
Cheap Apartments for Rent in the The Diamond Neighborhood of Richmond, VA from $1,200 (21 Rentals)
Search the lowest-cost Apartments available for rent right now in the The Diamond area of Richmond.


The Collection of Historic Richmond

1807 Bath St

Cookie Factory Lofts

Courtyard Lofts

SYMBOL Scotts Addition

Todd Lofts
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The Cooperage

1 Scott's Addition

INK at Scott's Collection

The Ace

The Summit at Scotts Addition

The Scout Scotts Addition

VIV at Scott's Collection
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GEM at Scott's Collection

The Westbrook Apartments at Brewers Row

Chasen

NOVEL Scott's Addition by Crescent Communities

712 N Arthur Ashe Blvd
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The Diamond, Richmond, VA Local Guide

How much does it cost to rent an apartment in The Diamond?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| The Diamond Studio Apartments | $1,762 | $1,250 | $4,287 |
| The Diamond 1 Bedroom Apartments | $1,954 | $1,275 | $3,813 |
| The Diamond 2 Bedroom Apartments | $2,681 | $1,295 | $5,408 |
| The Diamond 3 Bedroom Apartments | $3,043 | $1,899 | $5,061 |
Browse Apartments in this Neighborhood
There are currently 21 rentals with your search options within a 2 mile radius of the The Diamond Neighborhood of Richmond, VA.
See all Apartments in RichmondExplore Richmond
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 $1,200. The Collection of Historic Richmond has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,299. 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 | $1,200 |
| The Collection of Historic Richmond | A3, A4 & A5 | 1BR,1BA | $1,299 |
| Cookie Factory Lofts | 1 Bed/ 1 Bath | 1BR,1BA | $1,300 |
| Todd Lofts | Studio | Studio,1BA | $1,379 |
| The Cooperage | 1 Bedroom / 1 Bathroom: Flat | 1BR,1BA | $1,400 |
Best Value Apartments for Rent in The Diamond, VA
As of December 17, 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 3 Bed/ 2 Bath Model at Cookie Factory Lofts starting at $2,400 with a $1.79 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 Westbrook Townhomes at Brewers Row | The Overbrook | 3BR,2.5BA | $1.36 |
| Cookie Factory Lofts | 3 Bed/ 2 Bath | 3BR,2BA | $1.79 |
| Courtyard Lofts | The Summit | 1BR,1.5BA | $2.06 |
| SYMBOL Scotts Addition | The Signature | 1BR,1.5BA | $2.30 |
| Todd Lofts | Studio | Studio ,1BA | $1.77 |
| Southern Stove Lofts | 1bed 1bth | 1BR,1BA | $1.61 |
| The Scout Scotts Addition | The Juliette | 1BR,1BA | $2.31 |
| VIV at Scott's Collection | Glean | 1BR,1BA | $2.28 |
| 1 Scott's Addition | Norfolk One Bed | 1BR,1BA | $2.07 |
| The Cooperage | 1 Bedroom / 1 Bathroom: Flat | 1BR,1BA | $2.42 |
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 $1,578.
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 $1,200, 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 $398 which is $2,502 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

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.

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.

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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
