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Rent Specials
$1,125 - $2,125
Plus Fees
Studio to 2 Bedroom Apartments Available NowSouthern Stove Lofts
1215 Hermitage RdRichmond, VA 23220
Cheap Apartments for Rent in the The Diamond Neighborhood of Richmond, VA from $1,100 (24 Rentals)
Search the lowest-cost Apartments available for rent right now in the The Diamond area of Richmond.
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$1,250 - $2,600
Plus Fees12 Month Lease Term
Studio to 3 Bedroom Apartments Available NowCookie Factory Lofts
900 Terminal PlRichmond, VA 23220
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$1,2752 Bedroom Apartments Available Aug 10
608 N Arthur Ashe Blvd, Unit 11
608 N Arthur Ashe BlvdRichmond, VA 23220
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$1,320 - $3,460
Plus Fees
1 to 2 Bedroom Apartments Available NowThe Summit at Scotts Addition
3022 W Broad StRichmond, VA 23230
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$1,326 - $3,903
Total Monthly Price
1 to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,326 - $3,903
Total Monthly Price
$1,326 - $3,903
The Cooperage
1650 Overbrook RdRichmond, VA 23220
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$1,355 - $2,615
Plus Fees18 Month Lease Term
Studio to 3 Bedroom Apartments Available NowCourtyard Lofts
3200 W Clay StRichmond, VA 23230
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Rent Specials
$1,392 - $2,007
Plus Fees
1 to 3 Bedroom Apartments Available NowThe Collection of Historic Richmond
805 N Arthur Ashe BoulevardRichmond, VA 23220
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$1,425 - $1,972
Plus Fees
1 to 2 Bedroom Apartments Available NowSoda Flats
2820-2828 W Broad StRichmond, VA 23230
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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$1,482 - $2,438
Total Monthly Price
Studio to 3 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,482 - $2,438
Total Monthly Price
$1,482 - $2,438
Todd Lofts
1128 Hermitage RdRichmond, VA 23220
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$1,495 - $4,515
Plus Fees
Studio to 2 Bedroom Apartments Available NowThe Ace
1201 N Arthur Ashe BlvdRichmond, VA 23230
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$1,499 - $2,063
Plus Fees
1 to 2 Bedroom Apartments Available NowINK at Scott's Collection
3000 W Clay StRichmond, VA 23230
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$1,520 - $2,463
Plus Fees
1 to 2 Bedroom Apartments Available Apr 261 Scott's Addition
3031 Norfolk StRichmond, VA 23230
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$1,550 - $4,480
Plus Fees
Studio to 2 Bedroom Apartments Available NowThe Scout Scotts Addition
947 Myers StRichmond, VA 23230
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$1,550 - $3,896
Plus Fees
1 to 2 Bedroom Apartments Available NowSYMBOL Scotts Addition
1814 Highpoint AveRichmond, VA 23230
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$1,615 - $3,084
Plus Fees
1 to 2 Bedroom Apartments Available NowThe Westbrook Apartments at Brewers Row
1601 Overbrook RdRichmond, VA 23220
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$1,624 - $4,190
Plus Fees
Studio to 2 Bedroom Apartments Available NowNOVEL Scott's Addition by Crescent Communities
2902 N Arthur Ashe BlvdRichmond, VA 23230
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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$1,665 - $1,791
Total Monthly Price
1 to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,570 - $1,696
Required Monthly Fees
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VIV at Scott's Collection
2900 W Clay StRichmond, VA 23230
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$1,687 - $7,736
Total Monthly Price
Studio to 3 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,606 - $7,655
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Otis
1661 Roseneath RdRichmond, VA 23230
2709 W Broad St
RichmondVA23220
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$1,732 - $3,069
Total Monthly Price
1 to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,637 - $2,974
Required Monthly Fees
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Total Monthly Price
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GEM at Scott's Collection
3001 W Leigh StRichmond, VA 23230
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$1,754 - $4,536
Total Monthly Price15 Month Lease Term
Studio to 3 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,733 - $4,515
Required Monthly Fees
Varies
Total Monthly Price
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Chasen
2922 W Marshall StRichmond, VA 23230
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1 to 3 Bedroom Apartments
The Altamont
1620 Altamont AveRichmond, VA 23230
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1 to 2 Bedroom Apartments
Julians
2617 W Broad StRichmond, VA 23220
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1 to 3 Bedroom Apartments
Osprey Lofts
3210 W Leigh StRichmond, VA 23230
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.
Showing Results 1-24, Page 1 of 1
The Diamond, Richmond, VA Local Guide
Copyright CoStar Group, Inc
How much does it cost to rent an apartment in The Diamond?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| The Diamond Studio Apartments | $1,900 | $1,350 | $4,943 |
| The Diamond 1 Bedroom Apartments | $1,987 | $1,125 | $5,090 |
| The Diamond 2 Bedroom Apartments | $2,680 | $1,275 | $7,736 |
| The Diamond 3 Bedroom Apartments | $2,880 | $2,007 | $4,926 |
| The Diamond 4 Bedroom Apartments | $3,300 | $3,300 | $3,300 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Apartments in this Neighborhood
There are currently 24 rentals with your search options within a 2 mile radius of the The Diamond Neighborhood of Richmond, VA.
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If you’re an expert on all things The Diamond, tell us what you love (and don't) by rating it and writing a review.
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Cheapest Available The Diamond Apartments for Rent
The cheapest available apartment rental in the The Diamond area of Richmond, VA is a 1 Bed unit found at Southern Stove Lofts priced from $1,125. Cookie Factory Lofts has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,250. Here are the most affordable The Diamond apartments for rent in Richmond, VA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Southern Stove Lofts | 1bed 1bth | 1BR,1BA | $1,125 |
| Cookie Factory Lofts | 1 Bed/ 1 Bath | 1BR,1BA | $1,250 |
| The Cooperage | 1 Bedroom / 1 Bathroom: Flat | 1BR,1BA | $1,326 |
| The Summit at Scotts Addition | The Chateau | 1BR,1BA | $1,348 |
| Soda Flats | One Bedroom | 1BR,1BA | $1,425 |
Best Value Apartments for Rent in The Diamond, VA
As of April 16, 2026 the best value apartment in the The Diamond area is the $1.89 price per square foot C2 Model at The Altamont in the in the Bellevue neighborhood starting from $1,800. The second greatest value The Diamond apartment is the Two Bedroom Model at Todd Lofts starting at $1,673 with a $1.92 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Altamont | C2 | 3BR,2BA | $1.89 |
| Todd Lofts | Two Bedroom | 2BR,2BA | $1.92 |
| Courtyard Lofts | Marshall | 1BR,1BA | $1.80 |
| The Collection of Historic Richmond | B4 & B5 | 2BR,1BA | $1.97 |
| The Scout Scotts Addition | The Juliette | 1BR,1BA | $2.49 |
| VIV at Scott's Collection | Glean | 1BR,1BA | $2.42 |
| Soda Flats | One Bedroom | 1BR,1BA | $2.10 |
| The Summit at Scotts Addition | The Chalet | 1BR,1BA | $2.36 |
| Cookie Factory Lofts | Studio | Studio ,1BA | $2.41 |
| Southern Stove Lofts | studio | Studio ,1BA | $2.56 |
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 $1,560.
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 $1,125, while the average apartment in The Diamond costs $3,300.
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 38 regular apartments in The Diamond that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
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
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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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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
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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.