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$849 - $1,599
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$849 - $1,599
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$849 - $1,599
Bloom Apartments II
3207 Chamberlayne AveRichmond, VA 23227
Cheap Apartments for Rent in the Downtown Richmond Neighborhood of Richmond, VA from $500 (184 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Richmond area of Richmond.
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$8651 Bedroom Apartments Available Now
3114 Barton Ave
3114 Barton AveRichmond, VA 23222
1019 W Leigh St
RichmondVA23220
1017 W Leigh St
RichmondVA23220
1917 Lakeview Ave
RichmondVA23220
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$995 - $1,569
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1 Bedroom Apartments Available NowTotal Monthly Price
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$995 - $1,569
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$995 - $1,569
Mortons Apartments
213 E Broad StRichmond, VA 23219
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$995 - $1,900
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$995 - $1,900
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$995 - $1,900
Eagle Mill Lofts
1418 W Marshall StRichmond, VA 23220
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$998 - $1,489
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$998 - $1,489
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$998 - $1,489
Van de Vyver
713 N 1st StRichmond, VA 23219
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$999
Total Monthly Price12 Month Lease Term
1 Bedroom Apartment Available NowTotal Monthly Price
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$999
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$999
1130 W Grace St
1130 W Grace StRichmond, VA 23220
1723 Blair St
RichmondVA23220
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.
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$1,028 - $1,962
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1 to 2 Bedroom Apartments Available Apr 8Total Monthly Price
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$1,028 - $1,962
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$1,028 - $1,962
Kensington, Patterson Place and Grove Ave
3502 Kensington AveRichmond, VA 23221
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$1,035 - $2,199
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$900 - $2,064
Required Monthly Fees
$135
Total Monthly Price
$1,035 - $2,199
Towers on Franklin
104 W Franklin StRichmond, VA 23220
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$1,042 - $2,787
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Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,042 - $2,787
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$1,042 - $2,787
Residences at the John Marshall
101 N 5th StRichmond, VA 23219
1110 W Main St
RichmondVA23220
22 S Robinson St
RichmondVA23220
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$1,061 - $2,875
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1 to 3 Bedroom Apartments Available NowTotal Monthly Price
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$1,061 - $2,875
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$1,061 - $2,875
The Berkshire
300 W Franklin StRichmond, VA 23220
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$1,076 - $1,256
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$1,076 - $1,256
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$1,076 - $1,256
Iron House Apartments
1309 W Broad StRichmond, VA 23220
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$1,079 - $1,180
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Studio to 1 Bedroom Apartments Available Apr 21Total Monthly Price
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$1,079 - $1,180
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$1,079 - $1,180
The Corner Lofts
1323 1/2 E Main StRichmond, VA 23219
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$1,087 - $2,446
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$1,087 - $2,446
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$1,087 - $2,446
The Edison Apartments
700 E Franklin StRichmond, VA 23219
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$1,095 - $1,795
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$1,095 - $1,795
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$1,095 - $1,795
The Hill Building
114 Virginia 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.
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$1,0951 Bedroom Apartments Available Now
114 Virginia St
114 Virginia StRichmond, VA 23219
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$1,104 - $2,825
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$1,092 - $2,813
Required Monthly Fees
$12
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$1,104 - $2,825
Coliseum Lofts
1335-1387 W Broad StRichmond, VA 23220
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$1,124 - $2,168
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$1,124 - $2,168
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$1,124 - $2,168
Grace & Monroe Apartments
401 W Grace StRichmond, VA 23220
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$1,125 - $1,800
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Studio to 2 Bedroom Apartments Available Apr 14Total Monthly Price
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$1,125 - $1,800
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$1,125 - $1,800
Southern Stove Lofts
1215 Hermitage RdRichmond, VA 23220
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$1,130 - $1,180
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$1,130 - $1,180
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$1,130 - $1,180
2400 Barton Ave
2400 Barton AveRichmond, VA 23222
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$1,145 - $2,269
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$1,145 - $2,269
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$1,145 - $2,269
American Heritage Apartments
1001 E Main StRichmond, VA 23219
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$1,149 - $1,450
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1 Bedroom Apartments Available NowTotal Monthly Price
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$1,149 - $1,450
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$1,149 - $1,450
Atrium on Broad
115 E Broad StRichmond, VA 23219
1209 Wallace St
RichmondVA23220
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$1,164 - $1,575
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$1,164 - $1,575
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$1,164 - $1,575
Monroe Park Towers
520 W Franklin StRichmond, VA 23220
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$1,175
Total Monthly Price12 Month Lease Term
1 Bedroom Apartments Available Apr 15Total Monthly Price
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$1,175
Total Monthly Price
$1,175
1510 W. Broad Street
1510 W Broad 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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$1,175 - $3,423
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$1,175 - $3,423
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$1,175 - $3,423
Spectrum Apartments
2017 Brook RdRichmond, VA 23220
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$1,177
Total Monthly Price12 Month Lease Term
1 Bedroom Apartments Available Apr 17Total Monthly Price
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$1,177
Total Monthly Price
$1,177
The Concord Northside
710 W Fells StRichmond, VA 23222
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$1,179 - $2,044
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$1,179 - $2,044
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$1,179 - $2,044
The Biggs Building
900 W Marshall StRichmond, VA 23220
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$1,182 - $1,408
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$1,182 - $1,408
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$1,182 - $1,408
District Square Apartments
111-117 W Marshall StRichmond, VA 23220
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$1,185 - $1,416
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$1,185 - $1,416
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$1,185 - $1,416
Centennial Terrace
507 E Main StRichmond, VA 23219
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$1,195 - $2,495
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$1,195 - $2,495
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$1,195 - $2,495
T and E Apartments
1011 W Marshall StRichmond, VA 23220
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$1,195 - $1,895
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$1,195 - $1,895
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$1,195 - $1,895
Smokehouse Lofts
110-114 S 15th StRichmond, VA 23219
1608 Brookfield St
RichmondVA23222
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$1,1951 Bedroom Apartments Available May 15
300 S Arthur Ashe Blvd
300 S Arthur Ashe BlvdRichmond, VA 23220
3 N 18th St
RichmondVA23223
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.
