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Rent Specials
$950 - $1,695
Plus Fees12 Month Lease Term
Studio to 3 Bedroom Apartments Available NowEagle Mill Lofts
1418 W Marshall StRichmond, VA 23220
Cheap Apartments for Rent in the Monument Avenue Neighborhood of Richmond, VA from $800 (124 Rentals)
Search the lowest-cost Apartments available for rent right now in the Monument Avenue area of Richmond.
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$980 - $2,250
Plus Fees12 Month Lease Term
1 to 3 Bedroom Apartments Available Jul 11106 West Franklin St
1106 Franklin StRichmond, VA 23220
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$1,010
Plus Fees
1 Bedroom Apartments Available Jul 31411 Grove Avenue
1411 Grove AveRichmond, VA 23220
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$1,028 - $1,962
Plus Fees12 Month Lease Term
1 to 2 Bedroom Apartments Available May 10Kensington, Patterson Place and Grove Ave
3502 Kensington AveRichmond, VA 23221
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$1,070 - $1,860
Plus Fees
1 to 3 Bedroom Apartments Available Jul 11123-25-27 West Grace Street
1123-1127 W Grace StRichmond, VA 23220
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$1,104 - $2,881
Total Monthly Price12 Month Lease Term
Studio to 3 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,092 - $2,869
Required Monthly Fees
$12
Total Monthly Price
$1,104 - $2,881
Coliseum Lofts
1335-1387 W Broad StRichmond, VA 23220
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$1,125 - $2,125
Plus Fees
Studio to 2 Bedroom Apartments Available NowSouthern Stove Lofts
1215 Hermitage RdRichmond, VA 23220
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$1,149
Total Monthly Price12 Month Lease Term
1 Bedroom Apartment Available Jul 1Total Monthly Price
Base Rent
$1,149
Total Monthly Price
$1,149
9 S Crenshaw Ave, Unit 9 S. Crenshaw Ave, Unit 9 S. Crenshaw Ave
9 S Crenshaw AveRichmond, VA 23221
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$1,158 - $2,460
Plus Fees12 Month Lease Term
1 to 3 Bedroom Apartments Available NowIron House Apartments
1309 W Broad StRichmond, VA 23220
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$1,195 - $2,795
Plus Fees12 Month Lease Term
Studio to 3 Bedroom Apartments Available NowT and E Apartments
1011 W Marshall StRichmond, VA 23220
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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$1,1951 Bedroom Apartments Available Aug 10
3125 Hanover Ave, Unit 3
3125 Hanover AveRichmond, VA 23221
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$1,1951 Bedroom Apartments Available Aug 15
3210 Ellwood Ave, Unit D
3210 Ellwood AveRichmond, VA 23221
517 N Harrison St
RichmondVA23220
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$1,2501 Bedroom Apartments Available Aug 10
403 Cleveland St, Unit 6
403 Cleveland StRichmond, VA 23221
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$1,250 - $2,600
Plus Fees12 Month Lease Term
Studio to 3 Bedroom Apartments Available NowCookie Factory Lofts
900 Terminal PlRichmond, VA 23220
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$1,2752 Bedroom Apartments Available Aug 10
608 N Arthur Ashe Blvd, Unit 11
608 N Arthur Ashe BlvdRichmond, VA 23220
22 S Plum St
RichmondVA23220
22 S Robinson St
RichmondVA23220
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$1,315 - $1,995
Plus Fees
1 to 2 Bedroom Apartments Contact Us For AvailabilityKent Road Village
907 N L North Hamilton StRichmond, VA 23221
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$1,320 - $3,368
Plus Fees
1 to 2 Bedroom Apartments Available NowThe Summit at Scotts Addition
3022 W Broad StRichmond, VA 23230
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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$1,326 - $3,435
Total Monthly Price
1 to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,326 - $3,435
Total Monthly Price
$1,326 - $3,435
The Cooperage
1650 Overbrook RdRichmond, VA 23220
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$1,335 - $1,895
Plus Fees12 Month Lease Term
Studio to 2 Bedroom Apartments Available NowCary Belvidere Apartments
601 W Cary StRichmond, VA 23220
9 S Brunswick St
RichmondVA23220
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$1,355 - $2,615
Plus Fees18 Month Lease Term
Studio to 3 Bedroom Apartments Available NowCourtyard Lofts
3200 W Clay StRichmond, VA 23230
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$1,378 - $4,032
Total Monthly Price
1 to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,378 - $4,032
Total Monthly Price
$1,378 - $4,032
Circ Apartments
1137 W Grace StRichmond, VA 23220
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Rent Specials
$1,392 - $2,007
Plus Fees
1 to 3 Bedroom Apartments Available NowThe Collection of Historic Richmond
805 N Arthur Ashe BoulevardRichmond, VA 23220
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$1,3992 Bedroom Apartments Available Aug 10
