




- Student Housing
- 1–2 Bedrooms
- $1,447-$4,845 Plus Fees
- 540–1,015 Square Feet
Rent Specials
Zero Security Deposit Community powered by LeaseLock. Ask for details today!
About The Penny at Jackson Ward
The Penny, located at 2 W Marshall Street in historic Jackson Ward, is a brand-new luxury apartment building featuring pet-friendly studio, one bedroom, and two bedroom apartments. The Penny is where modern luxury living meets history. Located conveniently Downtown, this walkable neighborhood is convenient to VCU, restaurants, businesses, and more. The Penny offers city living with luxury amenities, including a rooftop terrace, fitness center, garage parking, bike racks, pool, and more. Each controlled access luxury apartment features contemporary kitchens, modern appliances, washer & dryer, blazing fast internet, and the open floorplans synonymous with modern living.
The Penny at Jackson Ward is located in the Jackson Ward Neighborhood and 23220 Zip code of Richmond, VA. This community is professionally managed by Gates, Hudson & Associates - Residential
Unique Features and Amenities
- 24/7 Package Pickup
- Bike Racks
- Blazing Fast Internet Included
- Built in Microwaves
- Collection of Balconies and Private Terraces
- Contemporary Kitchens
- Courtyard Lounge Areas
- Courtyard, Balcony or Rooftop Views
- Designer Island Kitchens
- Easy PULSE & GRTC accessibility
- Efficient Appliances
- Flexible, Short-Term Leasing Options
- Gorgeous Kitchen Tile Backsplash
- Housing Choice Voucher Program
- Lavish Granite Countertops
- Mobile Access Pass
- Open Floor Plan Layouts
- Patio/Balcony
- Pet Friendly
- Recessed and Pendant Lighting
- Report Rent and Build Credit with IDIQ
- Smoke Free Building
- Stainless Appliances
- Very Bikeable Score 89%
- Walkability Paradise Score 97%
- Wheelchair Access
- Wifi Lounge Areas
Property Contact Info

- Listed by:
- Agency:
- Vendor Logo:
- Website:
- View Property Website
- Call Us:
- (804) 441-7575
- Disclaimer:
Office Hours
| Monday | 9:00 am–5:30 pm |
| Tuesday | 9:00 am–5:30 pm |
| Wednesday | 11:00 am–5:30 pm |
| Thursday | 9:00 am–5:30 pm |
| Friday | 9:00 am–5:00 pm |
| Saturday | 9:00 am–4:00 pm |
| Sunday | Closed |
Floorplan Pricing and Availability
The Penny at Jackson Ward offers 1 to 2 Bedroom apartments starting from $1,447 and having 540–1,015 sq ft. Here is the current pricing and availability:
New! Interactive Property Map
1 Bedroom
The Ella (E-B)
From $1,666
1 Bed, 1 Bath, 715 sq ftPlus FeesAvailable NowModel Gallery
Floorplans
Availability Details
Price Availability Date Unit Sq Ft View Details $1,672 Available Now 520 715 $1,666 August 10, 2026 309 715 Model Amenities and Features
Features
- Balcony
- Smoke Free
- Washer/Dryer
- Wi-Fi
Kitchen
- Granite Countertops
- Island Kitchen
- Kitchen
- Microwave
Model Lease Information
Model Price Range
- $1,666 - $3,843
Current Available Pricing
- $1,666 - $1,672 Plus Fees
Unit 520 Lease Information
Unit Price
- $1,672
Model Lease Information
Model Price Range
- $1,666 - $3,843Plus Fees
Unit 309 Lease Information
Unit Price
- $1,666
Model Lease Information
Model Price Range
- $1,666 - $3,843Plus Fees
Apartment Model: The Ella (E-B)From $1,6661 Bedroom, 1 Bath, 715 sq ftAvailable Now![]()
The Ella (E-B) - Floorplan 1 ![]()
The Ella (E-B) - Floorplan 2 Apartment Unit: 520Apartment Model: The Ella (E-B)$1,6721 Bedroom, 1 Bath, 715 sq ftAvailable NowApartment Unit: 309Apartment Model: The Ella (E-B)$1,6661 Bedroom, 1 Bath, 715 sq ftAvailable August 10, 2026The Miles (M-G)
