close
View Me
$595Studio Apartments Available May 15
3012 Chamberlayne Ave, Unit 201A
3012 Chamberlayne AveRichmond, VA 23227
Cheap Apartments for Rent in the Downtown Richmond Neighborhood of Richmond, VA from $300 (84 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Richmond area of Richmond.
close
View Me
Rent Specials
$825 - $1,700
Plus Fees12 Month Lease Term
Studio to 3 Bedroom Apartments Available NowEagle Mill Lofts
1418 W Marshall StRichmond, VA 23220
close
View Me
$849 - $1,699
Plus Fees1 Month Lease Term
Studio to 3 Bedroom Apartments Available NowBloom Apartments II
3207 Chamberlayne AveRichmond, VA 23227
close
View Me
$980 - $2,250
Plus Fees12 Month Lease Term
1 to 3 Bedroom Apartments Available Jul 31106 West Franklin St
1106 Franklin StRichmond, VA 23220
1019 W Leigh St
RichmondVA23220
1017 W Leigh St
RichmondVA23220
close
View Me
$995 - $1,795
Plus Fees12 Month Lease Term
Studio to 2 Bedroom Apartments Available NowThe Hill Building
114 Virginia StRichmond, VA 23219
close
View Me
$998 - $1,489
Plus Fees12 Month Lease Term
Studio to 2 Bedroom Apartments Available NowVan de Vyver
713 N 1st StRichmond, VA 23219
close
View Me
$1,010
Plus Fees
1 Bedroom Apartments Contact Us For Availability1411 Grove Avenue
1411 Grove AveRichmond, VA 23220
close
View Me
$1,028 - $1,962
Plus Fees12 Month Lease Term
1 to 2 Bedroom Apartments Available NowKensington, Patterson Place and Grove Ave
3502 Kensington AveRichmond, VA 23221
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.
close
View Me
Rent Specials
$1,035 - $2,199
Total Monthly Price12 Month Lease Term
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$900 - $2,064
Required Monthly Fees
$135
Total Monthly Price
$1,035 - $2,199
Towers on Franklin
104 W Franklin StRichmond, VA 23220
close
View Me
$1,061 - $2,875
Plus Fees
1 to 3 Bedroom Apartments Available NowThe Berkshire
300 W Franklin StRichmond, VA 23220
close
View Me
Rent Specials
$1,080 - $1,131
Plus Fees12 Month Lease Term
Studio Apartments Available NowFlats at 14th
10 S 14th StRichmond, VA 23219
close
View Me
$1,087 - $2,517
Plus Fees
Studio to 2 Bedroom Apartments Available NowResidences at the John Marshall
101 N 5th StRichmond, VA 23219
close
View Me
$1,0951 Bedroom Apartments Available Aug 10
421 W Grace St, Unit 203
421 W Grace StRichmond, VA 23220
close
View Me
Rent Specials
$1,099 - $2,721
Plus Fees
Studio to 2 Bedroom Apartments Available NowCentennial Terrace
507 E Main StRichmond, VA 23219
close
View Me
$1,100 - $1,860
Plus Fees
1 to 3 Bedroom Apartments Available Jul 11123-25-27 West Grace Street
1123-1127 W Grace StRichmond, VA 23220
close
View Me
Rent Specials
$1,104 - $2,881
Total Monthly Price12 Month Lease Term
Studio to 3 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,092 - $2,869
Required Monthly Fees
$12
Total Monthly Price
$1,104 - $2,881
Coliseum Lofts
1335-1387 W Broad StRichmond, VA 23220
close
View Me
$1,122 - $1,645
Plus Fees12 Month Lease Term
Studio to 2 Bedroom Apartments Available Jun 17District Square Apartments
111-117 W Marshall StRichmond, VA 23220
close
View Me
Rent Specials
$1,130 - $1,429
Plus Fees
Studio to 1 Bedroom Apartments Available May 20The Corner Lofts
1323 1/2 E Main StRichmond, VA 23219
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.
