Cheap Homes for Rent in Monument Avenue Neighborhood of Richmond, VA from $800 (8 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 $1,159. 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
3425 Kensington Avenue1BR/1.0BA1BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
River School Lofts2A (RENO)2BR,1BA$1.73
1706 Floyd Ave, Unit B1706 Floyd Ave2BR,1BA$1.54
Kensington, Patterson Place and Grove AveKensington Place - Two Bedroom2BR,1BA$1.63
Cutshaw Apartments2BR/2.0BA2BR,2BA$1.88
3425 Kensington Avenue2BR/1.0BA2BR,1BA$1.58
GeorgetownMonument2BR,1BA$1.64
Iron House Apartments2 Bedroom 2 Bath2BR,2BA$1.84
3514 Park Ave.2BR/1.5BA2BR,1.5BA$1.65
Courtyard LoftsThe Leigh1BR,1BA$1.98
T and E Apartments1 Beds, 1 Baths1BR,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.

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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.