Cheap Homes for Rent in City Center Richmond Neighborhood of Richmond, VA from $1,200 (4 Rentals)

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

property at 123 E Broad St

$1,295

Total Monthly Price

Total Monthly Price

Base Rent
$1,295

Total Monthly Price
$1,295

1 Bedroom, 1 Bath Condo for Rent

Available Aug 1

123 E Broad St

RichmondVA23219
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

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 1101 Haxall Point

$1,600 - $4,200

Total Monthly Price

Total Monthly Price

Base Rent
$1,999

Total Monthly Price
$1,999

1 To 2 Bedroom Rentals

Available Now

1101 Haxall Point

RichmondVA23219
property at 301 Virginia St

$2,000

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$2,000

Total Monthly Price
$2,000

1 Bedroom, 1 Bath Condo for Rent

Available Jun 15

301 Virginia St, Unit 612

301 Virginia St
RichmondVA23219

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.

City Center Richmond, Richmond, VA Local Guide

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 ListingModel NameBed/BathPrice Per Sq.Ft.
The Locks Tower2 Bedroom Penthouse2BR,2BA$1.34
Capitol LoftsB92BR,2BA$1.55
209 E Main StUnit 208 1A2BR,1BA$1.36
210 E Grace St2 Bed/2 Bath2BR,2BA$1.35
Shockoe CollectionB3 - 2 Bed 2 Bath2BR,2BA$1.39
Mortons Apartments1BR/1.0BA1BR,1BA$1.34
Broadway ApartmentsTwo Bed One Bath2BR,1BA$1.77
The Edgar at Linden RowThe Dream1BR,1BA$1.84
The Hill Building1BD/1BA1BR,1BA$1.85
Revival1 Bedroom / 1 Bath - 464sqft1BR,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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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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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.

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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.

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Pet Friendly Lifestyle
City Center Richmond, Richmond, VA

Ranked #99

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 City Center Richmond

What type of rentals are currently available in City Center Richmond?

There are currently 111 Apartments for Rent in City Center Richmond, VA with pricing that ranges from $995 to $4,610. There are also 5 Single Family Homes for rent, Condos, and Townhome rentals currently available in City Center Richmond ranging from $1,295 to $2,100.

What is the current price range for Rental Homes in City Center Richmond?

Today's rental pricing for Homes for Rent, Condos and Townhomes in City Center Richmond ranges from $1,295 to $2,100 with an average monthly rent of $1,882.

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 Experts Guide To the Top Budget-Friendly Neighborhoods to Rent in Richmond, VA article

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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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.

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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.

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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.

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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.