
Cheap Homes for Rent in Midtown Richmond Neighborhood of Richmond, VA from $700 (25 Rentals)
Search the lowest-cost Homes available for rent right now in the Midtown Richmond area of Richmond.


501 W Grace St, Unit A

311 W Franklin St, Unit 1105

1011 W Marshall St, Unit 212

123 E Broad St

301 Goshen St
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.

615 Albemarle St

421 W Grace St

507 W Grace St, Unit C

421 W Grace St, Unit 102

421 W Grace St, Unit 101

2806 Hawthorne Ave
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.

421 W Grace St, Unit 100

Total Monthly Price
2207 W Grace St, Unit Apt C

2307 W Main St, Unit A

1333 W Broad St, Unit 514

1333 W Broad St, Unit 510, Unit 510

1318 W Broad St, Unit 202
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.

223 S Cherry St, Unit 1C

1103 W Franklin St, Unit A

806 W Cary St

800 W Cary St

505 W Grace St, Unit A

9a S Adams St
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.

7 S Adams St
Midtown Richmond, Richmond, VA Local Guide

How much does it cost to rent a home in Midtown Richmond?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Midtown Richmond 2 Bedroom Homes for Rent | $1,645 | $1,350 | $2,000 |
| Midtown Richmond 3 Bedroom Homes for Rent | $2,638 | $1,700 | $3,950 |
| Midtown Richmond 4 Bedroom Homes for Rent | $3,048 | $2,600 | $3,600 |
| Midtown Richmond 5 Bedroom Homes for Rent | $3,798 | $3,195 | $4,200 |
Browse Homes for Rent in this Neighborhood
There are currently 25 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
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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 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Eagle Mill Lofts | 2bed 2bth | 2BR,2BA | $950 |
| The Stables | 1 Bedroom 1 Bathroom | 1BR,1BA | $1,055 |
| Towers on Franklin | Gold | Studio,1BA | $1,125 |
| The Foundry Apartments | One Bedroom | 1BR,1BA | $1,135 |
| Atrium on Broad Apartments | 1BR/1.0BA | 1BR,1BA | $1,149 |
Best Value Apartments for Rent in Midtown Richmond, VA
As of May 25, 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 2509 Seminary Ave, Unit # B | 2509 Seminary Ave | 2BR,1BA | $0.66 |
| 2213 Floyd Ave., Unit B (Downstairs) | 2213 Floyd Ave. | 3BR,2BA | $1.50 |
| Park Plaza @ Belvidere | 2BR/2.0BA | 2BR,2BA | $1.33 |
| The Berkshire | Goshen | 2BR,2BA | $1.26 |
| 1301 W Leigh St | 1301 W Leigh St | 3BR,1BA | $1.67 |
| 209 E Main St | Unit 208 1A | 2BR,1BA | $1.36 |
| 210 E Grace St | 2 Bed/2 Bath | 2BR,2BA | $1.35 |
| Mortons Apartments | 1BR/1.0BA | 1BR,1BA | $1.34 |
| The Stables | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.70 |
| Eagle Mill Lofts | Studios | Studio ,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.
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
Frequently Asked Questions about Midtown Richmond
What type of rentals are currently available in Midtown Richmond?
There are currently 398 Apartments for Rent in Midtown Richmond, VA with pricing that ranges from $729 to $4,595. There are also 68 Single Family Homes for rent, Condos, and Townhome rentals currently available in Midtown Richmond ranging from $750 to $4,200.
What is the current price range for Rental Homes in Midtown Richmond?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Midtown Richmond ranges from $750 to $4,200 with an average monthly rent of $2,393.
How much are larger Three and Four Bedroom Rentals in Midtown Richmond?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Midtown Richmond range from $810 to $3,800, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,700 to $3,950. Four Bedroom Single-Family rentals are also available starting from $2,600 and Four Bedroom Apartments start at $729.
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

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.

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.

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

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.

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.

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.

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.