Cheap Homes for Rent in Shipman, VA from $500 (16 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
By AmenitiesDone
By Community TypeDone
Done

Search the lowest-cost Homes available for rent right now in Shipman.

property at 117 Williams Rd

$535

Total Monthly Price

Total Monthly Price

Base Rent
$535

Total Monthly Price
$535

1 Bedroom, 1 Bath Townhome for Rent

Available Aug 7

117 Williams Rd

Madison HeightsVA24572
property at 113 Williams Rd

$535

Total Monthly Price

Total Monthly Price

Base Rent
$535

Total Monthly Price
$535

5 Bedroom, 5 Bath Townhome for Rent

Available Aug 1

113 Williams Rd

Madison HeightsVA24572
property at 115 Williams Rd

$535

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$535

Total Monthly Price
$535

5 Bedroom, 5 Bath Townhome for Rent

Available Aug 9

115 Williams Rd

Madison HeightsVA24572
property at 26 Whiteoak Cir

$1,395

Total Monthly Price

Total Monthly Price

Base Rent
$1,395

Total Monthly Price
$1,395

3 Bedroom, 1 Bath Home for Rent

Available Apr 12

26 Whiteoak Cir

LyndhurstVA22952
property at 4626 S Amherst Hwy

$1,400

Total Monthly Price

Total Monthly Price

Base Rent
$1,400

Total Monthly Price
$1,400

3 Bedroom, 1 Bath Home for Rent

Available May 1

4626 S Amherst Hwy

Madison HeightsVA24572

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.

property at 221 River Rd

$1,450

Total Monthly Price

Total Monthly Price

Base Rent
$1,450

Total Monthly Price
$1,450

3 Bedroom, 1 Bath Home for Rent

Available Now

221 River Rd

WaynesboroVA22980
property at 405 Seminole Dr

$1,495

Total Monthly Price

Total Monthly Price

Base Rent
$1,495

Total Monthly Price
$1,495

3 Bedroom, 1 Bath Home for Rent

Available Now

405 Seminole Dr

Madison HeightsVA24572
property at 6013 Rockfish Gap Turnpike

$1,500

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,500

Total Monthly Price
$1,500

1 Bedroom, 1 Bath Home for Rent

Available Now

property at 251 Lakeview Dr

$1,500

Total Monthly Price

Total Monthly Price

Base Rent
$1,500

Total Monthly Price
$1,500

3 Bedroom, 2 Bath Home for Rent

Available Now

251 Lakeview Dr

Madison HeightsVA24572

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.

property at 718 Laurelwood

$1,500

Total Monthly Price

Total Monthly Price

Base Rent
$1,500

Total Monthly Price
$1,500

1 Bedroom, 1 Bath Condo for Rent

Available Now

718 Laurelwood

RoselandVA22967
property at 197 Hilltop Dr

$1,500

Total Monthly Price

Total Monthly Price

Base Rent
$1,500

Total Monthly Price
$1,500

3 Bedroom, 1 Bath Home for Rent

Available Now

197 Hilltop Dr

Madison HeightsVA24572
property at 6842 Chancery Ln

$1,510

Total Monthly Price

Total Monthly Price

Base Rent
$1,510

Total Monthly Price
$1,510

Studio, 1 Bath Condo for Rent

Available Jul 15

6842 Chancery Ln

CrozetVA22932
property at 509 5th St

$1,565

Total Monthly Price

Total Monthly Price

Base Rent
$1,565

Total Monthly Price
$1,565

3 Bedroom, 2 Bath Home for Rent

Available Apr 12

509 5th St

WaynesboroVA22980

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.

property at 3161 Monacan Trail Rd

$1,800

Total Monthly Price

Total Monthly Price

Base Rent
$1,800

Total Monthly Price
$1,800

3 Bedroom, 1 Bath Townhome for Rent

Available Jul 1

3161 Monacan Trail Rd

North GardenVA22959

Shipman, VA Local Guide

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 ListingModel NameBed/BathPriced From
Elora Gardens Lynchburg1 Bedroom1BR,1BA$696
Hillcrest Manor Apartments1br1BR,1BA$700
Rivermont ParkStudioStudio,1BA$859
Ryan School ApartmentsOne bedroom1BR,1BA$893
Church Street Townhomes1 Bedroom, 1 Bathroom1BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
River Lofts West2BR/2.0BA2BR,2BA$0.81
Town Center Apartments3 Bed/2 Bath Type 23BR,2BA$1.22
Windigrove ApartmentsHawthorn-Acc3BR,2BA$1.25
Piedmont Flour Mill LoftsOne Bedroom1BR,1BA$0.92
The WayneRiverview Flats 2BR2BR,1BA$1.16
Montague Terrace2 BDRM/2 Bath2BR,2BA$1.08
Boonsboro Village Apartments2 Bedroom, 1.5 Bath TH2BR,1.5BA$1.26
Mountain Ridge Apartments2x12BR,1BA$1.22
Princeton Circle West ApartmentsContemporary1BR,1BA$1.36
Hillcrest Manor Apartments1br1BR,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 Article
Decorative image

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.

Read Article
Decorative image

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.

Read Article
Decorative image

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.

Read Article
Decorative image

Quick 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.

decorative image of people with a giant lease agreement

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Shipman, VA Rentals by Map

View Map
Shipman, VA Apartments Map
View Map
Shipman, VA Rental Homes Map

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

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

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.

decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

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.