Cheap Apartments for Rent in the Upper Shockoe Valley Neighborhood of Richmond, VA from $800 (11 Rentals)

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

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The Hill Building
1 to 2 Bedroom Apartments

The Hill Building

114 Virginia StRichmond, VA 23219
  • 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.

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1820 E Broad St
1 to 3 Bedroom Apartments

1820 E Broad St

1820 E Broad StRichmond, VA 23223
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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

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 1 Bed unit found at Jefferson Townhouses priced from $1,000. Cedar Broad has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,045. Here are the most affordable Upper Shockoe Valley apartments for rent in Richmond, VA:

Apartment ListingModel NameBed/BathPriced From
Jefferson Townhouses1X11BR,1BA$1,000
Cedar BroadA2b1BR,1BA$1,045
Attain ShockoeCapitolStudio,1BA$1,102
The OliverThe Wonderland2BR,2BA$1,177
The Corner Lofts - 1321 E. Main St.1BR/1.0BA1BR,1BA$1,199

Best Value Apartments for Rent in Upper Shockoe Valley, VA

As of July 26, 2025 the best value apartment in the Upper Shockoe Valley area is the $1.78 price per square foot James Lofts Model at The Watkins at Shockoe in the in the Downtown Richmond neighborhood starting from $2,350. The second greatest value Upper Shockoe Valley apartment is the 1BR/1.0BA Model at 1710 East Franklin Street starting at $1,310 with a $1.03 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.
The Watkins at ShockoeJames Lofts2BR,2BA$1.78
1710 East Franklin Street1BR/1.0BA1BR,1BA$1.03
Raven PlaceB1.12BR,2BA$1.47
2001 EastB62BR,2BA$1.82
Exchange PlaceExchange Place Unit 2072BR,2BA$1.97
Atrium Lofts at Cold StorageTwo Bedroom2BR,2BA$2.05
The Corner Lofts - 1321 E. Main St.1BR/1.0BA1BR,1BA$1.50
Jefferson Townhouses1X11BR,1BA$1.68
Cedar BroadA11BR,1BA$2.08
The OliverThe Virginia1BR,1BA$2.29

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Pet Friendly Lifestyle
Upper Shockoe Valley, Richmond, VA

Ranked #149

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

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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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

Frequently Asked Questions about Cheap Upper Shockoe Valley Apartments

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 $1,981.

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 53 regular apartments in Upper Shockoe Valley that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.