Cheap Homes for Rent in Richmond, VA from $700 (60 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Homes available for rent right now in Richmond.

property at 2400 Perry St

$760

Total Monthly Price

Total Monthly Price

Base Rent
$760

Total Monthly Price
$760

1 Bedroom, 1 Bath Rentals

Available Now

2400 Perry St

RichmondVA23225

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.

property at 1010 E 16th St

$1,000

Total Monthly Price

Total Monthly Price

Base Rent
$1,000

Total Monthly Price
$1,000

3 Bedroom, 1 Bath Home for Rent

Available Now

1010 E 16th St

RichmondVA23224
property at 3511 Broad Rock Blvd

$1,026 - $1,450

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,026 - $1,450

Total Monthly Price
$1,026 - $1,450

Studio To 1 Bedroom Condos for Rent

Available Now

3511 Broad Rock Blvd

RichmondVA23234
property at 3525 Bolling Rd

$1,095

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,095

Total Monthly Price
$1,095

2 Bedroom, 1.5 Bath Home for Rent

Available Now

3525 Bolling Rd

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.

property at 100 E Union St

$1,150

Total Monthly Price

Total Monthly Price

Base Rent
$1,150

Total Monthly Price
$1,150

2 Bedroom, 1 Bath Home for Rent

Available Now

100 E Union St

SandstonVA23150
property at 5612 Crenshaw Rd

$1,150

Total Monthly Price

Total Monthly Price

Base Rent
$1,150

Total Monthly Price
$1,150

1 Bedroom, 1 Bath Condo for Rent

Available Apr 10

5612 Crenshaw Rd

RichmondVA23227
property at 2514 Q St

$1,175

Total Monthly Price

Total Monthly Price

Base Rent
$1,175

Total Monthly Price
$1,175

1 Bedroom, 1 Bath Home for Rent

Available Now

2514 Q St

RichmondVA23223
property at 3530 E Richmond Rd

$1,195

Total Monthly Price

Total Monthly Price

Base Rent
$1,195

Total Monthly Price
$1,195

2 Bedroom, 1 Bath Townhome for Rent

Available Now

3530 E Richmond Rd

RichmondVA23223
property at 3507 Bolling Rd

$1,250

Total Monthly Price

Total Monthly Price

Base Rent
$1,250

Total Monthly Price
$1,250

2 Bedroom, 1.5 Bath Home for Rent

Available Apr 10

3507 Bolling Rd

RichmondVA23223

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.

property at 3516 E Richmond Rd

$1,250

Total Monthly Price

Total Monthly Price

Base Rent
$1,250

Total Monthly Price
$1,250

2 Bedroom, 1 Bath Condo for Rent

Available Now

3516 E Richmond Rd

RichmondVA23223
property at 1400 Bainbridge St

$1,250 - $1,295

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,250

Total Monthly Price
$1,250

2 Bedroom Rentals

Available Now

1400 Bainbridge St

RichmondVA23224
property at 13 E Laburnum Ave

$1,267

Total Monthly Price

Total Monthly Price

Base Rent
$1,267

Total Monthly Price
$1,267

2 Bedroom, 1 Bath Home for Rent

Available Now

13 E Laburnum Ave

RichmondVA23222
property at 3119 4th Ave

$1,275

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,275

Total Monthly Price
$1,275

2 Bedroom, 1 Bath Townhome for Rent

Available Now

3119 4th Ave

RichmondVA23222
property at 2415 Alfalfa Ln

$1,295

Total Monthly Price

Total Monthly Price

Base Rent
$1,295

Total Monthly Price
$1,295

1 Bedroom, 1 Bath Condo for Rent

Available Now

2415 Alfalfa Ln

RichmondVA23237
property at 1601 N 30th St

$1,295

Total Monthly Price

Total Monthly Price

Base Rent
$1,295

Total Monthly Price
$1,295

2 Bedroom, 1 Bath Home for Rent

Available Now

1601 N 30th St

RichmondVA23223
property at 815 Porter St

$1,300

Total Monthly Price

Total Monthly Price

Base Rent
$1,300

Total Monthly Price
$1,300

1 Bedroom, 1 Bath Condo for Rent

Available Jun 10

815 Porter St

RichmondVA23224
property at 826 Azalea Ave

$1,300

Total Monthly Price

Total Monthly Price

Base Rent
$1,300

Total Monthly Price
$1,300

1 Bedroom, 1 Bath Home for Rent

Available Apr 15

826 Azalea Ave

RichmondVA23227
property at 1402 Bainbridge St

$1,300

Total Monthly Price

Total Monthly Price

Base Rent
$1,300

Total Monthly Price
$1,300

2 Bedroom Rentals

Available Now

1402 Bainbridge St

RichmondVA23224

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.

