
Cheap Apartments for Rent in the Downtown Richmond Neighborhood of Richmond, VA from $395 (265 Rentals) Page 5 of 6
Search the lowest-cost Apartments available for rent right now in the Downtown Richmond area of Richmond.


12 E Main St

Osprey Lofts

200 Minor Street Quad

Hammond Lofts

Century Flats

CT Russell Apartments

2 E Broad St

18th Street Lofts

Claiborne Court Apartments

Stuart and Davis

The Jewelry Building

The Flats at Canal Crossing

South Arthur Apartments

3012 Monument Ave.*

2832 Monument Ave.*

Pierce Arrow

10 Walnut Alley

1106 Althea Pkwy

8th and Main - All Utilities Included

The Buggy Factory

Graham Court Townhomes

3301 Grove Avenue

2 N. Dooley Ave.

805W Lofts

Logan House Apartments

Grace Street 306 E

Exchange Place

Centennial Apartments

Argon

Revival

Dominion Place

Eclipse Apartments

2614 Grove Avenue

The Simon Cycle Building

2922 Noble Ave

1107 W Grace St

110 E Cary St

1523 W Cary St

The Birches

1106 West Franklin St

Kensington Court

The Lofts at Shockoe Slip

Ginter Park Apartment Portfolio

800 N. Sheppard St.

3530 Grove Avenue

900 St James St

Matrix Midtown

808 N Arthur Ashe Blvd

1123-25-27 West Grace Street
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.
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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.