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 2026, 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 1,284
-75%
Median Rent $401 / month
75% less expensive than Richmond
Population 874
-75%
Median Rent $402 / month
75% less expensive than Richmond
Population 1,730
-70%
Median Rent $481 / month
70% less expensive than Richmond
Population 2,426
-70%
Median Rent $483 / month
70% less expensive than Richmond
Population 2,881
-55%
Median Rent $716 / month
55% less expensive than Richmond
Population 3,530
-55%
Median Rent $718 / month
55% less expensive than Richmond
Population 723
-33%
Median Rent $1,070 / month
33% less expensive than Richmond
Population 840
-33%
Median Rent $1,078 / month
33% less expensive than Richmond
Population 760
-33%
Median Rent $1,083 / month
33% less expensive than Richmond
Population 536
-27%
Median Rent $1,177 / month
27% less expensive than Richmond
Is This the Right Place for You? Local Insights Report
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Local Insights Report