Cheap Apartments for Rent in the Upper Shockoe Valley Neighborhood of Richmond, VA from $800 (10 Rentals)
Search the lowest-cost Apartments available for rent right now in the Upper Shockoe Valley area of Richmond.

Jefferson Townhouses

Attain Shockoe

Flats at 14th

The Corner Lofts

1816 E Franklin St

The Oliver
Upper Shockoe Valley, Richmond, VA Local Guide

How much does it cost to rent an apartment in Upper Shockoe Valley?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Upper Shockoe Valley Studio Apartments | $1,247 | $864 | $1,511 |
| Upper Shockoe Valley 1 Bedroom Apartments | $1,397 | $958 | $1,800 |
| Upper Shockoe Valley 2 Bedroom Apartments | $1,641 | $1,225 | $2,350 |
| Upper Shockoe Valley 3 Bedroom Apartments | $1,841 | $1,395 | $2,152 |
| Upper Shockoe Valley 4 Bedroom Apartments | $1,620 | $1,620 | $1,620 |
Browse Apartments in this Neighborhood
There are currently 10 rentals with your search options within a 2 mile radius of the Upper Shockoe Valley Neighborhood of Richmond, VA.
See all Apartments in RichmondExplore Richmond
Upper Shockoe Valley, Richmond, VA Local Guide
- Nearby Richmond neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Upper Shockoe Valley Apartments for Rent
 The cheapest available apartment rental in the Upper Shockoe Valley area of Richmond, VA is a 1 Bed unit found at Jefferson Townhouses priced from $1,000. Attain Shockoe has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,068. Here are the most affordable Upper Shockoe Valley apartments for rent in Richmond, VA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Jefferson Townhouses | 1X1 | 1BR,1BA | $1,000 |
| Attain Shockoe | Elmwood | 1BR,1BA | $1,068 |
| Flats at 14th | 0 Bedroom 1 Bath - 19022 | Studio,1BA | $1,105 |
Best Value Apartments for Rent in Upper Shockoe Valley, VA
As of October 26, 2025 the best value apartment in the Upper Shockoe Valley area is the $1.60 price per square foot James Model at The Watkins at Shockoe in the in the Downtown Richmond neighborhood starting from $1,949. The second greatest value Upper Shockoe Valley apartment is the B1.1 Model at Raven Place starting at $1,730 with a $1.47 price per square foot in the Downtown Richmond neighborhood. Here is today’s list of the best values for Upper Shockoe Valley apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Watkins at Shockoe | James | 2BR,2BA | $1.60 |
| Raven Place | B1.1 | 2BR,2BA | $1.47 |
| Atrium Lofts at Cold Storage | Two Bedroom | 2BR,2BA | $1.87 |
| Exchange Place | Exchange Place Unit 303 | 1BR,1BA | $2.05 |
| Cigar Lofts | The Scout | 1BR,1BA | $2.02 |
| Jefferson Townhouses | 1X1 | 1BR,1BA | $1.68 |
| 1710 Lofts | 1 Bedroom 1 Bath - 19054 | 1BR,1BA | $2.14 |
| 2001 East | Studio B | Studio ,1BA | $2.40 |
| The Oliver | The Stone | 1BR,1BA | $2.28 |
| The Corner Lofts | 0 Bedroom 1 Bath - 19082 | Studio ,1BA | $2.30 |
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.
Pet Friendly LifestyleUpper Shockoe Valley, Richmond, VA
Ranked #149
Among cities in Virginia for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Getting Around the Upper Shockoe Valley Neighborhood in Richmond, VA
Walk Score®
79 / 100
Very Walkable
Most errands can be accomplished on foot
Bike Score®
52 / 100
Bikeable
Some bike infrastructure
Transit Score®
59 / 100
Good Transit
Many 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 Upper Shockoe Valley Apartments
What is a cheap apartment in Upper Shockoe Valley?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Upper Shockoe Valley is under $1,290.
What is the price of a cheap apartment in Upper Shockoe Valley?
The cheapest apartment in Upper Shockoe Valley is Jefferson Townhouses which is listed at $1,000, while the average apartment in Upper Shockoe Valley costs $1,969.
What types of apartments are the cheapest in Upper Shockoe Valley?
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 35 regular apartments in Upper Shockoe Valley 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 Upper Shockoe Valley?
Cheap apartments in Upper Shockoe Valley have an average cost of $797 which is $1,172 cheaper than the average rent for all rentals in Upper Shockoe Valley.
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.

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.

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!

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.



