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Updated 4 hours ago

The Penny at Jackson Ward


2 W Marshall Street Richmond, VA

Studio - 2 Bed
•
1 - 2 Bath

491 - 1,015 Sq. Ft.

Available Now
Deal
Zero Security Deposit Community powered by LeaseLock. Ask for details today!
Floor plans
Studio • 1 Bath
$1,263 - $2,840
491 ft2
1 Available
Managed By: Gates Hudson
Unit 206
$1,263+
Available May 10th, 2025
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Studio • 1 Bath
$1,298 - $2,886
538 ft2
1 Available
Managed By: Gates Hudson
Unit 521
$1,298+
Available May 29th, 2025
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Studio • 1 Bath
$1,399 - $2,489
552 ft2
1 Available
Managed By: Gates Hudson
Unit 329
$1,399+
Available Jun 6th, 2025
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1 Bed • 1 Bath
$1,534 - $3,085
715 ft2
1 Available
Managed By: Gates Hudson
Unit 320
$1,534+
Available Now
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1 Bed • 1 Bath
$1,399 - $3,050
765 ft2
6 Available
Managed By: Gates Hudson
Unit 314
$1,419+
Available Now
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Unit 116
$1,399+
Available Now
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Unit 319
$1,419+
Available Apr 20th, 2025
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Unit 417
$1,474+
Available May 17th, 2025
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Unit 513
$1,484+
Available Jun 4th, 2025
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Unit 514
$1,484+
Available Aug 6th, 2025
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1 Bed • 1 Bath
$2,098 - $4,342
1015 ft2
1 Available
Managed By: Gates Hudson
Unit 617
$2,098+
Available Apr 28th, 2025
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1 Bed • 1 Bath
$1,479 - $3,058
724 ft2
2 Available
Managed By: Gates Hudson
Unit 424
$1,479+
Available May 9th, 2025
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Unit 224
$1,479+
Available Jun 6th, 2025
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1 Bed • 1 Bath
$1,509 - $2,616
750 ft2
1 Available
Managed By: Gates Hudson
Unit 222
$1,509+
Available May 31st, 2025
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2 Beds • 2 Bath
$1,768 - $3,559
825 ft2
6 Available
Managed By: Gates Hudson
Unit 107
$1,777+
Available Now
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Unit 408
$1,867+
Available Apr 6th, 2025
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Unit 205
$1,768+
Available May 19th, 2025
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Unit 307
$1,853+
Available Jun 5th, 2025
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Unit 308
$1,853+
Available Jun 15th, 2025
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Unit 608
$1,883+
Available Jun 20th, 2025
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2 Beds • 2 Bath
$1,853 - $3,504
894 ft2
1 Available
Managed By: Gates Hudson
Unit 428
$1,853+
Available Jun 22nd, 2025
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Where you'll live
Street View
Map View
Satellite View
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
Pool
Public Transportation
Controlled Access
Mobile Access Pass
Package Receiving
Court Yard
Bike Parking
Coffee Bar
Smoke-free Community
Near Hospital
Near Grocery Store
Near Fire Department
On-site Restaurant
On-site Maintenance
Professional On-site Management
Wheelchair Access
Cable-ready
Dishwasher
Balcony, Deck, Patio
Carpet
Living Room
Range / Oven
Microwave
Stainless Steel Appliances
Freezer
24-hour Maintenance
High-speed Internet
Tile Floor
Granite Countertop
High / Vaulted Ceiling
Elevator
Secured Entry
Gated Entry
Fees & leasing info
Pets
Dogs Ok
Cats Ok
Pet Friendly Community
Parking
Covered Parking
Off-street Parking
Garage - Attached
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 4 hours ago
Contact Number: (833) 224-3853
Property manager information
Gates Hudson
Ask a question
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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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:
$47,500
per year
1 Bedroom
Suggested income:
$54,700
per year
2 Bedroom
Suggested income:
$66,100
per year
Rent report

The Penny at Jackson Ward Rent vs. Richmond Average

 The Penny at Jackson Ward      Richmond Average
Studio
$1,320
$1,325
$0
$450
$900
$1,350
$1,800
1BR
$1,520
$1,516
$0
$500
$1,000
$1,500
$2,000
2BR
$1,836
$1,819
$0
$600
$1,200
$1,800
$2,400

The Penny at Jackson Ward is asking 0% more than the average 1 bedroom apartment in Richmond.

If you upsized to an average priced Richmond 2 bedroom apartment, you would pay 17% more per month.

If you downsized to an average priced Richmond studio apartment, you would pay 14% less per month.

The Penny at Jackson Ward provides 12% 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 $1,320 $2.50 $3,960
1BR $1,520 $2.00 $4,561
2BR $1,836 $2.20 $5,509
Richmond Average
Studio $1,325 $2.50 $3,976
1BR $1,516 $2.20 $4,547
2BR $1,819 $1.80 $5,457
3BR $2,364 $1.70 $7,092
4BR $2,763 $1.80 $8,288

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 1,016 1BR units on the market in Richmond. If you're looking to negotiate, this may be your best option.

Studio
1BR
2BR
3BR
4BR
4% 44% 37% 13% 2%
Available Units in Richmond
Studio 86
1BR 1,016
2BR 858
3BR 301
4BR 48
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 22 available units at this property.
How many units are move-in ready in the next 2 months?
This property has 15 units available for move-in over the next 2 months. 4 units are vacant and ready for immediate occupancy.
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 studio, 1 and 2 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 $1,263 to $4,342. The Penny at Jackson Ward has studio units available starting at $1,263, 1 bedroom units available starting at $1,399, and 2 bedroom units available starting at $1,768.
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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