Cheap Apartments for Rent in the Sherwood Park Neighborhood of Richmond, VA from $400 (104 Rentals)

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

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

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

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

Sherwood Park - One of the Best Affordable Neighborhoods in Richmond

Named as one of the Best Affordable Neighborhoods to rent in Richmond by our Local Expert Richard Corrigan. See how it ranks!

Richmond’s Best Affordable Neighborhoods

Learn about Richmond and the best affordable places to live by our Local Expert Richard Corrigan

Sherwood Park, Richmond, VA Local Guide

Cheapest Available Sherwood Park Apartments for Rent

 

The cheapest available apartment rental in the Sherwood Park area of Richmond, VA is a Studio unit found at Legacy at Imperial Village priced from $835. Bloom Apartments II has the second lowest priced unit, which is a 1 Bed apartment currently listed from $899. Here are the most affordable Sherwood Park apartments for rent in Richmond, VA:

Apartment ListingModel NameBed/BathPriced From
Legacy at Imperial VillageStudioStudio,1BA$835
Bloom Apartments II1Bed/1Bath: 456 sq ft1BR,1BA$899
Eagle Mill Lofts2bed 1bth2BR,1BA$950
Van de VyverThe ReserveStudio,1BA$998
The Foundry ApartmentsOne Bedroom1BR,1BA$1,013
Coliseum LoftsE2.2Studio,1BA$1,049
The Stables1 Bedroom 1 Bathroom1BR,1BA$1,055
BellevueSmall 1 Bedroom1BR,1BA$1,080
Legacy ApartmentsOne Bedroom, One Bath1BR,1BA$1,085
4306 Chamberlayne Ave1 Beds, 1 Baths1BR,1BA$1,125

Best Value Apartments for Rent in Sherwood Park, VA

As of July 21, 2025 the best value apartment in the Sherwood Park area is the $1.45 price per square foot The Overbrook Model at The Westbrook Townhomes at Brewers Row in the in the Bellevue neighborhood starting from $3,995. The second greatest value Sherwood Park apartment is the 308 E Leigh St Model at 308 E Leigh St, Unit 1 starting at $2,450 with a $1.35 price per square foot in the Downtown Richmond neighborhood. Here is today’s list of the best values for Sherwood Park apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Westbrook Townhomes at Brewers RowThe Overbrook3BR,2.5BA$1.45
308 E Leigh St, Unit 1308 E Leigh St3BR,2BA$1.35
1714 W Cary St, Unit 41714 W Cary St2BR,2.5BA$1.63
Marshall Park4x2 - Priced Per Bedroom4BR,2BA$0.51
Park Plaza @ Belvidere2BR/2.0BA2BR,2BA$1.45
1300 Grove Ave, Unit 31300 Grove Ave2BR,1BA$1.17
Iron House Apartments3 Bedroom 2 Bath3BR,2BA$1.55
1510 W Broad St - Residential2BR/2.0BA2BR,2BA$1.54
4306 Chamberlayne Ave1 Beds, 1 Baths1BR,1BA$1.29
The Foundry ApartmentsOne Bedroom1BR,1BA$1.61

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Sherwood Park, Richmond, VA

Ranked #35

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 and neighborhoods across the USA, including Richmond. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including filtering automatically for convenient access to the outdoors, luxury housing options, kid and pet-friendly communities, availability of transit options, in addition to floorplans, availablity, and pricing. Find Lifestyle Search in the filter options (above). Happy Searching!

Getting Around the Sherwood Park Neighborhood in Richmond, VA

Walk Score®

44 / 100

Car-Dependent

Most errands require a car

Bike Score®

54 / 100

Bikeable

Some bike infrastructure

Transit Score®

38 / 100

Some Transit

A few nearby public transportation options

Frequently Asked Questions about Cheap Sherwood Park Apartments

What is the Cheapest Studio apartment in Sherwood Park?

Currently the most affordable Cheap Studio Apartment in Sherwood Park is at Legacy at Imperial Village listed at $835.

How much is rent for a Cheap One Bedroom Sherwood Park Apartment?

The lowest price for a Cheap One Bedroom Sherwood Park Apartment is $899 at Bloom Apartments II.

What is the lowest price for a Cheap Two Bedroom Sherwood Park Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Sherwood Park is starting from $950 at Eagle Mill Lofts.

What is the most affordable Sherwood Park Three Bedroom Apartment?

The best deal on a cheap Sherwood Park Three Bedroom Apartment rental is at Parc View at Commonwealth and starts from $1,199.

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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.