Cheap Apartments for Rent in the Monument Avenue Neighborhood of Richmond, VA from $800 (68 Rentals)

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

property at 1144 W Grace St

$1,195 - $1,695

1 Bedroom Rentals

Available Now

1144 W Grace St

RichmondVA23220

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

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property at 3600 W Broad St

$1,550 - $2,225

1 To 2 Bedroom Rentals

Available Now

3600 W Broad St

RichmondVA23230
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2700 Idlewood Ave
Studio to 1 Bedroom Apartments

2700 Idlewood Ave

2700 Idlewood AveRichmond, VA 23220
Senior Living
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Virginia Apartments
1 to 2 Bedroom Apartments

Virginia Apartments

2602-2608 Kensington AveRichmond, VA 23220
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3329 Cutshaw Ave
1 to 2 Bedroom Apartments

3329 Cutshaw Ave

3329 Cutshaw AveRichmond, VA 23230
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Cornish Brewery Apartments
Studio to 2 Bedroom Apartments

Cornish Brewery Apartments

1201 W Clay StRichmond, VA 23220
Student Housing
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Eagle Mill Towers
Studio to 3 Bedroom Apartments

Eagle Mill Towers

1414 W Marshall StRichmond, VA 23220
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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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The Stables
1 to 2 Bedroom Apartments

The Stables

410 Hancock StRichmond, VA 23220
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Pine Court I
Studio to 2 Bedroom Apartments

Pine Court I

707 W Cary StRichmond, VA 23220
Student Housing
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Eagle Mill Apartments
1 to 2 Bedroom Apartments

Eagle Mill Apartments

1400 W Marshall StRichmond, VA 23220
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Pine Court II
Studio to 3 Bedroom Apartments

Pine Court II

611 W Cary StRichmond, VA 23220
Student Housing
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Cary West Apartments
1 to 3 Bedroom Apartments

Cary West Apartments

2000-2021 W Cary StRichmond, VA 23220
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The Parkwood
Studio to 2 Bedroom Apartments

The Parkwood

3003 Parkwood AveRichmond, VA 23221
Student Housing
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MacTavish Flats
1 Bedroom Apartments

MacTavish Flats

1302 MacTavish AveRichmond, VA 23230
  • Utilities Included

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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Showing Results 1-50, Page 1 of 2

Monument Avenue, Richmond, VA Local Guide

Cheapest Available Monument Avenue Apartments for Rent

 

The cheapest available apartment rental in the Monument Avenue area of Richmond, VA is a 1 Bed unit found at Eagle Mill Lofts priced from $1,000. The Stables has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,055. Here are the most affordable Monument Avenue apartments for rent in Richmond, VA:

Apartment ListingModel NameBed/BathPriced From
Eagle Mill Lofts1 bed 1bth1BR,1BA$1,000
The Stables1 Bedroom 1 Bathroom1BR,1BA$1,055
South Arthur1/11BR,1BA$1,199
2602-2606 Monument Ave2 Bedroom 1 Bath - 236462BR,1BA$1,230
Southern Stove LoftsstudioStudio,1BA$1,250
Guardian Place ApartmentsA1 Guardian Place II1BR,1BA$1,277
The Collection of Historic RichmondA6, A7 & A81BR,1BA$1,292
1510 W Broad St - Residential2BR/2.0BA2BR,2BA$1,295
Cookie Factory LoftsStudio1BR,1BA$1,300

Best Value Apartments for Rent in Monument Avenue, VA

As of December 29, 2025 the best value apartment in the Monument Avenue area is the $1.36 price per square foot The Overbrook Model at The Westbrook Townhomes at Brewers Row in the in the Bellevue neighborhood starting from $3,755. The second greatest value Monument Avenue apartment is the 3 Bed, 2 Bath Model at 100 N Arthur Ashe Blvd starting at $2,500 with a $1.39 price per square foot in the Far West neighborhood. Here is today’s list of the best values for Monument Avenue apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Westbrook Townhomes at Brewers RowThe Overbrook3BR,2.5BA$1.36
100 N Arthur Ashe Blvd3 Bed, 2 Bath3BR,2BA$1.39
2106 Parkwood Ave, Unit 12106 Parkwood Ave2BR,2BA$1.33
Eagle Mill Lofts3bed 3bth3BR,3BA$1.44
Iron House Apartments3 Bedroom 2 Bath3BR,2BA$1.72
1322 W Broad St2 Bedroom 2 Bath - 190982BR,2BA$1.55
Kensington, Patterson Place and Grove AveKensington Place - Two Bedroom2BR,1BA$1.68
1510 W Broad St - Residential2BR/2.0BA2BR,2BA$1.68
2602-2606 Monument Ave2 Bedroom 1 Bath - 236462BR,1BA$1.62
The Stables1 Bedroom 1 Bathroom1BR,1BA$1.70

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

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

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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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Pet Friendly Lifestyle
Monument Avenue, Richmond, VA

Ranked #65

Among cities in Virginia for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Lifestyle Ratings

ApartmentHomeLiving brings you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals in cities across the United States, including Richmond. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including filtering automatically for easy access to the parks, luxury housing options, pet-friendly features, family-friendliness, proximity to transit, walking, and biking. These search options are in the site filters at the top of this page.

Frequently Asked Questions about Cheap Monument Avenue Apartments

What is a cheap apartment in Monument Avenue?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Monument Avenue is under $1,300.

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

The cheapest apartment in Monument Avenue is Eagle Mill Lofts which is listed at $1,000, while the average apartment in Monument Avenue costs $5,687.

What types of apartments are the cheapest in Monument Avenue?

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 71 regular apartments in Monument Avenue 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?

Cheap apartments in Monument Avenue have an average cost of $404 which is $5,283 cheaper than the average rent for all rentals in Monument Avenue.

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.

Articles, How-To's, and Tips

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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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How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips

Written by: Justin Habersaat

Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger 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.