Cheap Apartments for Rent in the Chestnut Hill Neighborhood of Richmond, VA from $550 (21 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Chestnut Hill area of Richmond.

property at 2105 Phaup St

$950

Total Monthly Price

Total Monthly Price

Base Rent
$950

Total Monthly Price
$950

2 Bedroom, 1 Bath Home for Rent

Available Now

2105 Phaup St

RichmondVA23223
property at 3119 4th Ave

$1,225

Total Monthly Price

Total Monthly Price

Base Rent
$1,225

Total Monthly Price
$1,225

2 Bedroom, 1 Bath Townhome for Rent

Available Now

3119 4th Ave

RichmondVA23222

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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101 Poe St
2 Bedroom Apartments

101 Poe St

101 Poe StRichmond, VA 23222
  • Utilities Included
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The Rosa
1 Bedroom Apartments

The Rosa

744 N 2nd StRichmond, VA 23219
Senior Living
property at 2100 Phaup St

$995

Total Monthly Price

Total Monthly Price

Base Rent
$995

Total Monthly Price
$995

2 Bedroom, 1 Bath Condo for Rent

Available Now

2100 Phaup St

RichmondVA23223
property at 2110 Phaup St

$995

Total Monthly Price

Total Monthly Price

Base Rent
$995

Total Monthly Price
$995

2 Bedroom, 1 Bath Condo for Rent

Available Now

2110 Phaup St

RichmondVA23223

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

property at 2301 Barton Ave

$1,095

Total Monthly Price

Total Monthly Price

Base Rent
$1,095

Total Monthly Price
$1,095

2 Bedroom, 1 Bath Condo for Rent

Available Sep 11

2301 Barton Ave

RichmondVA23222
property at 2403 5th Ave

$1,100

Total Monthly Price

Total Monthly Price

Base Rent
$1,100

Total Monthly Price
$1,100

2 Bedroom, 1 Bath Townhome for Rent

Available Sep 10

2403 5th Ave

RichmondVA23222
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One West Jackson Apartments
Studio to 1 Bedroom Apartments

One West Jackson Apartments

1-27 W Jackson StRichmond, VA 23220
Student Housing
  • Utilities Included
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1901-1915 Whitcomb
2 Bedroom Apartments

1901-1915 Whitcomb

1901 Whitcomb StRichmond, VA 23223
  • Utilities Included
property at 2603 5th Ave

$1,195

Total Monthly Price

Total Monthly Price

Base Rent
$1,195

Total Monthly Price
$1,195

2 Bedroom, 1 Bath Condo for Rent

Available Now

2603 5th Ave

RichmondVA23222
property at 3209 3rd Ave

$1,245

Total Monthly Price

Total Monthly Price

Base Rent
$1,245

Total Monthly Price
$1,245

2 Bedroom, 1 Bath Condo for Rent

Available Now

3209 3rd Ave

RichmondVA23222

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.

Chestnut Hill, Richmond, VA Local Guide

Cheapest Available Chestnut Hill Apartments for Rent

 

The cheapest available apartment rental in the Chestnut Hill area of Richmond, VA is a Studio unit found at Van de Vyver priced from $998. Townsend Square has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,080. Here are the most affordable Chestnut Hill apartments for rent in Richmond, VA:

Apartment ListingModel NameBed/BathPriced From
Van de VyverThe ReserveStudio,1BA$998
Townsend SquareTownhomes starting at $1080.00- Now Accepting A...2BR,1BA$1,080
Highland Terrace Apartments1-Bedroom1BR,1BA$1,140
Jackson Street Lofts3 Bedroom / 3 Bath - 1,975sqft3BR,3BA$2,175

Best Value Apartments for Rent in Chestnut Hill, VA

As of August 24, 2026 the best value apartment in the Chestnut Hill area is the $1.69 price per square foot 2017 2nd Ave Model at 2017 2nd Ave, Unit #A in the in the Oregon Hill neighborhood starting from $2,200. The second greatest value Chestnut Hill apartment is the 3 Bedroom / 3 Bath - 1,975sqft Model at Jackson Street Lofts starting at $2,175 with a $1.69 price per square foot in the Downtown Richmond neighborhood. Here is today’s list of the best values for Chestnut Hill apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
2017 2nd Ave, Unit #A2017 2nd Ave2BR,2BA$1.69
Jackson Street Lofts3 Bedroom / 3 Bath - 1,975sqft3BR,3BA$1.69
Townsend SquareTownhomes starting at $1080.00- Now Accepting A...2BR,1BA$0.94
Highland Terrace Apartments1-Bedroom1BR,1BA$1.57
1603 Monteiro Ave, Unit 16031603 Monteiro Ave2BR,1BA$2.27
The JamesJAMES-11BR,1BA$2.79
Van de VyverThe Abby1BR,1BA$2.89

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 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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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
Chestnut Hill, Richmond, VA

Ranked #167

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

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Frequently Asked Questions about Cheap Chestnut Hill Apartments

What is a cheap apartment in Chestnut Hill?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Chestnut Hill is under $2,175.

What is the price of a cheap apartment in Chestnut Hill?

The cheapest apartment in Chestnut Hill is Highland Terrace Apartments which is listed at $1,140, while the average apartment in Chestnut Hill costs $1,155.

What types of apartments are the cheapest in Chestnut Hill?

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 20 regular apartments in Chestnut Hill 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 Chestnut Hill?

Cheap apartments in Chestnut Hill have an average cost of $833 which is $322 cheaper than the average rent for all rentals in Chestnut Hill.

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

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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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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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Rent According to Income: A Look at Income-Restricted Rentals

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