Cheap Homes for Rent in Richmond, VA from $600 (63 Rentals)

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

property at 603 Chamberlayne Pky

$750

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$750

Total Monthly Price
$750

1 Bedroom, 1 Bath Townhome for Rent

Available Now

603 Chamberlayne Pky

RichmondVA23220

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

property at 3709 Stockton St

$900

Total Monthly Price

Total Monthly Price

Base Rent
$900

Total Monthly Price
$900

2 Bedroom, 1 Bath Home for Rent

Available Now

3709 Stockton St

RichmondVA23224
property at 422 W 27th St

$925

Total Monthly Price

Total Monthly Price

Base Rent
$925

Total Monthly Price
$925

2 Bedroom, 1 Bath Townhome for Rent

Available Now

422 W 27th St

RichmondVA23225
property at 5612 Crenshaw Rd

$950

Total Monthly Price

Total Monthly Price

Base Rent
$950

Total Monthly Price
$950

1 Bedroom, 1 Bath Condo for Rent

Available Now

5612 Crenshaw Rd

RichmondVA23227
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
property at 3124 Lanewood Dr

$950

Total Monthly Price

Total Monthly Price

Base Rent
$950

Total Monthly Price
$950

1 Bedroom, 1 Bath Home for Rent

Available Now

3124 Lanewood Dr

RichmondVA23234
property at 610 Akron St

$975 - $1,075

Total Monthly Price6 Month Lease Term

Total Monthly Price

Base Rent
$975 - $1,075

Total Monthly Price
$975 - $1,075

1 Bedroom, 1 Bath Home for Rent

Available Jul 1

610 Akron St

RichmondVA23222
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 6745 US-1

$995

Total Monthly Price

Total Monthly Price

Base Rent
$995

Total Monthly Price
$995

1 Bedroom, 1 Bath Condo for Rent

Available Now

6745 US-1

RichmondVA23237

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.

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
property at 3209 3rd Ave

$995

Total Monthly Price

Total Monthly Price

Base Rent
$995

Total Monthly Price
$995

1 Bedroom, 1 Bath Condo for Rent

Available Now

3209 3rd Ave

RichmondVA23222
property at 2315 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

2315 Alfalfa Ln

RichmondVA23237
property at 2108 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

2108 Phaup St

RichmondVA23223
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 808 Brook Hill Rd

$1,095

Total Monthly Price

Total Monthly Price

Base Rent
$1,095

Total Monthly Price
$1,095

1 Bedroom, 1 Bath Condo for Rent

Available Now

808 Brook Hill Rd

RichmondVA23227

Cash 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.

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 5604 Crenshaw Rd

$1,095

Total Monthly Price

Total Monthly Price

Base Rent
$1,095

Total Monthly Price
$1,095

1 Bedroom, 1 Bath Condo for Rent

Available Now

5604 Crenshaw Rd

RichmondVA23227
property at 301 Goshen St

$1,095 - $1,695

Total Monthly Price

Total Monthly Price

Base Rent
$1,095

Total Monthly Price
$1,095

Studio To 2 Bedroom Rentals

Available Now

301 Goshen St

RichmondVA23220
property at 3503 Seminary Ave

$1,100

Total Monthly Price

Total Monthly Price

Base Rent
$1,100

Total Monthly Price
$1,100

1 Bedroom, 1 Bath Home for Rent

Available Now

3503 Seminary Ave

RichmondVA23227
property at 3503 Bolling Rd

$1,135

Total Monthly Price

Total Monthly Price

Base Rent
$1,135

Total Monthly Price
$1,135

2 Bedroom, 1.5 Bath Home for Rent

Available Now

3503 Bolling Rd

RichmondVA23223
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

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.

property at 4155 Richmond Hwy N

$1,195

Total Monthly Price

Total Monthly Price

Base Rent
$1,195

Total Monthly Price
$1,195

1 Bedroom, 1 Bath Condo for Rent

Available Now

4155 Richmond Hwy N

RichmondVA23234
property at 5439 Remuda Dr

$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

5439 Remuda Dr

RichmondVA23234
property at 4173 Richmond Hwy

$1,195

Total Monthly Price

Total Monthly Price

Base Rent
$1,195

Total Monthly Price
$1,195

1 Bedroom, 1 Bath Condo for Rent

Available Now

4173 Richmond Hwy

RichmondVA23234
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 1414 W Marshall St

