The Penny at Jackson Ward Apartments

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2 W Marshall St, Richmond, VA 23220
(804) 441-7575
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The Penny at Jackson Ward in Richmond, VA - Building Photo
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The Penny at Jackson Ward in Richmond, VA - Building Photo - Building Photo
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The Penny at Jackson Ward in Richmond, VA - Building Photo - Building Photo
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The Penny at Jackson Ward in Richmond, VA - Building Photo - Building Photo
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The Penny at Jackson Ward in Richmond, VA - Building Photo - Building Photo
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Floor Plan
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Contact

The Penny at Jackson Ward

2 W Marshall St
Richmond, VA 23220
(804) 441-7575
The Penny at Jackson Ward in Richmond, VA - Building Photo
  • Studio–2 Bedrooms
  • $1,201–$4,566Rent Pricing
  • 491–1,015Square Feet

Rent Specials

Zero Security Deposit Community powered by LeaseLock. Ask for details today!

Ask Us About Our Specials

About The Penny at Jackson Ward

The Penny, located at 2 W Marshall Street in historic Jackson Ward, is a brand-new luxury apartment building featuring pet-friendly studio, one bedroom, and two bedroom apartments. The Penny is where modern luxury living meets history. Located conveniently Downtown, this walkable neighborhood is convenient to VCU, restaurants, businesses, and more. The Penny offers city living with luxury amenities, including a rooftop terrace, fitness center, garage parking, bike racks, pool, and more. Each controlled access luxury apartment features contemporary kitchens, modern appliances, washer & dryer, blazing fast internet, and the open floorplans synonymous with modern living.

The Penny at Jackson Ward is located in the Jackson Ward Neighborhood and 23220 Zip code of Richmond, VA. This community is professionally managed by Gates, Hudson & Associates - Residential

Unique Features and Amenities

  • 24/7 package pickup
  • Bike Racks
  • Blazing Fast Internet Included
  • Built in Microwaves
  • Collection of Balconies and Private Terraces
  • Contemporary Kitchens
  • Courtyard Lounge Areas
  • Courtyard, Balcony or Rooftop Views
  • Designer Island Kitchens
  • Easy PULSE & GRTC accessibility
  • Efficient Appliances
  • Flexible, Short-Term Leasing Options
  • Gorgeous Kitchen Tile Backsplash
  • Housing Choice Voucher Program
  • Lavish Granite Countertops
  • Mobile Access Pass
  • Open Floor Plan Layouts
  • Patio/Balcony
  • Pet Friendly
  • Recessed and Pendant Lighting
  • Report Rent and Build Credit with IDIQ
  • Smoke Free Building
  • Stainless Appliances
  • Very Bikeable Score 89%
  • Walkability Paradise Score 97%
  • Wheelchair Access
  • Wifi Lounge Areas

See All Amenities

Property Contact Info

Floorplan Pricing and Availability

The Penny at Jackson Ward offers Studio to 2 Bedroom apartments starting from $1,201 and having 491–1,015 sq ft. Here is the current pricing and availability:

  • Studio

    From $1,201

    The Lena (L-A1)

    Studio, 1 Bath, 491 sq ftCheapest StudioThis is the cheapest Studio at this PropertyAvailable May 10

    Model Gallery

    Floorplans

    Availability Details

    PriceAvailability DateUnitSq Ft
    $1,201 May 10, 2025206491

    Model Amenities and Features

    Features

    • Balcony
    • Smoke Free
    • Washer/Dryer
    • Wi-Fi

    Kitchen

    • Granite Countertops
    • Kitchen
    • Microwave

    Unit 206 Rent and Fees

    Price

    • From $1,201

    Model Rent and Fees

    Price

    • $1,201 - $2,706

    From $1,236

    The Lena (L-B)

