
Cheap Apartments for Rent in the Monument Avenue Neighborhood of Richmond, VA from $800 (142 Rentals)
Search the lowest-cost Apartments available for rent right now in the Monument Avenue area of Richmond.


Liberty Circle Apartments

714 N Arthur Ashe Blvd, Unit C

Kensington, Patterson Place and Grove Ave

Eagle Mill Lofts

Cookie Factory Lofts

Total Monthly Price
Iron House Apartments

1510 W. Broad Street

Southern Stove Lofts

2709 W Broad St
The Richmond Renter's Guide to Living Near Work
Get the inside scoop on Richmond's most livable neighborhoods and find the perfect apartment close to where you work. Our local expert breaks it all down by the city's top employers like VCU Health and Costar.

Courtyard Lofts

2517 W Grace St

Cary Belvidere Apartments

1005 Grove Ave Apartments

The Collection of Historic Richmond

Pierce Arrow

Total Monthly Price
Todd Lofts

2602 Grove

Soda Flats

The 1805
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

303 S Arthur Ashe Blvd, Unit 8

Scotts Edge

Total Monthly Price
Coliseum Lofts

Total Monthly Price
The Carousel

1005 W Franklin St

1826 Thomas St

511 Ryland St

INK at Scott's Collection

Total Monthly Price
The Gallery Midtown Apartments

The Summit at Scotts Addition
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.

Total Monthly Price
Georgetown Apartments

1 Scott's Addition

NOVEL Scott's Addition by Crescent Communities

Total Monthly Price
The Nest Scott's Addition

Total Monthly Price
The Cooperage

SYMBOL Scotts Addition

1819 Thomas St

1821 Thomas St

The Westbrook Apartments at Brewers Row

The Scout Scotts Addition
Richmond’s Best Affordable Neighborhoods
Learn about Richmond and the best affordable places to live by our Local Expert Richard Corrigan

The Preserve Scotts Addition

Total Monthly Price
Otis

1322 W Broad St

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Scott's View

Total Monthly Price
VIV at Scott's Collection

Total Monthly Price
Circ Apartments

Total Monthly Price
T and E Apartments

10 N Harrison St

1123-25-27 West Grace Street

1111 N Thompson St
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.
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 | $1,618 | $995 | $2,716 |
| Monument Avenue 1 Bedroom Apartments | $1,886 | $1,031 | $8,950 |
| Monument Avenue 2 Bedroom Apartments | $2,578 | $1,250 | $10,000+ |
| Monument Avenue 3 Bedroom Apartments | $2,601 | $810 | $10,000+ |
| Monument Avenue 4 Bedroom Apartments | $1,768 | $890 | $2,995 |
Browse Apartments in this Neighborhood
There are currently 142 rentals with your search options within a 1 mile radius of the Monument Avenue Neighborhood of Richmond, VA.
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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 1 Bed unit found at The Stables priced from $1,055. Grace St 1120 has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,175. Here are the most affordable Monument Avenue apartments for rent in Richmond, VA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| The Stables | 1 Bedroom 1 Bathroom | 1BR,1BA | $1,055 |
| Grace St 1120 | Grace St 1120 - 17 | 1BR,1BA | $1,175 |
| Guardian Place Apartments | S1 Guardian Place 1 | Studio,1BA | $1,192 |
| Cookie Factory Lofts | Studio | Studio,1BA | $1,199 |
| 1510 W. Broad Street | 1 Bedroom / 1 Bath - 599sqft | 1BR,1BA | $1,250 |
| Cary Belvidere Apartments | Studio | Studio,1BA | $1,335 |
| Pierce Arrow | Studio | Studio,1BA | $1,355 |
| Todd Lofts | One Bedroom | 1BR,1BA | $1,368 |
| Soda Flats | The Fizz | 1BR,1BA | $1,396 |
| Stuart and Davis | 1 Bedroom / 1 Bath - 650sqft | 1BR,1BA | $1,399 |
Best Value Apartments for Rent in Monument Avenue, VA
As of July 21, 2026 the best value apartment in the Monument Avenue area is the $1.83 price per square foot The Ownby Model at The Westbrook Townhomes at Brewers Row in the in the Bellevue neighborhood starting from $3,204. The second greatest value Monument Avenue apartment is the 3 Bedroom 2 Bath Model at Iron House Apartments starting at $2,480 with a $1.93 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Westbrook Townhomes at Brewers Row | The Ownby | 3BR,2.5BA | $1.83 |
| Iron House Apartments | 3 Bedroom 2 Bath | 3BR,2BA | $1.93 |
| 929 W Grace St, Unit second floor #2 | 929 W Grace St | 3BR,1BA | $1.65 |
| 1701 W Leigh St | 1701 W Leigh St | 2BR,1BA | $1.42 |
| Stuart and Davis | 1 Bedroom / 1 Bath - 650sqft | 1BR,1BA | $1.40 |
| 1510 W. Broad Street | 1 Bedroom / 1 Bath - 599sqft | 1BR,1BA | $1.43 |
| Cookie Factory Lofts | 1 Bed/ 1.5 Bath | 1BR,1.5BA | $1.86 |
| Southern Stove Lofts | 1bed 1.5bth | 1BR,1.5BA | $1.79 |
| Scotts Edge | 1x1 | 1BR,1BA | $1.87 |
| The Stables | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.70 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
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
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read ArticleQuick 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.
Pet Friendly LifestyleMonument Avenue, Richmond, VA
Ranked #60
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 Guardian Place Apartments listed at $1,192.
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 $1,250 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 Coliseum Lofts and starts from $2,199.
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

Your Richmond Neighborhood Guide: Living Near the City's Top Employers
Written by: Richard Corrigan
Richmond is a beautiful place to live and work. The city has something for everyone—historic charm, trendy shops and boutiques, world-class restaurants and amazing urban parks and green spaces.

Explore The River City Like a Local: The Insider's 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.

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.

A Local Expert's 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.
Articles, How-To's, and Tips

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.