Cheap Apartments for Rent in the Monument Avenue Neighborhood of Richmond, VA from $825 (109 Rentals)

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

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T and E Apartments
$995 - $2,195

Total Monthly Price

Base Rent$995 - $2,195

Total Monthly Price$995 - $2,195
12 Month Lease Term
Studio to 3 Bedroom Apartments Contact Us For Availability

T and E Apartments

1011 W Marshall StRichmond, VA 23220
Affordability
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property at 110 N Harrison St
$1,095

Total Monthly Price

Base Rent$1,095

Total Monthly Price$1,095
12 Month Lease Term
1 Bedroom, 2 Bath Townhome for Rent
Available Now
Furnished

110 N Harrison St

RichmondVA23220
property at 14 S Plum St
$1,095

Total Monthly Price

Base Rent$1,095

Total Monthly Price$1,095
2 Bedroom, 1 Bath Home for Rent
Available Now
Affordability

14 S Plum St

RichmondVA23220
property at 2002 Rosewood Ave
$1,125

Total Monthly Price

Base Rent$1,125

Total Monthly Price$1,125
1 Bedroom, 1 Bath Home for Rent
Available Now
Affordability

2002 Rosewood Ave

RichmondVA23220
property at 1206 Park Ave
$1,150

Total Monthly Price

Base Rent$1,150

Total Monthly Price$1,150
1 Bedroom, 1 Bath Home for Rent
Available Nov 6
Affordability

1206 Park Ave

RichmondVA23220

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Todd Lofts
Rent Specials
$1,239 - $2,428

Total Monthly Price

Base Rent$1,239 - $2,428

Total Monthly Price$1,239 - $2,428
Studio to 3 Bedroom Apartments Available Now

Todd Lofts

1128 Hermitage RdRichmond, VA 23220
Corporate Housing
  • Verified
  • Customer Reviewed
  • Utilities Included
property at 3401 Monument Ave
$1,295

Total Monthly Price

Base Rent$1,295

Total Monthly Price$1,295
12 Month Lease Term
Studio, 1 Bath Condo for Rent
Available Sep 16
Affordability

3401 Monument Ave, Unit C

3401 Monument Ave
RichmondVA23221
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Coliseum Lofts
$1,299 - $1,999

Total Monthly Price

Base Rent$1,299 - $1,999

Total Monthly Price$1,299 - $1,999
12 Month Lease Term
1 to 3 Bedroom Apartments Available Now

Coliseum Lofts

1335-1387 W Broad StRichmond, VA 23220
Student Housing
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  • Customer Reviewed
  • 3D Tour
property at 1005 W Franklin St
$1,300 - $2,500

Total Monthly Price

Base Rent$1,300

Total Monthly Price$1,300
1 To 2 Bedroom Rentals
Available Now
Affordability

1005 W Franklin St

RichmondVA23220
property at 2525 Park Ave
$1,350

Total Monthly Price

Base Rent$1,350

Total Monthly Price$1,350
1 Bedroom, 1 Bath Home for Rent
Available Now
Affordability

2525 Park Ave

RichmondVA23220
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1118 Grove Ave
$1,350 - $1,900

Total Monthly Price

Base Rent$1,350 - $1,900

Total Monthly Price$1,350 - $1,900
12 Month Lease Term
1 to 3 Bedroom Apartments Available Now

1118 Grove Ave

1118 Grove AveRichmond, VA 23220
Pet Friendly
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  • Smoke Free

Rent According to Income: A Look at Income-Restricted Rentals

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The Cooperage
Rent Specials
$1,375 - $3,852

Total Monthly Price

Base Rent$1,375 - $3,852

Total Monthly Price$1,375 - $3,852
1 to 2 Bedroom Apartments Available Now

The Cooperage

1650 Overbrook RdRichmond, VA 23220
Corporate Housing
  • Verified
  • Customer Reviewed
  • Utilities Included
property at 1622 Grove Ave
$1,395

Total Monthly Price

Base Rent$1,395

Total Monthly Price$1,395
1 Bedroom, 1 Bath Home for Rent
Available Now
Affordability

1622 Grove Ave

RichmondVA23220
property at 3218 W Grace St
$1,395

Total Monthly Price

Base Rent$1,395

Total Monthly Price$1,395
2 Bedroom, 1 Bath Home for Rent
Available Now
Affordability

3218 W Grace St

RichmondVA23221
property at 511 Ryland St
$1,400

Total Monthly Price

Base Rent$1,400

Total Monthly Price$1,400
2 Bedroom, 1 Bath Home for Rent
Available Now

511 Ryland St

RichmondVA23220
property at 1302 Floyd Ave
$1,400

Total Monthly Price

Base Rent$1,400

Total Monthly Price$1,400
1 Bedroom, 1 Bath Home for Rent
Available Now

1302 Floyd Ave

RichmondVA23220

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property at 2008 Idlewood Ave
$1,400

