Cheap Apartments for Rent in the Fairfield Neighborhood of Richmond, VA from $500 (42 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.

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
  • Utilities Included
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Market Slip
1 to 2 Bedroom Apartments

Market Slip

2 S 17th StRichmond, VA 23219
  • Utilities Included

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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101 Poe St
2 Bedroom Apartments

101 Poe St

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

Tracks at the Masonry

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

The Rosa

744 N 2nd StRichmond, VA 23219
Senior Living
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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
  • Utilities Included
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1820 E Broad St
1 to 3 Bedroom Apartments

1820 E Broad St

1820 E Broad StRichmond, VA 23223
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Old Stone Row
1 to 2 Bedroom Apartments

Old Stone Row

2001 E Franklin StRichmond, VA 23223
  • Utilities Included
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Engine at The Masonry
1 to 2 Bedroom Apartments

Engine at The Masonry

2026 E Main StRichmond, VA 23223
  • Utilities Included

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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The Commons
Studio to 3 Bedroom Apartments

The Commons

15 E 2nd StRichmond, VA 23224

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 $981. Kings Point Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $990. Here are the most affordable Fairfield apartments for rent in Richmond, VA:

Apartment ListingModel NameBed/BathPriced From
Creighton Renaissance ApartmentsOne Bedroom - B1BR,1BA$981
Kings Point Apartments1BR/1BA1BR,1BA$990
The Masonry ApartmentsMasonry BF-A11BR,1BA$995
Van de VyverThe ReserveStudio,1BA$998
Pointe at River CitySilver2BR,1BA$999
Jefferson Townhouses1X11BR,1BA$1,000
Cedar BroadA2b1BR,1BA$1,045
Attain ShockoeElmwood1BR,1BA$1,068
The Shockoe Collection1 Bed 1 Bath1BR,1BA$1,099

Best Value Apartments for Rent in Fairfield, VA

As of October 28, 2025 the best value apartment in the Fairfield area is the $1.48 price per square foot Dill-C2 Model at The Dill Building in the in the East neighborhood starting from $2,259. The second greatest value Fairfield apartment is the Canal 236 2 Beds Model at Lofts and Upper Lofts at Canal Walk starting at $1,637 with a $1.26 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.
The Dill BuildingDill-C23BR,3BA$1.48
Lofts and Upper Lofts at Canal WalkCanal 236 2 BedsStudio ,1BA$1.26
Raven PlaceB1.12BR,2BA$1.47
Mortons Apartments1BR/1.5BA1BR,1.5BA$1.46
Flats at 25thElevation2BR,2BA$1.41
Marshall Street Apartments1BR/1.0BA1BR,1BA$1.25
Mallard GreensTWO BEDROOMS JUST FOR YOU!! AVAILABLE NOW - WH...2BR,1BA$1.33
Pointe at River CityDiamond2BR,1BA$1.40
Miller Lofts @ Plant Zero1 Bedroom 1 Bath1BR,1BA$1.57
1527 Mechanicsville Tpke, Unit 11527 Mechanicsville Tpke1BR,1BA$1.17

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

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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

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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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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Quick 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.

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Pet Friendly Lifestyle
Fairfield, Richmond, VA

Ranked #32

Among cities in Virginia for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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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!

Getting Around the Fairfield Neighborhood in Richmond, VA

Walk Score®

34 / 100

Car-Dependent

Most errands require a car

Bike Score®

52 / 100

Bikeable

Some bike infrastructure

Transit Score®

36 / 100

Some Transit

A few nearby public transportation options

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 $1,099.

What is the price of a cheap apartment in Fairfield?

The cheapest apartment in Fairfield is Creighton Renaissance Apartments which is listed at $981, while the average apartment in Fairfield costs $2,155.

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 132 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 $924 which is $1,231 cheaper than the average rent for all rentals in Fairfield.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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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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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.