411 S Harrison St
RichmondVA23220
Cheap Homes for Rent in Downtown Richmond Neighborhood of Richmond, VA from $700 (47 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Richmond area of Richmond.
603 Chamberlayne Pky
RichmondVA23220
605 Spring St, Unit J
605 Spring St
RichmondVA23220
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$962
Total Monthly Price
1 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$900
Required Monthly Fees
$62
Total Monthly Price
$962
3114 Barton Ave, Unit Apt B
3114 Barton AveRichmond, VA 23222
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$1,187
Total Monthly Price
Studio Apartments Available NowTotal Monthly Price
Base Rent
$1,175
Required Monthly Fees
$12
Total Monthly Price
$1,187
17 W Main St, Unit 203
17 W Main StRichmond, VA 23220
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$1,195Studio Apartments Available Jul 1
302 Goshen St, Unit 103
302 Goshen StRichmond, VA 23220
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$1,1951 Bedroom Apartments Available Aug 15
3210 Ellwood Ave, Unit D
3210 Ellwood AveRichmond, VA 23221
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$1,195Studio Apartments Available Jul 5
302 Goshen St, Unit 104
302 Goshen StRichmond, VA 23220
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$1,195Studio Apartments Available Now
311 W Franklin St, Unit 1105
311 W Franklin StRichmond, VA 23220
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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$1,2502 Bedroom Apartments Available Aug 10
501 W Grace St, Unit B
501 W Grace StRichmond, VA 23220
1414 W Marshall St, Unit 502
1414 W Marshall St
RichmondVA23220
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$1,2951 Bedroom Apartments Available Now
1011 W Marshall St, Unit 212
1011 W Marshall StRichmond, VA 23220
123 E Broad St
RichmondVA23219
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$1,2952 Bedroom Apartments Available Now
3206 Ellwood Ave, Unit C
3206 Ellwood AveRichmond, VA 23221
301 Goshen St
RichmondVA23220
1101 W Marshall St
RichmondVA23220
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$1,3502 Bedroom Apartments Available Aug 10
400 W Grace St, Unit 3
400 W Grace StRichmond, VA 23220
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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$1,3502 Bedroom Apartments Available Aug 10
507 W Grace St, Unit C
507 W Grace StRichmond, VA 23220
421 W Grace St
RichmondVA23220
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$1,3502 Bedroom Apartments Available Aug 10
421 W Grace St, Unit 102
421 W Grace StRichmond, VA 23220
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$1,3502 Bedroom Apartments Available Aug 10
421 W Grace St, Unit 101
421 W Grace StRichmond, VA 23220
421 W Grace St
RichmondVA23220
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$1,4502 Bedroom Apartments Available Aug 10
421 W Grace St, Unit 100
421 W Grace StRichmond, VA 23220
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$1,462
Total Monthly Price
2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,400
Required Monthly Fees
$62
Total Monthly Price
$1,462
2207 W Grace St, Unit Apt C
2207 W Grace StRichmond, VA 23220
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$1,4952 Bedroom Apartments Available Now
2307 W Main St, Unit A
2307 W Main StRichmond, VA 23220
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$1,4952 Bedroom Apartments Available Now
3212 Ellwood Ave, Unit A
3212 Ellwood AveRichmond, VA 23221
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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$1,4952 Bedroom Apartments Available Aug 10
404 W Grace St, Unit 3
404 W Grace StRichmond, VA 23220
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$1,5252 Bedroom Apartments Available Jun 15
2914 Hanes Ave, Unit A
2914 Hanes AveRichmond, VA 23222
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$1,5502 Bedroom Apartments Available Aug 15
112 S Laurel St, Unit B
112 S Laurel StRichmond, VA 23220
806 W Cary St
RichmondVA23220
800 W Cary St
RichmondVA23284
1910 North Ave
RichmondVA23222
1333 W Broad St, Unit 514
1333 W Broad St
RichmondVA23220
10 S Laurel St
RichmondVA23220
1101 Haxall Point
RichmondVA23219
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.
