Cheap Apartments for Rent in the Far West Neighborhood of Richmond, VA from $800 (58 Rentals)

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

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Wellsmith Apartments
$1,333 - $13,247
Total Monthly Price

Total Monthly Price

Base Rent
$1,300 - $13,214
Required Monthly Fees
Varies

Total Monthly Price
Varies
Studio to 3 Bedroom Apartments Available Now

Wellsmith Apartments

5000 Libbie Mill East BlvdRichmond, VA 23230
Corporate Housing
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  • Customer Reviewed
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The Village at Horsepen
$1,402 - $1,968
Total Monthly Price

Total Monthly Price

Base Rent
$1,382 - $1,948
Required Monthly Fees
Varies

Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

The Village at Horsepen

6701 Dartmouth AveRichmond, VA 23226
Corporate Housing
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property at 36oo W Broad St

$1,415

Total Monthly Price

Total Monthly Price

Base Rent
$1,415

Total Monthly Price
$1,415

1 Bedroom, 1 Bath Home for Rent

Available Now

36oo W Broad St

RichmondVA23230

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 4913 Monument Ave

$1,495

Total Monthly Price

Total Monthly Price

Base Rent
$1,495

Total Monthly Price
$1,495

2 Bedroom, 1 Bath Home for Rent

Available Aug 10

4913 Monument Ave

RichmondVA23230
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Penstock Quarter Apartments
Rent Specials
$1,496 - $2,906
Total Monthly Price

Total Monthly Price

Base Rent
$1,463 - $2,873
Required Monthly Fees
Varies

Total Monthly Price
Varies
Studio to 3 Bedroom Apartments Available Now

Penstock Quarter Apartments

5001 Libbie Mill East BlvdRichmond, VA 23230
Corporate Housing
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The Icon
$1,535 - $3,938
Total Monthly Price

Total Monthly Price

Base Rent
$1,535 - $3,938

Total Monthly Price
$1,535 - $3,938
1 to 2 Bedroom Apartments Available Now

The Icon

1209 Mactavish AveRichmond, VA 23230
Transit Friendly
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  • Customer Reviewed
  • Utilities Included
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Scott's View
$1,564 - $3,803
Total Monthly Price

Total Monthly Price

Base Rent
$1,564 - $3,803

Total Monthly Price
$1,564 - $3,803
1 to 2 Bedroom Apartments Available Now

Scott's View

3410 W Clay StRichmond, VA 23230
Corporate Housing
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  • Customer Reviewed
  • Utilities Included
property at 2623 Floyd Ave

$1,595

Total Monthly Price

Total Monthly Price

Base Rent
$1,595

Total Monthly Price
$1,595

2 Bedroom, 1 Bath Home for Rent

Available Aug 10

2623 Floyd Ave

RichmondVA23220
property at 1111 N Thompson St

$1,600 - $2,100

Total Monthly Price

Total Monthly Price

Base Rent
$1,600

Total Monthly Price
$1,600

1 To 2 Bedroom Rentals

Available Now

1111 N Thompson St

RichmondVA23230

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 Estates at Horsepen
$1,638 - $3,336
Total Monthly Price

Total Monthly Price

Base Rent
$1,618 - $3,316
Required Monthly Fees
Varies

Total Monthly Price
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1 to 3 Bedroom Apartments Available Now

The Estates at Horsepen

1 Drayson WayRichmond, VA 23226
Corporate Housing
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414 N Sheppard St
$1,725 - $2,050
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,725 - $2,050

Total Monthly Price
Varies
1 to 2 Bedroom Apartments Contact Us For Availability

414 N Sheppard St

414 N Sheppard StRichmond, VA 23221
  • Verified
property at 3001 W Cary St

$1,750

Total Monthly Price

Total Monthly Price

Base Rent
$1,750

Total Monthly Price
$1,750

1 Bedroom, 1 Bath Home for Rent

Available Jul 10

3001 W Cary St

RichmondVA23221
property at 4 N Auburn Ave

$1,750

Total Monthly Price

Total Monthly Price

Base Rent
$1,750

Total Monthly Price
$1,750

2 Bedroom, 1 Bath Home for Rent

Available Jul 10

4 N Auburn Ave

RichmondVA23221

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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Malvern Manor Apartments
Rent Specials
$1,801 - $3,174
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,781 - $3,154
Required Monthly Fees
Varies

Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

Malvern Manor Apartments

41 1/2 Malvern AveRichmond, VA 23221
Corporate Housing
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property at 2601 Parkwood Ave

$1,895

Total Monthly Price

Total Monthly Price

Base Rent
$1,895

Total Monthly Price
$1,895

2 Bedroom, 1 Bath Home for Rent

Available Jul 17

2601 Parkwood Ave

RichmondVA23220
property at 4506 Monument Ave

$1,895

Total Monthly Price

Total Monthly Price

Base Rent
$1,895

Total Monthly Price
$1,895

2 Bedroom, 1 Bath Home for Rent

Available Aug 21

4506 Monument Ave

RichmondVA23230
property at 118 S Colonial Ave

$1,895

Total Monthly Price

Total Monthly Price

Base Rent
$1,895

Total Monthly Price
$1,895

2 Bedroom, 1 Bath Home for Rent

Available Jul 31

118 S Colonial Ave

RichmondVA23221
property at 7733 Duncaster Rd

$1,962

Total Monthly Price

Total Monthly Price

Base Rent
$1,900
Required Monthly Fees
$62

Total Monthly Price
$1,962

3 Bedroom, 1 Bath Rentals

Available Now

7733 Duncaster Rd

RichmondVA23225
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2700 Idlewood Ave
Studio to 1 Bedroom Apartments

