Search the lowest-cost Apartments available for rent right now in the Monroe Ward area of Richmond.
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| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Monroe Ward Studio Apartments | $1,174 | $1,035 | $1,356 |
| Monroe Ward 1 Bedroom Apartments | $1,439 | $1,081 | $2,300 |
| Monroe Ward 2 Bedroom Apartments | $1,791 | $1,295 | $2,875 |
| Monroe Ward 3 Bedroom Apartments | $1,495 | $1,250 | $2,950 |
| Monroe Ward 4 Bedroom Apartments | $1,200 | $1,150 | $1,265 |
There are currently 51 rentals with your search options within a 2 mile radius of the Monroe Ward Neighborhood of Richmond, VA.
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Write a ReviewThe cheapest available apartment rental in the Monroe Ward area of Richmond, VA is a Studio unit found at Towers on Franklin priced from $1,035. The Mezzo Lofts has the second lowest priced unit, which is a Studio apartment currently listed from $1,096. Here are the most affordable Monroe Ward apartments for rent in Richmond, VA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Towers on Franklin | Harrison | Studio,1BA | $1,035 |
| The Mezzo Lofts | Montage Gallery - Studios | Studio,1BA | $1,096 |
| Mortons Apartments | 1BR/1.0BA | 1BR,1BA | $1,119 |
| The Jackson on Broad | 0 Bedroom 1 Bath - 30567 | Studio,1BA | $1,130 |
| Atrium on Broad Apartments | 1BR/1.0BA | 1BR,1BA | $1,149 |
| Landmark at Marshall Broad | The Franklin | Studio,1BA | $1,152 |
| Revival | 1 Bedroom / 1 Bath - 464sqft | 1BR,1BA | $1,205 |
| Parc View at Commonwealth | D5 - Penthouse | 4BR,4BA | $1,210 |
| Monroe Park Towers Apartments | 1BR/1.0BA | 1BR,1BA | $1,249 |
| Hammond Lofts | 102 | 1BR,1BA | $1,299 |
As of April 25, 2026 the best value apartment in the Monroe Ward area is the $1.44 price per square foot Downtown Double Suite Model at The Berkshire in the in the Downtown Richmond neighborhood starting from $2,680. 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 | Downtown Double Suite | 2BR,2BA | $1.44 |
| 110 E Cary St | 2 Beds 1 Bath | 2BR,1BA | $1.26 |
| 209 E Main St | Unit 208A | 2BR,1BA | $1.36 |
| 210 E Grace St | 2 Bed/2 Bath | 2BR,2BA | $1.35 |
| 1 West Cary Apartments | 2BR/1.0BA | 2BR,1BA | $1.72 |
| Hammond Lofts | 102 | 1BR,1BA | $1.81 |
| Revival | 1 Bedroom / 1 Bath - 464sqft | 1BR,1BA | $1.77 |
| Atrium on Broad Apartments | 1BR/1.0BA | 1BR,1BA | $1.91 |
| Mortons Apartments | 1BR/1.0BA | 1BR,1BA | $1.89 |
| The Jackson on Broad | 0 Bedroom 1 Bath - 30567 | Studio ,1BA | $1.93 |
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Monroe Ward is under $1,299.
The cheapest apartment in Monroe Ward is Mortons Apartments which is listed at $1,119, while the average apartment in Monroe Ward costs $1,682.
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 68 regular apartments in Monroe Ward that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
Cheap apartments in Monroe Ward have an average cost of $988 which is $694 cheaper than the average rent for all rentals in Monroe Ward.
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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