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Updated 25 minutes ago

Monroe Park Towers Apartments


520 W Franklin St Richmond, VA

Studio - 2 Bed
•
1 Bath

485 - 760 Sq. Ft.

Available Now
Floor plans
Studio • 1 Bath
$1,164 - $1,197
485 ft2
6 Available
Managed By: Monroe Park Towers
1-0501
$1,197
Available Now
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1-0601
$1,164
Available May 15th, 2026
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1-0801
$1,197
Available May 15th, 2026
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1-0701
$1,197
Available May 15th, 2026
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1-0901
$1,197
Available Jun 1st, 2026
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1-1001
$1,197
Available Jun 1st, 2026
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1 Bed • 1 Bath
$1,399
630 ft2
5 Available
Managed By: Monroe Park Towers
1-0402
$1,399
Available Now
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1-0405
$1,399
Available Now
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1-0505
$1,399
Available Now
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1-1411
$1,399
Available Now
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1-0708
$1,399
Available Jun 1st, 2026
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View Rented Units
1 Bed • 1 Bath
$1,364
593 ft2
1 Available
Managed By: Monroe Park Towers
1-0712
$1,364
Available Now
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2 Beds • 1 Bath
$1,575 - $1,750
760 ft2
6 Available
Managed By: Monroe Park Towers
1-0603
$1,575
Available Now
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1-1503
$1,575
Available Now
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1-1604
$1,575
Available Now
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1-1510
$1,575
Available Now
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1-0503
$1,575
Available Now
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1-0409
$1,750
Available Now
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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
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1-1901
$2,400
Rented
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1-1905
$2,400
Rented
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1-1805
$2,175
Rented
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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: $500
Property details
Additional Details
Total Unit Count: 180
Last Updated: Updated 25 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.
Studio
Suggested income:
$42,900
per year
1 Bedroom
Suggested income:
$50,100
per year
2 Bedroom
Suggested income:
$57,700
per year
Rent report

Monroe Park Towers Apartments Rent vs. Richmond Average

 Monroe Park Towers Apartments      Richmond Average
Studio
$1,192
$1,292
$0
$450
$900
$1,350
$1,800
1BR
$1,393
$1,449
$0
$500
$1,000
$1,500
$2,000
2BR
$1,604
$1,644
$0
$550
$1,100
$1,650
$2,200

Monroe Park Towers Apartments is asking 8% less than the average studio apartment in Richmond.

If you upsized to an average priced Richmond 1 bedroom apartment, you would pay 11% more per month.

Monroe Park Towers Apartments provides 3% less square footage than the average Richmond studio apartment.

Monthly Rent Rent per Sq. Ft. Suggested
Monthly Income
Monroe Park Towers Apartments
Studio $1,192 $2.50 $3,575
1BR $1,393 $2.20 $4,180
2BR $1,604 $2.10 $4,813
Richmond Average
Studio $1,292 $2.60 $3,875
1BR $1,449 $2.10 $4,348
2BR $1,644 $1.70 $4,933
3BR $1,995 $1.70 $5,985
4BR $2,713 $1.80 $8,139

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 1,031 1BR units on the market in Richmond. If you're looking to negotiate, this may be your best option.

Studio
1BR
2BR
3BR
4BR
6% 41% 39% 12% 2%
Available Units in Richmond
Studio 154
1BR 1,031
2BR 993
3BR 294
4BR 38
Location
Nearby College

Virginia Commonwealth University

Campus Buildings and Attractions
Distance Walking Biking Driving
Cabell Library 0.4 mi 7 min 4 min 2 min
University Student Commons 0.4 mi 8 min 4 min 1 min
W. Grace Street 0.5 mi 9 min 3 min 1 min
Recreational Sports Center 0.5 mi 10 min 3 min 2 min
Stuart Siegel Center 0.6 mi 12 min 5 min 2 min
Nearby Hospitals
Name Distance
Vcu Health System 1.1 mi.
Vcu Health System 1.13 mi.
Henrico Doctors' Hospital Retreat 1.45 mi.
Nearby Fire Stations
Name Distance
Henrico County Division Of Fire 6.93 mi.
Henrico County Division Of Fire 7.24 mi.
Mechanicsville Fire & Ambulance Department 7.87 mi.
FAQs
Is this property currently leasing units?
Yes. There are 18 available units at this property.
How many units are move-in ready in the next 2 months?
This property has 18 units available for move-in over the next 2 months. 12 units are vacant and ready for immediate occupancy.
What's the square footage of the available units?
The available units range from 485 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 studio, 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 $1,164 to $1,750. Monroe Park Towers Apartments has studio units available starting at $1,164, 1 bedroom units available starting at $1,364, and 2 bedroom units available starting at $1,575.
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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