
Cheap Apartments for Rent in the Midtown Richmond Neighborhood of Richmond, VA from $700 (118 Rentals)
Search the lowest-cost Apartments available for rent right now in the Midtown Richmond area of Richmond.


Total Monthly Price
1301 Idlewood Ave, Unit 1301

The Mezzo Lofts

516 S Pine St, Unit 2

Mortons Apartments

The Berkshire

302 Goshen St, Unit 106

1016 Park Ave

1318 W Broad St, Unit 404

Total Monthly Price
T and E Apartments
The Richmond Renter's Guide to Living Near Work
Get the inside scoop on Richmond's most livable neighborhoods and find the perfect apartment close to where you work. Our local expert breaks it all down by the city's top employers like VCU Health and Costar.

217 E Grace St

14 S Plum St

Total Monthly Price
209 E Main St

2002 Rosewood Ave

Eagle Mill Lofts

Total Monthly Price
Towers on Franklin

The Foundry Apartments

Total Monthly Price
Spectrum Apartments

The Concord Northside

The Biggs Building
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

The Corner Lofts

308 W Broad St

1510 W. Broad Street

Total Monthly Price
311 W. Franklin

Park Northside Apartments

Cookie Factory Lofts

Total Monthly Price
1103A N Arthur Ashe Blvd, Unit B

Total Monthly Price
Iron House Apartments

District Square Apartments

Southern Stove Lofts
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.

Grace & Monroe Apartments

Centennial Terrace

Atrium on Broad Apartments

Total Monthly Price
2509 Seminary Ave, Unit # B

2517 W Grace St

Cary Belvidere Apartments

Total Monthly Price
Deco at CNB

Total Monthly Price
Sphere

1005 W Franklin St

1 West Cary Apartments
Richmond’s Best Affordable Neighborhoods
Learn about Richmond and the best affordable places to live by our Local Expert Richard Corrigan

1005 Grove Ave Apartments

The Collection of Historic Richmond

Total Monthly Price
1118 Grove Ave

2525 Park Ave

Total Monthly Price
Todd Lofts

1322 W Broad St

1622 Grove Ave

302 Goshen St, Unit 203

Total Monthly Price
805W Lofts

Total Monthly Price
Coliseum Lofts
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 | $1,490 | $920 | $2,099 |
| Midtown Richmond 1 Bedroom Apartments | $1,615 | $1,081 | $2,900 |
| Midtown Richmond 2 Bedroom Apartments | $1,980 | $939 | $4,540 |
| Midtown Richmond 3 Bedroom Apartments | $2,316 | $819 | $3,800 |
| Midtown Richmond 4 Bedroom Apartments | $1,112 | $710 | $3,300 |
Browse Apartments in this Neighborhood
There are currently 118 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
- 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 1 Bed unit found at 11 E Broad St priced from $749. 1128 W. Grace St.* has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,050. Here are the most affordable Midtown Richmond apartments for rent in Richmond, VA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 11 E Broad St | 1 Beds, 1 Baths | 1BR,1BA | $749 |
| 1128 W. Grace St.* | 1BR/1.0BA | 1BR,1BA | $1,050 |
| 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 |
| Grace St 1120 | Grace St 1120 - 16 | 1BR,1BA | $1,175 |
| Park Northside Apartments | 2B/1BA TH Classic | 2BR,1BA | $1,195 |
| 1318 W. Broad St. | 2 Beds, 1 Bath | 2BR,1BA | $1,195 |
| 311 W. Franklin | Harrison | Studio,1BA | $1,195 |
Best Value Apartments for Rent in Midtown Richmond, VA
As of August 19, 2026 the best value apartment in the Midtown Richmond area is the $0.59 price per square foot 2509 Seminary Ave Model at 2509 Seminary Ave, Unit # B in the in the Bellevue neighborhood starting from $1,325. The second greatest value Midtown Richmond apartment is the Broad St W 200 - 202 Model at Broad St W 200 starting at $2,300 with a $1.39 price per square foot in the Downtown Richmond 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 | $0.59 |
| Broad St W 200 | Broad St W 200 - 202 | 3BR,2BA | $1.39 |
| 1301 Idlewood Ave, Unit 1301 | 1301 Idlewood Ave | 4BR,2BA | $0.58 |
| Marshall Park | 4x4 - Priced Per Bedroom | 4BR,4BA | $0.59 |
| 16 W Broad St, Unit Apartment 1 | 16 W Broad St | 3BR,2BA | $1.36 |
| The Berkshire | Adams | 2BR,2BA | $1.28 |
| 1701 W Leigh St | 1701 W Leigh St | 2BR,1BA | $1.33 |
| The James | JAMES-2 | 2BR,2BA | $0.89 |
| Stuart and Davis | 1 Bedroom / 1 Bath - 650sqft | 1BR,1BA | $1.40 |
| 1510 W. Broad Street | 1 Bedroom / 1 Bath - 599sqft | 1BR,1BA | $1.38 |
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 $1,195.
What is the price of a cheap apartment in Midtown Richmond?
The cheapest apartment in Midtown Richmond is 11 E Broad St which is listed at $749, while the average apartment in Midtown Richmond costs $1,618.
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 67 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 $490 which is $1,128 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

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.

Explore The River City Like a Local: The Insider's 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 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.

A Local Expert's 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.
Articles, How-To's, and Tips

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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.