Cheapest Neighborhoods in Richmond, VA
Some of the cheapest neighborhoods in Richmond are McGuire, Chimney Corner, and Elkhardt. These neighborhoods offer some of the lowest rent prices in Richmond, making them ideal for renters on a budget. As of August 10, 2026, the average rent in Richmond is $1,442, which is 1.3% 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.
McGuire
Average Rent
$907/Month
Year-Over-Year Rent Change
1.7%
Units Available
11 Rentals
If you’re looking for a great, affordable neighborhood in Richmond, McGuire might be the perfect place! It has an average rent price of $907, while the city’s average stands at $1,442. In the last year, prices have increased by 1.7%. McGuire is near Forest Hill Park, Reynolds C.C., Downtown, and 1806 Broad Rock Blvd.
Chimney Corner
Average Rent
$962/Month
Units Available
17 Rentals
Chimney Corner is a top choice for budget-conscious renters for a variety of reasons. The average rent in Chimney Corner is $962 while the city average is $1,442. Residents enjoy convenient access to Harry G. Daniel Park at Iron Bridge, VCU, and 9621-9649 Jefferson Davis Hwy.
Elkhardt
Average Rent
$1,030/Month
Year-Over-Year Rent Change
3.4%
Units Available
29 Rentals
When you’re looking for a great Richmond neighborhood on a budget, check out Elkhardt. The average rent is $1,030, compared to the city average of $1,442. Rent prices have increased by 3.4%. Elkhardt is convenient to Rockwood Park, Forest Hill Park, and Haynes Plaza.
Worthington
Average Rent
$1,049/Month
Units Available
20 Rentals
Worthington is an affordable neighborhood in Richmond with an average rent price of $1,049. Compare this to the city average of $1,442. Worthington provides easy access to Haynes Plaza, 6520-6530 Midlothian Tpke, and Richmond International.
Blackwell
Average Rent
$1,053/Month
Year-Over-Year Rent Change
10.1%
Units Available
91 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.
Fairmount
Average Rent
$1,147/Month
Units Available
14 Rentals
If you’re looking for a great, affordable neighborhood in Richmond, Fairmount might be the perfect place! It has an average rent price of $1,147, while the city’s average stands at $1,442. In the last year, prices have increased by 0%. Fairmount is near Richmond Canal, Chimborazo Park, and Monroe Park.
Rosedale
Average Rent
$1,156/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 $1,156 while the city average is $1,442. Residents enjoy convenient access to Richmond International, Monroe Park, and Scott's Walk.
Ginter Park
Average Rent
$1,201/Month
Year-Over-Year Rent Change
0.2%
Units Available
39 Rentals
When you’re looking for a great Richmond neighborhood on a budget, check out Ginter Park. The average rent is $1,201, compared to the city average of $1,442. Rent prices have increased by 0.2%. Ginter Park is convenient to Three Lakes Park & Nature Center, 4013-4025 Macarthur Ave, and Virginia Union University.
Brookbury
Average Rent
$1,208/Month
Units Available
10 Rentals
Brookbury is an affordable neighborhood in Richmond with an average rent price of $1,208. Compare this to the city average of $1,442. Brookbury provides easy access to Virginia Union University, 3332-3338 Broad Rock Blvd, and VCU.
Piney Knolls
Average Rent
$1,236/Month
Units Available
15 Rentals
If you’re looking for a great, affordable neighborhood in Richmond, Piney Knolls might be the perfect place! It has an average rent price of $1,236, while the city’s average stands at $1,442. Piney Knolls is near Bensley Park, Reynolds C.C., Downtown, and 3332-3338 Broad Rock Blvd.
Ready to make your move to Richmond? Check out the rent specials, price drops, and great deals on ApartmentFinder.com!
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.