Cheap Apartments for Rent in the Upper Shockoe Valley Neighborhood of Richmond, VA from $1,000 (18 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 Bakery
$1,350 - $2,400
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,350 - $2,400

Total Monthly Price
$1,350 - $2,400
1 to 2 Bedroom Apartments Available Now

The Bakery

127 N 17th StRichmond, VA 23219
Luxury
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  • Utilities Included
  • 3D Tour

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1401-1411 E Cary Street
Studio to 3 Bedroom Apartments

1401-1411 E Cary Street

1407-1411 E Cary StRichmond, VA 23219
  • Utilities Included
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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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Shockoe Commons
1 to 2 Bedroom Apartments

Shockoe Commons

1215 E Main StRichmond, VA 23219
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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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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

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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. The Hill Building has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,095. Here are the most affordable Upper Shockoe Valley apartments for rent in Richmond, VA:

Apartment ListingModel NameBed/BathPriced From
Jefferson Townhouses1X11BR,1BA$1,000
The Hill BuildingStudio1BR,1BA$1,095
The OliverThe Virginia1BR,1BA$1,177
1710 Lofts1 Bedroom 1 Bath - 413991BR,1BA$1,205
Shockoe CommonsSCommons-A41BR,1BA$1,209

Best Value Apartments for Rent in Upper Shockoe Valley, VA

As of March 13, 2026 the best value apartment in the Upper Shockoe Valley area is the $1.50 price per square foot B1.1 Model at Raven Place in the in the Downtown Richmond neighborhood starting from $1,775. The second greatest value Upper Shockoe Valley apartment is the Two Bedroom Model at Atrium Lofts at Cold Storage starting at $1,686 with a $1.80 price per square foot in the East 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.
Raven PlaceB1.12BR,2BA$1.50
Atrium Lofts at Cold StorageTwo Bedroom2BR,2BA$1.80
The Watkins at ShockoeThe Watkins - Shiplock (One Bedroom)1BR,1BA$1.65
Shockoe CommonsSCommons-A41BR,1BA$1.80
1710 Lofts1 Bedroom 1 Bath - 413991BR,1BA$1.92
Cigar LoftsThe Scout1BR,1BA$2.26
Jefferson Townhouses1X11BR,1BA$1.68
The Hill BuildingStudioStudio ,1BA$1.90
Flats at 14th1 Bedroom 1 Bath - 306251BR,1BA$2.33
The OliverThe Virginia1BR,1BA$2.29

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

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Pet Friendly Lifestyle
Upper Shockoe Valley, Richmond, VA

Ranked #132

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

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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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 19 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 $845 which is $1,136 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

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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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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.

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Renting your next home can feel thrilling and overwhelming at the same time.

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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.