Cheap Apartments for Rent in the City Center Neighborhood of Richmond, VA from $550 (153 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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T and E Apartments
Rent Specials
$995 - $1,095
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$995 - $1,095

Total Monthly Price
$995 - $1,095
Studio Apartments Available Now

T and E Apartments

1011 W Marshall StRichmond, VA 23220
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The Masonry Apartments
Rent Specials
$1,016 - $1,861
Total Monthly Price

Total Monthly Price

Base Rent
$925 - $1,770
Required Monthly Fees
Varies

Total Monthly Price
Varies
Studio to 3 Bedroom Apartments Available Now

The Masonry Apartments

2001 E Franklin StRichmond, VA 23223
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Smokehouse Lofts
Rent Specials
$1,095 - $1,195
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,095 - $1,195

Total Monthly Price
$1,095 - $1,195
1 Bedroom Apartments Available Now

Smokehouse Lofts

110-114 S 15th StRichmond, VA 23219
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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.

property at 217 E Grace St

$1,095 - $1,295

Total Monthly Price

Total Monthly Price

Base Rent
$1,095

Total Monthly Price
$1,095

1 Bedroom Rentals

Available Now

217 E Grace St

RichmondVA23219
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209 E Main St
$1,100 - $1,700
Total Monthly Price

Total Monthly Price

Base Rent
$1,100 - $1,700

Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

209 E Main St

209 E Main StRichmond, VA 23219
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Towers on Franklin
Rent Specials
$1,135 - $2,139
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$990 - $1,994
Required Monthly Fees
$145

Total Monthly Price
$1,135 - $2,139
Studio to 2 Bedroom Apartments Available Now

Towers on Franklin

104 W Franklin StRichmond, VA 23220
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Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

property at 308 W Broad St

$1,175

Total Monthly Price

Total Monthly Price

Base Rent
$1,175

Total Monthly Price
$1,175

1 Bedroom, 1 Bath Home for Rent

Available Now

308 W Broad St

RichmondVA23220
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311 W. Franklin
Rent Specials
$1,195 - $1,695
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,195 - $1,695

Total Monthly Price
$1,195 - $1,695
Studio to 2 Bedroom Apartments Available Now

311 W. Franklin

311 W Franklin StRichmond, VA 23220
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Iron House Apartments
Rent Specials
$1,228 - $2,515
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,123 - $2,410
Required Monthly Fees
Varies

Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Now

Iron House Apartments

1309 W Broad StRichmond, VA 23220
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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 Shockoe Collection
$1,249 - $2,549
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,099 - $2,399
Required Monthly Fees
$150

Total Monthly Price
$1,249 - $2,549
1 to 3 Bedroom Apartments Available Now

The Shockoe Collection

104 Shockoe SlipRichmond, VA 23219
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Richmond’s Best Affordable Neighborhoods

Learn about Richmond and the best affordable places to live by our Local Expert Richard Corrigan

property at 1005 W Franklin St

$1,300

Total Monthly Price

Total Monthly Price

Base Rent
$1,300

Total Monthly Price
$1,300

1 Bedroom, 1 Bath Home for Rent

Available Now

1005 W Franklin St

RichmondVA23220
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Residences at Richmond Trust
Rent Specials
$1,313 - $2,171
Total Monthly Price

Total Monthly Price

Base Rent
$1,307 - $2,165
Required Monthly Fees
$6

Total Monthly Price
$1,313 - $2,171
Studio to 2 Bedroom Apartments Available Now

Residences at Richmond Trust

629 E Main StRichmond, VA 23219
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Deco at CNB
$1,337 - $2,104
Total Monthly Price

Total Monthly Price

Base Rent
$1,331 - $2,098
Required Monthly Fees
$6

Total Monthly Price
$1,337 - $2,104
Studio to 2 Bedroom Apartments Available Now

Deco at CNB

219 E Broad StRichmond, VA 23219
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The Trail Lofts
$1,344 - $2,215
Total Monthly Price

Total Monthly Price

Base Rent
$1,344 - $2,215

Total Monthly Price
$1,344 - $2,215
1 to 2 Bedroom Apartments Available Now

The Trail Lofts

12 S 17th StRichmond, VA 23219
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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

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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 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 ListingModel NameBed/BathPriced From
11 E Broad St1 Beds, 1 Baths1BR,1BA$749
Lofts and Upper Lofts at Canal Walk IIIStudioStudio,1BA$900
American Tobacco CollectionEdge-A21BR,1BA$977
1128 W. Grace St.*1BR/1.0BA1BR,1BA$995
T and E ApartmentsStudioStudio,1BA$995
Van de VyverThe ReserveStudio,1BA$998
Jefferson Townhouses1X11BR,1BA$1,000
Mortons Apartments1BR/1.0BA1BR,1BA$1,009
The Jackson on Broad0 Bedroom 1 Bath - 77116Studio,1BA$1,050
The Stables1 Bedroom 1 Bathroom1BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Broad St W 200Broad St W 200 - 2023BR,2BA$1.39
Marshall Park4x2 - Priced Per Bedroom4BR,2BA$0.48
Park Plaza @ Belvidere2BR/2.0BA2BR,2BA$1.44
Broadway ApartmentsTwo Bed Two Bath2BR,2BA$1.30
The Mezzo LoftsMural Gallery - 2 Bedroom 2 Bath2BR,2BA$1.37
Main25251BR/1.0BA1BR,1BA$1.29
ConsolidatedCO-B One Bedroom, One Bathroom1BR,1BA$1.46
Marshall Street Apartments1 Bedroom / 1 Bath - 632sqft1BR,1BA$1.25
The BerkshireCatherine1BR,1BA$1.52
1128 W. Grace St.*1BR/1.0BA1BR,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.

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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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Real 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.

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Pet Friendly Lifestyle
City Center, Richmond, VA

Ranked #42

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 $1,055.

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

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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.

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Explore The River City Like a Local: The Insider's Guide to Renting in Richmond, VA

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