Cheap Apartments for Rent in the Peter Paul Neighborhood of Richmond, VA from $500 (164 Rentals)

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

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The Masonry Apartments
$1,016 - $1,791
Total Monthly Price

Total Monthly Price

Base Rent
$925 - $1,700
Required Monthly Fees
Varies
Total Monthly Price
Varies
Studio to 3 Bedroom Apartments Available Now

The Masonry Apartments

2001 E Franklin StRichmond, VA 23223
Student Housing
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  • Customer Reviewed
  • 3D Tour

The Richmond Renter's Guide to Living Near Work

Get the inside scoop on Richmond's most livable neighborhoods and find the perfect apartment close to where you work. Our local expert breaks it all down by the city's top employers like VCU Health and Costar.

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property at 927 N 20th St

$1,050

Total Monthly Price

Total Monthly Price

Base Rent
$1,050
Total Monthly Price
$1,050

1 Bedroom, 1 Bath Home for Rent

Available Now

927 N 20th St

RichmondVA23223
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209 E Main St
$1,100 - $1,700
Total Monthly Price

Total Monthly Price

Base Rent
$1,100 - $1,700
Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

209 E Main St

209 E Main StRichmond, VA 23219
Affordability
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Rent According to Income: A Look at Income-Restricted Rentals

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property at 3528 E Richmond Rd

$1,175

Total Monthly Price

Total Monthly Price

Base Rent
$1,175
Total Monthly Price
$1,175

2 Bedroom, 1 Bath Home for Rent

Available Now

3528 E Richmond Rd

RichmondVA23223
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Smokehouse Lofts
Rent Specials
$1,195
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,195
Total Monthly Price
$1,195
1 Bedroom Apartments Available Now

Smokehouse Lofts

110-114 S 15th StRichmond, VA 23219
Transit Friendly
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  • Utilities Included
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Explore The River City Like a Local: The Insider's Guide to Renting in Richmond, VA

Thinking of moving to Richmond, VA? Learn why "The River City" is a perfect blend of big-city amenities and small-town charm, offering a low cost of living, minimal traffic, and a rich cultural scene.

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property at 503 E Main St

$1,195

Total Monthly Price

Total Monthly Price

Base Rent
$1,195
Total Monthly Price
$1,195

1 Bedroom, 1 Bath Home for Rent

Available Now

503 E Main St

RichmondVA23219
property at 3119 4th Ave

$1,225

Total Monthly Price

Total Monthly Price

Base Rent
$1,225
Total Monthly Price
$1,225

2 Bedroom, 1 Bath Townhome for Rent

Available Now

3119 4th Ave

RichmondVA23222

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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The Shockoe Collection
$1,249 - $2,549
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,099 - $2,399
Required Monthly Fees
$150
Total Monthly Price
$1,249 - $2,549
1 to 3 Bedroom Apartments Available Now

The Shockoe Collection

104 Shockoe SlipRichmond, VA 23219
Student Housing
  • Verified
property at 604 N 32nd St

$1,250

Total Monthly Price

Total Monthly Price

Base Rent
$1,250
Total Monthly Price
$1,250

1 Bedroom, 1 Bath Home for Rent

Available Aug 6

604 N 32nd St

RichmondVA23223
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The Hub Apartments
Rent Specials
$1,294 - $2,245
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,199 - $2,150
Required Monthly Fees
$95
Total Monthly Price
$1,294 - $2,245
Studio to 2 Bedroom Apartments Available Now

The Hub Apartments

500 Maury StRichmond, VA 23224
Furnished
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The Trail Lofts
$1,295 - $2,462
Total Monthly Price

Total Monthly Price

Base Rent
$1,295 - $2,462
Total Monthly Price
$1,295 - $2,462
1 to 2 Bedroom Apartments Available Aug 10

The Trail Lofts

12 S 17th StRichmond, VA 23219
Transit Friendly
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  • Utilities Included
  • 3D Tour

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

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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 1 Bed unit found at 11 E Broad St priced from $749. Tobacco Landing has the second lowest priced unit, which is a 1 Bed apartment currently listed from $851. Here are the most affordable Peter Paul apartments for rent in Richmond, VA:

Apartment ListingModel NameBed/BathPriced From
11 E Broad St1 Beds, 1 Baths1BR,1BA$749
Tobacco LandingOne Bedroom1BR,1BA$851
Lofts and Upper Lofts at Canal Walk IIIStudioStudio,1BA$900
New Manchester FlatsThe Everett3BR,2BA$950
Creighton Renaissance ApartmentsOne Bedroom - B1BR,1BA$981
1822 Williamsburg Rd2 Beds, 1 Baths2BR,1BA$995
Van de VyverThe ReserveStudio,1BA$998
American Tobacco CollectionDill-A101BR,1BA$1,003
Kings Point Apartments1BR/1BA1BR,1BA$1,030
Lofts and Upper Lofts at Canal Walk - Canal I and Canal IICanal 236 StudioStudio,1BA$1,058

Best Value Apartments for Rent in Peter Paul, VA

As of July 29, 2026 the best value apartment in the Peter Paul area is the $1.31 price per square foot Two Bed Two Bath Model at Broadway Apartments in the in the Downtown Richmond neighborhood starting from $1,791. The second greatest value Peter Paul apartment is the Townhomes starting at $1080.00- Now Accepting A... Model at Townsend Square starting at $1,080 with a $0.94 price per square foot in the Chestnut Hill 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.
Broadway ApartmentsTwo Bed Two Bath2BR,2BA$1.31
Townsend SquareTownhomes starting at $1080.00- Now Accepting A...2BR,1BA$0.94
Marshall Street Apartments1 Bedroom / 1 Bath - 632sqft1BR,1BA$1.33
Glenwood Ridge Apartments2 bedroom2BR,2BA$1.13
Hatcher Tobacco Flats2X22BR,2BA$1.16
City View Place2 Bedroom2BR,1BA$1.18
Mortons Apartments1BR/1.0BA1BR,1BA$1.32
1822 Williamsburg Rd2 Beds, 1 Baths2BR,1BA$1.24
Creighton Renaissance ApartmentsOne Bedroom - B1BR,1BA$1.26
Tobacco LandingOne Bedroom1BR,1BA$1.29

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

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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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Pet Friendly Lifestyle
Peter Paul, Richmond, VA

Ranked #27

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Peter Paul, Richmond, VA

School data provided by Great Schools

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!

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 $1,058.

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

The cheapest apartment in Peter Paul is 11 E Broad St which is listed at $749, while the average apartment in Peter Paul costs $2,412.

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 145 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 $792 which is $1,620 cheaper than the average rent for all rentals in Peter Paul.

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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