1333 W Broad St, Unit 510
1333 W Broad St
RichmondVA23220
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$1,6953 Bedroom Apartments Available Now
1103 W Franklin St, Unit A
1103 W Franklin StRichmond, VA 23220
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$1,6953 Bedroom Apartments Available Aug 10
505 W Grace St, Unit A
505 W Grace StRichmond, VA 23220
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$1,6952 Bedroom Apartments Available Aug 10
223 S Cherry St, Unit 1C
223 S Cherry StRichmond, VA 23220
2603 Grayland Ave
RichmondVA23220
1413 Blair St
RichmondVA23220
2611 Grayland Ave
RichmondVA23220
6 N 6th St
RichmondVA23219
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$1,7953 Bedroom Apartments Available Aug 10
402 W Grace St, Unit 3
402 W Grace StRichmond, VA 23220
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.
501 Pelham Dr
RichmondVA23222
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$1,8003 Bedroom Apartments Available Aug 10
404 W Grace St, Unit 1
404 W Grace StRichmond, VA 23220
Showing Results 1-47, 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 | $1,836 | $1,395 | $2,375 |
| Downtown Richmond 3 Bedroom Homes for Rent | $2,571 | $1,350 | $3,950 |
| Downtown Richmond 4 Bedroom Homes for Rent | $2,403 | $725 | $3,500 |
| Downtown Richmond 5 Bedroom Homes for Rent | $3,598 | $3,195 | $4,200 |
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 47 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 $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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Bloom Apartments II | 1Bed/1Bath: 463 sq ft | 1BR,1BA | $849 |
| Eagle Mill Lofts | 2bed 2bth | 2BR,2BA | $950 |
| The Hill Building | Studio | Studio,1BA | $995 |
| 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 | $1,068 |
| The Edison | Studio | Studio,1BA | $1,092 |
| T and E Apartments | Studio | Studio,1BA | $1,095 |
| 209 E Main St | Unit 4,6,8 | 1BR,1BA | $1,100 |
| The Foundry Apartments | One Bedroom | 1BR,1BA | $1,135 |
Best Value Apartments for Rent in Downtown Richmond, VA
As of June 11, 2026 the best value apartment in the Downtown Richmond area is the $0.20 price per square foot 3 Beds, 2 Baths Model at 1318 W. Broad St. in the in the Near West neighborhood starting from $1,995. The second greatest value Downtown Richmond apartment is the 2509 Seminary Ave Model at 2509 Seminary Ave, Unit # B starting at $1,395 with a $0.62 price per square foot in the Bellevue 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. |
|---|---|---|---|
| 1318 W. Broad St. | 3 Beds, 2 Baths | 3BR,2BA | $0.20 |
| 2509 Seminary Ave, Unit # B | 2509 Seminary Ave | 2BR,1BA | $0.62 |
| Park Plaza at Belvidere | 2BR/2.0BA | 2BR,2BA | $1.43 |
| 16 W Broad St, Unit Apartment 1 | 16 W Broad St | 3BR,2BA | $1.36 |
| 10 Walnut Alley | 2 Bedroom 2 Bath - 30004 | 2BR,2BA | $1.24 |
| Raven Place | B1.1 | 2BR,2BA | $1.50 |
| 200 Minor Street Quad | 3 Beds, 1 Baths | 3BR,1BA | $1.18 |
| 210 E Grace St | 2 Bed/2 Bath | 2BR,2BA | $1.35 |
| Morton Building Apartments | 1BR/1.0BA | 1BR,1BA | $1.25 |
| Lofts and Upper Lofts at Canal Walk - Canal I and Canal II | Canal 236 Studio | Studio ,1BA | $1.53 |
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.
Read ArticleQuick 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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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.
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Pet Friendly LifestyleDowntown Richmond, Richmond, VA
Ranked #8
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 727 Apartments for Rent in Downtown Richmond, VA with pricing that ranges from $729 to $15,535. There are also 93 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Richmond ranging from $725 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 $725 to $4,200 with an average monthly rent of $2,354.
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 $15,535, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,350 to $3,950. Four Bedroom Single-Family rentals are also available starting from $725 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
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.
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.
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.
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.
Articles, How-To's, and Tips
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.
Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.
Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.
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.