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$799 - $1,699
Plus Fees1 Month Lease Term
Studio to 3 Bedroom Apartments Available NowBloom Apartments II
3207 Chamberlayne AveRichmond, VA 23227
Cheap Apartments for Rent in the Downtown Richmond Neighborhood of Richmond, VA from $300 (86 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Richmond area of Richmond.
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$890
Plus Fees
4 Bedroom Apartments Available Aug 16Liberty Circle Apartments
1600 Monument AveRichmond, VA 23220
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$900 - $2,192
Total Monthly Price
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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$900 - $2,192
Total Monthly Price
$900 - $2,192
Lofts and Upper Lofts at Canal Walk III
10 S 20th StRichmond, VA 23223
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$926
Total Monthly Price12 Month Lease Term
4 Bedroom Apartment Available NowTotal Monthly Price
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$926
Total Monthly Price
$926
1301 Idlewood Ave, Unit 1301
1301 Idlewood AveRichmond, VA 23220
1715 Grove Ave
RichmondVA23220
3012 Chamberlayne Ave
RichmondVA23227
516 S Pine St
RichmondVA23220
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$995Studio Apartments Available Now
714 N Arthur Ashe Blvd, Unit C
714 N Arthur Ashe BlvdRichmond, VA 23220
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$998 - $1,242
Plus Fees12 Month Lease Term
Studio to 2 Bedroom Apartments Available NowVan de Vyver
713 N 1st StRichmond, VA 23219
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Rent Specials
$999 - $1,499
Plus Fees
1 to 2 Bedroom Apartments Available NowRaven Place
1710 E Broad StRichmond, VA 23223
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.
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$1,031 - $1,962
Plus Fees12 Month Lease Term
1 to 2 Bedroom Apartments Available Aug 19Kensington, Patterson Place and Grove Ave
3502 Kensington AveRichmond, VA 23221
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$1,081 - $2,700
Plus Fees
1 to 3 Bedroom Apartments Available Aug 8The Berkshire
300 W Franklin StRichmond, VA 23220
302 Goshen St
RichmondVA23220
14 S Plum St
RichmondVA23220
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$1,100 - $1,700
Total Monthly Price
1 to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,100 - $1,700
Total Monthly Price
Varies
209 E Main St
209 E Main StRichmond, VA 23219
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$1,125 - $1,850
Plus Fees12 Month Lease Term
Studio to 3 Bedroom Apartments Available NowEagle Mill Lofts
1418 W Marshall StRichmond, VA 23220
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$1,130 - $1,180
Plus Fees
2 Bedroom Apartments Contact Us For Availability2400 Barton Ave
2400 Barton AveRichmond, VA 23222
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$1,135 - $1,562
Plus Fees12 Month Lease Term
1 to 3 Bedroom Apartments Available NowThe Foundry Apartments
946 Sledd StRichmond, VA 23220
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$1,135 - $2,139
Total Monthly Price12 Month Lease Term
Studio to 2 Bedroom Apartments Contact Us For AvailabilityTotal Monthly Price
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$990 - $1,994
Required Monthly Fees
$145
Total Monthly Price
$1,135 - $2,139
Towers on Franklin
104 W Franklin StRichmond, VA 23220
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$1,165 - $2,215
Plus Fees
Studio to 3 Bedroom Apartments Available NowThe Edison
700 E Franklin StRichmond, VA 23219
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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$1,170 - $2,718
Plus Fees
Studio to 2 Bedroom Apartments Available NowResidences at the John Marshall
101 N 5th StRichmond, VA 23219
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$1,175 - $3,170
Total Monthly Price
Studio to 3 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,175 - $3,170
Total Monthly Price
$1,175 - $3,170
Spectrum Apartments
2017 Brook RdRichmond, VA 23220
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$1,177
Plus Fees12 Month Lease Term
1 Bedroom Apartments Available Oct 6The Concord Northside
710 W Fells StRichmond, VA 23222
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$1,179 - $2,044
Plus Fees
Studio to 2 Bedroom Apartments Available Nov 6The Biggs Building
900 W Marshall StRichmond, VA 23220
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$1,185 - $1,400
Plus Fees
Studio to 2 Bedroom Apartments Available NowThe Corner Lofts
1321 -1/2 E Main StRichmond, VA 23219
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$1,195Studio Apartments Available Now
311 W Franklin St, Unit 1105
311 W Franklin StRichmond, VA 23220
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$1,1952 Bedroom Apartments Available Aug 10
