
Cheap Apartments for Rent in the Magnolia Industrial Center Neighborhood of Richmond, VA from $500 (59 Rentals)
Search the lowest-cost Apartments available for rent right now in the Magnolia Industrial Center area of Richmond.


Bloom Apartments II

Towers on Franklin

American Tobacco Center

Creighton Renaissance Apartments

Van de Vyver

Jefferson Townhouses

Attain Shockoe
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.

The Foundry Apartments

Flats at 25th

The Berkshire

The Edison Apartments

Grace & Monroe Apartments

927 N 20th St

Victory at Edgewood

Saddlewood Apartments & Townhomes
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.

The Mezzo Lofts

Linden at Highland Park

Mortons Apartments

T and E Apartments

The Shockoe Collection
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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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.
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
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

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 | $1,253 | $864 | $2,172 |
| Magnolia Industrial Center 1 Bedroom Apartments | $1,456 | $700 | $2,400 |
| Magnolia Industrial Center 2 Bedroom Apartments | $1,679 | $859 | $2,961 |
| Magnolia Industrial Center 3 Bedroom Apartments | $1,918 | $739 | $4,055 |
| Magnolia Industrial Center 4 Bedroom Apartments | $1,161 | $649 | $1,620 |
Browse Apartments in this Neighborhood
There are currently 59 rentals with your search options within a 2 mile radius of the Magnolia Industrial Center Neighborhood of Richmond, VA.
See all Apartments in RichmondExplore Richmond
Magnolia Industrial Center, Richmond, VA Local Guide
- Nearby Richmond neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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 Bloom Apartments II priced from $899. Creighton Renaissance Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $981. Here are the most affordable Magnolia Industrial Center apartments for rent in Richmond, VA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Bloom Apartments II | 1Bed/1Bath: 456 sq ft | 1BR,1BA | $899 |
| Creighton Renaissance Apartments | One Bedroom - B | 1BR,1BA | $981 |
| Van de Vyver | The Reserve | Studio,1BA | $998 |
| Jefferson Townhouses | 1X1 | 1BR,1BA | $1,000 |
| Attain Shockoe | Elmwood | 1BR,1BA | $1,010 |
| 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 |
| Victory at Edgewood | 2 Bedroom 1 Bath Townhome - Classic | 2BR,1BA | $1,050 |
Best Value Apartments for Rent in Magnolia Industrial Center, VA
As of November 13, 2025 the best value apartment in the Magnolia Industrial Center area is the $1.45 price per square foot Downtown Double Suite Model at The Berkshire in the in the Downtown Richmond neighborhood starting from $2,700. The second greatest value Magnolia Industrial Center apartment is the 3BR/3.0BA Model at Jackson Street Lofts starting at $1,850 with a $1.47 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. |
|---|---|---|---|
| The Berkshire | Downtown Double Suite | 2BR,2BA | $1.45 |
| Jackson Street Lofts | 3BR/3.0BA | 3BR,3BA | $1.47 |
| Raven Place | B1.1 | 2BR,2BA | $1.47 |
| Townsend Square | Townhomes starting at $1050.00- Now Accepting A... | 2BR,1BA | $0.91 |
| Mortons Apartments | 1BR/1.5BA | 1BR,1.5BA | $1.46 |
| Marshall Street Apartments | 1BR/1.0BA | 1BR,1BA | $1.25 |
| Mallard Greens | TWO BEDROOMS JUST FOR YOU!! AVAILABLE NOW - WH... | 2BR,1BA | $1.33 |
| Atrium Lofts at Cold Storage | One Bedroom | 1BR,1BA | $1.52 |
| Victory at Edgewood | 2 Bedroom 1 Bath Townhome - Renovated | 2BR,1BA | $1.53 |
| 1527 Mechanicsville Tpke, Unit 1 | 1527 Mechanicsville Tpke | 1BR,1BA | $1.17 |
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.
Read ArticleDon'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.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
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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 #34
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!
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 $1,050.
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 $2,013.
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 250 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 $657 which is $1,356 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.

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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

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.




























