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Updated 1 hour 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
$1,211
485 ft2
1 Available
Managed By: Monroe Park Towers
1-1701
$1,211
Available: Ask
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View Rented Units
Studio • 1 Bath
$1,268
451 ft2
1 Available
Managed By: Monroe Park Towers
1-0906
$1,268
Available Aug 14th, 2025
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View Rented Units
1 Bed • 1 Bath
$1,436 - $1,549
630 ft2
14 Available
Managed By: Monroe Park Towers
1-1608
$1,549
Available Now
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1-1105
$1,445
Available Now
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1-1102
$1,445
Available Now
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1-1005
$1,532
Available Now
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1-1505
$1,448
Available Now
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1-1202
$1,447
Available Now
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1-1402
$1,447
Available Now
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1-0805
$1,530
Available Now
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1-1511
$1,534
Available Now
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1-0508
$1,437
Available Now
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1-0708
$1,439
Available Now
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1-0405
$1,436
Available Now
View
1-1611
$1,449
Available Now
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1-0908
$1,442
Available Jun 29th, 2025
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View Rented Units
1 Bed • 1 Bath
$1,720
760 ft2
1 Available
Managed By: Monroe Park Towers
1-1003
$1,720
Available Now
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1 Bed • 1 Bath
$1,452
565 ft2
1 Available
Managed By: Monroe Park Towers
1-1804
$1,452
Available Aug 26th, 2025
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View Rented Units
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2 Beds • 1 Bath
$1,714 - $1,920
760 ft2
18 Available
Managed By: Monroe Park Towers
1-0709
$1,909
Available Now
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1-1704
$1,920
Available Now
View
1-0603
$1,715
Available Now
View
1-1710
$1,920
Available Now
View
1-1209
$1,915
Available Now
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1-1510
$1,918
Available Now
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1-1009
$1,913
Available Now
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1-0310
$1,905
Available Now
View
1-1110
$1,914
Available Now
View
1-1104
$1,905
Available Now
View
1-0403
$1,906
Available Now
View
1-1609
$1,919
Available Now
View
1-0409
$1,906
Available Now
View
1-1503
$1,918
Available Now
View
1-0710
$1,909
Available Now
View
1-0510
$1,714
Available Now
View
1-0810
$1,910
Available Now
View
1-1709
$1,920
Available Now
View
View Rented Units
2 Beds • 2 Bath
$2,112
1024 ft2
1 Available
Managed By: Monroe Park Towers
1-1807
$2,112
Available Now
View
3 Beds • 2 Bath
$2,530 - $2,535
1390 ft2
2 Available
Managed By: Monroe Park Towers
1-1901
$2,530
Available Now
View
1-1905
$2,535
Available Now
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View Rented Units
Where you'll live
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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: $0
Property details
Additional Details
Total Unit Count: 180
Last Updated: Updated 1 hour 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:
$44,600
per year
1 Bedroom
Suggested income:
$53,400
per year
2 Bedroom
Suggested income:
$68,500
per year
3 Bedroom
Suggested income:
$91,200
per year
Rent report

Monroe Park Towers Apartments Rent vs. Richmond Average

 Monroe Park Towers Apartments      Richmond Average
Studio
$1,240
$1,324
$0
$450
$900
$1,350
$1,800
1BR
$1,485
$1,508
$0
$500
$1,000
$1,500
$2,000
2BR
$1,903
$1,794
$0
$650
$1,300
$1,950
$2,600
3BR
$2,533
$2,337
$0
$850
$1,700
$2,550
$3,400

Monroe Park Towers Apartments is asking 6% less than the average studio apartment in Richmond.

If you upsized to an average priced Richmond 1 bedroom apartment, you would pay 12% more per month.

Monroe Park Towers Apartments provides 10% less square footage than the average Richmond studio apartment.

Monthly Rent Rent per Sq. Ft. Suggested
Monthly Income
Monroe Park Towers Apartments
Studio $1,240 $2.60 $3,719
1BR $1,485 $2.30 $4,454
2BR $1,903 $2.50 $5,708
3BR $2,533 $1.80 $7,598
Richmond Average
Studio $1,324 $2.60 $3,973
1BR $1,508 $2.20 $4,523
2BR $1,794 $1.80 $5,382
3BR $2,337 $1.70 $7,011
4BR $2,705 $1.80 $8,115

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 1,096 1BR units on the market in Richmond. If you're looking to negotiate, this may be your best option.

Studio
1BR
2BR
3BR
4BR
3% 45% 37% 13% 2%
Available Units in Richmond
Studio 61
1BR 1,096
2BR 900
3BR 305
4BR 48
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 39 available units at this property.
How many units are move-in ready in the next 2 months?
This property has 37 units available for move-in over the next 2 months. 35 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 $1,268 to $2,535. Monroe Park Towers Apartments has studio units available starting at $1,268, 1 bedroom units available starting at $1,436, 2 bedroom units available starting at $1,714, and 3 bedroom units available starting at $2,530.
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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