Cheap Apartments for Rent in the Monument Avenue Neighborhood of Richmond, VA from $800 (68 Rentals)

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

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2700 Idlewood Ave
Studio to 1 Bedroom Apartments

2700 Idlewood Ave

2700 Idlewood AveRichmond, VA 23220
  • Utilities Included
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Virginia Apartments
1 to 2 Bedroom Apartments

Virginia Apartments

2602-2608 Kensington AveRichmond, VA 23220
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3329 Cutshaw Ave
1 to 2 Bedroom Apartments

3329 Cutshaw Ave

3329 Cutshaw AveRichmond, VA 23230
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Eagle Mill Towers
1 to 2 Bedroom Apartments

Eagle Mill Towers

1414 W Marshall StRichmond, VA 23220
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MacTavish Flats
1 Bedroom Apartments

MacTavish Flats

1302 MacTavish AveRichmond, VA 23230
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The Stables
1 Bedroom Apartments

The Stables

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

Pine Court I

707 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 $1,192. 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$1,192
The Collection of Historic RichmondA3, A4 & A51BR,1BA$1,199
Southern Stove LoftsstudioStudio,1BA$1,275
The CarouselJumperStudio,1BA$1,325
The Cooperage1 Bedroom / 1 Bathroom: Flat1BR,1BA$1,328
The Scout Scotts Addition*The 1908 - Income Restricted*Studio,1BA$1,330
Todd LoftsOne Bedroom1BR,1BA$1,359
1523 W Cary StStudio AStudio,1BA$1,400
805W LoftsA41BR,1BA$1,450

Best Value Apartments for Rent in Monument Avenue, VA

As of April 29, 2025 the best value apartment in the Monument Avenue area is the $1.76 price per square foot The Ownby Model at The Westbrook Townhomes at Brewers Row in the in the Bellevue neighborhood starting from $3,080. The second greatest value Monument Avenue apartment is the 1714 W Cary St Model at 1714 W Cary St, Unit 4 starting at $2,900 with a $1.75 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 Ownby3BR,2.5BA$1.76
1714 W Cary St, Unit 41714 W Cary St2BR,2.5BA$1.75
The Ella Scotts AdditionThe Ray Jr2BR,2BA$1.85
River School Lofts1G1BR,1BA$1.79
Courtyard LoftsThe Diamond2BR,2BA$1.62
Kensington, Patterson Place and Grove AveKensington Place - Two Bedroom2BR,1BA$1.63
Iron House Apartments2 Bedroom 2 Bath2BR,2BA$1.96
Cookie Factory Lofts1 Bed/ 1.5 Bath1BR,1.5BA$1.81
1510 BellevilleA71BR,1BA$2.06
Todd LoftsOne Bedroom1BR,1BA$2.08

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Pet Friendly Lifestyle
Monument Avenue, Richmond, VA

Ranked #74

Among neighborhoods in Richmond, VA for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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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 $1,450.

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 $2,540.

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 83 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 $442 which is $2,098 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.

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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.

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Rise of Digital Nomads: Remote Work Tips for Apartment Renters

Written by: Brandie Parton

As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.

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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

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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.