Rivers Edge
1 New River Dr,
Radford, VA 24141
$410 - $625 | 2-5 Beds
Fairlawn
Fairlawn, VA
Area Guide
An affordable college town on New River
College Town
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Riverfront
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Accessible
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Affordable
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Suburban
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Rural
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A small town with a rural feel, Fairlawn sits along New River in the suburbs of Virginia. Fairlawn sits about an hour’s drive from Roanoke, making it the perfect place for a weekend getaway. This active community appreciates outdoor amenities like Bisset Park, a riverside green space with picnic spots, playgrounds, athletic fields, and paved trails. Several shopping centers sit just outside of Fairlawn, including department stores, specialty shops, and casual restaurants. Fairlawn offers easy access to Interstate 81, and locals enjoy the peace and quiet that this small town provides. Affordable rentals are a major perk for renters in the area, with options ranging from houses to apartments. Across the river is Radford University, and because of Fairlawn’s affordable rentals, many students and faculty call the town home.
Rent Trends
As of March 2025, the average apartment rent in Fairlawn, VA is $503 for one bedroom, and $1,038 for two bedrooms. Apartment rent in Fairlawn has increased by 1.5% in the past year.
Property Type
Average Rent
Average Sq Ft
Apartment
$503/month
0 Sq Ft
Transportation
40
Car-Dependent
out of 100 WalkScore® Rating
This area is considered a car-dependent area and most errands will require a car.
27
Somewhat Bikeable
out of 100 BikeScore® Rating
You might be able to find places to ride your bike in this area, but you’ll most likely want your car for most errands.
Schools
Public
Grades PK-5
382 Students
4
School data provided by
GreatSchools
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 a scale of 1 (below average) 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 family needs as part of the school selection process.
Points of Interest
Shopping Centers
Parks and Recreation
- Radford University Planetarium
- Virginia Tech Geosciences Museum
- Hahn Horticulture Garden
- Claytor Lake State Park
Airports
- Roanoke/Blacksburg Regional (Woodrum Field)
Top Apartments in Fairlawn
Houses for Rent in Fairlawn
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Methodology
† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.
Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.
Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2025.