Cheap Apartments for Rent in the Shockoe Slip Neighborhood of Richmond, VA from $500 (170 Rentals)

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

property at 1019 W Leigh St

$995

Total Monthly Price

Total Monthly Price

Base Rent
$995
Total Monthly Price
$995

1 Bedroom, 1 Bath Home for Rent

Available Now

1019 W Leigh St

RichmondVA23220
property at 1017 W Leigh St

$995

Total Monthly Price

Total Monthly Price

Base Rent
$995
Total Monthly Price
$995

1 Bedroom, 1 Bath Home for Rent

Available Now

1017 W Leigh St

RichmondVA23220

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.

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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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Towers on Franklin
Rent Specials
$1,035 - $2,199
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$900 - $2,064
Required Monthly Fees
$135
Total Monthly Price
$1,035 - $2,199
Studio to 2 Bedroom Apartments Available Now

Towers on Franklin

104 W Franklin StRichmond, VA 23220
Student Housing
  • Verified
  • Customer Reviewed
  • 3D Tour
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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Coliseum Lofts
Rent Specials
$1,104 - $2,881
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,092 - $2,869
Required Monthly Fees
$12
Total Monthly Price
$1,104 - $2,881
Studio to 3 Bedroom Apartments Available Now

Coliseum Lofts

1335-1387 W Broad StRichmond, VA 23220
Student Housing
  • Verified
  • Customer Reviewed
  • Utilities Included

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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2000 Riverside Apartments
Rent Specials
$1,150 - $1,787
Total Monthly Price

Total Monthly Price

Base Rent
$1,150 - $1,787
Total Monthly Price
$1,150 - $1,787
Studio to 2 Bedroom Apartments Available Now

2000 Riverside Apartments

2000 Riverside DrRichmond, VA 23225
Family Friendly
  • Verified
  • Customer Reviewed
  • Utilities Included

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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property at 1209 Wallace St

$1,150

Total Monthly Price

Total Monthly Price

Base Rent
$1,150
Total Monthly Price
$1,150

1 To 3 Bedroom Rentals

Available Now

1209 Wallace St

RichmondVA23220

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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Showing Results 1-50, Page 1 of 4

Shockoe Slip, Richmond, VA Local Guide

Cheapest Available Shockoe Slip Apartments for Rent

 

The cheapest available apartment rental in the Shockoe Slip area of Richmond, VA is a 1 Bed unit found at Hatcher Tobacco Flats priced from $720. Manchester Grand Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $770. Here are the most affordable Shockoe Slip apartments for rent in Richmond, VA:

Apartment ListingModel NameBed/BathPriced From
Hatcher Tobacco Flats1X11BR,1BA$720
Manchester Grand Apartments1 Bedroom, 1 Bathroom1BR,1BA$770
Creighton Renaissance ApartmentsOne Bedroom - D1BR,1BA$926
Mallard Greens2 Reno2BR,1BA$935
Eagle Mill Lofts2bed 1bth2BR,1BA$950
New Manchester FlatsThe Everett3BR,2BA$950
Shockoe CenterSCenter-A31BR,1BA$974
Van de VyverThe ReserveStudio,1BA$998
Jefferson Townhouses1X11BR,1BA$1,000

Best Value Apartments for Rent in Shockoe Slip, VA

As of May 03, 2026 the best value apartment in the Shockoe Slip area is the $0.51 price per square foot 4x2 - Priced Per Bedroom Model at Marshall Park in the in the Downtown Richmond neighborhood starting from $750. The second greatest value Shockoe Slip apartment is the Three Bedroom Two Bath Large Premier Model at The Gardens at Manchester starting at $1,655 with a $1.23 price per square foot in the Old South neighborhood. Here is today’s list of the best values for Shockoe Slip apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Marshall Park4x2 - Priced Per Bedroom4BR,2BA$0.51
The Gardens at ManchesterThree Bedroom Two Bath Large Premier3BR,2BA$1.23
Lofts and Upper Lofts at Canal Walk - Canal I and Canal IICanal 236 1 Bed1BR,1BA$0.96
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
Tobacco LandingTwo Bedroom2BR,2BA$1.14
Belle SummitRainer2BR,2BA$1.21
1527 Mechanicsville Tpke1527 Mechanicsville Tpke1BR,1BA$1.25

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Learn the property manager's true secrets to a zero-deduction move-out. Use this step-by-step guide on documentation, cleaning, and lease-reading to reclaim your security deposit.

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10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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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Pet Friendly Lifestyle
Shockoe Slip, Richmond, VA

Ranked #8

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

This website is happy to bring you our detailed rental search system called 'Lifestyle ratings', composed of rentals and neighborhoods across the USA, including Shockoe Slip, Richmond, and the greater Richmond area. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including searching for the best amenities, and the best outdoor access, transit availability, pet-friendly communities, places to raise kids, and other valuable search options. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Frequently Asked Questions about Cheap Shockoe Slip Apartments

What is a cheap apartment in Shockoe Slip?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Shockoe Slip is under $1,000.

What is the price of a cheap apartment in Shockoe Slip?

The cheapest apartment in Shockoe Slip is Hatcher Tobacco Flats which is listed at $720, while the average apartment in Shockoe Slip costs $2,225.

What types of apartments are the cheapest in Shockoe Slip?

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 276 regular apartments in Shockoe Slip 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 Shockoe Slip?

Cheap apartments in Shockoe Slip have an average cost of $546 which is $1,679 cheaper than the average rent for all rentals in Shockoe Slip.

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

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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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.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.