Islands Apartments for Rent

 

The cheapest available apartment rental in the Belle and Mayo Islands area of Richmond, VA is a Studio unit found at Towers on Franklin priced from $900. The Masonry Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $925. Here are the most affordable Belle and Mayo Islands apartments for rent in Richmond, VA:

Apartment ListingModel NameBed/BathPriced From
Towers on FranklinGoldStudio,1BA$900
The Masonry ApartmentsMasonry TS-S1Studio,1BA$925
Van de VyverThe ReserveStudio,1BA$998
New Manchester FlatsThe Decatur1BR,1BA$999
Hopper LoftsA21BR,1BA$999
Eagle Mill Lofts1 bed 1bth1BR,1BA$1,000
Jefferson Townhouses1X11BR,1BA$1,000
Belle SummitRainer2BR,2BA$1,020

Best Value Apartments for Rent in Belle and Mayo Islands, VA

As of December 09, 2025 the best value apartment in the Belle and Mayo Islands area is the $0.54 price per square foot 4x2 - Priced Per Bedroom Model at Marshall Park in the in the Downtown Richmond neighborhood starting from $800. The second greatest value Belle and Mayo Islands apartment is the 2106 Parkwood Ave Model at 2106 Parkwood Ave, Unit 1 starting at $1,795 with a $1.33 price per square foot in the Near West neighborhood. Here is today’s list of the best values for Belle and Mayo Islands apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Marshall Park4x2 - Priced Per Bedroom4BR,2BA$0.54
2106 Parkwood Ave, Unit 12106 Parkwood Ave2BR,2BA$1.33
Lofts and Upper Lofts at Canal Walk - Canal I and Canal IICanal 236 2 BedsStudio ,1BA$1.25
209 E Main StUnit 208A2BR,1BA$1.36
Hatcher Tobacco Flats3X23BR,2BA$1.23
27th Townhomes2 Bedroom 1 Bath - 258132BR,1BA$1.16
Marshall Street Apartments1BR/1.0BA1BR,1BA$1.25
City View Place2 Bedroom Unit2BR,1.5BA$1.18
Belle SummitRainer2BR,2BA$1.21
1527 Mechanicsville Tpke, Unit 11527 Mechanicsville Tpke1BR,1BA$1.17

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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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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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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Pet Friendly Lifestyle
Belle And Mayo Islands, Richmond, VA

Ranked #13

Among cities in Virginia for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Belle And Mayo Islands, Richmond, VA

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving brings you comprehensive Lifestyle Ratings of rentals in cities across the United States, including Richmond. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including filtering automatically for proximity to parks, luxury housing options, transit availability, pet-friendly communities, multifamily communities for the kids, and more. These search options are in the site filters at the top of this page.

Getting Around the Belle and Mayo Islands Neighborhood in Richmond, VA

Walk Score®

59 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

60 / 100

Bikeable

Some bike infrastructure

Transit Score®

55 / 100

Good Transit

Many 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.

Frequently Asked Questions about Cheap Belle and Mayo Islands Apartments

What is a cheap apartment in Belle and Mayo Islands?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Belle and Mayo Islands is under $1,020.

What is the price of a cheap apartment in Belle and Mayo Islands?

The cheapest apartment in Belle and Mayo Islands is Hopper Lofts which is listed at $999, while the average apartment in Belle and Mayo Islands costs $2,129.

What types of apartments are the cheapest in Belle and Mayo Islands?

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 296 regular apartments in Belle and Mayo Islands 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 Belle and Mayo Islands?

Cheap apartments in Belle and Mayo Islands have an average cost of $575 which is $1,554 cheaper than the average rent for all rentals in Belle and Mayo Islands.

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.

Articles, How-To's, and Tips

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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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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.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate!