Cheap Apartments for Rent in the Monroe Ward Neighborhood of Richmond, VA from $700 (42 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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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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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

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Richmond Arts
1 Bedroom Apartments

Richmond Arts

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

Jernigin Hall

314 W Grace StRichmond, VA 23220
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501-503 E Main St
1 Bedroom Apartments

501-503 E Main St

501-503 E Main StRichmond, VA 23219

Richmond’s Best Affordable Neighborhoods

Learn about Richmond and the best affordable places to live by our Local Expert Richard Corrigan

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Linden Tower
1 to 2 Bedroom Apartments

Linden Tower

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

1 West Cary

106 S Foushee StRichmond, VA 23220
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The Jewelry Building
1 to 2 Bedroom Apartments

The Jewelry Building

119-123 E Broad StRichmond, VA 23220
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Matrix Midtown
1 to 2 Bedroom Apartments

Matrix Midtown

119 N 1st StRichmond, VA 23219
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Hammond Lofts
1 Bedroom Apartments

Hammond Lofts

109 E Broad StRichmond, VA 23219
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12 E Main St
2 Bedroom Apartments

12 E Main St

12 E Main StRichmond, VA 23219

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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property at 123 E Broad St

123 E Broad St

RichmondVA23219
Showing Results 1-42, 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 Studio unit found at Towers on Franklin priced from $949. 210 E Grace St has the second lowest priced unit, which is a Studio apartment currently listed from $995. Here are the most affordable Monroe Ward apartments for rent in Richmond, VA:

Apartment ListingModel NameBed/BathPriced From
Towers on FranklinRodneyStudio,1BA$949
210 E Grace StStudioStudio,1BA$995
Attain ShockoeBellevue1BR,1BA$1,114
Parc View at CommonwealthD5 - Penthouse4BR,4BA$1,145
Revival Apartments1 Bedroom 1 Bath1BR,1BA$1,149
1 N 3rd StStudioStudio,1BA$1,200
The Mezzo LoftsMosaic Gallery - 1 Bedroom 1 Bath1BR,1BA$1,201
Monroe Park Towers Apartments0BR/1.0BAStudio,1BA$1,203
Landmark at Marshall BroadThe AdamsStudio,1BA$1,235
The BerkshireHenry1BR,1BA$1,250

Best Value Apartments for Rent in Monroe Ward, VA

As of June 17, 2025 the best value apartment in the Monroe Ward area is the $1.34 price per square foot 2BR/2.0BA Model at Park Plaza @ Belvidere in the in the Downtown Richmond neighborhood starting from $1,877. The second greatest value Monroe Ward apartment is the Two Bedroom Model at Atrium Lofts at Cold Storage starting at $1,681 with a $2.01 price per square foot in the East 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$1.34
Atrium Lofts at Cold StorageTwo Bedroom2BR,2BA$2.01
The BerkshireHenry1BR,1BA$1.51
416 W Broad St, Unit 2A416 W Broad St1BR,1BA$1.79
Hammond Lofts2021BR,1.5BA$2.01
Revival Apartments1 Bedroom 1 Bath1BR,1BA$1.69
209 E Main Stunit 212 2A1BR,1BA$1.92
The Mezzo LoftsMosaic Gallery - 1 Bedroom 1 Bath1BR,1BA$1.94
210 E Grace St1bed/1bath1BR,1BA$1.79
1 N 3rd StStudioStudio ,1BA$2.00

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 $1,250.

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

The cheapest apartment in Monroe Ward is District Square Apartments which is listed at $1,027, while the average apartment in Monroe Ward costs $2,026.

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 88 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 $723 which is $1,303 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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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.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.