property at 301 Goshen St

$1,295 - $1,495

Total Monthly Price

Total Monthly Price

Base Rent
$1,325

Total Monthly Price
$1,325

Studio To 1 Bedroom Rentals

Available Now

301 Goshen St

RichmondVA23220
property at 3310 Frank Rd

$1,395

Total Monthly Price

Total Monthly Price

Base Rent
$1,395

Total Monthly Price
$1,395

2 Bedroom, 1 Bath Home for Rent

Available Apr 1

3310 Frank Rd

RichmondVA23234
property at 2718 Goolsby Ct

$1,395

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,395

Total Monthly Price
$1,395

2 Bedroom, 1 Bath Townhome for Rent

Available Now

2718 Goolsby Ct

RichmondVA23234
property at 1416 Minefee St

$1,399

Total Monthly Price

Total Monthly Price

Base Rent
$1,399

Total Monthly Price
$1,399

3 Bedroom, 1 Bath Home for Rent

Available Now

1416 Minefee St

RichmondVA23224
property at 3203 Delaware Ave

$1,400

Total Monthly Price

Total Monthly Price

Base Rent
$1,400

Total Monthly Price
$1,400

2 Bedroom, 1 Bath Home for Rent

Available Now

3203 Delaware Ave

RichmondVA23222
property at 3425 Carolina Ave

$1,400

Total Monthly Price

Total Monthly Price

Base Rent
$1,400

Total Monthly Price
$1,400

3 Bedroom Rentals

Available Now

3425 Carolina Ave

RichmondVA23222

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.

Richmond, VA Local Guide

Cheapest Neighborhoods for Apartments in Richmond, VA

Pricing Updated: 03/22/2026

Current apartment rentals in the Richmond, VA area range in price from $314 to $14,060 with an overall median price of $2,407. The three Richmond neighborhoods with the lowest median rent pricing are Chestnut Hill at $689, Jackson Ward at $800, and Forest Hill at $800. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Richmond Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Chestnut Hill$1,500$68933
Jackson Ward$1,580$800111
Forest Hill$1,604$800285
North Highland Park$1,650$689304
Cofer$1,672$553189
McGuire Manor$1,672$715132
Petersburg Colonial Heights$1,681$94230
Petersburg Chesterfield$1,681$31493
Hickory Hill$1,695$715114
Monroe Ward$1,708$995134

Cheapest Available Richmond Apartments for Rent

 

The cheapest available apartment rental in Richmond, VA is a 1 Bed unit found at New Manchester Flats in the East neighborhood priced from $553. Market Square in the Four Mile Run neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $671. Here is today’s list of the most affordable Richmond apartments for rent:

Apartment ListingModel NameBed/BathPriced From
New Manchester FlatsThe Decatur1BR,1BA$553
Market SquareMarket Woods One Bedroom1BR,1BA$671
Creighton Renaissance ApartmentsOne Bedroom - D1BR,1BA$770
Townhouses of Chesterfield IIMagnoliaStudio,1BA$809
Kingly Ones and Briarwood Court Apartments1 Bedroom1BR,1BA$825
Legacy at Imperial VillageStudioStudio,1BA$835
Bloom Apartments IIStudio 415 sq ftStudio,1BA$849
Falling Creek Apartments1 Bedroom1BR,1BA$892
6533 S Beulah RdBeulah Apartments1BR,1BA$895

Best Value Apartments for Rent in Richmond, VA

As of March 22, 2026 the best value apartment in the Richmond area is the $1.03 price per square foot 612 Hull St Model at 612 Hull St, Unit #301 in the in the Old South neighborhood starting from $3,895. The second greatest value Richmond apartment is the 2509 Seminary Ave Model at 2509 Seminary Ave, Unit # B starting at $1,475 with a $0.66 price per square foot in the Bellevue 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.
612 Hull St, Unit #301612 Hull St2BR,2.5BA$1.03
2509 Seminary Ave, Unit # B2509 Seminary Ave2BR,1BA$0.66
Jackson Pointe Townhomes3 Bedroom 2 Bath3BR,2BA$1.04
Marshall Park4x2 - Priced Per Bedroom4BR,2BA$0.54
Lofts and Upper Lofts at Canal Walk - Canal I and Canal IICanal 236 1 Bed1BR,1BA$0.98
Townsend SquareTownhomes starting at $1050.00- Now Accepting A...2BR,1BA$0.91
Highland Terrace Apartments2-Bedroom2BR,2BA$0.96
Glenwood Ridge Apartments2 bedroom2BR,2BA$1.13
City View Place2 Bedroom Unit2BR,1.5BA$1.18
Tobacco LandingTwo Bedroom2BR,2BA$1.14

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 Article
Decorative image

Don'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 Article
Decorative image

The 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 Article
Decorative image

Cash 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 Article
Decorative image

The 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 Article
Decorative image

Quick 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.

decorative image of people with a giant lease agreement

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Richmond, VA Rentals by Map

View Map
Richmond, VA Apartments Map
View Map
Richmond, VA Rental Homes Map

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 1514 Apartments for Rent in Richmond, VA with pricing that ranges from $553 to $6,967. There are also 388 Single Family Homes for rent, Condos, and Townhome rentals currently available in Richmond ranging from $730 to $5,850.

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 $730 to $5,850 with an average monthly rent of $2,261.

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 $759 to $6,967, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,000 to $4,350. Four Bedroom Single-Family rentals are also available starting from $1,637 and Four Bedroom Apartments start at $689.

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

decorative image for A Local Experts Guide To the Top Budget-Friendly Neighborhoods to Rent in Richmond, VA article

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.

decorative image for Your Guide to Picking the Perfect Richmond Neighborhood for Student Renters article

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.

decorative image for Explore The River City Like a Local: The Insiders Guide to Renting in Richmond, VA article

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

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

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.

decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

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.

decorative image for Renting with Roommates: Realistic Expectations for Shared Lease article

Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.