
Cheap Studio Apartments for Rent in the Monroe Ward Neighborhood of Richmond, VA from $1,035 (9 Rentals)


The Mezzo Lofts

Monroe Park Towers Apartments

Total Monthly Price
Deco at CNB
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Create a productive work-from-home apartment setup, even in a small space or studio. Discover layout ideas, desk solutions, and organization tips that actually work.

The Penny at Jackson Ward

The Richmond Dairy Apartments

Jernigin Hall

The Jackson on Broad
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

Landmark at Marshall Broad
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 | $1,174 | $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 |
Explore Richmond
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 $1,299.
What is the price of a cheap apartment in Monroe Ward?
The cheapest apartment in Monroe Ward is Towers on Franklin which is listed at $1,035, while the average apartment in Monroe Ward costs $1,682.
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 68 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 $988 which is $694 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

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.