Cheap Apartments for Rent in the East Neighborhood of Richmond, VA from $500 (36 Rentals)

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

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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The Carlisle
2 Bedroom Apartments

The Carlisle

1700 Carlisle AveRichmond, VA 23231
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Jefferson Mews
1 to 3 Bedroom Apartments

Jefferson Mews

600 Jefferson AveRichmond, VA 23223
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Market Slip
1 to 2 Bedroom Apartments

Market Slip

2 S 17th StRichmond, VA 23219
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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.

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101 Poe St
2 Bedroom Apartments

101 Poe St

101 Poe StRichmond, VA 23222
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Tracks at the Masonry
Studio to 2 Bedroom Apartments

Tracks at the Masonry

1716 E Cary StRichmond, VA 23223
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The Dill Building
1 to 3 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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1822 Williamsburg Rd
Studio to 2 Bedroom Apartments

1822 Williamsburg Rd

1822 Williamsburg RdRichmond, VA 23231
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Tobacco Landing
1 to 2 Bedroom Apartments

Tobacco Landing

2701 E Main StRichmond, VA 23223
  • Utilities Included

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

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Cedar Broad
1 to 3 Bedroom Apartments

Cedar Broad

1820 E Broad StRichmond, VA 23223
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Mallard Greens
1 to 3 Bedroom Apartments

Mallard Greens

2852 Fairfield AveRichmond, 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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1808 Williamsburg Rd
Studio to 1 Bedroom Apartments

1808 Williamsburg Rd

1808 Williamsburg RdRichmond, VA 23231
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Engine at The Masonry
1 to 2 Bedroom Apartments

Engine at The Masonry

2026 E Main StRichmond, VA 23223
  • Utilities Included

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.

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 1 Bed unit found at New Manchester Flats priced from $705. The Masonry Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $995. Here are the most affordable East apartments for rent in Richmond, VA:

Apartment ListingModel NameBed/BathPriced From
New Manchester FlatsThe Decatur1BR,1BA$705
The Masonry ApartmentsMasonry TS-S1Studio,1BA$995
Jefferson Townhouses1X11BR,1BA$1,000
Cedar BroadA2b1BR,1BA$1,045
Townsend SquareTownhomes starting at $1050.00- Now Accepting A...2BR,1BA$1,050
Flats at 14th0 Bedroom 1 Bath - 31684Studio,1BA$1,081
Lava LoftsSleeper Loft RRY 107Studio,1BA$1,090
1808 Williamsburg Rd1 Beds, 1 Baths1BR,1BA$1,095
The AttainAshland1BR,1BA$1,123
American Tobacco CenterSCenter-A111BR,1BA$1,189

Best Value Apartments for Rent in East, VA

As of January 08, 2026 the best value apartment in the East area is the $0.97 price per square foot Canal 236 1 Bed Model at Lofts and Upper Lofts at Canal Walk - Canal I and Canal II in the in the Downtown Richmond neighborhood starting from $1,265. The second greatest value East apartment is the B1.1 Model at Raven Place starting at $1,730 with a $1.47 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.
Lofts and Upper Lofts at Canal Walk - Canal I and Canal IICanal 236 1 Bed1BR,1BA$0.97
Raven PlaceB1.12BR,2BA$1.47
Townsend SquareTownhomes starting at $1050.00- Now Accepting A...2BR,1BA$0.91
ConsolidatedCO-F Two Bedroom, Two Bathroom2BR,2BA$1.65
The Lofts at Shiplock Watch2BR x 2 Bath (1447g22a)2BR,2BA$1.51
LOFTY APARTMENTS2BR/2.0BA2BR,2BA$1.60
The Corner Lofts1 Bedroom 1 Bath - 334021BR,1BA$1.44
The Dill BuildingSCenter-A111BR,1BA$1.52
Shockoe CenterSCenter-A111BR,1BA$1.56
New Manchester FlatsThe James1BR,1.5BA$1.56

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 Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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.

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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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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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Frequently Asked Questions about Cheap East Apartments

What is the Cheapest Studio apartment in East?

Currently the most affordable Cheap Studio Apartment in East is at The Masonry Apartments listed at $995.

How much is rent for a Cheap One Bedroom East Apartment?

The lowest price for a Cheap One Bedroom East Apartment is $705 at New Manchester Flats.

What is the lowest price for a Cheap Two Bedroom East Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in East is starting from $835 at New Manchester Flats.

What is the most affordable East Three Bedroom Apartment?

The best deal on a cheap East Three Bedroom Apartment rental is at New Manchester Flats and starts from $950.

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.

Articles, How-To's, and Tips

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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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How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips

Written by: Justin Habersaat

Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.