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$799 - $1,699
Total Monthly Price
Base Rent$799 - $1,699
Total Monthly Price$799 - $1,699
Bloom Apartments II
3207 Chamberlayne AveRichmond, VA 23227
Cheap Apartments for Rent in the Downtown Richmond Neighborhood of Richmond, VA from $395 (265 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Richmond area of Richmond.
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$959 - $1,499
Total Monthly Price
Base Rent$959 - $1,499
Total Monthly Price$959 - $1,499
Raven Place
1710 E Broad StRichmond, VA 23223
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$995 - $1,795
Total Monthly Price
Base Rent$995 - $1,795
Total Monthly Price$995 - $1,795
The Hill Building
114 Virginia StRichmond, VA 23219
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$995 - $2,195
Total Monthly Price
Base Rent$995 - $2,195
Total Monthly Price$995 - $2,195
T and E Apartments
1011 W Marshall StRichmond, VA 23220
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Rent Specials
$995 - $1,695
Total Monthly Price
Base Rent$995 - $1,695
Total Monthly Price$995 - $1,695
311 W. Franklin
311 W Franklin StRichmond, VA 23220
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Rent Specials
$995 - $2,045
Total Monthly Price
Base Rent$995 - $2,045
Total Monthly Price$995 - $2,045
The Edison
700 E Franklin StRichmond, VA 23219
311 W Franklin St
RichmondVA23220
1019 W Leigh St
RichmondVA23220
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$998 - $1,489
Total Monthly Price
Base Rent$998 - $1,489
Total Monthly Price$998 - $1,489
Van de Vyver
713 N 1st StRichmond, VA 23219
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$1,031 - $2,019
Total Monthly Price
Base Rent$1,031 - $2,019
Total Monthly Price$1,031 - $2,019
Kensington, Patterson Place and Grove Ave
3502 Kensington AveRichmond, VA 23221
The Richmond Renter's Guide to Living Near Work
Get the inside scoop on Richmond's most livable neighborhoods and find the perfect apartment close to where you work. Our local expert breaks it all down by the city's top employers like VCU Health and Costar.
3310 Barton Ave
RichmondVA23222
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Rent Specials
$1,075 - $1,750
Total Monthly Price
Base Rent$1,075 - $1,750
Total Monthly Price$1,075 - $1,750
Eagle Mill Lofts
1418 W Marshall StRichmond, VA 23220
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$1,081 - $2,700
Total Monthly Price
Base Rent$1,081 - $2,700
Total Monthly Price$1,081 - $2,700
The Berkshire
300 W Franklin StRichmond, VA 23220
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$1,095 - $1,195
Total Monthly Price
Base Rent$1,095 - $1,195
Total Monthly Price$1,095 - $1,195
Smokehouse Lofts
110-114 S 15th StRichmond, VA 23219
14 S Plum St
RichmondVA23220
110 N Harrison St
RichmondVA23220
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$1,100 - $1,700
Total Monthly Price
Base Rent$1,100 - $1,700
Total Monthly PriceVaries
209 E Main St
209 E Main StRichmond, VA 23219
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$1,100 - $1,450
Total Monthly Price
Base Rent$1,100 - $1,450
Total Monthly Price$1,100 - $1,450
210 E Grace St
206-212 E Grace StRichmond, VA 23219
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$1,115 - $2,139
Total Monthly Price
Base Rent$970 - $1,994
Required Monthly Fees$145
Total Monthly Price$1,115 - $2,139
Towers on Franklin
104 W Franklin StRichmond, VA 23220
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$1,130 - $1,180
Total Monthly Price
Base Rent$1,130 - $1,180
Total Monthly Price$1,130 - $1,180
2400 Barton Ave
2400 Barton AveRichmond, VA 23222
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
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$1,135 - $1,562
Total Monthly Price
Base Rent$1,135 - $1,562
Total Monthly Price$1,135 - $1,562
The Foundry Apartments
946 Sledd StRichmond, VA 23220
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$1,172 - $2,609
Total Monthly Price
Base Rent$1,172 - $2,609
Total Monthly Price$1,172 - $2,609
Residences at the John Marshall
101 N 5th StRichmond, VA 23219
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$1,175 - $2,965
Total Monthly Price
Base Rent$1,175 - $2,965
Total Monthly Price$1,175 - $2,965