1103 W Franklin St, Unit 1
1103 W Franklin StRichmond, VA 23220
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Rent Specials
$1,405 - $2,100
Plus Fees
1 to 2 Bedroom Apartments Available NowThe Gallery Midtown Apartments
308 N Nansemond StRichmond, VA 23221
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$1,415 - $2,135
Plus Fees
Studio to 2 Bedroom Apartments Available Jun 2The 1805
1805 Monument AveRichmond, VA 23220
1106 W Main St
RichmondVA23220
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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$1,426 - $3,902
Plus Fees
Studio to 2 Bedroom Apartments Available NowThe Preserve Scotts Addition
1310 Roseneath RdRichmond, VA 23230
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$1,442 - $2,804
Total Monthly Price
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,442 - $2,804
Total Monthly Price
$1,442 - $2,804
The Carousel
2400 Grayland AveRichmond, VA 23220
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$1,445 - $1,875
Plus Fees
2 Bedroom Apartments Available Jun 25Georgetown
907 N L North Hamilton StRichmond, VA 23221
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$1,450 - $1,550
Plus Fees12 Month Lease Term
2 Bedroom Apartments Available Jul 51510 W. Broad Street
1510 W Broad StRichmond, VA 23220
111 N Arthur Ashe Blvd
RichmondVA23220
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$1,4502 Bedroom Apartments Available May 1
2111 Maplewood Ave, Unit D
2111 Maplewood AveRichmond, VA 23220
10 S Randolph St
RichmondVA23220
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$1,462
Total Monthly Price
2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,400
Required Monthly Fees
$62
Total Monthly Price
$1,462
2207 W Grace St, Unit Apt C
2207 W Grace StRichmond, VA 23220
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$1,4952 Bedroom Apartments Available Jun 10
3206 Ellwood Ave, Unit C
3206 Ellwood AveRichmond, VA 23221
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$1,4952 Bedroom Apartments Available Jun 10
3212 Ellwood Ave, Unit A
3212 Ellwood AveRichmond, VA 23221
Explore The River City Like a Local: The Insider's Guide to Renting in Richmond, VA
Thinking of moving to Richmond, VA? Learn why "The River City" is a perfect blend of big-city amenities and small-town charm, offering a low cost of living, minimal traffic, and a rich cultural scene.
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$1,495 - $4,515
Plus Fees
Studio to 2 Bedroom Apartments Available NowThe Ace
1201 N Arthur Ashe BlvdRichmond, VA 23230
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Rent Specials
$1,500 - $2,435
Plus Fees
1 to 2 Bedroom Apartments Available NowThe Nest Scott's Addition
3113 W Marshall StRichmond, VA 23230
2412 W Main St
RichmondVA23220
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$1,514 - $2,424
Total Monthly Price
Studio to 3 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,514 - $2,424
Total Monthly Price
$1,514 - $2,424
Todd Lofts
1128 Hermitage RdRichmond, VA 23220
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$1,520 - $2,463
Plus Fees
1 to 2 Bedroom Apartments Available May 161 Scott's Addition
3031 Norfolk StRichmond, VA 23230
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$1,521 - $2,001
Plus Fees
1 to 2 Bedroom Apartments Available NowINK at Scott's Collection
3000 W Clay StRichmond, VA 23230
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$1,542 - $3,796
Total Monthly Price
1 to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,542 - $3,796
Total Monthly Price
$1,542 - $3,796
Scott's View
3410 W Clay StRichmond, VA 23230
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$1,550 - $3,896
Plus Fees
1 to 2 Bedroom Apartments Available NowSYMBOL Scotts Addition
1814 Highpoint AveRichmond, VA 23230
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Rent Specials
$1,550 - $4,327
Plus Fees
Studio to 2 Bedroom Apartments Available NowThe Scout Scotts Addition
947 Myers StRichmond, VA 23230
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$1,555 - $1,605
Plus Fees
2 Bedroom Apartments Contact Us For Availability1322 W Broad St
1322 W Broad 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.
Monument Avenue, Richmond, VA Local Guide
How much does it cost to rent an apartment in Monument Avenue?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Monument Avenue Studio Apartments | $1,736 | $1,000 | $4,805 |
| Monument Avenue 1 Bedroom Apartments | $1,872 | $950 | $5,358 |
| Monument Avenue 2 Bedroom Apartments | $2,326 | $930 | $7,736 |
| Monument Avenue 3 Bedroom Apartments | $2,475 | $895 | $5,342 |
| Monument Avenue 4 Bedroom Apartments | $1,923 | $890 | $3,680 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Apartments in this Neighborhood
There are currently 124 rentals with your search options within a 1 mile radius of the Monument Avenue Neighborhood of Richmond, VA.
