Cheap Apartments for Rent in the Fairfield Neighborhood of Richmond, VA from $500 (112 Rentals)

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

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Mortons Apartments
$995 - $1,569
Total Monthly Price

Total Monthly Price

Base Rent
$995 - $1,569

Total Monthly Price
$995 - $1,569
1 Bedroom Apartments Available Now

Mortons Apartments

213 E Broad StRichmond, VA 23219
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Hopper Lofts
$997 - $1,623
Total Monthly Price

Total Monthly Price

Base Rent
$997 - $1,623

Total Monthly Price
$997 - $1,623
1 to 2 Bedroom Apartments Available Now

Hopper Lofts

700 Everett StRichmond, VA 23224
Corporate Housing
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Van de Vyver
Rent Specials
$998 - $1,489
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$998 - $1,489

Total Monthly Price
$998 - $1,489
Studio to 2 Bedroom Apartments Available Now

Van de Vyver

713 N 1st StRichmond, VA 23219
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1619 N 28th St
$1,000 - $2,400
Total Monthly Price1 Month Lease Term

Total Monthly Price

Base Rent
$1,000 - $2,400

Total Monthly Price
$1,000 - $2,400
1 Bedroom Apartments Available Now

1619 N 28th St

1619 N 28th StRichmond, VA 23223
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  • Smoke Free
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Jefferson Townhouses
$1,000 - $1,620
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,000 - $1,620

Total Monthly Price
$1,000 - $1,620
1 to 4 Bedroom Apartments Available Now

Jefferson Townhouses

1951 Venable StRichmond, VA 23223
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  • Low Income
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The Masonry Apartments
$1,016 - $2,340
Total Monthly Price

Total Monthly Price

Base Rent
$925 - $2,249
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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  • Low Income
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Flats at 25th
$1,025 - $1,550
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,025 - $1,550

Total Monthly Price
$1,025 - $1,550
1 to 2 Bedroom Apartments Available Apr 15

Flats at 25th

2400 Fairmount AveRichmond, VA 23223
Affordability
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  • Utilities Included
  • 3D Tour

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
$1,030 - $1,625
Total Monthly Price

Total Monthly Price

Base Rent
$1,030 - $1,625

Total Monthly Price
$1,030 - $1,625
1 to 3 Bedroom Apartments Available Now

Kings Point Apartments

3401 Prince David DrRichmond, VA 23223
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Green Park Apartments
Rent Specials
$1,037 - $1,986
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,037 - $1,986

Total Monthly Price
$1,037 - $1,986
1 to 3 Bedroom Apartments Available Now

Green Park Apartments

2921 Woodcliff AveRichmond, VA 23222
Cost Per Sq.Ft.
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  • Low Income
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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
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South Bank
$1,056 - $1,713
Total Monthly Price

Total Monthly Price

Base Rent
$1,056 - $1,713

Total Monthly Price
$1,056 - $1,713
1 to 2 Bedroom Apartments Available Now

South Bank

307 Stockton StRichmond, VA 23224
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The Corner Lofts
$1,079 - $1,180
Total Monthly Price

Total Monthly Price

Base Rent
$1,079 - $1,180

Total Monthly Price
$1,079 - $1,180
Studio to 1 Bedroom Apartments Available Apr 21

The Corner Lofts

1323 1/2 E Main StRichmond, VA 23219
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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
$1,095 - $1,795
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,095 - $1,795

Total Monthly Price
$1,095 - $1,795
Studio to 2 Bedroom Apartments Available Now

The Hill Building

114 Virginia StRichmond, VA 23219
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Glenwood Ridge Apartments
Rent Specials
$1,109 - $1,900
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,109 - $1,900

Total Monthly Price
$1,109 - $1,900
2 to 3 Bedroom Apartments Available Now

Glenwood Ridge Apartments

3801 Glenwood AveRichmond, VA 23223
Affordability
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  • Utilities Included
  • Low Income
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2400 Barton Ave
$1,130 - $1,180
Total Monthly Price

