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Updated 6 hours ago

The Penny at Jackson Ward


2 W Marshall Street Richmond, VA

Studio - 2 Bed
•
1 - 2 Bath

491 - 894 Sq. Ft.

Available Now
Deal

Zero Security Deposit Community powered by LeaseLock. Ask for details today!
Floor plans
Studio • 1 Bath
$1,189 - $2,613
491 ft2
2 Available
Unit 206
$1,189+
Available Now
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Unit 306
$1,299+
Available Now
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View Rented Units
Studio • 1 Bath
$1,349 - $2,943
592 ft2
1 Available
Unit 609
$1,349+
Available Jun 6th, 2026
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1 Bed • 1 Bath
$1,560 - $3,380
715 ft2
1 Available
Unit 409
$1,560+
Available Now
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View Rented Units
1 Bed • 1 Bath
$1,385 - $3,239
670 ft2
2 Available
Unit 615
$1,475+
Available Now
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Unit 315
$1,385+
Available Mar 5th, 2026
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1 Bed • 1 Bath
$1,435 - $3,844
765 ft2
4 Available
Unit 419
$1,490+
Available Now
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Unit 310
$1,499
Available Feb 17th, 2026
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Unit 319
$1,435+
Available Apr 23rd, 2026
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Unit 517
$1,500+
Available May 21st, 2026
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View Rented Units
1 Bed • 1 Bath
$1,405 - $3,044
641 ft2
2 Available
Unit 427
$1,550+
Available Now
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Unit 202
$1,405+
Available Now
View
View Rented Units
1 Bed • 1 Bath
$1,435 - $3,060
573 ft2
1 Available
Unit 126
$1,435+
Available Feb 22nd, 2026
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2 Beds • 2 Bath
$1,574 - $3,152
825 ft2
4 Available
Unit 207
$1,574+
Available Now
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Unit 405
$1,654+
Available Now
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Unit 305
$1,659+
Available Feb 22nd, 2026
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Unit 505
$1,664+
Available Apr 13th, 2026
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View Rented Units
2 Beds • 2 Bath
$1,679 - $3,374
856 ft2
2 Available
Unit 203
$1,679+
Available Now
View
Unit 403
$1,759+
Available Mar 7th, 2026
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View Rented Units
2 Beds • 2 Bath
$1,659 - $3,413
894 ft2
1 Available
Unit 428
$1,659+
Available Jul 28th, 2026
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Where you'll live
Street View
Map View
Satellite View
The Penny at Jackson Ward
The Penny at Jackson Ward
The Penny at Jackson Ward
Location ratings
Walk Score®
96
Walker's Paradise
Amenities
In-unit Laundry
Air Conditioning
Fitness Center
Disability Access
Refrigerator
Garbage Disposal
Pool
Public Transportation
Controlled Access
Dishwasher
Balcony, Deck, Patio
Ceiling Fans
Central A / C
Online Payments
Heat: Forced Air
Mobile Access Pass
Wheelchair Access
Professional On-site Management
On-site Maintenance
On-site Restaurant
Near Fire Department
Near Grocery Store
High / Vaulted Ceiling
Carpet
Living Room
Range / Oven
Microwave
Stainless Steel Appliances
Freezer
Cable-ready
High-speed Internet
Tile Floor
Granite Countertop
Near Hospital
Elevator
Secured Entry
Gated Entry
24-hour Maintenance
Package Receiving
Court Yard
Bike Parking
Coffee Bar
Smoke-free Community
Fees & leasing info
Pets
Dogs Ok
Cats Ok
Pet Friendly Community
Parking
Covered Parking
Garage - Attached
Off-street Parking
More Info:

Garage Parking starting at $125 per month

Lease & Fees
Lease Length:

None

Property details
Description

The Penny Luxury Apartments in Downtown Richmond VA
The Penny, located at 2 W Marshall Street in historic Jackson Ward, is a brand-new luxury apartment building featuring pet-friendly studio, one bedroom, and two bedroom apartments. The Penny is where modern luxury living meets history. Located conveniently Downtown, this walkable neighborhood is convenient to VCU, restaurants, businesses, and more. The Penny offers city living with luxury amenities, including a rooftop terrace, fitness center, garage parking, bike racks, pool, and more. Each controlled access luxury apartment features contemporary kitchens, modern appliances, washer & dryer, blazing fast internet, and the open floorplans synonymous with modern living.

