Cheap Apartments for Rent in the Monument Avenue Park Neighborhood of Richmond, VA from $600 (22 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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Coliseum Lofts
$1,082 - $2,825
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,070 - $2,813
Required Monthly Fees
$12

Total Monthly Price
$1,082 - $2,825
Studio to 3 Bedroom Apartments Available Now

Coliseum Lofts

1335-1387 W Broad StRichmond, VA 23220
Student Housing
  • Verified
  • Customer Reviewed
  • Utilities Included

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Staples Mill Townhomes
Rent Specials
$1,200 - $2,067
Total Monthly Price

Total Monthly Price

Base Rent
$1,200 - $2,067

Total Monthly Price
$1,200 - $2,067
1 to 3 Bedroom Apartments Available Now

Staples Mill Townhomes

4100-A Townhouse RdRichmond, VA 23228
Corporate Housing
  • Verified
  • Customer Reviewed
  • 3D Tour

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The Cooperage
$1,426 - $2,695
Total Monthly Price

Total Monthly Price

Base Rent
$1,426 - $2,695

Total Monthly Price
$1,426 - $2,695
1 to 2 Bedroom Apartments Available Now

The Cooperage

1650 Overbrook RdRichmond, VA 23220
Corporate Housing
  • Verified
  • Customer Reviewed
  • Utilities Included
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The Carousel
Rent Specials
$1,442 - $2,788
Total Monthly Price

Total Monthly Price

Base Rent
$1,442 - $2,788

Total Monthly Price
$1,442 - $2,788
Studio to 2 Bedroom Apartments Available Now

The Carousel

2400 Grayland AveRichmond, VA 23220
Affordability
  • Verified
  • Customer Reviewed
  • Low Income

Explore The River City Like a Local: The Insider's Guide to Renting in Richmond, VA

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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 Legacy at Imperial Village priced from $835. Southern Stove Lofts has the second lowest priced unit, which is a Studio apartment currently listed from $1,050. Here are the most affordable Monument Avenue Park apartments for rent in Richmond, VA:

Apartment ListingModel NameBed/BathPriced From
Legacy at Imperial VillageStudioStudio,1BA$835
Southern Stove LoftsstudioStudio,1BA$1,050
The Collection of Historic RichmondA3, A4 & A51BR,1BA$1,199
Staples Mill TownhomesThe Yarmouth1BR,1BA$1,200
Park West EndThe Maymont1BR,1BA$1,232

Best Value Apartments for Rent in Monument Avenue Park, VA

As of February 24, 2026 the best value apartment in the Monument Avenue Park area is the $1.41 price per square foot 3BR/3.0BA Model at Park Plaza @ Belvidere in the in the Downtown Richmond neighborhood starting from $2,905. The second greatest value Monument Avenue Park apartment is the # 17 Model at The Abby on Stuart starting at $3,995 with a $2.04 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.
Park Plaza @ Belvidere3BR/3.0BA3BR,3BA$1.41
The Abby on Stuart# 172BR,2.5BA$2.04
Jordans Branch ApartmentsD13BR,2.5BA$1.96
1322 W Broad St2 Bedroom 2 Bath - 367362BR,2BA$1.50
Overlook at Brook Run I & IITwo Bedroom2BR,2BA$1.40
Staples Mill TownhomesThe Woodhaven3BR,1BA$1.78
The Icon1 Bedroom Tower1BR,1BA$2.00
Soda FlatsOne Bedroom1BR,1BA$2.06
Legacy at Imperial VillageOne Bedroom One Bath Standard1BR,1BA$1.94
Southern Stove LoftsstudioStudio ,1BA$1.91

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 $1,394.

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

The cheapest apartment in Monument Avenue Park is Legacy at Imperial Village which is listed at $1,085, while the average apartment in Monument Avenue Park costs $4,900.

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 107 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 $336 which is $4,564 cheaper than the average rent for all rentals in Monument Avenue Park.

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

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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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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.

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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

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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.

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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.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.