
Cheap Apartments for Rent in the Monument Avenue Park Neighborhood of Richmond, VA from $800 (31 Rentals)
Search the lowest-cost Apartments available for rent right now in the Monument Avenue Park area of Richmond.


Eagle Mill Lofts

Cookie Factory Lofts

Total Monthly Price
Iron House Apartments

Southern Stove Lofts

Total Monthly Price
T and E Apartments

Overlook at Brook Run I & II
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
Coliseum Lofts

Park West End

Crestwood at Libbie

Cary Belvidere Apartments

Tapestry West

The Collection of Historic Richmond

Scotts Edge
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
Todd Lofts

1322 W Broad St

The Scout Scotts Addition

Monroe Park Towers Apartments

Total Monthly Price
The Carousel

Soda Flats

1 Scott's Addition
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
The Gallery Midtown Apartments

Total Monthly Price
The Cooperage

LIV Lakeview

The Summit at Scotts Addition

Total Monthly Price
The Nest Scott's Addition

NOVEL Scott's Addition by Crescent Communities

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

The Ace

Total Monthly Price
Scott's View

The Alder on Dabney
Monument Avenue Park, Richmond, VA Local Guide

How much does it cost to rent an apartment in Monument Avenue Park?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Monument Avenue Park Studio Apartments | $1,724 | $835 | $7,010 |
| Monument Avenue Park 1 Bedroom Apartments | $1,903 | $1,085 | $8,686 |
| Monument Avenue Park 2 Bedroom Apartments | $2,574 | $1,125 | $10,000+ |
| Monument Avenue Park 3 Bedroom Apartments | $2,607 | $1,459 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 31 rentals with your search options within a 2 mile radius of the Monument Avenue Park Neighborhood of Richmond, VA.
See all Apartments in RichmondExplore Richmond
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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Legacy at Imperial Village | Studio | Studio,1BA | $835 |
| Cookie Factory Lofts | Studio | Studio,1BA | $1,199 |
| Iron House Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $1,235 |
| Southern Stove Lofts | studio | Studio,1BA | $1,250 |
| Eagle Mill Lofts | 2bed 2bth | 2BR,2BA | $1,250 |
| Overlook at Brook Run I & II | Two Bedroom | 2BR,2BA | $1,299 |
| Coliseum Lofts | A4 | 1BR,1BA | $1,299 |
| Park West End | The Maymont | 1BR,1BA | $1,302 |
| Crestwood at Libbie | 2X1 | 2BR,1BA | $1,329 |
| Cary Belvidere Apartments | Studio | Studio,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Westbrook Townhomes at Brewers Row | The Ownby | 3BR,2.5BA | $1.67 |
| Park Plaza @ Belvidere | 2BR/2.0BA | 2BR,2BA | $1.44 |
| 4418 Cutshaw Ave, Unit 2 | 4418 Cutshaw Ave | 2BR,1BA | $1.96 |
| Coliseum Lofts | C | 3BR,3BA | $2.03 |
| Overlook at Brook Run I & II | Two Bedroom | 2BR,2BA | $1.30 |
| Cookie Factory Lofts | 1 Bed/ 1.5 Bath | 1BR,1.5BA | $1.73 |
| SYMBOL Scotts Addition | The Signature | 1BR,1.5BA | $2.07 |
| Scotts Edge | 1x1 | 1BR,1BA | $1.81 |
| Crestwood at Libbie | 2X1 | 2BR,1BA | $2.02 |
| Legacy at Imperial Village | One Bedroom One Bath Standard | 1BR,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.
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.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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.