
Cheap Apartments for Rent in the Chestnut Hill Neighborhood of Richmond, VA from $500 (25 Rentals)
Search the lowest-cost Apartments available for rent right now in the Chestnut Hill area of Richmond.


Van de Vyver

Total Monthly Price
Townsend Square

2400 Barton Ave

2603 5th Ave, Unit 2

3119 4th Ave
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.

1605 Hickory St

1610 Fendall Ave

417 Fritz St

104 Poe St

2002 Carroll St

Shockoe Hill Senior Apartments 62 plus*
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.

The Planet Apartments

101 Poe St

The Rosa

701 Saint James Street Apartments

2100 Phaup St

3209 3rd Ave
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.

2110 Phaup St

2403 5th Ave

Highland Terrace Apartments

One West Jackson Apartments

1901-1915 Whitcomb

2603 5th Ave
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.

200 Minor Street Quad
Chestnut Hill, Richmond, VA Local Guide

How much does it cost to rent an apartment in Chestnut Hill?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Chestnut Hill Studio Apartments | $1,102 | $998 | $1,182 |
| Chestnut Hill 1 Bedroom Apartments | $1,163 | $937 | $1,339 |
| Chestnut Hill 2 Bedroom Apartments | $1,268 | $939 | $1,489 |
| Chestnut Hill 3 Bedroom Apartments | $819 | $819 | $819 |
| Chestnut Hill 4 Bedroom Apartments | $1,639 | $729 | $2,550 |
Browse Apartments in this Neighborhood
There are currently 25 rentals with your search options within a 1 mile radius of the Chestnut Hill Neighborhood of Richmond, VA.
See all Apartments in RichmondExplore Richmond
Chestnut Hill, Richmond, VA Local Guide
- Nearby Richmond neighborhoods
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Van de Vyver | The Reserve | Studio,1BA | $998 |
| Townsend Square | Townhomes starting at $1080.00- Now Accepting A... | 2BR,1BA | $1,080 |
| Highland Terrace Apartments | 1-Bedroom | 1BR,1BA | $1,140 |
| 200 Minor Street Quad | 3 Beds, 1 Baths | 3BR,1BA | $1,295 |
| Jackson Street Lofts | 3 Bedroom / 3 Bath - 1,975sqft | 3BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Jackson Street Lofts | 3 Bedroom / 3 Bath - 1,975sqft | 3BR,3BA | $1.69 |
| Townsend Square | Townhomes starting at $1080.00- Now Accepting A... | 2BR,1BA | $0.94 |
| 200 Minor Street Quad | 3 Beds, 1 Baths | 3BR,1BA | $1.18 |
| Highland Terrace Apartments | 1-Bedroom | 1BR,1BA | $1.57 |
| Van de Vyver | The Heirloom | Studio ,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.
Read ArticleThe 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
Read ArticleReal 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.
Read ArticleQuick 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.
Pet Friendly LifestyleChestnut Hill, Richmond, VA
Ranked #167
Among cities in Virginia for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
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

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.

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.

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.

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

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.

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.

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.

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.