Cheap Apartments for Rent in the Upper Shockoe Valley Neighborhood of Richmond, VA from $800 (30 Rentals)

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

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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The Bakery
$1,350 - $1,850
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,350 - $1,850

Total Monthly Price
$1,350 - $1,850
1 to 2 Bedroom Apartments Available Now

The Bakery

127 N 17th StRichmond, VA 23219
Luxury
  • Verified
  • Utilities Included
  • 3D Tour
property at 17 1/2 N 17th St

$1,595

Total Monthly Price

Total Monthly Price

Base Rent
$1,595

Total Monthly Price
$1,595

2 Bedroom, 2 Bath Home for Rent

Available Aug 4

17 1/2 N 17th St

RichmondVA23219
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Raven Place
Rent Specials
$1,775
Total Monthly Price

Total Monthly Price

Base Rent
$1,730
Required Monthly Fees
$45

Total Monthly Price
$1,775
2 Bedroom Apartments Available Now

Raven Place

1710 E Broad StRichmond, VA 23223
Student Housing
  • Verified
  • Customer Reviewed
  • 3D Tour

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.

property at 2008 Cedar St

$2,099

Total Monthly Price

Total Monthly Price

Base Rent
$2,099

Total Monthly Price
$2,099

2 Bedroom, 2 Bath Home for Rent

Available Jul 27

2008 Cedar St

RichmondVA23223
property at 611 N 21st St

$2,099

Total Monthly Price

Total Monthly Price

Base Rent
$2,099

Total Monthly Price
$2,099

2 Bedroom, 2 Bath Home for Rent

Available Sep 5

611 N 21st St

RichmondVA23223
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2001 East
Studio to 2 Bedroom Apartments

2001 East

2001 E Broad StRichmond, VA 23223
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Cedar Broad
1 to 3 Bedroom Apartments

Cedar Broad

1820 E Broad StRichmond, VA 23223
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Shockoe Commons
1 to 2 Bedroom Apartments

Shockoe Commons

1209-1211 E Main StRichmond, VA 23223
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Shockoe Creek Apartments
Studio to 3 Bedroom Apartments

Shockoe Creek Apartments

1407-1411 E Cary StRichmond, VA 23219
  • Utilities Included

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 Lofts at Franklin
1 to 2 Bedroom Apartments

The Lofts at Franklin

1806-1816 E Franklin StRichmond, VA 23223
  • Utilities Included
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213-215 N 18th St
1 to 2 Bedroom Apartments

213-215 N 18th St

213-215 N 18th StRichmond, VA 23223
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10 Walnut Alley
1 to 2 Bedroom Apartments

10 Walnut Alley

10 Walnut AlyRichmond, VA 23223
  • Utilities Included
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The Buggy Factory
1 to 2 Bedroom Apartments

The Buggy Factory

1421 Lombardy AlyRichmond, VA 23219
  • Utilities Included
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Exchange Place
1 to 2 Bedroom Apartments

Exchange Place

1309-1317 E Main StRichmond, VA 23219
Student Housing
  • Utilities Included
property at 219 N 19th St

$1,500

Total Monthly Price

Total Monthly Price

Base Rent
$1,500

Total Monthly Price
$1,500

1 Bedroom, 1 Bath Condo for Rent

Available Now

219 N 19th St

RichmondVA23223

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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Cobblestone Commons
1 to 2 Bedroom Apartments

Cobblestone Commons

1425 E Cary StRichmond, VA 23219
Senior Living
  • Utilities Included
property at 1920 Princess Anne Ave

$2,595

Total Monthly Price

Total Monthly Price

Base Rent
$2,595

Total Monthly Price
$2,595

3 Bedroom, 2 Bath Home for Rent

Available Now

1920 Princess Anne Ave

RichmondVA23223

Upper Shockoe Valley, Richmond, VA Local Guide

Cheapest Available Upper Shockoe Valley Apartments for Rent

 

