Cheap Apartments for Rent in the Monument Avenue Park Neighborhood of Richmond, VA from $800 (31 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Monument Avenue Park area of Richmond.

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Monument Avenue Park, Richmond, VA Local Guide

Cheapest Available Monument Avenue Park Apartments for Rent

 

The cheapest available apartment rental in the Monument Avenue Park area of Richmond, VA is a Studio unit found at Imperial Living Propco LLC priced from $835. The Foundry Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,013. Here are the most affordable Monument Avenue Park apartments for rent in Richmond, VA:

Apartment ListingModel NameBed/BathPriced From
Imperial Living Propco LLCStudioStudio,1BA$835
The Foundry ApartmentsOne Bedroom1BR,1BA$1,013
Legacy ApartmentsOne Bedroom, One Bath1BR,1BA$1,085
Staples Mill TownhomesThe Jamestown2BR,1BA$1,229
1322 W Broad St1 Bedroom 1 Bath - 190941BR,1BA$1,290
The SquareA11BR,1BA$1,380
Park West EndThe Valentine1BR,1BA$1,383
1 Scott's AdditionNorfolk One Bed1BR,1BA$1,396
Monroe Park Towers Apartments1BR/1.0BA1BR,1BA$1,436
Todd LoftsOne Bedroom1BR,1BA$1,482

Best Value Apartments for Rent in Monument Avenue Park, VA

As of September 19, 2025 the best value apartment in the Monument Avenue Park area is the $1.72 price per square foot The Ownby Model at The Westbrook Townhomes at Brewers Row in the in the Bellevue neighborhood starting from $2,999. The second greatest value Monument Avenue Park apartment is the D1 Model at Jordans Branch Apartments starting at $2,895 with a $1.89 price per square foot in the Far West neighborhood. Here is today’s list of the best values for Monument Avenue Park apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Westbrook Townhomes at Brewers RowThe Ownby3BR,2.5BA$1.72
Jordans Branch ApartmentsD13BR,2.5BA$1.89
Park Plaza @ Belvidere2BR/2.0BA2BR,2BA$1.67
Iron House Apartments2 Bedroom 2 Bath with Office2BR,2BA$1.46
Cary Belvidere ApartmentsTwo Beds2BR,2BA$1.48
Staples Mill TownhomesThe Woodhaven3BR,1BA$1.91
The Gallery Midtown ApartmentsClassic Grove1BR,1BA$1.90
Legacy ApartmentsOne Bedroom, One Bath - Patio1BR,1BA$1.73
1322 W Broad St1 Bedroom 1 Bath - 190941BR,1BA$1.89
The Foundry ApartmentsOne Bedroom1BR,1BA$1.61

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Monument Avenue Park, Richmond, VA

Ranked #70

Among cities in Virginia for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Getting Around the Monument Avenue Park Neighborhood in Richmond, VA

Walk Score®

72 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

53 / 100

Bikeable

Some bike infrastructure

Transit Score®

37 / 100

Some Transit

A few nearby public transportation options

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Monument Avenue Park Apartments

What is a cheap apartment in Monument Avenue Park?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Monument Avenue Park is under $1,482.

What is the price of a cheap apartment in Monument Avenue Park?

The cheapest apartment in Monument Avenue Park is The Foundry Apartments which is listed at $1,013, while the average apartment in Monument Avenue Park costs $5,656.

What types of apartments are the cheapest in Monument Avenue Park?

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 123 regular apartments in Monument Avenue Park 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 Monument Avenue Park?

Cheap apartments in Monument Avenue Park have an average cost of $282 which is $5,374 cheaper than the average rent for all rentals in Monument Avenue Park.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.