The Women's Christ the Savior Monastery, located in the center of Slobodskoy, occupies an area comparable to a city block. Founded in the early 17th century, the monastery was built thanks to the efforts of parishioners who erected a two-story wooden church and small cells for the nuns. A small parish was allocated for its maintenance, and before that, the nuns lived at parish churches. Initially, the monastery was called the Spassky Monastery, in honor of the first church on its territory. By 1740, the church was rebuilt in stone. In 1742, a fire damaged the monastery buildings. In 1764, during the secularization, many monasteries were closed, including the Slobodskoy Spassky Monastery. The nuns were transferred to the Vyatka Transfiguration Monastery, the only one of the five women's monasteries in the Vyatka diocese that was not closed. In December of the same year, the nuns were moved to the Ufa Christ the Savior Monastery, which was abolished in 1775 due to Pugachev's devastation. In 1775, by the decree of the Holy Synod, the monastery in Ufa was abolished, and the nuns were returned to the Slobodskoy Spassky Monastery. Upon their return in November 1775, the nuns brought a new name for the monastery. However, not everyone could be accommodated in the buildings due to a lack of cells, and many were transferred to the Vyatka Transfiguration Monastery until new facilities were built.

By the early 20th century, the Christ the Savior Monastery, created with the participation of outstanding Vyatka architects, occupied one of the central blocks of the city, surrounded by a stone wall with towers and gates. However, after the October Revolution of 1917, the monastery lost its significance as a spiritual and cultural center. From September 1918 to March 1919, the 88th Rifle Regiment was stationed in the monastery, causing significant damage to the buildings. After the Bolsheviks came to power, the monastery was closed, and the nuns were expelled. Monastic valuables, including utensils and silver icon covers, were looted under the pretext of helping the starving Volga region. In 1920, a children's home for homeless children named after Nadezhda Krupskaya was established on the monastery grounds. By that time, the monastery's property had been completely plundered, icons destroyed, and church books sent for recycling. The former church was turned into a club, the abbot's house into a kindergarten, and many buildings were converted into dormitories and communal apartments.

By May 1921, all the churches of the monastery were closed. Before the war, the territory of the former monastery housed a 'particularly secret intelligence school.' Garages and warehouses were built, and the buildings were repurposed for housing military families. Many buildings fell into disrepair, and they were repaired and repurposed. Part of the area around the bell tower was allocated for a fire station, which still exists today. Photographs of the cross falling from the bell tower, which the authorities used as a fire tower, have been preserved in the personal archives of Slobodskoy residents. The top of the building was destroyed, and trees grew on the tower stones, symbolizing a new beginning.

The revival of the monastery began in 2006 when the first liturgy was held there, still occupied by a military unit. In December 2009, the military unit was disbanded, and the buildings were returned to the Russian Orthodox Church.