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$900 - $2,064Studio to 2 Bedroom Apartments Available Now
Towers on Franklin
104 W Franklin StRichmond, VA 23220
Cheap Apartments for Rent in the Monroe Ward Neighborhood of Richmond, VA from $600 (20 Rentals)
Search the lowest-cost Apartments available for rent right now in the Monroe Ward area of Richmond.
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$1,030 - $2,8001 to 3 Bedroom Apartments Available Now
The Berkshire
300 W Franklin StRichmond, VA 23220
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$1,087 - $3,940Studio to 3 Bedroom Apartments Available Now
The Mezzo Lofts
17 W Broad StRichmond, VA 23220
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$1,095 - $1,5691 to 2 Bedroom Apartments Available Now
Mortons Apartments
213 E Broad StRichmond, VA 23219
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.
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$1,096 - $1,5841 to 2 Bedroom Apartments Available Now
Grace & Monroe Apartments
401 W Grace StRichmond, VA 23220
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$1,149 - $1,299Studio to 1 Bedroom Apartments Available Now
Revival Apartments
116 N 3rd StRichmond, VA 23219
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$1,1721 Bedroom Apartments Available Now
1 West Cary Apartments
1 W CaryRichmond, VA 23220
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.
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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
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Showing Results 1-20, Page 1 of 1
Monroe Ward, Richmond, VA Local Guide
Copyright CoStar Group, Inc
How much does it cost to rent an apartment in Monroe Ward?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Monroe Ward Studio Apartments | $1,174 | $900 | $1,431 |
| Monroe Ward 1 Bedroom Apartments | $1,412 | $1,030 | $2,300 |
| Monroe Ward 2 Bedroom Apartments | $1,841 | $995 | $2,800 |
| Monroe Ward 3 Bedroom Apartments | $1,674 | $1,250 | $3,200 |
| Monroe Ward 4 Bedroom Apartments | $1,200 | $1,150 | $1,265 |
Browse Apartments in this Neighborhood
There are currently 20 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 The Mezzo Lofts priced from $1,087. Towers on Franklin has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,092. Here are the most affordable Monroe Ward apartments for rent in Richmond, VA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Mezzo Lofts | Montage Gallery - Studios | Studio,1BA | $1,087 |
| Towers on Franklin | Cary | 1BR,1BA | $1,092 |
| Grace & Monroe Apartments | 1B | 1B - 461 | 1BR,1BA | $1,096 |
| 210 E Grace St | 1bed/1bath | 1BR,1BA | $1,100 |
| The Jackson on Broad | 0 Bedroom 1 Bath - 19029 | Studio,1BA | $1,135 |
Best Value Apartments for Rent in Monroe Ward, VA
As of November 08, 2025 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 |
| Mortons Apartments | 1BR/1.5BA | 1BR,1.5BA | $1.46 |
| Atrium on Broad Apartments | 2BR/2.0BA | 2BR,2BA | $1.76 |
| The Jackson on Broad | 2 Bedroom 2 Bath - 19044 | 2BR,2BA | $1.69 |
| 2 E Broad St | 1BR/1.0BA | 1BR,1BA | $1.60 |
| 1 West Cary Apartments | 1BR/1.0BA | 1BR,1BA | $1.61 |
| 210 E Grace St | 1bed/1bath | 1BR,1BA | $1.56 |
| Revival Apartments | 1 Bedroom 1 Bath | 1BR,1BA | $1.69 |
| 404 W Broad St, Unit 304 | 404 W Broad St | Studio ,1BA | $1.75 |
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 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 $1,210.
What is the price of a cheap apartment in Monroe Ward?
The cheapest apartment in Monroe Ward is Towers on Franklin which is listed at $1,092, while the average apartment in Monroe Ward costs $1,800.
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 105 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 $911 which is $889 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.
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.
Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
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.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.