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1527 Mechanicsville Tpke, Unit 3
1527 Mechanicsville TpkeRichmond, VA 23223
Cheap Apartments for Rent in the Fairmount Neighborhood of Richmond, VA from $500 (61 Rentals)
Search the lowest-cost Apartments available for rent right now in the Fairmount area of Richmond.
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from $7661 to 2 Bedroom Apartments Available Now
New Manchester Flats
715 E 4th StRichmond, VA 23224
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from $850Studio to 2 Bedroom Apartments Available Now
Towers on Franklin
104 W Franklin StRichmond, VA 23220
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from $9501 to 3 Bedroom Apartments Available Now
Miller Lofts @ Plant Zero
500 Stockton StRichmond, VA 23224
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from $954Studio to 3 Bedroom Apartments Available Now
The Edison Apartments
700 E Franklin StRichmond, VA 23219
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from $995Studio to 2 Bedroom Apartments Available Now
210 E Grace St
206-212 E Grace StRichmond, VA 23219
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from $998Studio to 2 Bedroom Apartments Available Now
Van de Vyver
713 N 1st StRichmond, VA 23219
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from $1,0001 to 4 Bedroom Apartments Available Now
Jefferson Townhouses
1951 Venable StRichmond, VA 23223
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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from $1,0131 to 3 Bedroom Apartments Contact Us For Availability
The Foundry Apartments
946 Sledd StRichmond, VA 23220
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from $1,038Studio to 3 Bedroom Apartments Available Now
Attain Shockoe
1903 E Marshall StRichmond, VA 23223
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from $1,041Studio to 3 Bedroom Apartments Available Now
Sphere Apartments
2005 Brook RdRichmond, VA 23220
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from $1,0421 to 3 Bedroom Apartments Available Now
American Tobacco Center
119-121 N 20th StRichmond, VA 23223
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from $1,0431 to 2 Bedroom Apartments Available Now
Shockoe Commons
1215 E Main StRichmond, VA 23219
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from $1,059Studio to 3 Bedroom Apartments Available Now
District Square Apartments
111-117 W Marshall StRichmond, VA 23220
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from $1,0602 to 3 Bedroom Apartments Contact Us For Availability
Glenwood Ridge Apartments
3801 Glenwood AveRichmond, VA 23223
Richmond’s Best Affordable Neighborhoods
Learn about Richmond and the best affordable places to live by our Local Expert Richard Corrigan
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from $1,066Studio to 3 Bedroom Apartments Available Now
The Mezzo Lofts
17 W Broad StRichmond, VA 23220
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from $1,0701 to 2 Bedroom Apartments Available Now
Terraces at Manchester
800 Semmes AveRichmond, VA 23224
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from $1,0991 Bedroom Apartments Contact Us For Availability
The Oliver
908 Oliver Hill WayRichmond, VA 23219
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from $1,099Studio to 1 Bedroom Apartments Available Jun 7
Centennial Terrace
507 E Main StRichmond, VA 23219
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from $1,0991 Bedroom Apartments Available Now
1407 E Cary Street
1407-1411 E Cary StRichmond, VA 23219
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Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.
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1 to 2 Bedroom Apartments
Carter Woods - 62 + Better Senior Community
301 Dabbs House RdRichmond, VA 23223
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Fairmount, Richmond, VA Local Guide
How much does it cost to rent an apartment in Fairmount?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Fairmount Studio Apartments | $1,198 | $804 | $2,900 |
| Fairmount 1 Bedroom Apartments | $1,515 | $700 | $3,534 |
| Fairmount 2 Bedroom Apartments | $1,884 | $837 | $5,758 |
| Fairmount 3 Bedroom Apartments | $2,037 | $879 | $3,450 |
| Fairmount 4 Bedroom Apartments | $1,071 | $750 | $2,500 |
Browse Apartments in this Neighborhood
There are currently 61 rentals with your search options within a 2 mile radius of the Fairmount Neighborhood of Richmond, VA.
See all Apartments in RichmondExplore Richmond
Fairmount, Richmond, VA Local Guide
- Nearby Richmond neighborhoods
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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 $766. Towers on Franklin has the second lowest priced unit, which is a Studio apartment currently listed from $850. Here are the most affordable Fairmount apartments for rent in Richmond, VA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| New Manchester Flats | The Decatur | 1BR,1BA | $766 |
| Towers on Franklin | Harrison | Studio,1BA | $850 |
| Miller Lofts @ Plant Zero | 1 Bedroom 1 Bath | 1BR,1BA | $950 |
| 1808 Williamsburg Rd | 1 Beds, 1 Baths | 1BR,1BA | $995 |
| Van de Vyver | The Reserve | Studio,1BA | $998 |
| Dogtown Apartments | 1 Bedroom Standard | 1BR,1BA | $999 |
| Townsend Square | Townhomes starting at $1000.00- Now Accepting A... | 2BR,1BA | $1,000 |
| Attain Shockoe | Elmwood | 1BR,1BA | $1,038 |
| Shockoe Commons | A2 | 1BR,1BA | $1,043 |
Best Value Apartments for Rent in Fairmount, VA
As of May 17, 2025 the best value apartment in the Fairmount area is the $0.51 price per square foot 4x2 - Priced Per Bedroom Model at Marshall Park in the in the Downtown Richmond neighborhood starting from $750. The second greatest value Fairmount apartment is the Canal 236 1 Bed Model at Lofts and Upper Lofts at Canal Walk starting at $1,252 with a $0.96 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. |
|---|---|---|---|
| Marshall Park | 4x2 - Priced Per Bedroom | 4BR,2BA | $0.51 |
| Lofts and Upper Lofts at Canal Walk | Canal 236 1 Bed | 1BR,1BA | $0.96 |
| Townsend Square | Townhomes starting at $1000.00- Now Accepting A... | 2BR,1BA | $0.87 |
| Venus At Manchester Apartments | 2 -Bedroom, 2-Bath | 2BR,2BA | $1.20 |
| The Hudson | The Everett | 2BR,1BA | $1.29 |
| 1407 E Cary Street | 1 Beds, 1 Baths | 1BR,1BA | $1.11 |
| The Berkshire | Park | 1BR,1BA | $1.34 |
| City View Place | 2 Bedroom Unit | 2BR,1.5BA | $1.14 |
| Mallard Greens | TWO BEDROOMS JUST FOR YOU!! AVAILABLE NOW - WH... | 2BR,1BA | $1.33 |
| 1527 Mechanicsville Tpke, Unit 3 | 1527 Mechanicsville Tpke | 1BR,1BA | $1.17 |
Quick Rent Budget Calculator
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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 LifestyleFairmount, Richmond, VA
Ranked #12
Among neighborhoods in Richmond, VA 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
Richmond City Public Schools
Public School - Grades 6-8 (501)
2 out of 10
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 a cheap apartment in Fairmount?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Fairmount is under $1,043.
What is the price of a cheap apartment in Fairmount?
The cheapest apartment in Fairmount is New Manchester Flats which is listed at $766, while the average apartment in Fairmount costs $2,183.
What types of apartments are the cheapest in Fairmount?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 208 regular apartments in Fairmount that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Fairmount?
Cheap apartments in Fairmount have an average cost of $439 which is $1,744 cheaper than the average rent for all rentals in Fairmount.
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.
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.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.
The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.
Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.