Cheap Apartments for Rent in the Forest Hill Terrace Neighborhood of Richmond, VA from $700 (39 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Forest Hill Terrace 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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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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Westover Hills Townhomes
1 to 2 Bedroom Apartments

Westover Hills Townhomes

600 Westover Hills BlvdRichmond, VA 23225
  • Utilities Included

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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1200 SEMMES Apartments
Studio to 2 Bedroom Apartments

1200 SEMMES Apartments

1200 Semmes AveRichmond, VA 23224
  • Utilities Included
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Southgate
1 to 3 Bedroom Apartments

Southgate

3430-3456 Maury StRichmond, VA 23224
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408-410 Dobson St
2 Bedroom Apartments

408-410 Dobson St

408-410 Dobson StRichmond, VA 23220
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Pine Court II
Studio to 3 Bedroom Apartments

Pine Court II

611 W Cary StRichmond, VA 23220
Student Housing
  • Utilities Included
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Pine Court Apartments III
Studio to 3 Bedroom Apartments

Pine Court Apartments III

723-725 W Cary StRichmond, VA 23220
Student Housing
  • Utilities Included
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Pine Court I
Studio to 2 Bedroom Apartments

Pine Court I

707 W Cary StRichmond, VA 23220
Student Housing
  • 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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Victory Apartments
1 to 2 Bedroom Apartments

Victory Apartments

407 S Cherry StRichmond, VA 23220
  • Utilities Included
  • Smoke Free
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27th Townhomes
2 Bedroom Apartments

27th Townhomes

10 W 27th StRichmond, VA 23225
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310 W 31st
1 to 3 Bedroom Apartments

310 W 31st

310 W 31st StreetRichmond, VA 23225
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Showing Results 1-39, Page 1 of 1

Forest Hill Terrace, Richmond, VA Local Guide

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 Kingly Ones and Briarwood Court Apartments priced from $825. Ashton Square Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $975. Here are the most affordable Forest Hill Terrace apartments for rent in Richmond, VA:

Apartment ListingModel NameBed/BathPriced From
Kingly Ones and Briarwood Court Apartments1 Bedroom1BR,1BA$825
Ashton Square ApartmentsAshley1BR,1BA$975
Belle SummitRainer2BR,2BA$1,020
Villas at CedarhurstNo Extra Charges. Just Extra Peace of Mind.Studio,1BA$1,049
404 Rivertowne Apartment HomesVanderbilt1BR,1BA$1,065
The Gardens at ManchesterFeast Your Eyes on This Home Deal – Celebrate c...2BR,1BA$1,075
Park Vue2 Bedroom Townhome2BR,1BA$1,084
Townhouses of Chesterfield IIWood II2BR,1BA$1,110
Park at Forest HillByrd1BR,1BA$1,155

Best Value Apartments for Rent in Forest Hill Terrace, VA

As of November 24, 2025 the best value apartment in the Forest Hill Terrace area is the $1.45 price per square foot Downtown Double Suite Model at The Berkshire in the in the Downtown Richmond neighborhood starting from $2,700. The second greatest value Forest Hill Terrace apartment is the 2X1.5 Model at The Arbors at Hull Street Senior Apartments starting at $1,475 with a $1.25 price per square foot in the Midlothian neighborhood. Here is today’s list of the best values for Forest Hill Terrace apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The BerkshireDowntown Double Suite2BR,2BA$1.45
The Arbors at Hull Street Senior Apartments2X1.52BR,1.5BA$1.25
Village at West LakeB12BR,2BA$1.57
Townhouses of Chesterfield IIBirch2BR,1.5BA$1.43
Reserve SouthB1 Renovated2BR,1BA$1.57
Belle SummitRainer2BR,2BA$1.21
Linden at Forest HillTwo Bedroom2BR,1BA$1.56
The Gardens at ManchesterFeast Your Eyes on This Home Deal – Celebrate c...2BR,1BA$1.40
Park Vue2 Bedroom Townhome2BR,1BA$1.51
Kingly Ones and Briarwood Court Apartments1 Bedroom1BR,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.

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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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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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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
Forest Hill Terrace, Richmond, VA

Ranked #126

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

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Best Local Schools in
Forest Hill Terrace, Richmond, VA

School data provided by Great Schools

Getting Around the Forest Hill Terrace Neighborhood in Richmond, VA

Walk Score®

73 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

61 / 100

Bikeable

Some bike infrastructure

Transit Score®

36 / 100

Some Transit

A few nearby public transportation options

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Forest Hill Terrace Apartments

What is a cheap apartment in Forest Hill Terrace?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Forest Hill Terrace is under $1,155.

What is the price of a cheap apartment in Forest Hill Terrace?

The cheapest apartment in Forest Hill Terrace is Kingly Ones and Briarwood Court Apartments which is listed at $825, while the average apartment in Forest Hill Terrace costs $1,655.

What types of apartments are the cheapest in Forest Hill Terrace?

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 74 regular apartments in Forest Hill Terrace 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 Forest Hill Terrace?

Cheap apartments in Forest Hill Terrace have an average cost of $772 which is $883 cheaper than the average rent for all rentals in Forest Hill Terrace.

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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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.