Cheap Apartments for Rent in the Monument Avenue Park Neighborhood of Richmond, VA from $800 (33 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
Rent Specials
$1,104 - $2,881
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,092 - $2,869
Required Monthly Fees
$12

Total Monthly Price
$1,104 - $2,881
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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Iron House Apartments
Rent Specials
$1,229 - $1,925
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,124 - $1,820
Required Monthly Fees
Varies

Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Aug 7

Iron House Apartments

1309 W Broad StRichmond, VA 23220
Transit Friendly
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  • Customer Reviewed
  • 3D Tour
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Staples Mill Townhomes
$1,292 - $2,536
Total Monthly Price

Total Monthly Price

Base Rent
$1,292 - $2,536

Total Monthly Price
$1,292 - $2,536
1 to 3 Bedroom Apartments Available May 16

Staples Mill Townhomes

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

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

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Pierce Arrow
$1,370 - $1,485
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,355 - $1,470
Required Monthly Fees
$15

Total Monthly Price
$1,370 - $1,485
Studio to 1 Bedroom Apartments Available Now

Pierce Arrow

2621 Stuart AveRichmond, VA 23220
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  • Customer Reviewed
  • 3D Tour

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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The Carousel
Rent Specials
$1,442 - $2,813
Total Monthly Price

Total Monthly Price

Base Rent
$1,442 - $2,813

Total Monthly Price
$1,442 - $2,813
Studio to 2 Bedroom Apartments Available Now

The Carousel

2400 Grayland AveRichmond, VA 23220
Family Friendly
  • Verified
  • Customer Reviewed
  • Low Income
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Todd Lofts
$1,466 - $2,842
Total Monthly Price

Total Monthly Price

Base Rent
$1,466 - $2,842

Total Monthly Price
$1,466 - $2,842
Studio to 3 Bedroom Apartments Available Now

Todd Lofts

1128 Hermitage RdRichmond, VA 23220
Corporate Housing
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  • Customer Reviewed
  • Utilities Included
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The Cooperage
$1,498 - $3,061
Total Monthly Price

Total Monthly Price

Base Rent
$1,498 - $3,061

Total Monthly Price
$1,498 - $3,061
1 to 2 Bedroom Apartments Available Aug 6

The Cooperage

1650 Overbrook RdRichmond, VA 23220
Corporate Housing
  • Verified
  • Customer Reviewed
  • Utilities Included

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 Icon
Rent Specials
$1,518 - $3,962
Total Monthly Price

Total Monthly Price

Base Rent
$1,518 - $3,962

Total Monthly Price
$1,518 - $3,962
1 to 2 Bedroom Apartments Available Now

The Icon

1209 Mactavish AveRichmond, VA 23230
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  • Customer Reviewed
  • Utilities Included

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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Scott's View
$1,587 - $3,796
Total Monthly Price

Total Monthly Price

Base Rent
$1,587 - $3,796

Total Monthly Price
$1,587 - $3,796
1 to 2 Bedroom Apartments Available Now

Scott's View

3410 W Clay StRichmond, VA 23230
Corporate Housing
  • Verified
  • Customer Reviewed
  • Utilities Included

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. Eagle Mill Lofts has the second lowest priced unit, which is a 2 Beds apartment currently listed from $950. 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
Eagle Mill Lofts2bed 1bth2BR,1BA$950
Monroe Park Towers Apartments0BR/1.0BAStudio,1BA$1,164
Cookie Factory Lofts1 Bed/ 1 Bath1BR,1BA$1,250
Overlook at Brook Run I & IITwo Bedroom2BR,2BA$1,299
Southern Stove Lofts1bed 1bth1BR,1BA$1,300
Park West EndThe Maymont1BR,1BA$1,308
Cary Belvidere ApartmentsStudioStudio,1BA$1,335
Pierce ArrowStudioStudio,1BA$1,370
Crestwood at Libbie2X12BR,1BA$1,379

Best Value Apartments for Rent in Monument Avenue Park, VA

As of May 08, 2026 the best value apartment in the Monument Avenue Park area is the $1.30 price per square foot 2BR/2.0BA Model at Park Plaza @ Belvidere in the in the Downtown Richmond neighborhood starting from $1,813. The second greatest value Monument Avenue Park apartment is the 4418 Cutshaw Ave Model at 4418 Cutshaw Ave starting at $2,500 with a $2.08 price per square foot in the Bellevue 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 @ Belvidere2BR/2.0BA2BR,2BA$1.30
4418 Cutshaw Ave4418 Cutshaw Ave2BR,1BA$2.08
Overlook at Brook Run I & IITwo Bedroom2BR,2BA$1.30
The Collection of Historic RichmondB4 & B52BR,1BA$1.94
The Icon1 Bedroom Tower1BR,1BA$1.92
Scotts Edge1x11BR,1BA$1.88
LIV Lakeview2B/1.5BA Lake TH Ren2BR,1.5BA$2.13
Crestwood at Libbie2X12BR,1BA$2.10
Legacy at Imperial VillageOne Bedroom One Bath Standard1BR,1BA$1.94
Eagle Mill LoftsStudiosStudio ,1BA$2.04

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 $1,379.

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

The cheapest apartment in Monument Avenue Park is Eagle Mill Lofts which is listed at $950, while the average apartment in Monument Avenue Park costs $2,291.

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 129 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 $546 which is $1,745 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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Your Guide to Picking the Perfect Richmond Neighborhood for Student Renters

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This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

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This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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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.