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Highlight reel

Highlights

  • Rent Special
  • Pet Friendly
  • Fitness center
  • Rooftop terrace
  • Modern appliances
  • Washer & dryer
  • Open floor plans
  • Luxury amenities

Location

2 West Marshall Street, Richmond, Virginia 23220, United States|Jackson Ward
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Tour The Penny at Jackson Ward

Contact

Management

Gates Hudson

Our team has verified this company

Leasing office

(804) 322-4929

Open today 

9:00 am–5:30 pm ET

Property Overview

The Penny at Jackson Ward earns a strong Zumper expert rating of 9.6, reflecting its competitive pricing and exceptional amenities, which include modern appliances and luxury features. With a perfect score for location, it offers residents easy access to popular points of interest, excellent transit options, and a vibrant social scene. Notably, the property promotes sustainability and wellness, making it an appealing choice for active lifestyles.

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

9.6
Excellent
Earning an outstanding 9.6 out of 10 overall rating, The Penny at Jackson Ward is a shining example of a what an exceptional rental property looks like. Most noteworthy, it excels at Amenities and Location—these two characteristics alone make this property an excellent choice for anyone seeking an elevated lifestyle with few trade-offs.

Things you’ll love

  • Middle school nearby
  • Elevator
  • Images Available

Great for

  • Work-from-home
  • Eco living
  • Social life

Floor plans

The Lena (L-B)Studio1 bath538 sqft$1,142 /mo1 unit available
The Lena (L-A1)Studio1 bath491 sqft$1,237 /mo1 unit available
The Lena (L-A)Studio1 bath490 sqft$1,247 /mo1 unit available
The Lena (L-C)Studio1 bath552 sqft$1,375–$1,399 /mo2 units available
The Miles (M-J)1 bed1 bath641 sqft$1,495 /mo1 unit available
The Ella (E-D)1 bed1 bath765 sqft$1,499–$1,600 /mo2 units available
The Ella (E-C)1 bed1 bath724 sqft$1,535 /mo1 unit available
The Miles (M-H)1 bed1 bath641 sqft$1,550 /mo1 unit available
The Miles (M-M)1 bed1 bath670 sqft$1,585 /mo1 unit available
The Ella (E-E)1 bed1 bath771 sqft$1,663 /mo1 unit available
The Ella (E-B)1 bed1 bath715 sqft$1,670 /mo1 unit available
The Louis (L-A)2 bed2 bath825 sqft$1,870 /mo1 unit available
The Louis (L-B)2 bed2 bath856 sqft$1,895 /mo1 unit available
The Miles (M-L)1 bed1 bath671 sqftAsk to join waitlistComing soon

Let's explore this property.

Amenities for The Penny at Jackson Ward

Apartment Amenities

BalconyHigh Ceiling
High CeilingsLavish Granite Countertop
Patio

Appliances

Built-in MicrowaveEfficient Appliances
In-Unit LaundryWasher and Dryer

Building

Cats OKControlled Access
Courtyard Lounge AreaDogs OK
ElevatorFitness Center
Open Floor Plan LayoutsResidents Lounge
Smoke Free BuildingWheelchair Accessible
Wifi Lounge Area

Grounds

Assigned ParkingBike Racks
Garage ParkingGate
Outdoor SpaceSwimming Pool

Services

24/7 Package PickupOn-Site Maintenance
On-Site ManagementPackage Service

Other

Blazing Fast Internet IncludedReport Rent and Build Credit with IDIQ
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

Parking Policy

Garage Parking

Dog Policy

Allowed

Cat Policy

Allowed

Questions about this property’s policies and fees?

Building details

Property details

Units167
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About The Penny at Jackson Ward

HomeApartments in RichmondJackson Ward The Penny at Jackson Ward

The Penny, located at 2 W Marshall Street in historic Jackson Ward, is a brand-new luxury apartment building featuring pet-friendly (some restrictions apply) studio, one bedroom, and two bedroom apartments. The Penny is where modern luxury living meets history. Located conveniently Downtown, this walkable neighborhood is convenient to VCU, restaurants, businesses, and more. The Penny offers city living with luxury amenities, including a rooftop terrace, fitness center, garage parking, bike racks, pool, and more. Each controlled access luxury apartment features contemporary kitchens, modern appliances, washer & dryer, blazing fast internet, and the open floor plans synonymous with modern living.


