
Cheap Apartments for Rent in the Forest Hill Terrace Neighborhood of Richmond, VA from $700 (56 Rentals)
Search the lowest-cost Apartments available for rent right now in the Forest Hill Terrace area of Richmond.


2400 Perry St

2500 Bainbridge St

24 Perry St

Kingly Ones and Briarwood Court Apartments

2500 Bainbridge St

Belle Summit

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Villas at Cedarhurst

2500 Bainbridge St

404 Rivertowne Apartment Homes
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.

2418 Perry St

Norcroft Townhomes-55 and older

Park at Forest Hill

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Woodbriar Apartments

The Berkshire

Park Vue

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3615 Stockton St

Forest Hill

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2000 Riverside Apartments

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The Residences of Westover Hills
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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James River Pointe

Forest Square Apartments

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700 West 44

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Ashton Square Apartments

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Franklin Street Apartments

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Meadow Creek Apartments

The Arbors at Hull Street Senior Apartments

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The Crossings at Bramblewood

1518 Porter St

1923 Lakeview 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.

Willow Oaks Apartments

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Southwood Apartments

Morningside Apartments

Total Monthly Price
The Gardens at Manchester

Cary Belvidere Apartments

Alexander at 1090

Manchester Grand Apartments

Westover Hills Townhomes

Southgate

1200 SEMMES Apartments
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.

Riverside Apartments

Linden At Forest Hill

4111 Kinsley Ave

Victory Apartments

408-410 Dobson St

Pine Court II

The Villas At Granby

Pine Court I

Swansboro Place

Pine Court Apartments III
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
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Forest Hill Terrace, Richmond, VA Local Guide

How much does it cost to rent an apartment in Forest Hill Terrace?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Forest Hill Terrace Studio Apartments | $1,203 | $715 | $2,263 |
| Forest Hill Terrace 1 Bedroom Apartments | $1,411 | $825 | $2,732 |
| Forest Hill Terrace 2 Bedroom Apartments | $1,517 | $1,005 | $3,426 |
| Forest Hill Terrace 3 Bedroom Apartments | $1,869 | $1,178 | $2,700 |
| Forest Hill Terrace 4 Bedroom Apartments | $2,976 | $1,950 | $3,500 |
Browse Apartments in this Neighborhood
There are currently 56 rentals with your search options within a 2 mile radius of the Forest Hill Terrace Neighborhood of Richmond, VA.
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Forest Hill Terrace, Richmond, VA Local Guide
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Cheapest Available Forest Hill Terrace Apartments for Rent
 The cheapest available apartment rental in the Forest Hill Terrace area of Richmond, VA is a 1 Bed unit found at Manchester Grand Apartments priced from $770. Kingly Ones and Briarwood Court Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $825. Here are the most affordable Forest Hill Terrace apartments for rent in Richmond, VA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Manchester Grand Apartments | 1 Bedroom, 1 Bathroom | 1BR,1BA | $770 |
| Kingly Ones and Briarwood Court Apartments | 1 Bedroom | 1BR,1BA | $825 |
| Villas at Cedarhurst | What You See is What You Pay. | Studio,1BA | $954 |
| 404 Rivertowne Apartment Homes | Lexington | 1BR,1BA | $1,020 |
| Belle Summit | Rainer | 2BR,2BA | $1,020 |
| Park Vue | 2 Bedroom Townhome | 2BR,1BA | $1,084 |
| The Residences of Westover Hills | 1BR 1BA Upgraded | 1BR,1BA | $1,140 |
| Swansboro Place | 1BR 1BA | 1BR,1BA | $1,142 |
| Forest Square Apartments | 2 Bedroom 1 Bath - 67738 | 2BR,1BA | $1,150 |
| 700 West 44 | One Bedroom | 1BR,1BA | $1,151 |
Best Value Apartments for Rent in Forest Hill Terrace, VA
As of July 16, 2026 the best value apartment in the Forest Hill Terrace area is the $1.58 price per square foot 1216 McDonough St Model at 1216 McDonough St, Unit McDonough B in the in the Old South neighborhood starting from $3,480. The second greatest value Forest Hill Terrace apartment is the Wood II Model at Townhouses of Chesterfield II starting at $1,270 with a $1.14 price per square foot in the Broad Rock neighborhood. Here is today’s list of the best values for Forest Hill Terrace apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 1216 McDonough St, Unit McDonough B | 1216 McDonough St | 4BR,2BA | $1.58 |
| Townhouses of Chesterfield II | Wood II | 2BR,1.5BA | $1.14 |
| The Gardens at Manchester | Two Bedroom Two Bath Large Premier | 2BR,2BA | $1.23 |
| The Arbors at Hull Street Senior Apartments | 1X1 | 1BR,1BA | $1.32 |
| Ashton Square Apartments | Kensington | 2BR,1BA | $1.49 |
| Alexander at 1090 | Humboldt | 2BR,2BA | $1.58 |
| Morningside Apartments | White Oak Tax Credit | 2BR,1BA | $1.51 |
| Belle Summit | Rainer | 2BR,2BA | $1.21 |
| Park Vue | 2 Bedroom Townhome | 2BR,1BA | $1.51 |
| Kingly Ones and Briarwood Court Apartments | 1 Bedroom | 1BR,1BA | $1.38 |
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 LifestyleForest Hill Terrace, Richmond, VA
Ranked #114
Among cities in Virginia for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Best Local Schools in Forest Hill Terrace, Richmond, VA
School data provided by Great Schools
Frequently Asked Questions about Cheap Forest Hill Terrace Apartments
What is the Cheapest Studio apartment in Forest Hill Terrace?
Currently the most affordable Cheap Studio Apartment in Forest Hill Terrace is at Villas at Cedarhurst listed at $954.
How much is rent for a Cheap One Bedroom Forest Hill Terrace Apartment?
The lowest price for a Cheap One Bedroom Forest Hill Terrace Apartment is $770 at Manchester Grand Apartments.
What is the lowest price for a Cheap Two Bedroom Forest Hill Terrace Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Forest Hill Terrace is starting from $1,005 at Kingly Ones and Briarwood Court Apartments.
What is the most affordable Forest Hill Terrace Three Bedroom Apartment?
The best deal on a cheap Forest Hill Terrace Three Bedroom Apartment rental is at Swansboro Place and starts from $1,522.
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.