Cheap Apartments for Rent in the VCU Neighborhood of Richmond, VA from $600 (98 Rentals)

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

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Cheapest Available VCU Apartments for Rent

 

The cheapest available apartment rental in the VCU area of Richmond, VA is a Studio unit found at Towers on Franklin priced from $900. Van de Vyver has the second lowest priced unit, which is a Studio apartment currently listed from $998. Here are the most affordable VCU apartments for rent in Richmond, VA:

Apartment ListingModel NameBed/BathPriced From
Towers on FranklinHarrisonStudio,1BA$900
Van de VyverThe ReserveStudio,1BA$998
Atrium on Broad Apartments1BR/1.0BA1BR,1BA$1,025
The Stables1 Bedroom 1 Bathroom1BR,1BA$1,055
The Shockoe Collection1 Bed 1 Bath1BR,1BA$1,099
210 E Grace St1bed/1bath1BR,1BA$1,100
Residences at the John MarshallStudioStudio,1BA$1,101
Hammond Lofts2051BR,1BA$1,129
The Penny at Jackson WardThe Lena (L-A1)Studio,1BA$1,141

Best Value Apartments for Rent in VCU, VA

As of January 26, 2026 the best value apartment in the VCU area is the $1.41 price per square foot 3BR/3.0BA Model at Park Plaza @ Belvidere in the in the Downtown Richmond neighborhood starting from $2,905. The second greatest value VCU apartment is the Two Bed Two Bath Model at Broadway Apartments starting at $1,433 with a $1.05 price per square foot in the Downtown Richmond neighborhood. Here is today’s list of the best values for VCU apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Park Plaza @ Belvidere3BR/3.0BA3BR,3BA$1.41
Broadway ApartmentsTwo Bed Two Bath2BR,2BA$1.05
2106 Parkwood Ave, Unit 12106 Parkwood Ave2BR,2BA$1.33
Jackson Street Lofts3BR/3.0BA3BR,3BA$1.47
The BerkshireClay1BR,1BA$1.33
Ascend RVA Student Living3X33BR,3BA$1.03
209 E Main StUnit 208A2BR,1BA$1.36
1322 W Broad St2 Bedroom 2 Bath - 190982BR,2BA$1.55
Marshall Street Apartments1BR/1.0BA1BR,1BA$1.25
Atrium on Broad Apartments1BR/1.0BA1BR,1BA$1.44

Frequently Asked Questions about Cheap VCU Apartments

What is a cheap apartment in VCU?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in VCU is under $1,141.

What is the price of a cheap apartment in VCU?

The cheapest apartment in VCU is Atrium on Broad Apartments which is listed at $1,025, while the average apartment in VCU costs $1,766.

What types of apartments are the cheapest in VCU?

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 100 regular apartments in VCU 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 VCU?

Cheap apartments in VCU have an average cost of $581 which is $1,185 cheaper than the average rent for all rentals in VCU.

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.

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

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.

Articles, How-To's, and Tips

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Written by: Lauren Harrington

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.

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Apartment Common Area Rules: What Renters Need to Know

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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.