
Cheap Apartments for Rent in the Monroe Ward Neighborhood of Richmond, VA from $600 (19 Rentals)
Search the lowest-cost Apartments available for rent right now in the Monroe Ward area of Richmond.


The Mezzo Lofts

Atrium on Broad Apartments

The Berkshire

Grace & Monroe Apartments
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The Penny at Jackson Ward

Revival Apartments

Mortons Apartments

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Monroe Ward, Richmond, VA Local Guide

How much does it cost to rent an apartment in Monroe Ward?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Monroe Ward Studio Apartments | $1,068 | $900 | $1,399 |
| Monroe Ward 1 Bedroom Apartments | $1,401 | $1,025 | $2,300 |
| Monroe Ward 2 Bedroom Apartments | $1,841 | $1,171 | $2,800 |
| Monroe Ward 3 Bedroom Apartments | $1,635 | $1,250 | $3,200 |
| Monroe Ward 4 Bedroom Apartments | $1,200 | $1,150 | $1,265 |
Browse Apartments in this Neighborhood
There are currently 19 rentals with your search options within a 2 mile radius of the Monroe Ward Neighborhood of Richmond, VA.
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Cheapest Available Monroe Ward Apartments for Rent
 The cheapest available apartment rental in the Monroe Ward area of Richmond, VA is a Studio unit found at Towers on Franklin priced from $900. The Mezzo Lofts has the second lowest priced unit, which is a Studio apartment currently listed from $971. Here are the most affordable Monroe Ward apartments for rent in Richmond, VA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Towers on Franklin | Harrison | Studio,1BA | $900 |
| The Mezzo Lofts | Montage Gallery - Studios | Studio,1BA | $971 |
| Atrium on Broad Apartments | 1BR/1.0BA | 1BR,1BA | $1,025 |
| 210 E Grace St | 1bed/1bath | 1BR,1BA | $1,100 |
| Revival Apartments | 1 Bedroom 1 Bath | 1BR,1BA | $1,149 |
Best Value Apartments for Rent in Monroe Ward, VA
As of January 03, 2026 the best value apartment in the Monroe Ward area is the $1.45 price per square foot Downtown Double Suite Model at The Berkshire in the in the Downtown Richmond neighborhood starting from $2,700. The second greatest value Monroe Ward apartment is the 2BR/2.0BA Model at Park Plaza @ Belvidere starting at $2,306 with a $1.65 price per square foot in the Downtown Richmond neighborhood. Here is today’s list of the best values for Monroe Ward apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Berkshire | Downtown Double Suite | 2BR,2BA | $1.45 |
| Park Plaza @ Belvidere | 2BR/2.0BA | 2BR,2BA | $1.65 |
| 209 E Main St | Unit 208A | 2BR,1BA | $1.36 |
| The Jackson on Broad | 2 Bedroom 2 Bath - 19044 | 2BR,2BA | $1.69 |
| 2 E Broad St | 1BR/1.0BA | 1BR,1BA | $1.60 |
| 210 E Grace St | 1bed/1bath | 1BR,1BA | $1.58 |
| Mortons Apartments | 2BR/2.0BA | 2BR,2BA | $1.89 |
| Revival Apartments | 1 Bedroom 1 Bath | 1BR,1BA | $1.69 |
| Atrium on Broad Apartments | 1BR/1.0BA | 1BR,1BA | $1.63 |
| The Mezzo Lofts | Montage Gallery - Studios | Studio ,1BA | $1.69 |
Frequently Asked Questions about Cheap Monroe Ward Apartments
What is a cheap apartment in Monroe Ward?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Monroe Ward is under $1,396.
What is the price of a cheap apartment in Monroe Ward?
The cheapest apartment in Monroe Ward is Atrium on Broad Apartments which is listed at $1,025, while the average apartment in Monroe Ward costs $1,799.
What types of apartments are the cheapest in Monroe Ward?
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 74 regular apartments in Monroe Ward 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 Monroe Ward?
Cheap apartments in Monroe Ward have an average cost of $946 which is $853 cheaper than the average rent for all rentals in Monroe Ward.
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.
Articles, How-To's, and Tips

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 Make Your Apartment Holiday-Ready: Renter-Friendly Tips
Written by: Justin Habersaat
Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

Apartment Common Area Rules: What Renters Need to Know
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Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.








