Zumper

OFFER:

$1000 off 1 bedroom vacant available apartments, lease must begin by Dec 30th

modified
1 Hour Ago

Highlights

  • Rent Special
  • Pet Friendly

Location

5001 Libbie Mill East Blvd #Suite 120, Richmond, VA 23230, USA
Hi! Let’s figure out if this property is right for you.

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Contact

Management

Gumenick Properties

Leasing office

(844) 243-9656 ext. 4479

Open 

Friday 9:00 am–6:00 pm ET

Property Overview

Penstock Quarter Apartments receives a strong overall Zumper expert rating of 8.3, highlighting its competitive pricing and exceptional amenities, rated 10 out of 10. It excels in location with a score of 9, offering residents excellent access to key services and recreational options. Additionally, the property boasts diverse opportunities for fitness, remote work, and social engagement, alongside a trustworthiness rating of 8, ensuring transparency in its offerings.

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.

Zumper Expert Rating

8.3
Very Good
With a solid 8.3 out of 10 overall, Penstock Quarter Apartments is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, Penstock Quarter Apartments has a number of attractive features—namely its Amenities— so you can be assured your rent will come with a high standard of living.

Things you’ll love

  • Less expensive
  • Elevator
  • Images Available

Great for

  • Social life
  • Work-from-home
  • Wellness

Floor plans

S5Studio1 bath484 sqft$1,448 /mo1 unit available
S1Studio1 bath455 sqft$1,501 /mo1 unit available
A11 bed1 bath594 sqft$1,369 /mo1 unit available
A21 bed1 bath610 sqft$1,417–$1,519 /mo10 units available
A31 bed1 bath614 sqft$1,427–$1,499 /mo3 units available
A41 bed1 bath617 sqft$1,513 /mo2 units available
A51 bed1 bath648 sqft$1,532–$1,614 /mo5 units available
A61 bed1 bath700 sqft$1,594 /mo1 unit available
A71 bed1 bath730 sqft$1,619–$1,694 /mo3 units available
B12 bed1 bath902 sqft$2,393–$2,408 /mo2 units available

Let's explore this property.

Amenities for Penstock Quarter Apartments

Apartment Amenities

BalconyGranite Countertops
Large ClosetsPatio
Walk-in ClosetWindow Coverings

Appliances

In-Unit LaundryStackable Washer and Dryer Included
Stainless Steel Appliances

Building

Business CenterCats OK
ClubhouseControlled Access
Dogs OKElevator
Fitness CenterOnsite Laundry
Residents LoungeRoof Deck

Grounds

Assigned ParkingBike Racks
CourtyardGarage Parking
GateLibbie Mill Dog Park
Outdoor SpacePet Wash Station
PlaygroundStorage
Swimming Pool

Services

On-Site MaintenanceOn-Site Management
Package ServiceRecycling
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

Application Fee

One-time. Agent application fee.

Contact Property

REQUIRED FEES

Security Deposit

One-time. Refundable.

Contact Property

OPTIONAL FEES

Parking Policy

Garage Parking

Dog Policy

Allowed
Limit2

Cat Policy

Allowed
Limit2

Cat

Pet Rent

Monthly. 2 cats max. We have NO breed or weight restrictions! First pet $400 One Time Fee and $35 per month. Second pet $200 additional One Time Fee and $10 additional per month. | Restrictions: None.

$35

Pet Fee

One-time fee per pet.

$400

Dog

Pet Rent

Monthly. 2 dogs max. We have NO breed or weight restrictions! First pet $400 One Time Fee and $35 per month. Second pet $200 additional One Time Fee and $10 additional per month. | Restrictions: None.

$35

Pet Fee

One-time fee per pet.

$400

Questions about this property’s policies and fees?

Building details

Property details

Units327
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About Penstock Quarter Apartments

HomeApartments in Richmond Penstock Quarter Apartments

Penstock Quarter Apartments cost $1,369–$3,006 per month. A couple amenities for this apartment building include but are not limited to: residents lounge and elevator. Located at 5001 Libbie Mill East Blvd #Suite 120, Richmond, VA 23230, USA, Penstock Quarter Apartments has studio — 2 bedroom units available. Based on the average rent price of 2 bedrooms in Richmond, renting an apartment at Penstock Quarter Apartments is 94% more expensive per month.Other apartment buildings in or around Richmond include but are not limited to: 311 Karl Linn Drive, 823 East Main Street, 629 East Main Street, 10253 Lakeridge Square Court


