Cheap Apartments for Rent in the Randolph Neighborhood of Richmond, VA from $500 (154 Rentals)

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

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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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.

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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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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.

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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

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Randolph, Richmond, VA Local Guide

Cheapest Available Randolph Apartments for Rent

 

The cheapest available apartment rental in the Randolph area of Richmond, VA is a 2 Beds unit found at New Manchester Flats priced from $835. Towers on Franklin has the second lowest priced unit, which is a Studio apartment currently listed from $850. Here are the most affordable Randolph apartments for rent in Richmond, VA:

Apartment ListingModel NameBed/BathPriced From
New Manchester FlatsThe Maury2BR,2BA$835
Towers on FranklinHarrisonStudio,1BA$850
Hatcher Tobacco Flats1X11BR,1BA$933
Ashton Square ApartmentsAshley1BR,1BA$975
Van de VyverThe ReserveStudio,1BA$998
Miller Lofts @ Plant Zero1 Bedroom 1 Bath1BR,1BA$999
Hopper LoftsA21BR,1BA$999
Eagle Mill Lofts1 bed 1bth1BR,1BA$1,000
Belle SummitRainer2BR,2BA$1,020

Best Value Apartments for Rent in Randolph, VA

As of February 05, 2026 the best value apartment in the Randolph area is the $1.06 price per square foot Two Bed Two Bath Model at Broadway Apartments in the in the Downtown Richmond neighborhood starting from $1,446. The second greatest value Randolph apartment is the 2106 Parkwood Ave Model at 2106 Parkwood Ave, Unit 1 starting at $1,795 with a $1.33 price per square foot in the Near West neighborhood. Here is today’s list of the best values for Randolph apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Broadway ApartmentsTwo Bed Two Bath2BR,2BA$1.06
2106 Parkwood Ave, Unit 12106 Parkwood Ave2BR,2BA$1.33
The BerkshireClay1BR,1BA$1.33
Ascend RVA Student Living3X33BR,3BA$1.03
209 E Main StUnit 208A2BR,1BA$1.36
27th Townhomes2 Bedroom 1 Bath - 258132BR,1BA$1.16
Miller Lofts @ Plant Zero2 Bedroom 2 Bath2BR,2BA$1.36
City View Place2 Bedroom Unit2BR,1.5BA$1.18
Belle SummitRainer2BR,2BA$1.21
Hatcher Tobacco Flats1X11BR,1BA$1.40

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 Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Cash 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.

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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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Quick Rent Budget Calculator

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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.

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Lifestyle Ratings

This website compares millions of points of data to bring you Lifestyle Ratings of neighborhoods, cities, and rental properties across Virginia, including Richmond. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including rankings of the best places for easy access to the parks, luxury amenities, transit availability, pet-friendly communities, features that make it easier to raise kids, and more. These search options are in the site filters at the top of this page.

Frequently Asked Questions about Cheap Randolph Apartments

What is a cheap apartment in Randolph?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Randolph is under $1,020.

What is the price of a cheap apartment in Randolph?

The cheapest apartment in Randolph is Hatcher Tobacco Flats which is listed at $933, while the average apartment in Randolph costs $2,394.

What types of apartments are the cheapest in Randolph?

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 199 regular apartments in Randolph 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 Randolph?

Cheap apartments in Randolph have an average cost of $447 which is $1,947 cheaper than the average rent for all rentals in Randolph.

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.

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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.

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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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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.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger 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.