Cheap Homes for Rent in Richmond, VA from $600 (92 Rentals)

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Richmond, VA Local Guide

Cheapest Neighborhoods for Apartments in Richmond, VA

Pricing Updated: 11/06/2025

Current apartment rentals in the Richmond, VA area range in price from $553 to $11,515 with an overall median price of $2,692. The three Richmond neighborhoods with the lowest median rent pricing are Chestnut Hill at $649, Ginter Park at $899, and Cofer at $553. 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$1,550$64930
Ginter Park$1,564$89932
Cofer$1,565$553194
Belt Center$1,585$715149
McGuire Manor$1,585$715121
Northrop$1,585$715129
Southwood$1,585$715128
Jackson Ward$1,589$800103
Petersburg Chesterfield$1,600$799101
Woodhaven$1,600$715173

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
2001 EastStudio AStudio,1BA$804
Liberty Circle ApartmentsTHE HIGHLAND FLOOR PLAN - BEDROOM II4BR,2BA$820
Kingly Ones and Briarwood Court Apartments1 Bedroom1BR,1BA$825
Falling Creek ApartmentsA11BR,1BA$894
Bloom Apartments II1Bed/1Bath: 456 sq ft1BR,1BA$899
Towers on FranklinGoldStudio,1BA$900

Best Value Apartments for Rent in Richmond, VA

As of November 06, 2025 the best value apartment in the Richmond area is the $1.27 price per square foot Canal 236 2 Beds Model at Lofts and Upper Lofts at Canal Walk in the in the Downtown Richmond neighborhood starting from $1,651. The second greatest value Richmond apartment is the 2 Bedroom, 1.5 Bath Model at Cabin Creek Apartments starting at $1,445 with a $1.24 price per square foot . 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.
Lofts and Upper Lofts at Canal WalkCanal 236 2 BedsStudio ,1BA$1.27
Cabin Creek Apartments2 Bedroom, 1.5 Bath2BR,1.5BA$1.24
Townsend SquareTownhomes starting at $1050.00- Now Accepting A...2BR,1BA$0.91
Marshall Street Apartments1BR/1.0BA1BR,1BA$1.25
Townhouses Of ChesterfieldPine2BR,1.5BA$1.26
Village at the ArborsTwo Bedroom2BR,1BA$1.24
City View Place2 Bedroom Unit2BR,1.5BA$1.18
Carriage Club ApartmentsHighland1BR,1BA$1.26
Belle SummitRainer2BR,2BA$1.21
1527 Mechanicsville Tpke, Unit 11527 Mechanicsville Tpke1BR,1BA$1.17

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Pet Friendly Lifestyle
Richmond, VA

Ranked #6

Among cities in Virginia for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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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 1477 Apartments for Rent in Richmond, VA with pricing that ranges from $553 to $11,515. There are also 488 Single Family Homes for rent, Condos, and Townhome rentals currently available in Richmond ranging from $650 to $6,750.

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 $650 to $6,750 with an average monthly rent of $2,212.

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 $739 to $5,025, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,100 to $6,500. Four Bedroom Single-Family rentals are also available starting from $1,395 and Four Bedroom Apartments start at $649.

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.

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.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.