Cheap Apartments for Rent in the Southwood Neighborhood of Richmond, VA from $700 (48 Rentals)

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

property at 6428 Elkhardt Rd

$940

Total Monthly Price

Total Monthly Price

Base Rent
$940

Total Monthly Price
$940

1 Bedroom, 1 Bath Home for Rent

Available Now

6428 Elkhardt Rd

RichmondVA23225
property at 6434 Elkhardt Rd

$940

Total Monthly Price

Total Monthly Price

Base Rent
$940

Total Monthly Price
$940

1 Bedroom, 1 Bath Home for Rent

Available Now

6434 Elkhardt Rd

RichmondVA23225

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.

property at 3511 Broad Rock Blvd

$1,026 - $1,450

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,026 - $1,450

Total Monthly Price
$1,026 - $1,450

Studio To 1 Bedroom Condos for Rent

Available Now

3511 Broad Rock Blvd

RichmondVA23234
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Residence at Brookside
Rent Specials
$1,033 - $2,685
Total Monthly Price

Total Monthly Price

Base Rent
$1,005 - $2,657
Required Monthly Fees
$28

Total Monthly Price
$1,033 - $2,685
1 to 3 Bedroom Apartments Available Now

Residence at Brookside

6540 Greenbank RdRichmond, VA 23225
Affordability
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  • Customer Reviewed
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Woodbriar Apartments
$1,117 - $1,351
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,111 - $1,345
Required Monthly Fees
Varies

Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Jun 15

Woodbriar Apartments

621 Warwick Village DrRichmond, VA 23224
Affordability
  • Verified
  • Customer Reviewed
  • Utilities Included

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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700 West 44
$1,151 - $1,602
Total Monthly Price

Total Monthly Price

Base Rent
$1,146 - $1,597
Required Monthly Fees
$5

Total Monthly Price
$1,151 - $1,602
1 to 3 Bedroom Apartments Available Now

700 West 44

4500 Bassett AveRichmond, VA 23225
Cost Per Sq.Ft.
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  • Low Income
property at 2908 Richmond Hwy N

$1,200

Total Monthly Price

Total Monthly Price

Base Rent
$1,200

Total Monthly Price
$1,200

2 Bedroom, 1 Bath Home for Rent

Available Now

2908 Richmond Hwy N

RichmondVA23234
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404 Rivertowne Apartment Homes
Rent Specials
$1,203 - $2,008
Total Monthly Price1 Month Lease Term

Total Monthly Price

Base Rent
$1,040 - $1,845
Required Monthly Fees
$163

Total Monthly Price
$1,203 - $2,008
1 to 2 Bedroom Apartments Available Now

404 Rivertowne Apartment Homes

402 Westover Hills BlvdRichmond, VA 23225
Student Housing
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  • Customer Reviewed
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Rock Creek
$1,208 - $1,492
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,202 - $1,486
Required Monthly Fees
Varies

Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

Rock Creek

2830 Broad Rock BlvdRichmond, VA 23224
Affordability
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  • Customer Reviewed
  • Utilities Included
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James River Pointe
$1,209 - $1,699
Total Monthly Price

Total Monthly Price

Base Rent
$1,209 - $1,699

Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Jun 2

James River Pointe

435 German School RdRichmond, VA 23225
Affordability
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  • Customer Reviewed
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Meadow Creek Apartments
$1,210 - $1,510
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,050 - $1,350
Required Monthly Fees
$160

Total Monthly Price
$1,210 - $1,510
1 to 2 Bedroom Apartments Contact Us For Availability

Meadow Creek Apartments

5316 Hull Street RdRichmond, VA 23224
Affordability
  • Verified
  • Customer Reviewed
  • 3D Tour

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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Chesterfield Flats
Rent Specials
$1,339 - $1,749
Total Monthly Price

Total Monthly Price

Base Rent
$1,324 - $1,734
Required Monthly Fees
Varies

Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Now

Chesterfield Flats

6300 Pewter AveRichmond, VA 23224
Corporate Housing
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property at 1211 Porter St

