Cheap Apartments for Rent in the Monroe Ward Neighborhood of Richmond, VA from $700 (24 Rentals)

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

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Richmond Arts
1 Bedroom Apartments

Richmond Arts

115 N 1st StRichmond, VA 23219
  • Utilities Included
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Jernigin Hall
Studio to 1 Bedroom Apartments

Jernigin Hall

314 W Grace StRichmond, VA 23220
  • Utilities Included
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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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Linden Tower
1 to 2 Bedroom Apartments

Linden Tower

116 E Franklin StRichmond, VA 23219
  • Utilities Included
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1 West Cary
1 Bedroom Apartments

1 West Cary

106 S Foushee StRichmond, VA 23220
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Showing Results 1-24, Page 1 of 1

Cheapest Available Monroe Ward Apartments for Rent

 

The cheapest available apartment rental in the Monroe Ward area of Richmond, VA is a 1 Bed unit found at 210 E Grace St priced from $1,100. Towers on Franklin has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,119. Here are the most affordable Monroe Ward apartments for rent in Richmond, VA:

Apartment ListingModel NameBed/BathPriced From
210 E Grace St1bed/1bath1BR,1BA$1,100
Towers on FranklinCary1BR,1BA$1,119
Parc View at CommonwealthD5 - Penthouse4BR,4BA$1,145
Revival Apartments1 Bedroom 1 Bath1BR,1BA$1,149
The BerkshireMonroe1BR,1BA$1,150

Best Value Apartments for Rent in Monroe Ward, VA

As of July 30, 2025 the best value apartment in the Monroe Ward area is the $1.45 price per square foot 2BR/2.0BA Model at Park Plaza @ Belvidere in the in the Downtown Richmond neighborhood starting from $2,033. The second greatest value Monroe Ward apartment is the Motif Gallery - 2 Bedroom 1.5 Bath Model at The Mezzo Lofts starting at $1,581 with a $1.48 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Park Plaza @ Belvidere2BR/2.0BA2BR,2BA$1.45
The Mezzo LoftsMotif Gallery - 2 Bedroom 1.5 Bath2BR,1.5BA$1.48
The BerkshireMonroe1BR,1BA$1.26
Grace & Monroe Apartments2B | 2B - 8982BR,2BA$1.88
404 W Broad St, Unit 201404 W Broad St1BR,1BA$1.71
Hammond Lofts1021BR,1BA$1.96
Revival Apartments1 Bedroom 1 Bath1BR,1BA$1.69
209 E Main Stunit 212 2A1BR,1BA$1.92
210 E Grace St1bed/1bath1BR,1BA$1.79
Towers on FranklinCary1BR,1BA$1.86

Getting Around the Monroe Ward Neighborhood in Richmond, VA

Walk Score®

96 / 100

Walker’s Paradise

Daily errands do not require a car

Bike Score®

80 / 100

Very Bikeable

Biking is convenient for most trips

Transit Score®

62 / 100

Good Transit

Many nearby public transportation options

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Monroe Ward Apartments

What is the price of a cheap apartment in Monroe Ward?

The cheapest apartment in Monroe Ward is 210 E Grace St which is listed at $1,100, while the average apartment in Monroe Ward costs $1,905.

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 46 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 $631 which is $1,274 cheaper than the average rent for all rentals in Monroe Ward.

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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