
Cheap Apartments for Rent in the Riverwalk Neighborhood of Fredericksburg, VA from $800 (12 Rentals)
Search the lowest-cost Apartments available for rent right now in the Riverwalk area of Fredericksburg.


710 Freeman St, Unit 4

Townsend Square

Riverwoods Apartments of Fredericksburg

The Commons at Cowan Boulevard

The Residences at Belmont

Madonna House at Belmont Senior Apartments
Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
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1208 Kenmore Ave
Riverwalk, Fredericksburg, VA Local Guide

How much does it cost to rent an apartment in Riverwalk?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Riverwalk Studio Apartments | $2,999 | $2,999 | $2,999 |
Riverwalk 1 Bedroom Apartments | $1,770 | $1,300 | $2,175 |
Riverwalk 2 Bedroom Apartments | $2,164 | $1,399 | $4,500 |
Riverwalk 3 Bedroom Apartments | $2,462 | $1,849 | $3,500 |
Browse Apartments in this Neighborhood
There are currently 12 rentals with your search options within a 2 mile radius of the Riverwalk Neighborhood of Fredericksburg, VA.
See all Apartments in FredericksburgExplore Fredericksburg
Riverwalk, Fredericksburg, VA Local Guide
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Cheapest Available Riverwalk Apartments for Rent
 The cheapest available apartment rental in the Riverwalk area of Fredericksburg, VA is a 2 Beds unit found at The Commons at Cowan Boulevard priced from $1,333. Townsend Square has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,399. Here are the most affordable Riverwalk apartments for rent in Fredericksburg, VA:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
The Commons at Cowan Boulevard | 2C | 2BR,1BA | $1,333 |
Townsend Square | The Stratford | 2BR,2BA | $1,399 |
Riverwoods Apartments of Fredericksburg | The Willow | 1BR,1BA | $1,508 |
The Residences at Belmont | The Oak | 1BR,1BA | $1,543 |
Magnolia Falls | Dogwood | 1BR,1BA | $1,575 |
Best Value Apartments for Rent in Riverwalk, VA
As of April 30, 2025 the best value apartment in the Riverwalk area is the $2.29 price per square foot The Grace Model at William Square Luxury Residences in the in the Chatham Landing neighborhood starting from $3,649. The second greatest value Riverwalk apartment is the 3 Bed 2.5 Bath 60% Model at Riverside Manor Apartments starting at $2,095 with a $1.54 price per square foot in the Riverwalk neighborhood. Here is today’s list of the best values for Riverwalk apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
William Square Luxury Residences | The Grace | 2BR,2BA | $2.29 |
Riverside Manor Apartments | 3 Bed 2.5 Bath 60% | 3BR,2.5BA | $1.54 |
Crestview Apartments | The Wave | 3BR,2BA | $2.04 |
Townsend Square | The Hathaway | 3BR,2BA | $1.74 |
Kensington Crossing | Willow | 2BR,1BA | $1.86 |
Riverwoods Apartments of Fredericksburg | The Willow | 1BR,1BA | $1.68 |
MAA Greenbrier | Elwood V | 2BR,2BA | $2.19 |
MAA Seasons | Chancellor | 1BR,1BA | $2.17 |
The Residences at Belmont | The Orchid - Renovated | 1BR,1BA | $2.33 |
Magnolia Falls | Dogwood | 1BR,1BA | $2.34 |
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Pet Friendly LifestyleRiverwalk, Fredericksburg, VA
Ranked #1
Among neighborhoods in Fredericksburg, VA for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Lifestyle Ratings
This website is proud to bring you Lifestyle Ratings of rentals in cities across the United States and customized analysis for Central Fredericksburg, VA. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including filtering automatically for convenient access to the outdoors, luxury housing options, kid and pet-friendly communities, availability of transit options, walking, and biking. These search options are in the site filters at the top of this page.
Frequently Asked Questions about Cheap Riverwalk Apartments
What is the price of a cheap apartment in Riverwalk?
The cheapest apartment in Riverwalk is The Commons at Cowan Boulevard which is listed at $1,469, while the average apartment in Riverwalk costs $2,999.
What types of apartments are the cheapest in Riverwalk?
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 9 regular apartments in Riverwalk 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 Riverwalk?
Cheap apartments in Riverwalk have an average cost of $397 which is $2,602 cheaper than the average rent for all rentals in Riverwalk.
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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As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.

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Written by: Christine Leonard, Esq.
Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

Renting Smart: Lease Basics Every Renter Needs
Written by: Christine Leonard, Esq.
Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.