
Cheap Apartments for Rent in the East Neighborhood of Richmond, VA from $500 (36 Rentals)
Search the lowest-cost Apartments available for rent right now in the East area of Richmond.


2001 East

The Masonry Apartments

Creighton Renaissance Apartments

2104 Phaup St

1814 Williamsburg Rd

923 N 20th St

Jefferson Townhouses

Flats at 25th
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 Attain

Townsend Square

927 N 20th St

Flats at 14th

1221 Nelson St

Shockoe Hill Senior Apartments 62 plus*

The Carlisle

Jefferson Mews

Market Slip
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.

101 Poe St

Tracks at the Masonry

The Dill Building

Bacon Retirement Community

Bowler Retirement Community

Ashley Oaks Apartments

Beckstoffer's Mill Lofts

1822 Williamsburg Rd

Tobacco Landing
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.

Cedar Broad

Mallard Greens

Wynwood Apartments

Old Stone Row

Terrace at the Masonry

Lofts and Upper Lofts at Canal Walk - Canal I and Canal II

Lofts and Upper Lofts at Canal Walk III

1808 Williamsburg Rd

Engine at The Masonry
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East, Richmond, VA Local Guide

How much does it cost to rent an apartment in East?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| East Studio Apartments | $1,237 | $864 | $2,169 |
| East 1 Bedroom Apartments | $1,485 | $705 | $2,400 |
| East 2 Bedroom Apartments | $1,705 | $835 | $2,500 |
| East 3 Bedroom Apartments | $2,048 | $950 | $2,999 |
| East 4 Bedroom Apartments | $3,609 | $1,620 | $5,599 |
Browse Apartments in this Neighborhood
There are currently 36 rentals with your search options within a 1 mile radius of the East Neighborhood of Richmond, VA.
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East, Richmond, VA Local Guide
- Nearby Richmond neighborhoods
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| New Manchester Flats | The Decatur | 1BR,1BA | $705 |
| The Masonry Apartments | Masonry TS-S1 | Studio,1BA | $995 |
| Jefferson Townhouses | 1X1 | 1BR,1BA | $1,000 |
| Cedar Broad | A2b | 1BR,1BA | $1,045 |
| Townsend Square | Townhomes starting at $1050.00- Now Accepting A... | 2BR,1BA | $1,050 |
| Flats at 14th | 0 Bedroom 1 Bath - 31684 | Studio,1BA | $1,081 |
| Lava Lofts | Sleeper Loft RRY 107 | Studio,1BA | $1,090 |
| 1808 Williamsburg Rd | 1 Beds, 1 Baths | 1BR,1BA | $1,095 |
| The Attain | Ashland | 1BR,1BA | $1,123 |
| American Tobacco Center | SCenter-A11 | 1BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Lofts and Upper Lofts at Canal Walk - Canal I and Canal II | Canal 236 1 Bed | 1BR,1BA | $0.97 |
| Raven Place | B1.1 | 2BR,2BA | $1.47 |
| Townsend Square | Townhomes starting at $1050.00- Now Accepting A... | 2BR,1BA | $0.91 |
| Consolidated | CO-F Two Bedroom, Two Bathroom | 2BR,2BA | $1.65 |
| The Lofts at Shiplock Watch | 2BR x 2 Bath (1447g22a) | 2BR,2BA | $1.51 |
| LOFTY APARTMENTS | 2BR/2.0BA | 2BR,2BA | $1.60 |
| The Corner Lofts | 1 Bedroom 1 Bath - 33402 | 1BR,1BA | $1.44 |
| The Dill Building | SCenter-A11 | 1BR,1BA | $1.52 |
| Shockoe Center | SCenter-A11 | 1BR,1BA | $1.56 |
| New Manchester Flats | The James | 1BR,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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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.
Best Local Schools in East, Richmond, VA
Martin Luther King Jr. Middle
School data provided by Great Schools
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

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.

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.

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.

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.