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$950 - $1,800
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 (136 Rentals)
Search the lowest-cost Apartments available for rent right now in the Monument Avenue area of Richmond.
1715 Grove Ave
RichmondVA23220
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$999
Total Monthly Price12 Month Lease Term
1 Bedroom Apartment Available NowTotal Monthly Price
Base Rent
$999
Total Monthly Price
$999
1130 W Grace St
1130 W Grace StRichmond, VA 23220
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$1,010
Plus Fees
1 Bedroom Apartments Contact Us For Availability1411 Grove Avenue
1411 Grove AveRichmond, VA 23220
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$1,011 - $2,825
Total Monthly Price12 Month Lease Term
Studio to 3 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$999 - $2,813
Required Monthly Fees
$12
Total Monthly Price
$1,011 - $2,825
Coliseum Lofts
1335-1387 W Broad StRichmond, VA 23220
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$1,031 - $1,962
Plus Fees12 Month Lease Term
1 to 2 Bedroom Apartments Available Jun 11Kensington, Patterson Place and Grove Ave
3502 Kensington AveRichmond, VA 23221
1106 W Main St
RichmondVA23220
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$1,125 - $1,795
Plus Fees
1 to 3 Bedroom Apartments Available NowThe Collection of Historic Richmond
805 N Arthur Ashe BoulevardRichmond, VA 23220
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$1,150 - $2,195
Total Monthly Price12 Month Lease Term
Studio to 3 Bedroom Apartments Available NowTotal Monthly Price
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$1,150 - $2,195
Total Monthly Price
$1,150 - $2,195
T and E Apartments
1011 W Marshall StRichmond, VA 23220
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$1,1951 Bedroom Apartments Available Aug 15
3210 Ellwood Ave, Unit D
3210 Ellwood AveRichmond, VA 23221
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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$1,199 - $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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$1,229 - $1,925
Total Monthly Price12 Month Lease Term
1 to 2 Bedroom Apartments Available Aug 7Total Monthly Price
Base Rent
$1,124 - $1,820
Required Monthly Fees
Varies
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Varies
Iron House Apartments
1309 W Broad StRichmond, VA 23220
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$1,275 - $2,125
Plus Fees
Studio to 3 Bedroom Apartments Available NowSouthern Stove Lofts
1215 Hermitage RdRichmond, 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
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$1,290 - $1,450
Plus Fees
1 Bedroom Apartments Available Aug 141005 Grove Ave Apartments
1005 Grove AveRichmond, VA 23220
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$1,2951 Bedroom Apartments Available Now
1011 W Marshall St, Unit 212
1011 W Marshall StRichmond, VA 23220
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$1,2952 Bedroom Apartments Available Jun 10
3206 Ellwood Ave, Unit C
3206 Ellwood AveRichmond, VA 23221
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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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Rent Specials
$1,315 - $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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$1,335 - $1,895
Plus Fees12 Month Lease Term
Studio to 2 Bedroom Apartments Available NowCary Belvidere Apartments
601 W Cary StRichmond, VA 23220
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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$1,340 - $3,048
Total Monthly Price
1 to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,340 - $3,048
Total Monthly Price
$1,340 - $3,048
The Cooperage
1650 Overbrook RdRichmond, VA 23220
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$1,350 - $1,375
Plus Fees12 Month Lease Term
1 Bedroom Apartments Available Jul 51510 W. Broad Street
1510 W Broad StRichmond, VA 23220
9 S Brunswick St
RichmondVA23220
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$1,355 - $1,470
Plus Fees12 Month Lease Term
Studio to 1 Bedroom Apartments Available NowPierce Arrow
2621 Stuart AveRichmond, VA 23220
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$1,377 - $2,842
Total Monthly Price
Studio to 3 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,377 - $2,842
Total Monthly Price
$1,377 - $2,842
Todd Lofts
1128 Hermitage RdRichmond, VA 23220
3218 W Grace St
RichmondVA23221
20 S Allen Ave
RichmondVA23220
19 S Arthur Ashe Blvd
RichmondVA23220
18 S Allen Ave
RichmondVA23220
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$1,396 - $2,082
Plus Fees
1 to 2 Bedroom Apartments Available NowScotts Edge
3408-3410 Moore StRichmond, VA 23230
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
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$1,399 - $2,205
Plus Fees
Studio to 2 Bedroom Apartments Available Aug 1The 1805
1805 Monument AveRichmond, VA 23220
1840 Monument Ave
RichmondVA23220
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$1,425 - $2,463
Plus Fees
1 to 2 Bedroom Apartments Available Now1 Scott's Addition
3031 Norfolk StRichmond, VA 23230
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$1,427 - $2,202
