Cheap Homes for Rent in Downtown Richmond Neighborhood of Richmond, VA from $1,000 (39 Rentals)

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

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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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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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 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.

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Showing Results 1-39, 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 4 Beds unit found at Liberty Circle Apartments priced from $820. Bloom Apartments II has the second lowest priced unit, which is a 1 Bed apartment currently listed from $899. Here are the most affordable Downtown Richmond apartments for rent in Richmond, VA:

Apartment ListingModel NameBed/BathPriced From
Liberty Circle ApartmentsTHE HIGHLAND FLOOR PLAN - BEDROOM II4BR,2BA$820
Bloom Apartments II1Bed/1Bath: 456 sq ft1BR,1BA$899
Van de VyverThe ReserveStudio,1BA$998
Eagle Mill Lofts1 bed 1bth1BR,1BA$1,000
The Foundry ApartmentsOne Bedroom1BR,1BA$1,013
The Stables1 Bedroom 1 Bathroom1BR,1BA$1,055
The Mezzo LoftsMontage Gallery - StudiosStudio,1BA$1,087
Towers on FranklinCary1BR,1BA$1,092
Grace & Monroe Apartments1B | 1B - 4611BR,1BA$1,096

Best Value Apartments for Rent in Downtown Richmond, VA

As of November 08, 2025 the best value apartment in the Downtown Richmond area is the $1.32 price per square foot The Overbrook Model at The Westbrook Townhomes at Brewers Row in the in the Bellevue neighborhood starting from $3,650. The second greatest value Downtown Richmond apartment is the Downtown Double Suite Model at The Berkshire starting at $2,700 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 ListingModel NameBed/BathPrice Per Sq.Ft.
The Westbrook Townhomes at Brewers RowThe Overbrook3BR,2.5BA$1.32
The BerkshireDowntown Double Suite2BR,2BA$1.45
Lofts and Upper Lofts at Canal WalkCanal 236 2 BedsStudio ,1BA$1.25
Jackson Street Lofts3BR/3.0BA3BR,3BA$1.47
Eagle Mill Lofts3bed 3bth3BR,3BA$1.44
Raven PlaceB1.12BR,2BA$1.47
Mortons Apartments1BR/1.5BA1BR,1.5BA$1.46
1322 W Broad St2 Bedroom 2 Bath - 190982BR,2BA$1.55
Marshall Street Apartments1BR/1.0BA1BR,1BA$1.25
South Arthur1/11BR,1BA$1.41

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

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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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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 #15

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 695 Apartments for Rent in Downtown Richmond, VA with pricing that ranges from $649 to $6,090. There are also 101 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Richmond ranging from $1,000 to $6,500.

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 $1,000 to $6,500 with an average monthly rent of $2,107.

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 $739 to $4,748, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,200 to $6,500. Four Bedroom Single-Family rentals are also available starting from $2,100 and Four Bedroom Apartments start at $649.

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.

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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.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.