Cheap Apartments for Rent in the Magnolia Industrial Center Neighborhood of Richmond, VA from $500 (70 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Magnolia Industrial Center area of Richmond.

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Towers on Franklin
$850 - $2,064
Total Monthly Price

Total Monthly Price

Base Rent
$715 - $1,929
Required Monthly Fees
$135

Total Monthly Price
$850 - $2,064
Studio to 2 Bedroom Apartments Available Now

Towers on Franklin

104 W Franklin StRichmond, VA 23220
Student Housing
  • Verified
  • Customer Reviewed
  • 3D Tour

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property at 925 N 20th St

$925 - $995

2 Bedroom Rentals

Available Now

925 N 20th St

RichmondVA23223
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1619 N 28th St
$1,000 - $2,400
Total Monthly Price

Total Monthly Price

Base Rent
$1,000 - $2,400

Total Monthly Price
$1,000 - $2,400
1 Bedroom Apartments Available Now

1619 N 28th St

1619 N 28th StRichmond, VA 23223
Furnished
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  • Utilities Included
  • Smoke Free
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Townsend Square
$1,050
Total Monthly Price

Total Monthly Price

Base Rent
$1,050

Total Monthly Price
$1,050
2 Bedroom Apartments Available Feb 20

Townsend Square

2153 Cool LnRichmond, VA 23223
Cost Per Sq.Ft.
  • Verified
  • Customer Reviewed
  • Utilities Included

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The Shockoe Collection
$1,099 - $2,399
Total Monthly Price

Total Monthly Price

Base Rent
$949 - $2,249
Required Monthly Fees
$150

Total Monthly Price
$1,099 - $2,399
1 to 3 Bedroom Apartments Available Now

The Shockoe Collection

104 Shockoe SlipRichmond, VA 23219
Transit Friendly
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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.

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Claremont Apartments
1 Bedroom Apartments

Claremont Apartments

3902 Chamberlayne AveRichmond, VA 23227
  • Utilities Included
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Cedarwood Apartments
1 Bedroom Apartments

Cedarwood Apartments

3803 Chamberlayne AveRichmond, VA 23227
  • Utilities Included
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Estratbrook North
1 Bedroom Apartments

Estratbrook North

3809 Chamberlayne AveRichmond, VA 23227
  • Utilities Included
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Goshen Street
Studio to 3 Bedroom Apartments

Goshen Street

302 Goshen StRichmond, VA 23220
  • Utilities Included

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Vista Buena Apartments
1 Bedroom Apartments

Vista Buena Apartments

3813-3816 Chamberlayne AveRichmond, VA 23227
  • Utilities Included
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Jefferson Mews
1 to 3 Bedroom Apartments

Jefferson Mews

600 Jefferson AveRichmond, VA 23223
  • Utilities Included
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Dwell Apartments
1 to 2 Bedroom Apartments

Dwell Apartments

3505 Chamberlayne AveRichmond, VA 23227
  • Utilities Included
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Richmond Arts
Studio to 2 Bedroom Apartments

Richmond Arts

115 N 1st StRichmond, VA 23219
  • Utilities Included
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Market Slip
1 to 2 Bedroom Apartments

Market Slip

2 S 17th StRichmond, VA 23219
  • Utilities Included
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Jernigin Hall
Studio to 1 Bedroom Apartments

Jernigin Hall

314 W Grace StRichmond, VA 23220
Student Housing
  • Utilities Included
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2910 Chamberlayne Ave
1 Bedroom Apartments

2910 Chamberlayne Ave

2910 Chamberlayne AveRichmond, VA 23222
  • Utilities Included
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101 Poe St
2 Bedroom Apartments

101 Poe St

101 Poe StRichmond, VA 23222
  • Utilities Included
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Tracks at the Masonry
Studio to 2 Bedroom Apartments

Tracks at the Masonry

1716 E Cary StRichmond, VA 23223
  • Utilities Included

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Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

Magnolia Industrial Center, Richmond, VA Local Guide

Cheapest Available Magnolia Industrial Center Apartments for Rent

 

The cheapest available apartment rental in the Magnolia Industrial Center area of Richmond, VA is a 1 Bed unit found at Creighton Renaissance Apartments priced from $770. Bloom Apartments II has the second lowest priced unit, which is a 1 Bed apartment currently listed from $849. Here are the most affordable Magnolia Industrial Center apartments for rent in Richmond, VA:

Apartment ListingModel NameBed/BathPriced From
Creighton Renaissance ApartmentsOne Bedroom - D1BR,1BA$770
Bloom Apartments II1Bed/1Bath: 463 sq ft1BR,1BA$849
Towers on FranklinHarrisonStudio,1BA$850
Green Park Apartments1 Bedroom1BR,1BA$874
Highland Terrace Apartments2-Bedroom2BR,2BA$946
North Oak ApartmentsOne Bedroom1BR,1BA$965
Van de VyverThe ReserveStudio,1BA$998
1619 N 28th St1 Bed 1 Bath - Furnished1BR,1BA$1,000
Jefferson Townhouses1X11BR,1BA$1,000
Cedar BroadA2b1BR,1BA$1,045

Best Value Apartments for Rent in Magnolia Industrial Center, VA

As of February 19, 2026 the best value apartment in the Magnolia Industrial Center area is the $1.41 price per square foot 3BR/3.0BA Model at Park Plaza @ Belvidere in the in the Downtown Richmond neighborhood starting from $2,905. The second greatest value Magnolia Industrial Center 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 Magnolia Industrial Center apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Park Plaza @ Belvidere3BR/3.0BA3BR,3BA$1.41
The BerkshireDowntown Double Suite2BR,2BA$1.44
Broadway ApartmentsTwo Bed Two Bath2BR,2BA$1.22
Creighton Renaissance ApartmentsThree Bedroom3BR,2BA$1.46
10 Walnut Alley2 Bedroom 2 Bath - 300042BR,2BA$1.32
110 E Cary St2 Beds 1 Bath2BR,1BA$1.35
209 E Main StUnit 208A2BR,1BA$1.36
Mortons Apartments1BR/1.5BA1BR,1.5BA$1.46
Highland Terrace Apartments2-Bedroom2BR,2BA$0.96
Mallard GreensHome is Where The ?? Is...Now Leasing!!2BR,1BA$1.33

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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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Pet Friendly Lifestyle
Magnolia Industrial Center, Richmond, VA

Ranked #36

Among cities in Virginia for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Lifestyle Ratings

ApartmentHomeLiving brings you comprehensive Lifestyle Ratings of rentals and neighborhoods across the USA, and customized analysis for Central Richmond. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including searching for the best amenities, and the best proximity to parks and outdoor amenities, kid and pet-friendly communities, availability of transit options, walking, and biking. Find Lifestyle Search in the filter options (above). Happy Searching!

Frequently Asked Questions about Cheap Magnolia Industrial Center Apartments

What is a cheap apartment in Magnolia Industrial Center?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Magnolia Industrial Center is under $1,045.

What is the price of a cheap apartment in Magnolia Industrial Center?

The cheapest apartment in Magnolia Industrial Center is Creighton Renaissance Apartments which is listed at $770, while the average apartment in Magnolia Industrial Center costs $1,907.

What types of apartments are the cheapest in Magnolia Industrial Center?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 158 regular apartments in Magnolia Industrial Center that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Magnolia Industrial Center?

Cheap apartments in Magnolia Industrial Center have an average cost of $527 which is $1,380 cheaper than the average rent for all rentals in Magnolia Industrial Center.

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

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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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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.

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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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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.

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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.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.