Cheap Apartments for Rent in the Monument Avenue Neighborhood of Richmond, VA from $800 (75 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Lifestyle Matching SearchDone
Learn more about Lifestyle Search
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

close
View Me
The 1805
Rent Specials
$1,336 - $2,140Studio to 2 Bedroom Apartments Contact Us For Availability

The 1805

1805 Monument AveRichmond, VA 23220
Transit Friendly
  • Verified
  • Customer Reviewed
  • Utilities Included
property at 3600 W Broad St

3600 W Broad St

RichmondVA23230
close
View Me
2700 Idlewood Ave
Studio to 1 Bedroom Apartments

2700 Idlewood Ave

2700 Idlewood AveRichmond, VA 23220
Senior Living
  • Utilities Included
close
View Me
Virginia Apartments
1 to 2 Bedroom Apartments

Virginia Apartments

2602-2608 Kensington AveRichmond, VA 23220
  • Utilities Included
close
View Me
3329 Cutshaw Ave
1 to 2 Bedroom Apartments

3329 Cutshaw Ave

3329 Cutshaw AveRichmond, VA 23230
  • Utilities Included
close
View Me
Cornish Brewery Apartments
Studio to 2 Bedroom Apartments

Cornish Brewery Apartments

1201 W Clay StRichmond, VA 23220
Student Housing
  • Utilities Included
close
View Me
Eagle Mill Towers
Studio to 3 Bedroom Apartments

Eagle Mill Towers

1414 W Marshall StRichmond, VA 23220
  • Utilities Included
close
View Me
The Stables
1 to 2 Bedroom Apartments

The Stables

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

Pine Court I

707 W Cary StRichmond, VA 23220
Student Housing
  • Utilities Included
close
View Me
Eagle Mill Apartments
1 to 2 Bedroom Apartments

Eagle Mill Apartments

1400 W Marshall StRichmond, VA 23220
  • Utilities Included
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 4 Beds unit found at Liberty Circle Apartments priced from $820. Eagle Mill Lofts has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,000. Here are the most affordable Monument Avenue apartments for rent in Richmond, VA:

Apartment ListingModel NameBed/BathPriced From
Liberty Circle ApartmentsTHE HIGHLAND FLOOR PLAN - BEDROOM II4BR,2BA$820
Eagle Mill Lofts1 bed 1bth1BR,1BA$1,000
The Stables1 Bedroom 1 Bathroom1BR,1BA$1,055
Coliseum LoftsE2.1Studio,1BA$1,190
Guardian Place ApartmentsS1 Guardian Place 1Studio,1BA$1,192
South Arthur1/11BR,1BA$1,199
Southern Stove Loftsstudio1BR,1BA$1,250
Cookie Factory LoftsStudioStudio,1BA$1,300
Scotts Edge1BR-2161BR,1BA$1,314

Best Value Apartments for Rent in Monument Avenue, VA

As of November 11, 2025 the best value apartment in the Monument Avenue area is the $1.28 price per square foot The Overbrook Model at The Westbrook Townhomes at Brewers Row in the in the Bellevue neighborhood starting from $3,519. The second greatest value Monument Avenue apartment is the 3bed 3bth Model at Eagle Mill Lofts starting at $1,700 with a $1.44 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.
The Westbrook Townhomes at Brewers RowThe Overbrook3BR,2.5BA$1.28
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
3131 W Grace St, Unit 13131 W Grace St2BR,1BA$1.84
South Arthur1/11BR,1BA$1.41
1510 W Broad St - Residential2BR/2.0BA2BR,2BA$1.75
Cookie Factory LoftsStudioStudio ,1BA$2.02
The Stables1 Bedroom 1 Bathroom1BR,1BA$1.70
1130 W Grace St, Unit #11130 W Grace St1BR,1.5BA$1.82

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.

decorative image of people with a giant lease agreement

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

decorative image of woman handing cat to small boy

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 $1,314.

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 $3,510.

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 114 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 $425 which is $3,085 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.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

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.

decorative image for How to Negotiate Your Apartment Lease and Save Money article

How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

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.