Total Monthly Price

Base Rent
$1,130 - $1,180

Total Monthly Price
$1,130 - $1,180
2 Bedroom Apartments Contact Us For Availability

2400 Barton Ave

2400 Barton AveRichmond, VA 23222
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Atrium on Broad
$1,149 - $1,450
Total Monthly Price

Total Monthly Price

Base Rent
$1,149 - $1,450

Total Monthly Price
$1,149 - $1,450
1 Bedroom Apartments Available Now

Atrium on Broad

115 E Broad StRichmond, VA 23219
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The Villas of Oakwood
$1,174 - $1,450
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,174 - $1,450

Total Monthly Price
Varies
2 Bedroom Apartments Available Now

The Villas of Oakwood

3508 E Richmond RdRichmond, VA 23223
Affordability
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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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The Oliver
$1,177 - $1,409
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,177 - $1,409

Total Monthly Price
$1,177 - $1,409
1 to 2 Bedroom Apartments Available Apr 11

The Oliver

908 Oliver Hill WayRichmond, VA 23219
Family Friendly
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  • Utilities Included
  • Low Income
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Centennial Terrace
$1,185 - $1,416
Total Monthly Price

Total Monthly Price

Base Rent
$1,185 - $1,416

Total Monthly Price
$1,185 - $1,416
Studio to 1 Bedroom Apartments Available May 7

Centennial Terrace

507 E Main StRichmond, VA 23219
Corporate Housing
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property at 1608 Brookfield St

$1,195

Total Monthly Price

Total Monthly Price

Base Rent
$1,195

Total Monthly Price
$1,195

2 Bedroom, 1 Bath Home for Rent

Available Now

1608 Brookfield St

RichmondVA23222
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Smokehouse Lofts
$1,195 - $1,895
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,195 - $1,895

Total Monthly Price
$1,195 - $1,895
1 to 2 Bedroom Apartments Available Now

Smokehouse Lofts

110-114 S 15th StRichmond, VA 23219
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Main2525
Rent Specials
$1,195 - $1,895
Total Monthly Price

Total Monthly Price

Base Rent
$1,195 - $1,895

Total Monthly Price
$1,195 - $1,895
Studio to 2 Bedroom Apartments Available Now

Main2525

2525 E Main StRichmond, VA 23223
Affordability
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property at 1007 N 25th 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

1007 N 25th St

RichmondVA23223
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Shockoe Valley View
$1,199 - $2,049
Total Monthly Price

Total Monthly Price

Base Rent
$1,199 - $2,049

Total Monthly Price
$1,199 - $2,049
1 to 3 Bedroom Apartments Available Now

Shockoe Valley View

1904 Cedar StRichmond, VA 23223
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property at 3 N 18th St

$1,200

Total Monthly Price

Total Monthly Price

Base Rent
$1,200

Total Monthly Price
$1,200

Studio, 1 Bath Home for Rent

Available Apr 28

3 N 18th St

RichmondVA23223
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1710 Lofts
$1,205 - $1,255
Total Monthly Price

Total Monthly Price

Base Rent
$1,205 - $1,255

Total Monthly Price
$1,205 - $1,255
1 Bedroom Apartments Contact Us For Availability

1710 Lofts

1710 E Franklin StRichmond, VA 23223
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The Attain
$1,214 - $2,693
Total Monthly Price

Total Monthly Price

Base Rent
$1,214 - $2,693

Total Monthly Price
$1,214 - $2,693
Studio to 3 Bedroom Apartments Available Now

The Attain

1903 E Marshall StRichmond, VA 23223
Affordability
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  • 3D Tour

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
$1,225 - $1,325
Total Monthly Price

Total Monthly Price

Base Rent
$1,225 - $1,325

Total Monthly Price
$1,225 - $1,325
2 Bedroom Apartments Contact Us For Availability

