
Cheap Apartments for Rent in the Magnolia Industrial Center Neighborhood of Richmond, VA from $400 (36 Rentals)
Search the lowest-cost Apartments available for rent right now in the Magnolia Industrial Center area of Richmond.


2001 East

Bloom Apartments II

Towers on Franklin

Highland Terrace Apartments

210 E Grace St
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T and E Apartments

Van de Vyver

2105 Phaup St

Flats at 25th

Jefferson Townhouses
The Art of the Rental Viewing: What to look for during a property tour
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Carter Woods - 62 + Better Senior Community
Richmond’s Best Affordable Neighborhoods
Learn about Richmond and the best affordable places to live by our Local Expert Richard Corrigan
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 | $1,241 | $829 | $2,486 |
Magnolia Industrial Center 1 Bedroom Apartments | $1,518 | $695 | $3,958 |
Magnolia Industrial Center 2 Bedroom Apartments | $1,788 | $799 | $6,420 |
Magnolia Industrial Center 3 Bedroom Apartments | $1,941 | $699 | $3,139 |
Magnolia Industrial Center 4 Bedroom Apartments | $1,167 | $599 | $3,599 |
Browse Apartments in this Neighborhood
There are currently 36 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 Studio unit found at Towers on Franklin priced from $850. Bloom Apartments II has the second lowest priced unit, which is a 1 Bed apartment currently listed from $899. Here are the most affordable Magnolia Industrial Center apartments for rent in Richmond, VA:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Towers on Franklin | Harrison | Studio,1BA | $850 |
Bloom Apartments II | 1Bed/1Bath: 456 sq ft | 1BR,1BA | $899 |
2001 East | A3 | 1BR,1BA | $925 |
Van de Vyver | The Reserve | Studio,1BA | $998 |
Jefferson Townhouses | 1X1 | 1BR,1BA | $1,000 |
The Foundry Apartments | One Bedroom | 1BR,1BA | $1,013 |
Cedar Broad | A2b | 1BR,1BA | $1,045 |
Townsend Square | Townhomes starting at $1050.00- Now Accepting A... | 2BR,1BA | $1,050 |
Saddlewood Apartments & Townhomes | Studio | Studio,1BA | $1,055 |
210 E Grace St | 1bed/1bath | 1BR,1BA | $1,100 |
Best Value Apartments for Rent in Magnolia Industrial Center, VA
As of July 15, 2025 the best value apartment in the Magnolia Industrial Center 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 Magnolia Industrial Center apartment is the 2BR/2.0BA Model at Park Plaza @ Belvidere starting at $1,903 with a $1.36 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. |
---|---|---|---|
Marshall Park | 4x2 - Priced Per Bedroom | 4BR,2BA | $0.51 |
Park Plaza @ Belvidere | 2BR/2.0BA | 2BR,2BA | $1.36 |
1710 East Franklin Street | 1BR/1.0BA | 1BR,1BA | $1.03 |
Raven Place | B1.1 | 2BR,2BA | $1.47 |
Townsend Square | Townhomes starting at $1050.00- Now Accepting A... | 2BR,1BA | $0.91 |
Highland Terrace Apartments | 2-Bedroom | 2BR,2BA | $1.45 |
Broadway Apartments | Two Bed One Bath | 2BR,1BA | $1.59 |
Mallard Greens | TWO BEDROOMS JUST FOR YOU!! AVAILABLE NOW - WH... | 2BR,1BA | $1.33 |
The Corner Lofts - 1321 E. Main St. | 1BR/1.0BA | 1BR,1BA | $1.50 |
The Foundry Apartments | One Bedroom | 1BR,1BA | $1.61 |
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.
Pet Friendly LifestyleMagnolia Industrial Center, Richmond, VA
Ranked #29
Among neighborhoods in Richmond, VA 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!
Getting Around the Magnolia Industrial Center Neighborhood in Richmond, VA
Walk Score®
34 / 100
Car-Dependent
Most errands require a car
Bike Score®
36 / 100
Somewhat Bikeable
Minimal bike infrastructure
Transit Score®
39 / 100
Some Transit
A few nearby public transportation options
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
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 $1,100.
What is the price of a cheap apartment in Magnolia Industrial Center?
The cheapest apartment in Magnolia Industrial Center is Bloom Apartments II which is listed at $899, while the average apartment in Magnolia Industrial Center costs $2,070.
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 137 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 $480 which is $1,590 cheaper than the average rent for all rentals in Magnolia Industrial Center.
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.

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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.

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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.