Cheap Studio Apartments for Rent in the Downtown Richmond Neighborhood of Richmond, VA from $849 (36 Rentals)

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Towers on Franklin
Rent Specials
$990 - $1,200
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$980 - $1,884
Required Monthly Fees
$145
Total Monthly Price
$1,125 - $2,029
Studio Apartments Available Jun 2

Towers on Franklin

104 W Franklin StRichmond, VA 23220
Student Housing
  • Verified
  • Customer Reviewed
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Coliseum Lofts
Rent Specials
$1,092 - $1,296
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,092 - $2,869
Required Monthly Fees
$12
Total Monthly Price
$1,104 - $2,881
Studio Apartments Available Aug 13

Coliseum Lofts

1335-1387 W Broad StRichmond, VA 23220
Student Housing
  • Verified
  • Customer Reviewed
  • Utilities Included

Genius Ideas and Studio Layout Tips That Maximize Every Square Inch

Transform your studio apartment layout and maximize storage. Get proven ideas from a 20-year property expert to make any small space stylish and functional.

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T and E Apartments
Rent Specials
$1,150
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,150 - $2,195
Total Monthly Price
$1,150 - $2,195
Studio Apartments Available Jul 31

T and E Apartments

1011 W Marshall StRichmond, VA 23220
Transit Friendly
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  • Smoke Free
property at 3 N 18th St

$1,150

Total Monthly Price

Total Monthly Price

Base Rent
$1,150
Total Monthly Price
$1,150

Studio, 1 Bath Home for Rent

Available Now

3 N 18th St

RichmondVA23223

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Create a productive work-from-home apartment setup, even in a small space or studio. Discover layout ideas, desk solutions, and organization tips that actually work.

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2910 Chamberlayne
Studio Apartments

2910 Chamberlayne

2907-2927 Chamberlayne AveRichmond, VA 23222
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2700 Idlewood Ave
Studio Apartments

2700 Idlewood Ave

2700 Idlewood AveRichmond, VA 23220
Senior Living
  • Utilities Included
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Jernigin Hall
Studio Apartments

Jernigin Hall

314 W Grace StRichmond, VA 23220
Student Housing
  • Utilities Included

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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MacTavish Flats
Studio Apartments

MacTavish Flats

1302 MacTavish AveRichmond, VA 23230
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Pine Court I
Studio Apartments

Pine Court I

707 W Cary StRichmond, VA 23220
Student Housing
  • Utilities Included
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Pine Court II
Studio Apartments

Pine Court II

611 W Cary StRichmond, VA 23220
Student Housing
  • Utilities Included
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The Parkwood
Studio Apartments

The Parkwood

3003 Parkwood AveRichmond, VA 23221
Student Housing
  • Utilities Included
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The Jackson on Broad
Studio Apartments

The Jackson on Broad

20-22 E Broad StRichmond, VA 23219
  • Utilities Included

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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Showing Results 1-36, Page 1 of 1

Downtown Richmond, Richmond, VA Local Guide

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

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Real 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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Pet Friendly Lifestyle
Downtown Richmond, Richmond, VA

Ranked #10

Among cities in Virginia for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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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 $1,164.

What is the price of a cheap apartment in Downtown Richmond?

The cheapest apartment in Downtown Richmond is The Hill Building which is listed at $995, while the average apartment in Downtown Richmond costs $2,099.

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 150 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 $510 which is $1,589 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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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.

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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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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.

Articles, How-To's, and Tips

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Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.