Apartments for Rent in Monroe Ward, Richmond, VA

What is the average rent for a 1-bedroom apartment in Monroe Ward, Richmond, VA?

One-bedroom apartments in Monroe Ward average around $1,300 per month in 2025, representing a 4.8% increase from the previous year. These units typically offer about 513 square feet of living space.

What is the average rent for a 2-bedroom apartment in Monroe Ward, Richmond, VA?

Two-bedroom apartments in Monroe Ward average around $1,700 per month in 2025, showing the largest year-over-year increase at 12.9%. These units provide approximately 792 square feet of space on average.

What is the average rent for a 3-bedroom apartment in Monroe Ward, Richmond, VA?

Three-bedroom apartments in Monroe Ward average around $2,400 per month in 2025, down 17.6% from the previous year. These larger units offer approximately 1,265 square feet of living space.

How much does it cost to rent an apartment in Monroe Ward, Richmond, VA?

Monroe Ward's rental market averaged around $1,500 per month across all property types in 2025, up 10.6% year over year. August sees the highest rents, about 7% higher than January, making early winter the most affordable time to rent.

What is the average apartment size in Monroe Ward, Richmond, VA?

Apartments in Monroe Ward average 671 square feet across all unit types. Studios are the most compact at 383 square feet, while three-bedroom units are the largest at approximately 1,265 square feet.

What type of apartment is most common in Monroe Ward, Richmond, VA?

One-bedroom apartments are the most common rental type in Monroe Ward, Richmond, with about 28 listings available monthly. Two-bedroom units follow as the second most available option with approximately 20 listings per month.

Why Monroe Ward, Richmond is a great place to live

We've analyzed data from the last few years to understand what makes Monroe Ward an attractive neighborhood for renters. Our findings suggest that this area excels in two key areas: social life and environmental sustainability.

For those prioritizing eco-friendliness, Monroe Ward stands out due to its emphasis on sustainable living. Many apartments feature non-toxic paint, waste recycling, and composting programs. The neighborhood also has a high walk score, numerous parks, and a strong transit system, making it easy to get around without a car. Additionally, some buildings incorporate rainwater harvesting, sustainable materials, and community solar projects, further reducing their environmental footprint.

Monroe Ward is also ideal for renters seeking an active social life. The neighborhood's high walk score, well-designed street infrastructure, and variety of restaurants create a vibrant atmosphere. With a strong focus on safety and frequent public transportation, residents can easily explore the area and connect with others.

What type of apartment is least common in Monroe Ward, Richmond, VA?

Studio apartments are the least common rental type in Monroe Ward, Richmond, with about 5 listings available monthly. Three-bedroom units are also relatively limited, averaging about 6 listings per month.