Low Income Apartments and Affordable Housing For Rent in Richmond, VA

Discover affordable housing in Richmond where there are 403+ housing opportunities based on income and household needs like accessible units for seniors or persons with disabilities. Find and apply to these low income apartments now.

Highland Park Senior Apartments

1221 E Brookland Park Blvd, Richmond, Virginia 23222

bed 1
switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
accessibility Accessible

The Townes at River South I & II

214 E 9th Street, Richmond, Virginia 23224

bed 2-4
switch_access_shortcut Short Wait
payment Subsidized
accessibility Accessible

The Park at Ridgedale

5001 Ridgedale Parkway #107, Richmond, Virginia 23234

bed 1-2
payment $1266/mo.
switch_access_shortcut Short Wait
payment Subsidized
real_estate_agent Accepts Vouchers
payment Income Based
accessibility Accessible

Darby House

1400 Shirleydale Ave, Richmond, Virginia 23231

bed 1-2
payment $695-815/mo.
switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
payment Income Based
accessibility Accessible

William Byrd Senior Apartments

2501 W Broad St, Richmond, Virginia 23220

bed 1
switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers
payment Income Based
accessibility Accessible

Randolph Village

704A S Harrison St , Richmond, Virginia 23220

bed 2-3
switch_access_shortcut Short Wait
payment Subsidized
accessibility Accessible

Charnwood Forest

4325 Crutchfield St , Richmond, Virginia 23225

bed 1-2
switch_access_shortcut Short Wait
payment Subsidized
accessibility Accessible

Blue Ridge Estates

6507 Sugar Maple Dr, Richmond, Virginia 23225

bed 1-4
payment Subsidized
accessibility Accessible

Henrico Arms Apartments

1664 Henrico Arms Place, Richmond, Virginia 23231

bed 1-3
payment Subsidized
accessibility Accessible

Hollybrook Apartments

7700 Brook Rd, Richmond, Virginia 23227

bed 1-2
payment Subsidized

Foxwood Apartments

5000 Snead Rd, Richmond, Virginia 23224

bed 1-3
switch_access_shortcut Short Wait
payment Subsidized
accessibility Accessible

Saints Cosma and Damianos House

1020 German School Rd , Richmond, Virginia 23225

bed 1-2
switch_access_shortcut Short Wait
elderly Senior

Forestbrooke Apartments

5600 Charlevoix Cr , Richmond, Virginia 23224

bed 1-3

The Renaissance

1021 German School Rd , Richmond, Virginia 23225

bed 1-2
switch_access_shortcut Short Wait
payment Subsidized
accessibility Accessible

Country Place

111 Starbuck Ct , Richmond, Virginia 23223

bed 2-4
switch_access_shortcut Short Wait
payment Subsidized
accessibility Accessible

The Goodwyn at Union Hill

2230 Venable St, Richmond, Virginia 23223

bed 1-3
switch_access_shortcut Short Wait
accessibility Accessible

Glenwood Ridge

3801 Glenwood Ave, Richmond, Virginia 23223

bed 1-3
switch_access_shortcut Short Wait
real_estate_agent Accepts Vouchers

Audubon Village Apartments

4901 Wood Thrush Circle, Richmond, Virginia 23231

bed 2-3
payment $1402/mo.
switch_access_shortcut Short Wait
accessibility Accessible

Port City Apartments

800 Richmond Highway, Richmond, Virginia 23224

bed 1-3
switch_access_shortcut Short Wait
accessibility Accessible

Apartments at Kingsridge

390 Kingsridge Rd, Richmond, Virginia 23223

switch_access_shortcut Short Wait
accessibility Accessible

How To Identify Affordable Housing in Richmond, Virginia

Look for program and preference badges on affordable apartment listings. These badges can help you identify the types of low income housing each apartment offers and if you may be eligbile for rental assistance or reduced rents.

