Cheap Homes for Rent in Downtown Richmond Neighborhood of Richmond, VA from $800 (23 Rentals)

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Search the lowest-cost Homes available for rent right now in the Downtown Richmond area of Richmond.

property at 3208 Ellwood Ave

3208 Ellwood Ave

RichmondVA23221
property at 14 W Broad St

14 W Broad St

RichmondVA23220
property at 711 W Broad St

711 W Broad St

RichmondVA23220
Showing Results 1-23, Page 1 of 1

Downtown Richmond, Richmond, VA Local Guide

Cheapest Available Downtown Richmond Apartments for Rent

 

The cheapest available apartment rental in the Downtown Richmond area of Richmond, VA is a 1 Bed unit found at Bloom Apartments II priced from $899. Towers on Franklin has the second lowest priced unit, which is a Studio apartment currently listed from $949. Here are the most affordable Downtown Richmond apartments for rent in Richmond, VA:

Apartment ListingModel NameBed/BathPriced From
Bloom Apartments II1Bed/1Bath: 463 sq ft1BR,1BA$899
Towers on FranklinRodneyStudio,1BA$949
Eagle Mill Lofts2bed 1bth2BR,1BA$950
Charming apartment in the heart of Richmond!1BR/1.0BA1BR,1BA$995
The Edison ApartmentsSXDStudio,1BA$1,019

Best Value Apartments for Rent in Downtown Richmond, VA

As of April 10, 2025 the best value apartment in the Downtown Richmond area is the $0.51 price per square foot 4x2 - Priced Per Bedroom Model at Marshall Park in the in the Downtown Richmond neighborhood starting from $756. The second greatest value Downtown Richmond apartment is the 2BR/2.0BA Model at Park Plaza @ Belvidere starting at $1,827 with a $1.31 price per square foot in the Downtown Richmond neighborhood. Here is today’s list of the best values for Downtown Richmond apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Marshall Park4x2 - Priced Per Bedroom4BR,2BA$0.51
Park Plaza @ Belvidere2BR/2.0BA2BR,2BA$1.31
Raven PlaceB1.12BR,2BA$1.47
Courtyard LoftsThe Diamond2BR,2BA$1.62
1 West Cary Apartments1BR/1.0BA1BR,1BA$1.56
The BerkshireCatherine1BR,1BA$1.46
Renovated 2 Bedroom Apartment in Northside!2BR/1.0BA2BR,1BA$1.47
The Shockoe Collection1 Bed 1 Bath1BR,1BA$1.54
Charming apartment in the heart of Richmond!1BR/1.0BA1BR,1BA$1.25
1407 E Cary Street1 Beds, 1 Baths1BR,1BA$1.47

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Frequently Asked Questions about Downtown Richmond

What type of rentals are currently available in Downtown Richmond?

There are currently 701 Apartments for Rent in Downtown Richmond, VA with pricing that ranges from $756 to $11,150. There are also 142 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Richmond ranging from $895 to $4,250.

What is the current price range for Rental Homes in Downtown Richmond?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Richmond ranges from $895 to $4,250 with an average monthly rent of $2,523.

How much are larger Three and Four Bedroom Rentals in Downtown Richmond?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Downtown Richmond range from $879 to $11,150, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,495 to $3,500. Four Bedroom Single-Family rentals are also available starting from $2,100 and Four Bedroom Apartments start at $756.

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.

decorative image for Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

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Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

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Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.

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How Your Move-In Inspection Can Protect Your Security Deposit

Written by: Christine Leonard, Esq.

If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.