
Cheap Homes for Rent in Highland Terrace Neighborhood of Richmond, VA from $900 (26 Rentals)
Search the lowest-cost Homes available for rent right now in the Highland Terrace area of Richmond.


2100 Phaup St

2104 Phaup St, Unit D

3916 Chamberlayne Ave

3012 Chamberlayne Ave, Unit 101

3013 2nd Ave, Unit B
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.

3525 Bolling Rd

3507 Bolling Rd

3119 4th Ave

301 Goshen St

3303 Branch Ave

9 S Brunswick St
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.

9 S Brunswick St

505 W Grace St, Unit APT B

301 Goshen St, Unit 2F

3203 Delaware Ave

3425 Carolina Ave

421 W Grace St, Unit 100
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.

404 W Grace St, Unit 3

1806 Mechanicsville Tpke

3915 E Chatham Dr

1521 Mechanicsville Tpke

516 N 3rd St

2811 Neale St
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.

515 Hunt Ave

306 St Claire Ln
Highland Terrace, Richmond, VA Local Guide

How much does it cost to rent a home in Highland Terrace?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Highland Terrace 2 Bedroom Homes for Rent | $1,556 | $995 | $2,000 |
| Highland Terrace 3 Bedroom Homes for Rent | $2,113 | $1,300 | $3,000 |
| Highland Terrace 4 Bedroom Homes for Rent | $2,535 | $1,495 | $3,495 |
| Highland Terrace 5 Bedroom Homes for Rent | $2,995 | $2,995 | $2,995 |
Browse Homes for Rent in this Neighborhood
There are currently 26 rentals with your search options within a 2 mile radius of the Highland Terrace Neighborhood of Richmond, VA.
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Highland Terrace, Richmond, VA Local Guide
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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 Creighton Renaissance Apartments priced from $770. Bloom Apartments II has the second lowest priced unit, which is a 1 Bed apartment currently listed from $849. Here are the most affordable Highland Terrace apartments for rent in Richmond, VA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Creighton Renaissance Apartments | One Bedroom - C | 1BR,1BA | $770 |
| Bloom Apartments II | 1Bed/1Bath: 463 sq ft | 1BR,1BA | $849 |
| Highland Terrace Apartments | 2-Bedroom | 2BR,2BA | $946 |
| Eagle Mill Lofts | 2bed 2bth | 2BR,2BA | $950 |
| The Mezzo Lofts | Montage Gallery - Studios | Studio,1BA | $977 |
| Towers on Franklin | Harrison | Studio,1BA | $985 |
| Mortons Apartments | 1BR/1.0BA | 1BR,1BA | $995 |
| Van de Vyver | The Reserve | Studio,1BA | $998 |
| The Foundry Apartments | One Bedroom | 1BR,1BA | $1,013 |
Best Value Apartments for Rent in Highland Terrace, VA
As of April 14, 2026 the best value apartment in the Highland Terrace area is the $0.66 price per square foot 2509 Seminary Ave Model at 2509 Seminary Ave, Unit # B in the in the Bellevue neighborhood starting from $1,475. The second greatest value Highland Terrace apartment is the 4x2 - Priced Per Bedroom Model at Marshall Park starting at $800 with a $0.54 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. |
|---|---|---|---|
| 2509 Seminary Ave, Unit # B | 2509 Seminary Ave | 2BR,1BA | $0.66 |
| Marshall Park | 4x2 - Priced Per Bedroom | 4BR,2BA | $0.54 |
| Broadway Apartments | Two Bed Two Bath | 2BR,2BA | $1.26 |
| Townsend Square | Townhomes starting at $1050.00- Now Accepting A... | 2BR,1BA | $0.91 |
| 210 E Grace St | 2 Bed/2 Bath | 2BR,2BA | $1.35 |
| 4306 Chamberlayne Ave | 1 Beds, 1 Baths | 1BR,1BA | $1.20 |
| 1510 W. Broad Street | 1 Bedroom / 1 Bath - 599sqft | 1BR,1BA | $1.32 |
| Mallard Greens | Spring Fever at Mallard Greens (No Cure Needed!) | 2BR,1BA | $1.33 |
| Mortons Apartments | 1BR/1.0BA | 1BR,1BA | $1.29 |
| 1527 Mechanicsville Tpke | 1527 Mechanicsville Tpke | 1BR,1BA | $1.17 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon'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 Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash 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.
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 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.
Pet Friendly LifestyleHighland Terrace, Richmond, VA
Ranked #62
Among cities in Virginia 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
Frequently Asked Questions about Highland Terrace
What type of rentals are currently available in Highland Terrace?
There are currently 396 Apartments for Rent in Highland Terrace, VA with pricing that ranges from $700 to $3,800. There are also 78 Single Family Homes for rent, Condos, and Townhome rentals currently available in Highland Terrace ranging from $995 to $3,495.
What is the current price range for Rental Homes in Highland Terrace?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Highland Terrace ranges from $995 to $3,495 with an average monthly rent of $2,130.
How much are larger Three and Four Bedroom Rentals in Highland Terrace?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Highland Terrace range from $779 to $3,800, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,300 to $3,000. Four Bedroom Single-Family rentals are also available starting from $1,495 and Four Bedroom Apartments start at $729.
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

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.

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.

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.