Cheap Apartments for Rent in the City Center Neighborhood of Richmond, VA from $500 (40 Rentals)

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

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Goshen Street
Studio to 3 Bedroom Apartments

Goshen Street

302 Goshen StRichmond, VA 23220
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Richmond Arts
Studio to 2 Bedroom Apartments

Richmond Arts

115 N 1st StRichmond, VA 23219
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Jernigin Hall
Studio to 1 Bedroom Apartments

Jernigin Hall

314 W Grace StRichmond, VA 23220
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Tracks at the Masonry
Studio to 2 Bedroom Apartments

Tracks at the Masonry

1716 E Cary StRichmond, VA 23223
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Market Slip
1 to 2 Bedroom Apartments

Market Slip

2 S 17th StRichmond, VA 23219
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The Rosa
1 Bedroom Apartments

The Rosa

744 N 2nd StRichmond, VA 23219
Senior Living
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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
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The Stables
1 to 2 Bedroom Apartments

The Stables

410 Hancock StRichmond, VA 23220
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1 West Cary
1 to 2 Bedroom Apartments

1 West Cary

106 S Foushee StRichmond, VA 23220
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Old Stone Row
1 to 2 Bedroom Apartments

Old Stone Row

2001 E Franklin StRichmond, VA 23223
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Engine at The Masonry
1 to 2 Bedroom Apartments

Engine at The Masonry

2026 E Main StRichmond, VA 23223
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Pine Court I
Studio to 2 Bedroom Apartments

Pine Court I

707 W Cary StRichmond, VA 23220
Student Housing
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Pine Court Apartments III
Studio to 3 Bedroom Apartments

Pine Court Apartments III

723-725 W Cary StRichmond, VA 23220
Student Housing
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Pine Court II
Studio to 3 Bedroom Apartments

Pine Court II

611 W Cary StRichmond, VA 23220
Student Housing
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City Center, Richmond, VA Local Guide

Cheapest Available City Center Apartments for Rent

 

The cheapest available apartment rental in the City Center area of Richmond, VA is a 3 Beds unit found at Chesterfield Apartments priced from $807. The Masonry Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $995. Here are the most affordable City Center apartments for rent in Richmond, VA:

Apartment ListingModel NameBed/BathPriced From
Chesterfield ApartmentsTHE MULBERRY FLOOR PLAN - SUITE II3BR,1BA$807
The Masonry ApartmentsMasonry BF-A11BR,1BA$995
Van de VyverThe ReserveStudio,1BA$998
Mortons Apartments0BR/1.0BAStudio,1BA$1,015
Attain ShockoePocahontasStudio,1BA$1,049
The Stables1 Bedroom 1 Bathroom1BR,1BA$1,055
The OliverThe Virginia1BR,1BA$1,085
210 E Grace St1bed/1bath1BR,1BA$1,100
Grace & Monroe ApartmentsStudio - 505Studio,1BA$1,114

Best Value Apartments for Rent in City Center, VA

As of September 20, 2025 the best value apartment in the City Center area is the $1.42 price per square foot 715 W Clay St Model at 715 W Clay St, Unit B in the in the Downtown Richmond neighborhood starting from $2,595. The second greatest value City Center apartment is the 4x2 - Priced Per Bedroom Model at Marshall Park starting at $699 with a $0.47 price per square foot in the Downtown Richmond neighborhood. Here is today’s list of the best values for City Center apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
715 W Clay St, Unit B715 W Clay St3BR,2BA$1.42
Marshall Park4x2 - Priced Per Bedroom4BR,2BA$0.47
Lofts and Upper Lofts at Canal WalkCanal 236 2 BedsStudio ,1BA$1.27
The BerkshireFranklin1BR,1BA$1.27
Iron House Apartments2 Bedroom 2 Bath with Office2BR,2BA$1.46
ConsolidatedCO-B One Bedroom, One Bathroom1BR,1BA$1.46
Marshall Street Apartments1BR/1.0BA1BR,1BA$1.25
Miller and Rhoads Residences1 Bedroom1BR,1BA$1.42
121 W Broad St2 Bedroom 2 Bath - 190392BR,2BA$1.40
Smokehouse Lofts2 Beds, 2 Baths2BR,2BA$1.37

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
City Center, Richmond, VA

Ranked #33

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Frequently Asked Questions about Cheap City Center Apartments

What is a cheap apartment in City Center?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in City Center is under $1,114.

What is the price of a cheap apartment in City Center?

The cheapest apartment in City Center is The Masonry Apartments which is listed at $995, while the average apartment in City Center costs $1,986.

What types of apartments are the cheapest in City Center?

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 214 regular apartments in City Center 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?

Cheap apartments in City Center have an average cost of $607 which is $1,379 cheaper than the average rent for all rentals in City Center.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.