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Updated 21 minutes ago

Monroe Park Towers Apartments


520 W Franklin St Richmond, VA

Studio - 3 Bed
•
1 - 2 Bath

451 - 1,390 Sq. Ft.

Available Now
Floor plans
Studio • 1 Bath
$1,164
451 ft2
1 Available
Managed By: Monroe Park Towers
1-1506
$1,164
Available Apr 9th, 2026
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Studio • 1 Bath
$1,297
485 ft2
1 Available
Managed By: Monroe Park Towers
1-0501
$1,297
Available Apr 10th, 2026
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1 Bed • 1 Bath
$1,249
630 ft2
3 Available
Managed By: Monroe Park Towers
1-0311
$1,249
Available Now
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1-0505
$1,249
Available Apr 17th, 2026
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1-0605
$1,249
Available May 1st, 2026
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1 Bed • 1 Bath
$1,333
565 ft2
1 Available
Managed By: Monroe Park Towers
1-0607
$1,333
Available May 1st, 2026
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2 Beds • 1 Bath
$1,575
760 ft2
7 Available
Managed By: Monroe Park Towers
1-0409
$1,575
Available Now
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1-0310
$1,575
Available Now
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1-0404
$1,575
Available Now
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1-1503
$1,575
Available Now
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1-0610
$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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3 Beds • 2 Bath
$2,175
1390 ft2
1 Available
Managed By: Monroe Park Towers
1-1905
$2,175
Available Now
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Where you'll live
Street View
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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 21 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:
$44,300
per year
1 Bedroom
Suggested income:
$45,700
per year
2 Bedroom
Suggested income:
$56,700
per year
3 Bedroom
Suggested income:
$78,300
per year
Rent report

Monroe Park Towers Apartments Rent vs. Richmond Average

 Monroe Park Towers Apartments      Richmond Average
Studio
$1,231
$1,275
$0
$450
$900
$1,350
$1,800
1BR
$1,270
$1,471
$0
$500
$1,000
$1,500
$2,000
2BR
$1,575
$1,691
$0
$550
$1,100
$1,650
$2,200
3BR
$2,175
$1,965
$0
$750
$1,500
$2,250
$3,000

Monroe Park Towers Apartments is asking 3% less than the average studio apartment in Richmond.

If you upsized to an average priced Richmond 1 bedroom apartment, you would pay 13% more per month.

Monroe Park Towers Apartments provides 5% more square footage than the average Richmond studio apartment.

Monthly Rent Rent per Sq. Ft. Suggested
Monthly Income
Monroe Park Towers Apartments
Studio $1,231 $2.60 $3,692
1BR $1,270 $2.10 $3,810
2BR $1,575 $2.10 $4,725
3BR $2,175 $1.60 $6,525
Richmond Average
Studio $1,275 $2.90 $3,825
1BR $1,471 $2.10 $4,412
2BR $1,691 $1.70 $5,074
3BR $1,965 $1.60 $5,894
4BR $2,656 $1.40 $7,969

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 1,001 1BR units on the market in Richmond. If you're looking to negotiate, this may be your best option.

Studio
1BR
2BR
3BR
4BR
5% 44% 39% 11% 1%
Available Units in Richmond
Studio 120
1BR 1,001
2BR 892
3BR 249
4BR 27
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 14 available units at this property.
How many units are move-in ready in the next 2 months?
This property has 14 units available for move-in over the next 2 months. 9 units are vacant and ready for immediate occupancy.
What's the square footage of the available units?
The available units range from 451 to 1,390 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, 2 and 3 bedroom units available.
How many bathrooms are in the available units?
There are 1 and 2 bathroom units available.
What's the monthly rent at this property?
Rent on available units ranges from $1,164 to $2,175. Monroe Park Towers Apartments has studio units available starting at $1,164, 1 bedroom units available starting at $1,249, 2 bedroom units available starting at $1,575, and 3 bedroom units available starting at $2,175.
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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