Cheap Apartments for Rent in the Gambles Hill Neighborhood of Richmond, VA from $500 (262 Rentals)

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

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Gambles Hill, Richmond, VA Local Guide

Cheapest Available Gambles Hill Apartments for Rent

 

The cheapest available apartment rental in the Gambles Hill area of Richmond, VA is a 1 Bed unit found at New Manchester Flats priced from $766. Towers on Franklin has the second lowest priced unit, which is a Studio apartment currently listed from $949. Here are the most affordable Gambles Hill apartments for rent in Richmond, VA:

Apartment ListingModel NameBed/BathPriced From
New Manchester FlatsThe Decatur1BR,1BA$766
Towers on FranklinRodneyStudio,1BA$949
Attain ShockoeCapitolStudio,1BA$987
Eagle Mill Lofts1 bed 1bth1BR,1BA$995
Van de VyverThe ReserveStudio,1BA$998
Dogtown Apartments1 Bedroom Standard1BR,1BA$999
Jefferson Townhouses1X11BR,1BA$1,000
The Foundry ApartmentsOne Bedroom1BR,1BA$1,013
Belle SummitRainer2BR,2BA$1,020
Cedar BroadA2b1BR,1BA$1,045

Best Value Apartments for Rent in Gambles Hill, VA

As of August 03, 2025 the best value apartment in the Gambles Hill area is the $1.31 price per square foot 308 E Leigh St Model at 308 E Leigh St, Unit 1 in the in the Downtown Richmond neighborhood starting from $2,395. The second greatest value Gambles Hill apartment is the 803 W Broad St Model at 803 W Broad St, Unit 1 starting at $2,250 with a $1.32 price per square foot in the Downtown Richmond neighborhood. Here is today’s list of the best values for Gambles Hill apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
308 E Leigh St, Unit 1308 E Leigh St3BR,2BA$1.31
803 W Broad St, Unit 1803 W Broad St3BR,2BA$1.32
Marshall Park4x4 - Priced Per Bedroom4BR,4BA$0.61
Park Plaza @ Belvidere2BR/2.0BA2BR,2BA$1.45
1300 Grove Ave, Unit 31300 Grove Ave2BR,1BA$1.17
Venus At Manchester Apartments2 -Bedroom, 2-Bath2BR,2BA$1.20
Hatcher Tobacco Flats3X23BR,2BA$1.23
The Corner Lofts - 1321 E. Main St.1BR/1.0BA1BR,1BA$1.39
Belle SummitRainer2BR,2BA$1.21
The BerkshireCatherine1BR,1BA$1.46

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
Gambles Hill, Richmond, VA

Ranked #2

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Gambles Hill, Richmond, VA

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving brings you our detailed rental search system called 'Lifestyle ratings', composed of neighborhoods, cities and towns, and rental properties across Virginia including Gambles Hill, Richmond, and the greater Richmond area. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including searching for the best amenities, and outdoor amenities like tennis courts, kid and pet-friendly communities, availability of transit options, and more. Find Lifestyle Search in the filter options (above). Happy Searching!

Getting Around the Gambles Hill Neighborhood in Richmond, VA

Walk Score®

67 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

67 / 100

Bikeable

Some bike infrastructure

Transit Score®

57 / 100

Good Transit

Many 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 Gambles Hill Apartments

What is a cheap apartment in Gambles Hill?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Gambles Hill is under $1,045.

What is the price of a cheap apartment in Gambles Hill?

The cheapest apartment in Gambles Hill is New Manchester Flats which is listed at $766, while the average apartment in Gambles Hill costs $2,291.

What types of apartments are the cheapest in Gambles Hill?

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 234 regular apartments in Gambles Hill 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 Gambles Hill?

Cheap apartments in Gambles Hill have an average cost of $450 which is $1,841 cheaper than the average rent for all rentals in Gambles Hill.

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

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.