Cheap Apartments for Rent in the Monument Avenue Park Neighborhood of Richmond, VA from $900 (42 Rentals)

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

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

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

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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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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Showing Results 1-42, 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
Staples Mill TownhomesThe Jamestown2BR,1BA$1,138
Coliseum LoftsE2.1Studio,1BA$1,190
Park West EndThe Valentine1BR,1BA$1,322
Crestwood at Libbie2X12BR,1BA$1,329
Cary Belvidere ApartmentsStudioStudio,1BA$1,335
Todd LoftsOne Bedroom1BR,1BA$1,342
The Collection of Historic RichmondA3, A4 & A51BR,1BA$1,350

Best Value Apartments for Rent in Monument Avenue Park, VA

As of November 12, 2025 the best value apartment in the Monument Avenue Park area is the $1.28 price per square foot The Overbrook Model at The Westbrook Townhomes at Brewers Row in the in the Bellevue neighborhood starting from $3,519. 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 Overbrook3BR,2.5BA$1.28
Jordans Branch ApartmentsD13BR,2.5BA$1.89
Park Plaza @ Belvidere2BR/2.0BA2BR,2BA$1.65
1322 W Broad St2 Bedroom 2 Bath - 190982BR,2BA$1.55
Overlook at Brook Run I & IITwo Bedroom2BR,2BA$1.40
Staples Mill TownhomesThe Woodhaven3BR,1BA$1.83
Legacy ApartmentsOne Bedroom, One Bath - Patio1BR,1BA$1.73
Crestwood at Libbie2X12BR,1BA$2.02
The Foundry ApartmentsOne Bedroom1BR,1BA$1.61
Imperial Living Propco LLCOne Bedroom One Bath Standard1BR,1BA$1.94

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

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Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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The Ultimate Renter's Guide for Finding the Perfect Student Friendly Richmond Neighborhood to Rent

Learn about the best neighborhoods for student renters near Richmond Colleges and Universities by our Local Expert Richard Corrigan

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Quick Rent Budget Calculator

How much rent can you afford?

The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.

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Pet Friendly Lifestyle
Monument Avenue Park, Richmond, VA

Ranked #71

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 $1,350.

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 $5,934.

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 192 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 $437 which is $5,497 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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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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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.