Total Monthly Price

Base Rent$1,400

Total Monthly Price$1,400
2 Bedroom, 1 Bath Home for Rent
Available Sep 10

2008 Idlewood Ave

RichmondVA23220
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The Carousel
Rent Specials
$1,442 - $2,693

Total Monthly Price

Base Rent$1,442 - $2,693

Total Monthly Price$1,442 - $2,693
Studio to 2 Bedroom Apartments Available Now

The Carousel

2400 Grayland AveRichmond, VA 23220
  • Verified
  • Customer Reviewed
  • Low Income
property at 3314 Ellwood Ave
$1,450

Total Monthly Price

Base Rent$1,450

Total Monthly Price$1,450
1 Bedroom, 1 Bath Home for Rent
Available Now

3314 Ellwood Ave

RichmondVA23221
property at 3322 Ellwood Ave
$1,450

Total Monthly Price

Base Rent$1,450

Total Monthly Price$1,450
1 Bedroom, 1 Bath Home for Rent
Available Now

3322 Ellwood Ave

RichmondVA23221

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Scotts Edge
$1,512 - $1,993

Total Monthly Price

Base Rent$1,507 - $1,988
Required Monthly FeesVaries

Total Monthly PriceVaries
1 to 2 Bedroom Apartments Contact Us For Availability

Scotts Edge

3408-3410 Moore StRichmond, VA 23230
Family Friendly
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  • Utilities Included
  • Smoke Free
property at 3204 Hanover Ave
$1,550

Total Monthly Price

Base Rent$1,550

Total Monthly Price$1,550
1 Bedroom, 1 Bath Home for Rent
Available Now

3204 Hanover Ave

RichmondVA23221
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203 N Plum St, Unit 4
$1,550

Total Monthly Price

Base Rent$1,550

Total Monthly Price$1,550
12 Month Lease Term
2 Bedroom Apartment Available Now

203 N Plum St, Unit 4

203 N Plum StRichmond, VA 23220
  • Smoke Free
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Scott's View
$1,572 - $3,756

Total Monthly Price

Base Rent$1,572 - $3,756

Total Monthly Price$1,572 - $3,756
1 to 2 Bedroom Apartments Available Now

Scott's View

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

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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 1 Bed unit found at 1128 W. Grace St.* priced from $995. MacTavish Flats has the second lowest priced unit, which is a Studio apartment currently listed from $1,053. Here are the most affordable Monument Avenue apartments for rent in Richmond, VA:

Apartment ListingModel NameBed/BathPriced From
1128 W. Grace St.*1BR/1.0BA1BR,1BA$995
MacTavish FlatsBStudio,1BA$1,053
The Stables1 Bedroom 1 Bathroom1BR,1BA$1,055
Eagle Mill LoftsStudiosStudio,1BA$1,075
Eagle Mill Apartments2bed 2bth2BR,2BA$1,125
Grace St 1120Grace St 1120 - 161BR,1BA$1,175
Guardian Place ApartmentsS1 Guardian Place 1Studio,1BA$1,192
1322 W Broad St1 Bedroom 1 Bath - 776291BR,1BA$1,195
1510 W. Broad Street1 Bedroom / 1 Bath - 599sqft1BR,1BA$1,199
703 N Harrison St1BR/1.0BA1BR,1BA$1,225

Best Value Apartments for Rent in Monument Avenue, VA

As of September 09, 2026 the best value apartment in the Monument Avenue area is the $1.20 price per square foot 3BR/2.0BA Model at W. Cary St. 1263 in the in the Near West neighborhood starting from $2,295. The second greatest value Monument Avenue apartment is the 3 Bedroom 2 Bath - 64490 Model at 2602-2606 Monument Ave starting at $2,999 with a $1.62 price per square foot in the Near 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.
W. Cary St. 12633BR/2.0BA3BR,2BA$1.20
2602-2606 Monument Ave3 Bedroom 2 Bath - 644903BR,2BA$1.62
The Westbrook Townhomes at Brewers RowThe Ownby3BR,2.5BA$1.52
2802 Park Ave2 Bed 1 Bath2BR,1BA$1.50
3530 Grove Avenue2BR/1.0BA2BR,1BA$1.48
2033 W Broad St1BR/1.0BA1BR,1BA$1.40
Stuart and Davis1 Bedroom / 1 Bath - 650sqft1BR,1BA$1.35
Eagle Mill Apartments2bed 2bth2BR,2BA$1.50
1128 W. Grace St.*1BR/1.0BA1BR,1BA$1.33
The Stables1 Bedroom 1 Bathroom1BR,1BA$1.70

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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, Richmond, VA

Ranked #57

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 $1,225.

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

The cheapest apartment in Monument Avenue is 1128 W. Grace St.* which is listed at $995, while the average apartment in Monument Avenue costs $1,916.

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 46 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 $126 which is $1,790 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.

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