Cheap Apartments for Rent in the Malvern Gardens Neighborhood of Richmond, VA from $800 (79 Rentals)

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

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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Richmond’s Best Affordable Neighborhoods

Learn about Richmond and the best affordable places to live by our Local Expert Richard Corrigan

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property at 1719 Blair St

1719 Blair St

RichmondVA23220
property at 1721 Blair St

1721 Blair St

RichmondVA23220

Navigating the Rental Market: Tips for First-Time Renters

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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. Eagle Mill Lofts has the second lowest priced unit, which is a 2 Beds apartment currently listed from $950. Here are the most affordable Malvern Gardens apartments for rent in Richmond, VA:

Apartment ListingModel NameBed/BathPriced From
Legacy at Imperial VillageStudioStudio,1BA$835
Eagle Mill Lofts2bed 1bth2BR,1BA$950
Legacy ApartmentsOne Bedroom, One Bath1BR,1BA$1,085
Guardian Place ApartmentsS1 Guardian Place 1Studio,1BA$1,192
Southern Stove LoftsstudioStudio,1BA$1,275
Cookie Factory LoftsStudioStudio,1BA$1,300
The CarouselJumperStudio,1BA$1,325
Crestwood at Libbie2X12BR,1BA$1,329
The Cooperage1 Bedroom / 1 Bathroom: Flat1BR,1BA$1,349
The Collection of Historic RichmondA6, A7 & A81BR,1BA$1,350

Best Value Apartments for Rent in Malvern Gardens, VA

As of May 21, 2025 the best value apartment in the Malvern Gardens area is the $1.75 price per square foot 1714 W Cary St Model at 1714 W Cary St, Unit 4 in the in the Near West neighborhood starting from $2,900. The second greatest value Malvern Gardens apartment is the The Ray Jr Model at The Ella Scotts Addition starting at $2,406 with a $1.94 price per square foot in the Bellevue 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.
1714 W Cary St, Unit 41714 W Cary St2BR,2.5BA$1.75
The Ella Scotts AdditionThe Ray Jr2BR,2BA$1.94
River School Lofts2A (RENO)2BR,1BA$1.73
1706 Floyd Ave, Unit B1706 Floyd Ave2BR,1BA$1.63
1321 Floyd Ave, Unit 11321 Floyd Ave2BR,1BA$1.58
Kensington, Patterson Place and Grove AveKensington Place - Two Bedroom2BR,1BA$1.58
1510 W Broad St - Residential2BR/1.0BA2BR,1BA$1.69
2306 Parkwood Ave, Unit D2306 Parkwood Ave2BR,2BA$1.97
Legacy ApartmentsOne Bedroom, One Bath - Patio1BR,1BA$1.73
Crestwood at Libbie2X12BR,1BA$2.02

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 #52

Among neighborhoods in Richmond, VA 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!

Getting Around the Malvern Gardens Neighborhood in Richmond, VA

Walk Score®

69 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

64 / 100

Bikeable

Some bike infrastructure

Transit Score®

39 / 100

Some Transit

A few nearby public transportation options

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

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 $1,350.

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 $3,035.

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 75 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 $328 which is $2,707 cheaper than the average rent for all rentals in Malvern Gardens.

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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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.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.