Cheap Apartments for Rent in the Upper Shockoe Valley Neighborhood of Richmond, VA from $800 (10 Rentals)

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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. 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 ListingModel NameBed/BathPriced From
Jefferson Townhouses1X11BR,1BA$1,000
Attain ShockoeElmwood1BR,1BA$1,068
Flats at 14th0 Bedroom 1 Bath - 19022Studio,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 ListingModel NameBed/BathPrice Per Sq.Ft.
The Watkins at ShockoeJames2BR,2BA$1.60
Raven PlaceB1.12BR,2BA$1.47
Atrium Lofts at Cold StorageTwo Bedroom2BR,2BA$1.87
Exchange PlaceExchange Place Unit 3031BR,1BA$2.05
Cigar LoftsThe Scout1BR,1BA$2.02
Jefferson Townhouses1X11BR,1BA$1.68
1710 Lofts1 Bedroom 1 Bath - 190541BR,1BA$2.14
2001 EastStudio BStudio ,1BA$2.40
The OliverThe Stone1BR,1BA$2.28
The Corner Lofts0 Bedroom 1 Bath - 19082Studio ,1BA$2.30

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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 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.

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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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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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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.