Cheap Homes for Rent in Richmond, VA from $700 (78 Rentals)

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property at 815 Porter St

815 Porter St

RichmondVA23224
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Richmond, VA Local Guide

Cheapest Neighborhoods for Apartments in Richmond, VA

Pricing Updated: 07/24/2025

Current apartment rentals in the Richmond, VA area range in price from $599 to $9,152 with an overall median price of $2,484. The three Richmond neighborhoods with the lowest median rent pricing are Ginter Park at $849, Southwood at $629, and Petersburg Chesterfield at $799. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Richmond Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Ginter Park$1,530$84922
Southwood$1,579$629113
Petersburg Chesterfield$1,626$79996
Jackson Ward$1,650$75069
McGuire Manor$1,655$629112
Broad Rock Industrial Park$1,685$629219
Four Mile Run$1,690$88570
Woodhaven$1,730$629166
Chestnut Hill$1,732$59931
Forest Hill$1,740$629270

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
Falling Creek ApartmentsA11BR,1BA$885
Bloom Apartments II1Bed/1Bath: 456 sq ft1BR,1BA$899
Towers on FranklinGoldStudio,1BA$900
Cedarwood Manor1BR/1BA1BR,1BA$922
Eagle Mill Lofts2bed 1bth2BR,1BA$950
Southwood Apartments1 Bed, 1 bath1BR,1BA$955

Best Value Apartments for Rent in Richmond, VA

As of July 24, 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 1300 Grove Ave Model at 1300 Grove Ave, Unit 3 starting at $1,525 with a $1.17 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.
Marshall Park4x2 - Priced Per Bedroom4BR,2BA$0.51
1300 Grove Ave, Unit 31300 Grove Ave2BR,1BA$1.17
1710 East Franklin Street1BR/1.0BA1BR,1BA$1.03
Cabin Creek Apartments2 Bedroom, 1.5 Bath2BR,1.5BA$1.24
Townsend SquareTownhomes starting at $1050.00- Now Accepting A...2BR,1BA$0.91
Hatcher Tobacco Flats3X23BR,2BA$1.23
City View Place2 Bedroom Unit2BR,1.5BA$1.18
Alexander at 1090Humboldt2BR,2BA$1.25
Belle SummitRainer2BR,2BA$1.21
Creekside Manor Apartments2 Beds, 1.5 baths2BR,1.5BA$1.21

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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 $9,152. There are also 476 Single Family Homes for rent, Condos, and Townhome rentals currently available in Richmond ranging from $700 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 $700 to $5,950 with an average monthly rent of $2,058.

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 $9,152, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,350 to $5,800. Four Bedroom Single-Family rentals are also available starting from $1,525 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.

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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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.

decorative image for The Art of the Rental Viewing: What to look for during a property tour article

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.