close
View Me
$1,130 - $1,180
Plus Fees
2 Bedroom Apartments Contact Us For Availability2400 Barton Ave
2400 Barton AveRichmond, VA 23222
close
View Me
Rent Specials
$1,131 - $2,829
Plus Fees
Studio to 3 Bedroom Apartments Available NowThe Mezzo Lofts
17 W Broad StRichmond, VA 23220
close
View Me
$1,135 - $1,562
Plus Fees12 Month Lease Term
1 to 3 Bedroom Apartments Available NowThe Foundry Apartments
946 Sledd StRichmond, VA 23220
close
View Me
$1,149 - $1,539
Plus Fees
1 Bedroom Apartments Available NowAtrium on Broad Apartments
115 E Broad StRichmond, VA 23219
close
View Me
$1,149
Total Monthly Price12 Month Lease Term
1 Bedroom Apartment Available Jul 1Total Monthly Price
Base Rent
$1,149
Total Monthly Price
$1,149
9 S Crenshaw Ave, Unit 9 S. Crenshaw Ave, Unit 9 S. Crenshaw Ave
9 S Crenshaw AveRichmond, VA 23221
1209 Wallace St
RichmondVA23220
2416 Barton Ave
RichmondVA23222
2420 Barton Ave
RichmondVA23222
close
View Me
$1,164 - $1,575
Plus Fees12 Month Lease Term
Studio to 2 Bedroom Apartments Available NowMonroe Park Towers Apartments
520 W Franklin StRichmond, VA 23220
close
View Me
Rent Specials
$1,175 - $3,462
Plus Fees
Studio to 3 Bedroom Apartments Available NowSpectrum Apartments
2017 Brook RdRichmond, VA 23220
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
close
View Me
$1,177
Plus Fees12 Month Lease Term
1 Bedroom Apartments Available NowThe Concord Northside
710 W Fells StRichmond, VA 23222
close
View Me
$1,179 - $2,024
Plus Fees
Studio to 2 Bedroom Apartments Available NowThe Biggs Building
900 W Marshall StRichmond, VA 23220
close
View Me
$1,180 - $2,190
Plus Fees12 Month Lease Term
Studio to 3 Bedroom Apartments Available Jul 4Grace & Monroe Apartments
401 W Grace StRichmond, VA 23220
close
View Me
$1,195 - $1,895
Total Monthly Price12 Month Lease Term
1 to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,195 - $1,895
Total Monthly Price
$1,195 - $1,895
Smokehouse Lofts
110-114 S 15th StRichmond, VA 23219
close
View Me
$1,195 - $2,100
Plus Fees12 Month Lease Term
1 to 3 Bedroom Apartments Available NowPark Northside Apartments
1603 Roane StRichmond, VA 23222
3 N 18th St
RichmondVA23223
1840 Monument Ave
RichmondVA23220
close
View Me
Studio to 2 Bedroom Apartments
2910 Chamberlayne
2907-2927 Chamberlayne AveRichmond, VA 23222
close
View Me
1 to 2 Bedroom Apartments
Oxford Square Apartments
3201 Chamberlayne AveRichmond, VA 23227
close
View Me
1 Bedroom Apartments
Shockoe Hill Senior Apartments 62 plus*
206-210 Hospital StRichmond, VA 23219
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.
close
View Me
Studio to 3 Bedroom Apartments
Goshen Street
302 Goshen StRichmond, VA 23220
close
View Me
1 to 3 Bedroom Apartments
The Planet Apartments
14 W Jackson StRichmond, VA 23220
close
View Me
Studio to 2 Bedroom Apartments
Richmond Arts
115 N 1st StRichmond, VA 23219
close
View Me
1 to 2 Bedroom Apartments
Market Slip
2 S 17th StRichmond, VA 23219
close
View Me
Studio to 1 Bedroom Apartments
2700 Idlewood Ave
2700 Idlewood AveRichmond, VA 23220
close
View Me
1 to 2 Bedroom Apartments
3329 Cutshaw Ave
3329 Cutshaw AveRichmond, VA 23230
close
View Me
2 Bedroom Apartments
101 Poe St
101 Poe StRichmond, VA 23222
close
View Me
Studio to 1 Bedroom Apartments
Jernigin Hall
314 W Grace StRichmond, VA 23220
close
View Me
1 to 2 Bedroom Apartments
Virginia Apartments
2602-2608 Kensington AveRichmond, VA 23220
close
View Me
1 Bedroom Apartments
2910 Chamberlayne Ave
2910 Chamberlayne AveRichmond, VA 23222
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.
