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$849 - $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 (79 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Richmond area of Richmond.
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$950 - $1,800
Plus Fees12 Month Lease Term
Studio to 3 Bedroom Apartments Available NowEagle Mill Lofts
1418 W Marshall StRichmond, VA 23220
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$962
Total Monthly Price
1 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$900
Required Monthly Fees
$62
Total Monthly Price
$962
3114 Barton Ave, Unit Apt B
3114 Barton AveRichmond, VA 23222
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$971 - $2,881
Total Monthly Price12 Month Lease Term
Studio to 3 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$959 - $2,869
Required Monthly Fees
$12
Total Monthly Price
$971 - $2,881
Coliseum Lofts
1335-1387 W Broad StRichmond, VA 23220
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$995 - $1,795
Plus Fees12 Month Lease Term
Studio to 2 Bedroom Apartments Available NowThe Hill Building
114 Virginia StRichmond, VA 23219
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$998 - $1,489
Plus Fees12 Month Lease Term
Studio to 2 Bedroom Apartments Available NowVan 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
Base Rent
$999
Total Monthly Price
$999
1130 W Grace St
1130 W Grace StRichmond, VA 23220
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$1,010
Plus Fees
1 Bedroom Apartments Contact Us For AvailabilityThe Ritz
1411 Grove AveRichmond, VA 23220
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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 NowThe Berkshire
300 W Franklin StRichmond, VA 23220
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.
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$1,095 - $1,995
Total Monthly Price12 Month Lease Term
Studio to 3 Bedroom Apartments Available Jul 30Total Monthly Price
Base Rent
$1,095 - $1,995
Total Monthly Price
$1,095 - $1,995
T and E Apartments
1011 W Marshall StRichmond, VA 23220
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$1,095Studio Apartments Available Aug 1
302 Goshen St, Unit 106
302 Goshen StRichmond, VA 23220
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$1,095Studio Apartments Available Jul 10
302 Goshen St, Unit 102
302 Goshen StRichmond, VA 23220
3 N 18th St
RichmondVA23223
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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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$1,130 - $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 Available NowTotal Monthly Price
Base Rent
$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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Rent Specials
$1,142 - $2,350
Plus Fees
1 to 2 Bedroom Apartments Available NowCapitol Lofts
1001 E Main StRichmond, VA 23219
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Rent Specials
$1,157 - $2,181
Plus Fees
Studio to 3 Bedroom Apartments Available NowThe Edison
700 E Franklin 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.
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$1,164 - $1,750
Plus Fees12 Month Lease Term
Studio to 2 Bedroom Apartments Available NowMonroe Park Towers Apartments
520 W Franklin StRichmond, VA 23220
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Rent Specials
$1,175 - $3,348
Plus Fees
Studio to 3 Bedroom Apartments Available NowSpectrum Apartments
2017 Brook RdRichmond, VA 23220
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$1,177
Plus Fees12 Month Lease Term
1 Bedroom Apartments Contact Us For AvailabilityThe Concord Northside
710 W Fells StRichmond, VA 23222
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Rent Specials
$1,179 - $2,044
Plus Fees
Studio to 2 Bedroom Apartments Available NowThe Biggs Building
900 W Marshall StRichmond, VA 23220
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Rent Specials
$1,185 - $1,390
Plus Fees
Studio to 1 Bedroom Apartments Available NowThe Corner Lofts
1323 1/2 E Main StRichmond, VA 23219
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$1,187
Total Monthly Price
Studio Apartments Available NowTotal Monthly Price
Base Rent
$1,175
Required Monthly Fees
$12
Total Monthly Price
$1,187
17 W Main St, Unit 203
17 W Main StRichmond, VA 23220
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$1,194 - $2,842
Plus Fees
Studio to 2 Bedroom Apartments Available NowResidences at the John Marshall
101 N 5th StRichmond, VA 23219
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Rent Specials
$1,194 - $1,827
Total Monthly Price
1 to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,149 - $1,782
Required Monthly Fees
$45
Total Monthly Price
$1,194 - $1,827
Raven Place
1710 E Broad StRichmond, VA 23223
1607 Brookfield St
RichmondVA23222
1608 Brookfield St
RichmondVA23222
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.
