
Cheap Apartments for Rent in the Fairfield Neighborhood of Richmond, VA from $550 (137 Rentals)
Search the lowest-cost Apartments available for rent right now in the Fairfield area of Richmond.


1927 Carrington St

1925 Carrington St

927 N 20th St

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Creighton Renaissance Apartments

1009 N 25th St

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Raven Place

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American Tobacco Collection

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The Hill Building

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The Edison
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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Van de Vyver

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Jefferson Townhouses

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The Masonry Apartments

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Flats at 25th

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Kings Point Apartments

3310 Barton Ave

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Townsend Square

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The River Lofts at Tobacco Row

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Smokehouse Lofts

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210 E Grace St
Rent According to Income: A Look at Income-Restricted Rentals
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Mallard Greens

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The Attain

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2400 Barton Ave

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Miller Lofts @ Plant Zero

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Highland Terrace Apartments

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The Current

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The Commons at Plant Zero

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Pointe at River City

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Residences at the John Marshall

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Hopper Lofts
Explore The River City Like a Local: The Insider's Guide to Renting in Richmond, VA
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Shockoe Valley View

3503 E Marshall St

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The Oliver

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Railyard Flats

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Lofts and Upper Lofts at Canal Walk III

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Marshall Street Apartments

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Poythress Apartments

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Atrium Lofts at Cold Storage

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The Villas of Oakwood

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Cigar Lofts
Richmond’s Best Affordable Neighborhoods
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Capitol Lofts

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The Hub Apartments

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South Bank

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The Cove Apartments

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Shockoe Collection

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Atrium on Broad Apartments

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Centennial Terrace

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3119 4th Ave, Unit A

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Pohlig Box Factory Apartments

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The Watkins at Shockoe
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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 | $1,384 | $995 | $1,827 |
| Fairfield 1 Bedroom Apartments | $1,482 | $800 | $2,899 |
| Fairfield 2 Bedroom Apartments | $1,825 | $945 | $4,229 |
| Fairfield 3 Bedroom Apartments | $2,332 | $825 | $3,066 |
| Fairfield 4 Bedroom Apartments | $2,668 | $735 | $5,649 |
Browse Apartments in this Neighborhood
There are currently 137 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 Tobacco Landing priced from $851. Raven Place has the second lowest priced unit, which is a 1 Bed apartment currently listed from $959. Here are the most affordable Fairfield apartments for rent in Richmond, VA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Tobacco Landing | One Bedroom | 1BR, 1BA | $851 |
| Raven Place | A.2 | 1BR, 1BA | $959 |
| Creighton Renaissance Apartments | One Bedroom - B | 1BR, 1BA | $981 |
| The Edison | Studio | 1BR, 1BA | $995 |
| The Hill Building | Studio | Studio, 1BA | $995 |
| Van de Vyver | The Reserve | Studio, 1BA | $998 |
| Jefferson Townhouses | 1X1 | 1BR, 1BA | $1,000 |
| American Tobacco Collection | ATC-A7 | 1BR, 1BA | $1,025 |
| Kings Point Apartments | 1BR/1BA | 1BR, 1BA | $1,030 |
Best Value Apartments for Rent in Fairfield, VA
As of September 19, 2026 the best value apartment in the Fairfield area is the $1.25 price per square foot CR-XB Three Bedroom, Three Bathroom Model at Cutters Ridge in the East neighborhood starting from $2,500. The second greatest value Fairfield apartment is the Two Bed Two Bath Model at Broadway Apartments in the Downtown Richmond neighborhood starting at $1,566 with a $1.15 price per square foot. 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. |
|---|---|---|---|
| Cutters Ridge | CR-XB Three Bedroom, Three Bathroom | 3BR, 3BA | $1.25 |
| Broadway Apartments | Two Bed Two Bath | 2BR, 2BA | $1.15 |
| Townsend Square | Townhomes starting at $1080.00- Now Accepting A... | 2BR, 1BA | $0.94 |
| Main2525 | 1BR/1.0BA | 1BR, 1BA | $1.29 |
| Consolidated | CO-F Two Bedroom, Two Bathroom | 2BR, 2BA | $1.48 |
| The James | JAMES-2 | 2BR, 2BA | $0.89 |
| Marshall Street Apartments | 1 Bedroom / 1 Bath - 632sqft | 1BR, 1BA | $1.25 |
| Creighton Renaissance Apartments | One Bedroom - B | 1BR, 1BA | $1.26 |
| Tobacco Landing | One Bedroom | 1BR, 1BA | $1.29 |
| 1527 Mechanicsville Tpke, Unit 1 | 1527 Mechanicsville Tpke | 1BR, 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.
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 ArticleNavigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
Read ArticleReal 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.
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
Fairfield Court Elementary School
Martin Luther King Jr. Middle School
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 $1,030.
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 $1,530.
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 119 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 $741 which is $789 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

Your Richmond Neighborhood Guide: Living Near the City's Top Employers
Written by: Richard Corrigan
Richmond is a beautiful place to live and work. The city has something for everyone—historic charm, trendy shops and boutiques, world-class restaurants and amazing urban parks and green spaces.

Explore The River City Like a Local: The Insider's 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.

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.

A Local Expert's 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.
Articles, How-To's, and Tips

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Written by: Robin Stewart
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How Commercial-to-Residential Property Conversions Help the Housing Crisis
Written by: Robin Stewart
Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.