
Cheap Apartments for Rent in the Fairfield Neighborhood of Richmond, VA from $500 (112 Rentals)
Search the lowest-cost Apartments available for rent right now in the Fairfield area of Richmond.


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Creighton Renaissance Apartments

3114 Barton Ave

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Mortons Apartments

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Hopper Lofts

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Van de Vyver

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1619 N 28th St

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Jefferson Townhouses

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The Masonry Apartments

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Flats at 25th
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Kings Point Apartments

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Green Park Apartments

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Residences at the John Marshall

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Townsend Square

927 N 20th St

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South Bank

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Linden at Highland Park

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The Corner Lofts

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The Edison Apartments

114 Virginia St
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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The Hill Building

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Glenwood Ridge Apartments

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Pointe at River City

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American Tobacco Center

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2400 Barton Ave

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Miller Lofts @ Plant Zero

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American Heritage Apartments

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Atrium on Broad

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River Lofts at Tobacco Row

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The Villas of Oakwood
Explore The River City Like a Local: The Insider's Guide to Renting in Richmond, VA
Thinking of moving to Richmond, VA? Learn why "The River City" is a perfect blend of big-city amenities and small-town charm, offering a low cost of living, minimal traffic, and a rich cultural scene.

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The Oliver

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Centennial Terrace

1608 Brookfield St

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Smokehouse Lofts

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Main2525

1007 N 25th St

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Shockoe Valley View

3 N 18th St

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1710 Lofts

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The Attain
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Saddlewood Townhomes

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Marshall Street Apartments

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Railyard Flats

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Atrium Lofts at Cold Storage

403 Stockton St

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The Current

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The Hub

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Flats at 14th

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First National Apartments

1605 Hickory St
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
Fairfield, Richmond, VA Local Guide

How much does it cost to rent an apartment in Fairfield?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Fairfield Studio Apartments | $1,329 | $998 | $2,471 |
| Fairfield 1 Bedroom Apartments | $1,489 | $770 | $2,765 |
| Fairfield 2 Bedroom Apartments | $1,718 | $899 | $3,895 |
| Fairfield 3 Bedroom Apartments | $2,255 | $759 | $3,059 |
| Fairfield 4 Bedroom Apartments | $1,154 | $689 | $1,620 |
Browse Apartments in this Neighborhood
There are currently 112 rentals with your search options within a 2 mile radius of the Fairfield Neighborhood of Richmond, VA.
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Fairfield, Richmond, VA Local Guide
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Cheapest Available Fairfield Apartments for Rent
 The cheapest available apartment rental in the Fairfield area of Richmond, VA is a 1 Bed unit found at Creighton Renaissance Apartments priced from $770. Highland Terrace Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $946. Here are the most affordable Fairfield apartments for rent in Richmond, VA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Creighton Renaissance Apartments | One Bedroom - D | 1BR,1BA | $770 |
| Highland Terrace Apartments | 2-Bedroom | 2BR,2BA | $946 |
| Shockoe Center | SCenter-A3 | 1BR,1BA | $974 |
| Mortons Apartments | 1BR/1.0BA | 1BR,1BA | $995 |
| Hopper Lofts | A1 | 1BR,1BA | $997 |
| Van de Vyver | The Reserve | Studio,1BA | $998 |
| Jefferson Townhouses | 1X1 | 1BR,1BA | $1,000 |
| 1619 N 28th St | 1 Bed 1 Bath - Furnished | 1BR,1BA | $1,000 |
| Tobacco Landing | Two Bedroom | 2BR,2BA | $1,021 |
Best Value Apartments for Rent in Fairfield, VA
As of March 23, 2026 the best value apartment in the Fairfield area is the $1.03 price per square foot 612 Hull St Model at 612 Hull St, Unit #301 in the in the Old South neighborhood starting from $3,895. The second greatest value Fairfield apartment is the Canal 236 1 Bed Model at Lofts and Upper Lofts at Canal Walk - Canal I and Canal II starting at $1,275 with a $0.98 price per square foot in the Downtown Richmond neighborhood. Here is today’s list of the best values for Fairfield apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 612 Hull St, Unit #301 | 612 Hull St | 2BR,2.5BA | $1.03 |
| Lofts and Upper Lofts at Canal Walk - Canal I and Canal II | Canal 236 1 Bed | 1BR,1BA | $0.98 |
| Broadway Apartments | Two Bed Two Bath | 2BR,2BA | $1.33 |
| Townsend Square | Townhomes starting at $1050.00- Now Accepting A... | 2BR,1BA | $0.91 |
| Marshall Street Apartments | 1 Bedroom / 1 Bath - 632sqft | 1BR,1BA | $1.23 |
| Highland Terrace Apartments | 2-Bedroom | 2BR,2BA | $0.96 |
| Glenwood Ridge Apartments | 2 bedroom | 2BR,2BA | $1.13 |
| Tobacco Landing | Two Bedroom | 2BR,2BA | $1.14 |
| Mallard Greens | Welcome Home to Mallard Greens Townhomes!! | 2BR,1BA | $1.33 |
| 1527 Mechanicsville Tpke | 1527 Mechanicsville Tpke | 1BR,1BA | $1.17 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
Read ArticleThe Ultimate Renter's Guide for Finding the Perfect Student Friendly Richmond Neighborhood to Rent
Learn about the best neighborhoods for student renters near Richmond Colleges and Universities by our Local Expert Richard Corrigan
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Best Local Schools in Fairfield, Richmond, VA
School data provided by Great Schools
Lifestyle Ratings
ApartmentHomeLiving brings you comprehensive Lifestyle Ratings of rentals and neighborhoods across the USA, including Fairfield, Richmond, and the greater Richmond area. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including rankings of the best places for the best outdoor access, luxury amenities, family-friendliness, raising pets, transit options, and how walkable or bikeable each community and area is. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!
Frequently Asked Questions about Cheap Fairfield Apartments
What is a cheap apartment in Fairfield?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Fairfield is under $1,021.
What is the price of a cheap apartment in Fairfield?
The cheapest apartment in Fairfield is Creighton Renaissance Apartments which is listed at $770, while the average apartment in Fairfield costs $2,356.
What types of apartments are the cheapest in Fairfield?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 103 regular apartments in Fairfield that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Fairfield?
Cheap apartments in Fairfield have an average cost of $495 which is $1,861 cheaper than the average rent for all rentals in Fairfield.
Expert Rental Resources
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.
Helpful Local Expert Guides

A Local Experts Guide To the Top Budget-Friendly Neighborhoods to Rent in Richmond, VA
Written by: Richard Corrigan
Richmond is rightly considered one of the best places to live on the East Coast. We love Richmond’s rich history, phenomenal culinary scene, unique art and culture, and its next-level parks and green spaces.

Your Guide to Picking the Perfect Richmond Neighborhood for Student Renters
Written by: Richard Corrigan
Richmond isn't always thought of as a college town, but there are actually several major colleges and universities here. One thing Richmond does get credit for—and rightfully so—is being a very neighborhood-friendly city.

Explore The River City Like a Local: The Insiders Guide to Renting in Richmond, VA
Written by: Richard Corrigan
Welcome to Richmond! For those unfamiliar, it’s Virginia’s state capitol, a city with a long and rich history, and—some might say—Virginia’s biggest small town. There’s a lot to love about living here.
Articles, How-To's, and Tips

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.