
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.


2001 East

Towers on Franklin

The Masonry Apartments

Van de Vyver

Mortons Apartments

The Berkshire

Attain Shockoe

The Edison Apartments

Atrium on Broad Apartments

1816 E Franklin St

The Oliver

The Shockoe Collection

Grace & Monroe Apartments

Lofts and Upper Lofts at Canal Walk III
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 | $1,221 | $864 | $2,018 |
City Center 1 Bedroom Apartments | $1,507 | $958 | $10,000+ |
City Center 2 Bedroom Apartments | $1,841 | $1,165 | $3,650 |
City Center 3 Bedroom Apartments | $1,837 | $807 | $3,400 |
City Center 4 Bedroom Apartments | $1,326 | $1,150 | $5,949 |
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.
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City Center, Richmond, VA Local Guide
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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 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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Chesterfield Apartments | THE MULBERRY FLOOR PLAN - SUITE II | 3BR,1BA | $807 |
The Masonry Apartments | Masonry BF-A1 | 1BR,1BA | $995 |
Van de Vyver | The Reserve | Studio,1BA | $998 |
Mortons Apartments | 0BR/1.0BA | Studio,1BA | $1,015 |
Attain Shockoe | Pocahontas | Studio,1BA | $1,049 |
The Stables | 1 Bedroom 1 Bathroom | 1BR,1BA | $1,055 |
The Oliver | The Virginia | 1BR,1BA | $1,085 |
210 E Grace St | 1bed/1bath | 1BR,1BA | $1,100 |
Grace & Monroe Apartments | Studio - 505 | Studio,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
715 W Clay St, Unit B | 715 W Clay St | 3BR,2BA | $1.42 |
Marshall Park | 4x2 - Priced Per Bedroom | 4BR,2BA | $0.47 |
Lofts and Upper Lofts at Canal Walk | Canal 236 2 Beds | Studio ,1BA | $1.27 |
The Berkshire | Franklin | 1BR,1BA | $1.27 |
Iron House Apartments | 2 Bedroom 2 Bath with Office | 2BR,2BA | $1.46 |
Consolidated | CO-B One Bedroom, One Bathroom | 1BR,1BA | $1.46 |
Marshall Street Apartments | 1BR/1.0BA | 1BR,1BA | $1.25 |
Miller and Rhoads Residences | 1 Bedroom | 1BR,1BA | $1.42 |
121 W Broad St | 2 Bedroom 2 Bath - 19039 | 2BR,2BA | $1.40 |
Smokehouse Lofts | 2 Beds, 2 Baths | 2BR,2BA | $1.37 |
Quick Rent Budget Calculator
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Pet Friendly LifestyleCity Center, Richmond, VA
Ranked #33
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 $1,114.
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.

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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

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.

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.