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.
9.6
/10
Excellent
Earning an outstanding 9.6 out of 10 overall rating, The Penny at Jackson Ward is a shining example of a what an exceptional rental property looks like. Most noteworthy, it excels at Amenities and Location—these two characteristics alone make this property an excellent choice for anyone seeking an elevated lifestyle with few trade-offs.
How we rated The Penny at Jackson Ward
Price·9A 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.
The Penny at Jackson Ward stands out with a remarkable rating of 9/10 for its cost per bedroom compared to other rentals in the area. Considering the excellent balance between price, convenience, and comfort that it provides, residents enjoy a high-quality living experience.
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.
The Penny at Jackson Ward 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·10A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
The Penny at Jackson Ward offers residents unparalleled convenience to popular points of interest, transportation, schools, and more, which provide an elevated quality of life. Communication with management is usually quick and easy, allowing for a more expedited application and renting process, saving you time and money.
Quality·10A 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.
The Penny at Jackson Ward has notable characteristics that give it an edge. It is a verified property that stands out from others nearby as an exceptional choice for renters looking for a specific lifestyle. Offering a combination of prestige, modernity, and tailored living experiences, residents can expect nothing short of excellence at The Penny at Jackson Ward.
Trustworthiness·9A 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 Penny at Jackson Ward has gone above and beyond to craft a useful, detailed description, demonstrating transparency and trustworthiness, and giving renters a clear picture of what to expect from the property and its management, so they can make an informed decision about whether the rental meets their needs.

The Penny at Jackson Ward is great for:

Work-from-home

  • High speed internet is an amenity
  • Common areas for meetings or remote work
  • 4 coworking spaces or cafes within 1 mile
  • Quiet environment with little noise pollution

Eco living

  • You can get around by foot in this area
  • Public transit available nearby
  • 48 parks within a mile

Social life

  • Areas nearby are accessible by walking
  • 331 restaurants within 1 mile of this property
  • The area has transit options
  • This community has public spaces on site, like fitness centers or pools

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 The Penny at Jackson Ward compares to other nearby properties.

Positives

Middle school nearby
There is a middle school 0.2 mile away
Elevator
Improved accessibility features
Images Available
There are at least 10 photos of this address
Outdoor space
Easy access to the outdoors
Package service
More secure storage for delivery

Considerations

Greater distance from grade schools
The nearest elementary school is farther than 1 mile away

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Rent trends in Jackson Ward

Studio apartments at The Penny at Jackson Ward cost about 1% more than the average rent price for studios in Jackson Ward.

1-bedroom apartments here are priced 5% higher than 1-bedrooms in Jackson Ward.

If you decide to upgrade your space, you can expect 2-bedrooms at The Penny at Jackson Ward to be 19% more than the average for similarly sized apartments in Jackson Ward.

Median rents as of Dec 13 2025.
Jackson Ward
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
A table of studio rental data trends in Jackson Ward
MonthMedian Rent
May 2024$1,050
June 2024$1,074
July 2024$1,034
August 2024$968
June 2025$1,195
September 2025$1,268
October 2025$1,157
November 2025$1,252
December 2025$1,244

Affordability calculator

Can I afford to live at 2 West Marshall Street?

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

$49,680/yr

With your selected rent-to-income ratio, you'd ideally want to make $49,680 annually to afford this studio median monthly rent price of $1,242.
For more information on rent affordability, visit our rent calculator.

Schools near The Penny at Jackson Ward

George W. Carver Elementary School

1110 w leigh st

richmond, VA, 23220

PK, K-5Public
C-

Maymont Pre-K Center

1211 s allen ave

richmond, VA, 23220

PKPublic

Amelia Street School

1821 amelia st

richmond, VA, 23220

PK, K-12Public
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Internet available near The Penny at Jackson Ward

Getting around Richmond near 2 West Marshall Street

Walking

8/10
No car? No problem. Everything you need is within a few blocks.

Driving

6/10
This area is close to freeways and has adequate parking options.

Cycling

6/10
Peddling isn’t a problem with cyclist-friendly streets and bikeable destinations.

Transit

7/10
Popular public transit options are just a short walk from this location.

Points of interest for 2 West Marshall Street, Richmond

Groceries

5/10
At least one supermarket within a 20-minute walk

Shopping

6/10
Several shops within walking distance

Cafes

6/10
Some cafés within a few minutes’ walk

Restaurants

7/10
Variety of restaurants within a few minutes' walk

Primary schools

8/10
At least one elementary school within a 15-minute walk

High schools

9/10
At least one high school within a 10-minute walk

Parks

7/10
Large amount of park space nearby

Nightlife

6/10
Several bars within a few minutes’ walk

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