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Apartments for Rent in Virginia under $500

94 Rentals Available
Apartments for Rent in Virginia under $500. 94 Rentals Available
  • a kitchen with stainless steel appliances and wooden cabinets
    Today

    610 Green St., Portsmouth, VA 23704
    STUDIO Ask for Pricing
  • 1010 Newton St 2 Beds Apartment for Rent
    Today

    1010 Newton St, Bristol, VA 24201
    2 BEDS $500+
  • the open door community open house logo
    Today

    171 Market St, Marion, VA 24354
    STUDIO $110
  • a gray house with a fence in front of a street
    Today

    MSS 104 N. Randolph Street, Lexington, VA 24450
    2 BEDS $170+
  • a living room with two couches and a television
    Today

    622 Effingham Street, Portsmouth, VA 23704
    2 BEDS $350+
    3 BEDS $365+
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  • a kitchen with a stove and sink and a white door
    Today

    Callahan, Radford, VA 24141
    Income Restricted
    2 BEDS $350+
  • a field of grass next to a brick building
    Today

    808 Greenfield Drive #29, Lynchburg, VA 24501
    1 BED $460+
    2 BEDS $460+
  • a building with a car parked in front of it
    Today

    Wintergreen Commons Apartments, Rich Creek, VA 24147
    Income Restricted
    1 BED $500
8-0-state
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Getting around in Virginia, VA

6 /100
Somewhat Bikeable
Bike Score®: 6

Frequently asked questions

When were prices and availability in Virginia last updated?

Prices and availability in Virginia were last updated on 21 Feb 2026.

What are the best apartments in Virginia?

The best apartments in Virginia are: Abberly Twin Hickory Apartment Homes, Abberly Waterstone Apartment Homes, Abberly CenterPointe Apartment Homes, Abberly Avera Apartment Homes and Abberly at Southpoint Apartment Homes.

What type of rental buildings are in Virginia?

In Virginia, 33% of the residents are renting compared to 67% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent 17% of Virginia's rentals, 54% are small-scale complexes with under 50 units, and 25% are single-family rentals.

Your search for apartments in Virginia under $500 stops here

Finding apartments for rent in Virginia for less than $500 has never been so easy! At RentCafe nice cheap apartments are just one click away. There are currently 94 available units in Virginia, renting for under $500. On average, $489 can get you 694 Sqft in this area. Be sure to search for the apartment that is best for you. Under “More”, check the amenities that you consider a must-have, and don’t forget to look at the pet policy. Fitness enthusiasts can even check the Fitness Center box. Whether you are looking for studio apartments, 1 bedroom apartments, 2 bedroom apartments or 3 bedroom apartments, you are sure to find one that will make you want to move in right away.

We’ll help you find the best rental near you

Having to compromise on either price or location can turn your “apartments near me under $500” search into a nightmare. At RentCafe we recognize the importance of both. Therefore, we offer a variety of filters that can help you find exactly what you want. Sorting the results by rent, ascending, will make the cheapest units show up first on the list. Try it out! You will find that right now the cheapest apartment under $500 in Virginia goes for $110 per month. If some of the results are outside the area of your choice, you can go to the left side of the screen and draw a radius or a polygon around your location. Now you will only see results that are relevant to you.

Finding a home nearby is easier than you think. Check out our Apartments Near Me page and take your pick!