Cheap Apartments for Rent in the Fairmount Neighborhood of Richmond, VA from $550 (244 Rentals)

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

property at 927 N 20th St
$900

Total Monthly Price

Base Rent$900

Total Monthly Price$900
1 Bedroom, 1 Bath Home for Rent
Available Now
Cost Per Sq.Ft.

927 N 20th St

RichmondVA23223
property at 1927 Carrington St
$900

Total Monthly Price

Base Rent$900

Total Monthly Price$900
1 Bedroom, 1 Bath Home for Rent
Available Now
Affordability

1927 Carrington St

RichmondVA23223
property at 1925 Carrington St
$900

Total Monthly Price

Base Rent$900

Total Monthly Price$900
1 Bedroom, 1 Bath Home for Rent
Available Now
Affordability

1925 Carrington St

RichmondVA23223

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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T and E Apartments
$995 - $2,195

Total Monthly Price

Base Rent$995 - $2,195

Total Monthly Price$995 - $2,195
12 Month Lease Term
Studio to 3 Bedroom Apartments Contact Us For Availability

T and E Apartments

1011 W Marshall StRichmond, VA 23220
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property at 411 W Duval St
$995

Total Monthly Price

Base Rent$995

Total Monthly Price$995
2 Bedroom, 1 Bath Home for Rent
Available Now

411 W Duval St

RichmondVA23220
property at 1019 W Leigh St
$995

Total Monthly Price

Base Rent$995

Total Monthly Price$995
1 Bedroom, 1 Bath Home for Rent
Available Oct 10
Affordability

1019 W Leigh St

RichmondVA23220
property at 7 W 13th St
$1,000 - $1,100

Total Monthly Price

Base Rent$1,000

Total Monthly Price$1,000
1 Bedroom Rentals
Available Now
Affordability

7 W 13th St

RichmondVA23224

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

property at 315 N Adams St
$1,050

Total Monthly Price

Base Rent$1,050

Total Monthly Price$1,050
1 Bedroom, 1 Bath Home for Rent
Available Oct 12

315 N Adams St

RichmondVA23220
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The Masonry Apartments
Rent Specials
$1,091 - $1,861

Total Monthly Price

Base Rent$1,000 - $1,770
Required Monthly FeesVaries

Total Monthly PriceVaries
Studio to 3 Bedroom Apartments Available Now

The Masonry Apartments

2001 E Franklin StRichmond, VA 23223
Student Housing
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Smokehouse Lofts
$1,095 - $1,195

Total Monthly Price

Base Rent$1,095 - $1,195

Total Monthly Price$1,095 - $1,195
12 Month Lease Term
1 Bedroom Apartments Available Now

Smokehouse Lofts

110-114 S 15th StRichmond, VA 23219
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209 E Main St
$1,100 - $1,700

Total Monthly Price

Base Rent$1,100 - $1,700

Total Monthly PriceVaries
1 to 2 Bedroom Apartments Available Now

209 E Main St

209 E Main StRichmond, VA 23219
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 View at Belle Isle
$1,115 - $1,404

Total Monthly Price

Base Rent$1,110 - $1,399
Required Monthly Fees$5

Total Monthly Price$1,115 - $1,404
12 Month Lease Term
1 to 2 Bedroom Apartments Available Now

The View at Belle Isle

812 Hull StRichmond, VA 23224
Affordability
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  • Low Income

Richmond’s Best Affordable Neighborhoods

Learn about Richmond and the best affordable places to live by our Local Expert Richard Corrigan

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Towers on Franklin
Rent Specials
$1,155 - $2,139

Total Monthly Price

Base Rent$1,010 - $1,994
Required Monthly Fees$145

Total Monthly Price$1,155 - $2,139
12 Month Lease Term
Studio to 2 Bedroom Apartments Available Now

Towers on Franklin

104 W Franklin StRichmond, VA 23220
Student Housing
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property at 308 W Broad St
$1,175

Total Monthly Price

Base Rent$1,175

Total Monthly Price$1,175
1 Bedroom, 1 Bath Home for Rent
Available Now
Cost Per Sq.Ft.

