
Cheap Apartments for Rent in the Parnell Industrial Area Richmond, VA from $500 (11 Rentals)
Search the lowest-cost Apartments available for rent right now in the Parnell Industrial Area area of Richmond.


Townhouses Of Chesterfield

Kingly Ones and Briarwood Court Apartments

Total Monthly Price
Falling Creek Apartments

Total Monthly Price
3809 McGuire Dr, Unit B, Unit B
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.

Lafayette Gardens

Heights at Brady Square

Foxwood

Southgate

Oakwood
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Graystone Place Apartments
Parnell Industrial Area, Richmond, VA Local Guide

How much does it cost to rent an apartment in Parnell Industrial Area?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Parnell Industrial Area Studio Apartments | $853 | $715 | $1,124 |
| Parnell Industrial Area 1 Bedroom Apartments | $1,134 | $825 | $1,601 |
| Parnell Industrial Area 2 Bedroom Apartments | $1,390 | $930 | $1,911 |
| Parnell Industrial Area 3 Bedroom Apartments | $1,695 | $1,385 | $2,403 |
| Parnell Industrial Area 4 Bedroom Apartments | $2,112 | $2,075 | $2,150 |
Browse Apartments in this Neighborhood
There are currently 11 rentals with your search options within a 2 mile radius of the Parnell Industrial Area Neighborhood of Richmond, VA.
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Cheapest Available Parnell Industrial Area Apartments for Rent
 The cheapest available apartment rental in the Parnell Industrial Area area of Richmond, VA is a 1 Bed unit found at Kingly Ones and Briarwood Court Apartments priced from $825. Falling Creek Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $892. Here are the most affordable Parnell Industrial Area apartments for rent in Richmond, VA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Kingly Ones and Briarwood Court Apartments | 1 Bedroom | 1BR,1BA | $825 |
| Falling Creek Apartments | 1 Bedroom | 1BR,1BA | $892 |
| Park Vue | 2 Bedroom Townhome | 2BR,1BA | $1,084 |
| Townhouses of Chesterfield II | Pine II | 2BR,1BA | $1,120 |
| NOON Ingram | The Bowen - 60% | Studio,1BA | $1,124 |
Best Value Apartments for Rent in Parnell Industrial Area, VA
As of April 25, 2026 the best value apartment in the Parnell Industrial Area area is the $1.00 price per square foot Pine II Model at Townhouses of Chesterfield II in the in the Broad Rock neighborhood starting from $1,120. The second greatest value Parnell Industrial Area apartment is the 3x2 Model at Overlook at Falling Creek Apartment Homes starting at $1,600 with a $1.44 price per square foot in the Cascade Creek neighborhood. Here is today’s list of the best values for Parnell Industrial Area apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Townhouses of Chesterfield II | Pine II | 2BR,1.5BA | $1.00 |
| Overlook at Falling Creek Apartment Homes | 3x2 | 3BR,2BA | $1.44 |
| Meadowbrook Apartments | 2 Bedroom Townhouse | 2BR,1.5BA | $1.44 |
| South Pointe Landing | Two Bedroom 60% AMI | 2BR,1BA | $1.43 |
| Townhouses Of Chesterfield | Pine | 2BR,1.5BA | $1.27 |
| Crystal Lakes Apartments | Redbud | 2BR,1.5BA | $1.41 |
| The Arbors at Hull Street Senior Apartments | 1X1 | 1BR,1BA | $1.32 |
| Brookmont | 2 Bedroom 1 Bath | 2BR,1BA | $1.38 |
| Park Vue | 2 Bedroom Townhome | 2BR,1BA | $1.51 |
| Kingly Ones and Briarwood Court Apartments | 1 Bedroom | 1BR,1BA | $1.38 |
Frequently Asked Questions about Cheap Parnell Industrial Area Apartments
What is the price of a cheap apartment in Parnell Industrial Area?
The cheapest apartment in Parnell Industrial Area is Kingly Ones and Briarwood Court Apartments which is listed at $825, while the average apartment in Parnell Industrial Area costs $3,800.
What types of apartments are the cheapest in Parnell Industrial Area?
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 32 regular apartments in Parnell Industrial Area 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 Parnell Industrial Area?
Cheap apartments in Parnell Industrial Area have an average cost of $395 which is $3,405 cheaper than the average rent for all rentals in Parnell Industrial Area.
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

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.

Your Guide to Picking the Perfect Richmond Neighborhood for Student Renters
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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.

Explore The River City Like a Local: The Insiders Guide to Renting in Richmond, VA
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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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This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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