From $1,542
1 Bed, 1 Bath, 619 sq ftPlus FeesAvailable Jul 7Model Gallery
Floorplans
Availability Details
Price Availability Date Unit Sq Ft View Details $1,602 July 7, 2026 504 619 $1,542 September 8, 2026 326 619 Model Amenities and Features
Features
- Balcony
- Smoke Free
- Washer/Dryer
- Wi-Fi
Kitchen
- Granite Countertops
- Island Kitchen
- Kitchen
- Microwave
Model Lease Information
Model Price Range
- $1,542 - $3,696
Current Available Pricing
- $1,542 - $1,602 Plus Fees
Unit 504 Lease Information
Unit Price
- $1,602
Model Lease Information
Model Price Range
- $1,542 - $3,696Plus Fees
Unit 326 Lease Information
Unit Price
- $1,542
Model Lease Information
Model Price Range
- $1,542 - $3,696Plus Fees
Apartment Model: The Miles (M-G)From $1,5421 Bedroom, 1 Bath, 619 sq ftAvailable July 7, 2026![]()
The Miles (M-G) - Floorplan Apartment Unit: 504Apartment Model: The Miles (M-G)$1,6021 Bedroom, 1 Bath, 619 sq ftAvailable July 7, 2026Apartment Unit: 326Apartment Model: The Miles (M-G)$1,5421 Bedroom, 1 Bath, 619 sq ftAvailable September 8, 2026The Ella Terrace
From $2,096
1 Bed, 1 Bath, 1015 sq ftPlus FeesAvailable Jul 25Largest 1 BedroomThis is the largest 1 Bedroom at this PropertyModel Gallery
Floorplans
Availability Details
Price Availability Date Unit Sq Ft $2,096 July 25, 2026 614 1015 Model Amenities and Features
Features
- Balcony
- Smoke Free
- Washer/Dryer
- Wi-Fi
Kitchen
- Granite Countertops
- Island Kitchen
- Kitchen
- Microwave
Unit 614 Lease Information
Unit Price
- $2,096
Model Lease Information
Model Price Range
- $2,096 - $4,845Plus Fees
Apartment Model: The Ella TerraceFrom $2,0961 Bedroom, 1 Bath, 1015 sq ftAvailable July 25, 2026![]()
The Ella Terrace - Floorplan 1 ![]()
The Ella Terrace - Floorplan 2 Apartment Unit: 614Apartment Model: The Ella Terrace$2,0961 Bedroom, 1 Bath, 1015 sq ftAvailable July 25, 2026The Ella (E-C1)
From $1,531
1 Bed, 1 Bath, 750 sq ftPlus FeesAvailable Jul 26Model Gallery
Floorplans
Availability Details
Price Availability Date Unit Sq Ft $1,531 July 26, 2026 222 750 Model Amenities and Features
Features
- Balcony
- Smoke Free
- Washer/Dryer
- Wi-Fi
Kitchen
- Granite Countertops
- Island Kitchen
- Kitchen
- Microwave
Unit 222 Lease Information
Unit Price
- $1,531
Model Lease Information
Model Price Range
- $1,531 - $3,534Plus Fees
Apartment Model: The Ella (E-C1)From $1,5311 Bedroom, 1 Bath, 750 sq ftAvailable July 26, 2026![]()
The Ella (E-C1) - Floorplan Apartment Unit: 222Apartment Model: The Ella (E-C1)$1,5311 Bedroom, 1 Bath, 750 sq ftAvailable July 26, 2026The Ella (E-D)
From $1,531
1 Bed, 1 Bath, 765 sq ftPlus FeesAvailable Jul 28Model Gallery
Floorplans
Photos
3D Tours
Availability Details
Price Availability Date Unit Sq Ft $1,531 July 28, 2026 216 765 Model Amenities and Features
Features
- Balcony
- Smoke Free
- Washer/Dryer
- Wi-Fi
Kitchen
- Granite Countertops
- Island Kitchen
- Kitchen
- Microwave
Unit 216 Lease Information
Unit Price
- $1,531
Model Lease Information
Model Price Range
- $1,531 - $3,534Plus Fees
Apartment Model: The Ella (E-D)From $1,5311 Bedroom, 1 Bath, 765 sq ftAvailable July 28, 2026FloorplansPhotos3D Tours![]()
The Ella (E-D) - Image 1 ![]()
The Ella (E-D) - Image 2 ![]()
The Ella (E-D) - Image 3 ![]()
The Ella (E-D) - Image 4 ![]()
The Ella (E-D) - Image 5 ![]()
The Ella (E-D) - Image 6 ![]()