    Studio, 1 Bath, 538 sq ftAvailable May 29

    Model Gallery

    Floorplans

    Availability Details

    PriceAvailability DateUnitSq Ft
    $1,236 May 29, 2025521538

    Model Amenities and Features

    Features

    • Balcony
    • Smoke Free
    • Washer/Dryer
    • Wi-Fi

    Kitchen

    • Granite Countertops
    • Kitchen
    • Microwave

    Unit 521 Rent and Fees

    Price

    • From $1,236

    Model Rent and Fees

    Price

    • $1,236 - $2,752

    From $1,399

    The Lena (L-C)

    Studio, 1 Bath, 552 sq ftLargest StudioThis is the largest Studio at this PropertyAvailable Jun 6

    Model Gallery

    Floorplans

    Availability Details

    PriceAvailability DateUnitSq Ft
    $1,399 June 6, 2025329552

    Model Amenities and Features

    Features

    • Balcony
    • Smoke Free
    • Washer/Dryer
    • Wi-Fi

    Kitchen

    • Granite Countertops
    • Kitchen
    • Microwave

    Unit 329 Rent and Fees

    Price

    • From $1,399

    Model Rent and Fees

    Price

    • $1,399 - $2,489

  • 1 Bedroom

    From $1,300

    The Miles (M-J)

    1 Bed, 1 Bath, 641 sq ftCheapest 1 BedroomThis is the cheapest 1 Bedroom at this PropertyAvailable Now

    Model Gallery

    Floorplans

    Availability Details

    PriceAvailability DateUnitSq Ft
    $1,300Available Now112641

    Model Amenities and Features

    Features

    • Balcony
    • Smoke Free
    • Washer/Dryer
    • Wi-Fi

    Kitchen

    • Granite Countertops
    • Kitchen
    • Microwave

    Unit 112 Rent and Fees

    Price

    • From $1,300

    Model Rent and Fees

    Price

    • $1,300 - $2,677

    From $1,330

    The Ella (E-D)

    1 Bed, 1 Bath, 765 sq ftAvailable Now

    Model Gallery

    Floorplans

    Photos

    Availability Details

    PriceAvailability DateUnitSq Ft
    $1,350Available Now314765
    $1,330Available Now116765
    $1,350 April 20, 2025319765

    Model Amenities and Features

    Features

    • Balcony
    • Smoke Free
    • Washer/Dryer
    • Wi-Fi

    Kitchen

    • Granite Countertops
    • Kitchen
    • Microwave

    Model Rent and Fees

    Price Range

    • $1,330 - $2,905

    Rent Pricing

    • $1,330 - $2,803

    Unit 314 Rent and Fees

    Price

    • From $1,350

    Model Rent and Fees

    Price

    • $1,330 - $2,905

    Unit 116 Rent and Fees

    Price

    • From $1,330

    Model Rent and Fees

    Price

    • $1,330 - $2,905

    Unit 319 Rent and Fees

    Price

    • From $1,350

    Model Rent and Fees

    Price

    • $1,330 - $2,905

    From $1,460

    The Ella (E-E)

    1 Bed, 1 Bath, 771 sq ftAvailable Now

    Model Gallery

    Floorplans

    Availability Details

    PriceAvailability DateUnitSq Ft
    $1,460Available Now425771
    $1,480 April 4, 2025625771

    Model Amenities and Features

    Features

    • Balcony
    • Smoke Free
    • Washer/Dryer
    • Wi-Fi

    Kitchen

    • Granite Countertops
    • Kitchen
    • Microwave

    Model Rent and Fees

    Price Range

    • $1,460 - $3,035

    Rent Pricing

    • $1,460 - $3,035

    Unit 425 Rent and Fees

    Price

    • From $1,460

    Model Rent and Fees

    Price

    • $1,460 - $3,035

    Unit 625 Rent and Fees

    Price

    • From $1,480

    Model Rent and Fees

    Price

    • $1,460 - $3,035

    From $1,465

    The Ella (E-B)