Total Monthly Price
1 to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,395 - $2,170
Required Monthly Fees
Varies
Total Monthly Price
Varies
The Gallery Midtown Apartments
308 N Nansemond StRichmond, VA 23221
117 S Stafford Ave
RichmondVA23220
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$1,442 - $2,713
Total Monthly Price
Studio to 2 Bedroom Apartments Available Jul 2Total Monthly Price
Base Rent
$1,442 - $2,713
Total Monthly Price
$1,442 - $2,713
The Carousel
2400 Grayland AveRichmond, VA 23220
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$1,445 - $1,875
Plus Fees
2 Bedroom Apartments Contact Us For AvailabilityGeorgetown
907 N L North Hamilton StRichmond, VA 23221
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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$1,465 - $3,037
Plus Fees
1 to 2 Bedroom Apartments Available NowSoda Flats
2820 W Broad StRichmond, VA 23230
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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$1,475 - $2,571
Plus Fees
1 Bedroom Apartments Available NowThe Summit at Scotts Addition
3022 W Broad StRichmond, VA 23230
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$1,4952 Bedroom Apartments Available Jun 10
2307 W Main St, Unit A
2307 W Main StRichmond, VA 23220
3509 Park Ave
RichmondVA23221
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$1,4952 Bedroom Apartments Available Jun 10
3212 Ellwood Ave, Unit A
3212 Ellwood AveRichmond, VA 23221
511 Ryland St
RichmondVA23220
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$1,500 - $3,418
Total Monthly Price
1 to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,500 - $3,418
Total Monthly Price
$1,500 - $3,418
Circ Apartments
1137 W Grace StRichmond, VA 23220
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$1,505 - $4,001
Total Monthly Price
1 to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,505 - $4,001
Total Monthly Price
$1,505 - $4,001
The Icon
1209 Mactavish AveRichmond, VA 23230
1627 W Grace St
RichmondVA23220
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$1,5502 Bedroom Apartments Available Aug 15
112 S Laurel St, Unit B
112 S Laurel StRichmond, VA 23220
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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 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.
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 | $1,881 | $1,000 | $7,304 |
| Monument Avenue 1 Bedroom Apartments | $1,866 | $975 | $7,932 |
| Monument Avenue 2 Bedroom Apartments | $2,435 | $975 | $10,000+ |
| Monument Avenue 3 Bedroom Apartments | $2,477 | $810 | $10,000+ |
| Monument Avenue 4 Bedroom Apartments | $2,121 | $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 136 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 2bth | 2BR,2BA | $950 |
| The Stables | 1 Bedroom 1 Bathroom | 1BR,1BA | $1,055 |
| Guardian Place Apartments | S1 Guardian Place 1 | Studio,1BA | $1,192 |
| Cookie Factory Lofts | Studio | Studio,1BA | $1,199 |
| Southern Stove Lofts | studio | Studio,1BA | $1,275 |
| Cary Belvidere Apartments | Studio | Studio,1BA | $1,335 |
| Pierce Arrow | Studio | Studio,1BA | $1,355 |
| Scotts Edge | 1x1 | 1BR,1BA | $1,396 |
| Argon | The Rhodium | 1BR,1BA | $1,415 |
Best Value Apartments for Rent in Monument Avenue, VA
As of June 06, 2026 the best value apartment in the Monument Avenue area is the $1.74 price per square foot 2D (RENO) Model at River School Lofts in the in the Far West neighborhood starting from $2,800. The second greatest value Monument Avenue apartment is the 3 Bed/2 Bath Model at T and E Apartments starting at $1,995 with a $1.55 price per square foot in the Downtown Richmond 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. |
|---|---|---|---|
| River School Lofts | 2D (RENO) | 2BR,2BA | $1.74 |
| T and E Apartments | 3 Bed/2 Bath | 3BR,2BA | $1.55 |
| 1301 W Leigh St | 1301 W Leigh St | 3BR,1BA | $1.67 |
| Lombardy Lofts | 2 Beds, 2 Baths | 2BR,2BA | $1.54 |
| The Altamont | C2 | 3BR,2BA | $1.91 |
| Courtyard Lofts | Marshall | 1BR,1BA | $1.80 |
| The Collection of Historic Richmond | B1, B2 & B3 | 2BR,1BA | $1.81 |
| Scotts Edge | 1x1 | 1BR,1BA | $1.85 |
| The Stables | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.70 |
| Eagle Mill Lofts | Studios | Studio ,1BA | $1.62 |
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.
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The 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.
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Pet Friendly LifestyleMonument Avenue, Richmond, VA
Ranked #58
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 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 $1,415.
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 $950, while the average apartment in Monument Avenue costs $2,318.
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 59 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 $488 which is $1,830 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.
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.
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.
Articles, How-To's, and Tips
Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.
Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.
Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.