
Cheap Apartments for Rent in the City Center Richmond Neighborhood of Richmond, VA from $700 (62 Rentals)
Search the lowest-cost Apartments available for rent right now in the City Center Richmond area of Richmond.


The Mezzo Lofts

Total Monthly Price
Towers on Franklin

District Square Apartments

The Edison

Mortons Apartments

Total Monthly Price
The Shockoe Collection

Total Monthly Price
Deco at CNB

The Hill Building

The Penny at Jackson Ward
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.

Atrium on Broad Apartments

Centennial Terrace

Total Monthly Price
Residences at Richmond Trust

Residences at the John Marshall

Capitol Lofts

Marshall Street Apartments

308 W Broad St

Total Monthly Price
The Locks

First National Apartments

Total Monthly Price
The Loop at Midtown
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.

210 E Grace St

Total Monthly Price
One Canal Apartments

7 East Franklin

319 N 2nd St, Unit B

Broadway Apartments

Mutual on Main Apartments

Miller and Rhoads Residences

Total Monthly Price
1 N 3rd St

The Locks Tower

215 E Grace St
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.

Total Monthly Price
Harper's Flats

Total Monthly Price
11 S 2nd St

Total Monthly Price
16 W Broad St, Unit Apartment 1

112 E Clay St, Unit 112 E Clay St Apt 3C

11 E Broad St

Richmond Arts

The Richmond Dairy Apartments

501-503 E Main St

Linden Tower

Shockoe Commons
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.

Shockoe Collection

The Jackson on Broad

207 N 3rd St

420 Place

Landmark at Marshall Broad

Hammond Lofts

2 E Broad St

The Jewelry Building

8th and Main - All Utilities Included

12 E Main St
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
City Center Richmond, Richmond, VA Local Guide

How much does it cost to rent an apartment in City Center Richmond?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| City Center Richmond Studio Apartments | $1,377 | $1,116 | $1,632 |
| City Center Richmond 1 Bedroom Apartments | $1,599 | $1,100 | $2,247 |
| City Center Richmond 2 Bedroom Apartments | $1,983 | $1,201 | $3,409 |
| City Center Richmond 3 Bedroom Apartments | $2,411 | $1,900 | $2,795 |
Browse Apartments in this Neighborhood
There are currently 62 rentals with your search options within a 2 mile radius of the City Center Richmond Neighborhood of Richmond, VA.
See all Apartments in RichmondExplore Richmond
City Center Richmond, Richmond, VA Local Guide
- Nearby Richmond neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available City Center Richmond Apartments for Rent
 The cheapest available apartment rental in the City Center Richmond area of Richmond, VA is a 1 Bed unit found at 11 E Broad St priced from $749. 209 E Main St has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,100. Here are the most affordable City Center Richmond apartments for rent in Richmond, VA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 11 E Broad St | 1 Beds, 1 Baths | 1BR,1BA | $749 |
| 209 E Main St | Unit 4,6,8 | 1BR,1BA | $1,100 |
| The Edison | Studio | Studio,1BA | $1,181 |
| District Square Apartments | Studio-426 | Studio,1BA | $1,181 |
| Mortons Apartments | 1BR/1.0BA | 1BR,1BA | $1,199 |
| The Shockoe Collection | 1 Bed 1 Bath | 1BR,1BA | $1,249 |
| The Hill Building | 1BD/1BA - Two Story Loft | 1BR,1BA | $1,295 |
| Atrium on Broad Apartments | 1BR/1.0BA | 1BR,1BA | $1,299 |
| Residences at the John Marshall | 1 Bed 1 Bath | 1BR,1BA | $1,316 |
| Centennial Apartments | 1 Bedroom 1 Bath | 1BR,1BA | $1,422 |
Best Value Apartments for Rent in City Center Richmond, VA
As of July 16, 2026 the best value apartment in the City Center Richmond area is the $1.36 price per square foot 16 W Broad St Model at 16 W Broad St, Unit Apartment 1 in the in the Downtown Richmond neighborhood starting from $1,900. The second greatest value City Center Richmond apartment is the 2 Bed 2 Bath Model at Residences at the John Marshall starting at $1,899 with a $1.56 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 16 W Broad St, Unit Apartment 1 | 16 W Broad St | 3BR,2BA | $1.36 |
| Residences at the John Marshall | 2 Bed 2 Bath | 2BR,2BA | $1.56 |
| 11 S 2nd St | 11 S 2nd St | 1BR,1BA | $1.64 |
| 210 E Grace St | 2 Bed/2 Bath | 2BR,2BA | $1.35 |
| The Loop at Midtown | 2X2 C | 2BR,2BA | $2.00 |
| 11 E Broad St | 1 Beds, 1 Baths | 1BR,1BA | $2.00 |
| Miller and Rhoads Residences | 1 Bedroom | 1BR,1BA | $1.59 |
| Mortons Apartments | 1BR/1.0BA | 1BR,1BA | $1.32 |
| Centennial Apartments | 1 Bedroom 1 Bath | 1BR,1BA | $1.87 |
| 209 E Main St | Unit 212 | 1BR,1BA | $2.00 |
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 LifestyleCity Center Richmond, Richmond, VA
Ranked #100
Among cities in Virginia for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.0Pet Friendly
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 $1,422.
What is the price of a cheap apartment in City Center Richmond?
The cheapest apartment in City Center Richmond is 11 E Broad St which is listed at $749, while the average apartment in City Center Richmond costs $2,474.
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 18 regular apartments in City Center Richmond that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
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 Expert's 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 Insider's 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.

Your Richmond Neighborhood Guide: Living Near the City's Top Employers
Written by: Richard Corrigan
Richmond is a beautiful place to live and work. The city has something for everyone—historic charm, trendy shops and boutiques, world-class restaurants and amazing urban parks and green spaces.
Articles, How-To's, and Tips

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.