
Cheap Apartments for Rent in the Sherwood Park Neighborhood of Richmond, VA from $300 (175 Rentals)
Search the lowest-cost Apartments available for rent right now in the Sherwood Park area of Richmond.


Chesterfield Apartments

Legacy at Imperial Village

3916 Chamberlayne Ave, Unit 4A

Liberty Circle Apartments

Total Monthly Price
3114 Barton Ave, Unit Apt B

Eagle Mill Lofts

714 N Arthur Ashe Blvd, Unit C

Van de Vyver

Total Monthly Price
1130 W Grace St
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
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.

Kensington, Patterson Place and Grove Ave

Bellevue

2400 Barton Ave

Grace & Monroe Apartments

The Foundry Apartments

Victory at Edgewood

Monroe Park Towers Apartments

District Square Apartments

The Concord Northside

The Biggs Building
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.

Park Northside Apartments

1607 Brookfield St

1608 Brookfield St

404 W Grace St, Unit 3

507 W Grace St

Cookie Factory Lofts

Total Monthly Price
Spectrum Apartments

Total Monthly Price
Iron House Apartments

1610 Fendall Ave

1605 Hickory St
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.

501 W Grace St, Unit B

Southern Stove Lofts

1510 W. Broad Street

417 Fritz St

104 Poe St

Courtyard Lofts

The Collection of Historic Richmond

Tapestry West

1005 Grove Ave Apartments

421 W Grace St
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.

421 W Grace St

308 W Broad St

Pierce Arrow

Total Monthly Price
Todd Lofts

505 W Grace St, Unit APT B

2602 Grove

Soda Flats

Total Monthly Price
2509 Seminary Ave, Unit # B

The 1805

303 S Arthur Ashe Blvd, Unit 8
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
Sherwood Park, Richmond, VA Local Guide

How much does it cost to rent an apartment in Sherwood Park?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Sherwood Park Studio Apartments | $1,558 | $835 | $7,149 |
| Sherwood Park 1 Bedroom Apartments | $1,824 | $799 | $8,167 |
| Sherwood Park 2 Bedroom Apartments | $2,335 | $939 | $10,000+ |
| Sherwood Park 3 Bedroom Apartments | $2,209 | $810 | $10,000+ |
| Sherwood Park 4 Bedroom Apartments | $921 | $710 | $2,550 |
Browse Apartments in this Neighborhood
There are currently 175 rentals with your search options within a 2 mile radius of the Sherwood Park Neighborhood of Richmond, VA.
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Sherwood Park, Richmond, VA Local Guide
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Cheapest Available Sherwood Park Apartments for Rent
 The cheapest available apartment rental in the Sherwood Park area of Richmond, VA is a 1 Bed unit found at Bloom Apartments II priced from $799. Legacy at Imperial Village has the second lowest priced unit, which is a Studio apartment currently listed from $835. Here are the most affordable Sherwood Park apartments for rent in Richmond, VA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Bloom Apartments II | 1Bed/1Bath: 456 sq ft | 1BR,1BA | $799 |
| Legacy at Imperial Village | Studio | Studio,1BA | $835 |
| Eagle Mill Lofts | 2bed 1bth | 2BR,1BA | $950 |
| 3618 Chamberlayne Ave | 1 Beds, 1 Baths | 1BR,1BA | $995 |
| Van de Vyver | The Reserve | Studio,1BA | $998 |
| The Stables | 1 Bedroom 1 Bathroom | 1BR,1BA | $1,055 |
| Bellevue | Madison | 1BR,1BA | $1,095 |
| The Foundry Apartments | One Bedroom | 1BR,1BA | $1,135 |
| Highland Terrace Apartments | 1-Bedroom | 1BR,1BA | $1,140 |
Best Value Apartments for Rent in Sherwood Park, VA
As of July 12, 2026 the best value apartment in the Sherwood Park area is the $0.62 price per square foot 2509 Seminary Ave Model at 2509 Seminary Ave, Unit # B in the in the Bellevue neighborhood starting from $1,395. The second greatest value Sherwood Park apartment is the 2BR/2.0BA Model at Park Plaza @ Belvidere starting at $2,014 with a $1.44 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 2509 Seminary Ave, Unit # B | 2509 Seminary Ave | 2BR,1BA | $0.62 |
| Park Plaza @ Belvidere | 2BR/2.0BA | 2BR,2BA | $1.44 |
| Jackson Street Lofts | 3 Bedroom / 3 Bath - 1,975sqft | 3BR,3BA | $1.69 |
| 1701 W Leigh St | 1701 W Leigh St | 2BR,1BA | $1.50 |
| 200 Minor Street Quad | 3 Beds, 1 Baths | 3BR,1BA | $1.18 |
| Stuart and Davis | 1 Bedroom / 1 Bath - 650sqft | 1BR,1BA | $1.40 |
| 1510 W. Broad Street | 1 Bedroom / 1 Bath - 599sqft | 1BR,1BA | $1.43 |
| Victory at Edgewood | 2 Bedroom 1 Bath Townhome - Renovated | 2BR,1BA | $1.66 |
| Highland Terrace Apartments | 1-Bedroom | 1BR,1BA | $1.57 |
| 3618 Chamberlayne Ave | 1 Beds, 1 Baths | 1BR,1BA | $1.37 |
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.
Read ArticleThe 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
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From 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 ArticleQuick Rent Budget Calculator
How much rent can you afford?
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.
Pet Friendly LifestyleSherwood Park, Richmond, VA
Ranked #30
Among cities in Virginia for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in Sherwood Park, Richmond, VA
School data provided by Great Schools
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!
Frequently Asked Questions about Cheap Sherwood Park Apartments
What is a cheap apartment in Sherwood Park?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Sherwood Park is under $1,140.
What is the price of a cheap apartment in Sherwood Park?
The cheapest apartment in Sherwood Park is Bloom Apartments II which is listed at $799, while the average apartment in Sherwood Park costs $2,180.
What types of apartments are the cheapest in Sherwood Park?
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 145 regular apartments in Sherwood Park 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 Sherwood Park?
Cheap apartments in Sherwood Park have an average cost of $500 which is $1,680 cheaper than the average rent for all rentals in Sherwood Park.
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

A Local Expert's 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.

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.

Explore The River City Like a Local: The Insider's 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.

Your Richmond Neighborhood Guide: Living Near the City's Top Employers
Written by: Richard Corrigan
Richmond is a beautiful place to live and work. The city has something for everyone—historic charm, trendy shops and boutiques, world-class restaurants and amazing urban parks and green spaces.
Articles, How-To's, and Tips

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.