Cheap Homes for Rent in Richmond, VA from $600 (111 Rentals)

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property at 517 Mosby St

517 Mosby St

RichmondVA23223

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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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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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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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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Richmond, VA Local Guide

Cheapest Neighborhoods for Apartments in Richmond, VA

Pricing Updated: 06/23/2025

Current apartment rentals in the Richmond, VA area range in price from $599 to $12,782 with an overall median price of $3,180. The three Richmond neighborhoods with the lowest median rent pricing are Cullenwood at $715, McGuire Manor at $629, and Southwood at $629. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Richmond Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Cullenwood$1,555$71542
McGuire Manor$1,555$62986
Southwood$1,565$629101
Jeff Davis$1,575$71558
Woodhaven$1,600$629151
Deerbourne$1,630$71552
Jackson Ward$1,677$75084
Parnell Industrial Area$1,680$71574
Chestnut Hill$1,695$59919
Cypress Woods$1,835$1,24533

Cheapest Available Richmond Apartments for Rent

 

The cheapest available apartment rental in Richmond, VA is a 1 Bed unit found at Ashton Square Apartments in the Midlothian neighborhood priced from $629. Kingly Ones and Briarwood Court Apartments in the Broad Rock neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $825. Here is today’s list of the most affordable Richmond apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Ashton Square ApartmentsAshley1BR,1BA$629
Kingly Ones and Briarwood Court Apartments1 Bedroom1BR,1BA$825
Legacy at Imperial VillageStudioStudio,1BA$835
New Manchester FlatsThe Bainbridge2BR,1BA$837
Bloom Apartments II1Bed/1Bath: 463 sq ft1BR,1BA$849
Falling Creek ApartmentsA11BR,1BA$885
The Arbors Senior ApartmentsMove-in Special Now offering Reduced Rent - ...1BR,1BA$899
Cedarwood Manor1BR/1BA1BR,1BA$922
2001 EastA31BR,1BA$925
Highland Terrace Apartments1-Bedroom1BR,1BA$934

Best Value Apartments for Rent in Richmond, VA

As of June 23, 2025 the best value apartment in the Richmond 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 Richmond apartment is the 2BR/2.0BA Model at Marshall Street Apartments starting at $1,525 with a $1.22 price per square foot in the Downtown Richmond neighborhood. Here is today’s list of the best values for Richmond apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Marshall Park4x2 - Priced Per Bedroom4BR,2BA$0.51
Marshall Street Apartments2BR/2.0BA2BR,2BA$1.22
The Greens at Virginia Center2 Bedroom Garden2BR,2BA$1.28
The HudsonThe Perry1BR,1BA$1.11
Hatcher Tobacco Flats3X23BR,2BA$1.23
3002 Semmes Ave, Unit Downstairs3002 Semmes Ave2BR,1BA$1.02
City View Place2 Bedroom Unit2BR,1.5BA$1.18
4306 Chamberlayne Ave1 Beds, 1 Baths1BR,1BA$1.29
Belle SummitRainer2BR,2BA$1.21
Creekside Manor Apartments2 Beds, 1.5 baths2BR,1.5BA$1.21

Quick Rent Budget Calculator

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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.

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Richmond, VA Area Reviews

  • Cost of Living

Robin

February 25, 2025

All my life

Frequently Asked Questions about Richmond

What type of rentals are currently available in Richmond?

There are currently 1505 Apartments for Rent in Richmond, VA with pricing that ranges from $599 to $12,782. There are also 473 Single Family Homes for rent, Condos, and Townhome rentals currently available in Richmond ranging from $670 to $5,950.

What is the current price range for Rental Homes in Richmond?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Richmond ranges from $670 to $5,950 with an average monthly rent of $2,136.

How much are larger Three and Four Bedroom Rentals in Richmond?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Richmond range from $699 to $12,782, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,473 to $4,350. Four Bedroom Single-Family rentals are also available starting from $1,595 and Four Bedroom Apartments start at $599.

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.

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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.

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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.

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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.

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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.