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Updated 3 minutes ago

Monroe Park Towers Apartments


520 W Franklin St Richmond, VA

1 - 2 Bed
•
1 Bath

630 - 760 Sq. Ft.

Available starting Dec. 1st
Floor plans
Studio • 1 Bath
$1,164 - $1,211
485 ft2
0 Available
Managed By: Monroe Park Towers
1-1701
$1,211
Rented
View
1-1101
$1,197
Rented
View
1-0301
$1,197
Rented
View
1-1501
$1,197
Rented
View
1-0501
$1,197
Rented
View
1-0601
$1,164
Rented
View
1-0801
$1,197
Rented
View
1-0701
$1,197
Rented
View
1-0901
$1,197
Rented
View
1-1001
$1,197
Rented
View
Studio • 1 Bath
$1,163 - $1,268
451 ft2
0 Available
Managed By: Monroe Park Towers
1-0806
$1,195
Rented
View
1-0306
$1,163
Rented
View
1-0906
$1,268
Rented
View
1-1106
$1,164
Rented
View
1-1506
$1,164
Rented
View
1-1406
$1,164
Rented
View
1-1903
$1,164
Rented
View
1-0606
$1,164
Rented
View
1 Bed • 1 Bath
$1,349
630 ft2
1 Available
Managed By: Monroe Park Towers
1-0608
$1,349
Available Dec 1st, 2026
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2 Beds • 1 Bath
$1,750
760 ft2
1 Available
Managed By: Monroe Park Towers
1-0604
$1,750
Available Dec 1st, 2026
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3 Beds • 2 Bath
$2,175 - $2,582
1390 ft2
0 Available
Managed By: Monroe Park Towers
1-1902
$2,582
Rented
View
1-1901
$2,400
Rented
View
1-1905
$2,400
Rented
View
1-1805
$2,175
Rented
View
Where you'll live
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Monroe Park Towers Apartments
Monroe Park Towers Apartments
Monroe Park Towers Apartments
Location ratings
Walk Score®
95
Walker's Paradise
Transit Score®
59
Good Transit
Bike Score®
83
Very Bikeable
Fees & leasing info
Pets
Cats Ok
Lease & Fees
Security Deposit: $0
Property details
Additional Details
Total Unit Count: 180
Last Updated: Updated 3 minutes ago
Contact Number: (804) 644-8659
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Photos Floor Plans
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Affordability
To comfortably afford an apartment, we recommend having at least three times your monthy rent in gross household income.
View suggested annual incomes for Monroe Park Towers Apartments by bedroom type below.
1 Bedroom
Suggested income:
$48,600
per year
2 Bedroom
Suggested income:
$63,000
per year
Rent report

Monroe Park Towers Apartments Rent vs. Richmond Average

 Monroe Park Towers Apartments      Richmond Average
1BR
$1,349
$1,456
$0
$500
$1,000
$1,500
$2,000
2BR
$1,750
$1,694
$0
$600
$1,200
$1,800
$2,400

Monroe Park Towers Apartments is asking 7% less than the average 1 bedroom apartment in Richmond.

If you upsized to an average priced Richmond 2 bedroom apartment, you would pay 14% more per month.

If you downsized to an average priced Richmond studio apartment, you would pay 13% less per month.

Monroe Park Towers Apartments provides 9% less square footage than the average Richmond 1 bedroom apartment.

Monthly Rent Rent per Sq. Ft. Suggested
Monthly Income
Monroe Park Towers Apartments
1BR $1,349 $2.10 $4,047
2BR $1,750 $2.30 $5,250
Richmond Average
Studio $1,293 $2.50 $3,879
1BR $1,456 $2.10 $4,367
2BR $1,694 $1.80 $5,083
3BR $2,034 $1.60 $6,101
4BR $2,546 $1.70 $7,637

Availability in Richmond

In order to find the best deal, you need to know what types of units are available. Property managers may be willing to give concessions if they have many vacant units.

There are currently 951 1BR units on the market in Richmond. If you're looking to negotiate, this may be your best option.

Studio
1BR
2BR
3BR
4BR
4% 44% 39% 12% 1%
Available Units in Richmond
Studio 97
1BR 951
2BR 854
3BR 254
4BR 29
Location
Nearby College

Virginia Commonwealth University

FAQs
Is this property currently leasing units?
Yes. There are 2 available units at this property.
How many units are move-in ready in the next 2 months?
This property has 2 units available for move-in over the next 2 months. The soonest move-in date is December 01, 2026.
What's the square footage of the available units?
The available units range from 630 to 760 square feet.
Does this property allow cats or dogs?
This property allows tenants to keep cats.
How many bedrooms are in the available units?
There are 1 and 2 bedroom units available.
How many bathrooms are in the available units?
There are 1 bathroom units available.
What's the monthly rent at this property?
Rent on available units ranges from $1,349 to $1,750. Monroe Park Towers Apartments has 1 bedroom units available starting at $1,349 and 2 bedroom units available starting at $1,750.
Where is this property located?
This property is at 520 W Franklin St in Richmond, VA. It's 0.7 miles east from the center of Richmond.
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