
Cheap Apartments for Rent in the Magnolia Industrial Center Neighborhood of Richmond, VA from $500 (70 Rentals)
Search the lowest-cost Apartments available for rent right now in the Magnolia Industrial Center area of Richmond.


2001 East

Bloom Apartments II

3916 Chamberlayne Ave

Total Monthly Price
Towers on Franklin

3114 Barton Ave

Green Park Apartments

1705 Lamb Ave

North Oak Apartments

1019 W Leigh St
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.

1 S 5th St

925 N 20th St

Van de Vyver

Jefferson Townhouses

Total Monthly Price
1619 N 28th St

Flats at 25th

The Attain

Total Monthly Price
Townsend Square

927 N 20th St

District Square Apartments
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.

Saddlewood Apartments & Townhomes

The Berkshire

Residences at the John Marshall

Linden at Highland Park

Flats at 14th

3114 Barton Ave

Grace & Monroe Apartments

Total Monthly Price
The Shockoe Collection

2105 Phaup St

Total Monthly Price
The Collection at American Tobacco Center
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.

Mortons Apartments

3208 Carolina Ave

210 E Grace St

Oxford Square Apartments

Claremont Apartments

Shockoe Hill Senior Apartments 62 plus*

Cedarwood Apartments

Estratbrook North

Goshen Street

The Planet Apartments
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.

The Richmond Dairy Apartments

Vista Buena Apartments

Jefferson Mews

Dwell Apartments

Richmond Arts

Market Slip

Jernigin Hall

2910 Chamberlayne Ave

101 Poe St

Tracks at the Masonry
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Magnolia Industrial Center, Richmond, VA Local Guide

How much does it cost to rent an apartment in Magnolia Industrial Center?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Magnolia Industrial Center Studio Apartments | $1,283 | $844 | $2,298 |
| Magnolia Industrial Center 1 Bedroom Apartments | $1,472 | $770 | $2,659 |
| Magnolia Industrial Center 2 Bedroom Apartments | $1,690 | $879 | $3,373 |
| Magnolia Industrial Center 3 Bedroom Apartments | $1,869 | $759 | $3,396 |
| Magnolia Industrial Center 4 Bedroom Apartments | $1,043 | $669 | $1,620 |
Browse Apartments in this Neighborhood
There are currently 70 rentals with your search options within a 2 mile radius of the Magnolia Industrial Center Neighborhood of Richmond, VA.
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Magnolia Industrial Center, Richmond, VA Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Creighton Renaissance Apartments | One Bedroom - D | 1BR,1BA | $770 |
| Bloom Apartments II | 1Bed/1Bath: 463 sq ft | 1BR,1BA | $849 |
| Towers on Franklin | Harrison | Studio,1BA | $850 |
| Green Park Apartments | 1 Bedroom | 1BR,1BA | $874 |
| Highland Terrace Apartments | 2-Bedroom | 2BR,2BA | $946 |
| North Oak Apartments | One Bedroom | 1BR,1BA | $965 |
| Van de Vyver | The Reserve | Studio,1BA | $998 |
| 1619 N 28th St | 1 Bed 1 Bath - Furnished | 1BR,1BA | $1,000 |
| Jefferson Townhouses | 1X1 | 1BR,1BA | $1,000 |
| Cedar Broad | A2b | 1BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Park Plaza @ Belvidere | 3BR/3.0BA | 3BR,3BA | $1.41 |
| The Berkshire | Downtown Double Suite | 2BR,2BA | $1.44 |
| Broadway Apartments | Two Bed Two Bath | 2BR,2BA | $1.22 |
| Creighton Renaissance Apartments | Three Bedroom | 3BR,2BA | $1.46 |
| 10 Walnut Alley | 2 Bedroom 2 Bath - 30004 | 2BR,2BA | $1.32 |
| 110 E Cary St | 2 Beds 1 Bath | 2BR,1BA | $1.35 |
| 209 E Main St | Unit 208A | 2BR,1BA | $1.36 |
| Mortons Apartments | 1BR/1.5BA | 1BR,1.5BA | $1.46 |
| Highland Terrace Apartments | 2-Bedroom | 2BR,2BA | $0.96 |
| Mallard Greens | Home is Where The ?? Is...Now Leasing!! | 2BR,1BA | $1.33 |
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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Read ArticleThe 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 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.
Pet Friendly LifestyleMagnolia Industrial Center, Richmond, VA
Ranked #36
Among cities in Virginia for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in Magnolia Industrial Center, Richmond, VA
Martin Luther King Jr. Middle
School data provided by Great Schools
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

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.
Articles, How-To's, and Tips

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.

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.

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.

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.