Lantern Ridge Apartments

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401 Fairfax Rd, Blacksburg, VA 24060
(540) 418-3431
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Lantern Ridge Apartments

401 Fairfax Rd
Blacksburg, VA 24060
(540) 418-3431
Lantern Ridge Apartments in Blacksburg, VA - Building Photo
  • 1–3 Bedrooms
  • $1,024 - $1,501Pricing
  • 537–822Square Feet

About Lantern Ridge Apartments

Lantern Ridge Apartments is located in the Ellett Jennelle Neighborhood and 24060 Zip code of Blacksburg, VA. This community is professionally managed by American Apartment Management Co., Inc.

Unique Features and Amenities

  • 1, 2 and 3 Bedroom Apartments Available for Rent
  • 24Hr Emergency Maintenance
  • All Appliances Included
  • Close to Business District
  • Close to public transportation
  • Handicapped Accessible
  • on-site laundry
  • Patio, Deck or Balcony
  • Pet Friendly
  • Pool & BBQ/Picnic Area
  • Spacious closets

See All Amenities

Property Contact Info

Floorplan Pricing and Availability

Lantern Ridge Apartments offers 1 to 3 Bedroom apartments starting from $1,024 and having 537–822 sq ft. Here is the current pricing and availability:

  • 1 Bedroom

    One Bedroom Units

    $1,024

    1 Bed, 1 Bath, 537 sq ft
    Available Sep 10

    Availability Details

    PriceAvailability DateUnitSq Ft
    $1,024September 10, 2025One Bedroom Units537 sq ft

    Model Amenities and Features

    Features

    • Air Conditioning
    • Heating

    Kitchen

    • Dishwasher
    • Disposal
    • Kitchen
    • Range
    • Refrigerator

    Model Rent and Fees

    Model Price

    • $1,024
  • 2 Bedrooms

    Two Bedroom Units

    $1,125

    2 Beds, 1 Bath, 671 sq ft
    Available Sep 17

    Availability Details

    PriceAvailability DateUnitSq Ft
    $1,125September 17, 2025Two Bedroom Units671 sq ft

    Model Amenities and Features

    Features

    • Air Conditioning
    • Ceiling Fans
    • Heating

    Kitchen

    • Dishwasher
    • Disposal

    Model Rent and Fees

    Model Price

    • $1,125
  • 3 Bedrooms

    Three Bedroom Units

    $1,501

    3 Beds, 1.5 Baths, 822 sq ft
    Available Sep 1

    Availability Details

    PriceAvailability DateUnitSq Ft
    $1,501September 1, 2025Three Bedroom Units822 sq ft

    Model Amenities and Features

    Features

    • Air Conditioning
    • Ceiling Fans
    • Heating

    Kitchen

    • Dishwasher
    • Disposal

    Model Rent and Fees

    Model Price

    • $1,501
Price shown is base rent and may not include non-optional fees and utilities. View Fees and Policies for details. Price, availability, fees, and any applicable rent special are subject to change without notice.

Schedule a Tour

Schedule a Tour
Call us at: (540) 418-3431 to schedule a tour.

Property Information

  • 120 Units
  • 3 Stories
  • Built in 1981

Lease Terms

  • 12 Months

Utilities Included

  • Trash Removal
  • Sewer
  • Water

Fees and Policies

Pet Policy and Fees

Cats

  • 2 Pet Limit
  • Fees Not Specified

$100 deposit for 2nd pet.

Dogs

  • 2 Pet Limit
  • Fees Not Specified
  • 45 Lb Weight Limit
Restrictions:

$100 deposit for 2nd pet.

Parking Info and Fees

Surface Lot
  • 1 Max
  • Features and Amenities

    On-Site Services

    • Public Transportation
    • Laundry Facilities

    Community Features

    • Walk Up

    Outdoor Features

    • Grill
    • Picnic Area
    • Patio
    • Deck

    Recreation and Fitness

    • Playground
    • Pool

    Interior Features

    • Balcony
    • Heating
    • Ceiling Fans
    • Cable Ready
    • Air Conditioning

    Kitchen Amenities

    • Dishwasher
    • Disposal
    • Kitchen

    Living Area Features

    • Window Coverings
    • Den
    • Carpet
    Google Map

    Map

    401 Fairfax Rd, Blacksburg, VA 24060

    Hours and Contact Info

    Call Us - Open Now!
    Currently Closed
    By Appointment
    MondayBy Appointment
    TuesdayBy Appointment
    WednesdayBy Appointment
    ThursdayBy Appointment
    FridayBy Appointment
    SaturdayClosed
    SundayClosed

    Getting Around

    Walk Score®

    46 / 100

    Car-Dependent

    Most errands require a car

    Bike Score®

    39 / 100

    Somewhat Bikeable

    Minimal bike infrastructure

    Transit Score®

    27 / 100

    Some Transit

    A few nearby public transportation options

    Frequently Asked Questions about Lantern Ridge Apartments

    Where is Lantern Ridge Apartments located?

    Lantern Ridge Apartments is located at 401 Fairfax Rd near the Ellett Jennelle area of Blacksburg, VA

    What is the current rent range at Lantern Ridge Apartments?

