Search the lowest-cost Apartments available for rent right now in the Peter Paul area of Richmond.
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.
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.
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.
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Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Peter Paul Studio Apartments | $1,417 | $995 | $2,037 |
| Peter Paul 1 Bedroom Apartments | $1,514 | $887 | $2,750 |
| Peter Paul 2 Bedroom Apartments | $1,804 | $939 | $4,280 |
| Peter Paul 3 Bedroom Apartments | $2,265 | $819 | $3,059 |
| Peter Paul 4 Bedroom Apartments | $2,556 | $729 | $5,876 |
There are currently 162 rentals with your search options within a 2 mile radius of the Peter Paul Neighborhood of Richmond, VA.
See all Apartments in RichmondThe cheapest available apartment rental in the Peter Paul area of Richmond, VA is a 1 Bed unit found at Creighton Renaissance Apartments priced from $926. Highland Terrace Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $946. Here are the most affordable Peter Paul apartments for rent in Richmond, VA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Creighton Renaissance Apartments | One Bedroom - D | 1BR,1BA | $926 |
| Highland Terrace Apartments | 2-Bedroom | 2BR,2BA | $946 |
| American Tobacco Collection | SCenter-A4 | 1BR,1BA | $962 |
| The Hill Building | Studio | Studio,1BA | $995 |
| 2201-2231 Williamsburg Rd | 2 Beds, 1 Baths | 2BR,1BA | $995 |
| 1822 Williamsburg Rd | 2 Beds, 1 Baths | 2BR,1BA | $995 |
| Van de Vyver | The Reserve | Studio,1BA | $998 |
| New Manchester Flats | The Decatur | 1BR,1BA | $999 |
| Kings Point Apartments | 1BR/1BA | 1BR,1BA | $1,030 |
| Green Park Apartments | 2 Bedroom | 2BR,1BA | $1,037 |
As of June 13, 2026 the best value apartment in the Peter Paul area is the $1.36 price per square foot 16 W Broad St Model at 16 W Broad St, Unit Apartment 1 in the in the Downtown Richmond neighborhood starting from $1,900. The second greatest value Peter Paul apartment is the 2 Bedroom 2 Bath - 30004 Model at 10 Walnut Alley starting at $1,555 with a $1.24 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. |
|---|---|---|---|
| 16 W Broad St, Unit Apartment 1 | 16 W Broad St | 3BR,2BA | $1.36 |
| 10 Walnut Alley | 2 Bedroom 2 Bath - 30004 | 2BR,2BA | $1.24 |
| Townsend Square | Townhomes starting at $1080.00- Now Accepting A... | 2BR,1BA | $0.94 |
| 200 Minor Street Quad | 3 Beds, 1 Baths | 3BR,1BA | $1.18 |
| 210 E Grace St | 2 Bed/2 Bath | 2BR,2BA | $1.35 |
| Glenwood Ridge Apartments | 2 bedroom | 2BR,2BA | $1.13 |
| Hatcher Tobacco Flats | 2X2 | 2BR,2BA | $1.17 |
| Tobacco Landing | Two Bedroom | 2BR,2BA | $1.33 |
| Mallard Greens | Make Your Move to Mallard Greens Townhomes Today!! | 2BR,1BA | $1.33 |
| 1822 Williamsburg Rd | 2 Beds, 1 Baths | 2BR,1BA | $1.24 |
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 ArticleLearn about the best neighborhoods for student renters near Richmond Colleges and Universities by our Local Expert Richard Corrigan
Read ArticleFrom 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.
Read ArticleThe 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.
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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!
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Peter Paul is under $1,037.
The cheapest apartment in Peter Paul is Creighton Renaissance Apartments which is listed at $926, while the average apartment in Peter Paul costs $2,392.
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 140 regular apartments in Peter Paul that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
Cheap apartments in Peter Paul have an average cost of $624 which is $1,768 cheaper than the average rent for all rentals in Peter Paul.
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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