Cheap Apartments for Rent in the Midtown Richmond Neighborhood of Richmond, VA from $500 (61 Rentals)

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

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.

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property at 1144 W Grace St

1144 W Grace St

RichmondVA23220

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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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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Richmond Arts
1 Bedroom Apartments

Richmond Arts

115 N 1st StRichmond, VA 23219
  • Utilities Included
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Virginia Apartments
1 to 2 Bedroom Apartments

Virginia Apartments

2602-2608 Kensington AveRichmond, VA 23220
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Jernigin Hall
Studio to 1 Bedroom Apartments

Jernigin Hall

314 W Grace StRichmond, VA 23220
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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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501-503 E Main St
1 Bedroom Apartments

501-503 E Main St

501-503 E Main StRichmond, VA 23219
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Eagle Mill Towers
1 to 2 Bedroom Apartments

Eagle Mill Towers

1414 W Marshall StRichmond, VA 23220
  • Utilities Included
Showing Results 1-50, Page 1 of 2

Midtown Richmond, Richmond, VA Local Guide

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 Foundry Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,013. Here are the most affordable Midtown Richmond apartments for rent in Richmond, VA:

Apartment ListingModel NameBed/BathPriced From
Eagle Mill Lofts2bed 1bth2BR,1BA$950
The Foundry ApartmentsOne Bedroom1BR,1BA$1,013
Coliseum LoftsE2.2Studio,1BA$1,049
1318 W. Broad St.1 Beds, 1 Baths1BR,1BA$1,095
210 E Grace St1bed/1bath1BR,1BA$1,100
T and E Apartments0 Bed 1 BathStudio,1BA$1,130
Parc View at CommonwealthD5 - Penthouse4BR,4BA$1,145
Revival Apartments1 Bedroom 1 Bath1BR,1BA$1,149
Monroe Park Towers Apartments0BR/1.0BAStudio,1BA$1,196
1 N 3rd StStudioStudio,1BA$1,200

Best Value Apartments for Rent in Midtown Richmond, VA

As of July 17, 2025 the best value apartment in the Midtown Richmond area is the $1.47 price per square foot The Overbrook Model at The Westbrook Townhomes at Brewers Row in the in the Bellevue neighborhood starting from $4,050. The second greatest value Midtown Richmond apartment is the 1714 W Cary St Model at 1714 W Cary St, Unit 4 starting at $2,700 with a $1.63 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 ListingModel NameBed/BathPrice Per Sq.Ft.
The Westbrook Townhomes at Brewers RowThe Overbrook3BR,2.5BA$1.47
1714 W Cary St, Unit 41714 W Cary St2BR,2.5BA$1.63
Marshall Park4x2 - Priced Per Bedroom4BR,2BA$0.51
Park Plaza @ Belvidere2BR/2.0BA2BR,2BA$1.36
511 W Marshall St, Unit 101 Main Floor511 W Marshall St2BR,1BA$1.75
The Mezzo LoftsMotif Gallery - 2 Bedroom 1.5 Bath2BR,1.5BA$1.61
1510 W Broad St - Residential2BR/2.0BA2BR,2BA$1.54
404 W Broad St, Unit 201404 W Broad St1BR,1BA$1.71
Revival Apartments1 Bedroom 1 Bath1BR,1BA$1.69
The Foundry ApartmentsOne Bedroom1BR,1BA$1.61

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Pet Friendly Lifestyle
Midtown Richmond, Richmond, VA

Ranked #51

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 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!

Getting Around the Midtown Richmond Neighborhood in Richmond, VA

Walk Score®

90 / 100

Walker’s Paradise

Daily errands do not require a car

Bike Score®

85 / 100

Very Bikeable

Biking is convenient for most trips

Transit Score®

52 / 100

Good Transit

Many 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 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 $1,200.

What is the price of a cheap apartment in Midtown Richmond?

The cheapest apartment in Midtown Richmond is The Foundry Apartments which is listed at $1,013, 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 81 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 $543 which is $1,536 cheaper than the average rent for all rentals in Midtown Richmond.

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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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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.