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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Iron House Apartments
Rent Specials
$1,235 - $2,515
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,130 - $2,410
Required Monthly Fees
Varies

Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Now

Iron House Apartments

1309 W Broad StRichmond, VA 23220
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T and E Apartments
Rent Specials
$1,295 - $1,995
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,295 - $1,995

Total Monthly Price
$1,295 - $1,995
1 to 3 Bedroom Apartments Contact Us For Availability

T and E Apartments

1011 W Marshall StRichmond, VA 23220
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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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Coliseum Lofts
$1,299 - $2,299
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,299 - $2,299

Total Monthly Price
$1,299 - $2,299
1 to 3 Bedroom Apartments Available Now

Coliseum Lofts

1335-1387 W Broad StRichmond, VA 23220
Student Housing
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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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Todd Lofts
$1,379 - $2,697
Total Monthly Price

Total Monthly Price

Base Rent
$1,379 - $2,697

Total Monthly Price
$1,379 - $2,697
Studio to 3 Bedroom Apartments Available Now

Todd Lofts

1128 Hermitage RdRichmond, VA 23220
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The Carousel
Rent Specials
$1,442 - $2,676
Total Monthly Price

Total Monthly Price

Base Rent
$1,442 - $2,676

Total Monthly Price
$1,442 - $2,676
Studio to 2 Bedroom Apartments Available Now

The Carousel

2400 Grayland AveRichmond, VA 23220
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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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The Cooperage
$1,488 - $3,836
Total Monthly Price

Total Monthly Price

Base Rent
$1,488 - $3,836

Total Monthly Price
$1,488 - $3,836
1 to 2 Bedroom Apartments Available Now

The Cooperage

1650 Overbrook RdRichmond, VA 23220
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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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Scott's View
$1,565 - $3,786
Total Monthly Price

Total Monthly Price

Base Rent
$1,565 - $3,786

Total Monthly Price
$1,565 - $3,786
1 to 2 Bedroom Apartments Available Now

Scott's View

3410 W Clay StRichmond, VA 23230
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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. Cookie Factory Lofts has the second lowest priced unit, which is a Studio apartment currently listed from $1,199. 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
Cookie Factory LoftsStudioStudio,1BA$1,199
Iron House Apartments1 Bedroom 1 Bathroom1BR,1BA$1,235
Southern Stove LoftsstudioStudio,1BA$1,250
Eagle Mill Lofts2bed 2bth2BR,2BA$1,250
Overlook at Brook Run I & IITwo Bedroom2BR,2BA$1,299
Coliseum LoftsA41BR,1BA$1,299
Park West EndThe Maymont1BR,1BA$1,302
Crestwood at Libbie2X12BR,1BA$1,329
Cary Belvidere ApartmentsStudioStudio,1BA$1,335

Best Value Apartments for Rent in Monument Avenue Park, VA

As of August 07, 2026 the best value apartment in the Monument Avenue Park area is the $1.67 price per square foot The Ownby Model at The Westbrook Townhomes at Brewers Row in the in the Bellevue neighborhood starting from $2,922. The second greatest value Monument Avenue Park 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 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$1.67
Park Plaza @ Belvidere2BR/2.0BA2BR,2BA$1.44
4418 Cutshaw Ave, Unit 24418 Cutshaw Ave2BR,1BA$1.96
Coliseum LoftsC3BR,3BA$2.03
Overlook at Brook Run I & IITwo Bedroom2BR,2BA$1.30
Cookie Factory Lofts1 Bed/ 1.5 Bath1BR,1.5BA$1.73
SYMBOL Scotts AdditionThe Signature1BR,1.5BA$2.07
Scotts Edge1x11BR,1BA$1.81
Crestwood at Libbie2X12BR,1BA$2.02
Legacy at Imperial VillageOne Bedroom One Bath Standard1BR,1BA$1.94

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 $1,335.

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 $1,929.

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 80 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 $338 which is $1,591 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.

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