Cheap Apartments for Rent in the City Center Richmond Neighborhood of Richmond, VA from $700 (62 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Lifestyle Matching SearchDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Apartments available for rent right now in the City Center Richmond area of Richmond.

close
View Me
209 E Main St
$1,100 - $1,700
Total Monthly Price

Total Monthly Price

Base Rent
$1,100 - $1,700

Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

209 E Main St

209 E Main StRichmond, VA 23219
Affordability
  • Verified
  • 3D Tour
close
View Me
Towers on Franklin
Rent Specials
$1,135 - $2,139
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$990 - $1,994
Required Monthly Fees
$145

Total Monthly Price
$1,135 - $2,139
Studio to 2 Bedroom Apartments Contact Us For Availability

Towers on Franklin

104 W Franklin StRichmond, VA 23220
Student Housing
  • Verified
  • Customer Reviewed
  • 3D Tour
close
View Me
The Shockoe Collection
$1,249 - $2,549
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,099 - $2,399
Required Monthly Fees
$150

Total Monthly Price
$1,249 - $2,549
1 to 3 Bedroom Apartments Available Now

The Shockoe Collection

104 Shockoe SlipRichmond, VA 23219
Student Housing
  • Verified
close
View Me
Deco at CNB
$1,269 - $2,104
Total Monthly Price

Total Monthly Price

Base Rent
$1,263 - $2,098
Required Monthly Fees
Varies

Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

Deco at CNB

219 E Broad StRichmond, VA 23219
Student Housing
  • Verified
  • 3D Tour

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.

property at 308 W Broad St

$1,350 - $1,575

Total Monthly Price

Total Monthly Price

Base Rent
$1,350

Total Monthly Price
$1,350

1 To 2 Bedroom Rentals

Available Now

308 W Broad St

RichmondVA23220
close
View Me
The Locks
$1,507 - $3,878
Total Monthly Price

Total Monthly Price

Base Rent
$1,507 - $3,878

Total Monthly Price
$1,507 - $3,878
1 to 2 Bedroom Apartments Available Now

The Locks

311 S 11th StRichmond, VA 23219
Corporate Housing
  • Verified
  • Customer Reviewed
  • 3D Tour
close
View Me
The Loop at Midtown
$1,420 - $2,570
Total Monthly Price

Total Monthly Price

Base Rent
$1,350 - $2,500
Required Monthly Fees
$70

Total Monthly Price
$1,420 - $2,570
1 to 3 Bedroom Apartments Available Now

The Loop at Midtown

2 W Franklin StRichmond, VA 23220
  • Verified
  • Customer Reviewed

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.

close
View Me
One Canal Apartments
$1,476 - $2,061
Total Monthly Price

Total Monthly Price

Base Rent
$1,470 - $2,055
Required Monthly Fees
Varies

Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

One Canal Apartments

108 S 1st StRichmond, VA 23219
Student Housing
  • Verified
  • Customer Reviewed
  • 3D Tour
property at 319 N 2nd St

$1,500

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,500

Total Monthly Price
$1,500

2 Bedroom, 1 Bath Condo for Rent

Available Now

319 N 2nd St, Unit B

319 N 2nd St
RichmondVA23219
property at 215 E Grace St

$1,675

Total Monthly Price

Total Monthly Price

Base Rent
$1,675

Total Monthly Price
$1,675

2 Bedroom, 2 Bath Home for Rent

Available Aug 9

215 E Grace St

RichmondVA23219

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.

close
View Me
Harper's Flats
Rent Specials
$1,692 - $2,203
Total Monthly Price

Total Monthly Price

Base Rent
$1,686 - $2,197
Required Monthly Fees
Varies

Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

Harper's Flats

200 E Broad StRichmond, VA 23219
Luxury
  • Verified
  • 3D Tour
property at 112 E Clay St

$1,900

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,900

Total Monthly Price
$1,900

2 Bedroom, 1.5 Bath Condo for Rent

Available Now

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

112 E Clay St
RichmondVA23219
close
View Me
11 E Broad St
1 Bedroom Apartments

11 E Broad St

11 E Broad StRichmond, VA 23219
close
View Me
Richmond Arts
Studio to 2 Bedroom Apartments

Richmond Arts

115 N 1st StRichmond, VA 23219
  • Utilities Included
close
View Me
501-503 E Main St
1 Bedroom Apartments

501-503 E Main St

501-503 E Main StRichmond, VA 23219
close
View Me
Linden Tower
1 to 2 Bedroom Apartments

