
Cheap Apartments for Rent in the Midtown Richmond Neighborhood of Richmond, VA from $700 (147 Rentals)
Search the lowest-cost Apartments available for rent right now in the Midtown Richmond area of Richmond.


Chesterfield Apartments

Eagle Mill Lofts

Total Monthly Price
1130 W Grace St

The Berkshire

Total Monthly Price
209 E Main St

Grace & Monroe Apartments

Total Monthly Price
Towers on Franklin

The Foundry Apartments

Atrium on Broad Apartments
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.

Monroe Park Towers Apartments

Mortons Apartments

Total Monthly Price
Spectrum Apartments

The Concord Northside

The Biggs Building

The Mezzo Lofts

District Square Apartments

Total Monthly Price
17 W Main St, Unit 203

Total Monthly Price
Franklin Street Apartments

Park Northside Apartments
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.

1607 Brookfield St

1608 Brookfield St

Cookie Factory Lofts

Total Monthly Price
Iron House Apartments

1510 W. Broad Street

1414 W Marshall St, Unit 502

501 W Grace St, Unit B

Southern Stove Lofts

12 W Clay St

1 West Cary Apartments
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.

Centennial Terrace

Total Monthly Price
The Loop at Midtown

Cary Belvidere Apartments

Total Monthly Price
Deco at CNB

Total Monthly Price
Sphere

1005 Grove Ave Apartments

421 W Grace St

The Collection of Historic Richmond

421 W Grace St

308 W Broad 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.

505 W Grace St, Unit APT B

7 East Franklin

Total Monthly Price
805W Lofts

Total Monthly Price
2509 Seminary Ave, Unit # B

The 1805

Total Monthly Price
Todd Lofts

The Penny at Jackson Ward

210 E Grace St

1005 W Franklin St

511 Ryland St
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
Midtown Richmond, Richmond, VA Local Guide

How much does it cost to rent an apartment in Midtown Richmond?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Midtown Richmond Studio Apartments | $1,407 | $1,100 | $2,342 |
| Midtown Richmond 1 Bedroom Apartments | $1,588 | $999 | $2,900 |
| Midtown Richmond 2 Bedroom Apartments | $1,913 | $939 | $4,540 |
| Midtown Richmond 3 Bedroom Apartments | $2,098 | $810 | $3,800 |
| Midtown Richmond 4 Bedroom Apartments | $956 | $710 | $3,295 |
Browse Apartments in this Neighborhood
There are currently 147 rentals with your search options within a 2 mile radius of the Midtown Richmond Neighborhood of Richmond, VA.
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Midtown Richmond, Richmond, VA Local Guide
- Nearby Richmond neighborhoods
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Cheapest Available Midtown Richmond Apartments for Rent
 The cheapest available apartment rental in the Midtown Richmond area of Richmond, VA is a 2 Beds unit found at Eagle Mill Lofts priced from $950. The Stables has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,055. Here are the most affordable Midtown Richmond apartments for rent in Richmond, VA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Eagle Mill Lofts | 2bed 2bth | 2BR,2BA | $950 |
| The Stables | 1 Bedroom 1 Bathroom | 1BR,1BA | $1,055 |
| 209 E Main St | Unit 4,6,8 | 1BR,1BA | $1,100 |
| The Foundry Apartments | One Bedroom | 1BR,1BA | $1,135 |
| Atrium on Broad Apartments | 0BR/1.0BA | Studio,1BA | $1,159 |
| Monroe Park Towers Apartments | 0BR/1.0BA | Studio,1BA | $1,164 |
| Mortons Apartments | 1BR/1.0BA | 1BR,1BA | $1,169 |
| Grace St 1120 | Grace St 1120 - 17 | 1BR,1BA | $1,175 |
| Park Northside Apartments | 2B/1BA TH Classic | 2BR,1BA | $1,195 |
Best Value Apartments for Rent in Midtown Richmond, VA
As of July 05, 2026 the best value apartment in the Midtown Richmond area is the $0.19 price per square foot 3 Beds, 2 Baths Model at 1318 W. Broad St. in the in the Near West neighborhood starting from $1,895. The second greatest value Midtown Richmond 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 Midtown Richmond apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 1318 W. Broad St. | 3 Beds, 2 Baths | 3BR,2BA | $0.19 |
| 2509 Seminary Ave, Unit # B | 2509 Seminary Ave | 2BR,1BA | $0.62 |
| 16 W Broad St, Unit Apartment 1 | 16 W Broad St | 3BR,2BA | $1.36 |
| Park Plaza @ Belvidere | 2BR/2.0BA | 2BR,2BA | $1.44 |
| 1103 W Franklin St | 3 Beds, 1.5 Baths | 3BR,1.5BA | $1.36 |
| 210 E Grace St | 2 Bed/2 Bath | 2BR,2BA | $1.35 |
| Stuart and Davis | 1 Bedroom / 1 Bath - 650sqft | 1BR,1BA | $1.40 |
| Mortons Apartments | 1BR/1.0BA | 1BR,1BA | $1.28 |
| The Stables | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.70 |
| Eagle Mill Lofts | Studios | Studio ,1BA | $1.62 |
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 LifestyleMidtown Richmond, Richmond, VA
Ranked #55
Among cities in Virginia for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Lifestyle Ratings
ApartmentHomeLiving brings you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals and neighborhoods across the USA, including Richmond. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including searching for the best amenities, and easy access to the parks, features that make it easier to raise kids, raising pets, transit options, in addition to floorplans, availablity, and pricing. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!
Frequently Asked Questions about Cheap Midtown Richmond Apartments
What is a cheap apartment in Midtown Richmond?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Midtown Richmond is under $1,195.
What is the price of a cheap apartment in Midtown Richmond?
The cheapest apartment in Midtown Richmond is The Stables which is listed at $1,055, while the average apartment in Midtown Richmond costs $1,954.
What types of apartments are the cheapest in Midtown Richmond?
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 102 regular apartments in Midtown Richmond 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 Midtown Richmond?
Cheap apartments in Midtown Richmond have an average cost of $645 which is $1,309 cheaper than the average rent for all rentals in Midtown Richmond.
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.

Your Richmond Neighborhood Guide: Living Near the City's Top Employers
Written by: Richard Corrigan
Richmond is a beautiful place to live and work. The city has something for everyone—historic charm, trendy shops and boutiques, world-class restaurants and amazing urban parks and green spaces.
Articles, How-To's, and Tips

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.