Cheap Apartments for Rent in the VCU Neighborhood of Richmond, VA from $500 (48 Rentals)

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

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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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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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Richmond Arts
1 Bedroom Apartments

Richmond Arts

115 N 1st StRichmond, VA 23219
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Virginia Apartments
1 to 2 Bedroom Apartments

Virginia Apartments

2602-2608 Kensington AveRichmond, VA 23220
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Jernigin Hall
Studio to 1 Bedroom Apartments

Jernigin Hall

314 W Grace StRichmond, VA 23220
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Richmond’s Best Affordable Neighborhoods

Learn about Richmond and the best affordable places to live by our Local Expert Richard Corrigan

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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
1 to 2 Bedroom Apartments

Eagle Mill Towers

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

Linden Tower

116 E Franklin StRichmond, VA 23219
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1 West Cary
1 Bedroom Apartments

1 West Cary

106 S Foushee StRichmond, VA 23220
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The Stables
1 Bedroom Apartments

The Stables

410 Hancock StRichmond, VA 23220
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408-410 Dobson St
2 Bedroom Apartments

408-410 Dobson St

408-410 Dobson StRichmond, VA 23220

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Pine Court II
Studio to 3 Bedroom Apartments

Pine Court II

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

Pine Court I

707 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
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207 N 3rd St
1 Bedroom Apartments

207 N 3rd St

207 N 3rd StRichmond, VA 23219
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Showing Results 1-48, Page 1 of 1

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 Studio unit found at Towers on Franklin priced from $900. Eagle Mill Lofts has the second lowest priced unit, which is a 2 Beds apartment currently listed from $950. Here are the most affordable VCU apartments for rent in Richmond, VA:

Apartment ListingModel NameBed/BathPriced From
Towers on FranklinGoldStudio,1BA$900
Eagle Mill Lofts2bed 1bth2BR,1BA$950
Van de VyverThe ReserveStudio,1BA$998
The Foundry ApartmentsOne Bedroom1BR,1BA$1,013
Coliseum LoftsE2.2Studio,1BA$1,049
The Stables1 Bedroom 1 Bathroom1BR,1BA$1,055
210 E Grace St1bed/1bath1BR,1BA$1,100
T and E Apartments0 Bed 1 BathStudio,1BA$1,130
Parc View at CommonwealthD5 - Penthouse4BR,4BA$1,145
Revival Apartments1 Bedroom 1 Bath1BR,1BA$1,149

Best Value Apartments for Rent in VCU, VA

As of July 24, 2025 the best value apartment in the VCU area is the $1.63 price per square foot 1714 W Cary St Model at 1714 W Cary St, Unit 4 in the in the Near West neighborhood starting from $2,700. The second greatest value VCU apartment is the 4x2 - Priced Per Bedroom Model at Marshall Park starting at $750 with a $0.51 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.
1714 W Cary St, Unit 41714 W Cary St2BR,2.5BA$1.63
Marshall Park4x2 - Priced Per Bedroom4BR,2BA$0.51
Park Plaza @ Belvidere2BR/2.0BA2BR,2BA$1.45
1300 Grove Ave, Unit 31300 Grove Ave2BR,1BA$1.17
Iron House Apartments3 Bedroom 2 Bath3BR,2BA$1.55
Miller and Rhoads Residences1 Bedroom1BR,1BA$1.66
Broadway ApartmentsTwo Bed One Bath2BR,1BA$1.64
1510 W Broad St - Residential2BR/2.0BA2BR,2BA$1.54
Revival Apartments1 Bedroom 1 Bath1BR,1BA$1.69
The Foundry ApartmentsOne Bedroom1BR,1BA$1.61

Quick Rent Budget Calculator

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The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Pet Friendly Lifestyle
Vcu, Richmond, VA

Ranked #53

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 The Foundry Apartments which is listed at $1,013, while the average apartment in VCU costs $1,995.

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 67 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 $420 which is $1,575 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.

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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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.