Cheap Apartments for Rent in the Midtown Richmond Neighborhood of Richmond, VA from $500 (57 Rentals)

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

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.

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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 1322 W Broad St

1322 W Broad St

RichmondVA23220

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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Goshen Street
Studio to 3 Bedroom Apartments

Goshen Street

302 Goshen StRichmond, VA 23220
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Richmond Arts
Studio to 2 Bedroom Apartments

Richmond Arts

115 N 1st StRichmond, VA 23219
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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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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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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
Studio to 3 Bedroom Apartments

Eagle Mill Towers

1414 W Marshall StRichmond, VA 23220
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Linden Tower
1 to 2 Bedroom Apartments

Linden Tower

116 E Franklin StRichmond, VA 23219
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The Stables
1 to 2 Bedroom Apartments

The Stables

410 Hancock StRichmond, VA 23220
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1 West Cary
1 to 2 Bedroom Apartments

1 West Cary

106 S Foushee StRichmond, VA 23220
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408-410 Dobson St
2 Bedroom Apartments

408-410 Dobson St

408-410 Dobson StRichmond, VA 23220

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Pine Court II
Studio to 3 Bedroom Apartments

Pine Court II

611 W Cary StRichmond, VA 23220
Student Housing
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Pine Court Apartments III
Studio to 3 Bedroom Apartments

Pine Court Apartments III

723-725 W Cary StRichmond, VA 23220
Student Housing
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Pine Court I
Studio to 2 Bedroom Apartments

Pine Court I

707 W Cary StRichmond, VA 23220
Student Housing
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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 3 Beds unit found at Chesterfield Apartments priced from $807. Eagle Mill Lofts has the second lowest priced unit, which is a Studio apartment currently listed from $925. Here are the most affordable Midtown Richmond apartments for rent in Richmond, VA:

Apartment ListingModel NameBed/BathPriced From
Chesterfield ApartmentsTHE MULBERRY FLOOR PLAN - SUITE II3BR,1BA$807
Eagle Mill LoftsStudiosStudio,1BA$925
The Foundry ApartmentsOne Bedroom1BR,1BA$1,013
The Mezzo LoftsMontage Gallery - StudiosStudio,1BA$1,050
The Stables1 Bedroom 1 Bathroom1BR,1BA$1,055
Mortons Apartments1BR/1.0BA1BR,1BA$1,100
Revival Apartments1 Bedroom 1 Bath1BR,1BA$1,149
Parc View at CommonwealthD5 - Penthouse4BR,4BA$1,165
1510 W Broad St - Residential1BR/1.0BA1BR,1BA$1,195

Best Value Apartments for Rent in Midtown Richmond, VA

As of September 06, 2025 the best value apartment in the Midtown Richmond area is the $1.42 price per square foot 715 W Clay St Model at 715 W Clay St, Unit B in the in the Downtown Richmond neighborhood starting from $2,595. The second greatest value Midtown Richmond apartment is the 4x2 - Priced Per Bedroom Model at Marshall Park starting at $699 with a $0.47 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 ListingModel NameBed/BathPrice Per Sq.Ft.
715 W Clay St, Unit B715 W Clay St3BR,2BA$1.42
Marshall Park4x2 - Priced Per Bedroom4BR,2BA$0.47
Park Plaza @ Belvidere2BR/2.0BA2BR,2BA$1.67
Iron House Apartments2 Bedroom 2 Bath with Office2BR,2BA$1.46
Cary Belvidere ApartmentsTwo Beds2BR,2BA$1.48
511 W Marshall St, Unit 101 Main Floor511 W Marshall St2BR,1BA$1.62
Mortons Apartments1BR/1.0BA1BR,1BA$1.42
2 E Broad St1BR/1.0BA1BR,1BA$1.67
Revival Apartments1 Bedroom 1 Bath1BR,1BA$1.69
The Foundry ApartmentsOne Bedroom1BR,1BA$1.61

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 #52

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!

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 $1,195.

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 $995, while the average apartment in Midtown Richmond costs $1,999.

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 117 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 $557 which is $1,442 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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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.