
Cheap Homes for Rent in Richmond, VA from $700 (60 Rentals)
Search the lowest-cost Homes available for rent right now in Richmond.


2500 Bainbridge St

24 th PERRY St

2400 Perry St

600 Acreview Dr

6100 Strathmore Rd

27 W 27th St

2500 Bainbridge St

3114 Barton Ave

9999 Diane Ln
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.

1819 W Cary St

1819 W Cary St

3916 Chamberlayne Ave

1513 W Cary St

2574 Alcott Rd

1010 E 16th St

3511 Broad Rock Blvd

114 Virginia St

2604 Wayside Dr

3525 Bolling Rd
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.

1319 Minefee St

100 E Union St

5612 Crenshaw Rd

2514 Q St

3530 E Richmond Rd

5439 Remuda Dr

300 S Arthur Ashe Blvd

9000 Links Ln

403 Cleveland St

3507 Bolling Rd
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.

1006 Turner Rd

3516 E Richmond Rd

1400 Bainbridge St

13 E Laburnum Ave

3119 4th Ave

2415 Alfalfa Ln

1601 N 30th St

815 Porter St

826 Azalea Ave

1402 Bainbridge St
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.

301 Goshen St

9 S Brunswick St

3310 Frank Rd

2718 Goolsby Ct

1416 Minefee St

525 E Grace St

525 E Grace St

3203 Delaware Ave

9999 Links Ln

3425 Carolina 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.
Richmond, VA Local Guide

How much does it cost to rent a home in Richmond?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Richmond 2 Bedroom Homes for Rent | $1,840 | $1,095 | $3,300 |
| Richmond 3 Bedroom Homes for Rent | $2,254 | $1,000 | $4,350 |
| Richmond 4 Bedroom Homes for Rent | $2,564 | $1,637 | $5,000 |
| Richmond 5 Bedroom Homes for Rent | $3,437 | $2,200 | $5,850 |
| Richmond 6 Bedroom Homes for Rent | $3,036 | $3,036 | $3,036 |
Browse Top Homes for Rent in Richmond
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Richmond, VA Local Guide
- Richmond Neighborhoods
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Cheapest Neighborhoods for Apartments in Richmond, VA
Pricing Updated: 03/22/2026Current 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:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Chestnut Hill | $1,500 | $689 | 33 |
| Jackson Ward | $1,580 | $800 | 111 |
| Forest Hill | $1,604 | $800 | 285 |
| North Highland Park | $1,650 | $689 | 304 |
| Cofer | $1,672 | $553 | 189 |
| McGuire Manor | $1,672 | $715 | 132 |
| Petersburg Colonial Heights | $1,681 | $942 | 30 |
| Petersburg Chesterfield | $1,681 | $314 | 93 |
| Hickory Hill | $1,695 | $715 | 114 |
| Monroe Ward | $1,708 | $995 | 134 |
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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| New Manchester Flats | The Decatur | 1BR,1BA | $553 |
| Market Square | Market Woods One Bedroom | 1BR,1BA | $671 |
| Creighton Renaissance Apartments | One Bedroom - D | 1BR,1BA | $770 |
| Townhouses of Chesterfield II | Magnolia | Studio,1BA | $809 |
| Kingly Ones and Briarwood Court Apartments | 1 Bedroom | 1BR,1BA | $825 |
| Legacy at Imperial Village | Studio | Studio,1BA | $835 |
| Bloom Apartments II | Studio 415 sq ft | Studio,1BA | $849 |
| Falling Creek Apartments | 1 Bedroom | 1BR,1BA | $892 |
| 6533 S Beulah Rd | Beulah Apartments | 1BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 612 Hull St, Unit #301 | 612 Hull St | 2BR,2.5BA | $1.03 |
| 2509 Seminary Ave, Unit # B | 2509 Seminary Ave | 2BR,1BA | $0.66 |
| Jackson Pointe Townhomes | 3 Bedroom 2 Bath | 3BR,2BA | $1.04 |
| Marshall Park | 4x2 - Priced Per Bedroom | 4BR,2BA | $0.54 |
| Lofts and Upper Lofts at Canal Walk - Canal I and Canal II | Canal 236 1 Bed | 1BR,1BA | $0.98 |
| Townsend Square | Townhomes starting at $1050.00- Now Accepting A... | 2BR,1BA | $0.91 |
| Highland Terrace Apartments | 2-Bedroom | 2BR,2BA | $0.96 |
| Glenwood Ridge Apartments | 2 bedroom | 2BR,2BA | $1.13 |
| City View Place | 2 Bedroom Unit | 2BR,1.5BA | $1.18 |
| Tobacco Landing | Two Bedroom | 2BR,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 ArticleDon'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 ArticleThe 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 ArticleCash 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 ArticleThe 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 ArticleQuick 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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Richmond, VA Rentals by Map
See the most popular apartments and homes in Richmond, VA
Richmond, VA Area Reviews
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February 25, 2025All 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

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.

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.

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

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.

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.

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.

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.