Cheap Apartments for Rent in the Parnell Industrial Area Richmond, VA from $500 (13 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Parnell Industrial Area area of Richmond.

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Falling Creek Apartments
Rent Specials
$892 - $1,614
Total Monthly Price

Total Monthly Price

Base Rent
$817 - $1,539
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Total Monthly Price
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1 to 2 Bedroom Apartments Available Now

Falling Creek Apartments

2530 Marina DrRichmond, VA 23234
Affordability
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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.

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Lafayette Gardens
1 to 3 Bedroom Apartments

Lafayette Gardens

2219 Ruffin RdRichmond, VA 23234
  • Utilities Included
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Foxwood
1 to 3 Bedroom Apartments

Foxwood

5000-5006 Snead RdRichmond, VA 23224
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Southgate
1 to 3 Bedroom Apartments

Southgate

3430-3456 Maury StRichmond, VA 23224
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Oakwood
2 Bedroom Apartments

Oakwood

5002 Alan DrRichmond, VA 23234

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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 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 ListingModel NameBed/BathPriced From
Townhouses of Chesterfield IIMagnoliaStudio,1BA$809
Falling Creek Apartments1 Bedroom1BR,1BA$892
Park Vue2 Bedroom Townhome2BR,1BA$1,084
NOON IngramThe Bowen - 60%Studio,1BA$1,124
Brookmont2 Bedroom 1 Bath2BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Model Tobacco Lofts1BD 1BA w/ Den1BR,1BA$1.68
Overlook at Falling Creek Apartment Homes2x22BR,2BA$1.42
South Pointe LandingTwo Bedroom 60% AMI2BR,1BA$1.50
Townhouses Of ChesterfieldPine2BR,1.5BA$1.27
The Arbors at Hull Street Senior Apartments1X11BR,1BA$1.32
Remuda Crossing & Heritage Pointe ApartmentsTownhouse with half baths2BR,1.5BA$1.66
Treetop Condominiums2 Beds, 1 Baths2BR,1BA$1.46
Brookmont2 Bedroom 1 Bath2BR,1BA$1.38
Park Vue2 Bedroom Townhome2BR,1BA$1.51
3809 McGuire Dr, Unit B3809 McGuire Dr2BR,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.

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