Cheap Apartments for Rent in the Peter Paul Neighborhood of Richmond, VA from $500 (86 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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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 Hatcher Tobacco Flats priced from $933. Creighton Renaissance Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $981. Here are the most affordable Peter Paul apartments for rent in Richmond, VA:

Apartment ListingModel NameBed/BathPriced From
Hatcher Tobacco Flats1X11BR,1BA$933
Creighton Renaissance ApartmentsOne Bedroom - B1BR,1BA$981
Kings Point Apartments1BR/1BA1BR,1BA$990
The Masonry ApartmentsMasonry BF-A11BR,1BA$995
Van de VyverThe ReserveStudio,1BA$998
New Manchester FlatsThe James1BR,1BA$999
Jefferson Townhouses1X11BR,1BA$1,000
The Mezzo LoftsMontage Gallery - StudiosStudio,1BA$1,003
Cedar BroadA2b1BR,1BA$1,045

Best Value Apartments for Rent in Peter Paul, VA

As of November 01, 2025 the best value apartment in the Peter Paul area is the $1.26 price per square foot Canal 236 2 Beds Model at Lofts and Upper Lofts at Canal Walk in the in the Downtown Richmond neighborhood starting from $1,637. The second greatest value Peter Paul apartment is the B1.1 Model at Raven Place starting at $1,730 with a $1.47 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.
Lofts and Upper Lofts at Canal WalkCanal 236 2 BedsStudio ,1BA$1.26
Raven PlaceB1.12BR,2BA$1.47
Mortons Apartments1BR/1.5BA1BR,1.5BA$1.46
Flats at 25thElevation2BR,2BA$1.41
Marshall Street Apartments1BR/1.0BA1BR,1BA$1.25
City View Place2 Bedroom Unit2BR,1.5BA$1.18
Mallard GreensTWO BEDROOMS JUST FOR YOU!! AVAILABLE NOW - WH...2BR,1BA$1.33
Atrium Lofts at Cold StorageOne Bedroom1BR,1BA$1.52
Hatcher Tobacco Flats1X11BR,1BA$1.41
1527 Mechanicsville Tpke, Unit 11527 Mechanicsville Tpke1BR,1BA$1.17

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Peter Paul, Richmond, VA

Ranked #24

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!

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

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

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 $1,045.

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 $933, while the average apartment in Peter Paul costs $2,180.

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 196 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 $980 which is $1,200 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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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.