
Cheap Apartments for Rent in the City Center Richmond Neighborhood of Richmond, VA from $600 (31 Rentals)
Search the lowest-cost Apartments available for rent right now in the City Center Richmond area of Richmond.


Total Monthly Price
Towers on Franklin

1 S 5th St

Mortons Apartments

Residences at the John Marshall

The Mezzo Lofts

The Edison Apartments
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.

Atrium on Broad Apartments

District Square Apartments

Total Monthly Price
The Edgar at Linden Row

The Penny at Jackson Ward

Landmark at Marshall Broad

Marshall Street Apartments

Mutual on Main Apartments
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.

American Heritage Apartments

Total Monthly Price
The Shockoe Collection

Revival

Total Monthly Price
Residences at Richmond Trust

The Hill Building

Total Monthly Price
416 N 3rd St, Unit 416

The Richmond Dairy Apartments
Explore The River City Like a Local: The Insider's Guide to Renting in Richmond, VA
Thinking of moving to Richmond, VA? Learn why "The River City" is a perfect blend of big-city amenities and small-town charm, offering a low cost of living, minimal traffic, and a rich cultural scene.

Richmond Arts

12 E Main St

501-503 E Main St

Linden Tower

Shockoe Collection

The Jackson on Broad

207 N 3rd St
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Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

Shockoe Commons

420 Place

Hammond Lofts
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 | $1,268 | $985 | $1,628 |
| City Center Richmond 1 Bedroom Apartments | $1,466 | $995 | $2,149 |
| City Center Richmond 2 Bedroom Apartments | $1,856 | $1,250 | $2,999 |
| City Center Richmond 3 Bedroom Apartments | $2,495 | $1,850 | $3,200 |
Browse Apartments in this Neighborhood
There are currently 31 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
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- 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 Studio unit found at Towers on Franklin priced from $985. Mortons Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $995. Here are the most affordable City Center Richmond apartments for rent in Richmond, VA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Towers on Franklin | Harrison | Studio,1BA | $985 |
| Mortons Apartments | 1BR/1.0BA | 1BR,1BA | $995 |
| The Mezzo Lofts | Mosaic Gallery - 1 Bedroom 1 Bath | 1BR,1BA | $1,088 |
| The Jackson on Broad | 0 Bedroom 1 Bath - 30567 | Studio,1BA | $1,130 |
| The Edison Apartments | SXD.1 | Studio,1BA | $1,153 |
| District Square Apartments | 1Bd15Ba553 | 1BR,1BA | $1,161 |
| Shockoe Commons | SCommons-A4 | 1BR,1BA | $1,189 |
| The Penny at Jackson Ward | The Lena (L-A1) | Studio,1BA | $1,226 |
| Landmark at Marshall Broad | The Franklin | Studio,1BA | $1,227 |
| Marshall Street Apartments | 1 Bedroom 1 Bath - 36031 | 1BR,1BA | $1,230 |
Best Value Apartments for Rent in City Center Richmond, VA
As of February 25, 2026 the best value apartment in the City Center Richmond area is the $1.25 price per square foot Two Bed Two Bath Model at Broadway Apartments in the in the Downtown Richmond neighborhood starting from $1,713. The second greatest value City Center Richmond apartment is the 2 Beds 1 Bath Model at 110 E Cary St starting at $1,600 with a $1.35 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. |
|---|---|---|---|
| Broadway Apartments | Two Bed Two Bath | 2BR,2BA | $1.25 |
| 110 E Cary St | 2 Beds 1 Bath | 2BR,1BA | $1.35 |
| 2 E Broad St | 2BR/2.0BA | 2BR,2BA | $1.59 |
| 209 E Main St | Unit 208A | 2BR,1BA | $1.36 |
| Mortons Apartments | 1BR/1.5BA | 1BR,1.5BA | $1.46 |
| Miller and Rhoads Residences | 1 Bedroom | 1BR,1BA | $1.66 |
| Shockoe Collection | B3 - 2 Bed 2 Bath | 2BR,2BA | $1.39 |
| Marshall Street Apartments | 1 Bedroom 1 Bath - 36031 | 1BR,1BA | $1.29 |
| The Mezzo Lofts | Motif Gallery - 2 Bedroom 1 Bath | 2BR,1BA | $1.56 |
| Shockoe Commons | SCommons-A4 | 1BR,1BA | $1.77 |
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.
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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.
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 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 #93
Among cities in Virginia for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Frequently Asked Questions about Cheap City Center Richmond Apartments
What is the Cheapest Studio apartment in City Center Richmond?
Currently the most affordable Cheap Studio Apartment in City Center Richmond is at Towers on Franklin listed at $985.
How much is rent for a Cheap One Bedroom City Center Richmond Apartment?
The lowest price for a Cheap One Bedroom City Center Richmond Apartment is $995 at Mortons Apartments.
What is the lowest price for a Cheap Two Bedroom City Center Richmond Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in City Center Richmond is starting from $1,250 at The Mezzo Lofts.
What is the most affordable City Center Richmond Three Bedroom Apartment?
The best deal on a cheap City Center Richmond Three Bedroom Apartment rental is at American Heritage Apartments and starts from $2,375.
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

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.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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.