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Lantern Ridge Apartments

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

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

About Lantern Ridge Apartments

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

Office Hours

Call Us - Open Now!
Currently Closed
By Appointment
MondayBy Appointment
TuesdayBy Appointment
WednesdayBy Appointment
ThursdayBy Appointment
FridayBy Appointment
SaturdayClosed
SundayClosed

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

    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
     

    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

    3 Beds, 1.5 Baths, 822 sq ft
     

    Availability Details

    PriceAvailability DateUnitSq Ft
    $1,501Call for AvailabilityThree 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

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.$300.00
One-Time Pet FeeiMax of 2. Charged Per Pet.$0.00
Monthly Pet FeeiMax of 2. Charged Per Pet.$0.00/mo
Comments:

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

Dog
Pet DepositiMax of 2. Charged per Pet.$300.00
One-Time Pet FeeiMax of 2. Charged Per Pet.$0.00
Monthly Pet FeeiMax of 2. Charged Per Pet.$0.00/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
Google Map

Map

401 Fairfax Rd, Blacksburg, VA 24060

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 Bedrooms at Lantern Ridge Apartments currently start from $1,024. Call today for more info!

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 29.03% cheaper than the average apartment in the Ellett Jennelle area, and 23.93% 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$1,507-$483-32.1%
    2 Bedroom$1,125$1,633-$508-31.1%
    3 Bedroom$1,501$1,973-$472-23.9%

    Rent Comparison to the city of Blacksburg

    FloorplanLowest Price HereCity Average RentCost Difference%
    1 Bedroom$1,024$1,418-$394-27.8%
    2 Bedroom$1,125$1,532-$407-26.6%
    3 Bedroom$1,501$1,817-$316-17.4%

    Methodology: On 06/14/2026, ApartmentHomeLiving.com compared current rents by floorplan to 86 other apartment communities in the immediate area around Lantern Ridge Apartments (Ellett Jennelle), and 184 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 06/14/2026

  • 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 3.0

    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

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 $562
View Rentals

Ellett Jennelle

Studio to 4 Bedroom Apartments from $835
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 $1,418$830$1,875
Blacksburg 1 Bedroom Apartments $1,418$900$2,083
Blacksburg 2 Bedroom Apartments $1,532$840$2,599
Blacksburg 3 Bedroom Apartments $1,817$670$2,975
Blacksburg 4 Bedroom Apartments $1,367$485$4,000

Browse Top Apartments in Blacksburg

Viewing: Lantern Ridge Apartments | Desktop Version | Listing Updated: 05/26/2026 | AHLSLV