
Cheap Apartments for Rent in the City Center Richmond Neighborhood of Richmond, VA from $700 (59 Rentals)
Search the lowest-cost Apartments available for rent right now in the City Center Richmond area of Richmond.


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209 E Main St

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Towers on Franklin

Atrium on Broad Apartments

The Mezzo Lofts

District Square Apartments

Revival

Mortons Apartments

Residences at the John Marshall

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The Shockoe Collection
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.

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Deco at CNB

First National Apartments

The Penny at Jackson Ward

Marshall Street Apartments

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Residences at Richmond Trust

308 W Broad St

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The Edgar at Linden Row

Mutual on Main Apartments

Centennial Terrace

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The Locks
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

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One Canal Apartments

Broadway Apartments

7 E Franklin St

Altitude on Main

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1 N 3rd St

Miller and Rhoads Residences

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11 S 2nd St

The Locks Tower

Capitol Lofts
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.

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16 W Broad St, Unit Apartment 1

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

301 Virginia St, Unit 612

Richmond Arts

The Richmond Dairy Apartments

501-503 E Main St

Linden Tower

Shockoe Commons

Shockoe Collection

The Jackson on Broad
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.

207 N 3rd St

Landmark at Marshall Broad

420 Place

123 E Broad St

Hammond Lofts

The Jewelry Building

8th and Main - All Utilities Included

Exchange Place

12 E Main St

Centennial 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.
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 | $1,430 | $995 | $1,972 |
| City Center Richmond 1 Bedroom Apartments | $1,647 | $1,100 | $2,460 |
| City Center Richmond 2 Bedroom Apartments | $2,209 | $1,325 | $4,610 |
| City Center Richmond 3 Bedroom Apartments | $2,438 | $1,900 | $2,950 |
Browse Apartments in this Neighborhood
There are currently 59 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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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 Atrium on Broad Apartments priced from $1,149. The Mezzo Lofts has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,168. Here are the most affordable City Center Richmond apartments for rent in Richmond, VA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Atrium on Broad Apartments | 1BR/1.0BA | 1BR,1BA | $1,149 |
| The Mezzo Lofts | Mosaic Gallery - 1 Bedroom 1 Bath | 1BR,1BA | $1,168 |
| Revival | 1 Bedroom / 1 Bath - 464sqft | 1BR,1BA | $1,205 |
| Mortons Apartments | 1BR/1.0BA | 1BR,1BA | $1,219 |
| Residences at the John Marshall | Studio | Studio,1BA | $1,245 |
| The Shockoe Collection | 1 Bed 1 Bath | 1BR,1BA | $1,249 |
| The Hill Building | 1BD/1BA | 1BR,1BA | $1,295 |
| Residences at Richmond Trust | Ellwood | Studio,1BA | $1,349 |
| The Edgar at Linden Row | The Dream | 1BR,1BA | $1,354 |
| Shockoe Collection | B3 - 2 Bed 2 Bath | 2BR,2BA | $1,359 |
Best Value Apartments for Rent in City Center Richmond, VA
As of June 01, 2026 the best value apartment in the City Center Richmond area is the $1.34 price per square foot 2 Bedroom Penthouse Model at The Locks Tower in the in the Downtown Richmond neighborhood starting from $3,444. The second greatest value City Center Richmond apartment is the B9 Model at Capitol Lofts starting at $1,735 with a $1.55 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. |
|---|---|---|---|
| The Locks Tower | 2 Bedroom Penthouse | 2BR,2BA | $1.34 |
| Capitol Lofts | B9 | 2BR,2BA | $1.55 |
| 209 E Main St | Unit 208 1A | 2BR,1BA | $1.36 |
| 210 E Grace St | 2 Bed/2 Bath | 2BR,2BA | $1.35 |
| Shockoe Collection | B3 - 2 Bed 2 Bath | 2BR,2BA | $1.39 |
| Mortons Apartments | 1BR/1.0BA | 1BR,1BA | $1.34 |
| Broadway Apartments | Two Bed One Bath | 2BR,1BA | $1.77 |
| The Edgar at Linden Row | The Dream | 1BR,1BA | $1.84 |
| The Hill Building | 1BD/1BA | 1BR,1BA | $1.85 |
| Revival | 1 Bedroom / 1 Bath - 464sqft | 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.
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 #99
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 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 $1,359.
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 $1,149, while the average apartment in City Center Richmond costs $2,425.
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 19 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 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

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.