Cheap Apartments for Rent in the VCU Neighborhood of Richmond, VA from $500 (42 Rentals)

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

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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Goshen Street
Studio to 3 Bedroom Apartments

Goshen Street

302 Goshen StRichmond, VA 23220
  • Utilities Included

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Richmond Arts
Studio to 2 Bedroom Apartments

Richmond Arts

115 N 1st StRichmond, VA 23219
  • Utilities Included
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Jernigin Hall
Studio to 1 Bedroom Apartments

Jernigin Hall

314 W Grace StRichmond, VA 23220
  • Utilities Included
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Virginia Apartments
1 to 2 Bedroom Apartments

Virginia Apartments

2602-2608 Kensington AveRichmond, VA 23220
  • Utilities Included
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The Rosa
1 Bedroom Apartments

The Rosa

744 N 2nd StRichmond, VA 23219
Senior Living
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501-503 E Main St
1 Bedroom Apartments

501-503 E Main St

501-503 E Main StRichmond, VA 23219
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Eagle Mill Towers
Studio to 3 Bedroom Apartments

Eagle Mill Towers

1414 W Marshall StRichmond, VA 23220
  • Utilities Included
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Linden Tower
1 to 2 Bedroom Apartments

Linden Tower

116 E Franklin StRichmond, VA 23219
  • Utilities Included
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1 West Cary
1 to 2 Bedroom Apartments

1 West Cary

106 S Foushee StRichmond, VA 23220
  • Utilities Included

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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408-410 Dobson St
2 Bedroom Apartments

408-410 Dobson St

408-410 Dobson StRichmond, VA 23220
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Pine Court II
Studio to 3 Bedroom Apartments

Pine Court II

611 W Cary StRichmond, VA 23220
Student Housing
  • Utilities Included
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Pine Court I
Studio to 2 Bedroom Apartments

Pine Court I

707 W Cary StRichmond, VA 23220
Student Housing
  • Utilities Included
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Pine Court Apartments III
Studio to 3 Bedroom Apartments

Pine Court Apartments III

723-725 W Cary StRichmond, VA 23220
Student Housing
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Eagle Mill Apartments
1 to 2 Bedroom Apartments

Eagle Mill Apartments

1400 W Marshall StRichmond, VA 23220
  • Utilities Included
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Victory Apartments
1 to 2 Bedroom Apartments

Victory Apartments

407 S Cherry StRichmond, VA 23220
  • Utilities Included
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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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207 N 3rd St
1 Bedroom Apartments

207 N 3rd St

207 N 3rd StRichmond, VA 23219
  • Utilities Included
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121 W Broad St
1 to 2 Bedroom Apartments

121 W Broad St

123 W Broad StRichmond, VA 23220
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The Stables
1 to 2 Bedroom Apartments

The Stables

410 Hancock StRichmond, VA 23220

VCU, Richmond, VA Local Guide

Cheapest Available VCU Apartments for Rent

 

The cheapest available apartment rental in the VCU area of Richmond, VA is a 3 Beds unit found at Chesterfield Apartments priced from $807. Eagle Mill Lofts has the second lowest priced unit, which is a Studio apartment currently listed from $925. Here are the most affordable VCU apartments for rent in Richmond, VA:

Apartment ListingModel NameBed/BathPriced From
Chesterfield ApartmentsTHE MULBERRY FLOOR PLAN - SUITE II3BR,1BA$807
Eagle Mill LoftsStudiosStudio,1BA$925
Van de VyverThe ReserveStudio,1BA$998
The Foundry ApartmentsOne Bedroom1BR,1BA$1,013
The Stables1 Bedroom 1 Bathroom1BR,1BA$1,055
The Mezzo LoftsMontage Gallery - StudiosStudio,1BA$1,086
Mortons Apartments1BR/1.0BA1BR,1BA$1,100
Grace & Monroe ApartmentsStudio - 505Studio,1BA$1,114
Revival Apartments1 Bedroom 1 Bath1BR,1BA$1,149

Best Value Apartments for Rent in VCU, VA

As of September 08, 2025 the best value apartment in the VCU area is the $1.42 price per square foot 715 W Clay St Model at 715 W Clay St, Unit B in the in the Downtown Richmond neighborhood starting from $2,595. The second greatest value VCU apartment is the 4x2 - Priced Per Bedroom Model at Marshall Park starting at $699 with a $0.47 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.
715 W Clay St, Unit B715 W Clay St3BR,2BA$1.42
Marshall Park4x2 - Priced Per Bedroom4BR,2BA$0.47
Park Plaza @ Belvidere2BR/2.0BA2BR,2BA$1.67
Iron House Apartments2 Bedroom 2 Bath with Office2BR,2BA$1.46
Cary Belvidere ApartmentsTwo Beds2BR,2BA$1.48
511 W Marshall St, Unit 101 Main Floor511 W Marshall St2BR,1BA$1.62
Marshall Street Apartments1BR/1.0BA1BR,1BA$1.38
Miller and Rhoads Residences1 Bedroom1BR,1BA$1.43
Mortons Apartments1BR/1.0BA1BR,1BA$1.42
The Foundry ApartmentsOne Bedroom1BR,1BA$1.61

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Vcu, Richmond, VA

Ranked #64

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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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 $1,149.

What is the price of a cheap apartment in VCU?

The cheapest apartment in VCU is Eagle Mill Lofts which is listed at $995, while the average apartment in VCU costs $1,999.

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 99 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 $530 which is $1,469 cheaper than the average rent for all rentals in VCU.

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.

decorative image for A Local Experts Guide To the Top Budget-Friendly Neighborhoods to Rent in Richmond, VA article

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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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.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.