Cheap Apartments for Rent in the Midtown Richmond Neighborhood of Richmond, VA from $600 (145 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
property at 1017 W Leigh St

$950

Total Monthly Price

Total Monthly Price

Base Rent
$950

Total Monthly Price
$950

1 Bedroom, 1 Bath Home for Rent

Available Now

1017 W Leigh St

RichmondVA23220
property at 1019 W Leigh St

$950

Total Monthly Price

Total Monthly Price

Base Rent
$950

Total Monthly Price
$950

1 Bedroom, 1 Bath Home for Rent

Available Now

1019 W Leigh St

RichmondVA23220
property at 1106 W Main St

$1,100

Total Monthly Price

Total Monthly Price

Base Rent
$1,100

Total Monthly Price
$1,100

1 Bedroom, 1 Bath Home for Rent

Available Aug 7

1106 W Main St

RichmondVA23220

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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Coliseum Lofts
Rent Specials
$1,104 - $2,881
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,092 - $2,869
Required Monthly Fees
$12

Total Monthly Price
$1,104 - $2,881
Studio to 3 Bedroom Apartments Available Now

Coliseum Lofts

1335-1387 W Broad StRichmond, VA 23220
Student Housing
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  • Customer Reviewed
  • Utilities Included
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Towers on Franklin
Rent Specials
$1,105 - $2,029
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$970 - $1,894
Required Monthly Fees
$135

Total Monthly Price
$1,105 - $2,029
Studio to 2 Bedroom Apartments Available Now

Towers on Franklin

104 W Franklin StRichmond, VA 23220
Student Housing
  • Verified
  • Customer Reviewed
  • 3D Tour
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T and E Apartments
Rent Specials
$1,150 - $1,995
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,150 - $1,995

Total Monthly Price
$1,150 - $1,995
Studio to 3 Bedroom Apartments Available Now

T and E Apartments

1011 W Marshall StRichmond, VA 23220
Transit Friendly
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  • Smoke Free

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
$1,229 - $1,925
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,124 - $1,820
Required Monthly Fees
Varies

Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

Iron House Apartments

1309 W Broad StRichmond, VA 23220
Transit Friendly
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property at 1719 Blair St

$1,249

Total Monthly Price

Total Monthly Price

Base Rent
$1,249

Total Monthly Price
$1,249

1 Bedroom, 1 Bath Home for Rent

Available Now

1719 Blair 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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Deco at CNB
$1,265 - $1,702
Total Monthly Price

Total Monthly Price

Base Rent
$1,259 - $1,696
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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  • 3D Tour
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The Edgar at Linden Row
$1,341
Total Monthly Price

Total Monthly Price

Base Rent
$1,335
Required Monthly Fees
Varies

Total Monthly Price
Varies
Studio to 1 Bedroom Apartments Available Jun 28

The Edgar at Linden Row

114 E Franklin StRichmond, VA 23219
Corporate Housing
  • Verified
  • Customer Reviewed
  • 3D Tour

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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The Cooperage
$1,350 - $3,039
Total Monthly Price

Total Monthly Price

Base Rent
$1,350 - $3,039

Total Monthly Price
$1,350 - $3,039
1 to 2 Bedroom Apartments Available Now

The Cooperage

1650 Overbrook RdRichmond, VA 23220
Corporate Housing
  • Verified
  • Customer Reviewed
  • Utilities Included
property at 1721 Blair St

$1,350

Total Monthly Price

Total Monthly Price

Base Rent
$1,350

Total Monthly Price
$1,350

1 Bedroom, 1 Bath Home for Rent

Available Now

1721 Blair St

RichmondVA23220
property at 308 W Broad St

$1,350 - $1,550

Total Monthly Price

Total Monthly Price

Base Rent
$1,350

Total Monthly Price
$1,350

1 To 2 Bedroom Rentals

Available Jun 5

308 W Broad St

RichmondVA23220
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The Loop at Midtown
Rent Specials
$1,354 - $2,225
Total Monthly Price

Total Monthly Price

Base Rent
$1,249 - $2,120
Required Monthly Fees
$105

Total Monthly Price
$1,354 - $2,225
1 to 3 Bedroom Apartments Available Jun 25

The Loop at Midtown

2 W Franklin StRichmond, VA 23220
Affordability
  • Verified
  • Customer Reviewed

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

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 1bth2BR,1BA$950
The Stables1 Bedroom 1 Bathroom1BR,1BA$1,055
Towers on FranklinGoldStudio,1BA$1,105
The Foundry ApartmentsOne Bedroom1BR,1BA$1,135
Atrium on Broad Apartments1BR/1.0BA1BR,1BA$1,149
T and E ApartmentsStudioStudio,1BA$1,150
Park Northside Apartments2B/1BA TH Classic2BR,1BA$1,195
Monroe Park Towers Apartments0BR/1.0BAStudio,1BA$1,197
Cookie Factory LoftsStudioStudio,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 ListingModel NameBed/BathPrice Per Sq.Ft.
2509 Seminary Ave, Unit # B2509 Seminary Ave2BR,1BA$0.66
2213 Floyd Ave., Unit B (Downstairs)2213 Floyd Ave.3BR,2BA$1.50
Circ ApartmentsThe Monument2BR,2BA$1.59
Park Plaza @ Belvidere2BR/2.0BA2BR,2BA$1.30
The BerkshireGoshen2BR,2BA$1.26
1301 W Leigh St1301 W Leigh St3BR,1BA$1.67
209 E Main StUnit 208 1A2BR,1BA$1.36
210 E Grace St2 Bed/2 Bath2BR,2BA$1.35
Mortons Apartments1BR/1.0BA1BR,1BA$1.34
The Stables1 Bedroom 1 Bathroom1BR,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.

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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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Quick 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.

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Pet Friendly Lifestyle
Midtown Richmond, Richmond, VA

Ranked #57

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 $1,199.

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

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.

decorative image for Your Guide to Picking the Perfect Richmond Neighborhood for Student Renters article

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.

Articles, How-To's, and Tips

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

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.

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts  article

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.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.