Cheap Homes for Rent in Monument Avenue Neighborhood of Richmond, VA from $800 (10 Rentals)

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

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

Best Value Apartments for Rent in Monument Avenue, VA

As of April 09, 2025 the best value apartment in the Monument Avenue area is the $1.49 price per square foot The Mainline Model at The Westbrook Townhomes at Brewer's Row 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 Townhomes at Brewer's RowThe Mainline3BR,2.5BA$1.49
River School Lofts2A (RENO)2BR,1BA$1.73
Courtyard LoftsThe Diamond2BR,2BA$1.62
South Arthur2/12BR,1BA$1.80
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
Eagle Mill LoftsStudiosStudio ,1BA$2.24

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Frequently Asked Questions about Monument Avenue

What type of rentals are currently available in Monument Avenue?

There are currently 385 Apartments for Rent in Monument Avenue, VA with pricing that ranges from $955 to $11,150. There are also 54 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 $2,595.

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 $1,621 to $11,150, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,500 to $3,450. 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.

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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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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.

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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.

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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.