
Cheap Apartments for Rent in the Downtown Blacksburg Neighborhood of Blacksburg, VA from $500 (51 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Blacksburg area of Blacksburg.


Legacy on Main

1711 Apartments

709/711 Giles

300 McDonald Street Apartments

703 York Dr

Chasewood Apartments

Hearthstone

1003 Giles Rd

Lantern Ridge Apartments
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

Shawnee Apartments

Total Monthly Price
Apartment Heights

Total Monthly Price
Fieldstone Family

Total Monthly Price
Windsor Hills Apartments

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1706 Boxwood Dr, Unit 1706B Boxwood Drive

1706 Boxwood Dr, Unit B

Hub Blacksburg

Cedarfield Apartments

The Farm

Total Monthly Price
900 Palmer Dr, Unit 900 Palmer
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

Creekside

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Ridgewood Village

Cedar Pointe Apartments

Total Monthly Price
Foxridge Apartment Homes

440 Marlington St

The Reserve at Knollwood

Total Monthly Price
Smiths Landing Apartments

Pack Place Apartments

Sundance Ridge

Jefferson Apartments
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

208 Wharton St

Grissom Lane Apartments

1720 Patrick Henry Dr

400 Green St

1003 Giles Rd

1310 N Main St

Willow Creek Blacksburg

Terpence Apartments

1017 Montgomery St

311 Loudon Rd
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.

Blacksburg Homestay Village

Shenandoah Townhomes

Cascade Pointe

1201-1207 North Main

420 N Main St

Bennett Hill

University Place Condominiums

620 Roanoke St E

902 Brightwood Manor Dr

1003 Montgomery St NW
Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between
Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.
Downtown Blacksburg, Blacksburg, VA Local Guide

How much does it cost to rent an apartment in Downtown Blacksburg?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Blacksburg Studio Apartments | $1,435 | $830 | $1,937 |
| Downtown Blacksburg 1 Bedroom Apartments | $1,324 | $900 | $1,877 |
| Downtown Blacksburg 2 Bedroom Apartments | $1,481 | $580 | $2,343 |
| Downtown Blacksburg 3 Bedroom Apartments | $1,802 | $660 | $2,975 |
| Downtown Blacksburg 4 Bedroom Apartments | $1,413 | $552 | $4,000 |
Browse Apartments in this Neighborhood
There are currently 51 rentals with your search options within a 2 mile radius of the Downtown Blacksburg Neighborhood of Blacksburg, VA.
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Downtown Blacksburg, Blacksburg, VA Local Guide
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Cheapest Available Downtown Blacksburg Apartments for Rent
 The cheapest available apartment rental in the Downtown Blacksburg area of Blacksburg, VA is a 2 Beds unit found at Legacy on Main priced from $580. 1711 Apartments has the second lowest priced unit, which is a 4 Beds apartment currently listed from $625. Here are the most affordable Downtown Blacksburg apartments for rent in Blacksburg, VA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Legacy on Main | 2-Bedroom | 2BR,2BA | $580 |
| 1711 Apartments | 1711 Whipple Drive|Renovated Apartment | 4BR,2BA | $625 |
| 709/711 Giles | 709-711 Giles Road - Individual Lease | 3BR,2BA | $670 |
| 300 McDonald Street Apartments | 3 Bed 1 Bath with Den | Individual Lease w/ Roo... | 3BR,1BA | $675 |
| Hearthstone | 120 E Hearthstone | 1BR,1BA | $900 |
| Fourteen35 Apartments | 4BR/4.0BA | 4BR,4BA | $995 |
| Chasewood Apartments | 1BR | 1BR,1BA | $1,080 |
| Apartment Heights | 1 Bedroom | 1BR,1BA | $1,130 |
| Fieldstone Family | Bluefield | 2BR,2BA | $1,131 |
| Brexx at Blacksburg | Milledge 4x4.5 | 4BR,4BA | $1,159 |
Best Value Apartments for Rent in Downtown Blacksburg, VA
As of July 27, 2026 the best value apartment in the Downtown Blacksburg area is the $0.68 price per square foot Thornberry 4x4 Model at Brexx at Blacksburg in the in the Downtown Blacksburg neighborhood starting from $1,149. The second greatest value Downtown Blacksburg apartment is the 4BR/4.0BA Model at Fourteen35 Apartments starting at $995 with a $0.69 price per square foot in the Downtown Blacksburg neighborhood. Here is today’s list of the best values for Downtown Blacksburg apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Brexx at Blacksburg | Thornberry 4x4 | 4BR,4BA | $0.68 |
| Fourteen35 Apartments | 4BR/4.0BA | 4BR,4BA | $0.69 |
| 1711 Apartments | 1711 Whipple Drive|Renovated Apartment | 4BR,2BA | $0.53 |
| Terrace View | 3Ax1.5 T2 | 3BR,1.5BA | $0.82 |
| Ridgewood Village | 3A | 3BR,1BA | $1.34 |
| 105 Tee St | 3x1.5 Townhome | 3BR,1.5BA | $1.45 |
| 900 Palmer Dr, Unit 900 Palmer | 900 Palmer Dr | 2BR,1BA | $1.27 |
| Fieldstone Family | Bluefield | 2BR,2BA | $1.06 |
| The Odyssey | 2 Beds, 2 baths | 2BR,2BA | $1.54 |
| Apartment Heights | 1 Bedroom | 1BR,1BA | $1.51 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
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.
Lifestyle Ratings
ApartmentHomeLiving.com compares millions of points of data to bring you Lifestyle Ratings of rentals in metropolitan areas across the United States, including Blacksburg. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including filtering automatically for proximity to parks, luxury housing options, transit availability, pet-friendly communities, multifamily communities for the kids, and more. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!
Frequently Asked Questions about Cheap Downtown Blacksburg Apartments
What is the price of a cheap apartment in Downtown Blacksburg?
The cheapest apartment in Downtown Blacksburg is Hearthstone which is listed at $900, while the average apartment in Downtown Blacksburg costs $1,644.
What types of apartments are the cheapest in Downtown Blacksburg?
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 22 regular apartments in Downtown Blacksburg 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 Downtown Blacksburg?
Cheap apartments in Downtown Blacksburg have an average cost of $1,160 which is $484 cheaper than the average rent for all rentals in Downtown Blacksburg.
Expert Rental Resources
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.
Articles, How-To's, and Tips

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.