Cheap Apartments for Rent in the Fairfield Neighborhood of Richmond, VA from $500 (54 Rentals)

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

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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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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Jefferson Mews
1 to 3 Bedroom Apartments

Jefferson Mews

600 Jefferson AveRichmond, VA 23223
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Market Slip
1 to 2 Bedroom Apartments

Market Slip

2 S 17th StRichmond, VA 23219
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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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101 Poe St
2 Bedroom Apartments

101 Poe St

101 Poe StRichmond, VA 23222
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Tracks at the Masonry
Studio to 2 Bedroom Apartments

Tracks at the Masonry

1716 E Cary StRichmond, VA 23223
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The Rosa
1 Bedroom Apartments

The Rosa

744 N 2nd StRichmond, VA 23219
Senior Living
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416 E Grace St
2 Bedroom Apartments

416 E Grace St

416 E Grace StRichmond, VA 23219
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501-503 E Main St
1 Bedroom Apartments

501-503 E Main St

501-503 E Main StRichmond, VA 23219

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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Ashley Oaks Apartments
2 to 3 Bedroom Apartments

Ashley Oaks Apartments

1400 Jennie Scher RdRichmond, VA 23231
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Tobacco Landing
1 to 2 Bedroom Apartments

Tobacco Landing

2701 E Main StRichmond, VA 23223
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Cedar Broad
1 to 3 Bedroom Apartments

Cedar Broad

1820 E Broad StRichmond, VA 23223
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Mallard Greens
1 to 3 Bedroom Apartments

Mallard Greens

2852 Fairfield AveRichmond, VA 23223
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Old Stone Row
1 to 2 Bedroom Apartments

Old Stone Row

2001 E Franklin StRichmond, VA 23223
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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.

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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 2 Beds unit found at Highland Terrace Apartments priced from $946. The Masonry Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $995. Here are the most affordable Fairfield apartments for rent in Richmond, VA:

Apartment ListingModel NameBed/BathPriced From
Highland Terrace Apartments2-Bedroom2BR,2BA$946
The Masonry ApartmentsMasonry TS-S1Studio,1BA$995
Van de VyverThe ReserveStudio,1BA$998
Hopper LoftsA21BR,1BA$999
Miller Lofts @ Plant Zero1 Bedroom 1 Bath1BR,1BA$999
Jefferson Townhouses1X11BR,1BA$1,000
Linden at Highland ParkOne Bedroom Apartment1BR,1BA$1,002
Atrium on Broad Apartments1BR/1.0BA1BR,1BA$1,025
Kings Point Apartments1BR/1BA1BR,1BA$1,030
Cedar BroadA2b1BR,1BA$1,045

Best Value Apartments for Rent in Fairfield, VA

As of January 28, 2026 the best value apartment in the Fairfield area is the $1.06 price per square foot Two Bed Two Bath Model at Broadway Apartments in the in the Downtown Richmond neighborhood starting from $1,446. The second greatest value Fairfield apartment is the 3BR/3.0BA Model at Jackson Street Lofts starting at $1,850 with a $1.47 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$1.06
Jackson Street Lofts3BR/3.0BA3BR,3BA$1.47
Raven PlaceB1.12BR,2BA$1.47
Townsend SquareTownhomes starting at $1050.00- Now Accepting A...2BR,1BA$0.91
ConsolidatedCO-B One Bedroom, One Bathroom1BR,1BA$1.46
Marshall Street Apartments1BR/1.0BA1BR,1BA$1.25
Highland Terrace Apartments2-Bedroom2BR,2BA$0.96
Mallard GreensWelcome to MallardGreens2BR,1BA$1.33
Miller Lofts @ Plant Zero1 Bedroom 1 Bath1BR,1BA$1.40
Atrium on Broad Apartments1BR/1.0BA1BR,1BA$1.44

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

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.

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Cash 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.

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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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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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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 $1,045.

What is the price of a cheap apartment in Fairfield?

The cheapest apartment in Fairfield is Hopper Lofts which is listed at $999, while the average apartment in Fairfield costs $2,371.

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 $461 which is $1,910 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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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.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.