
Cheap Homes for Rent in Magnolia Industrial Center Neighborhood of Richmond, VA from $700 (34 Rentals)
Search the lowest-cost Homes available for rent right now in the Magnolia Industrial Center area of Richmond.


3402 P St

Total Monthly Price
1204 N 20th St, Unit Apt 1

2108 Phaup St

2100 Phaup St

3810 Chamberlayne Ave, Unit G

501 W Grace St, Unit A

3503 Bolling Rd
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

2514 Q St

Total Monthly Price
17 W Main St, Unit 203

302 Goshen St, Unit 103

311 W Franklin St, Unit 1105

302 Goshen St, Unit 104

1602 Magnolia St, Unit 3

1408 N 29th St

908 W Broad 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.

3119 4th Ave

200 Wellford St

501 W Grace St, Unit B

620 N 29th St

200 Minor St

1011 W Marshall St, Unit 212

123 E Broad St

3303 Branch Ave
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.

1521 Mechanicsville Tpke

615 Albemarle St

421 W Grace St

421 W Grace St, Unit 101

400 W Grace St, Unit 3

421 W Grace St, Unit 102

507 W Grace St, Unit C

301 Goshen St
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.

421 W Grace St, Unit 100

404 W Grace St, Unit 3
Magnolia Industrial Center, Richmond, VA Local Guide

How much does it cost to rent a home in Magnolia Industrial Center?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Magnolia Industrial Center 2 Bedroom Homes for Rent | $1,566 | $995 | $2,850 |
| Magnolia Industrial Center 3 Bedroom Homes for Rent | $2,080 | $1,100 | $3,030 |
| Magnolia Industrial Center 4 Bedroom Homes for Rent | $2,794 | $2,175 | $3,400 |
Browse Homes for Rent in this Neighborhood
There are currently 34 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 Bloom Apartments II priced from $849. American Tobacco Collection has the second lowest priced unit, which is a 1 Bed apartment currently listed from $897. 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: 463 sq ft | 1BR,1BA | $849 |
| American Tobacco Collection | ATC-A3 | 1BR,1BA | $897 |
| Creighton Renaissance Apartments | One Bedroom - D | 1BR,1BA | $926 |
| Highland Terrace Apartments | 2-Bedroom | 2BR,2BA | $946 |
| The Corner Lofts | 1 Bedroom 1 Bath - 44186 | 1BR,1BA | $980 |
| Van de Vyver | The Reserve | Studio,1BA | $998 |
| The Attain | Bellevue | 1BR,1BA | $1,027 |
| Green Park Apartments | 2 Bedroom | 2BR,1BA | $1,037 |
| The Stables | 1 Bedroom 1 Bathroom | 1BR,1BA | $1,055 |
| Linden at Highland Park | One Bedroom Apartment | 1BR,1BA | $1,075 |
Best Value Apartments for Rent in Magnolia Industrial Center, VA
As of May 30, 2026 the best value apartment in the Magnolia Industrial Center area is the $1.24 price per square foot 2 Bedroom Penthouse Model at The Locks Tower in the in the Downtown Richmond neighborhood starting from $3,199. The second greatest value Magnolia Industrial Center apartment is the 2509 Seminary Ave Model at 2509 Seminary Ave, Unit # B starting at $1,395 with a $0.62 price per square foot in the Bellevue 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 Locks Tower | 2 Bedroom Penthouse | 2BR,2BA | $1.24 |
| 2509 Seminary Ave, Unit # B | 2509 Seminary Ave | 2BR,1BA | $0.62 |
| Park Plaza @ Belvidere | 2BR/2.0BA | 2BR,2BA | $1.33 |
| 10 Walnut Alley | 2 Bedroom 2 Bath - 30004 | 2BR,2BA | $1.46 |
| Townsend Square | Townhomes starting at $1080.00- Now Accepting A... | 2BR,1BA | $0.94 |
| 209 E Main St | Unit 208 1A | 2BR,1BA | $1.36 |
| 210 E Grace St | 2 Bed/2 Bath | 2BR,2BA | $1.35 |
| Shockoe Collection | B3 - 2 Bed 2 Bath | 2BR,2BA | $1.39 |
| Mortons Apartments | 1BR/1.0BA | 1BR,1BA | $1.34 |
| Mallard Greens | June Is Heating Up at Mallard Greens...Call Now!! | 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.
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 ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
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
Frequently Asked Questions about Magnolia Industrial Center
What type of rentals are currently available in Magnolia Industrial Center?
There are currently 447 Apartments for Rent in Magnolia Industrial Center, VA with pricing that ranges from $729 to $4,610. There are also 91 Single Family Homes for rent, Condos, and Townhome rentals currently available in Magnolia Industrial Center ranging from $750 to $3,400.
What is the current price range for Rental Homes in Magnolia Industrial Center?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Magnolia Industrial Center ranges from $750 to $3,400 with an average monthly rent of $1,961.
How much are larger Three and Four Bedroom Rentals in Magnolia Industrial Center?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Magnolia Industrial Center range from $819 to $3,462, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,100 to $3,030. Four Bedroom Single-Family rentals are also available starting from $2,175 and Four Bedroom Apartments start at $729.
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

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.