Cheap Homes for Rent in Old South Neighborhood of Richmond, VA from $700 (8 Rentals)

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

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 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

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 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 1514 Bainbridge St

$1,299

Total Monthly Price

Total Monthly Price

Base Rent
$1,299

Total Monthly Price
$1,299

2 Bedroom, 1 Bath Condo for Rent

Available Now

1514 Bainbridge St

RichmondVA23224
property at 815 Porter St

$1,300

Total Monthly Price

Total Monthly Price

Base Rent
$1,300

Total Monthly Price
$1,300

1 Bedroom, 1 Bath Condo for Rent

Available Now

815 Porter St

RichmondVA23224

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.

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 Manchester Grand Apartments priced from $770. NOON Ingram has the second lowest priced unit, which is a 1 Bed apartment currently listed from $969. Here are the most affordable Old South apartments for rent in Richmond, VA:

Apartment ListingModel NameBed/BathPriced From
Manchester Grand Apartments1 Bedroom, 1 Bathroom1BR,1BA$770
NOON IngramThe Ingram - 50%1BR,1BA$969
Belle SummitRainer2BR,2BA$1,020

Best Value Apartments for Rent in Old South, VA

As of June 21, 2026 the best value apartment in the Old South area is the $1.58 price per square foot 1216 McDonough St Model at 1216 McDonough St, Unit McDonough in the in the Old South neighborhood starting from $3,480. The second greatest value Old South apartment is the 2BD 2BA Model at Model Tobacco Lofts starting at $1,750 with a $1.30 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.
1216 McDonough St, Unit McDonough1216 McDonough St4BR,2BA$1.58
Model Tobacco Lofts2BD 2BA2BR,2BA$1.30
Hatcher Tobacco Flats3X23BR,2BA$1.17
27th Townhomes2 Bedroom 1 Bath - 469732BR,1BA$1.26
City View Place2 Bedroom2BR,1BA$1.18
Miller Lofts @ Plant Zero2 Bedroom 2 Bath2BR,2BA$1.57
Belle SummitRainer2BR,2BA$1.21
Forest Square Apartments2 Bedroom 1 Bath - 672532BR,1BA$1.50
Park Vue2 Bedroom Townhome2BR,1BA$1.51
3809 McGuire Dr, Unit B3809 McGuire Dr2BR,1BA$1.33

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 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.

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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 #123

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

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

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Frequently Asked Questions about Old South

What type of rentals are currently available in Old South?

There are currently 122 Apartments for Rent in Old South, VA with pricing that ranges from $856 to $4,315. There are also 33 Single Family Homes for rent, Condos, and Townhome rentals currently available in Old South ranging from $780 to $3,480.

What is the current price range for Rental Homes in Old South?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Old South ranges from $780 to $3,480 with an average monthly rent of $1,998.

How much are larger Three and Four Bedroom Rentals in Old South?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Old South range from $1,178 to $3,059, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,625 to $2,695. Four Bedroom Single-Family rentals are also available starting from $1,995 and Four Bedroom Apartments start at $3,480.

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.

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.

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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.

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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.