1 Day Ago
Highlights
- Off street parking
- Big living room
- Extra closet
Location
518 W Grace St, Richmond, VA 23220, USA|Monroe Ward
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Property Overview
518 W. Grace St. offers strong overall value with an 8.6/10 expert rating, combining competitive pricing and a high standard of quality, amenities, and trustworthiness. The property provides off-street parking, a big living room, and extra closet space, and ranks in the top value-for-money percentile locally. Its excellent location rating and proximity to numerous parks, venues, restaurants, and event hubs make it especially appealing for those who prioritize an active social life and convenient access to city amenities.
This summary uses Zumper’s proprietary data. “Zumper Expert Ratings,” “Things you’ll love,” and “Great for” are based on our internal analyses of market trends and renter insights.
Things you’ll love
Less expensive- Outdoor space
Great for
Social life
Floor plans
| 1BR/1.0BA | 1 bed | 1 bath | $995–$1,295 /mo | 5 units available | Charm and Character make this 1 bdrm Apartment a MUST SEE!! FEATURES - Hardwood Floors and Ceiling Fans Throughout - Appliances Gas Range Refrigerator Window A/C Unit (1) - Charming Archway off the Living Room - Gas Heat/Window A/C - Big Living Room - Off Street Parking $125 per month if available - Extra Closet - In the Heart of VCU!! - Convenient to Shops and Restaurants - Bus Stop and Parks in Walking Distance PLEASE NOTE: Due to current rental market conditions, there may be multiple applications submitted for this property. Please contact Pollard & Bagby for more information. CALL 804.643.9011 TODAY TO SCHEDULE AN APPOINTMENT TO SEE THIS HOME. FOR PROPERTIES THAT ARE APPLIED FOR BY VIEWING PHOTOS AND/OR A VIRTUAL TOUR ONLY, YOU WILL BE REQUIRED TO SIGN AN ADDENDUM DUE TO NOT VIEWING THE PROPERTY IN PERSON. $50.00 Application Fee (Per person 18 yrs old & older) $125.00 One time, non-refundable Lease Signing Admin Fee **All information deemed reliable, but not guaranteed* **Applicants understand that Pollard and Bagby are an Owner and Manager of some properties. These properties are notated accordingly** |
Let's explore this property.
Amenities for 518 W. Grace St.*
Apartment Amenities
| Air Conditioning | Balcony |
| Private Balcony | Trash |
| Water | Window A/C Unit |
Appliances
| Gas Range | Range |
| Refrigerator |
Building
| Sewer |
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.
Policies and fees
Applicants
Applicants
One-time.
Contact Property
REQUIRED FEES
Security Deposit
One-time. Refundable.
Contact Property
Building details
Property details
| Units | 10 |
|---|
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About 518 W. Grace St.*
Charm and Character make this 1 bdrm Apartment a MUST SEE!! FEATURES - Hardwood Floors and Ceiling Fans Throughout - Appliances Gas Range Refrigerator Window A/C Unit (1) - Charming Archway off the Living Room - Gas Heat/Window A/C - Big Living Room - Off Street Parking $125 per month if available - Extra Closet - In the Heart of VCU!! - Convenient to Shops and Restaurants - Bus Stop and Parks in Walking Distance PLEASE NOTE: Due to current rental market conditions, there may be multiple applications submitted for this property. Please contact Pollard & Bagby for more information. CALL 804.643.9011 TODAY TO SCHEDULE AN APPOINTMENT TO SEE THIS HOME. FOR PROPERTIES THAT ARE APPLIED FOR BY VIEWING PHOTOS AND/OR A VIRTUAL TOUR ONLY, YOU WILL BE REQUIRED TO SIGN AN ADDENDUM DUE TO NOT VIEWING THE PROPERTY IN PERSON. $50.00 Application Fee (Per person 18 yrs old & older) $125.00 One time, non-refundable Lease Signing Admin Fee **All information deemed reliable, but not guaranteed* **Applicants understand that Pollard and Bagby are an Owner and Manager of some properties. These properties are notated accordingly**
Zumper Expert Rating
Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
8.6
/10
Very GoodWith a solid 8.6 out of 10 overall, 518 W. Grace St.* is a great option for renters. While some aspects, like Trustworthiness, might not be as distinguished as other properties nearby, 518 W. Grace St.* has a number of attractive features—namely its Amenities— so you can be assured your rent will come with a high standard of living.
Price·8A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
Scoring a 8/10, 518 W. Grace St.* is a great option for renters looking for apartments in Monroe Ward. The rent is significantly lower than the median rent for the area, therefore this property is competitively priced for its location and its features. Residents here will find a home that meets their needs with few trade-offs.
Amenities·9A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
518 W. Grace St.* goes above and beyond to provide sought-after conveniences and desirable perks, including sewer. Renters looking for popular or luxurious features will find them here—and for that reason, 518 W. Grace St.* receives one of the highest amenities scores.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
518 W. Grace St.* is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·9A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
518 W. Grace St.* has a few standout characteristics that set it apart from similar properties nearby. Having both verified status and features that cater to discerning renters, this is a great option for renters looking for a specific and exceptional lifestyle.
Trustworthiness·8A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
The level of transparency this property provides distinguishes it as a great rental. With a high attention to detail and desirable features, renters can be sure they will get an accurate picture of their potential new home.
518 W. Grace St.* is great for:
Property highlights
We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.How 518 W. Grace St.* compares to other nearby properties.