    1 Bed, 1 Bath, 715 sq ftAvailable Now

    Model Gallery

    Floorplans

    Availability Details

    PriceAvailability DateUnitSq Ft
    $1,465Available Now320715

    Model Amenities and Features

    Features

    • Balcony
    • Smoke Free
    • Washer/Dryer
    • Wi-Fi

    Kitchen

    • Granite Countertops
    • Kitchen
    • Microwave

    Unit 320 Rent and Fees

    Price

    • From $1,465

    Model Rent and Fees

    Price

    • $1,465 - $2,944

    From $2,208

    The Ella Terrace

    1 Bed, 1 Bath, 1015 sq ftLargest 1 BedroomThis is the largest 1 Bedroom at this PropertyAvailable Apr 28

    Model Gallery

    Floorplans

    Availability Details

    PriceAvailability DateUnitSq Ft
    $2,208 April 28, 20256171015

    Model Amenities and Features

    Features

    • Balcony
    • Smoke Free
    • Washer/Dryer
    • Wi-Fi

    Kitchen

    • Granite Countertops
    • Kitchen
    • Microwave

    Unit 617 Rent and Fees

    Price

    • From $2,208

    Model Rent and Fees

    Price

    • $2,208 - $4,566

    From $1,410

    The Ella (E-C)

    1 Bed, 1 Bath, 724 sq ftAvailable May 9

    Model Gallery

    Floorplans

    Availability Details

    PriceAvailability DateUnitSq Ft
    $1,410 May 9, 2025424724

    Model Amenities and Features

    Features

    • Balcony
    • Smoke Free
    • Washer/Dryer
    • Wi-Fi

    Kitchen

    • Granite Countertops
    • Kitchen
    • Microwave

    Unit 424 Rent and Fees

    Price

    • From $1,410

    Model Rent and Fees

    Price

    • $1,410 - $2,923

    From $1,440

    The Ella (E-C1)

    1 Bed, 1 Bath, 764 sq ftAvailable Jun 5

    Model Gallery

    Floorplans

    Availability Details

    PriceAvailability DateUnitSq Ft
    $1,440 June 5, 2025622764

    Model Amenities and Features

    Features

    • Balcony
    • Smoke Free
    • Washer/Dryer
    • Wi-Fi

    Kitchen

    • Granite Countertops
    • Kitchen
    • Microwave

    Unit 622 Rent and Fees

    Price

    • From $1,440

    Model Rent and Fees

    Price

    • $1,440 - $2,503

    The Miles (M-A)

    1 Bed, 1 Bath, 526 sq ft 

    Model Gallery

    Floorplans

    Availability Details

    Availability DateUnitSq Ft
    UnavailableThe Miles (M-A)526 sq ft

    Model Amenities and Features

    Features

    • Balcony
    • Smoke Free
    • Washer/Dryer
    • Wi-Fi

    Kitchen

    • Granite Countertops
    • Kitchen
    • Microwave

    The Miles (M-C)

    1 Bed, 1 Bath, 573 sq ft 

    Model Gallery

    Floorplans

    Availability Details

    Availability DateUnitSq Ft
    UnavailableThe Miles (M-C)573 sq ft

    Model Amenities and Features

    Features

    • Balcony
    • Smoke Free
    • Washer/Dryer
    • Wi-Fi

    Kitchen

    • Granite Countertops
    • Kitchen
    • Microwave

    The Miles (M-L)

    1 Bed, 1 Bath, 671 sq ft 

    Model Gallery

    Floorplans

    Availability Details

    Availability DateUnitSq Ft
    UnavailableThe Miles (M-L)671 sq ft

    Model Amenities and Features

    Features

    • Balcony
    • Smoke Free
    • Washer/Dryer
    • Wi-Fi

    Kitchen

    • Granite Countertops
    • Kitchen
    • Microwave
    Show Unavailable Floorplans

  • 2 Bedrooms

    From $1,803

    The Louis (L-A)

    2 Beds, 2 Baths, 825 sq ftAvailable Now

    Model Gallery

    Floorplans

    Photos

    Availability Details

    PriceAvailability DateUnitSq Ft
    $1,813Available Now107825
    $1,903 April 6, 2025408825
    $1,803 May 19, 2025205825

