
Cheap Homes for Rent in Fairmount Neighborhood of Richmond, VA from $700 (25 Rentals)
Search the lowest-cost Homes available for rent right now in the Fairmount area of Richmond.


100 W Marshall St

1812 Williamsburg Rd

1208 Hull St, Unit 3

2911 Brook Rd

2205 National St
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.

1812 Williamsburg Rd

2100 Phaup St

1 S 5th St

3530 E Richmond Rd

3515 Briel St

301 Goshen St
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.

2203 N 26th St

3510 E Richmond Rd

2310 4th Ave

200 Wellford St

202 Wellford St

3516 E Richmond Rd
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.

2606 Redwood Ave

3119 4th Ave

501 W Grace St

1706 Carlisle Ave

1708 Carlisle Ave

600 N 32nd St
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.

2919 Creighton Rd
Fairmount, Richmond, VA Local Guide

How much does it cost to rent a home in Fairmount?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Fairmount 2 Bedroom Homes for Rent | $1,642 | $965 | $3,099 |
| Fairmount 3 Bedroom Homes for Rent | $1,889 | $850 | $2,895 |
| Fairmount 4 Bedroom Homes for Rent | $2,644 | $1,780 | $5,000 |
| Fairmount 5 Bedroom Homes for Rent | $1,600 | $1,600 | $1,600 |
Browse Homes for Rent in this Neighborhood
There are currently 25 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 Studio unit found at Towers on Franklin priced from $850. Hatcher Tobacco Flats has the second lowest priced unit, which is a 1 Bed apartment currently listed from $933. Here are the most affordable Fairmount apartments for rent in Richmond, VA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Towers on Franklin | Harrison | Studio,1BA | $850 |
| Hatcher Tobacco Flats | 1X1 | 1BR,1BA | $933 |
| Highland Terrace Apartments | 2-Bedroom | 2BR,2BA | $946 |
| The Masonry Apartments | Masonry TS-S1 | Studio,1BA | $995 |
| Van de Vyver | The Reserve | Studio,1BA | $998 |
Best Value Apartments for Rent in Fairmount, VA
As of January 29, 2026 the best value apartment in the Fairmount area is the $1.41 price per square foot 3BR/3.0BA Model at Park Plaza @ Belvidere in the in the Downtown Richmond neighborhood starting from $2,905. The second greatest value Fairmount apartment is the Two Bed Two Bath Model at Broadway Apartments starting at $1,446 with a $1.06 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. |
|---|---|---|---|
| Park Plaza @ Belvidere | 3BR/3.0BA | 3BR,3BA | $1.41 |
| Broadway Apartments | Two Bed Two Bath | 2BR,2BA | $1.06 |
| The Berkshire | Clay | 1BR,1BA | $1.33 |
| Townsend Square | Townhomes starting at $1050.00- Now Accepting A... | 2BR,1BA | $0.91 |
| 209 E Main St | Unit 208A | 2BR,1BA | $1.36 |
| Highland Terrace Apartments | 2-Bedroom | 2BR,2BA | $0.96 |
| City View Place | 2 Bedroom Unit | 2BR,1.5BA | $1.18 |
| Mallard Greens | Welcome to MallardGreens | 2BR,1BA | $1.33 |
| Miller Lofts @ Plant Zero | 1 Bedroom 1 Bath | 1BR,1BA | $1.40 |
| Hatcher Tobacco Flats | 1X1 | 1BR,1BA | $1.40 |
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.
Read ArticleThe 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.
Read ArticleCash 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.
Read ArticleThe 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 ArticleQuick 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 #14
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
Frequently Asked Questions about Fairmount
What type of rentals are currently available in Fairmount?
There are currently 568 Apartments for Rent in Fairmount, VA with pricing that ranges from $669 to $3,795. There are also 100 Single Family Homes for rent, Condos, and Townhome rentals currently available in Fairmount ranging from $750 to $5,000.
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 $5,000 with an average monthly rent of $1,818.
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 $739 to $3,468, while Three Bedroom Homes, Condos, and Townhomes for rent range from $850 to $2,895. Four Bedroom Single-Family rentals are also available starting from $1,780 and Four Bedroom Apartments start at $669.
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

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.

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.

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.
Articles, How-To's, and Tips

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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.

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.