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from $7001 Bedroom Apartment Available Now
1527 Mechanicsville Tpke, Unit 3
1527 Mechanicsville TpkeRichmond, VA 23223
Cheap Apartments for Rent in the Highland Terrace Neighborhood of Richmond, VA from $400 (60 Rentals)
Search the lowest-cost Apartments available for rent right now in the Highland Terrace area of Richmond.
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from $849Studio to 3 Bedroom Apartments Available Now
Bloom Apartments II
3207 Chamberlayne AveRichmond, VA 23227
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from $850Studio to 2 Bedroom Apartments Available Now
Towers on Franklin
104 W Franklin StRichmond, VA 23220
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from $950Studio to 3 Bedroom Apartments Available Now
Eagle Mill Lofts
1418 W Marshall StRichmond, VA 23220
4905 Chamberlayne Ave
RichmondVA23227
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from $955Studio to 3 Bedroom Apartments Available Now
Coliseum Lofts
1335-1387 W Broad StRichmond, VA 23220
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from $995Studio to 2 Bedroom Apartments Available Jun 15
210 E Grace St
206-212 E Grace StRichmond, VA 23219
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from $1,0131 to 3 Bedroom Apartments Contact Us For Availability
The Foundry Apartments
946 Sledd StRichmond, VA 23220
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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.
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Rent Specials
from $1,041Studio to 3 Bedroom Apartments Available Now
Sphere Apartments
2005 Brook RdRichmond, VA 23220
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from $1,055Studio to 2 Bedroom Apartments Available Jun 22
Saddlewood Apartments & Townhomes
3801 Elfstone LnRichmond, VA 23223
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from $1,0741 to 3 Bedroom Apartments Available Now
Iron House Apartments
1309 W Broad StRichmond, VA 23220
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from $1,0801 to 3 Bedroom Apartments Available Now
Bellevue
3943-#1 Chamberlayne AveRichmond, VA 23227
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from $1,0951 to 3 Bedroom Apartments Available Jul 4
1318 W. Broad St.
1318-1320 W Broad StRichmond, VA 23220
1703 Lamb Ave
RichmondVA23222
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from $1,1041 to 2 Bedroom Apartments Available Now
District Square Apartments
111-117 W Marshall StRichmond, VA 23220
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from $1,125Studio to 2 Bedroom Apartments Available Now
The Biggs Building
900 W Marshall StRichmond, VA 23220
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from $1,129Studio to 3 Bedroom Apartments Available Now
The Mezzo Lofts
17 W Broad StRichmond, VA 23220
Highland Terrace - One of the Best Affordable Neighborhoods in Richmond
Named as one of the Best Affordable Neighborhoods to rent in Richmond by our Local Expert Richard Corrigan. See how it ranks!
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from $1,130Studio to 3 Bedroom Apartments Available Jun 30
T and E Apartments
1011 W Marshall StRichmond, VA 23220
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from $1,1401 to 3 Bedroom Apartments Available Now
Highland Terrace Apartments
1224 E Brookland Park BlvdRichmond, VA 23222
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from $1,1531 to 2 Bedroom Apartments Available Now
1510 W Broad St - Residential
1510 W Broad StRichmond, VA 23220
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from $1,161Studio to 3 Bedroom Apartments Available Now
Grace & Monroe Apartments
401 W Grace StRichmond, VA 23220
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from $1,175Studio to 3 Bedroom Apartments Available Now
Spectrum Apartments
2017 Brook RdRichmond, VA 23220
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from $1,2002 Bedroom Apartments Available Now
Victory at Edgewood
401 Winston StRichmond, VA 23222
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Richmond’s Best Affordable Neighborhoods
Learn about Richmond and the best affordable places to live by our Local Expert Richard Corrigan
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Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.
Highland Terrace, Richmond, VA Local Guide
How much does it cost to rent an apartment in Highland Terrace?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Highland Terrace Studio Apartments | $1,195 | $850 | $3,116 |
| Highland Terrace 1 Bedroom Apartments | $1,490 | $700 | $4,136 |
| Highland Terrace 2 Bedroom Apartments | $1,845 | $939 | $5,056 |
| Highland Terrace 3 Bedroom Apartments | $2,196 | $879 | $4,050 |
| Highland Terrace 4 Bedroom Apartments | $1,086 | $750 | $3,100 |
Browse Apartments in this Neighborhood
There are currently 60 rentals with your search options within a 2 mile radius of the Highland Terrace Neighborhood of Richmond, VA.
