Cheap Apartments for Rent in Richmond, VA from $400 (442 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

Showing Results 1-50, Page 1 of 9

Richmond, VA Local Guide

Photo of Justin Habersaat - Editing Staff
Written By:
Justin Habersaat
Editing Staff

Cheapest Neighborhoods for Apartments in Richmond, VA

Pricing Updated: 02/23/2025

Current apartment rentals in the Richmond, VA area range in price from $582 to $10,985 with an overall median price of $2,696. The three Richmond neighborhoods with the lowest median rent pricing are Cofer at $715, Brookhaven Farms at $715, and Fawnbrook at $715. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Richmond Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Cofer$1,410$7155618
Brookhaven Farms$1,450$715857
Fawnbrook$1,450$715857
British Camp Farms$1,485$825600
Broad Rock Industrial Park$1,512$7152083
Belt Center$1,589$7154959
Northrop$1,589$7154452
Woodhaven$1,629$7155183
Petersburg Chesterfield$1,635$900812
Petersburg Colonial Heights$1,637$8201714

Cheapest Available Richmond Apartments for Rent

 

The cheapest available apartment rental in Richmond, VA is a 2 Beds unit found at Lambert Landing in the Cypress Woods neighborhood priced from $582. Kingly Ones and Briarwood Court Apartments in the Broad Rock neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $825. Here is today’s list of the most affordable Richmond apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Lambert LandingTwo Bedroom2BR,1BA$582
Kingly Ones and Briarwood Court Apartments1 Bedroom1BR,1BA$825
Legacy at Imperial VillageStudioStudio,1BA$835
Towers on FranklinHarrisonStudio,1BA$850
Manchester Grand ApartmentsA2111BR,1BA$855
Huntwood Apartments1 Beds, 1 Baths1BR,1BA$895
The Arbors Senior ApartmentsMove-in Special Now offering Reduced Rent - ...1BR,1BA$899
Bloom Apartments II1Bed/1Bath: 463 sq ft1BR,1BA$899
Falling Creek ApartmentsA31BR,1BA$905

Best Value Apartments for Rent in Richmond, VA

As of February 23, 2025 the best value apartment in the Richmond area is the $0.85 price per square foot 2509 Seminary Ave Model at 2509 Seminary Ave, Unit Apt B in the in the Bellevue neighborhood starting from $1,280. The second greatest value Richmond apartment is the 4x2 - Priced Per Bedroom Model at Marshall Park starting at $756 with a $0.51 price per square foot in the Downtown Richmond neighborhood. Here is today’s list of the best values for Richmond apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
2509 Seminary Ave, Unit Apt B2509 Seminary Ave2BR,1BA$0.85
Marshall Park4x2 - Priced Per Bedroom4BR,2BA$0.51
Broadway ApartmentsTwo Bed Two Bath2BR,2BA$1.18
Lofts and Upper Lofts at Canal WalkCanal 236 1 Bed1BR,1BA$0.94
Creekside Manor Apartments3 Beds, 1.5 baths3BR,1.5BA$1.06
Townhouses of Chesterfield IIWood II2BR,1.5BA$1.08
Hatcher Tobacco Flats3X23BR,2BA$1.19
Lambert LandingTwo Bedroom2BR,1BA$0.61
City View Place2 Bedroom Unit2BR,1.5BA$1.14
Charming 2 bedroom in Northside Richmond!2BR/1.0BA2BR,1BA$1.18

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

Richmond Overview

The state capitol of Virginia, Richmond is a city boasting a long and proud history dating all the way back to the 1700's. From its bluecollar roots to the city's welcoming combination of cultural heritage and big city excitement, Richmond is one municipality well worth exploring and Richmond apartments make the perfect place to call home..

Why live in Richmond, VA?

With a keen sense of history and the local landmarks to back it up, Richmond is a fine place to call home for many reasons. The universities are highly lauded, the economy is showing steady local growth in both the housing market as well as the local industry, and the stately, architectural beauty is an even match for the area's natural splendor.

Pet Friendly Lifestyle
Richmond, VA

Ranked #6

Among cities in Virginia for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

decorative image of woman handing cat to small boy

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

Explore Richmond, VA Rentals by Map

Decorative image of map

See the most popular apartments and homes in Richmond, VA

View MapRichmond, VA Apartments MapView MapRichmond, VA Rental Homes Map

Getting Around Richmond, VA

Walk Score®

59 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

53 / 100

Bikeable

Some bike infrastructure

Transit Score®

26 / 100

Some Transit

A few nearby public transportation options

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Richmond Apartments

What is the Cheapest Studio apartment in Richmond?

Currently the most affordable Cheap Studio Apartment in Richmond is at Legacy at Imperial Village listed at $835.

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

The lowest price for a Cheap One Bedroom Richmond Apartment is $825 at Kingly Ones and Briarwood Court Apartments.

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

Today's best deal for a Cheap Two Bedroom Apartment in Richmond is starting from $582 at Lambert Landing.

What is the most affordable Richmond Three Bedroom Apartment?

The best deal on a cheap Richmond Three Bedroom Apartment rental is at Lambert Landing and starts from $667.

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.

decorative image for Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

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.

decorative image for What to Know About Fees and Fines When Renting article

What to Know About Fees and Fines When Renting

Written by: Trey Huguley

When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

decorative image for How Your Move-In Inspection Can Protect Your Security Deposit article

How Your Move-In Inspection Can Protect Your Security Deposit

Written by: Christine Leonard, Esq.

If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.

decorative image for Signing Your Apartment Lease: The Basics article

Signing Your Apartment Lease: The Basics

Written by: Trey Huguley

When you're about to sign a lease for the first time, it can feel a bit overwhelming. You don’t want to miss any important details hidden in the fine print.