Cheap Homes for Rent in Fairmount Neighborhood of Richmond, VA from $700 (25 Rentals)

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

property at 603 Chamberlayne Pky

$750

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$750

Total Monthly Price
$750

1 Bedroom, 1 Bath Townhome for Rent

Available Now

603 Chamberlayne Pky

RichmondVA23220
property at 1208 Hull St

$950

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$950

Total Monthly Price
$950

1 Bedroom, 1 Bath Home for Rent

Available Now

1208 Hull St, Unit 3

1208 Hull St
RichmondVA23224
property at 2100 Phaup St

$995

Total Monthly Price

Total Monthly Price

Base Rent
$995

Total Monthly Price
$995

2 Bedroom, 1 Bath Condo for Rent

Available Now

2100 Phaup St

RichmondVA23223
property at 2108 Phaup St

$995

Total Monthly Price

Total Monthly Price

Base Rent
$995

Total Monthly Price
$995

2 Bedroom, 1 Bath Condo for Rent

Available Now

2108 Phaup St

RichmondVA23223

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

property at 301 Goshen St

$1,095 - $1,695

Total Monthly Price

Total Monthly Price

Base Rent
$1,095

Total Monthly Price
$1,095

Studio To 2 Bedroom Rentals

Available Now

301 Goshen St

RichmondVA23220
property at 2514 Q St

$1,175

Total Monthly Price

Total Monthly Price

Base Rent
$1,175

Total Monthly Price
$1,175

1 Bedroom, 1 Bath Home for Rent

Available Now

2514 Q St

RichmondVA23223

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.

property at 3119 4th Ave

$1,225

Total Monthly Price

Total Monthly Price

Base Rent
$1,225

Total Monthly Price
$1,225

2 Bedroom, 1 Bath Townhome for Rent

Available Now

3119 4th Ave

RichmondVA23222
property at 123 E Broad St

$1,295

Total Monthly Price

Total Monthly Price

Base Rent
$1,295

Total Monthly Price
$1,295

1 Bedroom, 1 Bath Condo for Rent

Available Jul 15

123 E Broad St

RichmondVA23219
property at 1514 Bainbridge St

$1,299

Total Monthly Price

Total Monthly Price

Base Rent
$1,299

Total Monthly Price
$1,299

2 Bedroom, 1 Bath Condo for Rent

Available Now

1514 Bainbridge St

RichmondVA23224
property at 815 Porter St

$1,300

Total Monthly Price

Total Monthly Price

Base Rent
$1,300

Total Monthly Price
$1,300

1 Bedroom, 1 Bath Condo for Rent

Available Now

815 Porter St

RichmondVA23224

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.

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.

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 Manchester Grand Apartments priced from $770. Creighton Renaissance Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $926. Here are the most affordable Fairmount apartments for rent in Richmond, VA:

Apartment ListingModel NameBed/BathPriced From
Manchester Grand Apartments1 Bedroom, 1 Bathroom1BR,1BA$770
Creighton Renaissance ApartmentsOne Bedroom - D1BR,1BA$926
Highland Terrace Apartments2-Bedroom2BR,2BA$946
American Tobacco CollectionSCenter-A41BR,1BA$962
The AttainPocahontasStudio,1BA$966

Best Value Apartments for Rent in Fairmount, VA

As of June 18, 2026 the best value apartment in the Fairmount area is the $0.62 price per square foot 2509 Seminary Ave Model at 2509 Seminary Ave, Unit # B in the in the Bellevue neighborhood starting from $1,395. The second greatest value Fairmount apartment is the Townhomes starting at $1080.00- Now Accepting A... Model at Townsend Square starting at $1,080 with a $0.94 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$0.62
Townsend SquareTownhomes starting at $1080.00- Now Accepting A...2BR,1BA$0.94
200 Minor Street Quad3 Beds, 1 Baths3BR,1BA$1.18
Hatcher Tobacco Flats3X23BR,2BA$1.17
210 E Grace St2 Bed/2 Bath2BR,2BA$1.35
Glenwood Ridge Apartments2 bedroom2BR,2BA$1.13
City View Place2 Bedroom2BR,1BA$1.18
Tobacco LandingTwo Bedroom2BR,2BA$1.33
Mallard GreensMake Your Move This June to Mallard Greens!!2BR,1BA$1.33
1822 Williamsburg Rd2 Beds, 1 Baths2BR,1BA$1.24

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

Read Article
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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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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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Frequently Asked Questions about Fairmount

What type of rentals are currently available in Fairmount?

There are currently 576 Apartments for Rent in Fairmount, VA with pricing that ranges from $725 to $5,876. There are also 111 Single Family Homes for rent, Condos, and Townhome rentals currently available in Fairmount ranging from $750 to $3,480.

What is the current price range for Rental Homes in Fairmount?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Fairmount ranges from $750 to $3,480 with an average monthly rent of $1,804.

How much are larger Three and Four Bedroom Rentals in Fairmount?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Fairmount range from $819 to $3,465, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,350 to $3,100. Four Bedroom Single-Family rentals are also available starting from $1,895 and Four Bedroom Apartments start at $725.

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.

Helpful Local Expert Guides

decorative image for A Local Experts Guide To the Top Budget-Friendly Neighborhoods to Rent in Richmond, VA article

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.

decorative image for Your Guide to Picking the Perfect Richmond Neighborhood for Student Renters article

Your Guide to Picking the Perfect Richmond Neighborhood for Student Renters

Written by: Richard Corrigan

Richmond isn't always thought of as a college town, but there are actually several major colleges and universities here. One thing Richmond does get credit for—and rightfully so—is being a very neighborhood-friendly city.

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Explore The River City Like a Local: The Insiders Guide to Renting in Richmond, VA

Written by: Richard Corrigan

Welcome to Richmond! For those unfamiliar, it’s Virginia’s state capitol, a city with a long and rich history, and—some might say—Virginia’s biggest small town. There’s a lot to love about living here.

decorative image for Your Richmond Neighborhood Guide: Living Near the City's Top Employers article

Your Richmond Neighborhood Guide: Living Near the City's Top Employers

Written by: Richard Corrigan

Richmond is a beautiful place to live and work. The city has something for everyone—historic charm, trendy shops and boutiques, world-class restaurants and amazing urban parks and green spaces.

Articles, How-To's, and Tips

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

decorative image for Creative Ways Developers Reimagine Retail Spaces as Residential Units  article

Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

decorative image for Neighborhood and Market Insights: How to Choose the Right Area to Rent   article

Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.