Cheap Apartments for Rent in the City Center Neighborhood of Richmond, VA from $500 (44 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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Towers on Franklin
$985 - $2,199
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$850 - $2,064
Required Monthly Fees
$135

Total Monthly Price
$985 - $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
property at 1019 W Leigh St

$995

Total Monthly Price

Total Monthly Price

Base Rent
$995

Total Monthly Price
$995

1 Bedroom, 1 Bath Home for Rent

Available Now

1019 W Leigh St

RichmondVA23220
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1130 W Grace St
$999
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$999

Total Monthly Price
$999
1 Bedroom Apartment Available Now

1130 W Grace St

1130 W Grace StRichmond, VA 23220
Furnished
  • Smoke Free

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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Coliseum Lofts
$1,082 - $2,825
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,070 - $2,813
Required Monthly Fees
$12

Total Monthly Price
$1,082 - $2,825
Studio to 3 Bedroom Apartments Available Now

Coliseum Lofts

1335-1387 W Broad StRichmond, VA 23220
Student Housing
  • Verified
  • Customer Reviewed
  • Utilities Included

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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Goshen Street
Studio to 3 Bedroom Apartments

Goshen Street

302 Goshen StRichmond, VA 23220
  • Utilities Included
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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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Market Slip
1 to 2 Bedroom Apartments

Market Slip

2 S 17th StRichmond, VA 23219
  • Utilities Included
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Jernigin Hall
Studio to 1 Bedroom Apartments

Jernigin Hall

314 W Grace StRichmond, VA 23220
Student Housing
  • Utilities Included
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Tracks at the Masonry
Studio to 2 Bedroom Apartments

Tracks at the Masonry

1716 E Cary StRichmond, VA 23223
  • Utilities Included
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Cornish Brewery Apartments
Studio to 2 Bedroom Apartments

Cornish Brewery Apartments

1201 W Clay StRichmond, VA 23220
Student Housing
  • Utilities Included

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 Rosa
1 Bedroom Apartments

The Rosa

744 N 2nd StRichmond, VA 23219
Senior Living
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12 E Main St
Studio to 2 Bedroom Apartments

12 E Main St

12 E Main StRichmond, VA 23219
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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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Market Villas
1 to 3 Bedroom Apartments

Market Villas

15 N 18th StRichmond, VA 23223
  • Utilities Included
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1 West Cary
1 to 2 Bedroom Apartments

1 West Cary

106 S Foushee 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.

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The Stables
1 to 2 Bedroom Apartments

The Stables

410 Hancock StRichmond, VA 23220
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Old Stone Row
1 to 2 Bedroom Apartments

Old Stone Row

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

Engine at The Masonry

2026 E Main StRichmond, VA 23223
  • Utilities Included
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T and E Apartments
Studio to 3 Bedroom Apartments

T and E Apartments

1011 W Marshall StRichmond, VA 23220

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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The Commons
Studio to 3 Bedroom Apartments

The Commons

15 E 2nd StRichmond, VA 23224
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Pine Court I
Studio to 2 Bedroom Apartments

Pine Court I

707 W Cary StRichmond, VA 23220
Student Housing
  • Utilities Included
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Pine Court II
Studio to 3 Bedroom Apartments

Pine Court II

611 W Cary StRichmond, VA 23220
Student Housing
  • Utilities Included

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 Studio unit found at Towers on Franklin priced from $985. 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 apartments for rent in Richmond, VA:

Apartment ListingModel NameBed/BathPriced From
Towers on FranklinHarrisonStudio,1BA$985
Mortons Apartments1BR/1.0BA1BR,1BA$995
Van de VyverThe ReserveStudio,1BA$998
Jefferson Townhouses1X11BR,1BA$1,000
The Stables1 Bedroom 1 Bathroom1BR,1BA$1,055
Flats at 14th0 Bedroom 1 Bath - 35312Studio,1BA$1,081
Lofts and Upper Lofts at Canal Walk - Canal I and Canal IICanal 236 StudioStudio,1BA$1,088
210 E Grace St1bed/1bath1BR,1BA$1,100
Grace & Monroe ApartmentsStudio - 505Studio,1BA$1,100

Best Value Apartments for Rent in City Center, VA

As of February 23, 2026 the best value apartment in the City Center area is the $1.41 price per square foot 3BR/3.0BA Model at Park Plaza @ Belvidere in the in the Downtown Richmond neighborhood starting from $2,905. The second greatest value City Center apartment is the Downtown Double Suite Model at The Berkshire starting at $2,680 with a $1.44 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.
Park Plaza @ Belvidere3BR/3.0BA3BR,3BA$1.41
The BerkshireDowntown Double Suite2BR,2BA$1.44
Marshall Park4x2 - Priced Per Bedroom4BR,2BA$0.54
Broadway ApartmentsTwo Bed Two Bath2BR,2BA$1.20
110 E Cary St2 Beds 1 Bath2BR,1BA$1.35
209 E Main StUnit 208A2BR,1BA$1.36
Mortons Apartments1BR/1.5BA1BR,1.5BA$1.46
Lofts and Upper Lofts at Canal Walk IIIOne Bedroom1BR,1BA$1.23
Shockoe CollectionB3 - 2 Bed 2 Bath2BR,2BA$1.39
Marshall Street Apartments1 Bedroom 1 Bath - 360311BR,1BA$1.29

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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Quick Rent Budget Calculator

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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, VA

Ranked #38

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 the Cheapest Studio apartment in City Center?

Currently the most affordable Cheap Studio Apartment in City Center is at Towers on Franklin listed at $985.

How much is rent for a Cheap One Bedroom City Center Apartment?

The lowest price for a Cheap One Bedroom City Center Apartment is $995 at Mortons Apartments.

What is the lowest price for a Cheap Two Bedroom City Center Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in City Center is starting from $1,225 at Jefferson Townhouses.

What is the most affordable City Center Three Bedroom Apartment?

The best deal on a cheap City Center Three Bedroom Apartment rental is at Parc View at Commonwealth and starts from $1,250.

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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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.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.