Cheap Apartments for Rent in the Downtown Richmond Neighborhood of Richmond, VA from $395 (265 Rentals) Page 2 of 6

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Search the lowest-cost Apartments available for rent right now in the Downtown Richmond area of Richmond.

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Courtyard Lofts
$1,315 - $2,615

Total Monthly Price

Base Rent$1,315 - $2,615

Total Monthly Price$1,315 - $2,615
18 Month Lease Term
Studio to 3 Bedroom Apartments Available Oct 8

Courtyard Lofts

3200 W Clay StRichmond, VA 23230
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1710 Lofts
Rent Specials
$1,325 - $1,800

Total Monthly Price

Base Rent$1,325 - $1,800

Total Monthly Price$1,325 - $1,800
1 to 2 Bedroom Apartments Available Now

1710 Lofts

1710 E Franklin StRichmond, VA 23223
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Cary Belvidere Apartments
$1,335 - $1,895

Total Monthly Price

Base Rent$1,335 - $1,895

Total Monthly Price$1,335 - $1,895
12 Month Lease Term
Studio to 2 Bedroom Apartments Available Now

Cary Belvidere Apartments

601 W Cary StRichmond, VA 23220
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The Bakery
Rent Specials
$1,350 - $2,360

Total Monthly Price

Base Rent$1,350 - $2,360

Total Monthly Price$1,350 - $2,360
12 Month Lease Term
1 to 2 Bedroom Apartments Available Now

The Bakery

127 N 17th StRichmond, VA 23219
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Deco at CNB
$1,350 - $2,125

Total Monthly Price

Base Rent$1,344 - $2,119
Required Monthly FeesVaries

Total Monthly PriceVaries
Studio to 2 Bedroom Apartments Available Now

Deco at CNB

219 E Broad StRichmond, VA 23219
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1118 Grove Ave
$1,350 - $1,900

Total Monthly Price

Base Rent$1,350 - $1,900

Total Monthly Price$1,350 - $1,900
12 Month Lease Term
1 to 3 Bedroom Apartments Available Now

1118 Grove Ave

1118 Grove AveRichmond, VA 23220
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Overview
$1,359 - $2,212

Total Monthly Price

Base Rent$1,359 - $2,212

Total Monthly Price$1,359 - $2,212
1 to 2 Bedroom Apartments Available Now

Overview

1817 E Main StRichmond, VA 23223
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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.

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The Edgar at Linden Row
$1,366

Total Monthly Price

Base Rent$1,360
Required Monthly FeesVaries

Total Monthly PriceVaries
Studio to 1 Bedroom Apartments Available Dec 5

The Edgar at Linden Row

114 E Franklin StRichmond, VA 23219
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The Cooperage
Rent Specials
$1,375 - $3,807

Total Monthly Price

Base Rent$1,375 - $3,807

Total Monthly Price$1,375 - $3,807
1 to 2 Bedroom Apartments Available Now

The Cooperage

1650 Overbrook RdRichmond, VA 23220
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1 Scott's Addition
Rent Specials
$1,395 - $2,463

Total Monthly Price

Base Rent$1,395 - $2,463

Total Monthly Price$1,395 - $2,463
1 to 2 Bedroom Apartments Available Now

1 Scott's Addition

3031 Norfolk StRichmond, VA 23230
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property at 217 E Grace St
$1,395

Total Monthly Price

Base Rent$1,395

Total Monthly Price$1,395
1 Bedroom, 1 Bath Home for Rent
Available Now

217 E Grace St

RichmondVA23219
property at 1707 Colorado Ave
$1,395 - $1,850

Total Monthly Price

Base Rent$1,395

Total Monthly Price$1,395
2 To 3 Bedroom Rentals
Available Now

1707 Colorado Ave

RichmondVA23220
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Soda Flats
Rent Specials
$1,397 - $2,314

Total Monthly Price

Base Rent$1,397 - $2,314

Total Monthly Price$1,397 - $2,314
1 to 2 Bedroom Apartments Available Now

Soda Flats

2820 W Broad StRichmond, VA 23230
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The 1805
Rent Specials
$1,399 - $2,205

Total Monthly Price

Base Rent$1,399 - $2,205

Total Monthly Price$1,399 - $2,205
Studio to 2 Bedroom Apartments Available Sep 26

The 1805

1805 Monument AveRichmond, VA 23220
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The Locks Tower
$1,424 - $5,164

Total Monthly Price

Base Rent$1,424 - $5,164

Total Monthly Price$1,424 - $5,164
1 to 2 Bedroom Apartments Available Now

The Locks Tower

1001 E Byrd StRichmond, VA 23219
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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.

