Cheap Apartments for Rent in the The Diamond Neighborhood of Richmond, VA from $600 (19 Rentals)

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

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The Cooperage
$1,426 - $2,665
Total Monthly Price

Total Monthly Price

Base Rent
$1,426 - $2,665

Total Monthly Price
$1,426 - $2,665
1 to 2 Bedroom Apartments Available Now

The Cooperage

1650 Overbrook RdRichmond, VA 23220
Corporate Housing
  • Verified
  • Customer Reviewed
  • Utilities Included

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Todd Lofts
$1,563 - $2,498
Total Monthly Price

Total Monthly Price

Base Rent
$1,563 - $2,498

Total Monthly Price
$1,563 - $2,498
Studio to 3 Bedroom Apartments Available Mar 17

Todd Lofts

1128 Hermitage RdRichmond, VA 23220
Corporate Housing
  • Verified
  • Customer Reviewed
  • Utilities Included

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Otis
Rent Specials
$1,592 - $5,942
Total Monthly Price

Total Monthly Price

Base Rent
$1,511 - $5,861
Required Monthly Fees
$81

Total Monthly Price
$1,592 - $5,942
Studio to 3 Bedroom Apartments Available Now

Otis

1661 Roseneath RdRichmond, VA 23230
Pet Friendly
  • Verified
  • Customer Reviewed
  • 3D Tour
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VIV at Scott's Collection
$1,665 - $1,791
Total Monthly Price

Total Monthly Price

Base Rent
$1,570 - $1,696
Required Monthly Fees
$95

Total Monthly Price
$1,665 - $1,791
1 to 2 Bedroom Apartments Available Now

VIV at Scott's Collection

2900 W Clay StRichmond, VA 23230
Transit Friendly
  • Verified
  • Customer Reviewed
  • 3D Tour
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The Altamont
1 to 3 Bedroom Apartments

The Altamont

1620 Altamont AveRichmond, VA 23230

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Osprey Lofts
1 to 3 Bedroom Apartments

Osprey Lofts

3210 W Leigh StRichmond, VA 23230

Cheapest Available The Diamond Apartments for Rent

 

The cheapest available apartment rental in the The Diamond area of Richmond, VA is a Studio unit found at Southern Stove Lofts priced from $1,050. The Collection of Historic Richmond has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,199. Here are the most affordable The Diamond apartments for rent in Richmond, VA:

Apartment ListingModel NameBed/BathPriced From
Southern Stove LoftsstudioStudio,1BA$1,050
The Collection of Historic RichmondA3, A4 & A51BR,1BA$1,199
Cookie Factory LoftsStudio1BR,1BA$1,250
Soda FlatsOne Bedroom1BR,1BA$1,394
The Cooperage1 Bedroom / 1 Bathroom: Flat1BR,1BA$1,426

Best Value Apartments for Rent in The Diamond, VA

As of February 25, 2026 the best value apartment in the The Diamond area is the $1.91 price per square foot C2 Model at The Altamont in the in the Bellevue neighborhood starting from $1,810. The second greatest value The Diamond apartment is the The Juliette Model at The Scout Scotts Addition starting at $1,685 with a $2.43 price per square foot in the Bellevue neighborhood. Here is today’s list of the best values for The Diamond apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The AltamontC23BR,2BA$1.91
The Scout Scotts AdditionThe Juliette1BR,1BA$2.43
VIV at Scott's CollectionGlean1BR,1BA$2.42
Soda FlatsOne Bedroom1BR,1BA$2.06
Courtyard LoftsBoulevard1BR,1BA$2.24
INK at Scott's CollectionMirela1BR,1BA$2.54
The Cooperage1 Bedroom / 1 Bathroom: Flat1BR,1BA$2.46
Cookie Factory LoftsStudioStudio ,1BA$2.23
Southern Stove LoftsstudioStudio ,1BA$1.91
The Collection of Historic RichmondA3, A4 & A51BR,1BA$2.39

Frequently Asked Questions about Cheap The Diamond Apartments

What is a cheap apartment in The Diamond?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in The Diamond is under $1,624.

What is the price of a cheap apartment in The Diamond?

The cheapest apartment in The Diamond is Southern Stove Lofts which is listed at $1,100, while the average apartment in The Diamond costs $2,995.

What types of apartments are the cheapest in The Diamond?

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 37 regular apartments in The Diamond 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 The Diamond?

Cheap apartments in The Diamond have an average cost of $192 which is $2,803 cheaper than the average rent for all rentals in The Diamond.

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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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.

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Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.