Spectrum Apartments
2017 Brook RdRichmond, VA 23220
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$1,179 - $2,044
Total Monthly Price
Base Rent$1,179 - $2,044
Total Monthly Price$1,179 - $2,044
The Biggs Building
900 W Marshall StRichmond, VA 23220
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Rent Specials
$1,190 - $1,729
Total Monthly Price
Base Rent$1,190 - $1,729
Total Monthly Price$1,190 - $1,729
1 West Cary Apartments
1 W CaryRichmond, VA 23220
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$1,195 - $1,450
Total Monthly Price
Base Rent$1,195 - $1,450
Total Monthly Price$1,195 - $1,450
1510 W. Broad Street
1510 W Broad StRichmond, VA 23220
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$1,196
Total Monthly Price
Base Rent$1,196
Total Monthly Price$1,196
The Concord Northside
710 W Fells StRichmond, VA 23222
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Rent Specials
$1,199 - $1,300
Total Monthly Price
Base Rent$1,199 - $1,300
Total Monthly Price$1,199 - $1,300
The Corner Lofts
1321 -1/2 E Main StRichmond, VA 23219
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Rent Specials
$1,199 - $2,650
Total Monthly Price
Base Rent$1,199 - $2,650
Total Monthly Price$1,199 - $2,650
Cookie Factory Lofts
900 Terminal PlRichmond, VA 23220
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$1,237 - $2,242
Total Monthly Price
Base Rent$1,237 - $2,242
Total Monthly Price$1,237 - $2,242
District Square Apartments
111-117 W Marshall StRichmond, VA 23220
Explore The River City Like a Local: The Insider's Guide to Renting in Richmond, VA
Thinking of moving to Richmond, VA? Learn why "The River City" is a perfect blend of big-city amenities and small-town charm, offering a low cost of living, minimal traffic, and a rich cultural scene.
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$1,239 - $2,412
Total Monthly Price
Base Rent$1,239 - $2,412
Total Monthly Price$1,239 - $2,412
Todd Lofts
1128 Hermitage RdRichmond, VA 23220
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Rent Specials
$1,242 - $1,900
Total Monthly Price
Base Rent$1,137 - $1,795
Required Monthly FeesVaries
Total Monthly PriceVaries
Iron House Apartments
1309 W Broad StRichmond, VA 23220
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$1,248 - $3,463
Total Monthly Price
Base Rent$1,248 - $3,463
Total Monthly Price$1,248 - $3,463
Lofts and Upper Lofts at Canal Walk III
10 S 20th StRichmond, VA 23223
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$1,250 - $1,260
Total Monthly Price
Base Rent$1,250 - $1,260
Total Monthly Price$1,250 - $1,260
Grace & Monroe Apartments
401 W Grace StRichmond, VA 23220
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$1,250 - $1,599
Total Monthly Price
Base Rent$1,250 - $1,599
Total Monthly Price$1,250 - $1,599
Marshall Street Apartments
220 E Marshall StRichmond, VA 23219
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Rent Specials
$1,250 - $2,200
Total Monthly Price
Base Rent$1,250 - $2,200
Total Monthly Price$1,250 - $2,200
Southern Stove Lofts
1215 Hermitage RdRichmond, VA 23220
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$1,264 - $3,199
Total Monthly Price
Base Rent$1,264 - $3,199
Total Monthly Price$1,264 - $3,199
Sphere
2005 Brook RdRichmond, VA 23220
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$1,268
Total Monthly Price
Base Rent$1,268
Total Monthly Price$1,268
Monroe Park Towers Apartments
520 W Franklin StRichmond, VA 23220
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Rent Specials
$1,277 - $3,079
Total Monthly Price
Base Rent$1,277 - $3,079
Total Monthly Price$1,277 - $3,079
The Penny at Jackson Ward
2 W Marshall StRichmond, VA 23220
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$1,287 - $2,350
Total Monthly Price
Base Rent$1,287 - $2,350
Total Monthly Price$1,287 - $2,350
Capitol Lofts
1001 E Main StRichmond, VA 23219
Richmond’s Best Affordable Neighborhoods
Learn about Richmond and the best affordable places to live by our Local Expert Richard Corrigan
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$1,295 - $2,100
Total Monthly Price
Base Rent$1,295 - $2,100
Total Monthly Price$1,295 - $2,100
Park Northside Apartments
1603 Roane StRichmond, VA 23222