308 W Broad St

RichmondVA23220
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311 W. Franklin
Rent Specials
$1,195 - $1,695

Total Monthly Price

Base Rent$1,195 - $1,695

Total Monthly Price$1,195 - $1,695
12 Month Lease Term
Studio to 2 Bedroom Apartments Available Now

311 W. Franklin

311 W Franklin StRichmond, VA 23220
Student Housing
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property at 1518 Porter St
$1,195

Total Monthly Price

Base Rent$1,195

Total Monthly Price$1,195
2 Bedroom, 1 Bath Home for Rent
Available Now
Cost Per Sq.Ft.

1518 Porter St

RichmondVA23224

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

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Fairmount, Richmond, VA Local Guide

Cheapest Available Fairmount Apartments for Rent

 

The cheapest available apartment rental in the Fairmount area of Richmond, VA is a 1 Bed unit found at 11 E Broad St priced from $749. Manchester Grand Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $770. Here are the most affordable Fairmount apartments for rent in Richmond, VA:

Apartment ListingModel NameBed/BathPriced From
11 E Broad St1 Beds, 1 Baths1BR,1BA$749
Manchester Grand Apartments1 Bedroom, 1 Bathroom1BR,1BA$770
New Manchester FlatsThe Bainbridge2BR,1BA$835
Tobacco LandingOne Bedroom1BR,1BA$851
Lofts and Upper Lofts at Canal Walk IIIStudioStudio,1BA$900
Hatcher Tobacco Flats1X11BR,1BA$927
Raven PlaceA4.11BR,1BA$959
Creighton Renaissance ApartmentsOne Bedroom - B1BR,1BA$981
The EdisonOne Bedroom1BR,1BA$995

Best Value Apartments for Rent in Fairmount, VA

As of September 04, 2026 the best value apartment in the Fairmount area is the $0.58 price per square foot 2509 Seminary Ave Model at 2509 Seminary Ave, Unit # B in the in the Bellevue neighborhood starting from $1,295. The second greatest value Fairmount apartment is the CR-XB Three Bedroom, Three Bathroom Model at Cutters Ridge starting at $2,500 with a $1.25 price per square foot in the East neighborhood. Here is today’s list of the best values for Fairmount apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
2509 Seminary Ave, Unit # B2509 Seminary Ave2BR,1BA$0.58
Cutters RidgeCR-XB Three Bedroom, Three Bathroom3BR,3BA$1.25
The Mezzo LoftsMandala Gallery - 3 Bedroom 2 bath3BR,2BA$1.16
Marshall Park4x2 - Priced Per Bedroom4BR,2BA$0.46
Broadway ApartmentsTwo Bed Two Bath2BR,2BA$1.19
Townsend SquareTownhomes starting at $1080.00- Now Accepting A...2BR,1BA$0.94
The JamesJAMES-22BR,2BA$0.89
Marshall Street Apartments1 Bedroom / 1 Bath - 632sqft1BR,1BA$1.25
Glenwood Ridge Apartments2 bedroom2BR,2BA$1.13
City View Place2 Bedroom2BR,1BA$1.18

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 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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Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Real 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.

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Pet Friendly Lifestyle
Fairmount, Richmond, VA

Ranked #16

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 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.

Frequently Asked Questions about Cheap Fairmount Apartments

What is a cheap apartment in Fairmount?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Fairmount is under $995.

What is the price of a cheap apartment in Fairmount?

The cheapest apartment in Fairmount is 11 E Broad St which is listed at $749, while the average apartment in Fairmount costs $1,539.

What types of apartments are the cheapest in Fairmount?

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 242 regular apartments in Fairmount 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 Fairmount?

Cheap apartments in Fairmount have an average cost of $585 which is $954 cheaper than the average rent for all rentals in Fairmount.

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.

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