
Cheap Apartments for Rent in the City Center Neighborhood of Richmond, VA from $550 (153 Rentals)
Search the lowest-cost Apartments available for rent right now in the City Center area of Richmond.


The Mezzo Lofts

Total Monthly Price
American Tobacco Collection

Total Monthly Price
T and E Apartments

Van de Vyver

Jefferson Townhouses

Mortons Apartments

Total Monthly Price
The Masonry Apartments

The Berkshire

Total Monthly Price
Smokehouse Lofts
The Richmond Renter's Guide to Living Near Work
Get the inside scoop on Richmond's most livable neighborhoods and find the perfect apartment close to where you work. Our local expert breaks it all down by the city's top employers like VCU Health and Costar.

302 Goshen St, Unit 106

1016 Park Ave

1318 W Broad St, Unit 404

217 E Grace St

Raven Place

Total Monthly Price
209 E Main St

The River Lofts at Tobacco Row

Total Monthly Price
Towers on Franklin

The Attain

The Edison
Rent According to Income: A Look at Income-Restricted Rentals
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The Corner Lofts

308 W Broad St

The Biggs Building

Total Monthly Price
311 W. Franklin

1318 W Broad St, Unit 208

Shockoe Valley View

The Oliver

Flats at 14th

Total Monthly Price
Iron House Apartments

District Square Apartments
Explore The River City Like a Local: The Insider's Guide to Renting in Richmond, VA
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Total Monthly Price
The Shockoe Collection

Marshall Street Apartments

Poythress Apartments

Grace & Monroe Apartments

Trolley Lofts

Atrium Lofts at Cold Storage

City View Lofts

Cigar Lofts

The Hill Building

Atrium on Broad Apartments
Richmond’s Best Affordable Neighborhoods
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Centennial Terrace

1005 W Franklin St

Total Monthly Price
Pohlig Box Factory Apartments

The Watkins at Shockoe

Total Monthly Price
Residences at Richmond Trust

Cary Belvidere Apartments

Total Monthly Price
Deco at CNB

Total Monthly Price
The Trail Lofts

1 West Cary Apartments

1005 Grove Ave Apartments
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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 | $1,361 | $923 | $1,827 |
| City Center 1 Bedroom Apartments | $1,522 | $1,000 | $2,949 |
| City Center 2 Bedroom Apartments | $1,927 | $1,195 | $4,265 |
| City Center 3 Bedroom Apartments | $1,900 | $1,250 | $2,750 |
| City Center 4 Bedroom Apartments | $1,412 | $710 | $5,659 |
Browse Apartments in this Neighborhood
There are currently 153 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
- Nearby Cities
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- Local Counties
- School Districts
Cheapest Available City Center Apartments for Rent
 The cheapest available apartment rental in the City Center area of Richmond, VA is a 1 Bed unit found at 11 E Broad St priced from $749. Lofts and Upper Lofts at Canal Walk III has the second lowest priced unit, which is a Studio apartment currently listed from $900. Here are the most affordable City Center apartments for rent in Richmond, VA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 11 E Broad St | 1 Beds, 1 Baths | 1BR,1BA | $749 |
| Lofts and Upper Lofts at Canal Walk III | Studio | Studio,1BA | $900 |
| American Tobacco Collection | Edge-A2 | 1BR,1BA | $977 |
| 1128 W. Grace St.* | 1BR/1.0BA | 1BR,1BA | $995 |
| T and E Apartments | Studio | Studio,1BA | $995 |
| Van de Vyver | The Reserve | Studio,1BA | $998 |
| Jefferson Townhouses | 1X1 | 1BR,1BA | $1,000 |
| Mortons Apartments | 1BR/1.0BA | 1BR,1BA | $1,009 |
| The Jackson on Broad | 0 Bedroom 1 Bath - 77116 | Studio,1BA | $1,050 |
| The Stables | 1 Bedroom 1 Bathroom | 1BR,1BA | $1,055 |
Best Value Apartments for Rent in City Center, VA
As of August 24, 2026 the best value apartment in the City Center area is the $1.39 price per square foot Broad St W 200 - 202 Model at Broad St W 200 in the in the Downtown Richmond neighborhood starting from $2,300. The second greatest value City Center apartment is the 4x2 - Priced Per Bedroom Model at Marshall Park starting at $710 with a $0.48 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. |
|---|---|---|---|
| Broad St W 200 | Broad St W 200 - 202 | 3BR,2BA | $1.39 |
| Marshall Park | 4x2 - Priced Per Bedroom | 4BR,2BA | $0.48 |
| Park Plaza @ Belvidere | 2BR/2.0BA | 2BR,2BA | $1.44 |
| Broadway Apartments | Two Bed Two Bath | 2BR,2BA | $1.30 |
| The Mezzo Lofts | Mural Gallery - 2 Bedroom 2 Bath | 2BR,2BA | $1.37 |
| Main2525 | 1BR/1.0BA | 1BR,1BA | $1.29 |
| Consolidated | CO-B One Bedroom, One Bathroom | 1BR,1BA | $1.46 |
| Marshall Street Apartments | 1 Bedroom / 1 Bath - 632sqft | 1BR,1BA | $1.25 |
| The Berkshire | Catherine | 1BR,1BA | $1.52 |
| 1128 W. Grace St.* | 1BR/1.0BA | 1BR,1BA | $1.33 |
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.
Read ArticleThe 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
Read ArticleReal 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.
Read ArticleQuick 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 #42
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 $1,055.
What is the price of a cheap apartment in City Center?
The cheapest apartment in City Center is 11 E Broad St which is listed at $749, while the average apartment in City Center costs $1,581.
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 133 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 $567 which is $1,014 cheaper than the average rent for all rentals in City Center.
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

Your Richmond Neighborhood Guide: Living Near the City's Top Employers
Written by: Richard Corrigan
Richmond is a beautiful place to live and work. The city has something for everyone—historic charm, trendy shops and boutiques, world-class restaurants and amazing urban parks and green spaces.

Explore The River City Like a Local: The Insider's 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.

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.

A Local Expert's 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.
Articles, How-To's, and Tips

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.