$1,250

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,250

Total Monthly Price
$1,250

1 Bedroom, 1 Bath Condo for Rent

Available Jul 15

1414 W Marshall St, Unit 502

1414 W Marshall St
RichmondVA23220
property at 123 E Broad St

$1,295

Total Monthly Price

Total Monthly Price

Base Rent
$1,295

Total Monthly Price
$1,295

1 Bedroom, 1 Bath Condo for Rent

Available Jul 15

123 E Broad St

RichmondVA23219

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

Richmond, VA Local Guide

Cheapest Neighborhoods for Apartments in Richmond, VA

Pricing Updated: 06/22/2026

Current apartment rentals in the Richmond, VA area range in price from $194 to $12,714 with an overall median price of $2,373. The three Richmond neighborhoods with the lowest median rent pricing are Chestnut Hill at $729, Petersburg Chesterfield at $194, and Jackson Ward at $725. 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$1,285$72922
Petersburg Chesterfield$1,670$194120
Jackson Ward$1,677$72548
Petersburg Colonial Heights$1,750$94241
Monroe Ward$1,781$1,10065
Forest Hill$1,800$725217
North Highland Park$1,800$675214
Hioaks$1,813$895238
Warwick$1,813$819219
Worthington$1,813$940205

Cheapest Available Richmond Apartments for Rent

 

The cheapest available apartment rental in Richmond, VA is a 1 Bed unit found at Liberty Gardens in the Four Mile Run neighborhood priced from $566. Manchester Grand Apartments in the Old South neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $770. Here is today’s list of the most affordable Richmond apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Liberty Gardens1 bedroom 30%1BR,1BA$566
Manchester Grand Apartments1 Bedroom, 1 Bathroom1BR,1BA$770
Townhouses of Chesterfield IIMagnoliaStudio,1BA$809
Kingly Ones and Briarwood Court Apartments1 Bedroom1BR,1BA$825
Legacy at Imperial VillageStudioStudio,1BA$835
Bloom Apartments II1Bed/1Bath: 463 sq ft1BR,1BA$849
Falling Creek Apartments1 Bedroom1BR,1BA$892
S Beulah RdBeulah Apartments1BR,1BA$895
The Residences of Westover Hills1BR 1BA Classic1BR,1BA$895
Oxford Square Apartments1 Beds, 1 Baths1BR,1BA$895

Best Value Apartments for Rent in Richmond, VA

As of June 23, 2026 the best value apartment in the Richmond area is the $0.20 price per square foot 3 Beds, 2 Baths Model at 1318 W. Broad St. in the in the Near West neighborhood starting from $1,995. The second greatest value Richmond apartment is the 2509 Seminary Ave Model at 2509 Seminary Ave, Unit # B starting at $1,395 with a $0.62 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 ListingModel NameBed/BathPrice Per Sq.Ft.
1318 W. Broad St.3 Beds, 2 Baths3BR,2BA$0.20
2509 Seminary Ave, Unit # B2509 Seminary Ave2BR,1BA$0.62
Marshall Park4x2 - Priced Per Bedroom4BR,2BA$0.49
Townsend SquareTownhomes starting at $1080.00- Now Accepting A...2BR,1BA$0.94
200 Minor Street Quad3 Beds, 1 Baths3BR,1BA$1.18
Hatcher Tobacco Flats3X23BR,2BA$1.17
Glenwood Ridge Apartments2 bedroom2BR,2BA$1.13
City View Place2 Bedroom2BR,1BA$1.18
Belle SummitRainer2BR,2BA$1.21
Oxford Square Apartments1 Beds, 1 Baths1BR,1BA$1.19

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 Article
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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

Read Article
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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.

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

Explore Richmond, VA Rentals by Map

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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 1531 Apartments for Rent in Richmond, VA with pricing that ranges from $566 to $12,714. There are also 474 Single Family Homes for rent, Condos, and Townhome rentals currently available in Richmond ranging from $650 to $6,300.

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 $6,300 with an average monthly rent of $2,177.

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 $810 to $10,388, while Three Bedroom Homes, Condos, and Townhomes for rent range from $650 to $4,250. Four Bedroom Single-Family rentals are also available starting from $725 and Four Bedroom Apartments start at $725.

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

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.

decorative image for Your Guide to Picking the Perfect Richmond Neighborhood for Student Renters article

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.

decorative image for Explore The River City Like a Local: The Insiders Guide to Renting in Richmond, VA article

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.

decorative image for Your Richmond Neighborhood Guide: Living Near the City's Top Employers article

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.

Articles, How-To's, and Tips

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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.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.