The Ella (E-D) - Image 7 ![]()
The Ella (E-D) - Image 8 ![]()
The Ella (E-D) - Image 9 ![]()
The Ella (E-D) - Image 10 ![]()
The Ella (E-D) - Floorplan 1 ![]()
The Ella (E-D) - Floorplan 2 The Ella (E-D) - 3D Tour Apartment Unit: 216Apartment Model: The Ella (E-D)$1,5311 Bedroom, 1 Bath, 765 sq ftAvailable July 28, 2026The Miles (M-B)
From $1,596
1 Bed, 1 Bath, 540 sq ftPlus FeesAvailable Aug 4Model Gallery
Floorplans
Availability Details
Price Availability Date Unit Sq Ft $1,596 August 4, 2026 604 540 Model Amenities and Features
Features
- Balcony
- Smoke Free
- Washer/Dryer
- Wi-Fi
Kitchen
- Granite Countertops
- Island Kitchen
- Kitchen
- Microwave
Unit 604 Lease Information
Unit Price
- $1,596
Model Lease Information
Model Price Range
- $1,596 - $2,059Plus Fees
Apartment Model: The Miles (M-B)From $1,5961 Bedroom, 1 Bath, 540 sq ftAvailable August 4, 2026![]()
The Miles (M-B) - Floorplan Apartment Unit: 604Apartment Model: The Miles (M-B)$1,5961 Bedroom, 1 Bath, 540 sq ftAvailable August 4, 2026The Miles (M-K)
From $1,537
1 Bed, 1 Bath, 672 sq ftPlus FeesAvailable Sep 2Model Gallery
Floorplans
Availability Details
Price Availability Date Unit Sq Ft $1,537 September 2, 2026 618 672 Model Amenities and Features
Features
- Balcony
- Smoke Free
- Washer/Dryer
- Wi-Fi
Kitchen
- Granite Countertops
- Island Kitchen
- Kitchen
- Microwave
Unit 618 Lease Information
Unit Price
- $1,537
Model Lease Information
Model Price Range
- $1,537 - $1,945Plus Fees
Apartment Model: The Miles (M-K)From $1,5371 Bedroom, 1 Bath, 672 sq ftAvailable September 2, 2026![]()
The Miles (M-K) - Floorplan 1 ![]()
The Miles (M-K) - Floorplan 2 Apartment Unit: 618Apartment Model: The Miles (M-K)$1,5371 Bedroom, 1 Bath, 672 sq ftAvailable September 2, 2026The Miles (M-L)
From $1,447
1 Bed, 1 Bath, 671 sq ftPlus FeesAvailable Sep 6Cheapest 1 BedroomThis is the cheapest 1 Bedroom at this PropertyModel Gallery
Floorplans
Availability Details
Price Availability Date Unit Sq Ft $1,447 September 6, 2026 124 671 Model Amenities and Features
Features
- Balcony
- Smoke Free
- Washer/Dryer
- Wi-Fi
Kitchen
- Granite Countertops
- Island Kitchen
- Kitchen
- Microwave
Unit 124 Lease Information
Unit Price
- $1,447
Model Lease Information
Model Price Range
- $1,447 - $1,871Plus Fees
Apartment Model: The Miles (M-L)From $1,4471 Bedroom, 1 Bath, 671 sq ftAvailable September 6, 2026![]()
The Miles (M-L) - Floorplan Apartment Unit: 124Apartment Model: The Miles (M-L)$1,4471 Bedroom, 1 Bath, 671 sq ftAvailable September 6, 20262 Bedrooms
The Louis (L-D)
From $1,861
2 Beds, 2 Baths, 932 sq ftPlus FeesAvailable Aug 1Largest 2 BedroomThis is the largest 2 Bedroom at this PropertyModel Gallery
Floorplans
Availability Details
Price Availability Date Unit Sq Ft View Details $1,861 August 1, 2026 201 932 $1,910 September 7, 2026 301 932 Model Amenities and Features
Features
- Balcony
- Smoke Free
- Washer/Dryer
- Wi-Fi
Kitchen
- Granite Countertops
- Island Kitchen
- Kitchen
- Microwave
Model Lease Information
Model Price Range
- $1,871 - $3,441
Current Available Pricing
- $1,861 - $1,910 Plus Fees
Unit 201 Lease Information
Unit Price
- $1,861
Model Lease Information
Model Price Range
- $1,871 - $3,441Plus Fees
Unit 301 Lease Information
Unit Price
- $1,910
Model Lease Information
Model Price Range
- $1,871 - $3,441Plus Fees
Apartment Model: The Louis (L-D)From $1,8712 Bedroom, 2 Bath, 932 sq ftAvailable August 1, 2026![]()
