Cheap Apartments for Rent in the Fairfield Neighborhood of Richmond, VA from $500 (140 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Fairfield area of Richmond.

property at 517 Mosby St

$775

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$775
Total Monthly Price
$775

1 Bedroom, 2 Bath Home for Rent

Available Now

517 Mosby St

RichmondVA23223
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The Masonry Apartments
Rent Specials
$1,016 - $1,791
Total Monthly Price

Total Monthly Price

Base Rent
$925 - $1,700
Required Monthly Fees
Varies
Total Monthly Price
Varies
Studio to 3 Bedroom Apartments Available Now

The Masonry Apartments

2001 E Franklin StRichmond, VA 23223
Student Housing
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  • Customer Reviewed
  • 3D Tour

The Richmond Renter's Guide to Living Near Work

Get the inside scoop on Richmond's most livable neighborhoods and find the perfect apartment close to where you work. Our local expert breaks it all down by the city's top employers like VCU Health and Costar.

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property at 927 N 20th St

$1,050

Total Monthly Price

Total Monthly Price

Base Rent
$1,050
Total Monthly Price
$1,050

1 Bedroom, 1 Bath Home for Rent

Available Now

927 N 20th St

RichmondVA23223

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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property at 3528 E Richmond Rd

$1,175

Total Monthly Price

Total Monthly Price

Base Rent
$1,175
Total Monthly Price
$1,175

2 Bedroom, 1 Bath Home for Rent

Available Now

3528 E Richmond Rd

RichmondVA23223
property at 503 E Main St

$1,195

Total Monthly Price

Total Monthly Price

Base Rent
$1,195
Total Monthly Price
$1,195

1 Bedroom, 1 Bath Home for Rent

Available Now

503 E Main St

RichmondVA23219
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Smokehouse Lofts
Rent Specials
$1,195
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,195
Total Monthly Price
$1,195
1 Bedroom Apartments Available Aug 6

Smokehouse Lofts

110-114 S 15th StRichmond, VA 23219
Transit Friendly
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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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property at 604 N 32nd St

$1,200

Total Monthly Price

Total Monthly Price

Base Rent
$1,200
Total Monthly Price
$1,200

1 Bedroom, 1 Bath Home for Rent

Available Aug 11

604 N 32nd St

RichmondVA23223
property at 3119 4th Ave

$1,225

Total Monthly Price

Total Monthly Price

Base Rent
$1,225
Total Monthly Price
$1,225

2 Bedroom, 1 Bath Townhome for Rent

Available Now

3119 4th Ave

RichmondVA23222
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The Shockoe Collection
$1,249 - $2,549
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,099 - $2,399
Required Monthly Fees
$150
Total Monthly Price
$1,249 - $2,549
1 to 3 Bedroom Apartments Available Now

The Shockoe Collection

104 Shockoe SlipRichmond, VA 23219
Student Housing
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Deco at CNB
$1,269 - $1,967
Total Monthly Price

Total Monthly Price

Base Rent
$1,263 - $1,961
Required Monthly Fees
Varies
Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Aug 8

Deco at CNB

219 E Broad StRichmond, VA 23219
Student Housing
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  • 3D Tour

Richmond’s Best Affordable Neighborhoods

Learn about Richmond and the best affordable places to live by our Local Expert Richard Corrigan

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Showing Results 1-50, Page 1 of 3

Fairfield, Richmond, VA Local Guide

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 Tobacco Landing priced from $851. Lofts and Upper Lofts at Canal Walk III has the second lowest priced unit, which is a Studio apartment currently listed from $900. Here are the most affordable Fairfield apartments for rent in Richmond, VA:

Apartment ListingModel NameBed/BathPriced From
Tobacco LandingOne Bedroom1BR,1BA$851
Lofts and Upper Lofts at Canal Walk IIIStudioStudio,1BA$900
Creighton Renaissance ApartmentsOne Bedroom - B1BR,1BA$981
Van de VyverThe ReserveStudio,1BA$998
Raven PlaceA11BR,1BA$999
Jefferson Townhouses1X11BR,1BA$1,000
American Tobacco CollectionSCenter-A141BR,1BA$1,018
Kings Point Apartments1BR/1BA1BR,1BA$1,030
Lofts and Upper Lofts at Canal Walk - Canal I and Canal IICanal 236 StudioStudio,1BA$1,065

Best Value Apartments for Rent in Fairfield, VA

As of August 05, 2026 the best value apartment in the Fairfield area is the $1.30 price per square foot Two Bed Two Bath Model at Broadway Apartments in the in the Downtown Richmond neighborhood starting from $1,771. The second greatest value Fairfield apartment is the 1 Bedroom 1.5 Bath Model at Miller and Rhoads Residences starting at $1,753 with a $1.35 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Broadway ApartmentsTwo Bed Two Bath2BR,2BA$1.30
Miller and Rhoads Residences1 Bedroom 1.5 Bath1BR,1.5BA$1.35
Townsend SquareTownhomes starting at $1080.00- Now Accepting A...2BR,1BA$0.94
Marshall Street Apartments1 Bedroom / 1 Bath - 632sqft1BR,1BA$1.33
Glenwood Ridge Apartments2 bedroom2BR,2BA$1.13
Mortons Apartments1BR/1.0BA1BR,1BA$1.32
Mallard GreensMake Your Move This June to Mallard Greens!!2BR,1BA$1.33
Creighton Renaissance ApartmentsOne Bedroom - B1BR,1BA$1.26
Tobacco LandingOne Bedroom1BR,1BA$1.29
1527 Mechanicsville Tpke, Unit 11527 Mechanicsville Tpke1BR,1BA$1.33

Don'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.

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The 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

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Real Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University

From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.

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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 $1,065.

What is the price of a cheap apartment in Fairfield?

The cheapest apartment in Fairfield is Tobacco Landing which is listed at $851, while the average apartment in Fairfield costs $1,585.

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 100 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 $725 which is $860 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

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