Cheap Homes for Rent in Richmond, VA from $700 (86 Rentals)

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

property at 1411 Hopkins Rd

$700

Total Monthly Price1 Month Lease Term

Total Monthly Price

Base Rent
$700

Total Monthly Price
$700

1 Bedroom, 1 Bath Home for Rent

Available Now

1411 Hopkins Rd

RichmondVA23224
property at 517 Mosby St

$775

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$775

Total Monthly Price
$775

1 Bedroom, 2 Bath Home for Rent

Available Now

517 Mosby St

RichmondVA23223
property at 4202 Gladewater Rd

$950

Total Monthly Price6 Month Lease Term

Total Monthly Price

Base Rent
$950

Total Monthly Price
$950

1 Bedroom, 1 Bath Home for Rent

Available Now

4202 Gladewater Rd

RichmondVA23294
property at 1208 Hull St

$950

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$950

Total Monthly Price
$950

1 Bedroom, 1 Bath Home for Rent

Available Now

1208 Hull St, Unit 3

1208 Hull St
RichmondVA23224

The Richmond Renter's Guide to Living Near Work

Get the inside scoop on Richmond's most livable neighborhoods and find the perfect apartment close to where you work. Our local expert breaks it all down by the city's top employers like VCU Health and Costar.

property at 714 Lakeside Blvd

$950

Total Monthly Price6 Month Lease Term

Total Monthly Price

Base Rent
$950

Total Monthly Price
$950

1 Bedroom, 2 Bath Home for Rent

Available Now

714 Lakeside Blvd

RichmondVA23227
property at 5423 Remuda Dr

$995

Total Monthly Price

Total Monthly Price

Base Rent
$995

Total Monthly Price
$995

2 Bedroom, 1 Bath Condo for Rent

Available Sep 15

5423 Remuda Dr

RichmondVA23234
property at 2100 Phaup St

$995

Total Monthly Price

Total Monthly Price

Base Rent
$995

Total Monthly Price
$995

2 Bedroom, 1 Bath Condo for Rent

Available Now

2100 Phaup St

RichmondVA23223
property at 1822 Chicago Ave

$995

Total Monthly Price

Total Monthly Price

Base Rent
$995

Total Monthly Price
$995

2 Bedroom, 1 Bath Condo for Rent

Available Oct 16

1822 Chicago Ave

RichmondVA23224
property at 2305 Alfalfa Ln

$995

Total Monthly Price

Total Monthly Price

Base Rent
$995

Total Monthly Price
$995

1 Bedroom, 1 Bath Condo for Rent

Available Now

2305 Alfalfa Ln

RichmondVA23237

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

property at 2110 Phaup St

$995

Total Monthly Price

Total Monthly Price

Base Rent
$995

Total Monthly Price
$995

2 Bedroom, 1 Bath Condo for Rent

Available Now

2110 Phaup St

RichmondVA23223
property at 4111 Kinsley Ave

$1,045

Total Monthly Price

Total Monthly Price

Base Rent
$1,045

Total Monthly Price
$1,045

2 Bedroom, 1 Bath Condo for Rent

Available Now

4111 Kinsley Ave

RichmondVA23224
property at 2016 4th Ave

$1,050

Total Monthly Price

Total Monthly Price

Base Rent
$1,050

Total Monthly Price
$1,050

2 Bedroom, 1 Bath Condo for Rent

Available Aug 21

2016 4th Ave

RichmondVA23222
property at 6401 Stuart Ave

$1,050

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,050

Total Monthly Price
$1,050

1 Bedroom, 1 Bath Home for Rent

Available Sep 19

6401 Stuart Ave

RichmondVA23226
property at 3503 Bolling Rd

$1,090

Total Monthly Price

Total Monthly Price

Base Rent
$1,090

Total Monthly Price
$1,090

2 Bedroom, 1.5 Bath Home for Rent

Available Now

3503 Bolling Rd

RichmondVA23223
property at 1229 Nelson St

$1,095

Total Monthly Price

Total Monthly Price

Base Rent
$1,095

Total Monthly Price
$1,095

2 Bedroom, 1 Bath Condo for Rent

Available Now

1229 Nelson St

RichmondVA23231
property at 2403 5th Ave

$1,100

Total Monthly Price

Total Monthly Price

Base Rent
$1,100

Total Monthly Price
$1,100

2 Bedroom, 1 Bath Townhome for Rent

Available Sep 10

2403 5th Ave

RichmondVA23222
property at 7 W 13th St

$1,100

Total Monthly Price

Total Monthly Price

Base Rent
$1,100

Total Monthly Price
$1,100

1 Bedroom, 1 Bath Condo for Rent

Available Now

7 W 13th St

RichmondVA23224

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 4303 Britannia Rd

$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 Sep 10

4303 Britannia Rd

RichmondVA23234
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 2603 5th Ave

