Cheap Apartments for Rent in the City Center Neighborhood of Richmond, VA from $500 (41 Rentals)

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Search the lowest-cost Apartments available for rent right now in the City Center area of Richmond.

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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Goshen Street
Studio to 3 Bedroom Apartments

Goshen Street

302 Goshen StRichmond, VA 23220
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Richmond Arts
1 Bedroom Apartments

Richmond Arts

115 N 1st StRichmond, VA 23219
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Shockoe Center
1 to 2 Bedroom Apartments

Shockoe Center

1900 E Franklin StRichmond, VA 23223

Richmond’s Best Affordable Neighborhoods

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

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Jernigin Hall
Studio to 1 Bedroom Apartments

Jernigin Hall

314 W Grace StRichmond, VA 23220
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Market Slip
1 to 2 Bedroom Apartments

Market Slip

2 S 17th StRichmond, VA 23219
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The Rosa
1 Bedroom Apartments

The Rosa

744 N 2nd StRichmond, VA 23219
Senior Living
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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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The Dill Building
1 to 2 Bedroom Apartments

The Dill Building

2020 E Franklin StRichmond, VA 23223
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The Hill Building
1 to 2 Bedroom Apartments

The Hill Building

114 Virginia StRichmond, VA 23219
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Shockoe Commons
1 to 2 Bedroom Apartments

Shockoe Commons

1209-1211 E Main StRichmond, VA 23223
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Linden Tower
1 to 2 Bedroom Apartments

Linden Tower

116 E Franklin StRichmond, VA 23219
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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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1 West Cary
1 Bedroom Apartments

1 West Cary

106 S Foushee StRichmond, VA 23220
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Old Stone Row
1 to 2 Bedroom Apartments

Old Stone Row

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

Engine at The Masonry

2026 E Main StRichmond, VA 23223
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Pine Court Apartments III
Studio to 3 Bedroom Apartments

Pine Court Apartments III

723-725 W Cary StRichmond, VA 23220
Student Housing
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Pine Court II
Studio to 3 Bedroom Apartments

Pine Court II

611 W Cary StRichmond, VA 23220
Student Housing
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Pine Court I
Studio to 2 Bedroom Apartments

Pine Court I

707 W Cary StRichmond, VA 23220
Student Housing
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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

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The Stables
1 Bedroom Apartments

The Stables

410 Hancock StRichmond, VA 23220
Showing Results 1-41, Page 1 of 1

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 $850. 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 ListingModel NameBed/BathPriced From
Towers on FranklinHarrisonStudio,1BA$850
Van de VyverThe ReserveStudio,1BA$998
District Square Apartments1Bd1Ba--5901BR,1BA$1,036
Attain ShockoeElmwood1BR,1BA$1,038
Shockoe CommonsA21BR,1BA$1,043
The Edison ApartmentsSXFStudio,1BA$1,084
1407 E Cary Street1 Beds, 1 Baths1BR,1BA$1,099
210 E Grace St1bed/1bath1BR,1BA$1,100
The Corner Lofts - 1321 E. Main St.1BR/1.0BA1BR,1BA$1,122
T and E Apartments0 Bed 1 BathStudio,1BA$1,130

Best Value Apartments for Rent in City Center, VA

As of May 18, 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 $1,877 with a $1.34 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.
Marshall Park4x2 - Priced Per Bedroom4BR,2BA$0.51
Park Plaza @ Belvidere2BR/2.0BA2BR,2BA$1.34
Lofts and Upper Lofts at Canal WalkCanal 236 1 Bed1BR,1BA$0.95
Raven PlaceB1.12BR,2BA$1.47
1407 E Cary Street1 Beds, 1 Baths1BR,1BA$1.11
The BerkshirePark1BR,1BA$1.34
1877 Lofts1BR/1.0BA1BR,1BA$1.51
1710 East Franklin Street1BR/1.0BA1BR,1BA$1.57
1 West Cary Apartments1BR/1.0BA1BR,1BA$1.43
210 E Grace St1bed/1bath1BR,1BA$1.58

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
City Center, Richmond, VA

Ranked #30

Among neighborhoods in Richmond, VA 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 $850.

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

The lowest price for a Cheap One Bedroom City Center Apartment is $1,036 at District Square 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 $1,199.

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.

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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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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.