
Cheap Apartments for Rent in the City Center Neighborhood of Richmond, VA from $500 (40 Rentals)
Search the lowest-cost Apartments available for rent right now in the City Center area of Richmond.


Towers on Franklin

210 E Grace St

Van de Vyver

Jefferson Townhouses
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
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Grace & Monroe Apartments

The Berkshire

Attain Shockoe

Smokehouse Lofts

Old Stone Row

Coliseum Lofts

District Square Apartments
The Art of the Rental Viewing: What to look for during a property tour
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T and E Apartments

American Tobacco Center
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The Jackson on Broad - 20-22 East Broad St
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City Center, Richmond, VA Local Guide

How much does it cost to rent an apartment in City Center?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
City Center Studio Apartments | $1,286 | $829 | $2,376 |
City Center 1 Bedroom Apartments | $1,560 | $925 | $4,673 |
City Center 2 Bedroom Apartments | $1,927 | $1,225 | $5,920 |
City Center 3 Bedroom Apartments | $1,887 | $870 | $3,949 |
City Center 4 Bedroom Apartments | $1,218 | $750 | $6,360 |
Browse Apartments in this Neighborhood
There are currently 40 rentals with your search options within a 2 mile radius of the City Center Neighborhood of Richmond, VA.
See all Apartments in RichmondExplore Richmond
City Center, Richmond, VA Local Guide
- Nearby Richmond neighborhoods
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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 $900. Van de Vyver has the second lowest priced unit, which is a Studio apartment currently listed from $998. Here are the most affordable City Center apartments for rent in Richmond, VA:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Towers on Franklin | Gold | Studio,1BA | $900 |
Van de Vyver | The Reserve | Studio,1BA | $998 |
The Lofts at Shockoe Slip | The Lofts at Shockoe Slip 316 | Studio,1BA | $999 |
Jefferson Townhouses | 1X1 | 1BR,1BA | $1,000 |
Attain Shockoe | Capitol | Studio,1BA | $1,043 |
Cedar Broad | A2b | 1BR,1BA | $1,045 |
The Stables | 1 Bedroom 1 Bathroom | 1BR,1BA | $1,055 |
Old Stone Row | OS A10 | 1BR,1BA | $1,055 |
Smokehouse Lofts | 1 Beds, 1 Baths | 1BR,1BA | $1,060 |
210 E Grace St | 1bed/1bath | 1BR,1BA | $1,100 |
Best Value Apartments for Rent in City Center, VA
As of July 30, 2025 the best value apartment in the City Center area is the $0.51 price per square foot 4x2 - Priced Per Bedroom Model at Marshall Park in the in the Downtown Richmond neighborhood starting from $750. The second greatest value City Center apartment is the 2BR/2.0BA Model at Park Plaza @ Belvidere starting at $2,033 with a $1.45 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Marshall Park | 4x2 - Priced Per Bedroom | 4BR,2BA | $0.51 |
Park Plaza @ Belvidere | 2BR/2.0BA | 2BR,2BA | $1.45 |
Lofts and Upper Lofts at Canal Walk | Canal 236 2 Beds | Studio ,1BA | $1.31 |
Iron House Apartments | 3 Bedroom 2 Bath | 3BR,2BA | $1.32 |
Raven Place | B1.1 | 2BR,2BA | $1.47 |
The Mezzo Lofts | Motif Gallery - 2 Bedroom 1.5 Bath | 2BR,1.5BA | $1.48 |
The Berkshire | Monroe | 1BR,1BA | $1.26 |
Trolley Lofts | 2BR/2.0BA | 2BR,2BA | $1.58 |
The Corner Lofts - 1321 E. Main St. | 1BR/1.0BA | 1BR,1BA | $1.39 |
The Mill At Manchester Lofts | 1BR/1.0BA | 1BR,1BA | $1.54 |
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.
Pet Friendly LifestyleCity Center, Richmond, VA
Ranked #27
Among cities in Virginia for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
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 $1,100.
What is the price of a cheap apartment in City Center?
The cheapest apartment in City Center is Jefferson Townhouses which is listed at $1,000, while the average apartment in City Center costs $1,904.
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 135 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 $515 which is $1,389 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.

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.

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Written by: Christine Leonard, Esq.
Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.