
Cheap Homes for Rent near Townsend, VA from $1,200 (8 Rentals)
Search the lowest-cost Homes available for rent right now in Townsend.


4217 Dunning Rd

12 Clemwood Pkwy

405 Institute Dr
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.

8204 Atlantic Ave

6541 Broadwater Cir

8275 Captains Way

5129 Walkers Grant Ln
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.
Townsend, VA Local Guide

How much does it cost to rent a home in Townsend?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Townsend 2 Bedroom Homes for Rent | $2,327 | $1,800 | $2,800 |
| Townsend 3 Bedroom Homes for Rent | $2,745 | $1,700 | $4,795 |
| Townsend 4 Bedroom Homes for Rent | $4,560 | $2,175 | $10,000+ |
| Townsend 5 Bedroom Homes for Rent | $3,575 | $2,850 | $4,300 |
Browse Top Homes for Rent in Townsend
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Townsend, VA Local Guide
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Cheapest Available Townsend Apartments for Rent and Nearby
 The cheapest available apartment rental in Townsend, VA is a Studio unit found at Gosnold Mews Apartments in the Willow Oaks neighborhood priced from $950. Kiptopeke Studios has the second lowest priced unit, which is a Studio apartment currently listed from $998. Here is today’s list of the most affordable Townsend apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Gosnold Mews Apartments | Studio | Studio,1BA | $950 |
| Kiptopeke Studios | Kiptopeke Studios All-Inclusive Living from $99... | Studio,1BA | $998 |
| Highedge 2 Bedroom Apartments | Two Bedroom | 2BR,1BA | $1,075 |
Best Value Apartments for Rent in Townsend, VA and Nearby
As of July 15, 2026 the best value apartment in the Townsend area is the $1.67 price per square foot Virginia Renovated Model at Bayville Apartments in the in the Northwest neighborhood starting from $2,326. The second greatest value Townsend apartment is the Bay Breeze Model at Park Towne Apartments starting at $1,790 with a $1.52 price per square foot in the North Camellia Acres neighborhood. Here is today’s list of the best values for Townsend apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Bayville Apartments | Virginia Renovated | 3BR,2BA | $1.67 |
| Park Towne Apartments | Bay Breeze | 3BR,1.5BA | $1.52 |
| Highedge 2 Bedroom Apartments | Two Bedroom | 2BR,1.5BA | $1.06 |
| Bridgeport Apartments | The Seabreeze | 2BR,2BA | $1.28 |
| Pleasant Village Apartments | The Island | 2BR,2BA | $1.56 |
| Pelican Dock Apartments | Lake Front 2 Bed/2 Bath only a few hundred yard... | 2BR,2BA | $1.91 |
| 1415 E Ocean View Ave | Two Bedroom | 2BR,1BA | $1.55 |
| 320 Randolph Ave | 2 bedroom | 2BR,1BA | $1.56 |
| Vantage Apartments | 2BR Waitlist | 2BR,1BA | $1.52 |
| Fox Hill Village | Hampton | 1BR,1BA | $2.04 |
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.
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!
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Frequently Asked Questions about Townsend
What type of rentals are currently available in Townsend?
There are currently 49 Apartments for Rent in Townsend, VA with pricing that ranges from $950 to $5,585. There are also 38 Single Family Homes for rent, Condos, and Townhome rentals currently available in Townsend ranging from $1,200 to $13,000.
What is the current price range for Rental Homes in Townsend?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Townsend ranges from $1,200 to $13,000 with an average monthly rent of $3,004.
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

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.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.