Updated 1 Day Ago
Highlights
- Luxurious finishes
- Outstanding amenities
- State-of-the-art apartment community
Location
5322 Markel Rd, Richmond, VA 23230, USA
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Property Overview
Faison Residence offers luxurious finishes, outstanding amenities, and a state-of-the-art apartment community. It earns an 8.5 out of 10 overall rating, with especially strong marks for price, amenities, and location, along with standout value for money and value per square foot.
This summary uses Zumper’s proprietary data. “Zumper Expert Ratings” and “Things you’ll love” are based on our internal analyses of market trends and renter insights.
Things you’ll love
More space- Less expensive
Floor plans
| Discover what you've been missing at the Faison Residence! Now Accepting Applications for our Wa... | 1 bed | 1 bath | 1,014 sqft | $1,550 /mo | 1 unit available |
Let's explore this property.
Amenities for Faison Residence
Appliances
| Dishwasher | Full-Size Stacked Washer and Dryer |
| Icemaker | In-Unit Laundry |
| Stainless Steel Appliances |
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.
Policies and fees
Applicants
Applicants
One-time.
Contact Property
REQUIRED FEES
Security Deposit
One-time. Refundable.
Contact Property
Building details
Property details
| Units | 45 |
|---|
About Faison Residence
The Faison Residence is a state-of-the-art apartment community in Henrico County, Near West End. Located at the corner of Broad Street and Byrd Avenue, our over-sized apartments offer luxurious finishes, outstanding amenities, and a great location. Our truly inclusive community offers apartment homes for rent to anyone who wants to enjoy all of the amenities and attributes of this amazing building. Residents with special needs, generally independent but needing support, will be your neighbor in a select number of units throughout the property. For more information about our program for residents with special needs, please visit www faisonresidence org
Zumper Expert Rating
Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
8.5
/10
Very GoodWith a solid 8.5 out of 10 overall, Faison Residence is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, Faison Residence has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.
Price·10A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
Faison Residence offers an excellent balance between price and value. It's priced competitively for its amenities, location, and other key features. Compared to the median price per bedroom in the area, this property is less than, or about the same as, nearby rentals, so residents can expect great value without too many compromises on their desired standard of living.
Amenities·9A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
Faison Residence goes above and beyond to provide sought-after conveniences and desirable perks, including dishwasher. Renters looking for popular or luxurious features will find them here—and for that reason, Faison Residence receives one of the highest amenities scores.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
Faison Residence is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·6A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
While Faison Residence does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
Trustworthiness·7A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
Faison Residence provides some information about the features available in the community and its apartments, making it a reliable option for prospective renters. Renters should ask additional questions about amenities and non-negotiable items they are looking for.
Property highlights
We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.How Faison Residence compares to other nearby properties.
Positives
- More space
- The 1-bedroom is 314 sqft larger than other listings nearby
- Less expensive
- The 1-bedrooms are cheaper than other similar listings nearby
Considerations
- Greater distance from grade schools
- The nearest elementary school is farther than 1.2 miles away
- Greater distance from high schools
- The nearest high school is farther than 1.3 miles away
- Greater distance from middle schools
- The nearest middle school is farther than 1.9 miles away
- Distance from grocery stores
- The nearest grocery store is 4.5 miles away
- Lacks images
- Fewer than 5 photos available for this property
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Rent trends in Richmond
1-bedroom apartments at Faison Residence cost about 11% more than the average rent price for 1-bedroom apartments in Richmond.
Median rents as of Oct 10 2026.
Richmond
| Month | Median Rent |
|---|---|
| October 2024 | $1,300 |
| November 2024 | $1,297 |
| December 2024 | $1,320 |
| January 2025 | $1,303 |
| February 2025 | $1,288 |
| March 2025 | $1,268 |
| April 2025 | $1,255 |
| May 2025 | $1,248 |
| June 2025 | $1,270 |
| July 2025 | $1,250 |
| August 2025 | $1,252 |
| September 2025 | $1,284 |
| October 2025 | $1,296 |
| November 2025 | $1,285 |
| December 2025 | $1,272 |
| January 2026 | $1,250 |
| February 2026 | $1,230 |
| March 2026 | $1,250 |
| April 2026 | $1,276 |
| May 2026 | $1,282 |
| June 2026 | $1,252 |
| July 2026 | $1,210 |
| August 2026 | $1,274 |
| September 2026 | $1,292 |
| October 2026 | $1,271 |
Affordability calculator
Can I afford to live at 5322 Markel Rd?
Bedrooms
1 bedroomRent-to-income ratio
30%
Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income
$62,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $62,000 annually to afford this 1-bedroom monthly rent price of $1,550.
For more information on rent affordability, visit our rent calculator.
Schools near Faison Residence
Crestview Elementary School
1901 charles st
richmond, VA, 23226
PK, K-5Public
C+
Martin Luther King Jr. Early Learning Center
900 mosby st
richmond, VA, 23223
PKPublic
Summer Hill Preschool Center
2717 alexander ave
richmond, VA, 23234
PKPublic
Old Hundred Elementary School
1501 old hundred rd
midlothian, VA, 23114
PK, K-5Public
B+
MOSELEY ELEM
7100 magnolia green parkway
moseley, VA, 23120
PK, K-5Public
Getting around Richmond near 5322 Markel Rd
Walking
6/10
Some shops and stores are within a few minutes.
Driving
8/10
This area is close to freeways and has adequate parking options.
Points of interest for 5322 Markel Rd, Richmond
Groceries
9/10
The nearest general grocery store is within a 5-minute walk, and there are also some specialist food stores nearby.
Shopping
7/10
Several fashion stores are within a short walk.
Cafes
6/10
The closest café is within a 5-minute walk, and there are some other cafés within walking distance.
Restaurants
6/10
Several restaurants are within a short walk.
Primary schools
10/10
At least one elementary school within a 5-minute walk.
High schools
10/10
At least one high school within a 5-minute walk.
Parks
4/10
Very few or no parks in the area.
Nightlife
2/10
Few bars are within walking distance.
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