The cheapest available apartment rental in the Upper Shockoe Valley area of Richmond, VA is a Studio unit found at The Hill Building priced from $995. The Attain has the second lowest priced unit, which is a Studio apartment currently listed from $1,073. Here are the most affordable Upper Shockoe Valley apartments for rent in Richmond, VA:

Apartment ListingModel NameBed/BathPriced From
The Hill BuildingStudioStudio,1BA$995
The AttainCapitolStudio,1BA$1,073
The Corner Lofts1 Bedroom 1 Bath - 190851BR,1BA$1,165
The OliverThe Virginia1BR,1BA$1,177
Jefferson Townhouses2x12BR,1BA$1,225
Atrium Lofts at Cold StorageOne Bedroom1BR,1BA$1,300
The Watkins at ShockoeThe Watkins - Shiplock (One Bedroom)1BR,1BA$1,310
Shockoe Valley View1X1.21BR,1BA$1,324
Cigar LoftsThe Marnie1BR,1BA$1,395
The BakeryBiscotti1BR,1BA$1,475

Best Value Apartments for Rent in Upper Shockoe Valley, VA

As of June 11, 2026 the best value apartment in the Upper Shockoe Valley area is the $1.24 price per square foot 2 Bedroom 2 Bath - 30004 Model at 10 Walnut Alley in the in the Downtown Richmond neighborhood starting from $1,555. The second greatest value Upper Shockoe Valley apartment is the B1.1 Model at Raven Place starting at $1,775 with a $1.50 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 ListingModel NameBed/BathPrice Per Sq.Ft.
10 Walnut Alley2 Bedroom 2 Bath - 300042BR,2BA$1.24
Raven PlaceB1.12BR,2BA$1.50
Atrium Lofts at Cold StorageOne Bedroom1BR,1BA$1.67
Jefferson Townhouses2x12BR,1BA$1.63
2001 EastA3B1BR,1BA$2.13
Cigar LoftsThe Marnie1BR,1BA$2.10
The Watkins at ShockoeThe Watkins - Belle (Studio)Studio ,1BA$2.12
The OliverThe Virginia1BR,1BA$2.29
The Corner Lofts1 Bedroom 1 Bath - 190851BR,1BA$2.28
The Hill BuildingStudioStudio ,1BA$2.21

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 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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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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
Upper Shockoe Valley, Richmond, VA

Ranked #155

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 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 $1,475.

What is the price of a cheap apartment in Upper Shockoe Valley?

The cheapest apartment in Upper Shockoe Valley is The Attain which is listed at $1,120, 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 16 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 $866 which is $1,103 cheaper than the average rent for all rentals in Upper Shockoe Valley.

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.

Helpful Local Expert Guides

decorative image for A Local Experts Guide To the Top Budget-Friendly Neighborhoods to Rent in Richmond, VA article

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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Your Guide to Picking the Perfect Richmond Neighborhood for Student Renters

Written by: Richard Corrigan

Richmond isn't always thought of as a college town, but there are actually several major colleges and universities here. One thing Richmond does get credit for—and rightfully so—is being a very neighborhood-friendly city.

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Explore The River City Like a Local: The Insiders Guide to Renting in Richmond, VA

Written by: Richard Corrigan

Welcome to Richmond! For those unfamiliar, it’s Virginia’s state capitol, a city with a long and rich history, and—some might say—Virginia’s biggest small town. There’s a lot to love about living here.

decorative image for Your Richmond Neighborhood Guide: Living Near the City's Top Employers article

Your Richmond Neighborhood Guide: Living Near the City's Top Employers

Written by: Richard Corrigan

Richmond is a beautiful place to live and work. The city has something for everyone—historic charm, trendy shops and boutiques, world-class restaurants and amazing urban parks and green spaces.

Articles, How-To's, and Tips

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

decorative image for Neighborhood and Market Insights: How to Choose the Right Area to Rent   article

Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.