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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
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$1,1951 Bedroom Apartments Available Aug 15
3210 Ellwood Ave, Unit D
3210 Ellwood AveRichmond, VA 23221
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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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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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1 to 3 Bedroom Apartments
The Planet Apartments
14 W Jackson StRichmond, VA 23220
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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
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Studio to 1 Bedroom Apartments
2700 Idlewood Ave
2700 Idlewood AveRichmond, VA 23220
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1 to 2 Bedroom Apartments
3329 Cutshaw Ave
3329 Cutshaw AveRichmond, VA 23230
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 to 2 Bedroom Apartments
Virginia Apartments
2602-2608 Kensington AveRichmond, VA 23220
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1 Bedroom Apartments
2910 Chamberlayne Ave
2910 Chamberlayne AveRichmond, VA 23222
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Studio to 1 Bedroom Apartments
Jernigin Hall
314 W Grace StRichmond, VA 23220
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2 Bedroom Apartments
101 Poe St
101 Poe StRichmond, VA 23222
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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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1 to 2 Bedroom Apartments
Oxford Square Apartments
3201 Chamberlayne AveRichmond, VA 23227
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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
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Studio to 2 Bedroom Apartments
701 Saint James Street Apartments
701 St James StRichmond, VA 23220
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.
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 | $1,574 | $849 | $7,525 |
| Downtown Richmond 1 Bedroom Apartments | $1,767 | $849 | $8,250 |
| Downtown Richmond 2 Bedroom Apartments | $2,264 | $939 | $10,000+ |
| Downtown Richmond 3 Bedroom Apartments | $2,152 | $810 | $10,000+ |
| Downtown Richmond 4 Bedroom Apartments | $1,023 | $725 | $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 79 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 1 Bed unit found at Bloom Apartments II priced from $849. Oxford Square Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $895. 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 |
| Oxford Square Apartments | 1 Beds, 1 Baths | 1BR,1BA | $895 |
| Eagle Mill Lofts | 2bed 2bth | 2BR,2BA | $950 |
| Coliseum Lofts | E1 | Studio,1BA | $971 |
| The Hill Building | Studio | Studio,1BA | $995 |
| Van de Vyver | The Reserve | Studio,1BA | $998 |
| 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 | $1,068 |
| 209 E Main St | Unit 4,6,8 | 1BR,1BA | $1,100 |
Best Value Apartments for Rent in Downtown Richmond, VA
As of June 22, 2026 the best value apartment in the Downtown Richmond area is the $0.20 price per square foot 3 Beds, 2 Baths Model at 1318 W. Broad St. in the in the Near West neighborhood starting from $1,995. The second greatest value Downtown Richmond apartment is the 2509 Seminary Ave Model at 2509 Seminary Ave, Unit # B starting at $1,395 with a $0.62 price per square foot in the Bellevue 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. |
|---|---|---|---|
| 1318 W. Broad St. | 3 Beds, 2 Baths | 3BR,2BA | $0.20 |
| 2509 Seminary Ave, Unit # B | 2509 Seminary Ave | 2BR,1BA | $0.62 |
| Marshall Park | 4x2 - Priced Per Bedroom | 4BR,2BA | $0.49 |
| 16 W Broad St, Unit Apartment 1 | 16 W Broad St | 3BR,2BA | $1.36 |
| Park Plaza @ Belvidere | 2BR/2.0BA | 2BR,2BA | $1.40 |
| Marshall Street Apartments | 2 Bedroom / 2 Bath - 914sqft | 2BR,2BA | $1.28 |
| 1103 W Franklin St | 3 Beds, 1.5 Baths | 3BR,1.5BA | $1.36 |
| 200 Minor Street Quad | 3 Beds, 1 Baths | 3BR,1BA | $1.18 |
| 210 E Grace St | 2 Bed/2 Bath | 2BR,2BA | $1.35 |
| Oxford Square Apartments | 1 Beds, 1 Baths | 1BR,1BA | $1.19 |
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.
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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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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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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.
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Pet Friendly LifestyleDowntown Richmond, Richmond, VA
Ranked #9
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 $1,100.
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 $2,100.
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 198 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 $523 which is $1,577 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.
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.
Articles, How-To's, and Tips
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.
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.
Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.
Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.