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.
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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:
$48,600
per year
1 Bedroom
Suggested income:
$58,600
per year
Rent report
The Penny at Jackson Ward Rent vs. Richmond Average
The Penny at Jackson Ward
Richmond Average
Studio
$1,350
$1,265
$0
$450
$900
$1,350
$1,800
1BR
$1,630
$1,479
$0
$550
$1,100
$1,650
$2,200
The Penny at Jackson Ward is asking 10%
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 17% 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
$1,350
$2.40
$4,049
1BR
$1,630
$2.20
$4,889
Richmond Average
Studio
$1,265
$2.40
$3,794
1BR
$1,479
$2.10
$4,436
2BR
$1,681
$1.70
$5,042
3BR
$2,082
$1.60
$6,245
4BR
$2,294
$1.30
$6,883
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 961 1BR
units on the market in Richmond. If you're looking to negotiate, this may be your best option.
Children's Hospital Of Richmond At Vcu (Brook Road)1.78 mi.
Nearby Fire Stations
NameDistance
Henrico County Division Of Fire6.55 mi.
Henrico County Division Of Fire7.52 mi.
Mechanicsville Fire & Ambulance Department7.6 mi.
FAQs
Is this property currently leasing units?
Yes. There are 15 available units at this property.
How many units are move-in ready in the next 2 months?
This property has 10 units available for move-in over the next 2 months. 5 units are vacant and ready for immediate occupancy.
What's the square footage of the available units?
The available units range from 490 to 865 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 and 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 $1,315 to $2,537. The Penny at Jackson Ward has studio units available starting at $1,315 and 1 bedroom units available starting at $1,475.
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.