
Cheap Apartments for Rent in the City Center Richmond Neighborhood of Richmond, VA from $600 (61 Rentals)
Search the lowest-cost Apartments available for rent right now in the City Center Richmond area of Richmond.


The Hill Building

District Square Apartments

Residences at the John Marshall

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Towers on Franklin

The Edison

Capitol Lofts

The Mezzo Lofts

Atrium on Broad

Centennial Terrace
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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The Edgar at Linden Row

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Deco at CNB

Revival

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The Shockoe Collection

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Residences at Richmond Trust

The Penny at Jackson Ward

First National Apartments

Marshall Street Apartments

Mutual on Main Apartments

Miller and Rhoads Residences
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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525 E Grace St, Unit 205

Broadway Apartments

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One Canal Apartments

210 E Grace St

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209 E Main St

110 E Cary St

308 W Broad St

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525 E Grace St, Unit 102

The Locks Tower

Altitude on Main
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.

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1 N 3rd St

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The Locks

306 E Broad St

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525 E Grace St, Unit 408

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The Loop at Midtown

The Richmond Dairy Apartments

Richmond Arts

501-503 E Main St

Linden Tower

Shockoe Commons
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.

The Jackson on Broad

207 N 3rd St

Shockoe Commons

Landmark at Marshall Broad

Shockoe Collection

420 Place

Hammond Lofts

The Jewelry Building

8th and Main - All Utilities Included

121 W Broad St
The Art of the Rental Viewing: What to look for during a property tour
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.
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 | $1,259 | $995 | $1,669 |
| City Center Richmond 1 Bedroom Apartments | $1,479 | $995 | $4,773 |
| City Center Richmond 2 Bedroom Apartments | $1,931 | $1,350 | $4,281 |
| City Center Richmond 3 Bedroom Apartments | $2,519 | $1,711 | $3,055 |
Browse Apartments in this Neighborhood
There are currently 61 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
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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 Studio unit found at The Hill Building priced from $995. 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 |
|---|---|---|---|
| The Hill Building | Studio | Studio,1BA | $995 |
| Mortons Apartments | 1BR/1.0BA | 1BR,1BA | $995 |
| Residences at the John Marshall | Studio | Studio,1BA | $1,042 |
| Shockoe Commons | SCommons-A2 | 1BR,1BA | $1,043 |
| District Square Apartments | 1Bd15Ba553 | 1BR,1BA | $1,044 |
| Towers on Franklin | Harrison | Studio,1BA | $1,065 |
| The Edison | Studio | Studio,1BA | $1,096 |
| The Jackson on Broad | 0 Bedroom 1 Bath - 30567 | Studio,1BA | $1,130 |
| Atrium on Broad | 1BR/1.0BA | 1BR,1BA | $1,149 |
| The Mezzo Lofts | Montage Gallery - Studios | Studio,1BA | $1,149 |
Best Value Apartments for Rent in City Center Richmond, VA
As of April 12, 2026 the best value apartment in the City Center Richmond area is the $1.26 price per square foot 2 Beds 1 Bath Model at 110 E Cary St in the in the Downtown Richmond neighborhood starting from $1,500. The second greatest value City Center Richmond apartment is the Two Bed Two Bath Model at Broadway Apartments starting at $1,496 with a $1.27 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. |
|---|---|---|---|
| 110 E Cary St | 2 Beds 1 Bath | 2BR,1BA | $1.26 |
| Broadway Apartments | Two Bed Two Bath | 2BR,2BA | $1.27 |
| 209 E Main St | Unit 208A | 2BR,1BA | $1.36 |
| 210 E Grace St | 2 Bed/2 Bath | 2BR,2BA | $1.35 |
| Shockoe Collection | A1 - 1 Bed 1 Bath | 1BR,1BA | $1.54 |
| Mortons Apartments | 1BR/1.0BA | 1BR,1BA | $1.29 |
| Hammond Lofts | 102 | 1BR,1BA | $1.81 |
| Centennial Terrace | 1 Bedroom - Unit Type 6 | 1BR,1BA | $1.82 |
| Revival | 1 Bedroom / 1 Bath - 464sqft | 1BR,1BA | $1.80 |
| Shockoe Commons | SCommons-A2 | 1BR,1BA | $1.66 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon'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 Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash 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.
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 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 $1,149.
What is the price of a cheap apartment in City Center Richmond?
The cheapest apartment in City Center Richmond is Mortons Apartments which is listed at $995, while the average apartment in City Center Richmond costs $2,499.
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 47 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 $659 which is $1,840 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.
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

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.

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.