    Model Amenities and Features

    Features

    • Balcony
    • Smoke Free
    • Washer/Dryer
    • Wi-Fi

    Kitchen

    • Granite Countertops
    • Kitchen
    • Microwave

    Model Rent and Fees

    Price Range

    • $1,803 - $3,535

    Rent Pricing

    • $1,803 - $3,423

    Unit 107 Rent and Fees

    Price

    • From $1,813

    Model Rent and Fees

    Price

    • $1,803 - $3,535

    Unit 408 Rent and Fees

    Price

    • From $1,903

    Model Rent and Fees

    Price

    • $1,803 - $3,535

    Unit 205 Rent and Fees

    Price

    • From $1,803

    Model Rent and Fees

    Price

    • $1,803 - $3,535

    From $1,888

    The Louis (L-C)

    2 Beds, 2 Baths, 894 sq ftAvailable Jun 22

    Model Gallery

    Floorplans

    Availability Details

    PriceAvailability DateUnitSq Ft
    $1,888 June 22, 2025428894

    Model Amenities and Features

    Features

    • Balcony
    • Smoke Free
    • Washer/Dryer
    • Wi-Fi

    Kitchen

    • Granite Countertops
    • Kitchen
    • Microwave

    Unit 428 Rent and Fees

    Price

    • From $1,888

    Model Rent and Fees

    Price

    • $1,888 - $3,567
Price shown is base rent and may not include non-optional fees and utilities. View Fees and Policies for details. Price, availability, fees, and any applicable rent special are subject to change without notice.

Schedule a Tour

Schedule a Tour
Call us at: (804) 441-7575 to schedule a tour.

Property Information

Pet Policy

Pet Policy - Dogs

  • Breed Restrictions
Ask Us About Our Pet Policy

Parking Fees & Info

Parking Covered Lot

  • Covered Lot

Fee & Deposit Info

One-Time Fees

  • $60 Application Fee

3D Tours

1BR,1BA,-765SF The Ella
2BR,2BA,-826SF, The Louis

Features and Amenities

On-Site Services

  • Maintenance On Site
  • Property Manager On Site

Community Features

  • Lounge
  • Elevator

Outdoor Features

  • Courtyard
  • Controlled Access
  • Patio

Recreation and Fitness

  • Fitness Center
  • Pool

Interior Features

  • Balcony
  • Washer/Dryer
  • Wi Fi
  • Smoke Free

Kitchen Amenities

  • Kitchen
  • Microwave
  • Granite Countertops

Living Area Features

  • High Ceilings
Ask About Our Amenities
Google Map

Map

2 W Marshall St, Richmond, VA 23220

Hours and Contact Info

Call Us - Open Now!
Currently Closed
By Appointment
(804) 441-7575
Monday9:00 am–5:30 pm
Tuesday9:00 am–5:30 pm
Wednesday11:00 am–5:30 pm
Thursday9:00 am–5:30 pm
Friday9:00 am–5:00 pm
Saturday9:00 am–4:00 pm
SundayClosed
Ask About Live Online Tours

Getting Around

Walk Score®

98 / 100

Walker’s Paradise

Daily errands do not require a car

Bike Score®

82 / 100

Very Bikeable

Biking is convenient for most trips

Transit Score®

63 / 100

Good Transit

Many 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 The Penny at Jackson Ward

Where is The Penny at Jackson Ward located?

The Penny at Jackson Ward is located at 2 W Marshall St near the Jackson Ward area of Richmond, VA

What is the current rent range at The Penny at Jackson Ward?

Studio to 2 Bedroom Apartments at The Penny at Jackson Ward currently range from $1,201 to $4,566

When is the leasing office open?

  • The office Hours for The Penny at Jackson Ward are
  • Monday 9:00 am–5:30 pm
  • Tuesday 9:00 am–5:30 pm
  • Wednesday 11:00 am–5:30 pm
  • Thursday 9:00 am–5:30 pm
  • Friday 9:00 am–5:00 pm
  • Saturday 9:00 am–4:00 pm
  • Sunday Closed

Are pets allowed?

Call us today to find out our pet policy and if we allow pets

Are there any rent specials?

The current rent special at The Penny at Jackson Ward is: Zero Security Deposit Community powered by LeaseLock. Ask for details today!.

