Lantern Ridge Apartments

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401 Fairfax Rd, Blacksburg, VA 24060
(540) 418-3431
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Lantern Ridge Apartments in Blacksburg, VA - Building Photo
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Lantern Ridge Apartments in Blacksburg, VA - Building Photo - Building Photo
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Lantern Ridge Apartments in Blacksburg, VA - Building Photo - Building Photo
Building Photo
Lantern Ridge Apartments in Blacksburg, VA - Building Photo - Building Photo
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Lantern Ridge Apartments in Blacksburg, VA - Building Photo - Building Photo
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Contact

Lantern Ridge Apartments

401 Fairfax Rd
Blacksburg, VA 24060
(540) 418-3431
Lantern Ridge Apartments in Blacksburg, VA - Building Photo
  • 1–3 Bedrooms
  • $1,024-$1,501Pricing
  • 537–822Square Feet

Rent Specials

Savings Alert!~~Sign a lease with us by November 30th and get your first full month of rent FREE! That is up to a $1500 savings. Contact us for questions and more details.

Ask Us About Our Specials

About Lantern Ridge Apartments

Lantern Ridge Apartments is a subsidized, low-rent apartment community located it Blacksburg, Virginia, offering affordable housing options for families and individuals. Our community offers a playground , swimming pool, basketball court, on-site laundry facitily and spacious closets. Lantern Ridge Apartments can be the next place you call home.

Lantern Ridge Apartments is located in the Ellett Jennelle Neighborhood and 24060 Zip code of Blacksburg, VA. This community is professionally managed by American Apartment Management Co., Inc.

Unique Features and Amenities

  • 1, 2 and 3 Bedroom Apartments Available for Rent
  • 24Hr Emergency Maintenance
  • All Appliances Included
  • Close to Business District
  • Close to Public Transportation
  • Handicapped Accessible
  • on-site laundry
  • Patio, Deck or Balcony
  • Pet Friendly
  • Pool & BBQ/Picnic Area
  • Spacious Closets

See All Amenities

Property Contact Info

Floorplan Pricing and Availability

Lantern Ridge Apartments offers 1 to 3 Bedroom apartments starting from $1,024 and having 537–822 sq ft. Here is the current pricing and availability:

  • 1 Bedroom

    One Bedroom Units

    $1,024

    1 Bed, 1 Bath, 537 sq ft
    Available Now

    Model Gallery

    Photos

    Availability Details

    PriceAvailability DateUnitSq Ft
    $1,024Available NowOne Bedroom Units537 sq ft

    Model Amenities and Features

    Features

    • Air Conditioning
    • Heating

    Kitchen

    • Dishwasher
    • Disposal
    • Kitchen
    • Range
    • Refrigerator

    Model Rent and Fees

    Model Price

    • $1,024

  • 2 Bedrooms

    Two Bedroom Units

    $1,125

    2 Beds, 1 Bath, 671 sq ft
    Available Now

    Model Gallery

    Photos

    Availability Details

    PriceAvailability DateUnitSq Ft
    $1,125Available NowTwo Bedroom Units671 sq ft

    Model Amenities and Features

    Features

    • Air Conditioning
    • Ceiling Fans
    • Heating

    Kitchen

    • Dishwasher
    • Disposal

    Model Rent and Fees

    Model Price

    • $1,125

  • 3 Bedrooms

    Three Bedroom Units

    $1,501

    3 Beds, 1.5 Baths, 822 sq ft
    Available Nov 12

    Model Gallery

    Photos

    Availability Details

    PriceAvailability DateUnitSq Ft
    $1,501November 12, 2025Three Bedroom Units822 sq ft

    Model Amenities and Features

    Features

    • Air Conditioning
    • Ceiling Fans
    • Heating

    Kitchen

    • Dishwasher
    • Disposal

    Model Rent and Fees

    Model Price

    • $1,501
Price shown is base rent and may not include non-optional fees and utilities. View Fees and Policies for details. Price, availability, fees, and any applicable rent special are subject to change without notice.

Schedule a Tour

Schedule a Tour
Call us at: (540) 418-3431 to schedule a tour.

