""
Please provide a location to search for

Apartments for Rent in Richmond, VA under $700 – 10 Rentals available

Filter
Sort
Save
Popular Searches

Richmond, VA Demographics

  • Total Population220,892
  • Female 104,853
    Male 116,039
  • Median Age33.5

Average Rent in Richmond, VA

  • Richmond, VA Average Rental Price, December 2019 $1,111 /mo

Richmond, VA Apartment Rent Ranges

  • $501-$7003%
  • $701-$1,00038%
  • $1,001-$1,50050%
  • $1,501-$2,0008%
  • > $2,0001%

Richmond, VA Rent Trends

Average Rent Nov / 2016 Mar / 2017 Jul / 2017 Nov / 2017 Mar / 2018 Jul / 2018 Nov / 2018 Mar / 2019 Jul / 2019 Nov / 2019 Dec / 2019
Richmond, VA $974 $975 $1,004 $1,016 $1,025 $1,065 $1,067 $1,083 $1,109 $1,118 $1,111
National $1,354 $1,350 $1,382 $1,385 $1,388 $1,423 $1,431 $1,434 $1,469 $1,473 $1,474
/

Average rent is projected to grow by 3% in 2019 compared to 2018.

Please note that projected rent growth is calculated at city level.

Check out the average rent prices in Richmond by neighborhood.

Richmond, VA Households

  • Total Number of Households89,238
  • Family 40,367
    Non-family 48,871
  • Children 19,932
    No Children 69,306
  • Average People Per Household2.35
  • Median Household Income$42,356
  • Median Housing Costs Per Month$1,007

Richmond, VA Education Statistics

  • No High School5%
  • Some High School34%
  • Some College21%
  • Associate Degree5%
  • Bachelor Degree22%
  • Graduate Degree13%

Apartments in Richmond, VA under $700

Balancing snug and cheap is no joke when it comes to renting a place to live. “Are there any apartments near me under $700?” is a great question to start from. Knowing your budget means you’re one step ahead and on the right track. We’ve taken care of the rest and found 9 apartments for rent in Richmond, VA on which you’ll spend less than $700. A small, cheap rental means you’ll have to budget your living space as well. The great news is that keeping it simple pays off in more than one way. The cost of utilities is likely to run low, and you get the added benefit of not having to spend too much time cleaning up the whole place. Smaller apartments are more likely to be closer to the city center, so there are potential cuts to your transportation costs too. And here’s one more very special secret to add to your book-of-perks: you’re less likely to overshop when you know your space is limited.

Rentals near you under $700

Our goal is to help you find cheap apartments that live up to your dreams without crushing your budget. It may be a long shot to go looking for 3 bedroom apartments or even 2 bedroom for less than $700. The average rental size in Richmond, VA is 852 Sqft, but the $700 limit will probably narrow your search to places with a smaller square footage. Go through our listings and be on the look-out for a hassle-free studio or a 1 bedroom apartment. We trust you’ll turn it into a cozy home which is also budget-friendly to the core.

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