Cheap Apartments for Rent in the Monument Avenue Park Neighborhood of Richmond, VA from $900 (43 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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When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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The Art of the Rental Viewing: What to look for during a property tour

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Showing Results 1-43, Page 1 of 1

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 $935. 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$935
The Foundry ApartmentsOne Bedroom1BR,1BA$1,013
Legacy ApartmentsOne Bedroom, One Bath1BR,1BA$1,085
T and E Apartments0 Bed 1 BathStudio,1BA$1,130
Coliseum LoftsA11BR,1BA$1,218
Cookie Factory LoftsStudioStudio,1BA$1,300
Staples Mill TownhomesThe Jamestown2BR,1BA$1,324
The CarouselJumperStudio,1BA$1,358
Todd LoftsOne Bedroom1BR,1BA$1,376
The Scout Scotts AdditionThe Baker1BR,1BA$1,380

Best Value Apartments for Rent in Monument Avenue Park, VA

As of July 29, 2025 the best value apartment in the Monument Avenue Park area is the $1.58 price per square foot The Overbrook Model at The Westbrook Townhomes at Brewers Row in the in the Bellevue neighborhood starting from $4,347. 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.
The Westbrook Townhomes at Brewers RowThe Overbrook3BR,2.5BA$1.58
The Abby on Stuart# 172BR,2.5BA$2.04
Park Plaza @ Belvidere2BR/2.0BA2BR,2BA$1.45
Iron House Apartments3 Bedroom 2 Bath3BR,2BA$1.32
Malvern Manor ApartmentsUnrenovated Grove2BR,1BA$1.95
1510 BellevilleW41BR,1BA$2.04
Staples Mill TownhomesThe Yarmouth1BR,1BA$1.76
Legacy ApartmentsOne Bedroom, One Bath - Patio1BR,1BA$1.73
The Foundry ApartmentsOne Bedroom1BR,1BA$1.61
Imperial Living Propco LLCOne Bedroom One Bath Standard1BR,1BA$1.94

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Monument Avenue Park, Richmond, VA

Ranked #67

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 $1,380.

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 $5,981.

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 72 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 $250 which is $5,731 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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.