Additional Details
Total Unit Count: 167
Last Updated: Updated 6 hours ago
Contact Number: (833) 224-3853
Property manager information
Gates Hudson
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Office Hours
Sunday: 11:00 AM - 5:00 PM
Monday: 9:00 AM - 5:30 PM
Tuesday: 9:00 AM - 5:30 PM
Wednesday: 11:00 AM - 5:30 PM
Thursday: 9:00 AM - 5:30 PM
Friday: 9:00 AM - 5:00 PM
Saturday: 9:00 AM - 4:00 PM
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Request a Tour Date

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Photos Floor Plans Amenities
Renters Also Viewed
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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 The Penny at Jackson Ward by bedroom type below.
Studio
Suggested income:
$46,000
per year
1 Bedroom
Suggested income:
$52,900
per year
2 Bedroom
Suggested income:
$59,900
per year
Rent report

The Penny at Jackson Ward Rent vs. Richmond Average

 The Penny at Jackson Ward      Richmond Average
Studio
$1,279
$1,274
$0
$450
$900
$1,350
$1,800
1BR
$1,470
$1,489
$0
$500
$1,000
$1,500
$2,000
2BR
$1,664
$1,686
$0
$550
$1,100
$1,650
$2,200

The Penny at Jackson Ward is asking 1% less than the average 1 bedroom apartment in Richmond.

If you upsized to an average priced Richmond 2 bedroom apartment, you would pay 12% more per month.

If you downsized to an average priced Richmond studio apartment, you would pay 17% less per month.

The Penny at Jackson Ward provides 2% more square footage than the average Richmond 1 bedroom apartment.

Monthly Rent Rent per Sq. Ft. Suggested
Monthly Income
The Penny at Jackson Ward
Studio $1,279 $2.40 $3,837
1BR $1,470 $2.10 $4,411
2BR $1,664 $2.00 $4,992
Richmond Average
Studio $1,274 $2.70 $3,821
1BR $1,489 $2.20 $4,467
2BR $1,686 $1.70 $5,059
3BR $2,011 $1.60 $6,033
4BR $3,200 $1.40 $9,599

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 957 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% 43% 40% 12% 1%
Available Units in Richmond
Studio 91
1BR 957
2BR 889
3BR 266
4BR 17
Location
Nearby College

Virginia Commonwealth University

Campus Buildings and Attractions
Distance Walking Biking Driving
Stuart Siegel Center 0.9 mi 17 min 7 min 3 min
W. Grace Street 0.9 mi 17 min 6 min 3 min
Cabell Library 0.9 mi 18 min 7 min 3 min
University Student Commons 0.9 mi 18 min 8 min 3 min
Recreational Sports Center 1.0 mi 18 min 6 min 3 min
Nearby Hospitals
Name Distance
Vcu Health System 0.74 mi.
Vcu Health System 0.77 mi.
Children's Hospital Of Richmond At Vcu (Brook Road) 1.78 mi.
Nearby Fire Stations
Name Distance
Henrico County Division Of Fire 6.55 mi.
Henrico County Division Of Fire 7.52 mi.
Mechanicsville Fire & Ambulance Department 7.6 mi.
FAQs
Is this property currently leasing units?
Yes. There are 24 available units at this property.
How many units are move-in ready in the next 2 months?
This property has 17 units available for move-in over the next 2 months. 10 units are vacant and ready for immediate occupancy.
What's the square footage of the available units?
The available units range from 491 to 894 square feet.
Does this property allow cats or dogs?
This property allows tenants to keep cats and dogs.
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 and 2 bathroom units available.
What's the monthly rent at this property?
Rent on available units ranges from $1,189 to $3,579. The Penny at Jackson Ward has studio units available starting at $1,189, 1 bedroom units available starting at $1,385, and 2 bedroom units available starting at $1,574.
Where is this property located?
This property is at 2 W Marshall Street in Richmond, VA. It's 1.1 miles east from the center of Richmond.
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