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$1,295
Total Monthly Price
Base Rent$1,295
Total Monthly Price$1,295
2509 Seminary Ave, Unit # B
2509 Seminary AveRichmond, VA 23220
410 Dobson St
RichmondVA23220
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$1,299
Total Monthly Price
Base Rent$1,299
Total Monthly Price$1,299
Atrium on Broad Apartments
115 E Broad StRichmond, VA 23219
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Rent Specials
$1,299 - $1,496
Total Monthly Price
Base Rent$1,299 - $1,496
Total Monthly Price$1,299 - $1,496
Centennial Terrace
507 E Main StRichmond, VA 23219
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$1,299 - $1,999
Total Monthly Price
Base Rent$1,299 - $1,999
Total Monthly Price$1,299 - $1,999
Coliseum Lofts
1335-1387 W Broad StRichmond, VA 23220
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$1,299 - $2,549
Total Monthly Price
Base Rent$1,149 - $2,399
Required Monthly Fees$150
Total Monthly Price$1,299 - $2,549
Shockoe Collection
104 Shockoe SlipRichmond, VA 23219
1005 W Franklin St
RichmondVA23220
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$1,310 - $3,203
Total Monthly Price
Base Rent$1,310 - $3,203
Total Monthly Price$1,310 - $3,203
The Watkins at Shockoe
117 S 14th StRichmond, VA 23219
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Rent Specials
$1,312 - $2,171
Total Monthly Price
Base Rent$1,306 - $2,165
Required Monthly FeesVaries
Total Monthly PriceVaries
Residences at Richmond Trust
629 E Main StRichmond, VA 23219
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
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Downtown Richmond, Richmond, VA Local Guide
How much does it cost to rent an apartment in Downtown Richmond?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Richmond Studio Apartments | $1,530 | $849 | $2,741 |
| Downtown Richmond 1 Bedroom Apartments | $1,805 | $799 | $8,677 |
| Downtown Richmond 2 Bedroom Apartments | $2,356 | $945 | $10,000+ |
| Downtown Richmond 3 Bedroom Apartments | $2,463 | $825 | $4,554 |
| Downtown Richmond 4 Bedroom Apartments | $1,155 | $690 | $1,265 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Apartments in this Neighborhood
There are currently 265 rentals with your search options within a 1 mile radius of the Downtown Richmond Neighborhood of Richmond, VA.
See all Apartments in RichmondExplore Richmond
Downtown Richmond, Richmond, VA Local Guide
- Nearby Richmond neighborhoods
- Nearby Cities
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Cheapest Available Downtown Richmond Apartments for Rent
The cheapest available apartment rental in the Downtown Richmond area of Richmond, VA is a 1 Bed unit found at 11 E Broad St priced from $749. Bloom Apartments II has the second lowest priced unit, which is a 1 Bed apartment currently listed from $799. Here are the most affordable Downtown Richmond apartments for rent in Richmond, VA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 11 E Broad St | 1 Beds, 1 Baths | 1BR, 1BA | $749 |
| Bloom Apartments II | 1Bed/1Bath: 456 sq ft | 1BR, 1BA | $799 |
| Oxford Square Apartments | 1 Beds, 1 Baths | 1BR, 1BA | $800 |
| Raven Place | A.2 | 1BR, 1BA | $959 |
| The Edison | Studio | 1BR, 1BA | $995 |
| The Hill Building | Studio | Studio, 1BA | $995 |
| 311 W. Franklin | Harrison | Studio, 1BA | $995 |
| 421 W Grace St | 1 Beds, 1 Baths | 1BR, 1BA | $995 |
| 1128 W. Grace St.* | 1BR/1.0BA | 1BR, 1BA | $995 |
| Van de Vyver | The Reserve | Studio, 1BA | $998 |
Best Value Apartments for Rent in Downtown Richmond, VA
As of September 21, 2026 the best value apartment in the Downtown Richmond area is the $0.25 price per square foot 1 Beds, 1 Baths Model at 11 E Broad St in the Downtown Richmond neighborhood starting from $749. The second greatest value Downtown Richmond apartment is the 2509 Seminary Ave Model at 2509 Seminary Ave, Unit # B in the Bellevue neighborhood starting at $1,295 with a $0.58 price per square foot. Here is today’s list of the best values for Downtown Richmond apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 11 E Broad St | 1 Beds, 1 Baths | 1BR, 1BA | $0.25 |
| 2509 Seminary Ave, Unit # B | 2509 Seminary Ave | 2BR, 1BA | $0.58 |
| W. Cary St. 1263 | 3BR/2.0BA | 3BR, 2BA | $1.04 |
