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Lantern Ridge Apartments

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(540) 418-3431
Check Availability
401 Fairfax Rd, Blacksburg, VA 24060
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-$1,501 Total Monthly Price
    12 Month Lease Term

    Total Monthly Price

    Base Rent
    $1,024 - $1,501
    Total Monthly Price
    $1,024 - $1,501
  • 537–822 Square 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

Call Us:
(540) 418-3431
Ask About Our Move-In Specials

Office Hours

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
    Total Monthly Price

    Total Monthly Price

    Base Rent
    $1,024
    Total Monthly Price
    $1,024
    Available Now

    Model Gallery

    Photos

    Availability Details

    PriceAvailability DateUnitSq Ft
    $1,024Available NowOne Bedroom Units537 sq ft
    Prices shown for this property are the Total Monthly Price including Fees.

    Model Amenities and Features

    Features

    • Air Conditioning
    • Heating

    Kitchen

    • Dishwasher
    • Disposal
    • Kitchen
    • Range
    • Refrigerator

    Model Lease Information

    Model Price

    • $1,024Total Monthly Price
      Base Rent: $1,024
      Required Monthly Fees: None

  • 2 Bedrooms

    Two Bedroom Units

    2 Beds, 1 Bath, 671 sq ft
    Available Soon

    Model Gallery

    Photos

    Availability Details

    PriceAvailability DateUnitSq Ft
    $1,125Available SoonTwo Bedroom Units671 sq ft
    Prices shown for this property are the Total Monthly Price including Fees.

    Model Amenities and Features

    Features

    • Air Conditioning
    • Ceiling Fans
    • Heating

    Kitchen

    • Dishwasher
    • Disposal

    Model Lease Information

    Model Price

    • $1,125Total Monthly Price
      Base Rent: $1,125
      Required Monthly Fees: None

  • 3 Bedrooms

    Three Bedroom Units

    3 Beds, 1.5 Baths, 822 sq ft
    Available Soon

    Model Gallery

    Photos

    Availability Details

    PriceAvailability DateUnitSq Ft
    $1,501Available SoonThree Bedroom Units822 sq ft
    Prices shown for this property are the Total Monthly Price including Fees.

    Model Amenities and Features

    Features

    • Air Conditioning
    • Ceiling Fans
    • Heating

    Kitchen

    • Dishwasher
    • Disposal

    Model Lease Information

    Model Price

    • $1,501Total Monthly Price
      Base Rent: $1,501
      Required Monthly Fees: None
Price shown is total price based on community-supplied monthly required fees. 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

Request Tour
Call us at: (540) 418-3431 to request 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.

Ask About Our Fees

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
Ask About Our Amenities
Google Map

Map

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

Getting Around

  • 40 / 100 Fairly walkable

    Some day-to-day needs are within walking distance

  • 30 / 100 Limited public transit

    Transit is available for some trips

  • 30 / 100 Somewhat Bikeable

    Not very suitable for bicycle commuting and/or recreation

  • 100 / 100 Exceptionally car friendly

    Excellent access to freeways and/or major arteries, with almost no chance of parking problems

Scores provided by Local Logic details

Getting to Know the Area

  • 50 / 100 Restaurants

    Some restaurants within a few minutes

  • 30 / 100 Cafes

    Some cafés within walking distance

  • 40 / 100 Nightlife

    Some bars within walking distance

  • 40 / 100 Shopping

    Several shops within walking distance

  • 20 / 100 Noise Level

    Multiple sources of noise nearby

Scores provided by Local Logic

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 Value3.2

    The Lantern Ridge Apartments Apartments are 28.83% cheaper than the average apartment in the Ellett Jennelle area.

    Rent Comparison to the Ellett Jennelle Neighborhood

    FloorplanLowest Price Here*Neighborhood Avg RentNbhd Avg RentCost Difference%
    1 Bedroom$1,024$1,395-$371-26.6%
    2 Bedroom$1,125$1,652-$527-31.9%
    3 Bedroom$1,501$2,086-$585-28.0%
    Prices shown for this property are the Total Monthly Price including Fees.

    Methodology: On 09/12/2026, ApartmentHomeLiving.com compared current rents by floorplan to 31 other apartment communities in the immediate area around Lantern Ridge Apartments (Ellett Jennelle) 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 09/12/2026

    * Price shown is Total Monthly Price including fees

  • 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

Nearby Schools

Margaret Beeks Elementary School

Montgomery County Public Schools
709 Airport Road
Public School - Grades PK-5 (346 Students)
In Attendance Zone2 minute drive / 0.8 miles away
9/10
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

1 to 4 Bedroom Apartments from $1,015
View Rentals

Ellett Jennelle

Studio to 4 Bedroom Apartments from $1,015
View Rentals

Farmview/Ramble

Studio to 4 Bedroom Apartments from $810
View Rentals

Rental Price Ranges in the Area

BedroomAverage RentCheapest RentHighest Rent
Blacksburg Studio Apartments $1,405$700$1,940
Blacksburg 1 Bedroom Apartments $1,493$1,024$2,204
Blacksburg 2 Bedroom Apartments $1,512$580$2,634
Blacksburg 3 Bedroom Apartments $1,828$660$2,963
Blacksburg 4 Bedroom Apartments $1,442$625$4,000
2 Bedroom Homes$1,489$900$2,300
3 Bedroom Homes$1,944$670$4,500
4 Bedroom Homes$2,331$500$5,250
5 Bedroom Homes$2,743$1,850$3,400
6 Bedroom Homes$3,000$3,000$3,000

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Viewing: Lantern Ridge Apartments | Desktop Version | Listing Updated: 09/01/2026 | AHLSLV