Looking for a cheap apartment for rent in Henrico, VA? With RENTCafé, finding an affordable apartment in Henrico, VA has never been easier. We feature 77 low-priced rentals directly from property managers, with rents lower than the Henrico, VA average. What is a cheap rent in Henrico, VA? The average apartment rent in Henrico is $1,045 per month so any rental south of $836 would be considered cheap here. Size matters though, so if you are in a market for a studio, expect to pay around $532 per month. If you’re looking to upgrade to a 1-bedroom apartment you’ll pay around $645, while a cheap 2-bedroom apartment will cost you about $738 per month. On RENTCafé, Henrico, VA rents go as low as $715/mo.