Cheap Apartments for Rent in the Peter Paul Neighborhood of Richmond, VA from $500 (42 Rentals)

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

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

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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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Richmond Arts
1 Bedroom Apartments

Richmond Arts

115 N 1st StRichmond, VA 23219
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Shockoe Center
1 to 2 Bedroom Apartments

Shockoe Center

1900 E Franklin StRichmond, VA 23223
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101 Poe St
2 Bedroom Apartments

101 Poe St

101 Poe StRichmond, VA 23222
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Market Slip
1 to 2 Bedroom Apartments

Market Slip

2 S 17th StRichmond, VA 23219
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The Rosa
1 Bedroom Apartments

The Rosa

744 N 2nd StRichmond, VA 23219
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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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501-503 E Main St
1 Bedroom Apartments

501-503 E Main St

501-503 E Main StRichmond, VA 23219
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The Dill Building
1 to 2 Bedroom Apartments

The Dill Building

2020 E Franklin StRichmond, VA 23223
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Ashley Oaks Apartments
2 to 3 Bedroom Apartments

Ashley Oaks Apartments

1400 Jennie Scher RdRichmond, VA 23231
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The Hill Building
1 to 2 Bedroom Apartments

The Hill Building

114 Virginia StRichmond, VA 23219
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Shockoe Commons
1 to 2 Bedroom Apartments

Shockoe Commons

1209-1211 E Main StRichmond, VA 23223

Richmond’s Best Affordable Neighborhoods

Learn about Richmond and the best affordable places to live by our Local Expert Richard Corrigan

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Linden Tower
1 to 2 Bedroom Apartments

Linden Tower

116 E Franklin StRichmond, VA 23219
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Old Stone Row
1 to 2 Bedroom Apartments

Old Stone Row

2001 E Franklin StRichmond, VA 23223
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Engine at The Masonry
1 to 2 Bedroom Apartments

Engine at The Masonry

2026 E Main StRichmond, VA 23223
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Navigating the Rental Market: Tips for First-Time Renters

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Peter Paul, Richmond, VA Local Guide

Cheapest Available Peter Paul Apartments for Rent

 

The cheapest available apartment rental in the Peter Paul area of Richmond, VA is a 2 Beds unit found at New Manchester Flats priced from $837. Miller Lofts @ Plant Zero has the second lowest priced unit, which is a 1 Bed apartment currently listed from $950. Here are the most affordable Peter Paul apartments for rent in Richmond, VA:

Apartment ListingModel NameBed/BathPriced From
New Manchester FlatsThe Bainbridge2BR,1BA$837
Miller Lofts @ Plant Zero1 Bedroom 1 Bath1BR,1BA$950
The Lofts at Shockoe SlipThe Lofts at Shockoe Slip 315Studio,1BA$969
Kings Point Apartments1BR/1BA1BR,1BA$990
210 E Grace StStudioStudio,1BA$995
Old Stone RowOS A101BR,1BA$1,055
Lofts and Upper Lofts at Canal WalkCanal 236 StudioStudio,1BA$1,056
Shockoe CommonsA21BR,1BA$1,075
City View Place2 Bedroom Unit2BR,1BA$1,092
Mallard GreensTWO BEDROOMS JUST FOR YOU!! AVAILABLE NOW - WH...2BR,1BA$1,103

Best Value Apartments for Rent in Peter Paul, VA

As of June 16, 2025 the best value apartment in the Peter Paul area is the $1.35 price per square foot 308 E Leigh St Model at 308 E Leigh St, Unit 1 in the in the Downtown Richmond neighborhood starting from $2,450. The second greatest value Peter Paul apartment is the 1BR/1.0BA Model at 1710 East Franklin Street starting at $1,310 with a $1.03 price per square foot in the Downtown Richmond neighborhood. Here is today’s list of the best values for Peter Paul apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
308 E Leigh St, Unit 1308 E Leigh St3BR,2BA$1.35
1710 East Franklin Street1BR/1.0BA1BR,1BA$1.03
Raven PlaceB1.12BR,2BA$1.47
The HudsonThe Perry1BR,1BA$1.11
Lofts and Upper Lofts at Canal Walk IIIOne Bedroom1BR,1BA$1.24
Hatcher Tobacco Flats3X23BR,2BA$1.23
Highland Terrace Apartments2-Bedroom2BR,2BA$1.34
City View Place2 Bedroom Unit2BR,1.5BA$1.18
Mallard GreensTWO BEDROOMS JUST FOR YOU!! AVAILABLE NOW - WH...2BR,1BA$1.33
Miller Lofts @ Plant Zero1 Bedroom 1 Bath1BR,1BA$1.51

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Peter Paul, Richmond, VA

Ranked #25

Among neighborhoods in Richmond, VA for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Lifestyle Ratings

ApartmentHomeLiving brings you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals in cities and towns across the United States including Peter Paul, Richmond, and the greater Richmond area. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including our Star Ratings to compare for convenient access to the outdoors, luxury amenities, kid and pet-friendly communities, availability of transit options, and other valuable search options. Find Lifestyle Search in the filter options (above). Happy Searching!

Getting Around the Peter Paul Neighborhood in Richmond, VA

Walk Score®

57 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

53 / 100

Bikeable

Some bike infrastructure

Transit Score®

38 / 100

Some Transit

A few nearby public transportation options

Frequently Asked Questions about Cheap Peter Paul Apartments

What is a cheap apartment in Peter Paul?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Peter Paul is under $1,103.

What is the price of a cheap apartment in Peter Paul?

The cheapest apartment in Peter Paul is Miller Lofts @ Plant Zero which is listed at $950, while the average apartment in Peter Paul costs $2,324.

What types of apartments are the cheapest in Peter Paul?

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 112 regular apartments in Peter Paul 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 Peter Paul?

Cheap apartments in Peter Paul have an average cost of $379 which is $1,945 cheaper than the average rent for all rentals in Peter Paul.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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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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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.