Cheap Apartments for Rent in the Midtown Richmond Neighborhood of Richmond, VA from $700 (147 Rentals)

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

property at 603 Chamberlayne Pky

$750

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$750

Total Monthly Price
$750

1 Bedroom, 1 Bath Townhome for Rent

Available Now

603 Chamberlayne Pky

RichmondVA23220
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209 E Main St
$1,100 - $1,700
Total Monthly Price

Total Monthly Price

Base Rent
$1,100 - $1,700

Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

209 E Main St

209 E Main StRichmond, VA 23219
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Towers on Franklin
Rent Specials
$1,135 - $2,139
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$990 - $1,994
Required Monthly Fees
$145

Total Monthly Price
$1,135 - $2,139
Studio to 2 Bedroom Apartments Available Now

Towers on Franklin

104 W Franklin StRichmond, VA 23220
Student Housing
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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.

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Spectrum Apartments
Rent Specials
$1,175 - $3,284
Total Monthly Price

Total Monthly Price

Base Rent
$1,175 - $3,284

Total Monthly Price
$1,175 - $3,284
Studio to 3 Bedroom Apartments Available Now

Spectrum Apartments

2017 Brook RdRichmond, VA 23220
Student Housing
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Franklin Street Apartments
Rent Specials
$1,195 - $1,495
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,195 - $1,495

Total Monthly Price
$1,195 - $1,495
Studio to 1 Bedroom Apartments Available Now

Franklin Street Apartments

311 W Franklin StRichmond, VA 23220
Student Housing
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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.

property at 1607 Brookfield St

$1,195

Total Monthly Price

Total Monthly Price

Base Rent
$1,195

Total Monthly Price
$1,195

2 Bedroom, 1 Bath Home for Rent

Available Now

1607 Brookfield St

RichmondVA23222
property at 1608 Brookfield St

$1,195

Total Monthly Price

Total Monthly Price

Base Rent
$1,195

Total Monthly Price
$1,195

2 Bedroom, 1 Bath Home for Rent

Available Now

1608 Brookfield St

RichmondVA23222
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Iron House Apartments
Rent Specials
$1,228 - $1,925
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,123 - $1,820
Required Monthly Fees
Varies

Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Aug 7

Iron House Apartments

1309 W Broad StRichmond, VA 23220
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property at 1414 W Marshall St

$1,250

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,250

Total Monthly Price
$1,250

1 Bedroom, 1 Bath Condo for Rent

Available Jul 15

1414 W Marshall St, Unit 502

1414 W Marshall St
RichmondVA23220
property at 12 W Clay St

$1,295 - $2,195

Total Monthly Price

Total Monthly Price

Base Rent
$1,295

Total Monthly Price
$1,295

1 To 2 Bedroom Rentals

Available Now

12 W Clay St

RichmondVA23220

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.

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The Loop at Midtown
$1,319 - $2,600
Total Monthly Price

Total Monthly Price

Base Rent
$1,219 - $2,500
Required Monthly Fees
$100

Total Monthly Price
$1,319 - $2,600
1 to 3 Bedroom Apartments Available Now

The Loop at Midtown

2 W Franklin StRichmond, VA 23220
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Deco at CNB
$1,337 - $2,104
Total Monthly Price

Total Monthly Price

Base Rent
$1,331 - $2,098
Required Monthly Fees
Varies

Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

Deco at CNB

219 E Broad StRichmond, VA 23219
Student Housing
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Sphere
Rent Specials
$1,340 - $3,377
Total Monthly Price

Total Monthly Price

Base Rent
$1,340 - $3,377

Total Monthly Price
$1,340 - $3,377
Studio to 2 Bedroom Apartments Available Now

Sphere

2005 Brook RdRichmond, VA 23220
Student Housing
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property at 308 W Broad St

$1,350 - $1,575

Total Monthly Price

Total Monthly Price

Base Rent
$1,350

Total Monthly Price
$1,350

1 To 2 Bedroom Rentals

Available Now

308 W Broad St

RichmondVA23220

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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805W Lofts
$1,395 - $2,195
Total Monthly Price

Total Monthly Price

Base Rent
$1,395 - $2,195

Total Monthly Price
$1,395 - $2,195
1 to 2 Bedroom Apartments Available Now

805W Lofts

805 W Cary StRichmond, VA 23220
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Todd Lofts
$1,403 - $2,841
Total Monthly Price

Total Monthly Price

Base Rent
$1,403 - $2,841

Total Monthly Price
$1,403 - $2,841
Studio to 3 Bedroom Apartments Available Jul 31

Todd Lofts

1128 Hermitage RdRichmond, VA 23220
Corporate Housing
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  • Utilities Included
property at 1005 W Franklin St

$1,450

Total Monthly Price

Total Monthly Price

Base Rent
$1,450

Total Monthly Price
$1,450

1 Bedroom, 1 Bath Home for Rent

Available Aug 1

1005 W Franklin St

RichmondVA23220
property at 511 Ryland St

$1,450

Total Monthly Price

Total Monthly Price

Base Rent
$1,450

Total Monthly Price
$1,450

2 Bedroom, 1 Bath Home for Rent

Available Aug 11

511 Ryland St

RichmondVA23220

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

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 ListingModel NameBed/BathPriced From
Eagle Mill Lofts2bed 2bth2BR,2BA$950
The Stables1 Bedroom 1 Bathroom1BR,1BA$1,055
209 E Main StUnit 4,6,81BR,1BA$1,100
The Foundry ApartmentsOne Bedroom1BR,1BA$1,135
Atrium on Broad Apartments0BR/1.0BAStudio,1BA$1,159
Monroe Park Towers Apartments0BR/1.0BAStudio,1BA$1,164
Mortons Apartments1BR/1.0BA1BR,1BA$1,169
Grace St 1120Grace St 1120 - 171BR,1BA$1,175
Park Northside Apartments2B/1BA TH Classic2BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
1318 W. Broad St.3 Beds, 2 Baths3BR,2BA$0.19
2509 Seminary Ave, Unit # B2509 Seminary Ave2BR,1BA$0.62
16 W Broad St, Unit Apartment 116 W Broad St3BR,2BA$1.36
Park Plaza @ Belvidere2BR/2.0BA2BR,2BA$1.44
1103 W Franklin St3 Beds, 1.5 Baths3BR,1.5BA$1.36
210 E Grace St2 Bed/2 Bath2BR,2BA$1.35
Stuart and Davis1 Bedroom / 1 Bath - 650sqft1BR,1BA$1.40
Mortons Apartments1BR/1.0BA1BR,1BA$1.28
The Stables1 Bedroom 1 Bathroom1BR,1BA$1.70
Eagle Mill LoftsStudiosStudio ,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.

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The 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

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Real 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.

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How much rent can you afford?

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Pet Friendly Lifestyle
Midtown Richmond, Richmond, VA

Ranked #55

Among cities in Virginia 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!

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

decorative image for A Local Experts Guide To the Top Budget-Friendly Neighborhoods to Rent in Richmond, VA article

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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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.

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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.

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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

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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.

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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.

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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.

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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.