Property Information

  • 120 Units
  • 3 Stories
  • Built in 1981

Lease Terms

  • 12 mo
Ask About Our Lease Terms

Fees and Policies

The fees below are based on community-supplied data and may exclude additional fees and utilities.

Other Fees

Pet Fees

Cat

One-Time Pet Fee$0
Monthly Pet Fee$0/mo
Pet Deposit$300

Dog

One-Time Pet Fee$0
Monthly Pet Fee$0/mo
Pet Deposit$300

Cats

  • 2 Pet Limit

$100 deposit for 2nd pet.

Dogs

  • 2 Pet Limit
  • 45 Lb Weight Limit
Restrictions:

$100 deposit for 2nd pet.

Parking Info and Fees

Surface Lot
  • 1 Max

Property Fee Disclaimer: Based on community-supplied data and independent market research. Subject to change without notice. May exclude fees for mandatory or optional services and usage-based utilities.

Features and Amenities

On-Site Services

  • Public Transportation
  • Laundry Facilities

Community Features

  • Walk Up

Outdoor Features

  • Grill
  • Picnic Area
  • Patio
  • Deck

Recreation and Fitness

  • Basketball Court
  • Playground
  • Pool

Interior Features

  • Balcony
  • Heating
  • Ceiling Fans
  • Cable Ready
  • Air Conditioning

Kitchen Amenities

  • Dishwasher
  • Kitchen
  • Disposal

Living Area Features

  • Window Coverings
  • Den
  • Carpet
Ask About Our Amenities
Google Map

Map

401 Fairfax Rd, Blacksburg, VA 24060
Schedule a Time to Come See Us

Hours and Contact Info

Call Us - Open Now!
Currently Closed
By Appointment
(540) 418-3431
MondayBy Appointment
TuesdayBy Appointment
WednesdayBy Appointment
ThursdayBy Appointment
FridayBy Appointment
SaturdayClosed
SundayClosed
Ask About Live Online Tours

Getting Around

Walk Score®

46 / 100

Car-Dependent

Most errands require a car

Bike Score®

39 / 100

Somewhat Bikeable

Minimal bike infrastructure

Transit Score®

27 / 100

Some Transit

A few nearby public transportation options

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Lantern Ridge Apartments

Where is Lantern Ridge Apartments located?

Lantern Ridge Apartments is located at 401 Fairfax Rd near the Ellett Jennelle area of Blacksburg, VA

What is the current rent range at Lantern Ridge Apartments?

1 Bedroom to 3 Bedroom Apartments at Lantern Ridge Apartments currently range from $1,024 to $1,501

When is the leasing office open?

  • The office Hours for Lantern Ridge Apartments are
  • Monday By Appointment
  • Tuesday By Appointment
  • Wednesday By Appointment
  • Thursday By Appointment
  • Friday By Appointment
  • Saturday Closed
  • Sunday Closed

Are pets allowed?

Call us today to find out our pet policy and if we allow pets

Are there any rent specials?

The current rent special at Lantern Ridge Apartments is: Savings Alert!~~Sign a lease with us by November 30th and get your first full month of rent FREE! That is up to a $1500 savings. Contact us for questions and more details..

Lifestyle Ratings

  • Affordability Nice Value3.2

    The Lantern Ridge Apartments Apartments are 26.23% cheaper than the average apartment in the Ellett Jennelle area, and 13.43% cheaper than the average apartment city-wide.

    Rent Comparison to the Ellett Jennelle Neighborhood

    FloorplanLowest Price HereNeighborhood Avg RentNbhd Avg RentCost Difference%
    1 Bedroom$1,024$1,317-$293-22.2%
    2 Bedroom$1,125$1,691-$566-33.5%
    3 Bedroom$1,501$1,950-$449-23.0%

    Rent Comparison to the city of Blacksburg

    FloorplanLowest Price HereCity Average RentCost Difference%
    1 Bedroom$1,024$1,447-$423-29.2%
    2 Bedroom$1,125$1,387-$262-18.9%
    3 Bedroom$1,501$1,393+$1087.8%

    Methodology: On 10/03/2025, ApartmentHomeLiving.com compared current rents by floorplan to 85 other apartment communities in the immediate area around Lantern Ridge Apartments (Ellett Jennelle), and 183 other apartment communities in Blacksburg using today’s up-to-date pricing using the sum/count averaging formula. This data will be updated in real-time as prices fluctuate.