Lifestyle Ratings

  • Luxury 3.2

    The Luxury rating shows you how this community's high end floorplan pricing relates to the local average.

    Rating Factors

    This 3.2-star Luxury rating is based on the following features:

    • Controlled Gate Access
    • Fitness Center
    • Balconies
    • Smoke Free Options
    • Granite Countertops
    • Maintenance on site
    • Elevator(s)
    • Swimming Pool(s)
    • High Ceilings
    • Property Manager on Site
    • Lounge
    • Courtyard
    • Washer/Dryer In Unit
    • Hi Speed Internet/Wi-Fi
    • Kitchens
    • Patios
    See more
    See less

  • Affordability Nice Value3.0

    The The Penny at Jackson Ward Apartments are 12.77% cheaper than the average apartment in the Jackson Ward area, and 13.87% cheaper than the average apartment city-wide.

    Rent Comparison to the Jackson Ward Neighborhood

    FloorplanLowest Price HereNeighborhood Avg RentNbhd Avg RentCost Difference%
    Studio$1,201$1,248-$47-3.8%
    1 Bedroom$1,300$1,608-$308-19.2%
    2 Bedroom$1,803$2,129-$326-15.3%

    Rent Comparison to the city of Richmond

    FloorplanLowest Price HereCity Average RentCost Difference%
    Studio$1,201$1,363-$162-11.9%
    1 Bedroom$1,300$1,651-$351-21.3%
    2 Bedroom$1,803$1,968-$165-8.4%

    Methodology: On 04/01/2025, ApartmentHomeLiving.com compared current rents by floorplan to 138 other apartment communities in the immediate area around The Penny at Jackson Ward (Jackson Ward), and 1660 other apartment communities in Richmond using today’s up-to-date pricing using the sum/count averaging formula. This data will be updated in real-time as prices fluctuate.

    Rent Pricing Data as of 04/01/2025

  • Transit Friendly 3.2

    Transit Friendly apartments feature a fantastic location and great access to local mass transit.

Learn more about Lifestyle Search

Renters Reviews and Ratings

4.9
3 Renters Reviews
ⓘ How is this Rating Determined?The property ratings on ApartmentHomeLiving.com are created using a 5-star scale that includes average renter review scores combined with building ratings to determine an overall blended property score.

Building ratings are based on a community’s features, including the building design, construction, exterior spaces, and amenities. To learn more about the CoStar Building Rating System, refer to our official guidelines here.

  • Loved the tour

    February 8, 2024
    The tour guide was very helpful at telling us all the details and showing us around

    • Property Manager Responded

      February 11, 2025
      Thank you for your five-star feedback, Sorybel! We hope you continue to enjoy your stay at The Penny at Jackson Ward. Please don't hesitate to contact the office if you need anything. We’re always happy to help!
    Review from Apartments.com

  • Great

    March 14, 2024
    Quick and even fixed something I wasn’t aware needed fixing.

    • Property Manager Responded

      April 10, 2024
      Thank you for your five-star review of The Penny at Jackson Ward! It's our pleasure to provide you and all residents with prompt, professional service!
    Review from Apartments.com

  • Horrible, do not recommend

    January 17, 2023
    I live at the Penny currently and throughly agree with the post below. Living at the Penny comes with unreasonable amounts of fees that for me were not disclosed prior to submitting application and moving in, ( parking fee, water fee with rent and a $20 no deposit fee). It is very expensive to live here and comes with horrible customer service, I have seen over 7 people come and go in the offices over a span of months. Parking is so full there is a lot of time no reasonable parking space ...
    available after paying $125.00 a MONTH to park. I would not recommend the Penny to anyone.

