
Cheap Apartments for Rent in the Peter Paul Neighborhood of Richmond, VA from $500 (201 Rentals)
Search the lowest-cost Apartments available for rent right now in the Peter Paul area of Richmond.


Total Monthly Price
1204 N 20th St, Unit Apt 2

1204 N 20th St

2603 5th Ave

Total Monthly Price
Creighton Renaissance Apartments

New Manchester Flats

The Hill Building

Van de Vyver

Jefferson Townhouses

Total Monthly Price
The Masonry Apartments
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.

Hopper Lofts

Flats at 25th

Total Monthly Price
American Tobacco Collection

Kings Point Apartments

Green Park Apartments

927 N 20th St

Linden at Highland Park

Total Monthly Price
Townsend Square

Flats at 14th

District Square Apartments
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.

The Edison

The Mezzo Lofts

River Lofts at Tobacco Row

Residences at the John Marshall

The Attain

Glenwood Ridge Apartments

Mortons Apartments

The Corner Lofts

2400 Barton Ave

Miller Lofts @ Plant Zero
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

Centennial Terrace

Atrium on Broad Apartments

2416 Barton Ave

1100 Hull Street Apartments

Total Monthly Price
The Villas of Oakwood

The Oliver

The Concord Northside

1901-1915 Whitcomb

The Overlook at City View

Smokehouse Lofts
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.

219 N 19th St, Unit 33

1007 N 25th St

Shockoe Valley View

3 N 18th St

1710 Lofts

Revival

Railyard Flats

South Bank

Cigar Lofts

1605 Hickory St
The Art of the Rental Viewing: What to look for during a property tour
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.
Peter Paul, Richmond, VA Local Guide

How much does it cost to rent an apartment in Peter Paul?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Peter Paul Studio Apartments | $1,401 | $995 | $2,300 |
| Peter Paul 1 Bedroom Apartments | $1,495 | $700 | $2,750 |
| Peter Paul 2 Bedroom Apartments | $1,805 | $939 | $4,638 |
| Peter Paul 3 Bedroom Apartments | $2,218 | $819 | $3,059 |
| Peter Paul 4 Bedroom Apartments | $1,174 | $729 | $1,620 |
Browse Apartments in this Neighborhood
There are currently 201 rentals with your search options within a 2 mile radius of the Peter Paul Neighborhood of Richmond, VA.
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Peter Paul, Richmond, VA Local Guide
- Nearby Richmond neighborhoods
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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 Hatcher Tobacco Flats priced from $720. Creighton Renaissance Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $926. Here are the most affordable Peter Paul apartments for rent in Richmond, VA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Hatcher Tobacco Flats | 1X1 | 1BR,1BA | $720 |
| Creighton Renaissance Apartments | One Bedroom - D | 1BR,1BA | $926 |
| Mallard Greens | 2 Reno | 2BR,1BA | $935 |
| Highland Terrace Apartments | 2-Bedroom | 2BR,2BA | $946 |
| New Manchester Flats | The Everett | 3BR,2BA | $950 |
| The Hill Building | Studio | Studio,1BA | $995 |
| 1822 Williamsburg Rd | 2 Beds, 1 Baths | 2BR,1BA | $995 |
| Van de Vyver | The Reserve | Studio,1BA | $998 |
| Dill Building | Dill-A1 | 1BR,1BA | $1,012 |
Best Value Apartments for Rent in Peter Paul, VA
As of April 29, 2026 the best value apartment in the Peter Paul area is the $0.91 price per square foot Canal 236 1 Bed Model at Lofts and Upper Lofts at Canal Walk - Canal I and Canal II in the in the Downtown Richmond neighborhood starting from $1,178. The second greatest value Peter Paul apartment is the 2 Beds 1 Bath Model at 110 E Cary St starting at $1,500 with a $1.26 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Lofts and Upper Lofts at Canal Walk - Canal I and Canal II | Canal 236 1 Bed | 1BR,1BA | $0.91 |
| 110 E Cary St | 2 Beds 1 Bath | 2BR,1BA | $1.26 |
| Townsend Square | Townhomes starting at $1080.00- Now Accepting A... | 2BR,1BA | $0.94 |
| Trolley Lofts | 2 Bedroom / 2 Bath - 700sqft | 2BR,2BA | $1.18 |
| Glenwood Ridge Apartments | 2 bedroom | 2BR,2BA | $1.13 |
| Hatcher Tobacco Flats | 2X2 | 2BR,2BA | $1.17 |
| City View Place | 2 Bedroom Unit | 2BR,1.5BA | $1.18 |
| Tobacco Landing | Two Bedroom | 2BR,2BA | $1.14 |
| 1822 Williamsburg Rd | 2 Beds, 1 Baths | 2BR,1BA | $1.24 |
| 1527 Mechanicsville Tpke | 1527 Mechanicsville Tpke | 1BR,1BA | $1.25 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon'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.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
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Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
Read ArticleThe 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
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Pet Friendly LifestylePeter Paul, Richmond, VA
Ranked #28
Among cities in Virginia for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in Peter Paul, Richmond, VA
Martin Luther King Jr. Middle
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 $1,012.
What is the price of a cheap apartment in Peter Paul?
The cheapest apartment in Peter Paul is Hatcher Tobacco Flats which is listed at $720, while the average apartment in Peter Paul costs $2,371.
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 119 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 $417 which is $1,954 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.
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.
Articles, How-To's, and Tips

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
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.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.