Cheap Apartments for Rent in the East Neighborhood of Richmond, VA from $500 (60 Rentals)

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

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Darby House
1 to 2 Bedroom Apartments

Darby House

1400 Shirleydale AveRichmond, VA 23231
Senior Living
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Shockoe Center
1 to 2 Bedroom Apartments

Shockoe Center

1900 E Franklin StRichmond, VA 23223
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101 Poe St
2 Bedroom Apartments

101 Poe St

101 Poe StRichmond, VA 23222
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Market Slip
1 to 2 Bedroom Apartments

Market Slip

2 S 17th StRichmond, VA 23219
  • Utilities Included

Richmond’s Best Affordable Neighborhoods

Learn about Richmond and the best affordable places to live by our Local Expert Richard Corrigan

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The Dill Building
1 to 2 Bedroom Apartments

The Dill Building

2020 E Franklin StRichmond, VA 23223
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Ashley Oaks Apartments
2 to 3 Bedroom Apartments

Ashley Oaks Apartments

1400 Jennie Scher RdRichmond, VA 23231
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The Hill Building
1 to 2 Bedroom Apartments

The Hill Building

114 Virginia StRichmond, VA 23219
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Shockoe Commons
1 to 2 Bedroom Apartments

Shockoe Commons

1209-1211 E Main StRichmond, VA 23223
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Wynwood Apartments
2 Bedroom Apartments

Wynwood Apartments

1209-1267 Nelson StRichmond, VA 23231
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Old Stone Row
1 to 2 Bedroom Apartments

Old Stone Row

2001 E Franklin StRichmond, VA 23223
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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Engine at The Masonry
1 to 2 Bedroom Apartments

Engine at The Masonry

2026 E Main StRichmond, VA 23223
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Mallard Greens
2 Bedroom Apartments

Mallard Greens

2852 Fairfield AveRichmond, VA 23223
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Showing Results 1-50, Page 1 of 2

East, Richmond, VA Local Guide

Cheapest Available East Apartments for Rent

 

The cheapest available apartment rental in the East area of Richmond, VA is a 2 Beds unit found at New Manchester Flats priced from $837. Old Stone Row has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,055. Here are the most affordable East apartments for rent in Richmond, VA:

Apartment ListingModel NameBed/BathPriced From
New Manchester FlatsThe Bainbridge2BR,1BA$837
Old Stone RowOS A101BR,1BA$1,055
Attain ShockoeCedar Ridge1BR,1BA$1,093
Mallard GreensTWO BEDROOMS JUST FOR YOU!! AVAILABLE NOW - WH...2BR,1BA$1,103
The Corner Lofts - 1321 E. Main St.1BR/1.0BA1BR,1BA$1,122
The OliverThe Virginia1BR,1BA$1,150
The Mirage ManchesterThe Soleil1BR,1BA$1,150
River Lofts at Tobacco RowOne Bedroom, One Bathroom1BR,1BA$1,185
Jefferson Townhouses2x12BR,1BA$1,225
2001 EastStudioStudio,1BA$1,250

Best Value Apartments for Rent in East, VA

As of June 12, 2025 the best value apartment in the East area is the $1.45 price per square foot The Bay Model at Hydro in the in the East neighborhood starting from $1,891. The second greatest value East apartment is the Canal 236 1 Bed Model at Lofts and Upper Lofts at Canal Walk starting at $1,255 with a $0.97 price per square foot in the Downtown Richmond neighborhood. Here is today’s list of the best values for East apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
HydroThe Bay2BR,2BA$1.45
Lofts and Upper Lofts at Canal WalkCanal 236 1 Bed1BR,1BA$0.97
1710 East Franklin Street1BR/1.0BA1BR,1BA$1.03
Raven PlaceB1.12BR,2BA$1.47
Glenwood Ridge Apartments3 bedroom3BR,2BA$1.75
ConsolidatedOne Bedroom, One Bathroom1BR,1BA$1.49
Mallard GreensTWO BEDROOMS JUST FOR YOU!! AVAILABLE NOW - WH...2BR,1BA$1.33
The Villas of OakwoodWelcome home to The Villas at Oakwood - Under N...2BR,1BA$1.65
Jefferson Townhouses2x12BR,1BA$1.63
River Lofts at Tobacco RowOne Bedroom, One Bathroom1BR,1BA$1.67

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
East, Richmond, VA

Ranked #68

Among neighborhoods in Richmond, VA for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
East, Richmond, VA

School data provided by Great Schools

Frequently Asked Questions about Cheap East Apartments

What is a cheap apartment in East?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in East is under $1,250.

What is the price of a cheap apartment in East?

The cheapest apartment in East is New Manchester Flats which is listed at $979, while the average apartment in East costs $2,060.

What types of apartments are the cheapest in East?

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 84 regular apartments in East 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 East?

Cheap apartments in East have an average cost of $526 which is $1,534 cheaper than the average rent for all rentals in East.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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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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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.