
Top Rated Cheap Apartments for Rent in Richmond, VA from $400 (82 Rentals)
Apartments in Richmond with the best features, newest construction, and richest amenities.
Search the lowest-cost Apartments available for rent right now in Richmond.


The Masonry

The Oliver

The Edison Apartments

Sphere Apartments

Terraces at Manchester

The Biggs Building

The Cove

City View Lofts

Market Villas

First National Apartments

Atrium on Broad Apartments

Spectrum Apartments

Residences at the John Marshall

7th Street Lofts

The Arbors at Hull Street Senior Apartments

Residences at Richmond Trust

South Falls Tower

Culpeper Farms

Park West End

T and E Apartments

Southern Stove Lofts

The Overlook at City View

Lofts and Upper Lofts at Canal Walk III

The Penny at Jackson Ward

Rivers Edge

Model Tobacco Lofts

Wellsmith Apartments

Penstock Quarter Apartments

Pohlig Box Factory Apartments

Cookie Factory Lofts

The Navigator

Shockoe Valley View

1 Scott's Addition

Exchange Place

East 51 At Rocketts Landing

Link Apartments® Manchester
Richmond, VA Local Guide

How much does it cost to rent an apartment in Richmond?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Richmond Studio Apartments | $1,359 | $715 | $4,158 |
Richmond 1 Bedroom Apartments | $1,655 | $700 | $7,101 |
Richmond 2 Bedroom Apartments | $1,948 | $832 | $10,000+ |
Richmond 3 Bedroom Apartments | $2,453 | $879 | $9,232 |
Richmond 4 Bedroom Apartments | $1,215 | $756 | $7,250 |
Explore Richmond
Richmond, VA Local Guide
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Quick Rent Budget Calculator
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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 a cheap apartment in Richmond?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Richmond is under $899.
What is the price of a cheap apartment in Richmond?
The cheapest apartment in Richmond is Attain Shockoe which is listed at $800, while the average apartment in Richmond costs $2,966.
What types of apartments are the cheapest in Richmond?
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 746,274 regular apartments in Richmond 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 Richmond?
Cheap apartments in Richmond have an average cost of $492 which is $2,474 cheaper than the average rent for all rentals in Richmond.
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.

Battling the Butts: Your Guide to the Reality of Smoke-Free Renting
Written by: Andrea Lee Negroni, JD
While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.

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.

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.

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.