2700 Idlewood Ave

2700 Idlewood AveRichmond, VA 23220
Senior Living
  • Utilities Included
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3329 Cutshaw Ave
1 to 2 Bedroom Apartments

3329 Cutshaw Ave

3329 Cutshaw AveRichmond, VA 23230
  • Utilities Included
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MacTavish Flats
Studio to 1 Bedroom Apartments

MacTavish Flats

1302 MacTavish AveRichmond, VA 23230

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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The Faison Residence
1 to 3 Bedroom Apartments

The Faison Residence

5322 Markel RdRichmond, VA 23230
  • Utilities Included
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3514 Park Ave.
1 to 2 Bedroom Apartments

3514 Park Ave.

3514 Park AveRichmond, VA 23221
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The Parkwood
Studio to 2 Bedroom Apartments

The Parkwood

3003 Parkwood AveRichmond, VA 23221
Student Housing
  • Utilities Included
property at 23 N Mulberry St

$1,295

Total Monthly Price

Total Monthly Price

Base Rent
$1,295

Total Monthly Price
$1,295

1 Bedroom, 1 Bath Condo for Rent

Available Aug 14

23 N Mulberry St

RichmondVA23220
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Century Flats
1 to 2 Bedroom Apartments

Century Flats

1004 N Thompson StRichmond, VA 23230
  • Utilities Included
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Argon
1 to 3 Bedroom Apartments

Argon

3805 Cutshaw AveRichmond, VA 23230
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Kensington Court
1 to 2 Bedroom Apartments

Kensington Court

2900 Kensington AveRichmond, VA 23221
  • Utilities Included

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

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

Far West, Richmond, VA Local Guide

Cheapest Available Far West Apartments for Rent

 

The cheapest available apartment rental in the Far West area of Richmond, VA is a Studio unit found at Guardian Place Apartments priced from $1,192. Wellsmith Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $1,333. Here are the most affordable Far West apartments for rent in Richmond, VA:

Apartment ListingModel NameBed/BathPriced From
Guardian Place ApartmentsS1 Guardian Place 1Studio,1BA$1,192
Wellsmith ApartmentsS1Studio,1BA$1,333
Crestwood at Libbie2X12BR,1BA$1,379
The Village at HorsepenWiltshire2BR,1BA$1,402
ArgonThe Rhodium1BR,1BA$1,415
Scotts Edge1x11BR,1BA$1,458
Penstock Quarter ApartmentsS1Studio,1BA$1,496
1111 N Thompson St1BR/1.0BA1BR,1BA$1,600
The Alder on DabneyCaliStudio,1BA$1,600
The Preserve Scotts AdditionThe NickelStudio,1BA$1,612

Best Value Apartments for Rent in Far West, VA

As of June 21, 2026 the best value apartment in the Far West area is the $1.74 price per square foot 2D (RENO) Model at River School Lofts in the in the Far West neighborhood starting from $2,800. The second greatest value Far West apartment is the 4418 Cutshaw Ave Model at 4418 Cutshaw Ave starting at $2,350 with a $1.96 price per square foot in the Bellevue neighborhood. Here is today’s list of the best values for Far West apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
River School Lofts2D (RENO)2BR,2BA$1.74
4418 Cutshaw Ave4418 Cutshaw Ave2BR,1BA$1.96
Wrighthaven Square ApartmentsB22BR,2BA$2.33
Malvern Manor ApartmentsRenovated Grove2BR,1BA$2.23
The Icon2 Bedroom2BR,2BA$2.27
3121 Grove Ave, Unit 33121 Grove Ave1BR,1BA$2.05
The Estates at HorsepenThe Leighton1BR,1.5BA$1.95
The Gallery Midtown ApartmentsRenovated Grove1BR,1BA$2.11
Scotts Edge1x11BR,1BA$1.93
Crestwood at Libbie2X12BR,1BA$2.10

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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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
Far West, Richmond, VA

Ranked #112

Among cities in Virginia for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

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Frequently Asked Questions about Cheap Far West Apartments

What is a cheap apartment in Far West?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Far West is under $1,612.

What is the price of a cheap apartment in Far West?

The cheapest apartment in Far West is Argon which is listed at $1,415, while the average apartment in Far West costs $2,975.

What types of apartments are the cheapest in Far West?

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 19 regular apartments in Far West 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 Far West?

Cheap apartments in Far West have an average cost of $145 which is $2,830 cheaper than the average rent for all rentals in Far West.

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

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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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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 Insiders 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.

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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.

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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.

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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.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.