
Cheap Homes for Rent in Monument Avenue Neighborhood of Richmond, VA from $800 (8 Rentals)
Search the lowest-cost Homes available for rent right now in the Monument Avenue area of Richmond.


3131 Hanover Ave

9 S Brunswick St

613 N Lombardy St

1333 W Broad St

3205 Idlewood Ave

800 W Cary St

10 S Laurel St
Monument Avenue, Richmond, VA Local Guide

How much does it cost to rent a home in Monument Avenue?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Monument Avenue 2 Bedroom Homes for Rent | $2,279 | $1,395 | $2,650 |
Monument Avenue 3 Bedroom Homes for Rent | $2,687 | $1,725 | $3,500 |
Monument Avenue 4 Bedroom Homes for Rent | $2,876 | $2,100 | $3,500 |
Monument Avenue 5 Bedroom Homes for Rent | $3,841 | $3,500 | $4,200 |
Monument Avenue 6 Bedroom Homes for Rent | $4,000 | $4,000 | $4,000 |
Browse Homes for Rent in this Neighborhood
There are currently 8 rentals with your search options within a 1 mile radius of the Monument Avenue Neighborhood of Richmond, VA.
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Monument Avenue, Richmond, VA Local Guide
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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. 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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Eagle Mill Lofts | 2bed 1bth | 2BR,1BA | $950 |
Guardian Place Apartments | S1 Guardian Place 1 | Studio,1BA | $1,159 |
3425 Kensington Avenue | 1BR/1.0BA | 1BR,1BA | $1,175 |
Best Value Apartments for Rent in Monument Avenue, VA
As of March 25, 2025 the best value apartment in the Monument Avenue area is the $1.73 price per square foot 2A (RENO) Model at River School Lofts in the in the Far West neighborhood starting from $2,110. The second greatest value Monument Avenue apartment is the 1706 Floyd Ave Model at 1706 Floyd Ave, Unit B starting at $1,850 with a $1.54 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
River School Lofts | 2A (RENO) | 2BR,1BA | $1.73 |
1706 Floyd Ave, Unit B | 1706 Floyd Ave | 2BR,1BA | $1.54 |
Kensington, Patterson Place and Grove Ave | Kensington Place - Two Bedroom | 2BR,1BA | $1.63 |
Cutshaw Apartments | 2BR/2.0BA | 2BR,2BA | $1.88 |
3425 Kensington Avenue | 2BR/1.0BA | 2BR,1BA | $1.58 |
Georgetown | Monument | 2BR,1BA | $1.64 |
Iron House Apartments | 2 Bedroom 2 Bath | 2BR,2BA | $1.84 |
3514 Park Ave. | 2BR/1.5BA | 2BR,1.5BA | $1.65 |
Courtyard Lofts | The Leigh | 1BR,1BA | $1.98 |
T and E Apartments | 1 Beds, 1 Baths | 1BR,1BA | $1.87 |
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Frequently Asked Questions about Monument Avenue
What type of rentals are currently available in Monument Avenue?
There are currently 386 Apartments for Rent in Monument Avenue, VA with pricing that ranges from $955 to $9,499. There are also 50 Single Family Homes for rent, Condos, and Townhome rentals currently available in Monument Avenue ranging from $895 to $4,200.
What is the current price range for Rental Homes in Monument Avenue?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Monument Avenue ranges from $895 to $4,200 with an average monthly rent of $2,828.
How much are larger Three and Four Bedroom Rentals in Monument Avenue?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Monument Avenue range from $1,100 to $7,150, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,725 to $3,500. Four Bedroom Single-Family rentals are also available starting from $2,100 and Four Bedroom Apartments start at $975.
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.

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.

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.

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.

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.