
Cheap Apartments for Rent in the Parnell Industrial Area Richmond, VA from $500 (13 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
3704 Chapel Dr, Unit B

Total Monthly Price
Falling Creek Apartments

3601 Richmond Hwy N, Unit 7
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.

Total Monthly Price
3809 McGuire Dr, Unit B

Lafayette Gardens

Heights at Brady Square

Foxwood

Southgate

Oakwood
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.

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 | $845 | $715 | $1,124 |
| Parnell Industrial Area 1 Bedroom Apartments | $1,265 | $825 | $1,905 |
| Parnell Industrial Area 2 Bedroom Apartments | $1,461 | $930 | $2,165 |
| Parnell Industrial Area 3 Bedroom Apartments | $1,890 | $1,385 | $3,511 |
| Parnell Industrial Area 4 Bedroom Apartments | $2,112 | $2,075 | $2,150 |
Browse Apartments in this Neighborhood
There are currently 13 rentals with your search options within a 2 mile radius of the Parnell Industrial Area Neighborhood of Richmond, VA.
See all Apartments in RichmondExplore Richmond
Cheapest Available Parnell Industrial Area Apartments for Rent
 The cheapest available apartment rental in the Parnell Industrial Area area of Richmond, VA is a Studio unit found at Townhouses of Chesterfield II priced from $809. 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 |
|---|---|---|---|
| Townhouses of Chesterfield II | Magnolia | Studio,1BA | $809 |
| Falling Creek Apartments | 1 Bedroom | 1BR,1BA | $892 |
| Park Vue | 2 Bedroom Townhome | 2BR,1BA | $1,084 |
| NOON Ingram | The Bowen - 60% | Studio,1BA | $1,124 |
| Brookmont | 2 Bedroom 1 Bath | 2BR,1BA | $1,149 |
Best Value Apartments for Rent in Parnell Industrial Area, VA
As of June 12, 2026 the best value apartment in the Parnell Industrial Area area is the $1.68 price per square foot 1BD 1BA w/ Den Model at Model Tobacco Lofts in the in the Old South neighborhood starting from $1,705. The second greatest value Parnell Industrial Area apartment is the 2x2 Model at Overlook at Falling Creek Apartment Homes starting at $1,397 with a $1.42 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. |
|---|---|---|---|
| Model Tobacco Lofts | 1BD 1BA w/ Den | 1BR,1BA | $1.68 |
| Overlook at Falling Creek Apartment Homes | 2x2 | 2BR,2BA | $1.42 |
| South Pointe Landing | Two Bedroom 60% AMI | 2BR,1BA | $1.50 |
| Townhouses Of Chesterfield | Pine | 2BR,1.5BA | $1.27 |
| The Arbors at Hull Street Senior Apartments | 1X1 | 1BR,1BA | $1.32 |
| Remuda Crossing & Heritage Pointe Apartments | Townhouse with half baths | 2BR,1.5BA | $1.66 |
| Treetop Condominiums | 2 Beds, 1 Baths | 2BR,1BA | $1.46 |
| Brookmont | 2 Bedroom 1 Bath | 2BR,1BA | $1.38 |
| Park Vue | 2 Bedroom Townhome | 2BR,1BA | $1.51 |
| 3809 McGuire Dr, Unit B | 3809 McGuire Dr | 2BR,1BA | $1.33 |
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 Falling Creek Apartments which is listed at $892, 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 21 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 $273 which is $3,527 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
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.

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.

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

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.

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.

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.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.