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Cheapest Neighborhoods In Richmond, VA For Renters

If you’re searching for a new place to live in Richmond, rent prices are probably one of the most important factors in your decision. Apartment rental prices in Richmond neighborhoods have continued to increase over the years. Luckily, even in 2025, there are some Richmond neighborhoods that do offer budget friendly, affordable rental rates. The list of the cheapest neighborhoods in Richmond for renters is sorted by lowest median rental rates compared to the Richmond average.

Population 1,249
-75%
Median Rent $269 / month
75% less expensive than Richmond
Population 856
-75%
Median Rent $269 / month
75% less expensive than Richmond
Population 1,665
-70%
Median Rent $317 / month
70% less expensive than Richmond
Population 2,348
-70%
Median Rent $323 / month
70% less expensive than Richmond
Population 2,820
-56%
Median Rent $469 / month
56% less expensive than Richmond
Population 3,400
-55%
Median Rent $477 / month
55% less expensive than Richmond
Population 743
-34%
Median Rent $710 / month
34% less expensive than Richmond
Population 700
-34%
Median Rent $710 / month
34% less expensive than Richmond
Population 815
-33%
Median Rent $712 / month
33% less expensive than Richmond
Population 4,013
-27%
Median Rent $777 / month
27% less expensive than Richmond