
Cheap Apartments for Rent in the Southwood Neighborhood of Richmond, VA from $700 (48 Rentals)
Search the lowest-cost Apartments available for rent right now in the Southwood area of Richmond.


2500 Bainbridge St

Townhouses Of Chesterfield

Kingly Ones and Briarwood Court Apartments

Total Monthly Price
3809 McGuire Dr, Unit B, Unit B

6428 Elkhardt Rd

6434 Elkhardt Rd

2418 Perry St

Norcroft Townhomes-55 and older
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.

3511 Broad Rock Blvd

Total Monthly Price
Residence at Brookside

Total Monthly Price
3615 Stockton St, Unit 4., Unit 4.

Park at Forest Hill

Park Vue

Forest Hill

Total Monthly Price
Woodbriar Apartments

Deering Manor

Forest Square Apartments
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.

Brookmont

Total Monthly Price
700 West 44

2908 Richmond Hwy N

Total Monthly Price
404 Rivertowne Apartment Homes

THE WARWICK AT FOUNDRY CREEK

Total Monthly Price
Rock Creek

THE CASCADE AT FOUNDRY CREEK

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James River Pointe

Total Monthly Price
Meadow Creek Apartments
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.

The Arbors at Hull Street Senior Apartments

Morningside Apartments

Manchester Lake Townhomes

Total Monthly Price
The Gardens at Manchester

Shady Creek

Total Monthly Price
The Crossings at Bramblewood

Total Monthly Price
Chesterfield Flats

Alexander at 1090

1211 Porter St
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.

Manchester Grand Apartments

Westover Hills Townhomes

206 E 37th St

Foxwood

Southgate

Kingswood Cove

Linden At Forest Hill

27th Townhomes

310 W 31st
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.

Tuscany Townhomes

The Riviera on Semmes

1514 Bainbridge St
Southwood, Richmond, VA Local Guide

How much does it cost to rent an apartment in Southwood?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Southwood Studio Apartments | $837 | $715 | $1,045 |
| Southwood 1 Bedroom Apartments | $1,291 | $825 | $1,905 |
| Southwood 2 Bedroom Apartments | $1,384 | $930 | $2,220 |
| Southwood 3 Bedroom Apartments | $1,684 | $1,385 | $2,645 |
Browse Apartments in this Neighborhood
There are currently 48 rentals with your search options within a 2 mile radius of the Southwood Neighborhood of Richmond, VA.
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Southwood, Richmond, VA Local Guide
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Cheapest Available Southwood Apartments for Rent
 The cheapest available apartment rental in the Southwood area of Richmond, VA is a 1 Bed unit found at Manchester Grand Apartments priced from $770. Townhouses of Chesterfield II has the second lowest priced unit, which is a Studio apartment currently listed from $809. Here are the most affordable Southwood apartments for rent in Richmond, VA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Manchester Grand Apartments | 1 Bedroom, 1 Bathroom | 1BR,1BA | $770 |
| Townhouses of Chesterfield II | Magnolia | Studio,1BA | $809 |
| Kingly Ones and Briarwood Court Apartments | 1 Bedroom | 1BR,1BA | $825 |
| Kingswood Cove | One Bedroom One Bath | 1BR,1BA | $995 |
| Residence at Brookside | One Bedroom Galley Style | 1BR,1BA | $1,083 |
| Park Vue | 2 Bedroom Townhome | 2BR,1BA | $1,084 |
| Brookmont | 2 Bedroom 1 Bath | 2BR,1BA | $1,149 |
| 700 West 44 | One Bedroom | 1BR,1BA | $1,151 |
| Park at Forest Hill | Byrd | 1BR,1BA | $1,155 |
Best Value Apartments for Rent in Southwood, VA
As of May 02, 2026 the best value apartment in the Southwood area is the $1.23 price per square foot Two Bedroom Two Bath Large Premier Model at The Gardens at Manchester in the in the Old South neighborhood starting from $1,325. The second greatest value Southwood apartment is the 2 Bedroom 1 Bath - 46973 Model at 27th Townhomes starting at $1,280 with a $1.26 price per square foot in the Old South neighborhood. Here is today’s list of the best values for Southwood apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Gardens at Manchester | Two Bedroom Two Bath Large Premier | 2BR,2BA | $1.23 |
| 27th Townhomes | 2 Bedroom 1 Bath - 46973 | 2BR,1BA | $1.26 |
| Townhouses Of Chesterfield | Pine | 2BR,1.5BA | $1.27 |
| The Arbors at Hull Street Senior Apartments | 1X1 | 1BR,1BA | $1.32 |
| Manchester Lake Townhomes | Mallard | 2BR,1.5BA | $1.47 |
| Morningside Apartments | White Oak Tax Credit | 2BR,1BA | $1.51 |
| Brookmont | 2 Bedroom 1 Bath | 2BR,1BA | $1.38 |
| Park Vue | 2 Bedroom Townhome | 2BR,1BA | $1.51 |
| 3809 McGuire Dr, Unit B | 3809 McGuire Dr | 2BR,1BA | $1.33 |
| Kingly Ones and Briarwood Court Apartments | 1 Bedroom | 1BR,1BA | $1.38 |
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.
Read Article10 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.
Read ArticleDon'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 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.
Read ArticleCash 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.
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 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.
Best Local Schools in Southwood, Richmond, VA
School data provided by Great Schools
Frequently Asked Questions about Cheap Southwood Apartments
What is the price of a cheap apartment in Southwood?
The cheapest apartment in Southwood is Manchester Grand Apartments which is listed at $770, while the average apartment in Southwood costs $1,606.
What types of apartments are the cheapest in Southwood?
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 59 regular apartments in Southwood 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 Southwood?
Cheap apartments in Southwood have an average cost of $416 which is $1,190 cheaper than the average rent for all rentals in Southwood.
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 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.

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 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

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.

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.

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.

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.