Cheap Apartments for Rent in the Gambles Hill Neighborhood of Richmond, VA from $500 (172 Rentals)

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

property at 925 N 20th St

$925

Total Monthly Price

Total Monthly Price

Base Rent
$925

Total Monthly Price
$925

2 Bedroom, 1 Bath Home for Rent

Available Now

925 N 20th St

RichmondVA23223
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Towers on Franklin
$985 - $2,199
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$850 - $2,064
Required Monthly Fees
$135

Total Monthly Price
$985 - $2,199
Studio to 2 Bedroom Apartments Available Now

Towers on Franklin

104 W Franklin StRichmond, VA 23220
Student Housing
  • Verified
  • Customer Reviewed
  • 3D Tour
property at 1019 W Leigh St

$995

Total Monthly Price

Total Monthly Price

Base Rent
$995

Total Monthly Price
$995

1 Bedroom, 1 Bath Home for Rent

Available Now

1019 W Leigh St

RichmondVA23220

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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1130 W Grace St
$999
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$999

Total Monthly Price
$999
1 Bedroom Apartment Available Now

1130 W Grace St

1130 W Grace StRichmond, VA 23220
Furnished
  • Smoke Free
property at 404 W 27th St

$1,050

Total Monthly Price

Total Monthly Price

Base Rent
$1,050

Total Monthly Price
$1,050

1 Bedroom, 1 Bath Home for Rent

Available Now

404 W 27th St

RichmondVA23225
property at 927 N 20th St

$1,050

Total Monthly Price

Total Monthly Price

Base Rent
$1,050

Total Monthly Price
$1,050

1 Bedroom, 1 Bath Home for Rent

Available Now

927 N 20th St

RichmondVA23223
property at 22 S Robinson St

$1,050

Total Monthly Price

Total Monthly Price

Base Rent
$1,050

Total Monthly Price
$1,050

2 Bedroom, 1 Bath Home for Rent

Available Now

22 S Robinson St

RichmondVA23220

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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Coliseum Lofts
$1,082 - $2,825
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,070 - $2,813
Required Monthly Fees
$12

Total Monthly Price
$1,082 - $2,825
Studio to 3 Bedroom Apartments Available Now

Coliseum Lofts

1335-1387 W Broad StRichmond, VA 23220
Student Housing
  • Verified
  • Customer Reviewed
  • Utilities Included
property at 1905 Grayland Ave

$1,095 - $1,195

Total Monthly Price

Total Monthly Price

Base Rent
$1,095

Total Monthly Price
$1,095

2 Bedroom Rentals

Available Now

1905 Grayland Ave

RichmondVA23220

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.

property at 2915 Hull Street Rd

$1,150

Total Monthly Price

Total Monthly Price

Base Rent
$1,150

Total Monthly Price
$1,150

2 Bedroom, 1 Bath Home for Rent

Available Now

2915 Hull Street Rd

RichmondVA23224
property at 1209 Wallace St

$1,150

Total Monthly Price

Total Monthly Price

Base Rent
$1,150

Total Monthly Price
$1,150

1 To 3 Bedroom Rentals

Available Now

1209 Wallace St

RichmondVA23220

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.

property at 612 N 23rd St

$1,175

Total Monthly Price

Total Monthly Price

Base Rent
$1,175

Total Monthly Price
$1,175

1 Bedroom, 1 Bath Home for Rent

Available Now

612 N 23rd St

RichmondVA23223

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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 2 Beds unit found at New Manchester Flats priced from $835. Hatcher Tobacco Flats has the second lowest priced unit, which is a 1 Bed apartment currently listed from $933. Here are the most affordable Gambles Hill apartments for rent in Richmond, VA:

Apartment ListingModel NameBed/BathPriced From
New Manchester FlatsThe Maury2BR,2BA$835
Hatcher Tobacco Flats1X11BR,1BA$933
Towers on FranklinHarrisonStudio,1BA$985
Mortons Apartments1BR/1.0BA1BR,1BA$995
Van de VyverThe ReserveStudio,1BA$998
Hopper LoftsA21BR,1BA$999
Eagle Mill Lofts1 bed 1bth1BR,1BA$1,000
Jefferson Townhouses1X11BR,1BA$1,000
Belle SummitRainer2BR,2BA$1,020

Best Value Apartments for Rent in Gambles Hill, VA

As of February 24, 2026 the best value apartment in the Gambles Hill area is the $0.54 price per square foot 4x2 - Priced Per Bedroom Model at Marshall Park in the in the Downtown Richmond neighborhood starting from $800. The second greatest value Gambles Hill apartment is the Two Bed Two Bath Model at Broadway Apartments starting at $1,635 with a $1.20 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.
Marshall Park4x2 - Priced Per Bedroom4BR,2BA$0.54
Broadway ApartmentsTwo Bed Two Bath2BR,2BA$1.20
2106 Parkwood Ave, Unit 12106 Parkwood Ave2BR,2BA$1.33
110 E Cary St2 Beds 1 Bath2BR,1BA$1.35
Ascend RVA Student Living3X33BR,3BA$1.03
209 E Main StUnit 208A2BR,1BA$1.36
Lofts and Upper Lofts at Canal Walk IIIOne Bedroom1BR,1BA$1.23
Shockoe CollectionB3 - 2 Bed 2 Bath2BR,2BA$1.39
Marshall Street Apartments1 Bedroom 1 Bath - 360311BR,1BA$1.29
Belle SummitRainer2BR,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.

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

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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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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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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 $1,020.

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

The cheapest apartment in Gambles Hill is Hatcher Tobacco Flats which is listed at $933, while the average apartment in Gambles Hill costs $2,375.

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 258 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 $475 which is $1,900 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

decorative image for A Local Experts Guide To the Top Budget-Friendly Neighborhoods to Rent in Richmond, VA article

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.

decorative image for Your Guide to Picking the Perfect Richmond Neighborhood for Student Renters article

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.

Articles, How-To's, and Tips

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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.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.