Cheap Apartments for Rent in the The Diamond Neighborhood of Richmond, VA from $1,200 (21 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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Osprey Lofts
1 to 3 Bedroom Apartments

Osprey Lofts

3210 W Leigh StRichmond, VA 23230
  • Utilities Included
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The Lofts at 1723
Studio to 2 Bedroom Apartments

The Lofts at 1723

1723 Summit AveRichmond, VA 23230
  • Utilities Included

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Showing Results 1-21, Page 1 of 1

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 $1,250. The Collection of Historic Richmond has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,292. Here are the most affordable The Diamond apartments for rent in Richmond, VA:

Apartment ListingModel NameBed/BathPriced From
Southern Stove LoftsstudioStudio,1BA$1,250
The Collection of Historic RichmondA6, A7 & A81BR,1BA$1,292
Cookie Factory LoftsStudio1BR,1BA$1,300
Todd LoftsStudioStudio,1BA$1,371
The Cooperage1 Bedroom / 1 Bathroom: Flat1BR,1BA$1,400

Best Value Apartments for Rent in The Diamond, VA

As of December 29, 2025 the best value apartment in the The Diamond area is the $1.36 price per square foot The Overbrook Model at The Westbrook Townhomes at Brewers Row in the in the Bellevue neighborhood starting from $3,755. The second greatest value The Diamond apartment is the The Signature Model at SYMBOL Scotts Addition starting at $1,803 with a $2.30 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 Westbrook Townhomes at Brewers RowThe Overbrook3BR,2.5BA$1.36
SYMBOL Scotts AdditionThe Signature1BR,1.5BA$2.30
Todd LoftsStudioStudio ,1BA$1.76
Courtyard LoftsThe Moore1BR,1BA$2.11
The Scout Scotts Addition*The 1927 - Income Restricted*1BR,1BA$2.39
VIV at Scott's CollectionGlean1BR,1BA$2.28
1 Scott's AdditionNorfolk One Bed1BR,1BA$2.10
Cookie Factory LoftsStudioStudio ,1BA$2.02
The Cooperage1 Bedroom / 1 Bathroom: Flat1BR,1BA$2.42
Southern Stove LoftsstudioStudio ,1BA$2.24

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 $1,554.

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

The cheapest apartment in The Diamond is The Collection of Historic Richmond which is listed at $1,292, while the average apartment in The Diamond costs $2,900.

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 39 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 $409 which is $2,491 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.

Articles, How-To's, and Tips

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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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How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips

Written by: Justin Habersaat

Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

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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.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.