Quantum simulation is a prominent application of quantum computers. While there is extensive previous work on simulating finite-dimensional systems, less is known about quantum algorithms for real-space dynamics. We conduct a systematic study of such algorithms. In particular, we show that the dynamics of a d-dimensional Schrödinger equation with η particles can be simulated with gate complexity 1 O ηdF poly(log(g ′ /ǫ)) , where ǫ is the discretization error, g ′ controls the higher-order derivatives of the wave function, and F measures the time-integrated strength of the potential. Compared to the best previous results, this exponentially improves the dependence on ǫ and g ′ from poly(g ′ /ǫ) to poly(log(g ′ /ǫ)) and polynomially improves the dependence on T and d, while maintaining best known performance with respect to η. For the case of Coulomb interactions, we give an algorithm using η 3 (d + η)T poly(log(ηdT g ′ /(∆ǫ)))/∆ one-and two-qubit gates, and another using η 3 (4d) d/2 T poly(log(ηdT g ′ /(∆ǫ)))/∆ one-and twoqubit gates and QRAM operations, where T is the evolution time and the parameter ∆ regulates the unbounded Coulomb interaction. We give applications to several computational problems, including faster real-space simulation of quantum chemistry, rigorous analysis of discretization error for simulation of a uniform electron gas, and a quadratic improvement to a quantum algorithm for escaping saddle points in nonconvex optimization.1 The Õ notation omits poly-logarithmic terms. Specifically, Õ(g) = O(g poly(log g)).