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.
8.3
/10
Very Good
With a solid 8.3 out of 10 overall, Penstock Quarter Apartments is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, Penstock Quarter Apartments has a number of attractive features—namely its Amenities— so you can be assured your rent will come with a high standard of living.
How we rated Penstock Quarter Apartments
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, Penstock Quarter Apartments is a great option for renters looking for apartments in this neighborhood. 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·10A 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.
Penstock Quarter Apartments stands out as a premier property with an impressive array of amenities and an excellent standard of living. Residents here have access to many of the most popular and desired perks—pets allowed—making this one of the top choices for renters seeking unparalleled comfort and convenience.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
Penstock Quarter Apartments 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·6A 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.
While Penstock Quarter Apartments does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
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.

Penstock Quarter Apartments is great for:

Social life

  • Areas nearby are accessible by walking
  • Community gathering spaces on-site (lounges, rooftops, etc.)
  • Diverse age groups live in this area
  • This community has public spaces on site, like fitness centers or pools

Work-from-home

  • 6 office supply stores within 1 mile
  • Common areas for meetings or remote work
  • Quiet environment with little noise pollution
  • 2 internet service provider options nearby

Wellness

  • On-site fitness center or gym
  • On-site pool or spa
  • 25 sports facilities (like tennis courts) nearby
  • This property has patios or balconies for fresh air

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 Penstock Quarter Apartments compares to other nearby properties.

Positives

Less expensive
The 2-bedrooms are cheaper than other similar listings nearby
Less expensive
The 1-bedrooms are cheaper than other similar listings nearby
Elevator
Improved accessibility features
Images Available
There are at least 10 photos of this address
Laundry available on site
Washers and dryers are available in-building or in-unit
Package service
More secure storage for delivery
Walk-in closet
More closet space on average

Considerations

Greater distance from high schools
The nearest high school is farther than 1 mile away
Greater distance from middle schools
The nearest middle school is farther than 2 miles away
No in-unit dishwasher
Dishwashers aren't available

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Rent trends in Richmond

Studio apartments at Penstock Quarter Apartments cost about 15% more than the average rent price for studios in Richmond.

1-bedroom apartments here are priced 3% higher than 1-bedrooms in Richmond.

If you decide to upgrade your space, you can expect 2-bedrooms at Penstock Quarter Apartments to be 55% more than the average for similarly sized apartments in Richmond.

Median rents as of Dec 13 2025.
Richmond
A table of studio rental data trends in Richmond
MonthMedian Rent
December 2023$1,240
January 2024$1,248
February 2024$1,239
March 2024$1,216
April 2024$1,238
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$1,264

Affordability calculator

Can I afford to live at 5001 Libbie Mill East Blvd #Suite 120?

Bedrooms

Rent-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

$58,980/yr

With your selected rent-to-income ratio, you'd ideally want to make $58,980 annually to afford this studio median monthly rent price of $1,474.
For more information on rent affordability, visit our rent calculator.

Schools near Penstock Quarter Apartments

Johnson Elementary School

5600 bethlehem rd

richmond, VA, 23230

PK, K-5Public
C
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Internet available near Penstock Quarter Apartments

Neighborhood

NEIGHBORHOOD VIBE
Peaceful and quiet
Noise-canceling headphones not required in this mostly noise free area.

Getting around Richmond near 5001 Libbie Mill East Blvd #Suite 120

Walking

6/10
Some shops and stores are within a few minutes.

Driving

10/10
Commuting is easy with multiple accessible routes and plenty of parking.

Points of interest for 5001 Libbie Mill East Blvd #Suite 120, Richmond

Groceries

9/10
At least one grocery store within a few minutes' walk

Shopping

5/10
Variety of shops within walking distance

Cafes

4/10
Few or no cafés within walking distance

Restaurants

5/10
Some restaurants within walking distance

Primary schools

3/10
No elementary schools within a 30-minute walk

High schools

3/10
No high schools within a 30-minute walk

Parks

4/10
Limited amount of park space nearby

Nightlife

2/10
Few or no bars within walking distance

Explore the area around 5001 Libbie Mill East Blvd #Suite 120

Europa Food Market LLC
5243 W Broad St
Kroger
1601 Willow Lawn Dr
Ukrop's Homestyle Foods
2001 Maywill St
Happy Mart
6006 W Broad St
Lidl
4700 W Broad St

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