Cheap Apartments for Rent in the Fairmount Neighborhood of Richmond, VA from $500 (110 Rentals)

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

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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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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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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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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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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 2 Beds unit found at New Manchester Flats priced from $835. 1822 Williamsburg Rd has the second lowest priced unit, which is a 2 Beds apartment currently listed from $895. Here are the most affordable Fairmount apartments for rent in Richmond, VA:

Apartment ListingModel NameBed/BathPriced From
New Manchester FlatsThe Bainbridge2BR,1BA$835
1822 Williamsburg Rd2 Beds, 1 Baths2BR,1BA$895
The Masonry ApartmentsMasonry TS-S1Studio,1BA$925
Towers on FranklinHarrisonStudio,1BA$930
Van de VyverThe ReserveStudio,1BA$998
Hopper LoftsA21BR,1BA$999
Jefferson Townhouses1X11BR,1BA$1,000
Townsend SquareTownhomes starting at $1050.00- Now Accepting A...2BR,1BA$1,050

Best Value Apartments for Rent in Fairmount, VA

As of December 11, 2025 the best value apartment in the Fairmount area is the $0.54 price per square foot 4x2 - Priced Per Bedroom Model at Marshall Park in the in the Downtown Richmond neighborhood starting from $800. The second greatest value Fairmount apartment is the Canal 236 2 Beds Model at Lofts and Upper Lofts at Canal Walk - Canal I and Canal II starting at $1,621 with a $1.25 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Marshall Park4x2 - Priced Per Bedroom4BR,2BA$0.54
Lofts and Upper Lofts at Canal Walk - Canal I and Canal IICanal 236 2 BedsStudio ,1BA$1.25
Townsend SquareTownhomes starting at $1050.00- Now Accepting A...2BR,1BA$0.91
209 E Main StUnit 208A2BR,1BA$1.36
Hatcher Tobacco Flats3X23BR,2BA$1.23
Marshall Street Apartments1BR/1.0BA1BR,1BA$1.25
City View Place2 Bedroom Unit2BR,1.5BA$1.18
Mallard GreensHoliday Cheer Starts at Mallard Greens Townhome...2BR,1BA$1.33
1822 Williamsburg Rd2 Beds, 1 Baths2BR,1BA$1.12
1527 Mechanicsville Tpke, Unit 11527 Mechanicsville Tpke1BR,1BA$1.17

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
Fairmount, Richmond, VA

Ranked #15

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Fairmount, Richmond, VA

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 Towers on Franklin listed at $900.

How much is rent for a Cheap One Bedroom Fairmount Apartment?

The lowest price for a Cheap One Bedroom Fairmount Apartment is $931 at Attain Shockoe.

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 $835 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 $1,250.

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.

Articles, How-To's, and Tips

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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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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger 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!