Penstock Quarter Apartments
5001 Libbie Mill East Boulevard
Richmond, VA 23230
- Units Available
- 28 Units Available
- Price
- Starting at $1,426
Last updated January 30 2026 at 2:07 AM
1 of 19
Grace & Monroe Apartments
Property highlights
Discover the allure of Grace & Monroe Apartments, ideally positioned in the heart of Richmond near VCU's Monroe Park campus. Residents rave about the proximity to vibrant shopping, dining, and entertainment, all just a short walk away. The apartments exude vintage charm with features like hardwood floors, large windows, and expansive floorplans, creating a cozy and inviting atmosphere. Enjoy the convenience of having water, sewer, trash, internet, and cable included in the rent, offering exceptional value. Pet lovers will appreciate policies allowing both cats and dogs, making this a welcoming community for all. Ideal for those seeking a rich urban experience, the area is complemented by nearby parks, schools, and exceptional public transportation options.
- 4 units available
- Studio • 1 Bed • 2 Beds • 3+ Beds
- Location
- 401 West Grace Street, Richmond VA 23220, Monroe Ward
- Amenities
- In unit laundry, Hardwood floors, Pet friendly, E-payments, Some paid utils, Online portal + more
- Price range
- $1,096 - $1,574 per month
- Commute
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Price and Availability
Grace & Monroe Apartments apartments start at $1,096/month. There are 4 available apartments priced from $1,096 to $1,574. Prices were last verified by Grace & Monroe Apartments
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Unit 0314
Avail. Feb 7
$1,124
Unit 0212
Avail. Feb 21
$1,139
Unit 0306
Avail. Apr 11
$1,096
Unit 0103
Avail. May 15
$1,574
There aren't any 3 bedrooms available. Turn on alerts to be notified once there are.
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Location
Amenities
- In Unit Laundry
- Hardwood Floors
- Pet Friendly
- E-Payments
- Some Paid Utils
- Online Portal
Unit Amenities
- Carpet
- Hardwood Floors
- In Unit Laundry
Property Amenities
- Internet Access
- Accessible
- Cats Allowed
- Dogs Allowed
- Pet Friendly
- E-Payments
- Online Portal
Grace & Monroe Apartments is located in the heart of VCU! Take a short walk to VCU's Monroe Park campus, nearby shopping, dining, and much more. At Grace & Monroe Apartments in Richmond VA offers vintage apartment homes which include hardwood floors, carpet, large windows, and spacious floorplans. Call or email today to set up a tour!Rent includes water, sewer, trash, internet, and cable!
Verified reviews
We are collecting reviews from verified residents who have toured or leased from Grace & Monroe Apartments. Check back soon.
Property Details (Fees & Lease)
Must have 3x the rent in total household income from all funding sources (before taxes)
Explore the Area
- Nick's Produce & International Food Market0.1 mi
- Urban Farmhouse VCU0.2 mi
- Cary Street Market & Deli0.3 mi
- Blue Nile Market0.3 mi
- Mojo’s Philadeli0.3 mi
- DCG - District Chicken and Gyro0.1 mi
- Charm School0.1 mi
- Birdie's0.1 mi
- Domino's0.1 mi
- Jamaica House0.1 mi
- Main & Monroe0.1 mi
- Main & Monroe0.1 mi
- Arts District Westbound Pulse Stop0.2 mi
- Cary & Belvidere0.2 mi
- Cary & Belvidere0.2 mi
- Richmond International Airport7.4 mi
- Christians Airport9.5 mi
- Chesterfield County Airport10.5 mi
- Hanover County Municipal Airport11.1 mi
- Wharton Field12.9 mi
- 0.6 miGeorge W. Carver Elementary School — Public, PK-5, 484 students, 0.6 miles away,GreatSchools rating 1 out of 10.
- 0.7 miOpen High School — Public, 9-12, 181 students, 0.7 miles away,GreatSchools rating 10 out of 10.
- 0.9 miBinford Middle School — Public, 6-8, 417 students, 0.9 miles away,GreatSchools rating 2 out of 10.
- 1.3 miWilliam Fox Elementary School — Public, PK-5, 511 students, 1.3 miles away,GreatSchools rating 6 out of 10.
- 1.5 miMartin Luther King Jr. Middle School — Public, 6-8, 611 students, 1.5 miles away,GreatSchools rating 2 out of 10.
- Data provided by GreatSchools. Ratings are based on test scores and additional metrics when available.
- Monroe Park0.2 mi
- Abner Clay Park0.3 mi
- Library Park0.4 mi
- Thalhimer Tennis Center0.4 mi
- Smith-Peters Parks0.4 mi
- Kinky Cardio0.1 mi
- ArtCraft Designs0.1 mi
- Ghostprint Gallery0.1 mi
- Quirk Gallery0.1 mi
- Visual Art Studio0.1 mi
Getting Around
Walk & Transit Scores
Walk Score: 94 — Walker's Paradise, everything you need just steps away.Transit Score: 60 — Offers reasonable public transit options nearby.Public Transit Access
The Monroe Ward area benefits from access to public transit options, such as 23 nearby routes: 23 bus, 0 rail, 0 otherNearby public transit stops include:
- Main & Monroe (~0.14 mi)
- Arts District Westbound Pulse Stop (~0.17 mi)
- Cary & Belvidere (~0.22 mi)
- Arts District Eastbound Pulse Stop (~0.24 mi)
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Frequently Asked Questions (FAQs)
Grace & Monroe Apartments has 4 units available starting at $1,096 per month. Check out the Price and Availability section for the most up-to-date unit information.
In Richmond, VA, the average rent is $1,468 for a studio, $1,672 for a 1-bedroom, $1,914 for a 2-bedroom, and $2,326 for a 3-bedroom. For more information on rental trends in Richmond, VA, check out our monthly Richmond, VA Rent Report.
Some of Grace & Monroe Apartments's amenities include in unit laundry, hardwood floors, and pet friendly. To see the other amenities this property offers, check out the Amenities section.
Grace & Monroe Apartments is not currently offering any rent specials.
Yes, Grace & Monroe Apartments is pet-friendly.
No, Grace & Monroe Apartments does not offer parking.
Yes, Grace & Monroe Apartments offers units with in unit laundry.
No, Grace & Monroe Apartments does not have a pool.
Yes, Grace & Monroe Apartments has accessible units.
No, Grace & Monroe Apartments does not have units with dishwashers.