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Cheap Apartments for Rent in Richmond, VA - 95 Rentals available

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Renting a Cheap Apartment in Richmond

Richmond is the capital city of Virginia and located on the beautiful James River. The history of Richmond dates back to the early days of the American colonies. The city’s River District is an especially popular place to enjoy restaurants, night life, and to find apartments for rent in Richmond. Richmond’s economy is driven by finance, law, advertising and biotech. The city has a strong art and museum culture, and there is an active underground music scene. Locals enjoy parks along the James River with trails for mountain biking, hiking and running and there are also beautiful recreation spots on islands in the river, Belle Isle and Brown’s Island, which are accessible by footbridge. Search a wide variety of apartments in Richmond, VA on RENTCafe, including 1, 2, and 3 bedroom apartments.

Richmond, VA Demographics

  • Total Population223,787
  • Female 106,222
    Male 117,565
  • Median Age33.8

Average Rent in Richmond, VA

  • Richmond, VA Average Rental Price, February 2020 $1,110 /mo

Richmond, VA Apartment Rent Ranges

  • $501-$7002%
  • $701-$1,00039%
  • $1,001-$1,50050%
  • $1,501-$2,0007%
  • > $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 Feb / 2020
Richmond, VA $974 $975 $1,004 $1,016 $1,025 $1,065 $1,067 $1,083 $1,109 $1,118 $1,110
National $1,340 $1,337 $1,368 $1,371 $1,374 $1,408 $1,417 $1,422 $1,458 $1,466 $1,468
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Check out the average rent prices in Richmond by neighborhood.

Richmond, VA Households

  • Total Number of Households89,846
  • Family 40,339
    Non-family 49,507
  • Children 19,205
    No Children 70,641
  • Average People Per Household2.37
  • Median Household Income$45,117
  • Median Housing Costs Per Month$1,055

Richmond, VA Education Statistics

  • No High School5%
  • Some High School33%
  • Some College21%
  • Associate Degree5%
  • Bachelor Degree22%
  • Graduate Degree14%

Looking for a cheap apartment for rent in Richmond, VA? With RENTCafé, finding an affordable apartment in Richmond, VA has never been easier. We feature 98 low-priced rentals directly from property managers, with rents lower than the Richmond, VA average. What is a cheap rent in Richmond, VA? The average apartment rent in Richmond is $1,110 per month so any rental south of $888 would be considered cheap here. On RENTCafé, Richmond, VA rents go as low as $543/mo.

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