
Cheap Apartments for Rent in the Monument Avenue Neighborhood of Richmond, VA from $825 (109 Rentals) Page 2 of 3
Search the lowest-cost Apartments available for rent right now in the Monument Avenue area of Richmond.


MAA Rove

1111 N Thompson St

2700 Idlewood Ave

3329 Cutshaw Ave

Virginia Apartments

Cornish Brewery Apartments

1128 W. Grace St.*

The Ritz

MacTavish Flats
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

The Stables

3514 Park Ave.

Grace St 1120

The Altamont

Eagle Mill Apartments

Pine Court II

Pine Court I

The Villas At Granby

Cary West Apartments

The Parkwood
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.

Eagle Mill Towers

Guardian Place Apartments

1322 W Broad St

1318 W. Broad St.

Pine Court Apartments III

306 N Mulberry St

703 N Harrison St

3425 Kensington Avenue

1210 W Leigh St

1711 Hanover Ave
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.

Julians

Osprey Lofts

1921 Floyd Ave

Century Flats

Stuart and Davis

2832 Monument Ave.*

South Arthur Apartments

505 N Arthur Ashe Blvd

3012 Monument Ave.*

Pierce Arrow
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.

3301 Grove Avenue

805W Lofts

2 N. Dooley Ave.

Argon

808 N Arthur Ashe Blvd

Dominion Place

Eclipse Apartments

2614 Grove Avenue

1106 West Franklin St

The Birches
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.
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 | $1,705 | $995 | $2,717 |
| Monument Avenue 1 Bedroom Apartments | $1,906 | $1,031 | $8,677 |
| Monument Avenue 2 Bedroom Apartments | $2,542 | $1,095 | $10,000+ |
| Monument Avenue 3 Bedroom Apartments | $2,988 | $1,700 | $10,000+ |
| Monument Avenue 4 Bedroom Apartments | $2,795 | $2,795 | $2,795 |
Browse Apartments in this Neighborhood
There are currently 109 rentals with your search options within a 1 mile radius of the Monument Avenue Neighborhood of Richmond, VA.
See all Apartments in RichmondExplore Richmond
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.
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.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.