Cheap Homes for Rent in Downtown Richmond Neighborhood of Richmond, VA from $1,100 (33 Rentals)

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

property at 300 S Arthur Ashe Blvd

$1,195

Total Monthly Price

Total Monthly Price

Base Rent
$1,195
Total Monthly Price
$1,195

1 Bedroom, 1 Bath Condo for Rent

Available May 15

300 S Arthur Ashe Blvd

RichmondVA23220
property at 200 Minor St

$1,295

Total Monthly Price

Total Monthly Price

Base Rent
$1,295
Total Monthly Price
$1,295

3 Bedroom, 1 Bath Condo for Rent

Available May 15

200 Minor St

RichmondVA23222

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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property at 2408 W Cary St

$1,295

Total Monthly Price

Total Monthly Price

Base Rent
$1,295
Total Monthly Price
$1,295

1 Bedroom, 1 Bath Condo for Rent

Available Jun 15

2408 W Cary St

RichmondVA23220
property at 301 Goshen St

$1,295 - $1,495

Total Monthly Price

Total Monthly Price

Base Rent
$1,295
Total Monthly Price
$1,295

1 Bedroom Rentals

Available Now

301 Goshen St

RichmondVA23220
property at 3303 Branch Ave

$1,300

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,300
Total Monthly Price
$1,300

3 Bedroom, 1 Bath Townhome for Rent

Available Now

3303 Branch Ave

RichmondVA23222
property at 9 S Brunswick St

$1,350

Total Monthly Price

Total Monthly Price

Base Rent
$1,350
Total Monthly Price
$1,350

1 Bedroom, 1 Bath Condo for Rent

Available Aug 10

9 S Brunswick St

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.

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property at 1814 Westwood Ave

$1,450

Total Monthly Price

Total Monthly Price

Base Rent
$1,450
Total Monthly Price
$1,450

3 Bedroom, 2 Bath Home for Rent

Available Now

1814 Westwood Ave

RichmondVA23227

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.

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property at 210 N Stafford Ave

$1,500

Total Monthly Price

Total Monthly Price

Base Rent
$1,500
Total Monthly Price
$1,500

2 Bedroom Rentals

Available May 10

210 N Stafford Ave

RichmondVA23220
property at 516 N 3rd St

$1,550

Total Monthly Price

Total Monthly Price

Base Rent
$1,550
Total Monthly Price
$1,550

2 Bedroom, 1 Bath Townhome for Rent

Available Now

516 N 3rd St

RichmondVA23219
property at 800 W Cary St

$1,695

Total Monthly Price

Total Monthly Price

Base Rent
$1,695
Total Monthly Price
$1,695

1 Bedroom, 1 Bath Condo for Rent

Available Jul 10

800 W Cary St

RichmondVA23284

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.

Read Article
property at 806 W Cary St

$1,695

Total Monthly Price

Total Monthly Price

Base Rent
$1,695
Total Monthly Price
$1,695

1 Bedroom, 1 Bath Condo for Rent

Available Now

806 W Cary St

RichmondVA23220
Showing Results 1-33, Page 1 of 1

Downtown Richmond, Richmond, VA Local Guide

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 Bloom Apartments II priced from $849. Eagle Mill Lofts has the second lowest priced unit, which is a 2 Beds apartment currently listed from $950. Here are the most affordable Downtown Richmond apartments for rent in Richmond, VA:

Apartment ListingModel NameBed/BathPriced From
Bloom Apartments II1Bed/1Bath: 463 sq ft1BR,1BA$849
Eagle Mill Lofts2bed 1bth2BR,1BA$950
The Hill BuildingStudioStudio,1BA$995
Van de VyverThe ReserveStudio,1BA$998
The Foundry ApartmentsOne Bedroom1BR,1BA$1,013
Market Villas1 Bedroom 1 Bath - 412871BR,1BA$1,021
Towers on FranklinHarrisonStudio,1BA$1,035
Shockoe CommonsSCommons-A21BR,1BA$1,043
The Stables1 Bedroom 1 Bathroom1BR,1BA$1,055
Flats at 14th0 Bedroom 1 Bath - 31684Studio,1BA$1,081

Best Value Apartments for Rent in Downtown Richmond, VA

As of April 26, 2026 the best value apartment in the Downtown Richmond area is the $0.66 price per square foot 2509 Seminary Ave Model at 2509 Seminary Ave, Unit # B in the in the Bellevue neighborhood starting from $1,475. The second greatest value Downtown Richmond apartment is the Downtown Double Suite Model at The Berkshire starting at $2,680 with a $1.44 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 ListingModel NameBed/BathPrice Per Sq.Ft.
2509 Seminary Ave, Unit # B2509 Seminary Ave2BR,1BA$0.66
The BerkshireDowntown Double Suite2BR,2BA$1.44
Marshall Park4x2 - Priced Per Bedroom4BR,2BA$0.51
Lofts and Upper Lofts at Canal Walk - Canal I and Canal IICanal 236 1 Bed1BR,1BA$0.93
10 Walnut Alley2 Bedroom 2 Bath - 300042BR,2BA$1.46
110 E Cary St2 Beds 1 Bath2BR,1BA$1.26
209 E Main StUnit 208A2BR,1BA$1.36
210 E Grace St2 Bed/2 Bath2BR,2BA$1.35
Lofts and Upper Lofts at Canal Walk IIIOne Bedroom1BR,1BA$1.29
Miller and Rhoads Residences1 Bedroom1BR,1BA$1.39

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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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 Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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 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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Quick Rent Budget Calculator

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 Downtown Richmond

What type of rentals are currently available in Downtown Richmond?

There are currently 705 Apartments for Rent in Downtown Richmond, VA with pricing that ranges from $655 to $8,519. There are also 116 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Richmond ranging from $1,195 to $3,950.

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 $3,950 with an average monthly rent of $2,485.

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 $779 to $3,800, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,295 to $3,950. Four Bedroom Single-Family rentals are also available starting from $2,062 and Four Bedroom Apartments start at $729.

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

decorative image for A Local Experts Guide To the Top Budget-Friendly Neighborhoods to Rent in Richmond, VA article

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.

decorative image for Your Guide to Picking the Perfect Richmond Neighborhood for Student Renters article

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.

decorative image for Explore The River City Like a Local: The Insiders Guide to Renting in Richmond, VA article

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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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.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.