
Cheap Apartments for Rent in the Monroe Ward Neighborhood of Richmond, VA from $749 (59 Rentals)
Search the lowest-cost Apartments available for rent right now in the Monroe Ward area of Richmond.


315 N Adams St

The Berkshire

Total Monthly Price
209 E Main St

District Square Apartments

Total Monthly Price
Towers on Franklin

The Corner Lofts

Total Monthly Price
311 W. Franklin

Mortons Apartments

The Mezzo Lofts
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.

Grace & Monroe Apartments

Atrium on Broad Apartments

Total Monthly Price
Deco at CNB

1 West Cary Apartments

Total Monthly Price
The Edgar at Linden Row

215 E Grace St

217 E Grace St

205 E Broad St

Total Monthly Price
One Canal Apartments

The Loop at Midtown
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.

7 East Franklin

1 -1/2-104 1/2 E Clay St

Total Monthly Price
1 N 3rd St

The Penny at Jackson Ward

Total Monthly Price
11 S 2nd St

119 W Clay St

9a S Adams St

7 S Adams St

Total Monthly Price
Harper's Flats

Total Monthly Price
212 W Broad St, Unit #3
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.

Monroe Park Towers Apartments

120 W Marshall St

Park Plaza @ Belvidere

411 N Adams St

11 E Broad St

Richmond Arts

Jernigin Hall

The Richmond Dairy Apartments

501-503 E Main St

Linden Tower
Richmond’s Best Affordable Neighborhoods
Learn about Richmond and the best affordable places to live by our Local Expert Richard Corrigan

The Jackson on Broad

1 West Cary

Landmark at Marshall Broad

5 Spot

12 E Main St

Hammond Lofts

2 E Broad St

The Jewelry Building

Logan House Apartments

Revival
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
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 | $1,210 | $1,045 | $1,366 |
| Monroe Ward 1 Bedroom Apartments | $1,442 | $1,050 | $2,300 |
| Monroe Ward 2 Bedroom Apartments | $1,847 | $1,400 | $2,566 |
| Monroe Ward 3 Bedroom Apartments | $1,561 | $1,250 | $2,700 |
| Monroe Ward 4 Bedroom Apartments | $1,200 | $1,150 | $1,265 |
Browse Apartments in this Neighborhood
There are currently 59 rentals with your search options within a 2 mile radius of the Monroe Ward Neighborhood of Richmond, VA.
See all Apartments in RichmondExplore Richmond
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 11 E Broad St priced from $749. The Jackson on Broad has the second lowest priced unit, which is a Studio apartment currently listed from $1,050. Here are the most affordable Monroe Ward apartments for rent in Richmond, VA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 11 E Broad St | 1 Beds, 1 Baths | 1BR,1BA | $749 |
| The Jackson on Broad | 0 Bedroom 1 Bath - 77116 | Studio,1BA | $1,050 |
| 209 E Main St | Unit 4,6,8 | 1BR,1BA | $1,100 |
| 210 E Grace St | 1bed/1bath | 1BR,1BA | $1,100 |
| The Berkshire | Linden | 1BR,1BA | $1,133 |
| Towers on Franklin | Gold | Studio,1BA | $1,155 |
| Landmark at Marshall Broad | The Adams | Studio,1BA | $1,163 |
| The Corner Lofts | 1 Bedroom 1 Bath - 28707 | 1BR,1BA | $1,175 |
| 311 W. Franklin | Harrison | Studio,1BA | $1,195 |
| Mortons Apartments | 1BR/1.0BA | 1BR,1BA | $1,199 |
Best Value Apartments for Rent in Monroe Ward, VA
As of September 08, 2026 the best value apartment in the Monroe Ward area is the $1.30 price per square foot Broad St W 200 - 202 Model at Broad St W 200 in the in the Downtown Richmond neighborhood starting from $2,150. The second greatest value Monroe Ward apartment is the Mandala Gallery - 3 Bedroom 2 bath Model at The Mezzo Lofts starting at $1,887 with a $1.16 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. |
|---|---|---|---|
| Broad St W 200 | Broad St W 200 - 202 | 3BR,2BA | $1.30 |
| The Mezzo Lofts | Mandala Gallery - 3 Bedroom 2 bath | 3BR,2BA | $1.16 |
| Park Plaza @ Belvidere | 2BR/2.0BA | 2BR,2BA | $1.44 |
| 7 East Franklin | 1 Bedroom 1 Bath - 61014 | 1BR,1BA | $1.57 |
| 121 W Broad St | 2 Bedroom 2 Bath - 65437 | 2BR,2BA | $1.78 |
| 1 West Cary Apartments | 1BR/1.0BA | 1BR,1BA | $1.62 |
| 5 Spot | 1BR/1.0BA | 1BR,1BA | $1.69 |
| The Berkshire | Linden | 1BR,1BA | $1.63 |
| The Corner Lofts | 1 Bedroom 1 Bath - 19089 | 1BR,1BA | $1.97 |
| 210 E Grace St | 1bed/1bath | 1BR,1BA | $1.79 |
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 $1,199.
What is the price of a cheap apartment in Monroe Ward?
The cheapest apartment in Monroe Ward is 11 E Broad St which is listed at $749, while the average apartment in Monroe Ward costs $1,432.
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 65 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 $846 which is $586 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.
Helpful Local Expert Guides

Your Richmond Neighborhood Guide: Living Near the City's Top Employers
Written by: Richard Corrigan
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.

Explore The River City Like a Local: The Insider's Guide to Renting in Richmond, VA
Written by: Richard Corrigan
Welcome to Richmond! For those unfamiliar, it’s Virginia’s state capitol, a city with a long and rich history, and—some might say—Virginia’s biggest small town. There’s a lot to love about living here.

Your Guide to Picking the Perfect Richmond Neighborhood for Student Renters
Written by: Richard Corrigan
Richmond isn't always thought of as a college town, but there are actually several major colleges and universities here. One thing Richmond does get credit for—and rightfully so—is being a very neighborhood-friendly city.

A Local Expert's 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.
Articles, How-To's, and Tips

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.