
Cheap Homes for Rent in Highland Terrace Neighborhood of Richmond, VA from $900 (23 Rentals)
Search the lowest-cost Homes available for rent right now in the Highland Terrace area of Richmond.


2818 Hanes Ave

611 Chamberlayne Pkwy

3503 Seminary Ave
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.

1703 Lamb Ave

411 W Duval St

14 W Broad St

2406 3rd Ave
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!

1333 W Broad St

817 Cheatwood Ave

1717 Rogers St

2115 Binford Ln
Richmond’s Best Affordable Neighborhoods
Learn about Richmond and the best affordable places to live by our Local Expert Richard Corrigan

123 E Broad St

800 Akron St

3200 Delaware Ave

2909 Montrose Ave, Unit 2909A
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.

3357 Dill Ave

2610 Harold Ave

106 E Leigh St

2010 Fairfield Ave
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.

10 S Laurel St

800 W Cary St

806 W Cary St
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 | $1,615 | $1,095 | $2,495 |
Highland Terrace 3 Bedroom Homes for Rent | $2,215 | $1,473 | $3,000 |
Highland Terrace 4 Bedroom Homes for Rent | $2,592 | $1,613 | $3,300 |
Highland Terrace 5 Bedroom Homes for Rent | $3,479 | $2,900 | $3,950 |
Browse Homes for Rent in this Neighborhood
There are currently 23 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 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 |
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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Frequently Asked Questions about Highland Terrace
What type of rentals are currently available in Highland Terrace?
There are currently 387 Apartments for Rent in Highland Terrace, VA with pricing that ranges from $700 to $5,056. There are also 107 Single Family Homes for rent, Condos, and Townhome rentals currently available in Highland Terrace ranging from $995 to $3,950.
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 $3,950 with an average monthly rent of $2,287.
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 $879 to $4,050, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,473 to $3,000. Four Bedroom Single-Family rentals are also available starting from $1,613 and Four Bedroom Apartments start at $750.
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.