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Updated 3 hours ago

The Penny at Jackson Ward


2 W Marshall Street Richmond, VA

Studio - 1 Bed
•
1 Bath

491 - 1,015 Sq. Ft.

Available starting May. 21st
Deal

Zero Security Deposit Community powered by LeaseLock. Ask for details today!
Floor plans
Studio • 1 Bath
$1,379 - $2,128
491 ft2
1 Available
Unit 406
$1,379+
Available Sep 2nd, 2026
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1 Bed • 1 Bath
$1,920 - $4,252
1015 ft2
2 Available
Unit 611
$1,920+
Available May 21st, 2026
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Unit 613
$1,920+
Available Sep 4th, 2026
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View Rented Units
1 Bed • 1 Bath
$1,538 - $3,596
682 ft2
2 Available
Unit 312
$1,538+
Available Jun 15th, 2026
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Unit 412
$1,538+
Available Aug 1st, 2026
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View Rented Units
1 Bed • 1 Bath
$1,538 - $3,418
765 ft2
1 Available
Unit 113
$1,538+
Available Jun 26th, 2026
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View Rented Units
1 Bed • 1 Bath
$1,623 - $3,610
619 ft2
1 Available
Unit 504
$1,623+
Available Jul 7th, 2026
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View Rented Units
1 Bed • 1 Bath
$1,673 - $3,719
726 ft2
1 Available
Unit 423
$1,673+
Available Jul 14th, 2026
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2 Beds • 2 Bath
$1,600 - $3,391
894 ft2
0 Available
-
$1,600
Rented
View
Unit 228
$1,890+
Rented
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Unit 328
$1,604+
Rented
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Unit 428
$1,735+
Rented
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2 Beds • 2 Bath
$1,889 - $4,064
932 ft2
0 Available
-
$Ask
Rented
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Unit 501
$1,889+
Rented
View
Unit 301
$2,008+
Rented
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Unit 401
$2,055+
Rented
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2 Beds • 2 Bath
$1,492 - $3,567
825 ft2
0 Available
-
$1,904+
Rented
View
-
$1,654+
Rented
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Unit 508
$1,675+
Rented
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Unit 208
$1,719+
Rented
View
Unit 108
$1,833+
Rented
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Unit 107
$1,492+
Rented
View
Unit 308
$1,869+
Rented
View
Unit 408
$1,896+
Rented
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Unit 205
$1,884+
Rented
View
Unit 307
$2,034+
Rented
View
2 Beds • 2 Bath
$1,696 - $3,251
856 ft2
0 Available
Unit 603
$2,060+
Rented
View
Unit 203
$1,696+
Rented
View
Unit 403
$1,794+
Rented
View
Unit 503
$1,794+
Rented
View
Unit 303
$1,699+
Rented
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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

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 3 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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Contact Property
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Request a Tour Date

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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:
$49,600
per year
1 Bedroom
Suggested income:
$58,700
per year
Rent report

The Penny at Jackson Ward Rent vs. Richmond Average

 The Penny at Jackson Ward      Richmond Average
Studio
$1,379
$1,292
$0
$450
$900
$1,350
$1,800
1BR
$1,632
$1,449
$0
$550
$1,100
$1,650
$2,200

The Penny at Jackson Ward is asking 13% more 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 12% 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 $1,379 $2.80 $4,137
1BR $1,632 $2.30 $4,895
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
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 13 available units at this property.
How many units are move-in ready in the next 2 months?
This property has 5 units available for move-in over the next 2 months. The soonest move-in date is May 21, 2026.
What's the square footage of the available units?
The available units range from 491 to 1,015 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 1 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 $1,538 to $4,252. The Penny at Jackson Ward has 1 bedroom units available starting at $1,538.
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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