2001 W Grace St
RichmondVA23220
Cheap Homes for Rent in Downtown Richmond Neighborhood of Richmond, VA from $700 (28 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Richmond area of Richmond.
100 W Marshall St
RichmondVA23220
1703 Lamb Ave
RichmondVA23222
411 W Duval St
RichmondVA23220
204 W Broad St
RichmondVA23220
close
View Me
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.
1333 W Broad St
RichmondVA23220
319 N 2nd St, Unit B
319 N 2nd St
RichmondVA23219
close
View Me
123 E Broad St
RichmondVA23219
301 Virginia St
RichmondVA23219
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
1828 Parkwood Ave
RichmondVA23220
210 N Stafford Ave, Unit 4
210 N Stafford Ave
RichmondVA23220
1210 Wallace St
RichmondVA23220
close
View Me
800 W Cary St
RichmondVA23284
10 S Laurel St
RichmondVA23220
806 W Cary St
RichmondVA23220
Richmond’s Best Affordable Neighborhoods
Learn about Richmond and the best affordable places to live by our Local Expert Richard Corrigan
close
View Me
close
View Me
close
View Me
close
View Me
close
View Me
close
View Me
close
View Me
212 W Franklin St
RichmondVA23220
711 W Broad St
RichmondVA23220
Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
close
View Me
Showing Results 1-28, Page 1 of 1
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 | $2,024 | $1,100 | $4,950 |
| Downtown Richmond 3 Bedroom Homes for Rent | $2,606 | $1,900 | $3,800 |
| Downtown Richmond 4 Bedroom Homes for Rent | $2,727 | $800 | $3,500 |
| Downtown Richmond 5 Bedroom Homes for Rent | $3,488 | $3,195 | $3,800 |
| Downtown Richmond 6 Bedroom Homes for Rent | $750 | $750 | $750 |
Browse Homes for Rent in this Neighborhood
There are currently 28 rentals with your search options within a 1 mile radius of the Downtown Richmond Neighborhood of Richmond, VA.
Explore Richmond
Downtown Richmond, Richmond, VA Local Guide
- Nearby Richmond neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Downtown Richmond Apartments for Rent
The cheapest available apartment rental in the Downtown Richmond area of Richmond, VA is a 3 Beds unit found at Chesterfield Apartments priced from $845. Bloom Apartments II has the second lowest priced unit, which is a 1 Bed apartment currently listed from $849. Here are the most affordable Downtown Richmond apartments for rent in Richmond, VA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Chesterfield Apartments | THE LINDEN FLOOR PLAN - SUITE III | 3BR,1BA | $845 |
| Bloom Apartments II | 1Bed/1Bath: 463 sq ft | 1BR,1BA | $849 |
| Eagle Mill Lofts | 2bed 1bth | 2BR,1BA | $950 |
| Van de Vyver | The Reserve | Studio,1BA | $998 |
| The Mezzo Lofts | Mosaic Gallery - 1 Bedroom 1 Bath | 1BR,1BA | $1,070 |
| Shockoe Commons | A2 | 1BR,1BA | $1,075 |
| Towers on Franklin | Cary | 1BR,1BA | $1,092 |
| 1407 E Cary Street | 1 Beds, 1 Baths | 1BR,1BA | $1,099 |
| The Edison Apartments | 1XA | 1BR,1BA | $1,105 |
| The Corner Lofts - 1321 E. Main St. | 1BR/1.0BA | 1BR,1BA | $1,122 |
Best Value Apartments for Rent in Downtown Richmond, VA
As of June 03, 2025 the best value apartment in the Downtown Richmond area is the $1.60 price per square foot 516 S Laurel St Model at 516 S Laurel St, Unit A - Townhouse in the in the Near West neighborhood starting from $2,400. The second greatest value Downtown Richmond apartment is the 4x2 - Priced Per Bedroom Model at Marshall Park starting at $750 with a $0.51 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. |
|---|---|---|---|
| 516 S Laurel St, Unit A - Townhouse | 516 S Laurel St | 2BR,1BA | $1.60 |
| Marshall Park | 4x2 - Priced Per Bedroom | 4BR,2BA | $0.51 |
| Park Plaza @ Belvidere | 2BR/2.0BA | 2BR,2BA | $1.34 |
| 1706 Floyd Ave, Unit B | 1706 Floyd Ave | 2BR,1BA | $1.63 |
| Raven Place | B1.1 | 2BR,2BA | $1.47 |
| 1407 E Cary Street | 1 Beds, 1 Baths | 1BR,1BA | $1.11 |
| The Berkshire | Park | 1BR,1BA | $1.34 |
| 1710 East Franklin Street | 1BR/1.0BA | 1BR,1BA | $1.57 |
| 1510 W Broad St - Residential | 2BR/1.0BA | 2BR,1BA | $1.69 |
| Revival Apartments | 1 Bedroom 1 Bath | 1BR,1BA | $1.69 |
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.
Let everyone know!
Do you know the Downtown Richmond area?
If you’re an expert on all things Downtown Richmond, tell us what you love (and don't) by rating it and writing a review.
Write a Review
Frequently Asked Questions about Downtown Richmond
What type of rentals are currently available in Downtown Richmond?
There are currently 703 Apartments for Rent in Downtown Richmond, VA with pricing that ranges from $599 to $8,999. There are also 129 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Richmond ranging from $750 to $4,950.
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 $750 to $4,950 with an average monthly rent of $2,057.
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 $699 to $8,464, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,900 to $3,800. Four Bedroom Single-Family rentals are also available starting from $800 and Four Bedroom Apartments start at $599.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.
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.
The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.
The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.