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 | $1,544 | $595 | $5,802 |
| Downtown Richmond 1 Bedroom Apartments | $1,754 | $825 | $6,906 |
| Downtown Richmond 2 Bedroom Apartments | $2,222 | $930 | $10,000+ |
| Downtown Richmond 3 Bedroom Apartments | $2,065 | $810 | $5,266 |
| Downtown Richmond 4 Bedroom Apartments | $1,156 | $729 | $3,680 |
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 84 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
- ZIP codes
- Local Counties
- School Districts
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 Bloom Apartments II priced from $849. Eagle Mill Lofts has the second lowest priced unit, which is a 2 Beds apartment currently listed from $950. Here are the most affordable Downtown Richmond apartments for rent in Richmond, VA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Bloom Apartments II | 1Bed/1Bath: 463 sq ft | 1BR,1BA | $849 |
| Eagle Mill Lofts | 2bed 1bth | 2BR,1BA | $950 |
| Van de Vyver | The Reserve | Studio,1BA | $998 |
| Market Villas | 1 Bedroom 1 Bath - 41287 | 1BR,1BA | $1,021 |
| Towers on Franklin | Harrison | Studio,1BA | $1,035 |
| Shockoe Commons | SCommons-A2 | 1BR,1BA | $1,043 |
| The Stables | 1 Bedroom 1 Bathroom | 1BR,1BA | $1,055 |
| Flats at 14th | 0 Bedroom 1 Bath - 50215 | Studio,1BA | $1,080 |
| Residences at the John Marshall | Studio | Studio,1BA | $1,087 |
| The Mezzo Lofts | Montage Gallery - Studios | Studio,1BA | $1,120 |
Best Value Apartments for Rent in Downtown Richmond, VA
As of May 08, 2026 the best value apartment in the Downtown Richmond area is the $1.44 price per square foot Downtown Double Suite Model at The Berkshire in the in the Downtown Richmond neighborhood starting from $2,680. The second greatest value Downtown Richmond apartment is the 4x2 - Priced Per Bedroom Model at Marshall Park starting at $750 with a $0.51 price per square foot in the Downtown Richmond neighborhood. 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. |
|---|---|---|---|
| The Berkshire | Downtown Double Suite | 2BR,2BA | $1.44 |
| Marshall Park | 4x2 - Priced Per Bedroom | 4BR,2BA | $0.51 |
| Park Plaza @ Belvidere | 2BR/2.0BA | 2BR,2BA | $1.30 |
| Lofts and Upper Lofts at Canal Walk - Canal I and Canal II | Canal 236 1 Bed | 1BR,1BA | $0.91 |
| 10 Walnut Alley | 2 Bedroom 2 Bath - 30004 | 2BR,2BA | $1.46 |
| Raven Place | B1.1 | 2BR,2BA | $1.50 |
| 2802 Park Ave | 2 Bed 1 Bath | 2BR,1BA | $1.50 |
| 209 E Main St | Unit 208A | 2BR,1BA | $1.36 |
| 210 E Grace St | 2 Bed/2 Bath | 2BR,2BA | $1.35 |
| Mortons Apartments | 1BR/1.0BA | 1BR,1BA | $1.34 |
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 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.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
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.
Let everyone know!
Do you know the Downtown Richmond area?
If you’re an expert on all things Downtown Richmond, tell us what you love (and don't) by rating it and writing a review.
Write a Review
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 $1,120.
What is the price of a cheap apartment in Downtown Richmond?
The cheapest apartment in Downtown Richmond is Bloom Apartments II which is listed at $849, while the average apartment in Downtown Richmond costs $2,110.
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 241 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 $571 which is $1,539 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
A Local Experts 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.
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.
Explore The River City Like a Local: The Insiders 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.
Articles, How-To's, and Tips
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.
Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.