400 W Grace St, Unit 3
400 W Grace StRichmond, VA 23220
503 E Main St
RichmondVA23219
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Rent Specials
$1,195
Total Monthly Price12 Month Lease Term
1 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,195
Total Monthly Price
$1,195
Smokehouse Lofts
110-114 S 15th StRichmond, VA 23219
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$1,195 - $2,100
Plus Fees12 Month Lease Term
1 to 3 Bedroom Apartments Available NowPark Northside Apartments
1603 Roane StRichmond, 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.
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$1,195 - $1,495
Total Monthly Price12 Month Lease Term
Studio to 1 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,195 - $1,495
Total Monthly Price
$1,195 - $1,495
311 W. Franklin
311 W Franklin StRichmond, VA 23220
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$1,199 - $2,600
Plus Fees12 Month Lease Term
Studio to 3 Bedroom Apartments Available NowCookie Factory Lofts
900 Terminal PlRichmond, VA 23220
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$1,199
Plus Fees
1 Bedroom Apartments Available NowMortons Apartments
213 E Broad StRichmond, VA 23219
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Studio to 2 Bedroom Apartments
2910 Chamberlayne
2907-2927 Chamberlayne AveRichmond, VA 23222
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1 Bedroom Apartments
Shockoe Hill Senior Apartments 62 plus*
206-210 Hospital StRichmond, VA 23219
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Studio to 3 Bedroom Apartments
Goshen Street
302 Goshen StRichmond, VA 23220
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1 to 3 Bedroom Apartments
The Planet Apartments
14 W Jackson StRichmond, VA 23220
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1 Bedroom Apartments
11 E Broad St
11 E Broad StRichmond, VA 23219
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Studio to 2 Bedroom Apartments
Richmond Arts
115 N 1st StRichmond, VA 23219
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1 to 2 Bedroom Apartments
Market Slip
2 S 17th 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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Studio to 1 Bedroom Apartments
2700 Idlewood Ave
2700 Idlewood AveRichmond, VA 23220
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2 Bedroom Apartments
101 Poe St
101 Poe StRichmond, VA 23222
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1 to 2 Bedroom Apartments
3329 Cutshaw Ave
3329 Cutshaw AveRichmond, VA 23230
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Studio to 1 Bedroom Apartments
Jernigin Hall
314 W Grace StRichmond, VA 23220
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1 Bedroom Apartments
2910 Chamberlayne Ave
2910 Chamberlayne AveRichmond, VA 23222
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1 to 2 Bedroom Apartments
Virginia Apartments
2602-2608 Kensington AveRichmond, VA 23220
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Studio to 2 Bedroom Apartments
The Richmond Dairy Apartments
201 W Marshall StRichmond, VA 23220
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Studio to 2 Bedroom Apartments
Tracks at the Masonry
1716 E Cary StRichmond, VA 23223
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Studio to 2 Bedroom Apartments
Cornish Brewery Apartments
1201 W Clay StRichmond, VA 23220
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1 Bedroom Apartments
The Rosa
744 N 2nd 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 | $1,589 | $849 | $7,168 |
| Downtown Richmond 1 Bedroom Apartments | $1,784 | $799 | $8,686 |
| Downtown Richmond 2 Bedroom Apartments | $2,338 | $939 | $10,000+ |
| Downtown Richmond 3 Bedroom Apartments | $2,444 | $819 | $10,000+ |
| Downtown Richmond 4 Bedroom Apartments | $1,130 | $710 | $3,300 |
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 86 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 |
| Lofts and Upper Lofts at Canal Walk III | Studio | Studio,1BA | $900 |
| Van de Vyver | The Reserve | Studio,1BA | $998 |
| Raven Place | A1 | 1BR,1BA | $999 |
| MacTavish Flats | B | Studio,1BA | $1,053 |
| The Stables | 1 Bedroom 1 Bathroom | 1BR,1BA | $1,055 |
| Lofts and Upper Lofts at Canal Walk - Canal I and Canal II | Canal 236 Studio | Studio,1BA | $1,062 |
| Oxford Square Apartments | 2 Beds, 1.5 Baths | 2BR,1BA | $1,095 |
Best Value Apartments for Rent in Downtown Richmond, VA
As of August 07, 2026 the best value apartment in the Downtown Richmond area is the $0.59 price per square foot 2509 Seminary Ave Model at 2509 Seminary Ave, Unit # B in the in the Bellevue neighborhood starting from $1,325. The second greatest value Downtown Richmond apartment is the Broad St W 200 - 202 Model at Broad St W 200 starting at $2,300 with a $1.39 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 | $0.59 |
| Broad St W 200 | Broad St W 200 - 202 | 3BR,2BA | $1.39 |
| 1301 Idlewood Ave, Unit 1301 | 1301 Idlewood Ave | 4BR,2BA | $0.58 |
| Marshall Park | 4x4 - Priced Per Bedroom | 4BR,4BA | $0.59 |
| Broadway Apartments | Two Bed Two Bath | 2BR,2BA | $1.30 |
| Miller and Rhoads Residences | 1 Bedroom 1.5 Bath | 1BR,1.5BA | $1.34 |
| 1701 W Leigh St | 1701 W Leigh St | 2BR,1BA | $1.33 |
| Oxford Square Apartments | 2 Beds, 1.5 Baths | 2BR,1.5BA | $0.91 |
| Marshall Street Apartments | 1 Bedroom / 1 Bath - 632sqft | 1BR,1BA | $1.33 |
| Mortons Apartments | 1BR/1.0BA | 1BR,1BA | $1.32 |
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.
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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 $1,095.
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 $1,792.
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 141 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 $431 which is $1,361 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.
Articles, How-To's, and Tips
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.
First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.
Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.