Cheap Apartments for Rent in the The Diamond Neighborhood of Richmond, VA from $1,100 (23 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
Showing Results 1-23, 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 1 Bed unit found at The Collection of Historic Richmond priced from $1,125. Southern Stove 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 ListingModel NameBed/BathPriced From
The Collection of Historic RichmondA11, A12, A13, A14, A15, A16, A17, A18 & A191BR,1BA$1,125
Southern Stove Loftsstudio1BR,1BA$1,250
Cookie Factory LoftsStudioStudio,1BA$1,300
Todd LoftsOne Bedroom1BR,1BA$1,342
The Scout Scotts AdditionThe Juliette1BR,1BA$1,480

Best Value Apartments for Rent in The Diamond, VA

As of October 31, 2025 the best value apartment in the The Diamond area is the $1.32 price per square foot The Overbrook Model at The Westbrook Townhomes at Brewers Row in the in the Bellevue neighborhood starting from $3,650. The second greatest value The Diamond apartment is the The Cabana - Style A Model at The Summit at Scotts Addition starting at $2,350 with a $2.52 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$1.32
The Summit at Scotts AdditionThe Cabana - Style A2BR,2BA$2.52
Courtyard LoftsThe Summit1BR,1.5BA$2.06
The Collection of Historic RichmondB1, B2 & B32BR,1BA$1.88
The Scout Scotts Addition*The 1927 - Income Restricted*1BR,1BA$2.13
INK at Scott's CollectionMirela1BR,1BA$2.41
Todd LoftsOne Bedroom1BR,1BA$2.06
Cookie Factory LoftsStudioStudio ,1BA$2.02
The Cooperage1 Bedroom / 1 Bathroom: Flat1BR,1BA$2.60
Southern Stove LoftsstudioStudio ,1BA$2.24

Getting Around the The Diamond Neighborhood in Richmond, VA

Walk Score®

53 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

72 / 100

Very Bikeable

Biking is convenient for most trips

Transit Score®

40 / 100

Some Transit

A few nearby public transportation options

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

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 $1,599.

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 $1,125, while the average apartment in The Diamond costs $2,725.

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 62 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 $417 which is $2,308 cheaper than the average rent for all rentals in The Diamond.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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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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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.