    1 Bedroom to 3 Bedroom Apartments at Lantern Ridge Apartments currently range from $1,024 to $1,501

    When is the leasing office open?

    • The office Hours for Lantern Ridge Apartments are
    • Monday By Appointment
    • Tuesday By Appointment
    • Wednesday By Appointment
    • Thursday By Appointment
    • Friday By Appointment
    • Saturday Closed
    • Sunday Closed

    Are pets allowed?

    Call us today to find out our pet policy and if we allow pets

    Lifestyle Ratings

    • Affordability Nice Value3.2

      The Lantern Ridge Apartments Apartments are 25.63% cheaper than the average apartment in the Ellett Jennelle area, and 20.43% cheaper than the average apartment city-wide.

      Rent Comparison to the Ellett Jennelle Neighborhood

      FloorplanLowest Price HereNeighborhood Avg RentNbhd Avg RentCost Difference%
      1 Bedroom$1,024$1,391-$367-26.4%
      2 Bedroom$1,125$1,630-$505-31.0%
      3 Bedroom$1,501$1,865-$364-19.5%

      Rent Comparison to the city of Blacksburg

      FloorplanLowest Price HereCity Average RentCost Difference%
      1 Bedroom$1,024$1,318-$294-22.3%
      2 Bedroom$1,125$1,497-$372-24.8%
      3 Bedroom$1,501$1,750-$249-14.2%

      Methodology: On 08/13/2025, ApartmentHomeLiving.com compared current rents by floorplan to 81 other apartment communities in the immediate area around Lantern Ridge Apartments (Ellett Jennelle), and 150 other apartment communities in Blacksburg using today’s up-to-date pricing using the sum/count averaging formula. This data will be updated in real-time as prices fluctuate.

      Rent Pricing Data as of 08/13/2025

    Learn more about Lifestyle Search

    Renters Reviews and Ratings

    4.0
    0 Renters Reviews
    ⓘ How is this Rating Determined?The property ratings on ApartmentHomeLiving.com are created using a 5-star scale that includes average renter review scores combined with building ratings to determine an overall blended property score.

    Building ratings are based on a community’s features, including the building design, construction, exterior spaces, and amenities. To learn more about the CoStar Building Rating System, refer to our official guidelines here.

    Nearby Schools

    Blacksburg Middle

    Montgomery County Public Schools
    3109 Price's Fork Rd.
    Public School - Grades 6-8 (946 Students)
    In Attendance Zone7 minute drive / 3.7 miles away
    6/10

    Blacksburg High

    Montgomery County Public Schools
    3401 Bruin Lane
    Public School - Grades 9-12 (1321 Students)
    In Attendance Zone7 minute drive / 3.6 miles away
    9/10

    Margaret Beeks Elementary

    Montgomery County Public Schools
    709 Airport Road
    Public School - Grades PK-5 (343 Students)
    In Attendance Zone2 minute drive / 0.8 miles away
    5/10
    School data provided by GreatSchools.
    details
    The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on scale of 1 (below average) and to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider needs as part of the school selection process.

    About GreatSchools Data on ApartmentHomeLiving.com.

    Points of Interest

    Time and distance from Lantern Ridge Apartments.

    Big Box and Retail

    Kroger
    903 University City Blvd
    6 minute drive / 3.07 miles away
    Lowe's
    350 Peppers Ferry Rd NE
    7 minute drive / 3.56 miles away
    Walgreens
    2460 N Franklin St
    8 minute drive / 3.78 miles away

    Colleges and Universities

    210 Burruss Hall, 800 Drillfield Dr.
    4 minute drive / 2.06 miles away
    801 East Main Street
    21 minute drive / 9.9 miles away

    Groceries

    Kroger
    903 University City Blvd
    6 minute drive / 3.07 miles away

    Hospitals

    3700 South Main Street
    5 minute drive / 1.97 miles away

    Shopping Centers

    1502 S Main St
    1 minute drive / 0.62 miles away
    1301-1425 S Main St
    2 minute drive / 0.72 miles away
    1440-1560 S Main St
    2 minute drive / 0.75 miles away

    Lantern Ridge Apartments has 5 shopping centers within 2.0 miles.

    Nearby Neighborhoods

    Studio to 4 Bedroom Apartments from $666
    View Rentals
    Studio to 4 Bedroom Apartments from $740
    View Rentals
    Studio to 5 Bedroom Apartments from $666
    View Rentals

    Rental Price Ranges in the Area

    BedroomAverage RentCheapest RentHighest Rent
    Blacksburg Studio Apartments $1,301$790$1,938
    Blacksburg 1 Bedroom Apartments $1,318$666$2,057
    Blacksburg 2 Bedroom Apartments $1,497$850$2,500
    Blacksburg 3 Bedroom Apartments $1,750$670$2,832
    Blacksburg 4 Bedroom Apartments $1,643$740$3,400

    Browse Top Apartments in Blacksburg

    By Price

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    Viewing: Lantern Ridge Apartments | Desktop Version | Listing Updated: 08/13/2025 | AHLSLV