Linden Tower

116 E Franklin StRichmond, VA 23219
  • Utilities Included
close
View Me
Shockoe Commons
1 to 2 Bedroom Apartments

Shockoe Commons

1209-1211 E Main StRichmond, VA 23223

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.

close
View Me
The Jackson on Broad
Studio to 2 Bedroom Apartments

The Jackson on Broad

20-22 E Broad StRichmond, VA 23219
  • Utilities Included
close
View Me
207 N 3rd St
1 Bedroom Apartments

207 N 3rd St

207 N 3rd StRichmond, VA 23219
  • Utilities Included
close
View Me
420 Place
1 Bedroom Apartments

420 Place

420 E Grace StRichmond, VA 23219
  • Utilities Included
close
View Me
Hammond Lofts
1 to 3 Bedroom Apartments

Hammond Lofts

109 E Broad StRichmond, VA 23219
  • Utilities Included
close
View Me
2 E Broad St
1 to 2 Bedroom Apartments

2 E Broad St

2 E Broad StRichmond, VA 23219
  • Utilities Included
close
View Me
The Jewelry Building
1 to 2 Bedroom Apartments

The Jewelry Building

119-123 E Broad StRichmond, VA 23220
  • Utilities Included
close
View Me
12 E Main St
Studio to 2 Bedroom Apartments

12 E Main St

12 E Main StRichmond, VA 23219

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

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 ListingModel NameBed/BathPriced From
11 E Broad St1 Beds, 1 Baths1BR,1BA$749
209 E Main StUnit 4,6,81BR,1BA$1,100
The EdisonStudioStudio,1BA$1,181
District Square ApartmentsStudio-426Studio,1BA$1,181
Mortons Apartments1BR/1.0BA1BR,1BA$1,199
The Shockoe Collection1 Bed 1 Bath1BR,1BA$1,249
The Hill Building1BD/1BA - Two Story Loft1BR,1BA$1,295
Atrium on Broad Apartments1BR/1.0BA1BR,1BA$1,299
Residences at the John Marshall1 Bed 1 Bath1BR,1BA$1,316
Centennial Apartments1 Bedroom 1 Bath1BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
16 W Broad St, Unit Apartment 116 W Broad St3BR,2BA$1.36
Residences at the John Marshall2 Bed 2 Bath2BR,2BA$1.56
11 S 2nd St11 S 2nd St1BR,1BA$1.64
210 E Grace St2 Bed/2 Bath2BR,2BA$1.35
The Loop at Midtown2X2 C2BR,2BA$2.00
11 E Broad St1 Beds, 1 Baths1BR,1BA$2.00
Miller and Rhoads Residences1 Bedroom1BR,1BA$1.59
Mortons Apartments1BR/1.0BA1BR,1BA$1.32
Centennial Apartments1 Bedroom 1 Bath1BR,1BA$1.87
209 E Main StUnit 2121BR,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 Article
Decorative image

The 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 Article
Decorative image

Real 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 Article
Decorative image

Quick 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.

decorative image of people with a giant lease agreement

Pet Friendly Lifestyle
City Center Richmond, Richmond, VA

Ranked #100

Among cities in Virginia for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

decorative image of woman handing cat to small boy

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

decorative image for A Local Expert's Guide To the Top Budget-Friendly Neighborhoods to Rent in Richmond, VA article

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.

decorative image for Your Guide to Picking the Perfect Richmond Neighborhood for Student Renters article

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.

decorative image for Explore The River City Like a Local: The Insider's Guide to Renting in Richmond, VA article

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.

decorative image for Your Richmond Neighborhood Guide: Living Near the City's Top Employers article

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

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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.

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention   article

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.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

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.

decorative image for Pet-Friendly Renting: Everything You Need to Know Before You Move article

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.