Cheap Apartments for Rent in the Upper Shockoe Valley Neighborhood of Richmond, VA from $800 (12 Rentals)
Search the lowest-cost Apartments available for rent right now in the Upper Shockoe Valley area of Richmond.

The Attain

Jefferson Townhouses

Flats at 14th

The Corner Lofts

1816 E Franklin St
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The Oliver

1710 Lofts

1401-1411 E Cary Street

Shockoe Valley View
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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 | $1,193 | $864 | $1,358 |
| Upper Shockoe Valley 1 Bedroom Apartments | $1,472 | $931 | $2,018 |
| Upper Shockoe Valley 2 Bedroom Apartments | $1,764 | $1,225 | $2,500 |
| Upper Shockoe Valley 3 Bedroom Apartments | $1,983 | $1,395 | $2,717 |
| Upper Shockoe Valley 4 Bedroom Apartments | $1,620 | $1,620 | $1,620 |
Browse Apartments in this Neighborhood
There are currently 12 rentals with your search options within a 2 mile radius of the Upper Shockoe Valley Neighborhood of Richmond, VA.
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Upper Shockoe Valley, Richmond, VA Local Guide
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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 Attain Shockoe priced from $931. Jefferson Townhouses has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,000. Here are the most affordable Upper Shockoe Valley apartments for rent in Richmond, VA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Attain Shockoe | Cary | 1BR,1BA | $931 |
| Jefferson Townhouses | 1X1 | 1BR,1BA | $1,000 |
| Flats at 14th | 0 Bedroom 1 Bath - 19022 | Studio,1BA | $1,105 |
| 2001 East | Studio | Studio,1BA | $1,135 |
| The Corner Lofts | 0 Bedroom 1 Bath - 21710 | Studio,1BA | $1,151 |
Best Value Apartments for Rent in Upper Shockoe Valley, VA
As of December 11, 2025 the best value apartment in the Upper Shockoe Valley area is the $1.47 price per square foot B1.1 Model at Raven Place in the in the Downtown Richmond neighborhood starting from $1,730. The second greatest value Upper Shockoe Valley apartment is the Shiplock Model at The Watkins at Shockoe starting at $1,450 with a $1.68 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. |
|---|---|---|---|
| Raven Place | B1.1 | 2BR,2BA | $1.47 |
| The Watkins at Shockoe | Shiplock | 1BR,1BA | $1.68 |
| Exchange Place | Exchange Place Unit 303 | 1BR,1BA | $2.13 |
| 1401-1411 E Cary Street | 1BR/1.0BA | 1BR,1BA | $1.79 |
| Atrium Lofts at Cold Storage | One Bedroom | 1BR,1BA | $1.84 |
| The Corner Lofts | 1 Bedroom 1 Bath - 19099 | 1BR,1BA | $1.95 |
| Cigar Lofts | The Scout | 1BR,1BA | $2.28 |
| Jefferson Townhouses | 1X1 | 1BR,1BA | $1.68 |
| The Hill Building | Studio | Studio ,1BA | $2.24 |
| 2001 East | Studio | Studio ,1BA | $2.18 |
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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Read ArticleThe 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
Read ArticleQuick Rent Budget Calculator
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Pet Friendly LifestyleUpper Shockoe Valley, Richmond, VA
Ranked #147
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 $1,350.
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 $931, 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 22 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 $751 which is $1,230 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.
Articles, How-To's, and Tips

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.

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.

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!


