
Cheap Apartments for Rent in the Gambles Hill Neighborhood of Richmond, VA from $500 (175 Rentals)
Search the lowest-cost Apartments available for rent right now in the Gambles Hill area of Richmond.


Total Monthly Price
1204 N 20th St, Unit Apt 1

Total Monthly Price
American Tobacco Collection

1019 W Leigh St

1017 W Leigh St

923 N 20th St

Eagle Mill Lofts

The Corner Lofts

The Hill Building

Van de Vyver
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.

New Manchester Flats

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1130 W Grace St

Jefferson Townhouses

1411 Grove Avenue

Flats at 25th

927 N 20th St

Park at Forest Hill

The Berkshire

Total Monthly Price
The Masonry Apartments

Residences at the John Marshall
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.

Flats at 14th

501 W Grace St, Unit A

1106 W Main St

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209 E Main St

The Attain

Forest Hill

The Mezzo Lofts

Total Monthly Price
Coliseum Lofts

River Lofts at Tobacco Row

Total Monthly Price
Towers on Franklin
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.

Forest Square Apartments

2400 Barton Ave

Miller Lofts @ Plant Zero

The Foundry Apartments

Grace & Monroe Apartments

Atrium on Broad Apartments

Total Monthly Price
T and E Apartments

3 N 18th St

2420 Barton Ave

2416 Barton Ave
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.

Monroe Park Towers Apartments

1100 Hull Street Apartments

Spectrum Apartments

The Oliver

The Concord Northside

The Mirage Manchester

The Biggs Building

1901-1915 Whitcomb

Capitol Lofts

17 W Main St, Unit 203
Explore The River City Like a Local: The Insider's Guide to Renting in Richmond, VA
Thinking of moving to Richmond, VA? Learn why "The River City" is a perfect blend of big-city amenities and small-town charm, offering a low cost of living, minimal traffic, and a rich cultural scene.
Gambles Hill, Richmond, VA Local Guide

How much does it cost to rent an apartment in Gambles Hill?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Gambles Hill Studio Apartments | $1,417 | $995 | $2,249 |
| Gambles Hill 1 Bedroom Apartments | $1,574 | $856 | $3,119 |
| Gambles Hill 2 Bedroom Apartments | $1,975 | $939 | $4,610 |
| Gambles Hill 3 Bedroom Apartments | $2,257 | $810 | $5,270 |
| Gambles Hill 4 Bedroom Apartments | $1,114 | $729 | $3,680 |
Browse Apartments in this Neighborhood
There are currently 175 rentals with your search options within a 2 mile radius of the Gambles Hill Neighborhood of Richmond, VA.
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Gambles Hill, Richmond, VA Local Guide
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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 Manchester Grand Apartments priced from $770. American Tobacco Collection has the second lowest priced unit, which is a 1 Bed apartment currently listed from $897. Here are the most affordable Gambles Hill apartments for rent in Richmond, VA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Manchester Grand Apartments | 1 Bedroom, 1 Bathroom | 1BR,1BA | $770 |
| American Tobacco Collection | ATC-A3 | 1BR,1BA | $897 |
| Eagle Mill Lofts | 2bed 2bth | 2BR,2BA | $950 |
| The Corner Lofts | 1 Bedroom 1 Bath - 44186 | 1BR,1BA | $980 |
| Van de Vyver | The Reserve | Studio,1BA | $998 |
| New Manchester Flats | The James | 1BR,1BA | $999 |
| Belle Summit | Rainer | 2BR,2BA | $1,020 |
| The Stables | 1 Bedroom 1 Bathroom | 1BR,1BA | $1,055 |
| Lofts and Upper Lofts at Canal Walk - Canal I and Canal II | Canal 236 Studio | Studio,1BA | $1,063 |
Best Value Apartments for Rent in Gambles Hill, VA
As of May 27, 2026 the best value apartment in the Gambles Hill area is the $1.24 price per square foot 2 Bedroom Penthouse Model at The Locks Tower in the in the Downtown Richmond neighborhood starting from $3,199. The second greatest value Gambles Hill apartment is the 2509 Seminary Ave Model at 2509 Seminary Ave, Unit # B starting at $1,395 with a $0.62 price per square foot in the Bellevue neighborhood. Here is today’s list of the best values for Gambles Hill apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Locks Tower | 2 Bedroom Penthouse | 2BR,2BA | $1.24 |
| 2509 Seminary Ave, Unit # B | 2509 Seminary Ave | 2BR,1BA | $0.62 |
| Park Plaza @ Belvidere | 2BR/2.0BA | 2BR,2BA | $1.33 |
| 209 E Main St | Unit 208 1A | 2BR,1BA | $1.36 |
| 210 E Grace St | 2 Bed/2 Bath | 2BR,2BA | $1.35 |
| 27th Townhomes | 2 Bedroom 1 Bath - 46973 | 2BR,1BA | $1.26 |
| Hatcher Tobacco Flats | 2X2 | 2BR,2BA | $1.17 |
| Mortons Apartments | 1BR/1.0BA | 1BR,1BA | $1.34 |
| Tobacco Landing | Two Bedroom | 2BR,2BA | $1.33 |
| Belle Summit | Rainer | 2BR,2BA | $1.21 |
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.
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!
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 $1,063.
What is the price of a cheap apartment in Gambles Hill?
The cheapest apartment in Gambles Hill is Manchester Grand Apartments which is listed at $770, while the average apartment in Gambles Hill costs $2,225.
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 $460 which is $1,765 cheaper than the average rent for all rentals in Gambles Hill.
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 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.

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 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.
Articles, How-To's, and Tips

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.