The Louis (L-D) - Floorplan Apartment Unit: 201Apartment Model: The Louis (L-D)$1,8612 Bedroom, 2 Bath, 932 sq ftAvailable August 1, 2026Apartment Unit: 301Apartment Model: The Louis (L-D)$1,9102 Bedroom, 2 Bath, 932 sq ftAvailable September 7, 2026The Louis (L-A)
From $1,813
2 Beds, 2 Baths, 825 sq ftPlus FeesAvailable Aug 8Model Gallery
Floorplans
Photos
3D Tours
Availability Details
Price Availability Date Unit Sq Ft $1,813 August 8, 2026 107 825 Model Amenities and Features
Features
- Balcony
- Smoke Free
- Washer/Dryer
- Wi-Fi
Kitchen
- Granite Countertops
- Island Kitchen
- Kitchen
- Microwave
Unit 107 Lease Information
Unit Price
- $1,813
Model Lease Information
Model Price Range
- $1,823 - $3,334Plus Fees
Apartment Model: The Louis (L-A)From $1,8232 Bedroom, 2 Bath, 825 sq ftAvailable August 8, 2026FloorplansPhotos3D Tours![]()
The Louis (L-A) - Image 1 ![]()
The Louis (L-A) - Image 2 ![]()
The Louis (L-A) - Image 3 ![]()
The Louis (L-A) - Image 4 ![]()
The Louis (L-A) - Image 5 ![]()
The Louis (L-A) - Image 6 ![]()
The Louis (L-A) - Image 7 ![]()
The Louis (L-A) - Image 8 ![]()
The Louis (L-A) - Image 9 ![]()
The Louis (L-A) - Image 10 ![]()
The Louis (L-A) - Floorplan 1 ![]()
The Louis (L-A) - Floorplan 2 The Louis (L-A) - 3D Tour Apartment Unit: 107Apartment Model: The Louis (L-A)$1,8132 Bedroom, 2 Bath, 825 sq ftAvailable August 8, 2026The Louis (L-C)
From $1,915
2 Beds, 2 Baths, 894 sq ftPlus FeesAvailable Aug 30Model Gallery
Floorplans
Availability Details
Price Availability Date Unit Sq Ft $1,915 August 30, 2026 528 894 Model Amenities and Features
Features
- Balcony
- Smoke Free
- Washer/Dryer
- Wi-Fi
Kitchen
- Granite Countertops
- Island Kitchen
- Kitchen
- Microwave
Unit 528 Lease Information
Unit Price
- $1,915
Model Lease Information
Model Price Range
- $1,926 - $3,516Plus Fees
Apartment Model: The Louis (L-C)From $1,9262 Bedroom, 2 Bath, 894 sq ftAvailable August 30, 2026![]()
The Louis (L-C) - Floorplan Apartment Unit: 528Apartment Model: The Louis (L-C)$1,9152 Bedroom, 2 Bath, 894 sq ftAvailable August 30, 2026
Schedule a Tour
3D Tours
Property Information
- 169 Units
- 5 Stories
- Built in 2019
Fees and Policies
The fees listed below are community-provided and may exclude utilities or add-ons. All payments are made directly to the property and are non-refundable unless otherwise specified.
Required Fees
One-Time Basics
- Due at Application
- Application Fee Per ApplicantiCharged per applicant.$60.00
Pet Policy and Fees
Cats
None
Comments: | Restrictions: None
Dogs
Breed Restrictions
Comments: | Restrictions: Breed Restrictions
Parking Info and Fees
- Covered
Property Fee Disclaimer: Based on community-supplied data and independent market research. Subject to change without notice. May exclude fees for mandatory or optional services and usage-based utilities.
Features and Amenities
On-Site Services
- Maintenance On Site
- Property Manager On Site
Community Features
- Lounge
- Elevator
Outdoor Features
- Courtyard
- Controlled Access
- Patio
Recreation and Fitness
- Fitness Center
- Pool
Interior Features
- Balcony
- Washer/Dryer
- Wi Fi
- Smoke Free
Kitchen Amenities
- Island Kitchen
- Kitchen
- Microwave
- Granite Countertops
Living Area Features
- High Ceilings

Map
- Shopping
- Colleges
- Grocery
- Medical
- Parks

Map
Frequently Asked Questions about The Penny at Jackson Ward
Where is The Penny at Jackson Ward located?
