Recently re-habed, this award-winning affordable 295-unit property in South Richmond near the Veterans Administration Hospital offers one, two and three bedroom units from townhomes to garden style units. Village South Apartments have been recognized as the Affordable Community of the Year by Virginia Business and won the Outstanding Community Development award by CAHEC, a non-profit tax credit equity investor. It offers great apartment living at an affordable price in a superior location with a suburban feel.
To comfortably afford an apartment, we recommend having at least three times your monthy rent in gross household income.
View suggested annual incomes for Village South Townhomes by bedroom type below.
1 Bedroom
Suggested income:
$24,700
per year
2 Bedroom
Suggested income:
$27,500
per year
3 Bedroom
Suggested income:
$33,800
per year
Rent report
Village South Townhomes Rent vs. Richmond Average
Village South Townhomes
Richmond Average
1BR
$685
$1,516
$0
$500
$1,000
$1,500
$2,000
2BR
$765
$1,730
$0
$600
$1,200
$1,800
$2,400
3BR
$940
$2,188
$0
$750
$1,500
$2,250
$3,000
Village South Townhomes is asking 55%
less than the average 1 bedroom apartment in
Richmond.
If you upsized to an average priced Richmond 2 bedroom apartment, you would pay
12% more per month.
If you downsized to an average priced Richmond studio apartment,
you would pay 16% less per month.
Village South Townhomes provides 4%
less square footage than the average
Richmond 1 bedroom apartment.
Monthly Rent
Rent per Sq. Ft.
Suggested Monthly Income
Village South Townhomes
1BR
$685
$1.00
$2,055
2BR
$765
$0.90
$2,295
3BR
$940
$0.90
$2,820
Richmond Average
Studio
$1,311
$2.20
$3,934
1BR
$1,516
$2.20
$4,547
2BR
$1,730
$1.80
$5,191
3BR
$2,188
$1.60
$6,565
4BR
$2,543
$1.50
$7,630
Availability in Richmond
In order to find the best deal, you need to know what types of units are available. Property managers may be willing to
give concessions if they have many vacant units.
There are currently 1,181 1BR
units on the market in Richmond. If you're looking to negotiate, this may be your best option.