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.

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The Hudson
Rent Specials
$215 - $1,795
Total Monthly Price

Total Monthly Price

Base Rent
$130 - $1,710
Required Monthly Fees
$85

Total Monthly Price
$215 - $1,795
1 to 3 Bedroom Apartments Available Now

The Hudson

700 Stockton StRichmond, VA 23224
Corporate Housing
  • Verified
  • Customer Reviewed
  • Utilities Included
property at 1017 W Leigh St

$995

Total Monthly Price

Total Monthly Price

Base Rent
$995

Total Monthly Price
$995

1 Bedroom, 1 Bath Home for Rent

Available Now

1017 W Leigh St

RichmondVA23220
property at 1019 W Leigh St

$995

Total Monthly Price

Total Monthly Price

Base Rent
$995

Total Monthly Price
$995

1 Bedroom, 1 Bath Home for Rent

Available Now

1019 W Leigh St

RichmondVA23220

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

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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The Masonry Apartments
Rent Specials
$1,016 - $2,090
Total Monthly Price

Total Monthly Price

Base Rent
$925 - $1,999
Required Monthly Fees
Varies

Total Monthly Price
Varies
Studio to 3 Bedroom Apartments Available Now

The Masonry Apartments

2001 E Franklin StRichmond, VA 23223
Student Housing
  • Verified
  • Customer Reviewed
  • Low Income
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Towers on Franklin
Rent Specials
$1,035 - $2,199
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$900 - $2,064
Required Monthly Fees
$135

Total Monthly Price
$1,035 - $2,199
Studio to 2 Bedroom Apartments Available Now

Towers on Franklin

104 W Franklin StRichmond, VA 23220
Student Housing
  • Verified
  • Customer Reviewed
  • 3D Tour
property at 927 N 20th St

$1,050

Total Monthly Price

Total Monthly Price

Base Rent
$1,050

Total Monthly Price
$1,050

1 Bedroom, 1 Bath Home for Rent

Available Now

927 N 20th St

RichmondVA23223

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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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Coliseum Lofts
Rent Specials
$1,104 - $2,881
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,092 - $2,869
Required Monthly Fees
$12

Total Monthly Price
$1,104 - $2,881
Studio to 3 Bedroom Apartments Available Now

Coliseum Lofts

1335-1387 W Broad StRichmond, VA 23220
Student Housing
  • Verified
  • Customer Reviewed
  • Utilities Included
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2000 Riverside Apartments
Rent Specials
$1,130 - $1,746
Total Monthly Price

Total Monthly Price

Base Rent
$1,130 - $1,746

Total Monthly Price
$1,130 - $1,746
Studio to 2 Bedroom Apartments Available Now

2000 Riverside Apartments

2000 Riverside DrRichmond, VA 23225
Family Friendly
  • Verified
  • Customer Reviewed
  • Utilities Included

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.

property at 1209 Wallace St

$1,150

Total Monthly Price

Total Monthly Price

Base Rent
$1,150

Total Monthly Price
$1,150

1 To 3 Bedroom Rentals

Available Now

1209 Wallace St

RichmondVA23220

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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 1 Bed unit found at The Hudson priced from $215. Hatcher Tobacco Flats has the second lowest priced unit, which is a 1 Bed apartment currently listed from $720. Here are the most affordable Belle and Mayo Islands apartments for rent in Richmond, VA:

Apartment ListingModel NameBed/BathPriced From
The HudsonThe Perry1BR,1BA$215
Hatcher Tobacco Flats1X11BR,1BA$720
Manchester Grand Apartments1 Bedroom, 1 Bathroom1BR,1BA$770
New Manchester FlatsThe Everett3BR,2BA$950
Eagle Mill Lofts2bed 1bth2BR,1BA$950
Van de VyverThe ReserveStudio,1BA$998
Dill BuildingDill-A11BR,1BA$1,012
Belle SummitRainer2BR,2BA$1,020
Market Villas1 Bedroom 1 Bath - 412871BR,1BA$1,021

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

As of May 01, 2026 the best value apartment in the Belle and Mayo Islands area is the $0.51 price per square foot 4x2 - Priced Per Bedroom Model at Marshall Park in the in the Downtown Richmond neighborhood starting from $750. The second greatest value Belle and Mayo Islands apartment is the The Stockton Model at The Hudson starting at $1,503 with a $1.14 price per square foot in the Old South 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$0.51
The HudsonThe Stockton2BR,1BA$1.14
Lofts and Upper Lofts at Canal Walk - Canal I and Canal IICanal 236 1 Bed1BR,1BA$0.96
Trolley Lofts2 Bedroom / 2 Bath - 700sqft2BR,2BA$1.18
The Gardens at ManchesterTwo Bedroom Two Bath Large Premier2BR,2BA$1.23
27th Townhomes2 Bedroom 1 Bath - 469732BR,1BA$1.26
Hatcher Tobacco Flats2X22BR,2BA$1.17
Tobacco LandingTwo Bedroom2BR,2BA$1.14
Belle SummitRainer2BR,2BA$1.21
1527 Mechanicsville Tpke1527 Mechanicsville Tpke1BR,1BA$1.25

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Pet Friendly Lifestyle
Belle And Mayo Islands, Richmond, VA

Ranked #11

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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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.

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 $1,021.

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

The cheapest apartment in Belle and Mayo Islands is The Hudson which is listed at $215, while the average apartment in Belle and Mayo Islands costs $2,320.

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 235 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 $535 which is $1,785 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.

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

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