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Highlight reel

Highlights

  • Rent Special
  • Pet Friendly

Location

700 E Franklin St, Richmond, VA 23219, USA|Capitol District
Hi! Let’s figure out if this property is right for you.

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Tour The Edison

Contact

Management

Drucker + Falk

Our team has verified this company

Leasing office

(804) 710-4005

Open 

Monday 9:00 am–5:00 pm ET

Property Overview

The Edison earns a standout Zumper expert rating of 9.9 out of 10, with top scores for price, amenities, location, and quality, plus strong trustworthiness. It also offers a variety of floor plans, 47 photos, and strong value metrics, while being well suited for fitness and wellness, sustainability, pet friendliness, social life, and work-from-home needs.

This summary uses Zumper’s proprietary data. “Zumper Expert Ratings,” “Things you’ll love,” and “Great for” are based on our internal analyses of market trends and renter insights.

Zumper Expert Rating

9.9
Excellent
With an impressive overall rating of 9.9 out of 10, The Edison is one of the top properties in Capitol District. It stands out for Price, Amenities, and Location, so residents can expect their monthly rent payments to give them elevated features, an exceptional standard of living, and a phenomenal experience.

Things you’ll love

  • Less expensive
  • More space
  • Eco-friendly trash disposal

Great for

  • Social life
  • Wellness
  • Pet owners

Floor plans

One Bedroom1 bed1 bath565+ sqft$1,163–$1,510 /mo12 units available
Two Bedroom2 bed2 bath762+ sqft$1,575–$1,945 /mo11 units available
StudioStudio1 bath382 sqftAsk to join waitlistComing soon
Three Bedroom3 bed3 bath1,228 sqftAsk to join waitlistComing soon

Let's explore this property.

Amenities for The Edison

Apartment Amenities

Air ConditioningBalcony
Ceiling FanCeiling Fan In Living Room
Central Air ConditioningCustom Window Coverings
Digital ThermostatHardwood Floor
Large ClosetsPatio
SkylightsWalk-in Closet

Appliances

In-Unit Laundry

Tech

Washer/Dryer In Every Home

Building

Business CenterCats OK
Clubroom with Coffee BarControlled Access
Dogs OKFitness Center
Movie TheaterStudy Room
Trash ChutesWheelchair Accessible
Yoga Studio

Grounds

Garage ParkingStorage
Storage Units Available

Services

On-Site ManagementPackage Service
Recycling

Other

Friendly On-Site Management TeamShort Term Lease
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.

Policies and fees

Applicants

Applicants

One-time.

Contact Property

REQUIRED FEES

Security Deposit

One-time. Refundable.

Contact Property

OPTIONAL FEES

Parking Policy

Garage Parking

Dog Policy

Allowed
Limit2

Cat Policy

Allowed
Limit2

Cat

Cat Fee

One-time. 2 cats max. Refund Policy: Non-refundable.

$300

Cat Rent

Monthly. Refund Policy: Non-refundable.

$35

Dog

Dog Fee

One-time. 2 dogs max. Refund Policy: Non-refundable.

$300

Dog Rent

Monthly. Refund Policy: Non-refundable.

$35

Questions about this property’s policies and fees?

Building details

Property details

Units174

About The Edison

HomeApartments in RichmondCapitol District The Edison

Kick back, relax and enjoy the good life at The Edison Apartments. Our studio, 1, 2 & 3 bedroom apartments in Richmond, Virginia, come in a variety of floor plans so you can choose your ideal living space. Our convenient location in Capitol District Richmond places you moments away from popular dining, shopping, and outdoor recreation. The home you’ve been searching for is waiting for you at The Edison Apartments.


Zumper Expert Rating

Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
9.9
/10
Excellent
With an impressive overall rating of 9.9 out of 10, The Edison is one of the top properties in Capitol District. It stands out for Price, Amenities, and Location, so residents can expect their monthly rent payments to give them elevated features, an exceptional standard of living, and a phenomenal experience.
How we rated The Edison
Price·10A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
The Edison offers an excellent balance between price and value. It's priced competitively for its amenities, location, and other key features. Compared to the median price per bedroom in the area, this property is less than, or about the same as, nearby rentals, so residents can expect great value without too many compromises on their desired standard of living.
Amenities·10A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
The Edison stands out as a premier property with an impressive array of amenities and an excellent standard of living. Residents here have access to many of the most popular and desired perks—pets allowed—making this one of the top choices for renters seeking unparalleled comfort and convenience.
Location·10A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
The Edison offers residents unparalleled convenience to popular points of interest, transportation, schools, and more, which provide an elevated quality of life. Communication with management is usually quick and easy, allowing for a more expedited application and renting process, saving you time and money.
Quality·10A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
The Edison has notable characteristics that give it an edge. It is a verified property that stands out from others nearby as an exceptional choice for renters looking for a specific lifestyle. Offering a combination of prestige, modernity, and tailored living experiences, residents can expect nothing short of excellence at The Edison.
Trustworthiness·9A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
The Edison has gone above and beyond to craft a useful, detailed description, demonstrating transparency and trustworthiness, and giving renters a clear picture of what to expect from the property and its management, so they can make an informed decision about whether the rental meets their needs.