$1,395

Total Monthly Price

Total Monthly Price

Base Rent
$1,395

Total Monthly Price
$1,395

1 Bedroom, 1 Bath Home for Rent

Available Now

1211 Porter St

RichmondVA23224

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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Westover Hills Townhomes
1 to 2 Bedroom Apartments

Westover Hills Townhomes

600 Westover Hills BlvdRichmond, VA 23225
  • Utilities Included
property at 206 E 37th St

$825 - $975

Total Monthly Price

Total Monthly Price

Base Rent
$825

Total Monthly Price
$825

1 Bedroom Rentals

Available Now

206 E 37th St

RichmondVA23224
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Foxwood
1 to 3 Bedroom Apartments

Foxwood

5000-5006 Snead RdRichmond, VA 23224
  • Utilities Included
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Southgate
1 to 3 Bedroom Apartments

Southgate

3430-3456 Maury StRichmond, VA 23224
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Kingswood Cove
1 Bedroom Apartments

Kingswood Cove

6424 Elkhardt RdRichmond, VA 23225
Affordability
  • Utilities Included
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Linden At Forest Hill
1 to 2 Bedroom Apartments

Linden At Forest Hill

4000 Dunston AveRichmond, VA 23225
  • Utilities Included
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27th Townhomes
2 Bedroom Apartments

27th Townhomes

10 W 27th StRichmond, VA 23225
  • Utilities Included
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310 W 31st
1 to 3 Bedroom Apartments

310 W 31st

310 W 31st StreetRichmond, VA 23225
  • Utilities Included

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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Tuscany Townhomes
2 Bedroom Apartments

Tuscany Townhomes

3124 Snead CtRichmond, VA 23224
  • Utilities Included
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The Riviera on Semmes
Studio to 4 Bedroom Apartments

The Riviera on Semmes

1412 Semmes AveRichmond, VA 23224
  • Utilities Included
property at 1514 Bainbridge St

$1,399

Total Monthly Price

Total Monthly Price

Base Rent
$1,399

Total Monthly Price
$1,399

2 Bedroom, 1 Bath Condo for Rent

Available Jun 8

1514 Bainbridge St

RichmondVA23224

Southwood, Richmond, VA Local Guide

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 ListingModel NameBed/BathPriced From
Manchester Grand Apartments1 Bedroom, 1 Bathroom1BR,1BA$770
Townhouses of Chesterfield IIMagnoliaStudio,1BA$809
Kingly Ones and Briarwood Court Apartments1 Bedroom1BR,1BA$825
Kingswood CoveOne Bedroom One Bath1BR,1BA$995
Residence at BrooksideOne Bedroom Galley Style1BR,1BA$1,083
Park Vue2 Bedroom Townhome2BR,1BA$1,084
Brookmont2 Bedroom 1 Bath2BR,1BA$1,149
700 West 44One Bedroom1BR,1BA$1,151
Park at Forest HillByrd1BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
The Gardens at ManchesterTwo Bedroom Two Bath Large Premier2BR,2BA$1.23
27th Townhomes2 Bedroom 1 Bath - 469732BR,1BA$1.26
Townhouses Of ChesterfieldPine2BR,1.5BA$1.27
The Arbors at Hull Street Senior Apartments1X11BR,1BA$1.32
Manchester Lake TownhomesMallard2BR,1.5BA$1.47
Morningside ApartmentsWhite Oak Tax Credit2BR,1BA$1.51
Brookmont2 Bedroom 1 Bath2BR,1BA$1.38
Park Vue2 Bedroom Townhome2BR,1BA$1.51
3809 McGuire Dr, Unit B3809 McGuire Dr2BR,1BA$1.33
Kingly Ones and Briarwood Court Apartments1 Bedroom1BR,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.

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

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Don't Settle: How to Negotiate Your Apartment Lease and Save Money

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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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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.

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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

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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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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.

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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

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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.

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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.

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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.