
Cheap Homes for Rent in Richmond, VA from $700 (86 Rentals)
Search the lowest-cost Homes available for rent right now in Richmond.


600 Acreview Dr

517 Mosby St

2500 Bainbridge St

9999 Diane Ln

3018 Columbia St

7624 Lady Blair Ln

9999 Diane Ln

4202 Gladewater Rd

1208 Hull St, Unit 3
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.

714 Lakeside Blvd

2500 Bainbridge St

1211 1/2 W Leigh St

516 S Pine St, Unit 2

3012 Chamberlayne Ave, Unit 108

615 N 32nd St, Unit C

5423 Remuda Dr

2100 Phaup St

1822 Chicago Ave

2305 Alfalfa Ln
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.

2110 Phaup St

4111 Kinsley Ave

2016 4th Ave

6401 Stuart Ave

3503 Bolling Rd

302 Goshen St, Unit 106

1229 Nelson St

Total Monthly Price
2582 Alcott Rd, Unit Apt C

2403 5th Ave

7 W 13th St
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.

4303 Britannia Rd

2514 Q St

2603 5th Ave

7135 Wentworth St

503 E Main St, Unit 204

311 W Franklin St, Unit 1105

400 W Grace St, Unit 3

615 N 32nd St, Unit A

9410 Links Ln

9000 Links Ln
Richmond’s Best Affordable Neighborhoods
Learn about Richmond and the best affordable places to live by our Local Expert Richard Corrigan

3119 4th Ave

801 Brassie Ln

3949 Keswick Pl

219 S Cherry St, Unit 2A

5225 Collindale Rd

311 W Franklin St, Unit 911

815 Porter St, Unit 111

1708 Carlisle Ave

105 E 32nd St

1514 Bainbridge St
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
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 | $1,736 | $995 | $3,100 |
| Richmond 3 Bedroom Homes for Rent | $2,278 | $1,495 | $3,900 |
| Richmond 4 Bedroom Homes for Rent | $2,598 | $1,650 | $3,780 |
| Richmond 5 Bedroom Homes for Rent | $3,122 | $1,350 | $5,850 |
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: 08/08/2026Current 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:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Chestnut Hill | $1,155 | $729 | 16 |
| Cofer | $1,215 | $715 | 215 |
| Cherry Gardens | $1,228 | $715 | 208 |
| Ginter Park | $1,259 | $799 | 24 |
| Petersburg Chesterfield | $1,270 | $1,000 | 15 |
| McGuire Manor | $1,275 | $715 | 115 |
| Cullenwood | $1,291 | $715 | 43 |
| Jeff Davis | $1,295 | $715 | 59 |
| Petersburg Colonial Heights | $1,300 | $942 | 40 |
| Jackson Ward | $1,314 | $998 | 33 |
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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Lambert Landing I | 2 Bdrm 951 sqft | 2BR,1BA | $582 |
| 11 E Broad St | 1 Beds, 1 Baths | 1BR,1BA | $749 |
| Manchester Grand Apartments | 1 Bedroom, 1 Bathroom | 1BR,1BA | $770 |
| Bloom Apartments II | 1Bed/1Bath: 456 sq ft | 1BR,1BA | $799 |
| Kingly Ones and Briarwood Court Apartments | 1 Bedroom | 1BR,1BA | $825 |
| Legacy at Imperial Village | Studio | Studio,1BA | $835 |
| Lofts and Upper Lofts at Canal Walk III | Studio | Studio,1BA | $900 |
| Hatcher Tobacco Flats | 1X1 | 1BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 2509 Seminary Ave, Unit # B | 2509 Seminary Ave | 2BR,1BA | $0.59 |
| 1301 Idlewood Ave, Unit 1301 | 1301 Idlewood Ave | 4BR,2BA | $0.58 |
| Oxford Square Apartments | 2 Beds, 1.5 Baths | 2BR,1.5BA | $0.91 |
| Townsend Square | Townhomes starting at $1080.00- Now Accepting A... | 2BR,1BA | $0.94 |
| 2524 Noel St, Unit 2524-A Noel St | 2524 Noel St | 1BR,1BA | $1.00 |
| 7800 Maris Rd, Unit 7800 Maris Rd | 7800 Maris Rd | 1BR,1BA | $1.00 |
| 7815 Maris Rd, Unit 7815 Maris Rd | 7815 Maris Rd | 1BR,1BA | $1.00 |
| 2507 Noel St, Unit 2507 Noel St | 2507 Noel St | 1BR,1BA | $1.00 |
| 7811 Maris Rd, Unit 7811 Maris Rd | 7811 Maris Rd | 1BR,1BA | $1.00 |
| Glenwood Ridge Apartments | 2 bedroom | 2BR,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.
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 ArticleReal 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.
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
Robin
February 25, 2025All 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

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.

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.

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.

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

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.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
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.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
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.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
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.