Cheap Apartments for Rent in the Magnolia Industrial Center Neighborhood of Richmond, VA from $400 (34 Rentals)

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

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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Dwell Apartments
1 to 3 Bedroom Apartments

Dwell Apartments

3505 Chamberlayne AveRichmond, VA 23227
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Claremont Apartments
1 Bedroom Apartments

Claremont Apartments

3902 Chamberlayne AveRichmond, VA 23227
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Cedarwood Apartments
1 Bedroom Apartments

Cedarwood Apartments

3803 Chamberlayne AveRichmond, VA 23227
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Estratbrook North
1 Bedroom Apartments

Estratbrook North

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

Goshen Street

302 Goshen StRichmond, VA 23220
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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.

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Vista Buena Apartments
1 Bedroom Apartments

Vista Buena Apartments

3813-3816 Chamberlayne AveRichmond, VA 23227
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Richmond Arts
1 Bedroom Apartments

Richmond Arts

115 N 1st StRichmond, VA 23219
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Shockoe Center
1 to 2 Bedroom Apartments

Shockoe Center

1900 E Franklin StRichmond, VA 23223
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101 Poe St
2 Bedroom Apartments

101 Poe St

101 Poe StRichmond, VA 23222
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2910 Chamberlayne Ave
1 Bedroom Apartments

2910 Chamberlayne Ave

2910 Chamberlayne AveRichmond, VA 23222
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Jernigin Hall
Studio to 1 Bedroom Apartments

Jernigin Hall

314 W Grace StRichmond, VA 23220
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Market Slip
1 to 2 Bedroom Apartments

Market Slip

2 S 17th StRichmond, VA 23219
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Richmond’s Best Affordable Neighborhoods

Learn about Richmond and the best affordable places to live by our Local Expert Richard Corrigan

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The Rosa
1 Bedroom Apartments

The Rosa

744 N 2nd StRichmond, VA 23219
Senior Living
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North Oak Apartments
1 to 2 Bedroom Apartments

North Oak Apartments

617 W Laburnum AveRichmond, VA 23222
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501-503 E Main St
1 Bedroom Apartments

501-503 E Main St

501-503 E Main StRichmond, VA 23219
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The Dill Building
1 to 2 Bedroom Apartments

The Dill Building

2020 E Franklin StRichmond, VA 23223

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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The Hill Building
1 to 2 Bedroom Apartments

The Hill Building

114 Virginia StRichmond, VA 23219
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Shockoe Commons
1 to 2 Bedroom Apartments

Shockoe Commons

1209-1211 E Main StRichmond, VA 23223
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Linden Tower
1 to 2 Bedroom Apartments

Linden Tower

116 E Franklin StRichmond, VA 23219
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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 Studio unit found at 2001 East priced from $804. 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
2001 EastStudioStudio,1BA$804
Bloom Apartments II1Bed/1Bath: 463 sq ft1BR,1BA$849
Towers on FranklinRodneyStudio,1BA$949
Van de VyverThe ReserveStudio,1BA$998
Townsend SquareTownhomes starting at $1000.00- Now Accepting A...2BR,1BA$1,000
District Square Apartments1Bd1Ba--5901BR,1BA$1,025
Attain ShockoeElmwood1BR,1BA$1,038
The Edison ApartmentsSXFStudio,1BA$1,084
1407 E Cary Street1 Beds, 1 Baths1BR,1BA$1,099

Best Value Apartments for Rent in Magnolia Industrial Center, VA

As of May 23, 2025 the best value apartment in the Magnolia Industrial Center area is the $1.47 price per square foot 2 Bedroom Penthouse Model at The Locks Tower in the in the Downtown Richmond neighborhood starting from $2,943. The second greatest value Magnolia Industrial Center apartment is the 2 Bedroom Model at Miller and Rhoads Residences starting at $2,222 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 ListingModel NameBed/BathPrice Per Sq.Ft.
The Locks Tower2 Bedroom Penthouse2BR,2BA$1.47
Miller and Rhoads Residences2 Bedroom2BR,2BA$1.47
Marshall Park4x2 - Priced Per Bedroom4BR,2BA$0.51
Park Plaza @ Belvidere2BR/2.0BA2BR,2BA$1.34
Raven PlaceB1.12BR,2BA$1.47
Townsend SquareTownhomes starting at $1000.00- Now Accepting A...2BR,1BA$0.87
1407 E Cary Street1 Beds, 1 Baths1BR,1BA$1.11
The BerkshirePark1BR,1BA$1.34
Mallard GreensTWO BEDROOMS JUST FOR YOU!! AVAILABLE NOW - WH...2BR,1BA$1.33
1527 Mechanicsville Tpke, Unit 31527 Mechanicsville Tpke1BR,1BA$1.17

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Magnolia Industrial Center, Richmond, VA

Ranked #34

Among neighborhoods in Richmond, VA 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!

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

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 $1,099.

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 $849, while the average apartment in Magnolia Industrial Center costs $2,222.

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 125 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 $424 which is $1,798 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.

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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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The Art of the Rental Viewing: What to look for during a property tour

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.

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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.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.