Cheap Apartments for Rent in the Monument Avenue Neighborhood of Richmond, VA from $800 (73 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
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
2700 Idlewood Ave
Studio to 1 Bedroom Apartments

2700 Idlewood Ave

2700 Idlewood AveRichmond, VA 23220
  • 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
Eagle Mill Towers
1 to 2 Bedroom Apartments

Eagle Mill Towers

1414 W Marshall StRichmond, VA 23220
  • Utilities Included
close
View Me
MacTavish Flats
1 Bedroom Apartments

MacTavish Flats

1302 MacTavish AveRichmond, VA 23230
  • Utilities Included
close
View Me
1318 W. Broad St.
1 to 3 Bedroom Apartments

1318 W. Broad St.

1318-1320 W Broad StRichmond, VA 23220
close
View Me
Pine Court Apartments III
Studio to 3 Bedroom Apartments

Pine Court Apartments III

723-725 W Cary StRichmond, VA 23220
Student Housing
  • 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 2 Beds unit found at Eagle Mill Lofts priced from $950. Guardian Place Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $1,159. Here are the most affordable Monument Avenue apartments for rent in Richmond, VA:

Apartment ListingModel NameBed/BathPriced From
Eagle Mill Lofts2bed 1bth2BR,1BA$950
Guardian Place ApartmentsS1 Guardian Place 1Studio,1BA$1,159
The Collection of Historic RichmondA3, A4 & A51BR,1BA$1,199
Southern Stove Loftsstudio1BR,1BA$1,250
Cookie Factory LoftsStudioStudio,1BA$1,300
The CarouselJumperStudio,1BA$1,300
The Scout Scott's Addition*The 1908 - Income Restricted*Studio,1BA$1,330
805W LoftsA41BR,1BA$1,350
Scotts Edge1BR-3221BR,1BA$1,368
3514 Park Ave.2BR/1.5BA2BR,1BA$1,395

Best Value Apartments for Rent in Monument Avenue, VA

As of April 08, 2025 the best value apartment in the Monument Avenue area is the $1.49 price per square foot The Mainline Model at The Westbrook at Brewers Row Townhomes in the in the Bellevue neighborhood starting from $3,250. The second greatest value Monument Avenue apartment is the 2A (RENO) Model at River School Lofts starting at $2,110 with a $1.73 price per square foot in the Far 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 at Brewers Row TownhomesThe Mainline3BR,2.5BA$1.49
River School Lofts2A (RENO)2BR,1BA$1.73
Courtyard LoftsThe Diamond2BR,2BA$1.62
3220 W Franklin St, Unit B3220 W Franklin St2BR,1BA$1.66
Iron House Apartments2 Bedroom 2 Bath2BR,2BA$1.84
3514 Park Ave.2BR/1.5BA2BR,1.5BA$1.65
1510 BellevilleA71BR,1BA$2.06
The Gallery Midtown ApartmentsRenovated Grove1BR,1BA$2.01
SYMBOL Scott's AdditionThe Signature1BR,1.5BA$2.25
Eagle Mill LoftsStudiosStudio ,1BA$2.24

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 #76

Among neighborhoods in Richmond, VA 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 $1,395.

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 $1,125, while the average apartment in Monument Avenue costs $2,650.

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 101 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 $413 which is $2,237 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 Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

decorative image for Renting Smart: Lease Basics Every Renter Needs article

Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

decorative image for Battling the Butts: Your Guide to the Reality of Smoke-Free Renting article

Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.

decorative image for How Your Move-In Inspection Can Protect Your Security Deposit article

How Your Move-In Inspection Can Protect Your Security Deposit

Written by: Christine Leonard, Esq.

If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.