7 E  Franklin St #5, Richmond, VA 23219
FOR RENT
PET FRIENDLY

7 E Franklin St #5
Richmond, VA 23219

Monroe Ward
  • 1 Bed
  • 1 Bath
  • 525 sqft
Price may not include required fees and charges.

$1,495/mo

$1,495 deposit
Original price: $1,725

$1,495/mo

$1,495 deposit
Original price: $1,725
Price may not include required fees and charges.
  • 1 Bed
  • 1 Bath
  • 525 sqft

Local Information

  • Map ViewExplore the area around 7 E Franklin St #5.
  • Schools1 Preschool School2 Elementary Schools2 Middle Schools2 High Schools
  • Shop & Eat
-- mins to
Commute Destination

Description

ALL Utilities INCLUDED + FREE WiFi (Electric Separate)

Live in one of downtown Richmond's most unique historic buildings at 7 E Franklin Street. This freshly remodeled studio apartment blends original architectural charm with modern updates throughout, creating a space full of character and warmth.

Inside, you'll find soaring ceilings, oversized historic windows, original hardwood floors, decorative fireplace details, updated finishes, and brand new stainless steel appliances. The open studio layout offers flexibility for both living and sleeping spaces while maintaining an airy, inviting feel filled with natural light.

Located in the heart of downtown Richmond, this apartment places you just steps from local restaurants, coffee shops, nightlife, VCU, and more. Professionally managed and thoughtfully updated while preserving the historic charm that makes this building truly one of a kind.

Virtually staged photos may be included for visualization purposes.

The Real Property Management Richmond Metro Resident Benefit Package is designed to provide convenience, professional services, and cost savings to our residents. By applying, Resident(s) agree to be automatically enrolled in the program and agrees to pay an additional $45 per month, payable with rent.

This program includes:
- HVAC filter delivery every 90 days, which will help you save up to 15% on monthly heating & cooling bills (where applicable)
- $1M Identity Protection, coverage backed by AIG
- 24/7 online maintenance reporting aimed at making reporting those pesky maintenance issues easy and timely
- Home buying assistance for when the time is right to buy your "forever" home
- Access to your account and documents through our easy-to-use online portal with One-click payment options to stay up to date on rent, utilities, and more
- Credit reporting to help boost your credit score with timely rent payments!
-Resident Rewards Program, receive gift cards, and exclusive discounts when you pay rent on time
- Utility concierge services to help make sure you get the best value on your utilities and conveniently activate utility, cable, and internet services
- Vetted Vender Network, everyone who services your home is screened for insurance, licensing, and professionalism for the job

Applications are processed first come, first serve. We only process completed applications. We consider an application complete when all persons planning to live in the home have applied. We will continue to show the property until we have a signed Lease.

Non-refundable $60 application fee for all applicants 18 or older to apply and $250 lease administration fee due at lease signing. Pets considered on a case-by-case basis. If you have a pet, you will be required to pay a non-refundable $250.00 Pet Administration Fee per pet due at Lease signing. Security Deposit alternative offered. In addition to this fee, you will also have monthly pet admin fees per pet. (5 Paws - $25.00/month, 4 Paws - $30.00/month, 3 Paws - $40.00/month, 2 Paws - $50.00/month, 1 Paw - $75.00/month). THIS IS A REQUIRED PART OF THE APPLICATION PROCESS FOR ALL APPLICANTS.
Real Property Management - Richmond Metro adheres to all fair housing laws and regulations.

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Costs and Fees

Required monthly rent & fees
  • Base rent
    $1,395 - $1,850/mo
Required one-time fees
  • Security deposit
    $1,395 - $1,850
  • Application fee
    Contact for details
  • Administrative fee
    Contact for details
Pricing is subject to change. All calculations are estimates and provided for informational purposes only. Actual amounts may include additional mandatory or optional fees. Please consult the community manager for a complete breakdown of all rental costs.
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Home Highlights

Pets
Dogs & Cats
Parking
Contact Manager
Outdoor
Contact Manager
A/C
Heating & Cooling
Utilities
Contact Manager
Listed
52 days ago

Details for 7 E Franklin St #5

Interior Features

Heating & Cooling
Heating: Electric, Forced AirAir ConditioningHeating Fuel: Electric
Appliances & Utilities
DishwasherDryerMicrowaveRefrigeratorWasher
Levels, Entrance, & Accessibility
Floors: Hardwood

Days on Market

Days on Market: 52 days on Trulia

Property Information

Property Type / Style
Property Type: Apartment

Rental Terms, Policies & Fees

Lease Term: 1 YearCats, small dogs allowedDeposit: $1,495

Exterior Features

Parking & Garage
Parking: None On Street Parking Lot

Additional Information

Gated

Price History for 7 E Franklin St #5

DatePriceEventSource
06/24/2026$1,495PriceChange
Zillow Rentals
06/10/2026$1,725PriceChange
Zillow Rentals
05/08/2026$1,825Listed For RentZillow Rentals
05/07/2026$1,825ListingRemovedZillow Rentals
04/29/2026$1,825Listed For RentZillow Rentals

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Affordability

TIP:Try to keep your rent within a third of your gross household income. Learn why in our Renter's Guide.
For this property
$53,820 PER YEAR
is the suggested income
Win over prospective landlords with your smart budgeting. As a good rule of thumb, ideally you would have at least three times your monthly rent in combined household income.

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Assigned Schools

These are the assigned schools for 7 E Franklin St #5.
The GreatSchools Rating compares schools on a variety of school quality indicators including test scores, college readiness, equity and more. Learn more.

Neighborhood Overview

Neighborhood stats provided by third party data sources.

What Locals Say about Monroe Ward

  • Trulia User
    "there are buses everywhere there is traffic in the traffic times there is parking but you have to pay in see areas "
  • Hblantonpohl
    "Not tons of green space but is dog friendly. Close to the river and Monroe Park for folks to walk to easily. Some owners don’t clean up but there are plenty of trash cans for waste. "
  • Chanel G.
    "This is a college area full of undergraduate students. Not suitable for kids. I have lived here for three years and I have not seen a school bus come down my street at all"
  • Caseyk785
    "The people that live in the city are very passionate about their community & sticking together and coming together to help one another out. "
  • Natasha D. A.
    "I walk to and from both VCU campuses but I am also close to the GRTC Pulse system (which helps when I don't want to walk)."
  • Crystal
    "We have merchants, vendors and artists displays on the First Friday of every month AKA "First Fridays". The Christmas Parade can be viewed comfortably from my living room windows. It's the heart of the Arts District! "
  • Pamrunac
    "I love the convenience of city living and all the restaurants and activities in the area all year round."

Local Legal Protections

LGBTQ • Source of Income
Real Property Management Richmond Metro
RPM Richmond Metro
Phone Number: 804-634-4643
7 E Franklin St #5, Richmond, VA is a 1 bedroom, 1 bathroom, 525 sqft apartment. 7 E Franklin St #5 is located in Monroe Ward, Richmond. 7 E Franklin St #5 was listed for rent for $1,495/month on May 8, 2026. This property is pet friendly.