Cheap Apartments for Rent in the Peter Paul Neighborhood of Richmond, VA from $500 (48 Rentals)

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

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Richmond’s Best Affordable Neighborhoods

Learn about Richmond and the best affordable places to live by our Local Expert Richard Corrigan

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The Carlisle
2 Bedroom Apartments

The Carlisle

1700 Carlisle AveRichmond, VA 23231
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Richmond Arts
1 Bedroom Apartments

Richmond Arts

115 N 1st StRichmond, VA 23219
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Shockoe Center
1 to 2 Bedroom Apartments

Shockoe Center

1900 E Franklin StRichmond, VA 23223
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101 Poe St
2 Bedroom Apartments

101 Poe St

101 Poe StRichmond, VA 23222
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Market Slip
1 to 2 Bedroom Apartments

Market Slip

2 S 17th StRichmond, VA 23219
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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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The Rosa
1 Bedroom Apartments

The Rosa

744 N 2nd StRichmond, VA 23219
Senior Living
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501-503 E Main St
1 Bedroom Apartments

501-503 E Main St

501-503 E Main StRichmond, VA 23219
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The Dill Building
1 to 2 Bedroom Apartments

The Dill Building

2020 E Franklin StRichmond, VA 23223
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Ashley Oaks Apartments
2 to 3 Bedroom Apartments

Ashley Oaks Apartments

1400 Jennie Scher RdRichmond, VA 23231
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The Hill Building
1 to 2 Bedroom Apartments

The Hill Building

114 Virginia StRichmond, VA 23219
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Linden Tower
1 to 2 Bedroom Apartments

Linden Tower

116 E Franklin StRichmond, VA 23219
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Shockoe Commons
1 to 2 Bedroom Apartments

Shockoe Commons

1209-1211 E Main StRichmond, VA 23223

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

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Old Stone Row
1 to 2 Bedroom Apartments

Old Stone Row

2001 E Franklin StRichmond, VA 23223
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Engine at The Masonry
1 to 2 Bedroom Apartments

Engine at The Masonry

2026 E Main StRichmond, VA 23223
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City View Place
2 Bedroom Apartments

City View Place

1000 Bainbridge StRichmond, VA 23224
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Showing Results 1-48, Page 1 of 1

Peter Paul, Richmond, VA Local Guide

Cheapest Available Peter Paul Apartments for Rent

 

The cheapest available apartment rental in the Peter Paul area of Richmond, VA is a 2 Beds unit found at New Manchester Flats priced from $837. Kings Point Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $990. Here are the most affordable Peter Paul apartments for rent in Richmond, VA:

Apartment ListingModel NameBed/BathPriced From
New Manchester FlatsThe Maury2BR,2BA$837
Kings Point Apartments1BR/1BA1BR,1BA$990
Miller Lofts @ Plant Zero1 Bedroom 1 Bath1BR,1BA$999
Jefferson Townhouses1X11BR,1BA$1,000
Townsend SquareTownhomes starting at $1000.00- Now Accepting A...2BR,1BA$1,000
The MasonryOld Stone Row 1x1, Income Restricted1BR,1BA$1,020
Attain ShockoeElmwood1BR,1BA$1,038
Shockoe CommonsA21BR,1BA$1,043
City View Place2 Bedroom Unit2BR,1BA$1,056

Best Value Apartments for Rent in Peter Paul, VA

As of May 11, 2025 the best value apartment in the Peter Paul area is the $1.36 price per square foot 16 W Broad St Model at 16 W Broad St, Unit Apartment 1 in the in the Downtown Richmond neighborhood starting from $1,900. The second greatest value Peter Paul apartment is the Canal 236 1 Bed Model at Lofts and Upper Lofts at Canal Walk starting at $1,252 with a $0.96 price per square foot in the Downtown Richmond neighborhood. Here is today’s list of the best values for Peter Paul apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
16 W Broad St, Unit Apartment 116 W Broad St3BR,2BA$1.36
Lofts and Upper Lofts at Canal WalkCanal 236 1 Bed1BR,1BA$0.96
Townsend SquareTownhomes starting at $1000.00- Now Accepting A...2BR,1BA$0.87
The HudsonThe Everett2BR,1BA$1.29
Lofts and Upper Lofts at Canal Walk IIIOne Bedroom1BR,1BA$1.23
Hatcher Tobacco Flats3X23BR,2BA$1.23
1407 E Cary Street1 Beds, 1 Baths1BR,1BA$1.11
City View Place2 Bedroom Unit2BR,1.5BA$1.14
Mallard GreensTWO BEDROOMS JUST FOR YOU!! AVAILABLE NOW - WH...2BR,1BA$1.33
1527 Mechanicsville Tpke, Unit 31527 Mechanicsville Tpke1BR,1BA$1.17

Quick Rent Budget Calculator

How much rent can you afford?

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Pet Friendly Lifestyle
Peter Paul, Richmond, VA

Ranked #25

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Peter Paul, Richmond, VA

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving brings you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals in cities and towns across the United States including Peter Paul, Richmond, and the greater Richmond area. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including our Star Ratings to compare for convenient access to the outdoors, luxury amenities, kid and pet-friendly communities, availability of transit options, and other valuable search options. Find Lifestyle Search in the filter options (above). Happy Searching!

Getting Around the Peter Paul Neighborhood in Richmond, VA

Walk Score®

57 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

53 / 100

Bikeable

Some bike infrastructure

Transit Score®

38 / 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 Peter Paul Apartments

What is the Cheapest Studio apartment in Peter Paul?

Currently the most affordable Cheap Studio Apartment in Peter Paul is at The Edison Apartments listed at $1,084.

How much is rent for a Cheap One Bedroom Peter Paul Apartment?

The lowest price for a Cheap One Bedroom Peter Paul Apartment is $979 at New Manchester Flats.

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

Today's best deal for a Cheap Two Bedroom Apartment in Peter Paul is starting from $837 at New Manchester Flats.

What is the most affordable Peter Paul Three Bedroom Apartment?

The best deal on a cheap Peter Paul Three Bedroom Apartment rental is at Hatcher Tobacco Flats and starts from $1,270.

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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A Local Experts Guide To the Top Budget-Friendly Neighborhoods to Rent in Richmond, VA

Written by: Richard Corrigan

Richmond is rightly considered one of the best places to live on the East Coast. We love Richmond’s rich history, phenomenal culinary scene, unique art and culture, and its next-level parks and green spaces.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.