Badge Description
switch_access_shortcut Short Wait
Low income apartments with no or short waiting lists.
payment Subsidized
Low income housing where the rent is subsidized and the renter pays only a portion of total rent.
real_estate_agent Accepts Vouchers
Apartments that accept Section 8 vouchers near you
elderly Senior
Rental housing for seniors who are 55 (or sometimes 62) and older.
payment Income Based
Affordable apartments where the rent paid is based on renter income.
accessibility Accessible
Meets Accessibilty Requirements of the Fair Housing Act, the ADA, or HUD policy.
accessible_forward Disability
Apartments for individuals or families with disabilities.
real_estate_agent Naturally Affordable
Naturally Occuring Affordable Housing - or NOAH - is any housing unit that offers affordable rent without participating in a rent subsidy program.
The Hourly Wage Needed to Afford A Safe, Modest 2 Bed Apartment In Richmond, Virginia
$29.02/hour
$17.02 (+142%) more than Virginia minimum wage and $21.77 (+300%) more than the Federal minimum wage.
Learn More About Richmond, Virginia Affordable Housing ↓

What HUD offices serve Richmond, Virginia?

Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.

Operates the Section 8 Housing Choice Voucher (HCV), Public Housing, Family Self-Sufficiency, Veteran Affairs Supportive Housing (VASH) programs for Richmond, Virginia.
Operates the Section 8 Housing Choice Voucher (HCV) programs for Richmond, Virginia.

Go to the Virginia Public Housing and Low-Income Apartments Waiting Lists page for openings near Richmond.

How many renters live in Richmond, Virginia?

The City of Richmond has people living in households.

There are renters living in renter households in this City. Renters make up 51.24 percent of the population living in Richmond.

What is the rental market like in Richmond, Virginia?

There are an estimated housing units in the Richmond area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Richmond, Virginia, there are 1.04 rental units.

What is the vacancy rate for rentals in Richmond?

The rental vacancy rate in Richmond is 3 percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.

How many rental units are in Richmond for each bedroom size?

Occupied Rental Units by Size in Richmond
Studio One-Bedroom Two-Bedroom Three-Bedroom Four+ Bedrooms
3,988 20,628 24,466 8,169 2,746
Occupied Rental Units by Size in Richmond

A large number of apartments in Richmond have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.

How Much Is Rent in Richmond

Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $1,328 to $2,393. FMRs are updated annually by HUD for every city and county nationwide.

Bed Size 2024 Fair Market Rents
Studio $1,328
One BR $1,365
Two BR $1,532
Three BR $1,959
Four BR $2,393
2024 Fair Market Rents in Richmond, Virginia

How many units are rented at Fair Market Rent (FMR) in Richmond?

Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.

These are the approximate number of units renting below the FMR in this market:

Unit Size Count of Units Below FMR Percentage of Total Units Below FMR
Studio 3,144 79 percent
One BR 14,849 72 percent
Two BR 15,770 64 percent
Rental Units Below FMR in Richmond, Virginia

How many affordable rental units are in Richmond?

There are a variety of federal affordable housing programs serving households in Richmond, Virginia including the following:

Federal Program Unit Count
Low Income Housing Tax Credit
Public Housing
Section 8 Project-Based Rental Assistance
Section 202 Supportive Housing for the Elderly
Section 811 Supportive Housing for Persons with Disabilities
Tracked Units by Federal Program in Richmond, Virginia

Rental units may be funded in part by multiple federal programs.

Income Based Apartments in Richmond, Virginia

Richmond features 9,143 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.

Low Rent Apartments in Richmond, Virginia

There are 8,945 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Richmond.

Housing Choice Vouchers in Richmond, Virginia

On average, Section 8 Housing Choice vouchers pay Richmond landlords $700 per month towards rent. The average voucher holder contributes $400 towards rent in Richmond.

The maximum amount a voucher would pay on behalf of a low-income tenant in Richmond, Virginia for a two-bedroom apartment is between $1,379 and $1,685.

Sourced from federal housing data and AffordableHousingOnline.com research.