Cheap Apartments for Rent in the Capitol District Richmond, VA from $500 (161 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Capitol District area of Richmond.

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Capitol District, Richmond, VA Local Guide

Cheapest Available Capitol District Apartments for Rent

 

The cheapest available apartment rental in the Capitol District area of Richmond, VA is a 1 Bed unit found at New Manchester Flats priced from $702. Manchester Grand Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $855. Here are the most affordable Capitol District apartments for rent in Richmond, VA:

Apartment ListingModel NameBed/BathPriced From
New Manchester FlatsThe Decatur1BR,1BA$702
Manchester Grand ApartmentsA2111BR,1BA$855
2001 EastA31BR,1BA$925
Towers on FranklinRodneyStudio,1BA$949
Eagle Mill Lofts2bed 1bth2BR,1BA$950
Charming apartment in the heart of Richmond!1BR/1.0BA1BR,1BA$995
Dogtown Apartments1 Bedroom Standard1BR,1BA$999
Attain ShockoeBellevue1BR,1BA$1,018
The Edison ApartmentsSXDStudio,1BA$1,019

Best Value Apartments for Rent in Capitol District, VA

As of April 15, 2025 the best value apartment in the Capitol District area is the $1.35 price per square foot 1205 N 34th St Model at 1205 N 34th St, Unit 1205N.34thSt in the in the East neighborhood starting from $2,495. The second greatest value Capitol District 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 Capitol District apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
1205 N 34th St, Unit 1205N.34thSt1205 N 34th St3BR,2.5BA$1.35
Marshall Park4x2 - Priced Per Bedroom4BR,2BA$0.51
Park Plaza @ Belvidere2BR/2.0BA2BR,2BA$1.31
The BerkshireClay1BR,1BA$1.29
Venus At Manchester Apartments2 -Bedroom, 2-Bath2BR,2BA$1.25
City View Place2 Bedroom Unit2BR,1.5BA$1.14
Belle SummitRainer2BR,2BA$1.21
Mallard GreensTWO BEDROOMS JUST FOR YOU!! AVAILABLE NOW - WH...2BR,1BA$1.33
Charming apartment in the heart of Richmond!1BR/1.0BA1BR,1BA$1.25
1527 Mechanicsville Tpke, Unit 31527 Mechanicsville Tpke1BR,1BA$1.17

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Pet Friendly Lifestyle
Capitol District, Richmond, VA

Ranked #3

Among neighborhoods in Richmond, VA for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Lifestyle Ratings

This website works hard to bring you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals and neighborhoods across the USA, and customized analysis for Central Richmond. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including searching for the best amenities, and proximity to parks, transit availability, pet-friendly communities, features that make it easier to raise kids, and much more. Find Lifestyle Search in the filter options (above). Happy Searching!

Getting Around the Capitol District Neighborhood in Richmond, VA

Walk Score®

90 / 100

Walker’s Paradise

Daily errands do not require a car

Bike Score®

77 / 100

Very Bikeable

Biking is convenient for most trips

Transit Score®

64 / 100

Good Transit

Many 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 Capitol District Apartments

What is a cheap apartment in Capitol District?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Capitol District is under $1,019.

What is the price of a cheap apartment in Capitol District?

The cheapest apartment in Capitol District is New Manchester Flats which is listed at $702, while the average apartment in Capitol District costs $3,700.

What types of apartments are the cheapest in Capitol District?

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 259 regular apartments in Capitol District 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 Capitol District?

Cheap apartments in Capitol District have an average cost of $497 which is $3,203 cheaper than the average rent for all rentals in Capitol District.

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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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.

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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.

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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.