
Cheap Homes for Rent in Downtown Richmond Neighborhood of Richmond, VA from $800 (32 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Richmond area of Richmond.


3209 Ellwood Ave

204 W Broad St
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.

303 S Arthur Ashe Blvd, Unit 8

1333 W Broad St

2705 Hanover Ave

230 N 6th St

1101 W Grace St
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.

3212 Ellwood Ave

2922 Noble Ave

319 N 2nd St, Unit B

210 N Stafford Ave

3325 North Ave
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.

800 W Cary St

10 S Laurel St

806 W Cary St

107 S Meadow St

701 N Hamilton St
Richmond’s Best Affordable Neighborhoods
Learn about Richmond and the best affordable places to live by our Local Expert Richard Corrigan

516 N 3rd St
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 | $2,256 | $1,495 | $4,950 |
Downtown Richmond 3 Bedroom Homes for Rent | $2,619 | $1,575 | $5,800 |
Downtown Richmond 4 Bedroom Homes for Rent | $2,828 | $2,199 | $3,999 |
Downtown Richmond 5 Bedroom Homes for Rent | $3,198 | $2,750 | $3,550 |
Browse Homes for Rent in this Neighborhood
There are currently 32 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 Bloom Apartments II priced from $899. Towers on Franklin has the second lowest priced unit, which is a Studio apartment currently listed from $900. Here are the most affordable Downtown Richmond apartments for rent in Richmond, VA:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Bloom Apartments II | 1Bed/1Bath: 456 sq ft | 1BR,1BA | $899 |
Towers on Franklin | Gold | Studio,1BA | $900 |
Eagle Mill Lofts | 2bed 1bth | 2BR,1BA | $950 |
Van de Vyver | The Reserve | Studio,1BA | $998 |
The Foundry Apartments | One Bedroom | 1BR,1BA | $1,013 |
The Stables | 1 Bedroom 1 Bathroom | 1BR,1BA | $1,055 |
Coliseum Lofts | E1 | Studio,1BA | $1,071 |
210 E Grace St | 1bed/1bath | 1BR,1BA | $1,100 |
T and E Apartments | 0 Bed 1 Bath | Studio,1BA | $1,130 |
Parc View at Commonwealth | D5 - Penthouse | 4BR,4BA | $1,145 |
Best Value Apartments for Rent in Downtown Richmond, VA
As of July 25, 2025 the best value apartment in the Downtown Richmond area is the $0.51 price per square foot 4x2 - Priced Per Bedroom Model at Marshall Park in the in the Downtown Richmond neighborhood starting from $750. The second greatest value Downtown Richmond apartment is the 2BR/2.0BA Model at Park Plaza @ Belvidere starting at $2,033 with a $1.45 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. |
---|---|---|---|
Marshall Park | 4x2 - Priced Per Bedroom | 4BR,2BA | $0.51 |
Park Plaza @ Belvidere | 2BR/2.0BA | 2BR,2BA | $1.45 |
1300 Grove Ave, Unit 3 | 1300 Grove Ave | 2BR,1BA | $1.17 |
Lofts and Upper Lofts at Canal Walk | Canal 236 2 Beds | Studio ,1BA | $1.31 |
Iron House Apartments | 3 Bedroom 2 Bath | 3BR,2BA | $1.32 |
1710 East Franklin Street | 1BR/1.0BA | 1BR,1BA | $1.03 |
Raven Place | B1.1 | 2BR,2BA | $1.47 |
1510 W Broad St - Residential | 2BR/2.0BA | 2BR,2BA | $1.54 |
The Corner Lofts - 1321 E. Main St. | 1BR/1.0BA | 1BR,1BA | $1.50 |
1407 E Cary Street | 1 Beds, 1 Baths | 1BR,1BA | $1.55 |
Quick Rent Budget Calculator
How much rent can you afford?
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Frequently Asked Questions about Downtown Richmond
What type of rentals are currently available in Downtown Richmond?
There are currently 716 Apartments for Rent in Downtown Richmond, VA with pricing that ranges from $599 to $9,028. There are also 122 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Richmond ranging from $800 to $5,800.
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 $800 to $5,800 with an average monthly rent of $2,238.
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 $8,816, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,575 to $5,800. Four Bedroom Single-Family rentals are also available starting from $2,199 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.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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.