    • Property Manager Responded

      January 22, 2023
      Thank you for your feedback. We're sorry you've had an inconvenient experience at The Penny. We appreciate the opportunity to be more clear on all monthly fees, both optional and mandatory. While we currently mention this on our website, in move in documents, and the lease - but work to ensure our agents have clear conversations about this as well - and your feedback helps. We hope to earn your recommendation as we strive for 5-star service. We wish you the very best either way. Thank you for your time and energy to share.
    Read More
    Review from Apartments.com

Nearby Schools

George W. Carver Elementary

Richmond City Public Schools
1110 West Leigh Street
Public School - Grades PK-5 (420 Students)
In Attendance Zone2 minute drive / 0.7 miles away
1/10

Albert Hill Middle

Richmond City Public Schools
3400 Patterson Avenue
Public School - Grades 6-8 (453 Students)
In Attendance Zone5 minute drive / 2.5 miles away
2/10

Thomas Jefferson High

Richmond City Public Schools
4100 West Grace Street
Public School - Grades 9-12 (816 Students)
In Attendance Zone6 minute drive / 3.0 miles away
3/10
Contact Us About Nearby Schools
School data provided by GreatSchools.
details
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on scale of 1 (below average) and to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider needs as part of the school selection process.

About GreatSchools Data on ApartmentHomeLiving.com.

Points of Interest

Time and distance from The Penny at Jackson Ward.

Arts Museums and Landmarks

Museum of the Confederacy
1201 E Clay St
2 minute drive / 0.85 miles away
Shockoe Slip
12th and Main St
4 minute drive / 2.05 miles away
The Byrd Theater
2908 W. Cary St.
4 minute drive / 2.07 miles away

Big Box and Retail

Kroger
901 N Lombardy St
2 minute drive / 0.86 miles away
Walgreens
2924 Chamberlayne Ave
4 minute drive / 1.53 miles away
Aldi
927 Myers St
5 minute drive / 1.82 miles away

Colleges and Universities

Virginia Commonwealth University
910 West Frankiln Street
1 minute drive / 0.32 miles away
J. Sargeant Reynolds Community College - Downtown Campus
700 East Jackson Street
1 minute drive / 0.56 miles away
Virginia Union University
1500 N Lombardy St
3 minute drive / 1.02 miles away

Groceries

Kroger
901 N Lombardy St
2 minute drive / 0.86 miles away
Whole Foods
2024 W Broad St
3 minute drive / 1.29 miles away
Aldi
927 Myers St
5 minute drive / 1.82 miles away

Hospitals

Children's Hospital Of Richmond
2924 Brook Road
4 minute drive / 1.49 miles away
Bon Secours Richmond Community Hospital
1500 N. 28th Street
5 minute drive / 1.97 miles away
Bon Secours St. Mary's Hospital
5801 Bremo Rd
9 minute drive / 4.66 miles away

Military Bases

US Defense General Supply Center
18 minute drive / 8.8 miles away

Parks and Recreation

Hollywood Cemetary
412 S Cherry St
2 minute drive / 0.98 miles away

The Penny at Jackson Ward has 1 park within 1.0 miles, including Hollywood Cemetary.

Shopping Centers

Kroger Shops
711 N Lombardy St
2 minute drive / 0.9 miles away
Gannon Shopping Center
Route 360
3 minute drive / 1.12 miles away
The Shops at Cary & Lombardy
1524-1604 W Cary St
3 minute drive / 1.19 miles away

The Penny at Jackson Ward has 5 shopping centers within 1.4 miles.

Nearby Neighborhoods

Broad Street Commercial

Studio to 5 Bedroom Apartments from $756
View Rentals

Jackson Ward

Studio to 5 Bedroom Apartments from $756
View Rentals

Two Hundred Block West Franklin

Studio to 5 Bedroom Apartments from $756
View Rentals

Rental Price Ranges in the Area

BedroomAverage RentCheapest RentHighest Rent
Richmond Studio Apartments $1,363$715$4,524
Richmond 1 Bedroom Apartments $1,651$700$7,544
Richmond 2 Bedroom Apartments $1,968$832$10,000+
Richmond 3 Bedroom Apartments $2,490$879$10,000+
Richmond 4 Bedroom Apartments $1,188$756$7,250

Browse Top Apartments in Richmond

By Price

By Community Type

By Amenities

Viewing: The Penny at Jackson Ward | Desktop Version | Listing Updated: 03/31/2025 | AHLPLA