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from $849Studio to 3 Bedroom Apartments Available Now
Bloom Apartments II
3207 Chamberlayne AveRichmond, VA 23227
Cheap Apartments for Rent in the Highland Terrace Neighborhood of Richmond, VA from $400 (59 Rentals)
Search the lowest-cost Apartments available for rent right now in the Highland Terrace area of Richmond.
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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 $8502 Bedroom Apartments Available Now
4219 Chamberlayne Ave
4219 Chamberlayne AveRichmond, VA 23227
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from $9341 to 3 Bedroom Apartments Available Now
Highland Terrace Apartments
1224 E Brookland Park BlvdRichmond, VA 23222
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from $950Studio to 3 Bedroom Apartments Available Now
Eagle Mill Lofts
1418 W Marshall StRichmond, VA 23220
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from $995Studio to 2 Bedroom Apartments Available Now
210 E Grace St
206-212 E Grace StRichmond, VA 23219
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from $998Studio to 2 Bedroom Apartments Available Now
Van de Vyver
713 N 1st StRichmond, VA 23219
2105 Phaup St
RichmondVA23223
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from $1,0131 to 3 Bedroom Apartments Available Now
The Foundry Apartments
946 Sledd StRichmond, VA 23220
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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from $1,025Studio to 2 Bedroom Apartments Available Now
Grace & Monroe Apartments
401 W Grace StRichmond, VA 23220
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from $1,0301 to 3 Bedroom Apartments Available Aug 8
The Berkshire
300 W Franklin StRichmond, VA 23220
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from $1,049Studio to 3 Bedroom Apartments Available Now
Coliseum Lofts
1335-1387 W Broad StRichmond, VA 23220
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from $1,055Studio to 2 Bedroom Apartments Available Now
Saddlewood Apartments & Townhomes
3801 Elfstone LnRichmond, VA 23223
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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 Aug 22
1318 W. Broad St.
1318-1320 W Broad StRichmond, VA 23220
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from $1,109Studio to 3 Bedroom Apartments Available Now
The Mezzo Lofts
17 W Broad StRichmond, VA 23220
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from $1,1111 to 3 Bedroom Apartments Available Jul 13
Iron House Apartments
1309 W Broad StRichmond, VA 23220
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from $1,125Studio to 2 Bedroom Apartments Available Aug 6
The Biggs Building
900 W Marshall StRichmond, VA 23220
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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from $1,130Studio to 3 Bedroom Apartments Available Now
T and E Apartments
1011 W Marshall StRichmond, VA 23220
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from $1,144Studio to 3 Bedroom Apartments Available Now
District Square Apartments
111-117 W Marshall StRichmond, VA 23220
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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 $1,175Studio to 3 Bedroom Apartments Available Now
Spectrum Apartments
2017 Brook RdRichmond, VA 23220
513 Fritz St
RichmondVA23222
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3414 2nd Ave
RichmondVA23222
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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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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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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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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 | $1,181 | $850 | $2,457 |
| Highland Terrace 1 Bedroom Apartments | $1,493 | $849 | $2,998 |
| Highland Terrace 2 Bedroom Apartments | $1,801 | $799 | $4,341 |
| Highland Terrace 3 Bedroom Apartments | $2,131 | $699 | $4,050 |
| Highland Terrace 4 Bedroom Apartments | $1,147 | $599 | $3,710 |
Browse Apartments in this Neighborhood
There are currently 59 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 |
| Highland Terrace Apartments | 1-Bedroom | 1BR,1BA | $934 |
| Eagle Mill Lofts | 2bed 1bth | 2BR,1BA | $950 |
| Van de Vyver | The Reserve | Studio,1BA | $998 |
| The Foundry Apartments | One Bedroom | 1BR,1BA | $1,013 |
| Coliseum Lofts | E2.2 | Studio,1BA | $1,049 |
| Townsend Square | Townhomes starting at $1050.00- Now Accepting A... | 2BR,1BA | $1,050 |
| Saddlewood Apartments & Townhomes | Studio | Studio,1BA | $1,055 |
| Bellevue | Small 1 Bedroom | 1BR,1BA | $1,080 |
Best Value Apartments for Rent in Highland Terrace, VA
As of July 09, 2025 the best value apartment in the Highland Terrace area is the $1.47 price per square foot The Overbrook Model at The Westbrook Townhomes at Brewers Row in the in the Bellevue neighborhood starting from $4,050. The second greatest value Highland Terrace apartment is the 308 E Leigh St Model at 308 E Leigh St, Unit 1 starting at $2,470 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. |
|---|---|---|---|
| The Westbrook Townhomes at Brewers Row | The Overbrook | 3BR,2.5BA | $1.47 |
| 308 E Leigh St, Unit 1 | 308 E Leigh St | 3BR,2BA | $1.36 |
| Marshall Park | 4x2 - Priced Per Bedroom | 4BR,2BA | $0.51 |
| Park Plaza @ Belvidere | 2BR/2.0BA | 2BR,2BA | $1.36 |
| Townsend Square | Townhomes starting at $1050.00- Now Accepting A... | 2BR,1BA | $0.91 |
| 1510 W Broad St - Residential | 2BR/2.0BA | 2BR,2BA | $1.54 |
| 4306 Chamberlayne Ave | 1 Beds, 1 Baths | 1BR,1BA | $1.29 |
| Mallard Greens | TWO BEDROOMS JUST FOR YOU!! AVAILABLE NOW - WH... | 2BR,1BA | $1.33 |
| The Foundry Apartments | One Bedroom | 1BR,1BA | $1.61 |
| Highland Terrace Apartments | 1-Bedroom | 1BR,1BA | $1.55 |
Quick Rent Budget Calculator
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Pet Friendly LifestyleHighland Terrace, Richmond, VA
Ranked #59
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 $1,080.
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 $2,222.
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 99 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 $504 which is $1,718 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.
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.
The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.
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.