    Rent Pricing Data as of 10/03/2025

  • Pet Friendly 3.2

    Top Pet Friendly apartments have specified that they accept pets and feature a number pet friendly amenities for renters with furry friends.

    Rating Factors

    This 3.2-star Pet Friendly rating is based on the following features:

    • Basketball Court(s)
    • Balconies
    • Heating
    • Air Conditioning
    • Patios
    • Deck(s)

  • Outdoors 3.2

    The Outdoors rating shows the apartment listings on ApartmentHomeLiving.com with the top amenities and features for renters who love the outdoor lifestyle.

    Rating Factors

    This 3.2-star Outdoors rating is based on the following features:

    • Balconies
    • Deck(s)
    • Patios
    • Picnic Area
    • Grill(s)
    • Swimming Pool(s)
Learn more about Lifestyle Search

Renters Reviews and Ratings

4.0
0 Renters Reviews
ⓘ How is this Rating Determined?The property ratings on ApartmentHomeLiving.com are created using a 5-star scale that includes average renter review scores combined with building ratings to determine an overall blended property score.

Building ratings are based on a community’s features, including the building design, construction, exterior spaces, and amenities. To learn more about the CoStar Building Rating System, refer to our official guidelines here.

Nearby Schools

Blacksburg Middle

Montgomery County Public Schools
3109 Price's Fork Rd.
Public School - Grades 6-8 (946 Students)
In Attendance Zone7 minute drive / 3.7 miles away
6/10

Blacksburg High

Montgomery County Public Schools
3401 Bruin Lane
Public School - Grades 9-12 (1321 Students)
In Attendance Zone7 minute drive / 3.6 miles away
9/10

Margaret Beeks Elementary

Montgomery County Public Schools
709 Airport Road
Public School - Grades PK-5 (343 Students)
In Attendance Zone2 minute drive / 0.8 miles away
5/10
Contact Us About Nearby Schools
School data provided by GreatSchools.
details
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on scale of 1 (below average) and to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider needs as part of the school selection process.

About GreatSchools Data on ApartmentHomeLiving.com.

Points of Interest

Time and distance from Lantern Ridge Apartments.

Big Box and Retail

Kroger

903 University City Blvd
6 minute drive / 3.07 miles away

Lowe's

350 Peppers Ferry Rd NE
7 minute drive / 3.56 miles away

Walgreens

2460 N Franklin St
8 minute drive / 3.78 miles away

Colleges and Universities

Virginia Polytechnic Institute and State University

210 Burruss Hall, 800 Drillfield Dr.
4 minute drive / 2.06 miles away

Radford University

801 East Main Street
21 minute drive / 9.9 miles away

Groceries

Kroger

903 University City Blvd
6 minute drive / 3.07 miles away

Hospitals

Lewisgale Hospital Montgomery

3700 South Main Street
5 minute drive / 1.97 miles away

Shopping Centers

University Towne Centre

1502 S Main St
1 minute drive / 0.62 miles away

Blacksburg Square

1301-1425 S Main St
2 minute drive / 0.72 miles away

First & Main Blacksburg

1440-1560 S Main St
2 minute drive / 0.75 miles away

Lantern Ridge Apartments has 5 shopping centers within 2.0 miles.

Nearby Neighborhoods

Grissom Highland

Studio to 5 Bedroom Apartments from $670
View Rentals

Ellett Jennelle

Studio to 5 Bedroom Apartments from $740
View Rentals

Miller Southside

Studio to 5 Bedroom Apartments from $670
View Rentals

Rental Price Ranges in the Area

BedroomAverage RentCheapest RentHighest Rent
Blacksburg Studio Apartments $1,534$795$2,019
Blacksburg 1 Bedroom Apartments $1,447$850$2,057
Blacksburg 2 Bedroom Apartments $1,387$765$2,501
Blacksburg 3 Bedroom Apartments $1,393$670$3,155
Blacksburg 4 Bedroom Apartments $1,412$740$4,140

Browse Top Apartments in Blacksburg

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Viewing: Lantern Ridge Apartments | Desktop Version | Listing Updated: 10/03/2025 | AHLSLV