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Updated 30 minutes ago

The Penny at Jackson Ward


2 W Marshall Street Richmond, VA

Studio - 2 Bed
•
1 - 2 Bath

491 - 932 Sq. Ft.

Available Now
Deal

Zero Security Deposit Community powered by LeaseLock. Ask for details today!
Floor plans
Studio • 1 Bath
$1,303 - $2,027
491 ft2
1 Available
Unit 506
$1,303+
Available Nov 20th, 2026
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1 Bed • 1 Bath
$1,620 - $2,216
750 ft2
1 Available
Unit 522
$1,620+
Available Now
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1 Bed • 1 Bath
$1,511 - $2,535
724 ft2
1 Available
Unit 324
$1,511+
Available Jan 7th, 2027
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2 Beds • 2 Bath
$1,927 - $2,990
894 ft2
1 Available
Unit 528
$1,927+
Available Now
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2 Beds • 2 Bath
$1,831 - $2,847
825 ft2
2 Available
Unit 205
$1,831+
Available Now
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Unit 307
$1,831+
Available Jan 11th, 2027
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2 Beds • 2 Bath
$1,919 - $2,997
932 ft2
2 Available
Unit 301
$1,919+
Available Now
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Unit 401
$1,919+
Available Oct 7th, 2026
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Where you'll live
Street View
Map View
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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
Cat:

| Restrictions: None One time

Breed Restrictions:

No restrictions

Dog:

| Restrictions: Breed Restrictions One time

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 30 minutes 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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Photos Floor Plans Amenities
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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:
$46,900
per year
1 Bedroom
Suggested income:
$56,300
per year
2 Bedroom
Suggested income:
$67,900
per year
Rent report

The Penny at Jackson Ward Rent vs. Richmond Average

 The Penny at Jackson Ward      Richmond Average
Studio
$1,303
$1,293
$0
$450
$900
$1,350
$1,800
1BR
$1,566
$1,456
$0
$550
$1,100
$1,650
$2,200
2BR
$1,885
$1,694
$0
$650
$1,300
$1,950
$2,600

The Penny at Jackson Ward is asking 8% more 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.

The Penny at Jackson Ward provides 6% 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 $1,303 $2.70 $3,909
1BR $1,566 $2.10 $4,697
2BR $1,885 $2.10 $5,656
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 1,033 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 103
1BR 1,033
2BR 950
3BR 282
4BR 30
Location
Nearby College

Virginia Commonwealth University

FAQs
Is this property currently leasing units?
Yes. There are 8 available units at this property.
How many units are move-in ready in the next 2 months?
This property has 6 units available for move-in over the next 2 months. 4 units are vacant and ready for immediate occupancy.
What's the square footage of the available units?
The available units range from 491 to 932 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 $1,303 to $2,997. The Penny at Jackson Ward has studio units available starting at $1,303, 1 bedroom units available starting at $1,620, and 2 bedroom units available starting at $1,831.
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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