Cheap Apartments for Rent in the Old South Neighborhood of Richmond, VA from $700 (56 Rentals)

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

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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property at 403 Stockton St

$1,230 - $1,565

1 To 2 Bedroom Rentals

Available Now

403 Stockton St

RichmondVA23224

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.

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1000 Porter St
Studio to 3 Bedroom Apartments

1000 Porter St

1000 Porter StRichmond, VA 23224
  • Utilities Included
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Southgate
1 to 3 Bedroom Apartments

Southgate

3430-3456 Maury StRichmond, VA 23224

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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1200 SEMMES Apartments
Studio to 2 Bedroom Apartments

1200 SEMMES Apartments

1200 Semmes AveRichmond, VA 23224
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The Commons
Studio to 3 Bedroom Apartments

The Commons

15 E 2nd StRichmond, VA 23224
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27th Townhomes
2 Bedroom Apartments

27th Townhomes

10 W 27th StRichmond, VA 23225
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Port RVA
Studio to 2 Bedroom Apartments

Port RVA

500 Hull StRichmond, VA 23224
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403 Stockton St
1 to 3 Bedroom Apartments

403 Stockton St

403 Stockton StRichmond, VA 23224
Corporate Housing
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The Box
1 to 2 Bedroom Apartments

The Box

501-511 Decatur StRichmond, VA 23224

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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Showing Results 1-50, Page 1 of 2

Old South, Richmond, VA Local Guide

Cheapest Available Old South Apartments for Rent

 

The cheapest available apartment rental in the Old South area of Richmond, VA is a 1 Bed unit found at Hatcher Tobacco Flats priced from $933. Hopper Lofts has the second lowest priced unit, which is a 1 Bed apartment currently listed from $999. Here are the most affordable Old South apartments for rent in Richmond, VA:

Apartment ListingModel NameBed/BathPriced From
Hatcher Tobacco Flats1X11BR,1BA$933
Hopper LoftsA21BR,1BA$999
Miller Lofts @ Plant Zero1 Bedroom 1 Bath1BR,1BA$999
Belle SummitRainer2BR,2BA$1,020
The Gardens at ManchesterFeast Your Eyes on This Home Deal – Celebrate c...2BR,1BA$1,075
Park Vue2 Bedroom Townhome2BR,1BA$1,084
City View Place2 Bedroom Unit2BR,1BA$1,090
South BankA11BR,1BA$1,099
NOON IngramThe Bowen - 60%Studio,1BA$1,124
Forest Square Apartments2 Bedroom 1 Bath - 391342BR,1BA$1,130

Best Value Apartments for Rent in Old South, VA

As of February 02, 2026 the best value apartment in the Old South area is the $1.60 price per square foot The Hull Model at The Hudson in the in the Old South neighborhood starting from $2,155. The second greatest value Old South apartment is the Three Bedroom Two Bath C Premier Model at The Gardens at Manchester starting at $1,595 with a $1.52 price per square foot in the Old South neighborhood. Here is today’s list of the best values for Old South apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The HudsonThe Hull3BR,2BA$1.60
The Gardens at ManchesterThree Bedroom Two Bath C Premier3BR,2BA$1.52
27th Townhomes2 Bedroom 1 Bath - 258132BR,1BA$1.16
Model Tobacco Lofts1BD 1BA w/ Den1BR,1BA$1.55
City View Place2 Bedroom Unit2BR,1.5BA$1.18
Belle SummitRainer2BR,2BA$1.21
Forest Square Apartments2 Bedroom 1 Bath - 351172BR,1BA$1.50
Miller Lofts @ Plant Zero1 Bedroom 1 Bath1BR,1BA$1.52
Park Vue2 Bedroom Townhome2BR,1BA$1.51
Hatcher Tobacco Flats1X11BR,1BA$1.40

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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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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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
Old South, Richmond, VA

Ranked #102

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

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Frequently Asked Questions about Cheap Old South Apartments

What is a cheap apartment in Old South?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Old South is under $1,130.

What is the price of a cheap apartment in Old South?

The cheapest apartment in Old South is Hatcher Tobacco Flats which is listed at $933, while the average apartment in Old South costs $2,616.

What types of apartments are the cheapest in Old South?

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 45 regular apartments in Old South 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 Old South?

Cheap apartments in Old South have an average cost of $191 which is $2,425 cheaper than the average rent for all rentals in Old South.

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

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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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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.

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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.

Articles, How-To's, and Tips

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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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.