Cheap Apartments for Rent in the Malvern Gardens Neighborhood of Richmond, VA from $800 (74 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Malvern Gardens area of Richmond.

property at 1144 W Grace St

$1,195 - $1,695

1 Bedroom Rentals

Available Now

1144 W Grace St

RichmondVA23220

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.

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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.

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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.

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property at 3600 W Broad St

$1,550 - $2,225

1 To 2 Bedroom Rentals

Available Now

3600 W Broad St

RichmondVA23230

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.

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2700 Idlewood Ave
Studio to 1 Bedroom Apartments

2700 Idlewood Ave

2700 Idlewood AveRichmond, VA 23220
Senior Living
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3329 Cutshaw Ave
1 to 2 Bedroom Apartments

3329 Cutshaw Ave

3329 Cutshaw AveRichmond, VA 23230
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Virginia Apartments
1 to 2 Bedroom Apartments

Virginia Apartments

2602-2608 Kensington AveRichmond, VA 23220
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Eagle Mill Towers
Studio to 3 Bedroom Apartments

Eagle Mill Towers

1414 W Marshall StRichmond, VA 23220
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Legacy At Imperial Village
Studio to 2 Bedroom Apartments

Legacy At Imperial Village

1711 Bellevue AveRichmond, VA 23227
Senior Living
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The Faison Residence
1 to 3 Bedroom Apartments

The Faison Residence

5322 Markel RdRichmond, VA 23230
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408-410 Dobson St
2 Bedroom Apartments

408-410 Dobson St

408-410 Dobson StRichmond, VA 23220

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.

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Malvern Gardens, Richmond, VA Local Guide

Cheapest Available Malvern Gardens Apartments for Rent

 

The cheapest available apartment rental in the Malvern Gardens area of Richmond, VA is a Studio unit found at Legacy at Imperial Village priced from $835. Legacy Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,085. Here are the most affordable Malvern Gardens apartments for rent in Richmond, VA:

Apartment ListingModel NameBed/BathPriced From
Legacy at Imperial VillageStudioStudio,1BA$835
Legacy ApartmentsOne Bedroom, One Bath1BR,1BA$1,085
South Arthur1/11BR,1BA$1,199
Southern Stove Lofts1bed 1bth1BR,1BA$1,200
2602-2606 Monument Ave2 Bedroom 1 Bath - 236462BR,1BA$1,230
Guardian Place ApartmentsA1 Guardian Place II1BR,1BA$1,277
Wellsmith ApartmentsS2Studio,1BA$1,288
1510 W Broad St - Residential2BR/2.0BA2BR,2BA$1,295
The Collection of Historic RichmondA3, A4 & A51BR,1BA$1,299

Best Value Apartments for Rent in Malvern Gardens, VA

As of December 23, 2025 the best value apartment in the Malvern Gardens area is the $1.36 price per square foot The Overbrook Model at The Westbrook Townhomes at Brewers Row in the in the Bellevue neighborhood starting from $3,755. The second greatest value Malvern Gardens apartment is the 3 Bed, 2 Bath Model at 100 N Arthur Ashe Blvd starting at $2,500 with a $1.39 price per square foot in the Far West neighborhood. Here is today’s list of the best values for Malvern Gardens apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Westbrook Townhomes at Brewers RowThe Overbrook3BR,2.5BA$1.36
100 N Arthur Ashe Blvd3 Bed, 2 Bath3BR,2BA$1.39
Cookie Factory Lofts3 Bed/ 2 Bath3BR,2BA$1.79
Iron House Apartments3 Bedroom 2 Bath3BR,2BA$1.72
1322 W Broad St2 Bedroom 2 Bath - 190982BR,2BA$1.55
Todd LoftsStudioStudio ,1BA$1.76
1510 W Broad St - Residential2BR/2.0BA2BR,2BA$1.68
2602-2606 Monument Ave2 Bedroom 1 Bath - 236462BR,1BA$1.62
Southern Stove Lofts1bed 1bth1BR,1BA$1.61
Legacy ApartmentsOne Bedroom, One Bath - Patio1BR,1BA$1.73

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.

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The 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.

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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

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Quick 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.

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Pet Friendly Lifestyle
Malvern Gardens, Richmond, VA

Ranked #49

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Malvern Gardens, Richmond, VA

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving brings you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals in cities across the United States, including Richmond. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including filtering automatically for convenient access to the outdoors, luxury housing options, kid and pet-friendly communities, availability of transit options, and other valuable search options. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Frequently Asked Questions about Cheap Malvern Gardens Apartments

What is a cheap apartment in Malvern Gardens?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Malvern Gardens is under $1,299.

What is the price of a cheap apartment in Malvern Gardens?

The cheapest apartment in Malvern Gardens is Legacy at Imperial Village which is listed at $1,085, while the average apartment in Malvern Gardens costs $5,875.

What types of apartments are the cheapest in Malvern Gardens?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 68 regular apartments in Malvern Gardens that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Malvern Gardens?

Cheap apartments in Malvern Gardens have an average cost of $254 which is $5,621 cheaper than the average rent for all rentals in Malvern Gardens.

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.

Articles, How-To's, and Tips

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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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.

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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!