$1,195

Total Monthly Price

Total Monthly Price

Base Rent
$1,195

Total Monthly Price
$1,195

2 Bedroom, 1 Bath Condo for Rent

Available Now

2603 5th Ave

RichmondVA23222
property at 7135 Wentworth St

$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

7135 Wentworth St

RichmondVA23237
property at 9410 Links Ln

$1,200

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,200

Total Monthly Price
$1,200

2 Bedroom, 2 Bath Condo for Rent

Available Now

9410 Links Ln

Glen AllenVA23059

Richmond’s Best Affordable Neighborhoods

Learn about Richmond and the best affordable places to live by our Local Expert Richard Corrigan

property at 3119 4th Ave

$1,225

Total Monthly Price

Total Monthly Price

Base Rent
$1,225

Total Monthly Price
$1,225

2 Bedroom, 1 Bath Townhome for Rent

Available Now

3119 4th Ave

RichmondVA23222
property at 801 Brassie Ln

$1,240

Total Monthly Price

Total Monthly Price

Base Rent
$1,240

Total Monthly Price
$1,240

1 Bedroom, 1 Bath Home for Rent

Available Aug 26

801 Brassie Ln

Glen AllenVA23059
property at 815 Porter St

$1,295

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,295

Total Monthly Price
$1,295

1 Bedroom, 1 Bath Condo for Rent

Available Now

815 Porter St, Unit 111

815 Porter St
RichmondVA23224
property at 1708 Carlisle Ave

$1,295

Total Monthly Price

Total Monthly Price

Base Rent
$1,295

Total Monthly Price
$1,295

2 Bedroom, 1 Bath Townhome for Rent

Available Now

1708 Carlisle Ave

RichmondVA23231
property at 1514 Bainbridge St

$1,299

Total Monthly Price

Total Monthly Price

Base Rent
$1,299

Total Monthly Price
$1,299

2 Bedroom, 1 Bath Condo for Rent

Available Now

1514 Bainbridge St

RichmondVA23224

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

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Richmond, VA Local Guide

Cheapest Neighborhoods for Apartments in Richmond, VA

Pricing Updated: 08/08/2026

Current apartment rentals in the Richmond, VA area range in price from $566 to $15,921 with an overall median price of $1,665. The three Richmond neighborhoods with the lowest median rent pricing are Chestnut Hill at $1,155, Cofer at $1,215, and Cherry Gardens at $1,228. 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$1,155$72916
Cofer$1,215$715215
Cherry Gardens$1,228$715208
Ginter Park$1,259$79924
Petersburg Chesterfield$1,270$1,00015
McGuire Manor$1,275$715115
Cullenwood$1,291$71543
Jeff Davis$1,295$71559
Petersburg Colonial Heights$1,300$94240
Jackson Ward$1,314$99833

Cheapest Available Richmond Apartments for Rent

 

The cheapest available apartment rental in Richmond, VA is a 2 Beds unit found at Lambert Landing I in the Cypress Woods neighborhood priced from $582. 11 E Broad St in the Downtown Richmond neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $749. Here is today’s list of the most affordable Richmond apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Lambert Landing I2 Bdrm 951 sqft2BR,1BA$582
11 E Broad St1 Beds, 1 Baths1BR,1BA$749
Manchester Grand Apartments1 Bedroom, 1 Bathroom1BR,1BA$770
Bloom Apartments II1Bed/1Bath: 456 sq ft1BR,1BA$799
Kingly Ones and Briarwood Court Apartments1 Bedroom1BR,1BA$825
Legacy at Imperial VillageStudioStudio,1BA$835
Lofts and Upper Lofts at Canal Walk IIIStudioStudio,1BA$900
Hatcher Tobacco Flats1X11BR,1BA$933

Best Value Apartments for Rent in Richmond, VA

As of August 08, 2026 the best value apartment in the Richmond area is the $0.59 price per square foot 2509 Seminary Ave Model at 2509 Seminary Ave, Unit # B in the in the Bellevue neighborhood starting from $1,325. The second greatest value Richmond apartment is the 1301 Idlewood Ave Model at 1301 Idlewood Ave, Unit 1301 starting at $926 with a $0.58 price per square foot in the Near West 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.
2509 Seminary Ave, Unit # B2509 Seminary Ave2BR,1BA$0.59
1301 Idlewood Ave, Unit 13011301 Idlewood Ave4BR,2BA$0.58
Oxford Square Apartments2 Beds, 1.5 Baths2BR,1.5BA$0.91
Townsend SquareTownhomes starting at $1080.00- Now Accepting A...2BR,1BA$0.94
2524 Noel St, Unit 2524-A Noel St2524 Noel St1BR,1BA$1.00
7800 Maris Rd, Unit 7800 Maris Rd7800 Maris Rd1BR,1BA$1.00
7815 Maris Rd, Unit 7815 Maris Rd7815 Maris Rd1BR,1BA$1.00
2507 Noel St, Unit 2507 Noel St2507 Noel St1BR,1BA$1.00
7811 Maris Rd, Unit 7811 Maris Rd7811 Maris Rd1BR,1BA$1.00
Glenwood Ridge Apartments2 bedroom2BR,2BA$1.13

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.

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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

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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

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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 1542 Apartments for Rent in Richmond, VA with pricing that ranges from $566 to $15,921. There are also 498 Single Family Homes for rent, Condos, and Townhome rentals currently available in Richmond ranging from $700 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 $700 to $5,850 with an average monthly rent of $2,098.

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 $819 to $15,921, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,495 to $3,900. Four Bedroom Single-Family rentals are also available starting from $1,650 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

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Your Richmond Neighborhood Guide: Living Near the City's Top Employers

Written by: Richard Corrigan

Richmond is a beautiful place to live and work. The city has something for everyone—historic charm, trendy shops and boutiques, world-class restaurants and amazing urban parks and green spaces.

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Explore The River City Like a Local: The Insider's 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.

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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.

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A Local Expert's 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.

Articles, How-To's, and Tips

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

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Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

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Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

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There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.