Cheap Homes for Rent in Fairmount Neighborhood of Richmond, VA from $700 (30 Rentals)

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

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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 New Manchester Flats priced from $706. 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 ListingModel NameBed/BathPriced From
New Manchester FlatsThe Decatur1BR,1BA$706
Hatcher Tobacco Flats1X11BR,1BA$933
Towers on FranklinRodneyStudio,1BA$949
Creighton Renaissance ApartmentsOne Bedroom - B1BR,1BA$981
Van de VyverThe ReserveStudio,1BA$998
Dogtown Apartments1 Bedroom Standard1BR,1BA$999
Jefferson Townhouses1X11BR,1BA$1,000
Hopper LoftsA11BR,1BA$1,012
The Foundry ApartmentsOne Bedroom1BR,1BA$1,013

Best Value Apartments for Rent in Fairmount, VA

As of October 27, 2025 the best value apartment in the Fairmount area is the $1.45 price per square foot Downtown Double Suite Model at The Berkshire in the in the Downtown Richmond neighborhood starting from $2,700. The second greatest value Fairmount apartment is the 715 W Clay St Model at 715 W Clay St, Unit B starting at $2,195 with a $1.20 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.
The BerkshireDowntown Double Suite2BR,2BA$1.45
715 W Clay St, Unit B715 W Clay St3BR,2BA$1.20
Lofts and Upper Lofts at Canal WalkCanal 236 2 BedsStudio ,1BA$1.26
Venus At Manchester Apartments2 -Bedroom, 2-Bath2BR,2BA$1.02
Flats at 25thElevation2BR,2BA$1.41
Marshall Street Apartments1BR/1.0BA1BR,1BA$1.25
City View Place2 Bedroom Unit2BR,1.5BA$1.18
Mallard GreensTWO BEDROOMS JUST FOR YOU!! AVAILABLE NOW - WH...2BR,1BA$1.33
Hatcher Tobacco Flats1X11BR,1BA$1.41
1527 Mechanicsville Tpke, Unit 11527 Mechanicsville Tpke1BR,1BA$1.17

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Pet Friendly Lifestyle
Fairmount, Richmond, VA

Ranked #14

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

Frequently Asked Questions about Fairmount

What type of rentals are currently available in Fairmount?

There are currently 581 Apartments for Rent in Fairmount, VA with pricing that ranges from $649 to $11,515. There are also 112 Single Family Homes for rent, Condos, and Townhome rentals currently available in Fairmount ranging from $750 to $4,000.

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 $4,000 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 $3,792, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,150 to $4,000. Four Bedroom Single-Family rentals are also available starting from $1,595 and Four Bedroom Apartments start at $649.

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.

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.

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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.

decorative image for How to Negotiate Your Apartment Lease and Save Money article

How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.