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Apartments for Rent in Virginia under $500
27 Rentals Available

  • Today

    81 Terry Court, Collinsville, VA 24078
    2 Units available
    • 1 BED
    • 2 BEDS
    • Ask for pricing
    • $485
  • 1 day ago

    7301 River Road, Newport News, VA 23607
    1 Unit available
    • 1 BED
    • $500
  • 1 day ago

    315 Spring Dr, Collinsville, VA 24078
    2 Units available
    • 2 BEDS
    • $495
  • 1 day ago

    56 Prospect View Dr., Collinsville, VA 24078
    1 Unit available
    • 2 BEDS
    • $470
  • 1 day ago

    1377 Anderson Highway, Powhatan, VA 23139
    1 Unit available
    • Studio
    • $100
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  • 1 day ago

    900 Poplar Forest Rd, Farmville, VA 23901
    2 Units available
    • 1 BED
    • $440+
  • Today

    1001 Marion Manor Drive, Marion, VA 000000
    18 Units available
    • 2 BEDS
    • $500+

Virginia Demographics

  • Total Population8,454,704
  • Female 4,159,291
    Male 4,295,413
  • Median Age44

Average Rent in Virginia

  • Virginia Average Rental Price, November 2021 $1,699 /mo

Virginia Apartment Rent Ranges

Virginia Rent Trends

Average Rent Nov / 2018 Mar / 2019 Jul / 2019 Nov / 2019 Mar / 2020 Jul / 2020 Nov / 2020 Mar / 2021 Jul / 2021 Nov / 2021
Virginia $1,469 $1,472 $1,524 $1,521 $1,518 $1,519 $1,508 $1,502 $1,630 $1,699
National $1,340 $1,344 $1,376 $1,384 $1,387 $1,379 $1,383 $1,393 $1,476 $1,572

Virginia Households

  • Total Number of Households3,151,132
  • Family 2,092,006
    Non-family 1,059,126
  • Children 997,703
    No Children 2,153,429
  • Average People Per Household2.5
  • Median Household Income$58,750
  • Median Housing Costs Per Month$901

Virginia Education Statistics

Renting apartments in Virginia under $500

Searching for apartments for rent in Virginia under $500 is not an easy task, but luckily you have come to the right place. Whether you are a student on a budget, a young professional on the move, or simply a frugal person, RENTCafé can help you find what you are looking for. Just make sure you know what you consider non-negotiable and what you can compromise on. Your new home is just a few clicks away. In Virginia, where the average rent is $434 per month, there are 27 units available for less than $500. Click on any of these units to see pictures, floor plans, amenities and more. After you have picked your favorite, you can contact the property to check availability. Considering that you are trying to spend as little as possible, looking at 1 bedroom apartments and studio apartments might be a good idea.

We’ll help you find the cheapest rental near you

Finding a nice cheap apartment is by no means impossible. You just have to be patient. Your “apartments near me under $500” search can bear fruit sooner than you think if you look carefully and check our site often. You never know when discount deals and special offers might pop up. Keep in mind that you are not the only one looking for an affordable apartment in Virginia. Choose “Save Search” to receive the latest apartments available directly to your inbox. This way, you will be able to stay one step ahead of the competition. With the cheapest apartments in Virginia going for $100 per month, there are great deals waiting to be discovered. Feeling lucky? Expand your search to 2 bedroom apartments and 3 bedroom apartments as well for more space.

Finding a home nearby is easier than you think. Check out our Apartments Near Me page and take your pick!