
Cheap Apartments for Rent in the Downtown Richmond Neighborhood of Richmond, VA from $395 (265 Rentals) Page 2 of 6
Search the lowest-cost Apartments available for rent right now in the Downtown Richmond area of Richmond.


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1710 Lofts

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Cary Belvidere Apartments

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The Collection of Historic Richmond

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1005 Grove Ave Apartments

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The Bakery

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Deco at CNB

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1118 Grove Ave

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Overview

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Georgetown Apartments
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

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Mutual on Main Apartments

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The Cooperage

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1 Scott's Addition

217 E Grace St

1707 Colorado Ave

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Soda Flats

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The 1805

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The Nest Scott's Addition

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The Locks Tower
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.

205 E Broad St

2014 Idlewood Ave

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One Canal Apartments

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The Carousel

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The Gallery Midtown Apartments

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2033 W Broad St

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Cooper Lofts

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Broadway Apartments

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1111 N Thompson St

1711 Colorado Ave
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.

2422 Barton Ave

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Georgetown Apartments

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NOVEL Scott's Addition by Crescent Communities

1104 S Lombardy St

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Mortons Apartments

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The Icon

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The Scout Scotts Addition

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The Mezzo Lofts

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525 E Grace St, Unit 302

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The Locks
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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INK at Scott's Collection

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The Russell

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7 East Franklin

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The Loop at Midtown

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Avenue C Apartments

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SYMBOL Scotts Addition

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414 N Sheppard St

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203 N Plum St, Unit 4

3204 Hanover Ave

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2810 Griffin Ave, Unit Rosetta
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.
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 | $1,530 | $849 | $2,741 |
| Downtown Richmond 1 Bedroom Apartments | $1,805 | $799 | $8,677 |
| Downtown Richmond 2 Bedroom Apartments | $2,356 | $945 | $10,000+ |
| Downtown Richmond 3 Bedroom Apartments | $2,463 | $825 | $4,554 |
| Downtown Richmond 4 Bedroom Apartments | $1,155 | $690 | $1,265 |
Browse Apartments in this Neighborhood
There are currently 265 rentals with your search options within a 1 mile radius of the Downtown Richmond Neighborhood of Richmond, VA.
See all Apartments in RichmondExplore Richmond
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

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.

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.

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.

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.