Cheapest Neighborhoods in Richmond, VA
Some of the cheapest neighborhoods in Richmond are Elkhardt, Worthington, and Blackwell. These neighborhoods offer some of the lowest rent prices in Richmond, making them ideal for renters on a budget. As of September 25, 2026, the average rent in Richmond is $1,438, which is 1% 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
$992/Month
Year-Over-Year Rent Change
0.9%
Units Available
22 Rentals
If you’re looking for a great, affordable neighborhood in Richmond, Elkhardt might be the perfect place! It has an average rent price of $992, while the city’s average stands at $1,438. In the last year, prices have increased by 0.9%. Elkhardt is near Haynes Plaza, Forest Hill Park, and Rockwood Park.
Worthington
Average Rent
$994/Month
Units Available
13 Rentals
Worthington is a top choice for budget-conscious renters for a variety of reasons. The average rent in Worthington is $994 while the city average is $1,438. Residents enjoy convenient access to Stonebridge Marketplace, Maymont House & Park, and Huguenot Park.
Blackwell
Average Rent
$1,078/Month
Year-Over-Year Rent Change
7.7%
Units Available
113 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.
Cedarhurst
Average Rent
$1,115/Month
Year-Over-Year Rent Change
9.1%
Units Available
10 Rentals
When you’re looking for a great Richmond neighborhood on a budget, check out Cedarhurst. The average rent is $1,115, compared to the city average of $1,438. Rent prices have decreased by 9.1%. Cedarhurst is convenient to Reynolds C.C., Downtown, VCU, and Virginia Union University.
Fairmount
Average Rent
$1,133/Month
Units Available
19 Rentals
Fairmount is an affordable neighborhood in Richmond with an average rent price of $1,133. Compare this to the city average of $1,438. In the past year, rent prices have increased by 0%. Fairmount provides easy access to Eastlawn Shopping Center, Chimborazo Park, and Richmond Canal.
Rosedale
Average Rent
$1,156/Month
Units Available
12 Rentals
If you’re looking for a great, affordable neighborhood in Richmond, Rosedale might be the perfect place! It has an average rent price of $1,156, while the city’s average stands at $1,438. Rosedale is near Science Museum of Virginia, Bryan Park and Nature Center, and Virginia Union University.
Mosby
Average Rent
$1,176/Month
Units Available
15 Rentals
Mosby is a top choice for budget-conscious renters for a variety of reasons. The average rent in Mosby is $1,176 while the city average is $1,438. Residents enjoy convenient access to University of Richmond, Virginia Union University, and Chimborazo Park.
Ginter Park
Average Rent
$1,217/Month
Year-Over-Year Rent Change
3.1%
Units Available
50 Rentals
When you’re looking for a great Richmond neighborhood on a budget, check out Ginter Park. The average rent is $1,217, compared to the city average of $1,438. Rent prices have decreased by 3.1%. Ginter Park is convenient to Science Museum of Virginia, Children's Museum of Richmond, and Richmond International.
Northrop
Average Rent
$1,284/Month
Year-Over-Year Rent Change
6.3%
Units Available
23 Rentals
Northrop is an affordable neighborhood in Richmond with an average rent price of $1,284. Compare this to the city average of $1,438. In the past year, rent prices have increased by 6.3%. Northrop provides easy access to Byrd Park, University of Richmond, and James River Parks.
Westover
Average Rent
$1,300/Month
Year-Over-Year Rent Change
2.7%
Units Available
21 Rentals
If you’re looking for a great, affordable neighborhood in Richmond, Westover might be the perfect place! It has an average rent price of $1,300, while the city’s average stands at $1,438. In the last year, prices have decreased by 2.7%. Westover is near Virginia Union University, VCU, and Monroe Park.
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.