Cheap Apartments for Rent in the Fairmount Neighborhood of Richmond, VA from $500 (57 Rentals)
Search the lowest-cost Apartments available for rent right now in the Fairmount area of Richmond.

Towers on Franklin

2001 East

Miller Lofts @ Plant Zero

The Edison Apartments

Attain Shockoe

210 E Grace St

Van de Vyver

Jefferson Townhouses
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.

District Square Apartments

The Foundry Apartments

American Tobacco Center

City View Place

The Mezzo Lofts

1808 Williamsburg Rd

1407 E Cary Street
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.
Richmond’s Best Affordable Neighborhoods
Learn about Richmond and the best affordable places to live by our Local Expert Richard Corrigan

Carter Woods - 62 + Better Senior Community
Navigating 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.
Fairmount, Richmond, VA Local Guide

How much does it cost to rent an apartment in Fairmount?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Fairmount Studio Apartments | $1,214 | $850 | $2,613 |
Fairmount 1 Bedroom Apartments | $1,512 | $925 | $3,486 |
Fairmount 2 Bedroom Apartments | $1,870 | $799 | $7,268 |
Fairmount 3 Bedroom Apartments | $2,027 | $699 | $3,446 |
Fairmount 4 Bedroom Apartments | $1,086 | $599 | $2,595 |
Browse Apartments in this Neighborhood
There are currently 57 rentals with your search options within a 2 mile radius of the Fairmount Neighborhood of Richmond, VA.
See all Apartments in RichmondExplore Richmond
Fairmount, Richmond, VA Local Guide
- Nearby Richmond neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Fairmount Apartments for Rent
 The cheapest available apartment rental in the Fairmount area of Richmond, VA is a 2 Beds unit found at New Manchester Flats priced from $837. 2001 East has the second lowest priced unit, which is a 1 Bed apartment currently listed from $925. Here are the most affordable Fairmount apartments for rent in Richmond, VA:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
New Manchester Flats | The Bainbridge | 2BR,1BA | $837 |
2001 East | A3 | 1BR,1BA | $925 |
Miller Lofts @ Plant Zero | 1 Bedroom 1 Bath | 1BR,1BA | $950 |
Van de Vyver | The Reserve | Studio,1BA | $998 |
Dogtown Apartments | 1 Bedroom Standard | 1BR,1BA | $999 |
Townsend Square | Townhomes starting at $1000.00- Now Accepting A... | 2BR,1BA | $1,000 |
District Square Apartments | 1Bd1Ba--590 | 1BR,1BA | $1,012 |
City View Place | 2 Bedroom Unit | 2BR,1BA | $1,056 |
The Mezzo Lofts | Mosaic Gallery - 1 Bedroom 1 Bath | 1BR,1BA | $1,070 |
Shockoe Commons | A2 | 1BR,1BA | $1,075 |
Best Value Apartments for Rent in Fairmount, VA
As of June 01, 2025 the best value apartment in the Fairmount area is the $1.32 price per square foot 612 Hull St Model at 612 Hull St, Unit #302 in the in the Old South neighborhood starting from $2,500. The second greatest value Fairmount apartment is the 4x2 - Priced Per Bedroom Model at Marshall Park starting at $750 with a $0.51 price per square foot in the Downtown Richmond neighborhood. Here is today’s list of the best values for Fairmount apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
612 Hull St, Unit #302 | 612 Hull St | 1BR,2BA | $1.32 |
Marshall Park | 4x2 - Priced Per Bedroom | 4BR,2BA | $0.51 |
Park Plaza @ Belvidere | 2BR/2.0BA | 2BR,2BA | $1.34 |
The Hudson | The Belvidere | 2BR,1BA | $1.26 |
Townsend Square | Townhomes starting at $1000.00- Now Accepting A... | 2BR,1BA | $0.87 |
1407 E Cary Street | 1 Beds, 1 Baths | 1BR,1BA | $1.11 |
Miller Lofts @ Plant Zero | 2 Bedroom 2 Bath | 2BR,2BA | $1.39 |
The Berkshire | Park | 1BR,1BA | $1.34 |
City View Place | 2 Bedroom Unit | 2BR,1.5BA | $1.14 |
Mallard Greens | TWO BEDROOMS JUST FOR YOU!! AVAILABLE NOW - WH... | 2BR,1BA | $1.33 |
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.
Pet Friendly LifestyleFairmount, Richmond, VA
Ranked #13
Among neighborhoods in Richmond, VA for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in Fairmount, Richmond, VA
Martin Luther King Jr. Middle
School data provided by Great Schools
Lifestyle Ratings
ApartmentHomeLiving brings you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals and neighborhoods across the USA, including Fairmount, Richmond, and the greater Richmond area. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including filtering automatically for the best proximity to parks and outdoor amenities, luxury housing options, kid and pet-friendly communities, availability of transit options, and much more. These search options are in the site filters at the top of this page.
Getting Around the Fairmount Neighborhood in Richmond, VA
Walk Score®
72 / 100
Very Walkable
Most errands can be accomplished on foot
Bike Score®
60 / 100
Bikeable
Some bike infrastructure
Transit Score®
43 / 100
Some Transit
A few nearby public transportation options
What Are Walk Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® measures the bikeability of any address.
Frequently Asked Questions about Cheap Fairmount Apartments
What is the Cheapest Studio apartment in Fairmount?
Currently the most affordable Cheap Studio Apartment in Fairmount is at Van de Vyver listed at $998.
How much is rent for a Cheap One Bedroom Fairmount Apartment?
The lowest price for a Cheap One Bedroom Fairmount Apartment is $925 at 2001 East.
What is the lowest price for a Cheap Two Bedroom Fairmount Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Fairmount is starting from $837 at New Manchester Flats.
What is the most affordable Fairmount Three Bedroom Apartment?
The best deal on a cheap Fairmount Three Bedroom Apartment rental is at Parc View at Commonwealth and starts from $1,199.
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.

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.

The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.