Saddlewood Townhomes

3733 King And Queen DrRichmond, VA 23223
Cost Per Sq.Ft.
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Marshall Street Apartments
$1,225 - $1,675
Total Monthly Price1 Month Lease Term

Total Monthly Price

Base Rent
$1,225 - $1,675

Total Monthly Price
$1,225 - $1,675
1 Bedroom Apartments Available Now

Marshall Street Apartments

220 E Marshall StRichmond, VA 23219
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Railyard Flats
$1,230 - $1,730
Total Monthly Price

Total Monthly Price

Base Rent
$1,230 - $1,730

Total Monthly Price
$1,230 - $1,730
1 to 2 Bedroom Apartments Available Now

Railyard Flats

104 E 2nd StRichmond, VA 23224
Affordability
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property at 403 Stockton St

$1,230 - $1,565

Total Monthly Price

Total Monthly Price

Base Rent
$1,230

Total Monthly Price
$1,230

1 To 2 Bedroom Rentals

Available Now

403 Stockton St

RichmondVA23224
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The Current
$1,233 - $2,662
Total Monthly Price

Total Monthly Price

Base Rent
$1,233 - $2,662

Total Monthly Price
$1,233 - $2,662
Studio to 2 Bedroom Apartments Available Now

The Current

400 Hull StRichmond, VA 23224
Luxury
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The Hub
Rent Specials
$1,235 - $1,985
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,235 - $1,985

Total Monthly Price
$1,235 - $1,985
Studio to 2 Bedroom Apartments Available Now

The Hub

500 Maury StRichmond, VA 23224
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Flats at 14th
Rent Specials
$1,239 - $1,364
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,239 - $1,364

Total Monthly Price
$1,239 - $1,364
1 Bedroom Apartments Available Now

Flats at 14th

10 S 14th StRichmond, VA 23219
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property at 1605 Hickory St

$1,249

Total Monthly Price

Total Monthly Price

Base Rent
$1,249

Total Monthly Price
$1,249

2 Bedroom, 1 Bath Home for Rent

Available Now

1605 Hickory St

RichmondVA23222

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

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 ListingModel NameBed/BathPriced From
Creighton Renaissance ApartmentsOne Bedroom - D1BR,1BA$770
Highland Terrace Apartments2-Bedroom2BR,2BA$946
Shockoe CenterSCenter-A31BR,1BA$974
Mortons Apartments1BR/1.0BA1BR,1BA$995
Hopper LoftsA11BR,1BA$997
Van de VyverThe ReserveStudio,1BA$998
Jefferson Townhouses1X11BR,1BA$1,000
1619 N 28th St1 Bed 1 Bath - Furnished1BR,1BA$1,000
Tobacco LandingTwo Bedroom2BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
612 Hull St, Unit #301612 Hull St2BR,2.5BA$1.03
Lofts and Upper Lofts at Canal Walk - Canal I and Canal IICanal 236 1 Bed1BR,1BA$0.98
Broadway ApartmentsTwo Bed Two Bath2BR,2BA$1.33
Townsend SquareTownhomes starting at $1050.00- Now Accepting A...2BR,1BA$0.91
Marshall Street Apartments1 Bedroom / 1 Bath - 632sqft1BR,1BA$1.23
Highland Terrace Apartments2-Bedroom2BR,2BA$0.96
Glenwood Ridge Apartments2 bedroom2BR,2BA$1.13
Tobacco LandingTwo Bedroom2BR,2BA$1.14
Mallard GreensWelcome Home to Mallard Greens Townhomes!!2BR,1BA$1.33
1527 Mechanicsville Tpke1527 Mechanicsville Tpke1BR,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.

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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 Long-Distance Moving Checklist: Tips from a Real Estate Pro

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

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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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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.

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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

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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.

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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.

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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

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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.

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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.

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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.

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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.