
Cheap Homes for Rent near Smithfield, VA from $700 (6 Rentals)
Search the lowest-cost Homes available for rent right now in Smithfield.


520 Bellwood Rd

2314 Chestnut Ave
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

116 Tyler Ave

338 51st St

612 46th St
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
Smithfield, VA Local Guide

How much does it cost to rent a home in Smithfield?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Smithfield 2 Bedroom Homes for Rent | $1,423 | $795 | $2,150 |
| Smithfield 3 Bedroom Homes for Rent | $2,103 | $1,450 | $2,800 |
| Smithfield 4 Bedroom Homes for Rent | $2,593 | $1,950 | $3,200 |
| Smithfield 5 Bedroom Homes for Rent | $2,931 | $2,500 | $3,495 |
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Smithfield, VA Local Guide
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Cheapest Available Smithfield Apartments for Rent and Nearby
 The cheapest available apartment rental in Smithfield, VA is a Studio unit found at Hartford at Anchor Point in the Ivy Farms neighborhood priced from $905. Cottage Grove Apartments and Townhomes in the Huntington neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $999. Here is today’s list of the most affordable Smithfield apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Hartford at Anchor Point | Studio | Studio,1BA | $905 |
| Cottage Grove Apartments and Townhomes | A2 - Cottages | 1BR,1BA | $999 |
| Turlington Oaks Apartments | 1b1 | 1BR,1BA | $1,015 |
Best Value Apartments for Rent in Smithfield, VA and Nearby
As of July 25, 2026 the best value apartment in the Smithfield area is the $1.44 price per square foot Noland Model at Winston Townhouses in the in the Robinson Terrace neighborhood starting from $1,436. The second greatest value Smithfield apartment is the 2 Bedroom 2 Bath Model at Wellesley Woods Apartment Homes starting at $1,405 with a $1.41 price per square foot in the Glendale neighborhood. Here is today’s list of the best values for Smithfield apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Winston Townhouses | Noland | 2BR,1.5BA | $1.44 |
| Wellesley Woods Apartment Homes | 2 Bedroom 2 Bath | 2BR,2BA | $1.41 |
| Sharps Landing | 2 Bed | 2BR,1.5BA | $1.49 |
| Westover Station | 2 Bedroom | 2BR,1BA | $1.49 |
| Jefferson Flats | JEFFERSON RENOVATED | 2BR,1BA | $1.56 |
| Turlington Oaks Apartments | 1b1 | 1BR,1BA | $1.19 |
| Hidenwood - Hiden Place Apartments | Hidenwood - The Newport - 2 Bed | 2BR,1.5BA | $1.41 |
| Admiral Pointe | 2 BR | 2BR,1BA | $1.31 |
| Pebble Stone Gardens | Meadow | 2BR,1BA | $1.48 |
| Windsor Court Apartments | 2BR/1BA | 2BR,1BA | $1.54 |
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 ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
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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.
Best Local Schools in Smithfield, VA
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Remember the 3 Rules of Real Estate:Location, Location, Location!
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Frequently Asked Questions about Smithfield
What type of rentals are currently available in Smithfield?
There are currently 55 Apartments for Rent in Smithfield, VA with pricing that ranges from $829 to $15,240. There are also 40 Single Family Homes for rent, Condos, and Townhome rentals currently available in Smithfield ranging from $795 to $3,495.
What is the current price range for Rental Homes in Smithfield?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Smithfield ranges from $795 to $3,495 with an average monthly rent of $1,819.
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

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.