Cheap Apartments for Rent in the Monroe Ward Neighborhood of Richmond, VA from $700 (49 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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209 E Main St
$1,100 - $1,700
Total Monthly Price

Total Monthly Price

Base Rent
$1,100 - $1,700

Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

209 E Main St

209 E Main StRichmond, VA 23219
Affordability
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Towers on Franklin
$1,135 - $2,139
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$990 - $1,994
Required Monthly Fees
$145

Total Monthly Price
$1,135 - $2,139
Studio to 2 Bedroom Apartments Contact Us For Availability

Towers on Franklin

104 W Franklin StRichmond, VA 23220
Student Housing
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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.

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311 W. Franklin
Rent Specials
$1,195 - $1,495
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,195 - $1,495

Total Monthly Price
$1,195 - $1,495
Studio to 1 Bedroom Apartments Available Now

311 W. Franklin

311 W Franklin StRichmond, VA 23220
Student Housing
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  • Utilities Included
  • Smoke Free
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Deco at CNB
$1,269 - $2,104
Total Monthly Price

Total Monthly Price

Base Rent
$1,263 - $2,098
Required Monthly Fees
Varies

Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

Deco at CNB

219 E Broad StRichmond, VA 23219
Student Housing
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property at 308 W Broad St

$1,350

Total Monthly Price

Total Monthly Price

Base Rent
$1,350

Total Monthly Price
$1,350

1 Bedroom, 1 Bath Home for Rent

Available Now

308 W Broad St

RichmondVA23220

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.

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The Loop at Midtown
$1,420 - $2,320
Total Monthly Price

Total Monthly Price

Base Rent
$1,350 - $2,250
Required Monthly Fees
$70

Total Monthly Price
$1,420 - $2,320
1 to 3 Bedroom Apartments Available Now

The Loop at Midtown

2 W Franklin StRichmond, VA 23220
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One Canal Apartments
$1,466 - $2,381
Total Monthly Price

Total Monthly Price

Base Rent
$1,460 - $2,375
Required Monthly Fees
Varies

Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

One Canal Apartments

108 S 1st StRichmond, VA 23219
Student Housing
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11 S 2nd St
$1,650 - $1,800
Total Monthly Price3 Month Lease Term

Total Monthly Price

Base Rent
$1,650 - $1,800

Total Monthly Price
$1,650 - $1,800
1 Bedroom Apartment Available Now

11 S 2nd St

11 S 2nd StRichmond, VA 23219
Furnished
  • Smoke Free
property at 215 E Grace St

$1,675

Total Monthly Price

Total Monthly Price

Base Rent
$1,675

Total Monthly Price
$1,675

2 Bedroom, 2 Bath Home for Rent

Available Aug 9

215 E Grace St

RichmondVA23219

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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Harper's Flats
Rent Specials
$1,692 - $2,203
Total Monthly Price

Total Monthly Price

Base Rent
$1,686 - $2,197
Required Monthly Fees
Varies

Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

Harper's Flats

200 E Broad StRichmond, VA 23219
Luxury
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11 E Broad St
1 Bedroom Apartments

11 E Broad St

11 E Broad StRichmond, VA 23219
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Richmond Arts
Studio to 2 Bedroom Apartments

Richmond Arts

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

Jernigin Hall

314 W Grace StRichmond, VA 23220
Student Housing
  • Utilities Included
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501-503 E Main St
1 Bedroom Apartments

501-503 E Main St

501-503 E Main StRichmond, VA 23219
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Linden Tower
1 to 2 Bedroom Apartments

Linden Tower

116 E Franklin StRichmond, VA 23219
  • Utilities Included

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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1 West Cary
1 to 2 Bedroom Apartments

1 West Cary

106 S Foushee StRichmond, VA 23220
  • Utilities Included
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The Jackson on Broad
Studio to 2 Bedroom Apartments

The Jackson on Broad

20-22 E Broad StRichmond, VA 23219
  • Utilities Included
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Revival
Studio to 1 Bedroom Apartments

Revival

116 N 3rd StRichmond, VA 23219
property at 405 N Madison St

$1,295

Total Monthly Price

Total Monthly Price

Base Rent
$1,295

Total Monthly Price
$1,295

2 Bedroom, 1 Bath Home for Rent

Available Now

405 N Madison St

RichmondVA23220
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Hammond Lofts
1 to 3 Bedroom Apartments

Hammond Lofts

109 E Broad StRichmond, VA 23219
  • Utilities Included
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2 E Broad St
1 to 2 Bedroom Apartments

2 E Broad St

2 E Broad StRichmond, VA 23219
  • Utilities Included
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12 E Main St
Studio to 2 Bedroom Apartments

12 E Main St

12 E Main StRichmond, VA 23219
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The Jewelry Building
1 to 2 Bedroom Apartments

The Jewelry Building

119-123 E Broad StRichmond, VA 23220
  • Utilities Included

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.

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110 E Cary St
2 Bedroom Apartments

110 E Cary St

110 E Cary StRichmond, VA 23219
  • Utilities Included
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Matrix Midtown
1 to 3 Bedroom Apartments

Matrix Midtown

119 N 1st StRichmond, VA 23219
  • Utilities Included

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. 209 E Main St has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,100. Here are the most affordable Monroe Ward apartments for rent in Richmond, VA:

Apartment ListingModel NameBed/BathPriced From
11 E Broad St1 Beds, 1 Baths1BR,1BA$749
209 E Main StUnit 4,6,81BR,1BA$1,100
District Square ApartmentsStudio-426Studio,1BA$1,136
The Corner Lofts0 Bedroom 1 Bath - 21710Studio,1BA$1,150
The Mezzo LoftsMosaic Gallery - 1 Bedroom 1 Bath1BR,1BA$1,195
311 W. FranklinHarrisonStudio,1BA$1,195
Mortons Apartments1BR/1.0BA1BR,1BA$1,199
Revival1 Bedroom / 1 Bath - 464sqft1BR,1BA$1,225
Atrium on Broad Apartments1BR/1.0BA1BR,1BA$1,299
12 E Main St2BR/1.0BA2BR,1BA$1,350

Best Value Apartments for Rent in Monroe Ward, VA

As of July 25, 2026 the best value apartment in the Monroe Ward area is the $1.39 price per square foot Broad St W 200 - 202 Model at Broad St W 200 in the in the Downtown Richmond neighborhood starting from $2,300. The second greatest value Monroe Ward apartment is the 2BR/2.0BA Model at Park Plaza @ Belvidere starting at $2,014 with a $1.44 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Broad St W 200Broad St W 200 - 2023BR,2BA$1.39
Park Plaza @ Belvidere2BR/2.0BA2BR,2BA$1.44
16 W Broad St, Unit Apartment 116 W Broad St3BR,2BA$1.36
The Loop at Midtown2X2 C2BR,2BA$2.00
11 E Broad St1 Beds, 1 Baths1BR,1BA$2.00
121 W Broad St2 Bedroom 2 Bath - 606142BR,2BA$1.95
Mortons Apartments1BR/1.0BA1BR,1BA$1.32
Revival1 Bedroom / 1 Bath - 464sqft1BR,1BA$1.80
The Corner Lofts1 Bedroom 1 Bath - 190891BR,1BA$1.97
The Mezzo LoftsMosaic Gallery - 1 Bedroom 1 Bath1BR,1BA$1.88

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 $1,350.

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 $1,794.

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 14 regular apartments in Monroe Ward that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

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.

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