Cheap Apartments for Rent in the Peter Paul Neighborhood of Richmond, VA from $500 (201 Rentals)

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

property at 1204 N 20th St

$887

Total Monthly Price

Total Monthly Price

Base Rent
$825
Required Monthly Fees
$62

Total Monthly Price
$887

1 Bedroom, 1 Bath Home for Rent

Available Now

1204 N 20th St

RichmondVA23223
property at 2603 5th Ave

$895

Total Monthly Price

Total Monthly Price

Base Rent
$895

Total Monthly Price
$895

1 Bedroom, 1 Bath Home for Rent

Available Now

2603 5th Ave

RichmondVA23222
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The Masonry Apartments
Rent Specials
$1,016 - $2,090
Total Monthly Price

Total Monthly Price

Base Rent
$925 - $1,999
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
  • Verified
  • Customer Reviewed
  • Low Income

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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

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.

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property at 2416 Barton Ave

$1,150

Total Monthly Price

Total Monthly Price

Base Rent
$1,150

Total Monthly Price
$1,150

3 Bedroom, 1 Bath Home for Rent

Available May 1

2416 Barton Ave

RichmondVA23222
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The Villas of Oakwood
$1,174 - $1,370
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,174 - $1,370

Total Monthly Price
Varies
2 Bedroom Apartments Available Now

The Villas of Oakwood

3508 E Richmond RdRichmond, VA 23223
Affordability
  • Verified
  • Customer Reviewed
  • 3D Tour

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.

property at 1007 N 25th 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

1007 N 25th St

RichmondVA23223
property at 3 N 18th St

$1,200

Total Monthly Price

Total Monthly Price

Base Rent
$1,200

Total Monthly Price
$1,200

Studio, 1 Bath Home for Rent

Available Now

3 N 18th St

RichmondVA23223
property at 1605 Hickory St

$1,249

Total Monthly Price

Total Monthly Price

Base Rent
$1,249

Total Monthly Price
$1,249

2 Bedroom, 1 Bath Home for Rent

Available Now

1605 Hickory St

RichmondVA23222

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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 $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 ListingModel NameBed/BathPriced From
Hatcher Tobacco Flats1X11BR,1BA$720
Creighton Renaissance ApartmentsOne Bedroom - D1BR,1BA$926
Mallard Greens2 Reno2BR,1BA$935
Highland Terrace Apartments2-Bedroom2BR,2BA$946
New Manchester FlatsThe Everett3BR,2BA$950
The Hill BuildingStudioStudio,1BA$995
1822 Williamsburg Rd2 Beds, 1 Baths2BR,1BA$995
Van de VyverThe ReserveStudio,1BA$998
Dill BuildingDill-A11BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Lofts and Upper Lofts at Canal Walk - Canal I and Canal IICanal 236 1 Bed1BR,1BA$0.91
110 E Cary St2 Beds 1 Bath2BR,1BA$1.26
Townsend SquareTownhomes starting at $1080.00- Now Accepting A...2BR,1BA$0.94
Trolley Lofts2 Bedroom / 2 Bath - 700sqft2BR,2BA$1.18
Glenwood Ridge Apartments2 bedroom2BR,2BA$1.13
Hatcher Tobacco Flats2X22BR,2BA$1.17
City View Place2 Bedroom Unit2BR,1.5BA$1.18
Tobacco LandingTwo Bedroom2BR,2BA$1.14
1822 Williamsburg Rd2 Beds, 1 Baths2BR,1BA$1.24
1527 Mechanicsville Tpke1527 Mechanicsville Tpke1BR,1BA$1.25

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The Ultimate Renter's Guide for Finding the Perfect Student Friendly Richmond Neighborhood to Rent

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Pet Friendly Lifestyle
Peter Paul, Richmond, VA

Ranked #28

Among cities in Virginia 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!

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

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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.

decorative image for Your Guide to Picking the Perfect Richmond Neighborhood for Student Renters article

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.

decorative image for Explore The River City Like a Local: The Insiders Guide to Renting in Richmond, VA article

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

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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.

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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.

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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.

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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.