property at 205 E Broad St
$1,425

Total Monthly Price

Base Rent$1,425

Total Monthly Price$1,425
2 Bedroom, 2 Bath Home for Rent
Available Now

205 E Broad St

RichmondVA23219
property at 2014 Idlewood Ave
$1,428

Total Monthly Price

Base Rent$1,428

Total Monthly Price$1,428
2 Bedroom, 1 Bath Home for Rent
Available Now

2014 Idlewood Ave

RichmondVA23220
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One Canal Apartments
$1,431 - $1,646

Total Monthly Price

Base Rent$1,425 - $1,640
Required Monthly FeesVaries

Total Monthly PriceVaries
1 to 2 Bedroom Apartments Available Now

One Canal Apartments

108 S 1st StRichmond, VA 23219
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The Carousel
Rent Specials
$1,442 - $2,674

Total Monthly Price

Base Rent$1,442 - $2,674

Total Monthly Price$1,442 - $2,674
Studio to 2 Bedroom Apartments Available Now

The Carousel

2400 Grayland AveRichmond, VA 23220
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Broadway Apartments
Rent Specials
$1,466 - $1,687

Total Monthly Price

Base Rent$1,466 - $1,687

Total Monthly Price$1,466 - $1,687
12 Month Lease Term
1 to 2 Bedroom Apartments Available Now

Broadway Apartments

312 E Broad StRichmond, VA 23219
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property at 1711 Colorado Ave
$1,475

Total Monthly Price

Base Rent$1,475

Total Monthly Price$1,475
2 Bedroom, 1.5 Bath Home for Rent
Available Now

1711 Colorado Ave

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.

property at 2422 Barton Ave
$1,495

Total Monthly Price

Base Rent$1,495

Total Monthly Price$1,495
3 Bedroom, 1 Bath Home for Rent
Available Now
Cost Per Sq.Ft.

2422 Barton Ave

RichmondVA23222
property at 1104 S Lombardy St
$1,500

Total Monthly Price

Base Rent$1,500

Total Monthly Price$1,500
2 Bedroom, 1 Bath Home for Rent
Available Now

1104 S Lombardy St

RichmondVA23220
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Mortons Apartments
$1,500 - $1,699

Total Monthly Price

Base Rent$1,500 - $1,699

Total Monthly Price$1,500 - $1,699
1 to 2 Bedroom Apartments Available Now

Mortons Apartments

213 E Broad StRichmond, VA 23219
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The Icon
$1,505 - $4,090

Total Monthly Price

Base Rent$1,505 - $4,090

Total Monthly Price$1,505 - $4,090
1 to 2 Bedroom Apartments Available Now

The Icon

1209 Mactavish AveRichmond, VA 23230
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The Mezzo Lofts
Rent Specials
$1,511 - $2,813

Total Monthly Price

Base Rent$1,511 - $2,813

Total Monthly Price$1,511 - $2,813
Studio to 3 Bedroom Apartments Available Now

The Mezzo Lofts

27 W Broad StRichmond, VA 23220
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The Locks
$1,521 - $3,184

Total Monthly Price

Base Rent$1,521 - $3,184

Total Monthly Price$1,521 - $3,184
1 to 2 Bedroom Apartments Available Now

The Locks

311 S 11th StRichmond, VA 23219
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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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The Russell
Rent Specials
$1,536 - $4,161

Total Monthly Price

Base Rent$1,445 - $4,070
Required Monthly FeesVaries

Total Monthly PriceVaries
Studio to 3 Bedroom Apartments Available Dec 10

The Russell

2700 W Leigh StRichmond, VA 23230
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SYMBOL Scotts Addition
Rent Specials
$1,550 - $5,020

Total Monthly Price

Base Rent$1,550 - $5,020

Total Monthly Price$1,550 - $5,020
1 to 2 Bedroom Apartments Available Now

SYMBOL Scotts Addition

1814 Highpoint AveRichmond, VA 23230
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414 N Sheppard St
$1,550 - $1,750

Total Monthly Price

Base Rent$1,550 - $1,750

Total Monthly PriceVaries
12 Month Lease Term
1 to 2 Bedroom Apartments Available Now

414 N Sheppard St

414 N Sheppard StRichmond, VA 23221
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203 N Plum St, Unit 4
$1,550

Total Monthly Price

Base Rent$1,550

Total Monthly Price$1,550
12 Month Lease Term
2 Bedroom Apartment Available Now

203 N Plum St, Unit 4

203 N Plum StRichmond, VA 23220
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property at 3204 Hanover Ave
$1,550

Total Monthly Price

Base Rent$1,550

Total Monthly Price$1,550
1 Bedroom, 1 Bath Home for Rent
Available Now

3204 Hanover Ave

RichmondVA23221

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.

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

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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.

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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.

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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.

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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

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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.

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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.

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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.

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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.