
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.


New Manchester Flats

Towers on Franklin

Highland Terrace Apartments

210 E Grace St

Van de Vyver

2105 Phaup St

Jefferson Townhouses

Flats at 25th

Attain Shockoe

The Foundry Apartments

Grace & Monroe Apartments

The Berkshire

Sphere Apartments

927 N 20th St

Smokehouse Lofts

American Tobacco Center

T and E Apartments

Carter Woods - 62 + Better Senior Community
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 | $1,305 | $829 | $2,486 |
Fairmount 1 Bedroom Apartments | $1,543 | $925 | $4,728 |
Fairmount 2 Bedroom Apartments | $1,860 | $799 | $6,165 |
Fairmount 3 Bedroom Apartments | $2,005 | $699 | $3,250 |
Fairmount 4 Bedroom Apartments | $1,135 | $599 | $2,500 |
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.
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Fairmount, Richmond, VA Local Guide
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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. Van de Vyver has the second lowest priced unit, which is a Studio apartment currently listed from $998. 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 |
Van de Vyver | The Reserve | Studio,1BA | $998 |
Dogtown Apartments | 1 Bedroom Standard | 1BR,1BA | $999 |
Miller Lofts @ Plant Zero | 1 Bedroom 1 Bath | 1BR,1BA | $999 |
Jefferson Townhouses | 1X1 | 1BR,1BA | $1,000 |
The Foundry Apartments | One Bedroom | 1BR,1BA | $1,013 |
Attain Shockoe | Riverstone | 1BR,1BA | $1,017 |
Cedar Broad | A2b | 1BR,1BA | $1,045 |
Townsend Square | Townhomes starting at $1050.00- Now Accepting A... | 2BR,1BA | $1,050 |
1204 Hull St | One Bed One Bath | 1BR,1BA | $1,050 |
Best Value Apartments for Rent in Fairmount, VA
As of July 23, 2025 the best value apartment in the Fairmount area is the $0.51 price per square foot 4x2 - Priced Per Bedroom Model at Marshall Park in the in the Downtown Richmond neighborhood starting from $750. The second greatest value Fairmount apartment is the The Hull Model at The Hudson starting at $1,925 with a $1.43 price per square foot in the Old South 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. |
---|---|---|---|
Marshall Park | 4x2 - Priced Per Bedroom | 4BR,2BA | $0.51 |
The Hudson | The Hull | 3BR,2BA | $1.43 |
Hydro | The Bay | 2BR,2BA | $1.41 |
Lofts and Upper Lofts at Canal Walk | Canal 236 2 Beds | Studio ,1BA | $1.31 |
1710 East Franklin Street | 1BR/1.0BA | 1BR,1BA | $1.03 |
Townsend Square | Townhomes starting at $1050.00- Now Accepting A... | 2BR,1BA | $0.91 |
Hatcher Tobacco Flats | 3X2 | 3BR,2BA | $1.23 |
Highland Terrace Apartments | 2-Bedroom | 2BR,2BA | $1.34 |
City View Place | 2 Bedroom Unit | 2BR,1.5BA | $1.18 |
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 #16
Among cities in Virginia 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 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 $1,050.
What is the price of a cheap apartment in Fairmount?
The cheapest apartment in Fairmount is Highland Terrace Apartments which is listed at $934, while the average apartment in Fairmount costs $2,007.
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 218 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 $493 which is $1,514 cheaper than the average rent for all rentals in Fairmount.
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.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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.