Cheap Apartments for Rent in the City Center Richmond Neighborhood of Richmond, VA from $600 (61 Rentals)

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

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Towers on Franklin
Rent Specials
$1,065 - $2,199
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$930 - $2,064
Required Monthly Fees
$135

Total Monthly Price
$1,065 - $2,199
Studio to 2 Bedroom Apartments Available Now

Towers on Franklin

104 W Franklin StRichmond, VA 23220
Student Housing
  • Verified
  • Customer Reviewed
  • 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.

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The Edgar at Linden Row
$1,210 - $1,354
Total Monthly Price

Total Monthly Price

Base Rent
$1,204 - $1,348
Required Monthly Fees
Varies

Total Monthly Price
Varies
Studio to 1 Bedroom Apartments Available Now

The Edgar at Linden Row

114 E Franklin StRichmond, VA 23219
Corporate Housing
  • Verified
  • Customer Reviewed
  • 3D Tour
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Deco at CNB
Rent Specials
$1,219 - $1,588
Total Monthly Price

Total Monthly Price

Base Rent
$1,213 - $1,582
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
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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
Transit Friendly
  • Verified

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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One Canal Apartments
$1,446 - $2,071
Total Monthly Price

Total Monthly Price

Base Rent
$1,440 - $2,065
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
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  • Customer Reviewed
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property at 308 W Broad St

$1,510 - $1,525

Total Monthly Price

Total Monthly Price

Base Rent
$1,510

Total Monthly Price
$1,510

1 To 2 Bedroom Rentals

Available Jun 5

308 W Broad St

RichmondVA23220

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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The Locks
$1,603 - $2,951
Total Monthly Price

Total Monthly Price

Base Rent
$1,603 - $2,951

Total Monthly Price
$1,603 - $2,951
1 to 2 Bedroom Apartments Available Now

The Locks

311 S 11th StRichmond, VA 23219
Corporate Housing
  • Verified
  • Customer Reviewed
  • 3D Tour
property at 306 E Broad St

$1,700

Total Monthly Price

Total Monthly Price

Base Rent
$1,700

Total Monthly Price
$1,700

2 Bedroom, 2 Bath Home for Rent

Available Now

306 E Broad St

RichmondVA23219
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Richmond Arts
Studio to 2 Bedroom Apartments

Richmond Arts

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

501-503 E Main St

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

Linden Tower

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

Shockoe Commons

1209-1211 E Main StRichmond, VA 23223

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.

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The Jackson on Broad
Studio to 2 Bedroom Apartments

The Jackson on Broad

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

207 N 3rd St

207 N 3rd StRichmond, VA 23219
  • Utilities Included
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Shockoe Commons
1 to 2 Bedroom Apartments

Shockoe Commons

1215 E Main StRichmond, VA 23219
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420 Place
1 Bedroom Apartments

420 Place

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

Hammond Lofts

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

The Jewelry Building

119-123 E Broad StRichmond, VA 23220
  • Utilities Included
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121 W Broad St
1 to 3 Bedroom Apartments

121 W Broad St

123 W Broad StRichmond, VA 23220
  • Utilities Included

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

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 ListingModel NameBed/BathPriced From
The Hill BuildingStudioStudio,1BA$995
Mortons Apartments1BR/1.0BA1BR,1BA$995
Residences at the John MarshallStudioStudio,1BA$1,042
Shockoe CommonsSCommons-A21BR,1BA$1,043
District Square Apartments1Bd15Ba5531BR,1BA$1,044
Towers on FranklinHarrisonStudio,1BA$1,065
The EdisonStudioStudio,1BA$1,096
The Jackson on Broad0 Bedroom 1 Bath - 30567Studio,1BA$1,130
Atrium on Broad1BR/1.0BA1BR,1BA$1,149
The Mezzo LoftsMontage Gallery - StudiosStudio,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 ListingModel NameBed/BathPrice Per Sq.Ft.
110 E Cary St2 Beds 1 Bath2BR,1BA$1.26
Broadway ApartmentsTwo Bed Two Bath2BR,2BA$1.27
209 E Main StUnit 208A2BR,1BA$1.36
210 E Grace St2 Bed/2 Bath2BR,2BA$1.35
Shockoe CollectionA1 - 1 Bed 1 Bath1BR,1BA$1.54
Mortons Apartments1BR/1.0BA1BR,1BA$1.29
Hammond Lofts1021BR,1BA$1.81
Centennial Terrace1 Bedroom - Unit Type 61BR,1BA$1.82
Revival1 Bedroom / 1 Bath - 464sqft1BR,1BA$1.80
Shockoe CommonsSCommons-A21BR,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.

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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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The 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.

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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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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

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Pet Friendly Lifestyle
City Center Richmond, Richmond, VA

Ranked #93

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

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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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

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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.

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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.

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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

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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.

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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.

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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.

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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.