
Cheap Homes for Rent in Shipman, VA from $500 (16 Rentals)
Search the lowest-cost Homes available for rent right now in Shipman.


113 Williams Rd

115 Williams Rd

26 Whiteoak Cir

4626 S Amherst Hwy
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

120 Riverfield Farm Ln

221 River Rd

405 Seminole Dr

6013 Rockfish Gap Turnpike

251 Lakeview Dr
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.

718 Laurelwood

197 Hilltop Dr

6842 Chancery Ln

509 5th St

6250 Secretarys Sand Rd
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.

3161 Monacan Trail Rd
Shipman, VA Local Guide

How much does it cost to rent a home in Shipman?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Shipman 2 Bedroom Homes for Rent | $1,750 | $1,400 | $2,000 |
| Shipman 3 Bedroom Homes for Rent | $2,026 | $1,400 | $2,895 |
| Shipman 4 Bedroom Homes for Rent | $3,067 | $2,200 | $4,750 |
| Shipman 5 Bedroom Homes for Rent | $3,936 | $535 | $10,000+ |
Browse Top Homes for Rent in Shipman
Explore Shipman
Shipman, VA Local Guide
- Nearby Cities
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Cheapest Available Shipman Apartments for Rent and Nearby
 The cheapest available apartment rental in Shipman, VA is a 1 Bed unit found at Elora Gardens Lynchburg in the Tate Springs neighborhood priced from $696. Hillcrest Manor Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $700. Here is today’s list of the most affordable Shipman apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Elora Gardens Lynchburg | 1 Bedroom | 1BR,1BA | $696 |
| Hillcrest Manor Apartments | 1br | 1BR,1BA | $700 |
| Rivermont Park | Studio | Studio,1BA | $859 |
| Ryan School Apartments | One bedroom | 1BR,1BA | $893 |
| Church Street Townhomes | 1 Bedroom, 1 Bathroom | 1BR,1BA | $895 |
Best Value Apartments for Rent in Shipman, VA and Nearby
As of April 09, 2026 the best value apartment in the Shipman area is the $0.81 price per square foot 2BR/2.0BA Model at River Lofts West in the in the College Hill neighborhood starting from $1,445. The second greatest value Shipman apartment is the 3 Bed/2 Bath Type 2 Model at Town Center Apartments starting at $1,800 with a $1.22 price per square foot . Here is today’s list of the best values for Shipman apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| River Lofts West | 2BR/2.0BA | 2BR,2BA | $0.81 |
| Town Center Apartments | 3 Bed/2 Bath Type 2 | 3BR,2BA | $1.22 |
| Windigrove Apartments | Hawthorn-Acc | 3BR,2BA | $1.25 |
| Piedmont Flour Mill Lofts | One Bedroom | 1BR,1BA | $0.92 |
| The Wayne | Riverview Flats 2BR | 2BR,1BA | $1.16 |
| Montague Terrace | 2 BDRM/2 Bath | 2BR,2BA | $1.08 |
| Boonsboro Village Apartments | 2 Bedroom, 1.5 Bath TH | 2BR,1.5BA | $1.26 |
| Mountain Ridge Apartments | 2x1 | 2BR,1BA | $1.22 |
| Princeton Circle West Apartments | Contemporary | 1BR,1BA | $1.36 |
| Hillcrest Manor Apartments | 1br | 1BR,1BA | $1.08 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon'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.
Read ArticleThe 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.
Read ArticleCash 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.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Shipman, VA Rentals by Map
See the most popular apartments and homes in Shipman, VA
Frequently Asked Questions about Shipman
What type of rentals are currently available in Shipman?
There are currently 58 Apartments for Rent in Shipman, VA with pricing that ranges from $688 to $2,861. There are also 36 Single Family Homes for rent, Condos, and Townhome rentals currently available in Shipman ranging from $535 to $12,000.
What is the current price range for Rental Homes in Shipman?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Shipman ranges from $535 to $12,000 with an average monthly rent of $2,244.
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

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

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.