Cheap Apartments for Rent in the Chestnut Hill Neighborhood of Richmond, VA from $500 (25 Rentals)

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

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

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.

property at 1605 Hickory St

$1,249

Total Monthly Price

Total Monthly Price

Base Rent
$1,249

Total Monthly Price
$1,249

2 Bedroom, 1 Bath Home for Rent

Available Now

1605 Hickory St

RichmondVA23222
property at 1610 Fendall Ave

$1,249

Total Monthly Price

Total Monthly Price

Base Rent
$1,249

Total Monthly Price
$1,249

2 Bedroom, 1 Bath Home for Rent

Available Now

1610 Fendall Ave

RichmondVA23222
property at 417 Fritz St

$1,295

Total Monthly Price

Total Monthly Price

Base Rent
$1,295

Total Monthly Price
$1,295

2 Bedroom, 1 Bath Home for Rent

Available Now

417 Fritz St

RichmondVA23222
property at 104 Poe St

$1,295

Total Monthly Price

Total Monthly Price

Base Rent
$1,295

Total Monthly Price
$1,295

2 Bedroom, 1 Bath Home for Rent

Available Jul 27

104 Poe St

RichmondVA23222

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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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 3209 3rd Ave

$995

Total Monthly Price

Total Monthly Price

Base Rent
$995

Total Monthly Price
$995

1 Bedroom, 1 Bath Condo for Rent

Available Now

3209 3rd Ave

RichmondVA23222

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.

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
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 Jul 17

2603 5th Ave

RichmondVA23222

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.

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
200 Minor Street Quad3 Beds, 1 Baths3BR,1BA$1,295
Jackson Street Lofts3 Bedroom / 3 Bath - 1,975sqft3BR,3BA$2,175

Best Value Apartments for Rent in Chestnut Hill, VA

As of July 10, 2026 the best value apartment in the Chestnut Hill area is the $1.69 price per square foot 3 Bedroom / 3 Bath - 1,975sqft Model at Jackson Street Lofts in the in the Downtown Richmond neighborhood starting from $2,175. The second greatest value Chestnut Hill apartment is the Townhomes starting at $1080.00- Now Accepting A... Model at Townsend Square starting at $1,080 with a $0.94 price per square foot in the Chestnut Hill 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.
Jackson Street Lofts3 Bedroom / 3 Bath - 1,975sqft3BR,3BA$1.69
Townsend SquareTownhomes starting at $1080.00- Now Accepting A...2BR,1BA$0.94
200 Minor Street Quad3 Beds, 1 Baths3BR,1BA$1.18
Highland Terrace Apartments1-Bedroom1BR,1BA$1.57
Van de VyverThe HeirloomStudio ,1BA$2.58

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 $1,639.

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 14 regular apartments in Chestnut Hill that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

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

decorative image for A Local Expert's Guide To the Top Budget-Friendly Neighborhoods to Rent in Richmond, VA article

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.

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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 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.

decorative image for Your Richmond Neighborhood Guide: Living Near the City's Top Employers article

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.

Articles, How-To's, and Tips

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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.

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention   article

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.

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

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.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.