100 W Marshall St
RichmondVA23220
Cheap Apartments for Rent in the Monroe Ward Neighborhood of Richmond, VA from $600 (17 Rentals)
Search the lowest-cost Apartments available for rent right now in the Monroe Ward area of Richmond.
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$995 - $1,569
Plus Fees
1 Bedroom Apartments Available NowMortons Apartments
213 E Broad StRichmond, VA 23219
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$1,035 - $2,199
Plus Fees12 Month Lease Term
Studio to 2 Bedroom Apartments Available NowTowers on Franklin
104 W Franklin StRichmond, VA 23220
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$1,061 - $2,875
Plus Fees
1 to 3 Bedroom Apartments Available NowThe Berkshire
300 W Franklin StRichmond, VA 23220
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$1,096 - $2,168
Plus Fees12 Month Lease Term
Studio to 3 Bedroom Apartments Available NowGrace & Monroe Apartments
401 W Grace StRichmond, VA 23220
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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$1,100 - $1,800
Plus Fees12 Month Lease Term
1 to 2 Bedroom Apartments Available Mar 15210 E Grace St
206-212 E Grace StRichmond, VA 23219
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Rent Specials
$1,149 - $3,001
Plus Fees
Studio to 3 Bedroom Apartments Available NowThe Mezzo Lofts
17 W Broad StRichmond, VA 23220
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$1,149 - $1,450
Plus Fees
1 Bedroom Apartments Available NowAtrium on Broad Apartments
115 E Broad StRichmond, VA 23219
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$1,164 - $1,575
Plus Fees12 Month Lease Term
Studio to 2 Bedroom Apartments Available NowMonroe Park Towers Apartments
520 W Franklin StRichmond, VA 23220
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Studio to 2 Bedroom Apartments
The Richmond Dairy Apartments
201 W Marshall StRichmond, 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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Studio to 2 Bedroom Apartments
Richmond Arts
115 N 1st StRichmond, VA 23219
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Studio to 1 Bedroom Apartments
Jernigin Hall
314 W Grace StRichmond, VA 23220
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Studio to 2 Bedroom Apartments
12 E Main St
12 E Main StRichmond, VA 23219
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1 Bedroom Apartments
501-503 E Main St
501-503 E Main StRichmond, VA 23219
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1 to 2 Bedroom Apartments
Linden Tower
116 E Franklin StRichmond, VA 23219
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.
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1 to 2 Bedroom Apartments
1 West Cary
106 S Foushee StRichmond, VA 23220
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Studio to 2 Bedroom Apartments
The Jackson on Broad
20-22 E Broad StRichmond, VA 23219
Showing Results 1-17, 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 | $1,136 | $1,035 | $1,376 |
| Monroe Ward 1 Bedroom Apartments | $1,426 | $995 | $2,300 |
| Monroe Ward 2 Bedroom Apartments | $1,815 | $1,394 | $2,875 |
| Monroe Ward 3 Bedroom Apartments | $1,528 | $1,250 | $3,104 |
| Monroe Ward 4 Bedroom Apartments | $1,200 | $1,150 | $1,265 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Apartments in this Neighborhood
There are currently 17 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 1 Bed unit found at Mortons Apartments priced from $995. Towers on Franklin has the second lowest priced unit, which is a Studio apartment currently listed from $1,035. Here are the most affordable Monroe Ward apartments for rent in Richmond, VA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Mortons Apartments | 1BR/1.0BA | 1BR,1BA | $995 |
| Towers on Franklin | Harrison | Studio,1BA | $1,035 |
| Grace & Monroe Apartments | Studio - 505 | Studio,1BA | $1,100 |
| The Jackson on Broad | 0 Bedroom 1 Bath - 30567 | Studio,1BA | $1,130 |
| Atrium on Broad Apartments | 1BR/1.0BA | 1BR,1BA | $1,149 |
Best Value Apartments for Rent in Monroe Ward, VA
As of March 11, 2026 the best value apartment in the Monroe Ward area is the $1.33 price per square foot Clay Model at The Berkshire in the in the Downtown Richmond neighborhood starting from $1,592. The second greatest value Monroe Ward apartment is the 2 Beds 1 Bath Model at 110 E Cary St starting at $1,500 with a $1.26 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 | Clay | 1BR,1BA | $1.33 |
| 110 E Cary St | 2 Beds 1 Bath | 2BR,1BA | $1.26 |
| 2 E Broad St | 2BR/2.0BA | 2BR,2BA | $1.59 |
| 209 E Main St | Unit 208A | 2BR,1BA | $1.36 |
| Mortons Apartments | 1BR/1.5BA | 1BR,1.5BA | $1.46 |
| The Mezzo Lofts | Motif Gallery - 2 Bedroom 1 Bath | 2BR,1BA | $1.86 |
| Revival | 1 Bedroom / 1 Bath - 464sqft | 1BR,1BA | $1.91 |
| Park Plaza @ Belvidere | 1BR/1.0BA | 1BR,1BA | $1.94 |
| Atrium on Broad Apartments | 1BR/1.0BA | 1BR,1BA | $1.91 |
| The Jackson on Broad | 0 Bedroom 1 Bath - 30567 | Studio ,1BA | $1.93 |
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 $1,280.
What is the price of a cheap apartment in Monroe Ward?
The cheapest apartment in Monroe Ward is Mortons Apartments which is listed at $995, while the average apartment in Monroe Ward costs $1,713.
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 71 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 $885 which is $828 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
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.
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.
Explore The River City Like a Local: The Insiders 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.
Articles, How-To's, and Tips
Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.
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Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.
A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.
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.