Positives
- Less expensive
- The 1-bedrooms are cheaper than other similar listings nearby
- Outdoor space
- Easy access to the outdoors
Considerations
- Lacks images
- Fewer than 10 photos available for this location
- No in-unit dishwasher
- Dishwashers aren't available
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Rent trends in Monroe Ward
1-bedroom apartments at 518 W. Grace St.* cost about 17% less than the average rent price for 1-bedroom apartments in Monroe Ward.
Median rents as of Apr 25 2026.
Monroe Ward
Richmond
| Month | Median Rent |
|---|---|
| May 2024 | $1,265 |
| June 2024 | $1,253 |
| July 2024 | $1,256 |
| August 2024 | $1,246 |
| September 2024 | $1,241 |
| October 2024 | $1,284 |
| November 2024 | $1,297 |
| December 2024 | $1,320 |
| January 2025 | $1,303 |
| February 2025 | $1,288 |
| March 2025 | $1,268 |
| April 2025 | $1,255 |
| May 2025 | $1,248 |
| June 2025 | $1,270 |
| July 2025 | $1,250 |
| August 2025 | $1,252 |
| September 2025 | $1,284 |
| October 2025 | $1,296 |
| November 2025 | $1,285 |
| December 2025 | $1,272 |
| January 2026 | $1,250 |
| February 2026 | $1,230 |
| March 2026 | $1,250 |
| April 2026 | $1,276 |
| Month | Median Rent |
|---|---|
| May 2024 | $1,128 |
| April 2025 | $1,155 |
| May 2025 | $1,155 |
| July 2025 | $1,252 |
| August 2025 | $1,286 |
| September 2025 | $1,200 |
| October 2025 | $1,156 |
| November 2025 | $1,100 |
| December 2025 | $1,100 |
| February 2026 | $1,299 |
Affordability calculator
Can I afford to live at 518 W Grace St?
Bedrooms
1 bedroomRent-to-income ratio
30%
Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income
$39,800/yr
With your selected rent-to-income ratio, you'd ideally want to make $39,800 annually to afford this 1-bedroom monthly rent price of $995.
For more information on rent affordability, visit our rent calculator.
Schools near 518 W. Grace St.*
William Fox Elementary School
2300 hanover ave
richmond, VA, 23220
PK, K-5Public
B+
Maymont Pre-K Center
1211 s allen ave
richmond, VA, 23220
PKPublic
Amelia Street School
1821 amelia st
richmond, VA, 23220
PK, K-12Public
Martin Luther King Jr. Early Learning Center
900 mosby st
richmond, VA, 23223
PKPublic
Summer Hill Preschool Center
2717 alexander ave
richmond, VA, 23234
PKPublic
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Internet available near 518 W. Grace St.*
Getting around Richmond near 518 W Grace St
Walking
8/10
No car? No problem. Everything you need is within a few blocks.
Driving
6/10
This area is accessible to thoroughfares and has ample parking options.
Cycling
6/10
More spots are within biking distance and some roads are cyclist-friendly.
Transit
6/10
Frequent public transit options are within walking distance.
Points of interest for 518 W Grace St, Richmond
Groceries
7/10
At least one supermarket within a 15-minute walk
Shopping
4/10
Several shops within walking distance
Cafes
6/10
Some cafés within a few minutes’ walk
Restaurants
8/10
Variety of restaurants within a few minutes' walk
Primary schools
8/10
At least one elementary school within a 15-minute walk
High schools
8/10
At least one high school within a 15-minute walk
Parks
7/10
Large amount of park space nearby
Nightlife
6/10
Several bars within a few minutes’ walk
Explore the area around 518 W Grace St
Market Place Holdings
1301 W Broad St
Lombardy Market
201 N Lombardy St
Kroger
901 N Lombardy St
Tiger Market
200 W Hill St
Whole Foods Market
2024 W Broad St
Tom James
406 W Franklin St
Verdalina
325 W Broad St
Rumors
723 W Broad St
Blue Sage Bridal LLC
20 E Main St
Shakoor's Merchandise
319 N 2nd St
Lift Coffee Shop & Cafe
218 W Broad St
The Coffee Bar
201 W Broad St
Lab By Alchemy Coffee
814 W Broad St
Dunkin'
900 W Broad St
Tropical Smoothie Cafe
929 W Broad St
Byrdhouse
301 W Franklin St
Maple & Pine Restaurant
201 W Broad St
Q Rooftop Bar
201 W Broad St
Bar Solita
123 W Broad St
TJ's Restaurant & Lounge
101 W Franklin St
Pies & Cakes Bakery
701 W Clay St
Mo's Sweet Minis
902 W Broad St
Einstein Bros Bagels
810 Cathedral Pl
Roots Natural Kitchen
939 W Grace St
Kroger Bakery
901 N Lombardy St
Monroe Park
Abner Clay Park
Maggie L. Walker
Gimbles Hill Park
Calhoun Recreation Area
Nuvegan Cafe
417 W Grace St
Elegant Cuizines
415 W Grace St
Jimmy John's
520 W Franklin St
Domino's
111 N Belvidere St
Brookfield
301 W Franklin St
Broad / Henry
Broad Street, Cary / Maymont, Highland Park / U.S. 1 / Harwood, Hermitage / East Main
Belvidere / Franklin
Highland Park / U.S. 1 / Harwood
Broad / Henry
Cary / Maymont, Hermitage / East Main, Broad Street
Belvidere / Franklin
Highland Park / U.S. 1 / Harwood, Grove
Main / Monroe
Cary / Main / Whitcomb
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