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$995Studio Apartments Available Now
714 N Arthur Ashe Blvd, Unit C
714 N Arthur Ashe BlvdRichmond, VA 23220
Cheap Homes for Rent in the Downtown Richmond Neighborhood of Richmond, VA from $1,100 (26 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Richmond area of Richmond.
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$1,195Studio Apartments Available Now
311 W Franklin St, Unit 1105
311 W Franklin StRichmond, VA 23220
421 W Grace St
RichmondVA23220
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$1,1952 Bedroom Apartments Available Aug 10
400 W Grace St, Unit 3
400 W Grace StRichmond, VA 23220
405 N Madison St
RichmondVA23220
301 Goshen St
RichmondVA23220
The Richmond Renter's Guide to Living Near Work
Get the inside scoop on Richmond's most livable neighborhoods and find the perfect apartment close to where you work. Our local expert breaks it all down by the city's top employers like VCU Health and Costar.
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$1,2951 Bedroom Apartments Available Aug 5
110 S 15th St, Unit 210
110 S 15th StRichmond, VA 23219
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$1,2951 Bedroom Apartments Available Now
311 W Franklin St, Unit 911
311 W Franklin StRichmond, VA 23220
1915 Miller Ave
RichmondVA23222
1101 W Grace St
RichmondVA23220
303 S Arthur Ashe Blvd, Unit 8
303 S Arthur Ashe Blvd
RichmondVA23220
501 E Brookland Park Blvd
RichmondVA23222
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.
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$1,462
Total Monthly Price
1 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,450
Required Monthly Fees
$12
Total Monthly Price
$1,462
525 E Grace St, Unit 201
525 E Grace StRichmond, VA 23219
1828 Parkwood Ave
RichmondVA23220
2922 Noble Ave
RichmondVA23222
319 N 2nd St, Unit B
319 N 2nd St
RichmondVA23219
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$1,5953 Bedroom Apartments Available Aug 10
505 W Grace St, Unit A
505 W Grace StRichmond, VA 23220
1412 Winder St
RichmondVA23220
Explore The River City Like a Local: The Insider's Guide to Renting in Richmond, VA
Thinking of moving to Richmond, VA? Learn why "The River City" is a perfect blend of big-city amenities and small-town charm, offering a low cost of living, minimal traffic, and a rich cultural scene.
1101 Haxall Point
RichmondVA23219
1106 Althea Pkwy
RichmondVA23222
709 Idlewood Ave
RichmondVA23220
20 S Plum St
RichmondVA23220
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$1,6952 Bedroom Apartments Available Aug 10
223 S Cherry St, Unit 1C
223 S Cherry StRichmond, VA 23220
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$1,7001 Bedroom Apartments Available Now
1613 W Grace St
1613 W Grace StRichmond, VA 23220
Richmond’s Best Affordable Neighborhoods
Learn about Richmond and the best affordable places to live by our Local Expert Richard Corrigan
9a S Adams St
RichmondVA23220
7 S Adams St
RichmondVA23220
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Downtown Richmond, Richmond, VA Local Guide
How much does it cost to rent a home in Downtown Richmond?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Richmond 2 Bedroom Homes for Rent | $1,871 | $1,195 | $3,000 |
| Downtown Richmond 3 Bedroom Homes for Rent | $2,646 | $1,695 | $4,200 |
| Downtown Richmond 4 Bedroom Homes for Rent | $2,698 | $2,200 | $3,300 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Homes for Rent in this Neighborhood
There are currently 26 rentals with your search options within a 1 mile radius of the Downtown Richmond Neighborhood of Richmond, VA.
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Downtown Richmond, Richmond, VA Local Guide
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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 11 E Broad St priced from $749. Bloom Apartments II has the second lowest priced unit, which is a 1 Bed apartment currently listed from $799. Here are the most affordable Downtown Richmond apartments for rent in Richmond, VA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 11 E Broad St | 1 Beds, 1 Baths | 1BR,1BA | $749 |
| Bloom Apartments II | 1Bed/1Bath: 456 sq ft | 1BR,1BA | $799 |
| Oxford Square Apartments | 1 Beds, 1 Baths | 1BR,1BA | $895 |
| Lofts and Upper Lofts at Canal Walk III | Studio | Studio,1BA | $900 |
| 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 | $1,055 |
| The Edison | Studio | Studio,1BA | $1,090 |
| 209 E Main St | Unit 4,6,8 | 1BR,1BA | $1,100 |
Best Value Apartments for Rent in Downtown Richmond, VA
As of July 26, 2026 the best value apartment in the Downtown Richmond area is the $0.62 price per square foot 2509 Seminary Ave Model at 2509 Seminary Ave, Unit # B in the in the Bellevue neighborhood starting from $1,395. The second greatest value Downtown Richmond apartment is the Broad St W 200 - 202 Model at Broad St W 200 starting at $2,300 with a $1.39 price per square foot in the Downtown Richmond 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. |
|---|---|---|---|
| 2509 Seminary Ave, Unit # B | 2509 Seminary Ave | 2BR,1BA | $0.62 |
| Broad St W 200 | Broad St W 200 - 202 | 3BR,2BA | $1.39 |
| 1301 Idlewood Ave, Unit 1301 | 1301 Idlewood Ave | 4BR,2BA | $0.58 |
| Marshall Park | 4x2 - Priced Per Bedroom | 4BR,2BA | $0.48 |
| 16 W Broad St, Unit Apartment 1 | 16 W Broad St | 3BR,2BA | $1.36 |
| Broadway Apartments | Two Bed Two Bath | 2BR,2BA | $1.31 |
| Miller and Rhoads Residences | 1 Bedroom 1.5 Bath | 1BR,1.5BA | $1.37 |
| Marshall Street Apartments | 1 Bedroom / 1 Bath - 632sqft | 1BR,1BA | $1.33 |
| Mortons Apartments | 1BR/1.0BA | 1BR,1BA | $1.32 |
| 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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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 LifestyleDowntown Richmond, Richmond, VA
Ranked #10
Among cities in Virginia for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Frequently Asked Questions about Downtown Richmond
What type of rentals are currently available in Downtown Richmond?
There are currently 748 Apartments for Rent in Downtown Richmond, VA with pricing that ranges from $710 to $17,402. There are also 88 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Richmond ranging from $1,195 to $4,200.
What is the current price range for Rental Homes in Downtown Richmond?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Richmond ranges from $1,195 to $4,200 with an average monthly rent of $2,170.
How much are larger Three and Four Bedroom Rentals in Downtown Richmond?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Downtown Richmond range from $810 to $17,402, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,695 to $4,200. Four Bedroom Single-Family rentals are also available starting from $2,200 and Four Bedroom Apartments start at $710.
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.
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Rent According to Income: A Look at Income-Restricted Rentals
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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.
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.
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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.