
Cheap Apartments for Rent in the Southwood Neighborhood of Richmond, VA from $700 (29 Rentals)
Search the lowest-cost Apartments available for rent right now in the Southwood area of Richmond.


Townhouses of Chesterfield II

Townhouses Of Chesterfield

Kingly Ones and Briarwood Court Apartments

2500 Bainbridge St

Total Monthly Price
3809 McGuire Dr, Unit B

2500 Bainbridge St
The Richmond Renter's Guide to Living Near Work
Get the inside scoop on Richmond's most livable neighborhoods and find the perfect apartment close to where you work. Our local expert breaks it all down by the city's top employers like VCU Health and Costar.

404 Rivertowne Apartment Homes

Total Monthly Price
Residence at Brookside

Norcroft Townhomes-55 and older

Park at Forest Hill

Total Monthly Price
Woodbriar Apartments

Park Vue

Forest Hill
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

Total Monthly Price
Chesterfield Flats

Deering Manor

Swansboro Place

Brookmont

Forest Square Apartments

Total Monthly Price
700 West 44

1518 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

Foxwood

Southgate

Kingswood Cove

3909 Larchmont Ln

4111 Kinsley Ave
Richmond’s Best Affordable Neighborhoods
Learn about Richmond and the best affordable places to live by our Local Expert Richard Corrigan

Linden At Forest Hill
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 | $788 | $715 | $819 |
| Southwood 1 Bedroom Apartments | $1,241 | $825 | $1,830 |
| Southwood 2 Bedroom Apartments | $1,425 | $940 | $2,199 |
| Southwood 3 Bedroom Apartments | $1,721 | $1,384 | $2,615 |
| Southwood 4 Bedroom Apartments | $1,950 | $1,950 | $1,950 |
Browse Apartments in this Neighborhood
There are currently 29 rentals with your search options within a 2 mile radius of the Southwood Neighborhood of Richmond, VA.
See all Apartments in RichmondExplore Richmond
Southwood, Richmond, VA Local Guide
- Nearby Richmond neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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. Kingly Ones and Briarwood Court Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $825. 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 |
| Kingly Ones and Briarwood Court Apartments | 1 Bedroom | 1BR,1BA | $825 |
| 404 Rivertowne Apartment Homes | Brookline | 1BR,1BA | $980 |
| Park Vue | 2 Bedroom Townhome | 2BR,1BA | $1,084 |
| Residence at Brookside | Renovated Galley Style One Bedroom | 1BR,1BA | $1,125 |
| Swansboro Place | 1BR 1BA | 1BR,1BA | $1,142 |
| Brookmont | 2 Bedroom 1 Bath | 2BR,1BA | $1,149 |
| Forest Square Apartments | 2 Bedroom 1 Bath - 67738 | 2BR,1BA | $1,150 |
| The Cascade at Foundry Creek | 1/1 Vista | 1BR,1BA | $1,208 |
| Chesterfield Flats | A1R - Renovated | 1BR,1BA | $1,229 |
Best Value Apartments for Rent in Southwood, VA
As of August 23, 2026 the best value apartment in the Southwood area is the $1.14 price per square foot Three Bedroom Two Bath Extra Large Premier Model at The Gardens at Manchester in the in the Old South neighborhood starting from $1,660. The second greatest value Southwood apartment is the Oakwood Model at Townhouses Of Chesterfield starting at $1,385 with a $1.19 price per square foot in the Bellemeade 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 | Three Bedroom Two Bath Extra Large Premier | 3BR,2BA | $1.14 |
| Townhouses Of Chesterfield | Oakwood | 3BR,1.5BA | $1.19 |
| Ashton Square Apartments | Berkshire | 3BR,1.5BA | $1.51 |
| 27th Townhomes | 2 Bedroom 1 Bath - 63115 | 2BR,1BA | $1.33 |
| The Arbors at Hull Street Senior Apartments | 1X1 | 1BR,1BA | $1.32 |
| Morningside Apartments | White Oak Tax Credit | 2BR,1BA | $1.51 |
| James River Pointe | 2 Bed/1 Bath- Phase 1 | 2BR,1BA | $1.55 |
| Brookmont | 2 Bedroom 1 Bath | 2BR,1BA | $1.38 |
| Park Vue | 2 Bedroom Townhome | 2BR,1BA | $1.51 |
| Kingly Ones and Briarwood Court Apartments | 1 Bedroom | 1BR,1BA | $1.38 |
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.
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 $1,360.
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 54 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 $383 which is $977 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

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.

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 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.

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.
Articles, How-To's, and Tips

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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.