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$1,205 - $1,255
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$1,205 - $1,255
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$1,205 - $1,255
1710 Lofts
1710 E Franklin StRichmond, VA 23223
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$1,210
Total Monthly Price
Studio to 1 Bedroom Apartments Available Apr 5Total Monthly Price
Base Rent
$1,204
Required Monthly Fees
Varies
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Varies
The Edgar at Linden Row
114 E Franklin StRichmond, VA 23219
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$1,213 - $3,180
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$1,213 - $3,180
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$1,213 - $3,180
The Mezzo Lofts
17 W Broad StRichmond, VA 23220
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$1,225 - $1,675
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1 Bedroom Apartments Available NowTotal Monthly Price
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$1,225 - $1,675
Total Monthly Price
$1,225 - $1,675
Marshall Street Apartments
220 E Marshall StRichmond, VA 23219
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$1,239 - $4,050
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Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,239 - $4,050
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$1,239 - $4,050
First National Apartments
823 E Main StRichmond, VA 23219
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$1,239 - $1,364
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1 Bedroom Apartments Available NowTotal Monthly Price
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$1,239 - $1,364
Total Monthly Price
$1,239 - $1,364
Flats at 14th
10 S 14th StRichmond, VA 23219
1605 Hickory St
RichmondVA23222
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$1,249 - $2,549
Total Monthly Price12 Month Lease Term
1 to 3 Bedroom Apartments Available NowTotal Monthly Price
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$1,099 - $2,399
Required Monthly Fees
$150
Total Monthly Price
$1,249 - $2,549
The Shockoe Collection
104 Shockoe SlipRichmond, VA 23219
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$1,250 - $2,625
Total Monthly Price12 Month Lease Term
Studio to 3 Bedroom Apartments Available NowTotal Monthly Price
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$1,250 - $2,625
Total Monthly Price
$1,250 - $2,625
Cookie Factory Lofts
900 Terminal PlRichmond, VA 23220
517 N Harrison St
RichmondVA23220
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
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 | $1,489 | $849 | $4,416 |
| Downtown Richmond 1 Bedroom Apartments | $1,749 | $865 | $5,343 |
| Downtown Richmond 2 Bedroom Apartments | $2,243 | $899 | $5,630 |
| Downtown Richmond 3 Bedroom Apartments | $2,178 | $759 | $6,967 |
| Downtown Richmond 4 Bedroom Apartments | $1,275 | $689 | $5,994 |
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 184 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
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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 Studio unit found at Bloom Apartments II priced from $849. Mortons Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $995. Here are the most affordable Downtown Richmond apartments for rent in Richmond, VA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Bloom Apartments II | Studio 415 sq ft | Studio,1BA | $849 |
| Mortons Apartments | 1BR/1.0BA | 1BR,1BA | $995 |
| Van de Vyver | The Reserve | Studio,1BA | $998 |
| Eagle Mill Lofts | 1 bed 1bth | 1BR,1BA | $1,000 |
| Towers on Franklin | Harrison | Studio,1BA | $1,035 |
| Residences at the John Marshall | Studio | Studio,1BA | $1,042 |
| The Stables | 1 Bedroom 1 Bathroom | 1BR,1BA | $1,055 |
| Iron House Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $1,076 |
| The Hill Building | Studio | 1BR,1BA | $1,095 |
Best Value Apartments for Rent in Downtown Richmond, VA
As of March 23, 2026 the best value apartment in the Downtown Richmond area is the $0.66 price per square foot 2509 Seminary Ave Model at 2509 Seminary Ave, Unit # B in the in the Bellevue neighborhood starting from $1,475. The second greatest value Downtown Richmond apartment is the 4x2 - Priced Per Bedroom Model at Marshall Park starting at $800 with a $0.54 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. |
|---|---|---|---|
| 2509 Seminary Ave, Unit # B | 2509 Seminary Ave | 2BR,1BA | $0.66 |
| Marshall Park | 4x2 - Priced Per Bedroom | 4BR,2BA | $0.54 |
| Lofts and Upper Lofts at Canal Walk - Canal I and Canal II | Canal 236 1 Bed | 1BR,1BA | $0.98 |
| The Berkshire | Clay | 1BR,1BA | $1.33 |
| 110 E Cary St | 2 Beds 1 Bath | 2BR,1BA | $1.26 |
| Broadway Apartments | Two Bed Two Bath | 2BR,2BA | $1.33 |
| 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/1.5BA | 1BR,1.5BA | $1.46 |
| Marshall Street Apartments | 1 Bedroom / 1 Bath - 632sqft | 1BR,1BA | $1.23 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
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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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash 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.
Read ArticleThe 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 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.
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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 $1,095.
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 $899, while the average apartment in Downtown Richmond costs $2,129.
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 200 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 $516 which is $1,613 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
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.
18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.
A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.
Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.