
Cheap Apartments for Rent in the Midtown Richmond Neighborhood of Richmond, VA from $600 (145 Rentals)
Search the lowest-cost Apartments available for rent right now in the Midtown Richmond area of Richmond.


Eagle Mill Lofts

1017 W Leigh St

1019 W Leigh St

Total Monthly Price
1130 W Grace St

1411 Grove Avenue

The Berkshire

421 W Grace St, Unit 203

501 W Grace St, Unit A

1106 W Main St
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.

Total Monthly Price
Coliseum Lofts

Total Monthly Price
Towers on Franklin

The Mezzo Lofts

The Foundry Apartments

Grace & Monroe Apartments

Atrium on Broad Apartments

Total Monthly Price
T and E Apartments

Spectrum Apartments

The Concord Northside

The Biggs Building
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

311 W Franklin St, Unit 1105

Park Northside Apartments

District Square Apartments

Monroe Park Towers Apartments

Cookie Factory Lofts

Mortons Apartments

Total Monthly Price
Iron House Apartments

1719 Blair St
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.

Total Monthly Price
Deco at CNB

Southern Stove Lofts

1005 Grove Ave Apartments

1011 W Marshall St, Unit 212

526 S Laurel St

Cary Belvidere Apartments

Sphere

The Collection of Historic Richmond

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The Edgar at Linden Row

Park Plaza @ Belvidere
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.

1510 W. Broad Street

Total Monthly Price
The Cooperage

507 W Grace St, Unit C

421 W Grace St

421 W Grace St, Unit 102

421 W Grace St, Unit 101

1721 Blair St

308 W Broad St

Total Monthly Price
The Loop at Midtown

The Penny at Jackson Ward
Explore The River City Like a Local: The Insider's Guide to Renting in Richmond, VA
Thinking of moving to Richmond, VA? Learn why "The River City" is a perfect blend of big-city amenities and small-town charm, offering a low cost of living, minimal traffic, and a rich cultural scene.
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 | $1,356 | $1,000 | $2,262 |
| Midtown Richmond 1 Bedroom Apartments | $1,550 | $825 | $2,725 |
| Midtown Richmond 2 Bedroom Apartments | $1,902 | $930 | $4,595 |
| Midtown Richmond 3 Bedroom Apartments | $2,135 | $810 | $3,800 |
| Midtown Richmond 4 Bedroom Apartments | $1,089 | $729 | $3,680 |
Browse Apartments in this Neighborhood
There are currently 145 rentals with your search options within a 2 mile radius of the Midtown Richmond Neighborhood of Richmond, VA.
See all Apartments in RichmondExplore Richmond
Midtown Richmond, Richmond, VA Local Guide
- Nearby Richmond neighborhoods
- Nearby Cities
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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 1bth | 2BR,1BA | $950 |
| The Stables | 1 Bedroom 1 Bathroom | 1BR,1BA | $1,055 |
| Towers on Franklin | Gold | Studio,1BA | $1,105 |
| The Foundry Apartments | One Bedroom | 1BR,1BA | $1,135 |
| Atrium on Broad Apartments | 1BR/1.0BA | 1BR,1BA | $1,149 |
| T and E Apartments | Studio | Studio,1BA | $1,150 |
| Park Northside Apartments | 2B/1BA TH Classic | 2BR,1BA | $1,195 |
| Monroe Park Towers Apartments | 0BR/1.0BA | Studio,1BA | $1,197 |
| Cookie Factory Lofts | Studio | Studio,1BA | $1,199 |
Best Value Apartments for Rent in Midtown Richmond, VA
As of May 20, 2026 the best value apartment in the Midtown Richmond area is the $0.66 price per square foot 2509 Seminary Ave Model at 2509 Seminary Ave, Unit # B in the in the Bellevue neighborhood starting from $1,475. The second greatest value Midtown Richmond apartment is the 2213 Floyd Ave. Model at 2213 Floyd Ave., Unit B (Downstairs) starting at $3,000 with a $1.50 price per square foot in the Near West 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. |
|---|---|---|---|
| 2509 Seminary Ave, Unit # B | 2509 Seminary Ave | 2BR,1BA | $0.66 |
| 2213 Floyd Ave., Unit B (Downstairs) | 2213 Floyd Ave. | 3BR,2BA | $1.50 |
| Circ Apartments | The Monument | 2BR,2BA | $1.59 |
| Park Plaza @ Belvidere | 2BR/2.0BA | 2BR,2BA | $1.30 |
| The Berkshire | Goshen | 2BR,2BA | $1.26 |
| 1301 W Leigh St | 1301 W Leigh St | 3BR,1BA | $1.67 |
| 209 E Main St | Unit 208 1A | 2BR,1BA | $1.36 |
| 210 E Grace St | 2 Bed/2 Bath | 2BR,2BA | $1.35 |
| Mortons Apartments | 1BR/1.0BA | 1BR,1BA | $1.34 |
| The Stables | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.70 |
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 #57
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 $1,199.
What is the price of a cheap apartment in Midtown Richmond?
The cheapest apartment in Midtown Richmond is Eagle Mill Lofts which is listed at $950, while the average apartment in Midtown Richmond costs $2,079.
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 91 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 $593 which is $1,486 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.
Articles, How-To's, and Tips

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.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.