Cheapest Neighborhoods in Richmond, VA
Some of the cheapest neighborhoods in Richmond are Elkhardt, Blackwell, and Worthington. These neighborhoods offer some of the lowest rent prices in Richmond, making them ideal for renters on a budget. As of June 26, 2026, the average rent in Richmond is $1,440, which is 0.7% higher than last year. However, it's important to remember that rental prices can vary significantly based on factors such as location, amenities, and floor plans.
Elkhardt
Average Rent
$1,071/Month
Year-Over-Year Rent Change
3.8%
Units Available
29 Rentals
Elkhardt is a top choice for budget-conscious renters for a variety of reasons. The average rent in Elkhardt is $1,071 while the city average is $1,440. This is a 3.8% difference from last year. Residents enjoy convenient access to Richmond International, Reynolds C.C., Downtown, and Rockwood Park.
Blackwell
Average Rent
$1,073/Month
Year-Over-Year Rent Change
10.3%
Units Available
96 Rentals
Blackwell is a historic suburb of Richmond, perfect for budget-conscious renters. The area's tree-lined streets, easy access to I-95, and a slew of museums make it a top choice for residents.
Worthington
Average Rent
$1,109/Month
Units Available
20 Rentals
When you’re looking for a great Richmond neighborhood on a budget, check out Worthington. The average rent is $1,109, compared to the city average of $1,440. Worthington is convenient to Haynes Plaza, Richmond International, and Maymont House & Park.
Fairmount
Average Rent
$1,113/Month
Year-Over-Year Rent Change
2.2%
Units Available
16 Rentals
Fairmount is an affordable neighborhood in Richmond with an average rent price of $1,113. Compare this to the city average of $1,440. In the past year, rent prices have increased by 2.2%. Fairmount provides easy access to Richmond Canal, Reynolds C.C., Parham Road, and Virginia Union University.
Cedarhurst
Average Rent
$1,169/Month
Year-Over-Year Rent Change
11.4%
Units Available
10 Rentals
If you’re looking for a great, affordable neighborhood in Richmond, Cedarhurst might be the perfect place! It has an average rent price of $1,169, while the city’s average stands at $1,440. In the last year, prices have decreased by 11.4%. Cedarhurst is near 6401-6409 Jahnke Rd, Children's Museum of Richmond, and Virginia Union University.
Rosedale
Average Rent
$1,197/Month
Units Available
12 Rentals
Rosedale is a top choice for budget-conscious renters for a variety of reasons. The average rent in Rosedale is $1,197 while the city average is $1,440. Residents enjoy convenient access to Reynolds C.C., Parham Road, Children's Museum of Richmond, and Boulevard Square.
Brookbury
Average Rent
$1,208/Month
Units Available
11 Rentals
When you’re looking for a great Richmond neighborhood on a budget, check out Brookbury. The average rent is $1,208, compared to the city average of $1,440. Brookbury is convenient to New Hopkins Center, 4717-4727 Walmsley Blvd, and Richmond International.
Piney Knolls
Average Rent
$1,223/Month
Units Available
14 Rentals
Piney Knolls is an affordable neighborhood in Richmond with an average rent price of $1,223. Compare this to the city average of $1,440. Piney Knolls provides easy access to Bensley Park, Richmond International, and VCU.
British Camp Farms
Average Rent
$1,227/Month
Units Available
11 Rentals
If you’re looking for a great, affordable neighborhood in Richmond, British Camp Farms might be the perfect place! It has an average rent price of $1,227, while the city’s average stands at $1,440. British Camp Farms is near Falling Creek Commons, Virginia Union University, and VCU.
Oak Grove
Average Rent
$1,277/Month
Units Available
21 Rentals
Oak Grove is a top choice for budget-conscious renters for a variety of reasons. The average rent in Oak Grove is $1,277 while the city average is $1,440. Residents enjoy convenient access to University of Richmond, Forest Hill Park, and Market At Jefferson Trace.
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Methodology
Transit Score measures access to public transit. Scores range from 0 (minimal transit) to 100 (rider’s paradise). Learn more about the Transit Score methodology. Rental data is sourced from CoStar Group’s Market Trend reports. As a leading authority in commercial real estate information, analytics, and news, CoStar performs in-depth research to build and sustain an extensive database of commercial real estate insights.
We've combined this data with public records to provide the most current rental information available.