The Edison is great for:

Social life

  • 290 restaurants within 1 mile of this property
  • This community has public spaces on site, like fitness centers or pools
  • 121 museums, art galleries, or cultural centers within 1 mile
  • 50 theaters, music venues, or sports arenas nearby

Wellness

  • On-site fitness center or gym
  • HVAC systems available onsite
  • This property has patios or balconies for fresh air
  • 49 parks nearby

Pet owners

  • Outdoor spaces are available at this property
  • 4 pet supply stores near the property
  • 1 pet hospital in the area

Property highlights

We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.

How The Edison compares to other nearby properties.

Positives

Less expensive
Studio units are cheaper than other similar listings nearby
Less expensive
The 1-bedrooms are cheaper than other similar listings nearby
More space
The 1-bedroom is 100 sqft larger than other listings nearby
Eco-friendly trash disposal
This property has recycling pickup
Extra storage
In-unit features
Fitness center
The gym is just a few steps away
Images Available
There are at least 10 photos of this property
Outdoor space
Easy access to the outdoors
Package service
More secure storage for delivery
Walk-in closet
More closet space on average

Considerations

Greater distance from grade schools
The nearest elementary school is farther than 1.0 miles away
Greater distance from middle schools
The nearest middle school is farther than 0.7 miles away

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Rent trends in Capitol District

1-bedroom apartments here are priced 7% lower than 1-bedrooms in Capitol District.

Median rents as of Nov 7 2026.
Capitol District
Richmond
A table of 1-bedroom apartment rental data trends in Richmond
MonthMedian Rent
November 2024$1,410
December 2024$1,408
January 2025$1,419
February 2025$1,426
March 2025$1,398
April 2025$1,363
May 2025$1,373
June 2025$1,397
July 2025$1,399
August 2025$1,408
September 2025$1,397
October 2025$1,407
November 2025$1,440
December 2025$1,450
January 2026$1,433
February 2026$1,428
March 2026$1,421
April 2026$1,410
May 2026$1,442
June 2026$1,413
July 2026$1,396
August 2026$1,413
September 2026$1,402
October 2026$1,402
November 2026$1,420
A table of 1-bedroom apartment rental data trends in Capitol District
MonthMedian Rent
October 2025$1,223
November 2025$1,234
December 2025$1,250

Affordability calculator

Can I afford to live at 700 E Franklin St?

Bedrooms

Rent-to-income ratio

30%

Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income

$46,520/yr

With your selected rent-to-income ratio, you'd ideally want to make $46,520 annually to afford this 1-bedroom monthly rent price of $1,163.
For more information on rent affordability, visit our rent calculator.

Schools near The Edison

Martin Luther King Jr. Early Learning Center

900 mosby st

richmond, VA, 23223

PKPublic

George W. Carver Elementary School

1110 w leigh st

richmond, VA, 23220

PK, K-5Public
C-

Maymont Pre-K Center

1211 s allen ave

richmond, VA, 23220

PKPublic

Amelia Street School

1821 amelia st

richmond, VA, 23220

PK, K-12Public

Summer Hill Preschool Center

2717 alexander ave

richmond, VA, 23234

PKPublic
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Getting around Richmond near 700 E Franklin St

Walking

8/10
Grab your reusable bags–many shops and stores are within walking distance.

Driving

7/10
This area is close to freeways and has adequate parking options.

Cycling

6/10
More spots are within biking distance and some roads are cyclist-friendly.

Transit

7/10
Popular public transit options are just a short walk from this location.

Points of interest for 700 E Franklin St, Richmond

Groceries

6/10
At least one supermarket within a 20-minute walk

Shopping

5/10
Several shops within walking distance

Cafes

6/10
Some cafés within a few minutes’ walk

Restaurants

8/10
Variety of restaurants within a few minutes' walk

Primary schools

9/10
At least one elementary school within a 10-minute walk

High schools

9/10
At least one high school within a 10-minute walk

Parks

7/10
Large amount of park space nearby

Nightlife

6/10
Several bars within a few minutes’ walk

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