See all Apartments in RichmondExplore Richmond
Highland Terrace, Richmond, VA Local Guide
- Nearby Richmond neighborhoods
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Cheapest Available Highland Terrace Apartments for Rent
The cheapest available apartment rental in the Highland Terrace area of Richmond, VA is a 1 Bed unit found at Bloom Apartments II priced from $849. Towers on Franklin has the second lowest priced unit, which is a Studio apartment currently listed from $850. Here are the most affordable Highland Terrace apartments for rent in Richmond, VA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Bloom Apartments II | 1Bed/1Bath: 463 sq ft | 1BR,1BA | $849 |
| Towers on Franklin | Harrison | Studio,1BA | $850 |
| Eagle Mill Lofts | 2bed 1bth | 2BR,1BA | $950 |
| Townsend Square | Townhomes starting at $1000.00- Now Accepting A... | 2BR,1BA | $1,000 |
| 4306 Chamberlayne Ave | 1 Beds, 1 Baths | 1BR,1BA | $1,075 |
| Mallard Greens | TWO BEDROOMS JUST FOR YOU!! AVAILABLE NOW - WH... | 2BR,1BA | $1,103 |
| District Square Apartments | 1Bd1Ba--590 | 1BR,1BA | $1,104 |
| Highland Terrace Apartments | 1-Bedroom | 1BR,1BA | $1,140 |
| Parc View at Commonwealth | D5 - Penthouse | 4BR,4BA | $1,145 |
Best Value Apartments for Rent in Highland Terrace, VA
As of May 10, 2025 the best value apartment in the Highland Terrace area is the $0.51 price per square foot 4x2 - Priced Per Bedroom Model at Marshall Park in the in the Downtown Richmond neighborhood starting from $750. The second greatest value Highland Terrace apartment is the 16 W Broad St Model at 16 W Broad St, Unit Apartment 1 starting at $1,900 with a $1.36 price per square foot in the Downtown Richmond neighborhood. Here is today’s list of the best values for Highland Terrace apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Marshall Park | 4x2 - Priced Per Bedroom | 4BR,2BA | $0.51 |
| 16 W Broad St, Unit Apartment 1 | 16 W Broad St | 3BR,2BA | $1.36 |
| Park Plaza @ Belvidere | 2BR/2.0BA | 2BR,2BA | $1.37 |
| 1204 E Brookland Park Blvd, Unit 1 | 1204 E Brookland Park Blvd | 3BR,1BA | $1.37 |
| 1321 Floyd Ave, Unit 1 | 1321 Floyd Ave | 2BR,1BA | $1.58 |
| Townsend Square | Townhomes starting at $1000.00- Now Accepting A... | 2BR,1BA | $0.87 |
| The Berkshire | Park | 1BR,1BA | $1.34 |
| 4306 Chamberlayne Ave | 1 Beds, 1 Baths | 1BR,1BA | $1.23 |
| Mallard Greens | TWO BEDROOMS JUST FOR YOU!! AVAILABLE NOW - WH... | 2BR,1BA | $1.33 |
| 1527 Mechanicsville Tpke, Unit 3 | 1527 Mechanicsville Tpke | 1BR,1BA | $1.17 |
Quick Rent Budget Calculator
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Pet Friendly LifestyleHighland Terrace, Richmond, VA
Ranked #72
Among neighborhoods in Richmond, VA for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in Highland Terrace, Richmond, VA
School data provided by Great Schools
Lifestyle Ratings
ApartmentHomeLiving brings you Lifestyle Ratings of neighborhoods, areas, and rental properties across Virginia and customized analysis for Central Richmond. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including filtering automatically for the best outdoor access, luxury housing options, kid and pet-friendly communities, availability of transit options, and other valuable search options. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!
Getting Around the Highland Terrace Neighborhood in Richmond, VA
Walk Score®
67 / 100
Somewhat Walkable
Some errands can be accomplished on foot
Bike Score®
47 / 100
Somewhat Bikeable
Minimal bike infrastructure
Transit Score®
37 / 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 Highland Terrace Apartments
What is a cheap apartment in Highland Terrace?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Highland Terrace is under $1,145.
What is the price of a cheap apartment in Highland Terrace?
The cheapest apartment in Highland Terrace is Bloom Apartments II which is listed at $849, while the average apartment in Highland Terrace costs $3,400.
What types of apartments are the cheapest in Highland 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 112 regular apartments in Highland 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 Highland Terrace?
Cheap apartments in Highland Terrace have an average cost of $449 which is $2,951 cheaper than the average rent for all rentals in Highland 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.
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.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.
The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.
Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.