
Cheap Apartments for Rent in the Monroe Ward Neighborhood of Richmond, VA from $700 (49 Rentals)
Search the lowest-cost Apartments available for rent right now in the Monroe Ward area of Richmond.


The Berkshire

Total Monthly Price
209 E Main St

Total Monthly Price
Towers on Franklin

District Square Apartments

The Corner Lofts

311 W Franklin St, Unit 1105

400 W Grace St, Unit 3

421 W Grace St
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.

Total Monthly Price
311 W. Franklin

Mortons Apartments

Total Monthly Price
Deco at CNB

311 W Franklin St, Unit 911

Atrium on Broad Apartments

1 West Cary Apartments

308 W Broad St

Monroe Park Towers Apartments

The Penny at Jackson Ward
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.

Total Monthly Price
The Loop at Midtown

210 E Grace St

Total Monthly Price
One Canal Apartments

7 East Franklin

505 W Grace St, Unit A

Total Monthly Price
1 N 3rd St

Grace & Monroe Apartments

Total Monthly Price
11 S 2nd St

215 E Grace St
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.

Total Monthly Price
Harper's Flats

9a S Adams St

7 S Adams St

11 E Broad St

Richmond Arts

Jernigin Hall

The Richmond Dairy Apartments

501-503 E Main St

Linden Tower
Richmond’s Best Affordable Neighborhoods
Learn about Richmond and the best affordable places to live by our Local Expert Richard Corrigan

1 West Cary

The Jackson on Broad

Revival

Landmark at Marshall Broad

405 N Madison St

Hammond Lofts

2 E Broad St

12 E Main St

The Jewelry Building
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.

Logan House Apartments

The Simon Cycle Building

110 E Cary St

Matrix Midtown
Monroe Ward, Richmond, VA Local Guide

How much does it cost to rent an apartment in Monroe Ward?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Monroe Ward Studio Apartments | $1,220 | $1,054 | $1,390 |
| Monroe Ward 1 Bedroom Apartments | $1,451 | $1,081 | $2,300 |
| Monroe Ward 2 Bedroom Apartments | $1,900 | $1,195 | $2,566 |
| Monroe Ward 3 Bedroom Apartments | $1,507 | $1,250 | $2,700 |
| Monroe Ward 4 Bedroom Apartments | $1,188 | $1,150 | $1,260 |
Browse Apartments in this Neighborhood
There are currently 49 rentals with your search options within a 2 mile radius of the Monroe Ward Neighborhood of Richmond, VA.
See all Apartments in RichmondExplore Richmond
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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 11 E Broad St | 1 Beds, 1 Baths | 1BR,1BA | $749 |
| 209 E Main St | Unit 4,6,8 | 1BR,1BA | $1,100 |
| District Square Apartments | Studio-426 | Studio,1BA | $1,136 |
| The Corner Lofts | 0 Bedroom 1 Bath - 21710 | Studio,1BA | $1,150 |
| The Mezzo Lofts | Mosaic Gallery - 1 Bedroom 1 Bath | 1BR,1BA | $1,195 |
| 311 W. Franklin | Harrison | Studio,1BA | $1,195 |
| Mortons Apartments | 1BR/1.0BA | 1BR,1BA | $1,199 |
| Revival | 1 Bedroom / 1 Bath - 464sqft | 1BR,1BA | $1,225 |
| Atrium on Broad Apartments | 1BR/1.0BA | 1BR,1BA | $1,299 |
| 12 E Main St | 2BR/1.0BA | 2BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Broad St W 200 | Broad St W 200 - 202 | 3BR,2BA | $1.39 |
| Park Plaza @ Belvidere | 2BR/2.0BA | 2BR,2BA | $1.44 |
| 16 W Broad St, Unit Apartment 1 | 16 W Broad St | 3BR,2BA | $1.36 |
| The Loop at Midtown | 2X2 C | 2BR,2BA | $2.00 |
| 11 E Broad St | 1 Beds, 1 Baths | 1BR,1BA | $2.00 |
| 121 W Broad St | 2 Bedroom 2 Bath - 60614 | 2BR,2BA | $1.95 |
| Mortons Apartments | 1BR/1.0BA | 1BR,1BA | $1.32 |
| Revival | 1 Bedroom / 1 Bath - 464sqft | 1BR,1BA | $1.80 |
| The Corner Lofts | 1 Bedroom 1 Bath - 19089 | 1BR,1BA | $1.97 |
| The Mezzo Lofts | Mosaic Gallery - 1 Bedroom 1 Bath | 1BR,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.
Helpful Local Expert Guides

Your Richmond Neighborhood Guide: Living Near the City's Top Employers
Written by: Richard Corrigan
Richmond is a beautiful place to live and work. The city has something for everyone—historic charm, trendy shops and boutiques, world-class restaurants and amazing urban parks and green spaces.

Explore The River City Like a Local: The Insider's 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.

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.

A Local Expert's 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.
Articles, How-To's, and Tips

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.