Last updated on July 12, 2026

Average rent in
Monument Avenue Park, Richmond, VA

Median rent

Median rent in Monument Avenue Park

$2,233/mo

decreased by31%

vs previous year

The average rent in Monument Avenue Park is $2,233 per month as of July 2026. This is 15% above the national average rent, or $283 more per month.

$2.45

average price per square foot

Total rentals

Available rentals in Monument Avenue Park

16

for rent on Zumper.com as of July 2026

Rent price distribution

Share of Monument Avenue Park rentals at each price point

40%30%20%10%0%
$0 - $750
$751 - $1,500
$1,501 - $2,250
$2,251 - $3,000
$3,001+

Rent trends in Monument Avenue Park, Richmond, VA

Average rent prices in Monument Avenue Park have increased by 6% over the last month and have decreased by 31% since last year.

Rent trends

Rent prices on this page are calculated on a rolling 30-day basis and updated daily.

Compare rent prices in Monument Avenue Park, Richmond, VA

Rent prices in Monument Avenue Park vary by bedroom size, rental type, and neighborhood. The average rent for an apartment in Monument Avenue Park is $1,846, whereas a house costs $2,797. 1-bedroom apartments in Monument Avenue Park run $1,871 on average, while 2-bedroom apartments are $2,682.

Listings

Studio

$1,600

-

-

1 bedroom

$1,871

-

-

2 bedroom

$2,344

No Change

-

3 bedroom

$2,875

7%

19%

4 bedroom

$3,500

4%

6%

Studio

Average rent

$1,600

1 bedroom

Average rent

$1,871

2 bedroom

Average rent

$2,344

3 bedroom

Average rent

$2,875

Last 30 days

7%

Last year

19%

4 bedroom

Average rent

$3,500

Last 30 days

4%

Last year

6%

The table above reflects average rent prices in Monument Avenue Park, Richmond, VA, broken down by the number of bedrooms, neighborhoods, and property types. The availability of data for each category is dependent on market inventory and will adjust depending on your selected filters.

How does rent in Monument Avenue Park, Richmond, VA compare to other neighborhoods?

Compare median rent prices in Monument Avenue Park and Malvern Gardens by all bedroom counts and property types.

Monument Avenue Park

Median rent price$2,233
increased by15%

higher than the national median

Median rent price$1,697
decreased by13%

lower than the national median

Takeaway

The median rent for all rentals in Monument Avenue Park, Richmond, VA is 32% higher than the median rent in Malvern Gardens, Richmond, VA.

Discover rentals in Monument Avenue Park, Richmond, VA

4707 Fitzhugh Ave - Photo 1 of 1

5d+ ago

Monument Avenue Park house for rent in Richmond

3 beds

1 bath

$2,800

House for rent

Available Jul 15

4808 Fitzhugh Ave #1 - Photo 1 of 1

5d+ ago

Monument Avenue Park house for rent in Richmond

Fitzhugh Ave 4808 - 1

4808 Fitzhugh Ave #1, Richmond, VA 23230

2 beds

2 baths

$2,400

House for rent

Available May 29

Stay up to date with rental market insights

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Frequently asked questions for Monument Avenue Park, Richmond, VA

Quick answers to common questions about the Monument Avenue Park rental market.

How much is rent in Monument Avenue Park?

The average rent in Monument Avenue Park is $2,233 per month as of July 11, 2026.

Is rent up or down in Monument Avenue Park?

Average rent prices in Monument Avenue Park have increased by 6% over the last month and have decreased by 31% since last year.

How does Monument Avenue Park rent compare to the national average?

Rent in Monument Avenue Park is 15% above the national average, which means renters are paying approximately $283 more per month.

What salary do I need to afford rent in Monument Avenue Park?

To comfortably afford rent in Monument Avenue Park, you'd need to earn approximately $89,000/year, based on spending no more than 30% of your income on rent.

Methodology

Rent prices are based on Zumper's rental listings from the past 30 days. Median rent is calculated across all available listings and property types on the platform. If you filter the page by bedroom count or property type, the pricing throughout the page will update automatically to reflect that segment of the rental market.

Household and population data come from the U.S. Census Bureau. Cost-of-living data is sourced from the Council for Community and Economic Research's Cost of Living Index (COLI).

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