Cheap Apartments for Rent in the Monument Avenue Neighborhood of Richmond, VA from $800 (72 Rentals)

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

property at 1322 W Broad St

1322 W Broad St

RichmondVA23220

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

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property at 3600 W Broad St

3600 W Broad St

RichmondVA23230

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

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

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2700 Idlewood Ave
Studio to 1 Bedroom Apartments

2700 Idlewood Ave

2700 Idlewood AveRichmond, VA 23220
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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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Eagle Mill Towers
Studio to 3 Bedroom Apartments

Eagle Mill Towers

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

The Stables

410 Hancock StRichmond, VA 23220

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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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 3 Beds unit found at Chesterfield Apartments priced from $807. Liberty Circle Apartments has the second lowest priced unit, which is a 4 Beds apartment currently listed from $820. Here are the most affordable Monument Avenue apartments for rent in Richmond, VA:

Apartment ListingModel NameBed/BathPriced From
Chesterfield ApartmentsTHE MULBERRY FLOOR PLAN - SUITE II3BR,1BA$807
Liberty Circle ApartmentsTHE HIGHLAND FLOOR PLAN - BEDROOM II4BR,2BA$820
Eagle Mill LoftsStudiosStudio,1BA$925
The Stables1 Bedroom 1 Bathroom1BR,1BA$1,055
Guardian Place ApartmentsS1 Guardian Place 1Studio,1BA$1,192
1510 W Broad St - Residential1BR/1.0BA1BR,1BA$1,195
Southern Stove Lofts1bed 1bth1BR,1BA$1,250
1322 W Broad St1BR/1.0BA1BR,1BA$1,265
South Arthur1/11BR,1BA$1,299

Best Value Apartments for Rent in Monument Avenue, VA

As of September 18, 2025 the best value apartment in the Monument Avenue area is the $1.72 price per square foot The Ownby Model at The Westbrook Townhomes at Brewers Row in the in the Bellevue neighborhood starting from $2,999. The second greatest value Monument Avenue apartment is the 2A (RENO) Model at River School Lofts starting at $2,170 with a $1.78 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 Ownby3BR,2.5BA$1.72
River School Lofts2A (RENO)2BR,1BA$1.78
Iron House Apartments2 Bedroom 2 Bath with Office2BR,2BA$1.46
Cary Belvidere ApartmentsTwo Beds2BR,2BA$1.48
Coliseum LoftsC33BR,3BA$1.97
3131 W Grace St, Unit 13131 W Grace St2BR,1BA$1.84
3425 Kensington Avenue2BR/1.0BA2BR,1BA$1.65
South Arthur1/11BR,1BA$1.53
1510 W Broad St - Residential2BR/2.0BA2BR,2BA$1.75
The Stables1 Bedroom 1 Bathroom1BR,1BA$1.70

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Pet Friendly Lifestyle
Monument Avenue, Richmond, VA

Ranked #67

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.

Getting Around the Monument Avenue Neighborhood in Richmond, VA

Walk Score®

93 / 100

Walker’s Paradise

Daily errands do not require a car

Bike Score®

85 / 100

Very Bikeable

Biking is convenient for most trips

Transit Score®

48 / 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 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 $1,299.

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 $995, while the average apartment in Monument Avenue costs $2,725.

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 83 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 $377 which is $2,348 cheaper than the average rent for all rentals in Monument Avenue.

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.

decorative image for A Local Experts Guide To the Top Budget-Friendly Neighborhoods to Rent in Richmond, VA article

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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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.

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

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

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

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.