See all Apartments in RichmondExplore Richmond
Monument Avenue, Richmond, VA Local Guide
- Nearby Richmond neighborhoods
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Cheapest Available Monument Avenue Apartments for Rent
The cheapest available apartment rental in the Monument Avenue area of Richmond, VA is a 2 Beds unit found at Eagle Mill Lofts priced from $950. 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Eagle Mill Lofts | 2bed 1bth | 2BR,1BA | $950 |
| The Stables | 1 Bedroom 1 Bathroom | 1BR,1BA | $1,055 |
| Iron House Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $1,158 |
| Cookie Factory Lofts | 1 Bed/ 1 Bath | 1BR,1BA | $1,250 |
| Cary Belvidere Apartments | Studio | Studio,1BA | $1,335 |
| 1005 Grove Ave Apartments | One Bedroom One Bath | 1BR,1BA | $1,350 |
| The Summit at Scotts Addition | The Chalet | 1BR,1BA | $1,373 |
| Southern Stove Lofts | studio | Studio,1BA | $1,375 |
| Circ Apartments | The Park | 1BR,1BA | $1,378 |
| The Carousel | Jumper | Studio,1BA | $1,442 |
Best Value Apartments for Rent in Monument Avenue, VA
As of April 21, 2026 the best value apartment in the Monument Avenue area is the $1.89 price per square foot C2 Model at The Altamont in the in the Bellevue neighborhood starting from $1,800. The second greatest value Monument Avenue apartment is the 2BR/1.0BA Model at 3425 Kensington Avenue starting at $1,495 with a $1.70 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Altamont | C2 | 3BR,2BA | $1.89 |
| 3425 Kensington Avenue | 2BR/1.0BA | 2BR,1BA | $1.70 |
| Courtyard Lofts | Marshall | 1BR,1BA | $1.80 |
| The Collection of Historic Richmond | B4 & B5 | 2BR,1BA | $1.97 |
| The Gallery Midtown Apartments | Renovated Kensington | 2BR,1BA | $2.02 |
| The Icon | 1 Bedroom Tower | 1BR,1BA | $2.08 |
| Todd Lofts | Studio | Studio ,1BA | $1.95 |
| Iron House Apartments | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.76 |
| 1005 Grove Ave Apartments | One Bedroom One Bath | 1BR,1BA | $2.11 |
| The Stables | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.70 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
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Don't Settle: How to Negotiate Your Apartment Lease and Save Money
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Read ArticleThe 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 LifestyleMonument Avenue, Richmond, VA
Ranked #56
Among cities in Virginia for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
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 the Cheapest Studio apartment in Monument Avenue?
Currently the most affordable Cheap Studio Apartment in Monument Avenue is at Eagle Mill Lofts listed at $1,000.
How much is rent for a Cheap One Bedroom Monument Avenue Apartment?
The lowest price for a Cheap One Bedroom Monument Avenue Apartment is $1,055 at The Stables.
What is the lowest price for a Cheap Two Bedroom Monument Avenue Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Monument Avenue is starting from $950 at Eagle Mill Lofts.
What is the most affordable Monument Avenue Three Bedroom Apartment?
The best deal on a cheap Monument Avenue Three Bedroom Apartment rental is at Eagle Mill Lofts and starts from $1,695.
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
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.
Your Guide to Picking the Perfect Richmond Neighborhood for Student Renters
Written by: Richard Corrigan
Richmond isn't always thought of as a college town, but there are actually several major colleges and universities here. One thing Richmond does get credit for—and rightfully so—is being a very neighborhood-friendly city.
Explore The River City Like a Local: The Insiders Guide to Renting in Richmond, VA
Written by: Richard Corrigan
Welcome to Richmond! For those unfamiliar, it’s Virginia’s state capitol, a city with a long and rich history, and—some might say—Virginia’s biggest small town. There’s a lot to love about living here.
Articles, How-To's, and Tips
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.
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.
18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.
A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.