| Broad St W 200 | Broad St W 200 - 202 | 3BR, 2BA | $1.30 |
| Marshall Park | 4x2 - Priced Per Bedroom | 4BR, 2BA | $0.46 |
| Broadway Apartments | Two Bed Two Bath | 2BR, 2BA | $1.15 |
| The James | JAMES-2 | 2BR, 2BA | $0.89 |
| Marshall Street Apartments | 1 Bedroom / 1 Bath - 632sqft | 1BR, 1BA | $1.25 |
| 421 W Grace St | 1 Beds, 1 Baths | 1BR, 1BA | $1.24 |
| Oxford Square Apartments | 1 Beds, 1 Baths | 1BR, 1BA | $1.07 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read Article
The Ultimate Renter's Guide for Finding the Perfect Student Friendly Richmond Neighborhood to Rent
Learn about the best neighborhoods for student renters near Richmond Colleges and Universities by our Local Expert Richard Corrigan
Read ArticleNavigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
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The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
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Pet Friendly LifestyleDowntown Richmond, Richmond, VA
Ranked #10
Among cities in Virginia for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Lifestyle Ratings
ApartmentHomeLiving brings you our detailed rental search system called 'Lifestyle ratings', composed of neighborhoods, cities, and rental properties across Virginia, including Richmond. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including filtering automatically for convenient access to the outdoors, luxury housing options, transit availability, pet-friendly communities, apartment communities for the kids, and other valuable search options. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!
Frequently Asked Questions about Cheap Downtown Richmond Apartments
What is a cheap apartment in Downtown Richmond?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown Richmond is under $998.
What is the price of a cheap apartment in Downtown Richmond?
The cheapest apartment in Downtown Richmond is 11 E Broad St which is listed at $749, while the average apartment in Downtown Richmond costs $1,805.
What types of apartments are the cheapest in Downtown Richmond?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 209 regular apartments in Downtown Richmond that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Downtown Richmond?
Cheap apartments in Downtown Richmond have an average cost of $486 which is $1,319 cheaper than the average rent for all rentals in Downtown Richmond.
Expert Rental Resources
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.
Helpful Local Expert Guides
Your Richmond Neighborhood Guide: Living Near the City's Top Employers
Written by: Richard Corrigan
Richmond is a beautiful place to live and work. The city has something for everyone—historic charm, trendy shops and boutiques, world-class restaurants and amazing urban parks and green spaces.
Explore The River City Like a Local: The Insider's Guide to Renting in Richmond, VA
Written by: Richard Corrigan
Welcome to Richmond! For those unfamiliar, it’s Virginia’s state capitol, a city with a long and rich history, and—some might say—Virginia’s biggest small town. There’s a lot to love about living here.
Your Guide to Picking the Perfect Richmond Neighborhood for Student Renters
Written by: Richard Corrigan
Richmond isn't always thought of as a college town, but there are actually several major colleges and universities here. One thing Richmond does get credit for—and rightfully so—is being a very neighborhood-friendly city.
A Local Expert's Guide To the Top Budget-Friendly Neighborhoods to Rent in Richmond, VA
Written by: Richard Corrigan
Richmond is rightly considered one of the best places to live on the East Coast. We love Richmond’s rich history, phenomenal culinary scene, unique art and culture, and its next-level parks and green spaces.
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Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.
How Commercial-to-Residential Property Conversions Help the Housing Crisis
Written by: Robin Stewart
Many housing markets throughout America share a common complaint: a lack of affordable rental properties.
Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.
Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.