Lantern Ridge Apartments

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(540) 418-3431
Check Availability
401 Fairfax Rd, Blacksburg, VA 24060

Photos

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-$1,501Plus Fees12 Month Lease Term
  • 537–822Square Feet

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

Ask About Our Move-In Specials

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
    Plus Fees
    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 Lease Information

    Model Price

    • $1,024

  • 2 Bedrooms

    Two Bedroom Units

    2 Beds, 1 Bath, 671 sq ft
     

    Model Gallery

    Photos

    Availability Details

    PriceAvailability DateUnitSq Ft
    $1,125Call for AvailabilityTwo Bedroom Units671 sq ft

    Model Amenities and Features

    Features

    • Air Conditioning
    • Ceiling Fans
    • Heating

    Kitchen

    • Dishwasher
    • Disposal

    Model Lease Information

    Model Price

    • $1,125

  • 3 Bedrooms

    Three Bedroom Units

    $1,501

    3 Beds, 1.5 Baths, 822 sq ft
    Plus Fees
    Available Now

    Model Gallery

    Photos

    Availability Details

    PriceAvailability DateUnitSq Ft
    $1,501Available NowThree Bedroom Units822 sq ft

    Model Amenities and Features

    Features

    • Air Conditioning
    • Ceiling Fans
    • Heating

    Kitchen

    • Dishwasher
    • Disposal

    Model Lease Information

    Model Price

    • $1,501
Price shown is base rent. Excludes user-selected optional fees and variable or usage-based fees and required charges due at or prior to move-in or at move-out. 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 listed below are community-provided and may exclude utilities or add-ons. All payments are made directly to the property and are non-refundable unless otherwise specified.

Other Fees and Policies

Pet Fees

Cat

Pet DepositiMax of 2. Charged per Pet.$300
One-Time Pet FeeiMax of 2. Charged Per Pet.$0
Monthly Pet FeeiMax of 2. Charged Per Pet.$0/mo
Comments:

Max of 2. $100 deposit for 2nd pet.

Dog

Pet DepositiMax of 2. Charged per Pet.$300
One-Time Pet FeeiMax of 2. Charged Per Pet.$0
Monthly Pet FeeiMax of 2. Charged Per Pet.$0/mo
45 lbs. Weight Limit
Restrictions:

Breed and Weight restrictions apply.

Comments:

Max of 2. $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

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

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

Lifestyle Ratings

  • Affordability Nice Value3.0

    The Lantern Ridge Apartments Apartments are 25.9% cheaper than the average apartment in the Ellett Jennelle area, and 22.9% 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$1,393-$369-26.5%
    3 Bedroom$1,501$1,890-$389-20.6%
    2 Bedroom$1,125$1,622-$497-30.6%

    Rent Comparison to the city of Blacksburg

    FloorplanLowest Price HereCity Average RentCost Difference%
    1 Bedroom$1,024$1,419-$395-27.8%
    3 Bedroom$1,501$1,786-$285-16.0%
    2 Bedroom$1,125$1,498-$373-24.9%

    Methodology: On 03/15/2026, ApartmentHomeLiving.com compared current rents by floorplan to 88 other apartment communities in the immediate area around Lantern Ridge Apartments (Ellett Jennelle), and 193 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 03/15/2026

  • Pet Friendly 3.0

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

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

  • Outdoors 3.0

    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 3.0-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 (0 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 (0 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 (0 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 4 Bedroom Apartments from $562
View Rentals

Ellett Jennelle

Studio to 4 Bedroom Apartments from $825
View Rentals

Miller Southside

Studio to 5 Bedroom Apartments from $485
View Rentals

Rental Price Ranges in the Area

BedroomAverage RentCheapest RentHighest Rent
Blacksburg Studio Apartments $1,503$825$2,190
Blacksburg 1 Bedroom Apartments $1,419$900$2,027
Blacksburg 2 Bedroom Apartments $1,498$840$2,521
Blacksburg 3 Bedroom Apartments $1,786$565$3,180
Blacksburg 4 Bedroom Apartments $1,451$485$4,165

Browse Top Apartments in Blacksburg

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Viewing: Lantern Ridge Apartments | Desktop Version | Listing Updated: 03/04/2026 | AHLSLV