Cheap Apartments for Rent in the University of Richmond Neighborhood of Richmond, VA from $800 (17 Rentals)

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

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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The Cloisters
Studio to 3 Bedroom Apartments

The Cloisters

9007 Cloisters ERichmond, VA 23229
  • Utilities Included
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The Faison Residence
1 to 3 Bedroom Apartments

The Faison Residence

5322 Markel RdRichmond, VA 23230
  • Utilities Included

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.

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Camelot Townhomes
1 to 3 Bedroom Apartments

Camelot Townhomes

231 Camelot CirRichmond, VA 23229
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Landmark at Gayton
1 to 3 Bedroom Apartments

Landmark at Gayton

9016 Patterson AveRichmond, VA 23229
  • Utilities Included

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

University of Richmond, Richmond, VA Local Guide

Cheapest Available University of Richmond Apartments for Rent

 

The cheapest available apartment rental in the University of Richmond area of Richmond, VA is a Studio unit found at Three Chopt West Apartments priced from $1,037. Gateway Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $1,082. Here are the most affordable University of Richmond apartments for rent in Richmond, VA:

Apartment ListingModel NameBed/BathPriced From
Three Chopt West ApartmentsVintage & FreemanStudio,1BA$1,037
Gateway ApartmentsStudio, 1 bathStudio,1BA$1,082
Staples Mill TownhomesThe Jamestown2BR,1BA$1,198
Tuckahoe Creek ApartmentsThe Dogwood1BR,1BA$1,331
Park West EndThe Valentine1BR,1BA$1,355

Best Value Apartments for Rent in University of Richmond, VA

As of January 12, 2026 the best value apartment in the University of Richmond area is the $1.54 price per square foot House Model at 1503 Westbury Dr - Furnished House in the in the Three Chopt neighborhood starting from $2,700. The second greatest value University of Richmond apartment is the D1 Model at Jordans Branch Apartments starting at $2,895 with a $1.89 price per square foot in the Far West neighborhood. Here is today’s list of the best values for University of Richmond apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
1503 Westbury Dr - Furnished HouseHouse3BR,2BA$1.54
Jordans Branch ApartmentsD13BR,2.5BA$1.89
Staples Mill TownhomesThe Woodhaven3BR,1BA$1.77
The Estates at HorsepenThe Leighton1BR,1.5BA$2.35
James River at Stony PointCascade1BR,1BA$1.87
Creek's Edge at Stony PointTribeca1BR,1BA$2.27
Tuckahoe Creek ApartmentsThe Dogwood1BR,1BA$1.84
Crestwood at Libbie2X12BR,1BA$2.10
The Rise At RegencyA21BR,1BA$2.52
Three Chopt West ApartmentsVintage & FreemanStudio ,1BA$2.25

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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The Ultimate Renter's Guide for Finding the Perfect Student Friendly Richmond Neighborhood to Rent

Learn about the best neighborhoods for student renters near Richmond Colleges and Universities by our Local Expert Richard Corrigan

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Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Pet Friendly Lifestyle
University Of Richmond, Richmond, VA

Ranked #150

Among cities in Virginia for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Frequently Asked Questions about Cheap University of Richmond Apartments

What is a cheap apartment in University of Richmond?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in University of Richmond is under $1,578.

What is the price of a cheap apartment in University of Richmond?

The cheapest apartment in University of Richmond is Three Chopt West Apartments which is listed at $1,088, while the average apartment in University of Richmond costs $2,868.

What types of apartments are the cheapest in University of Richmond?

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 21 regular apartments in University of Richmond 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 University of Richmond?

Cheap apartments in University of Richmond have an average cost of $141 which is $2,727 cheaper than the average rent for all rentals in University of Richmond.

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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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

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.

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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.