The Penny at Jackson Ward is located at 2 W Marshall St near the Jackson Ward area of Richmond, VA
What is the current rent range at The Penny at Jackson Ward?
1 Bedroom to 2 Bedroom Apartments at The Penny at Jackson Ward currently range from $1,447 to $2,096
When is the leasing office open?
- The office Hours for The Penny at Jackson Ward are
- Monday 9:00 am–5:30 pm
- Tuesday 9:00 am–5:30 pm
- Wednesday 11:00 am–5:30 pm
- Thursday 9:00 am–5:30 pm
- Friday 9:00 am–5:00 pm
- Saturday 9:00 am–4:00 pm
- Sunday Closed
Are pets allowed?
Call us today to find out our pet policy and if we allow pets
Are there any rent specials?
The current rent special at The Penny at Jackson Ward is: Zero Security Deposit Community powered by LeaseLock. Ask for details today!.
Lifestyle Ratings
Learn more about Lifestyle SearchRenters Reviews and Ratings
Verified Renter
May 17, 2025 - Review from Apartments.comGood place to move to Good place to move very clean very nice looking for other helpful I love it hereProperty Manager Responded
May 21, 2025Thank you so much for your kind words! We're thrilled to hear that you're enjoying your experience and loving your home here. Our team works hard to maintain a clean and welcoming community, and it means a lot to know it’s making a positive impact. If there's ever anything we can do to make your stay even better, please don’t hesitate to reach out. We're so glad you're here! Sincerely, The Penny Team
Loved the tour
February 8, 2024 - Review from Apartments.comThe tour guide was very helpful at telling us all the details and showing us aroundProperty Manager Responded
February 11, 2025Thank you for your five-star feedback, Sorybel! We hope you continue to enjoy your stay at The Penny at Jackson Ward. Please don't hesitate to contact the office if you need anything. We’re always happy to help!
Great
March 14, 2024 - Review from Apartments.comQuick and even fixed something I wasn’t aware needed fixing.Property Manager Responded
April 10, 2024Thank you for your five-star review of The Penny at Jackson Ward! It's our pleasure to provide you and all residents with prompt, professional service!
Horrible, do not recommend
January 17, 2023 - Review from Apartments.comI live at the Penny currently and throughly agree with the post below. Living at the Penny comes with unreasonable amounts of fees that for me were not disclosed prior to submitting application and moving in, ( parking fee, water fee with rent and a $20 no deposit fee). It is very expensive to live here and comes with horrible customer service, I have seen over 7 people come and go in the offices over a span of months. Parking is so full there is a lot of time no reasonable parking space ...available after paying $125.00 a MONTH to park. I would not recommend the Penny to anyone.Read MoreProperty Manager Responded
January 22, 2023Thank you for your feedback. We're sorry you've had an inconvenient experience at The Penny. We appreciate the opportunity to be more clear on all monthly fees, both optional and mandatory. While we currently mention this on our website, in move in documents, and the lease - but work to ensure our agents have clear conversations about this as well - and your feedback helps. We hope to earn your recommendation as we strive for 5-star service. We wish you the very best either way. Thank you for your time and energy to share.
Points of Interest
Time and distance from The Penny at Jackson Ward.
Arts Museums and Landmarks
Big Box and Retail
Kroger
Walgreens
Aldi
Colleges and Universities
J. Sargeant Reynolds Community College - Downtown Campus
Groceries
Kroger
Whole Foods
Aldi
Hospitals
Military Bases
US Defense General Supply Center
Parks and Recreation
The Penny at Jackson Ward has 1 park within 1.0 miles, including Hollywood Cemetary.
Shopping Centers
The Penny at Jackson Ward has 5 shopping centers within 1.4 miles.
Nearby Neighborhoods
Rental Price Ranges in the Area
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Richmond Studio Apartments | $1,468 | $715 | $7,148 |
| Richmond 1 Bedroom Apartments | $1,633 | $566 | $8,250 |
| Richmond 2 Bedroom Apartments | $1,945 | $628 | $10,000+ |
| Richmond 3 Bedroom Apartments | $2,168 | $810 | $9,341 |
| Richmond 4 Bedroom Apartments | $1,232 | $725 | $5,902 |
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