Cheap Apartments for Rent in the City Center Richmond Neighborhood of Richmond, VA from $600 (27 Rentals)

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Search the lowest-cost Apartments available for rent right now in the City Center 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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Richmond Arts
Studio to 2 Bedroom Apartments

Richmond Arts

115 N 1st StRichmond, VA 23219
  • Utilities Included
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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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Linden Tower
1 to 2 Bedroom Apartments

Linden Tower

116 E Franklin StRichmond, VA 23219
  • Utilities Included
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The Jackson on Broad
Studio to 2 Bedroom Apartments

The Jackson on Broad

20-22 E Broad StRichmond, VA 23219
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207 N 3rd St
1 Bedroom Apartments

207 N 3rd St

207 N 3rd StRichmond, VA 23219
  • Utilities Included

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Shockoe Commons
1 to 2 Bedroom Apartments

Shockoe Commons

1215 E Main StRichmond, VA 23219
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420 Place
1 Bedroom Apartments

420 Place

420 E Grace StRichmond, VA 23219
  • Utilities Included
Showing Results 1-27, Page 1 of 1

Cheapest Available City Center Richmond Apartments for Rent

 

The cheapest available apartment rental in the City Center Richmond area of Richmond, VA is a Studio unit found at Towers on Franklin priced from $900. The Mezzo Lofts has the second lowest priced unit, which is a Studio apartment currently listed from $971. Here are the most affordable City Center Richmond apartments for rent in Richmond, VA:

Apartment ListingModel NameBed/BathPriced From
Towers on FranklinHarrisonStudio,1BA$900
The Mezzo LoftsMontage Gallery - StudiosStudio,1BA$971
Atrium on Broad Apartments1BR/1.0BA1BR,1BA$1,025
The Shockoe Collection1 Bed 1 Bath1BR,1BA$1,099
210 E Grace St1bed/1bath1BR,1BA$1,100
Residences at the John MarshallStudioStudio,1BA$1,145
Revival Apartments1 Bedroom 1 Bath1BR,1BA$1,149
Mortons Apartments1BR/1.0BA1BR,1BA$1,159
District Square Apartments1Bd1Ba-5071BR,1BA$1,168
2 E Broad St1BR/1.0BA1BR,1BA$1,195

Best Value Apartments for Rent in City Center Richmond, VA

As of January 01, 2026 the best value apartment in the City Center Richmond area is the $1.10 price per square foot Two Bed Two Bath Model at Broadway Apartments in the in the Downtown Richmond neighborhood starting from $1,496. The second greatest value City Center Richmond apartment is the Unit 208A Model at 209 E Main St starting at $1,500 with a $1.36 price per square foot in the Downtown Richmond neighborhood. Here is today’s list of the best values for City Center Richmond apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Broadway ApartmentsTwo Bed Two Bath2BR,2BA$1.10
209 E Main StUnit 208A2BR,1BA$1.36
Marshall Street Apartments1BR/1.0BA1BR,1BA$1.25
Shockoe CollectionB3 - 2 Bed 2 Bath2BR,2BA$1.55
The Jackson on Broad2 Bedroom 2 Bath - 190442BR,2BA$1.69
2 E Broad St1BR/1.0BA1BR,1BA$1.60
210 E Grace St1bed/1bath1BR,1BA$1.58
Revival Apartments1 Bedroom 1 Bath1BR,1BA$1.69
Atrium on Broad Apartments1BR/1.0BA1BR,1BA$1.63
The Mezzo LoftsMontage Gallery - StudiosStudio ,1BA$1.68

Frequently Asked Questions about Cheap City Center Richmond Apartments

What is a cheap apartment in City Center Richmond?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in City Center Richmond is under $1,195.

What is the price of a cheap apartment in City Center Richmond?

The cheapest apartment in City Center Richmond is Atrium on Broad Apartments which is listed at $1,025, while the average apartment in City Center Richmond costs $2,416.

What types of apartments are the cheapest in City Center 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 27 regular apartments in City Center 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 City Center Richmond?

Cheap apartments in City Center Richmond have an average cost of $221 which is $2,195 cheaper than the average rent for all rentals in City Center 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.

Articles, How-To's, and Tips

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.

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How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips

Written by: Justin Habersaat

Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.