Cheap Apartments for Rent in Prospect, VA from $600 (38 Rentals)

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Search the lowest-cost Apartments available for rent right now in Prospect.

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500 Euclid Avenue
1 Bedroom Apartments

500 Euclid Avenue

500 Euclid AveLynchburg, VA 24501
  • Utilities Included
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Midtown on 12th
Studio to 1 Bedroom Apartments

Midtown on 12th

1701 12th StLynchburg, VA 24501
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Prospect, VA Local Guide

Cheapest Available Prospect Apartments for Rent and Nearby

 

The cheapest available apartment rental in Prospect, VA is a 1 Bed unit found at Bramblewood Apartments in the Tate Springs neighborhood priced from $750. Miller's Rest Apartments in the Tate Springs neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $803. Here is today’s list of the most affordable Prospect apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Bramblewood Apartments1BR/1.0BA1BR,1BA$750
Miller's Rest ApartmentsProof -ADA2BR,2BA$803
Wesley Apartments - Senior Living CommunityStudio (Stair Access)Studio,1BA$820
Rivermont Park1 Bedroom, 1 Bath1BR,1BA$849
The Timbers2 Bedroom, 1 Bathroom2BR,1BA$859
Walden Pond Apartment Homes1 Bedroom1BR,1BA$868
County Green Apartment Homes1 Bed, 1 bath1BR,1BA$875
Midtown Lofts1 Bed 1 Bath1BR,1BA$895
Princeton Circle West ApartmentsColonial2BR,1BA$950
The Westie in Madison Heights1 BR1BR,1BA$1,015

Best Value Apartments for Rent in Prospect, VA and Nearby

As of April 30, 2025 the best value apartment in the Prospect area is the $1.17 price per square foot 2 Bedroom with Den Model at Walden Pond Apartment Homes in the in the Tate Springs neighborhood starting from $1,393. The second greatest value Prospect apartment is the One Bedroom Model at Piedmont Flour Mill Lofts starting at $1,099 with a $0.92 price per square foot in the Tate Springs neighborhood. Here is today’s list of the best values for Prospect apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Walden Pond Apartment Homes2 Bedroom with Den2BR,1.5BA$1.17
Piedmont Flour Mill LoftsOne Bedroom1BR,1BA$0.92
Forestbrook Apartments3 Bed/ 2 Bath with Den3BR,2BA$0.92
Park Place Apartments3BR/2BA Renovated3BR,2BA$1.16
Grand VistasDogwood1BR,1BA$0.99
Princeton Circle West ApartmentsContemporary2BR,2BA$1.03
Miller's Rest ApartmentsProof -ADA2BR,2BA$0.85
The Timbers2 Bedroom, 1 Bathroom2BR,1BA$0.98
County Green Apartment Homes1 Bed, 1 bath1BR,1BA$1.15
Bramblewood Apartments1BR/1.0BA1BR,1BA$1.10

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Frequently Asked Questions about Cheap Prospect Apartments

How much is rent for a Cheap One Bedroom Prospect Apartment?

The lowest price for a Cheap One Bedroom Prospect Apartment is $750 at Bramblewood Apartments.

What is the lowest price for a Cheap Two Bedroom Prospect Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Prospect is starting from $800 at Bramblewood Apartments.

What is the most affordable Prospect Three Bedroom Apartment?

The best deal on a cheap Prospect Three Bedroom Apartment rental is at Bramblewood Apartments and starts from $949.

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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Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

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Rise of Digital Nomads: Remote Work Tips for Apartment Renters

Written by: Brandie Parton

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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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

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.

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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.