
Cheap Apartments for Rent in the Downtown Blacksburg Neighborhood of Blacksburg, VA from $300 (44 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Blacksburg area of Blacksburg.


1205 S Main St

1210 University Terrace, Unit F

203-209 Tee Street

411 Laurence Ln

709/711 Giles

300 McDonald Street Apartments

202 Huntington Ln
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.

Hearthstone

Lantern Ridge Apartments

Hub Blacksburg

Shawnee Apartments

1310 N Main St

Total Monthly Price
Apartment Heights

Fieldstone Family

Windsor Hills Apartments
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.

212-214 Ellett Rd

Total Monthly Price
1102 Airport Rd, Unit 1102 #1 Airport Rd, Unit 1102 #1 Airport Rd

Cedarfield Apartments

Bennett Hill

The Farm

Foxridge Apartment Homes

Creekside

Total Monthly Price
415 Piedmont St, Unit 2, Unit 2
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

Sundance Ridge

Jefferson Apartments

208 Wharton St

Grissom Lane Apartments

1720 Patrick Henry Dr

202 Bennett St

1310 N Main St

Willow Creek Blacksburg
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

Terpence Apartments

1017 Montgomery St

204 Broce Dr

909 Montgomery St

Blacksburg Homestay Village

Shenandoah Townhomes

400 Green St

Cascade Pointe
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.

1800 Whipple Dr

1201-1207 North Main

733 Progress St NE

University Place Condominiums
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 | $1,531 | $830 | $2,020 |
| Downtown Blacksburg 1 Bedroom Apartments | $1,322 | $900 | $2,130 |
| Downtown Blacksburg 2 Bedroom Apartments | $1,440 | $320 | $2,416 |
| Downtown Blacksburg 3 Bedroom Apartments | $1,779 | $565 | $3,180 |
| Downtown Blacksburg 4 Bedroom Apartments | $1,407 | $485 | $4,165 |
Browse Apartments in this Neighborhood
There are currently 44 rentals with your search options within a 2 mile radius of the Downtown Blacksburg Neighborhood of Blacksburg, VA.
See all Apartments in BlacksburgExplore Blacksburg
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 4 Beds unit found at 1711 Apartments priced from $485. 203-209 Tee Street has the second lowest priced unit, which is a 3 Beds apartment currently listed from $565. Here are the most affordable Downtown Blacksburg apartments for rent in Blacksburg, VA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 1711 Apartments | Available Now - Spacious 4 Bedroom 2 Bathroom A... | 4BR,2BA | $485 |
| 203-209 Tee Street | Tee Street Apartments | Individual Lease | 08/1... | 3BR,2BA | $565 |
| 709/711 Giles | 709-711 Giles Road - Individual Lease | 3BR,2BA | $670 |
| 300 McDonald Street Apartments | 300 McDonald Street Apartments | Individual Lea... | 2BR,1BA | $840 |
| Hearthstone | 120 E Hearthstone | 1BR,1BA | $900 |
| Lantern Ridge Apartments | One Bedroom Units | 1BR,1BA | $1,024 |
| Fieldstone Family | Bluefield | 2BR,2BA | $1,131 |
| Brexx at Blacksburg | Milledge 4x4.5 | 4BR,4BA | $1,159 |
| Bennett Hill | 1 Bed, 1 bath | 1BR,1BA | $1,350 |
| Chasewood Apartments | Saratoga opt. Balcony/patio | 2BR,1BA | $1,350 |
Best Value Apartments for Rent in Downtown Blacksburg, VA
As of April 28, 2026 the best value apartment in the Downtown Blacksburg area is the $0.85 price per square foot 4 Bedroom, 4 Bathroom Model at 1007 Chateau St Blacksburg in the in the Downtown Blacksburg neighborhood starting from $3,195. The second greatest value Downtown Blacksburg apartment is the The Flats At Uptown 3 Bedroom Condo *Short-Term... Model at The Flats starting at $2,050 with a $1.37 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. |
|---|---|---|---|
| 1007 Chateau St Blacksburg | 4 Bedroom, 4 Bathroom | 4BR,4BA | $0.85 |
| The Flats | The Flats At Uptown 3 Bedroom Condo *Short-Term... | 3BR,2BA | $1.37 |
| Cedarfield Apartments | 3 Bedroom Townhome | 3BR,2.5BA | $1.31 |
| Fourteen35 Apartments | Fourteen35 4th Floor | 4 Bed 4 Bath | Available... | 4BR,4BA | $0.68 |
| Brexx at Blacksburg | Birchmore 2x2.5 | 2BR,2.5BA | $1.08 |
| 1711 Apartments | Available Now - Renovated Apartment with a Wash... | 4BR,2BA | $0.48 |
| Ridgewood Village | 3A | 3BR,1BA | $1.42 |
| Fieldstone Family | Bluefield | 2BR,2BA | $1.06 |
| 203-209 Tee Street | Tee Street Apartments | Individual Lease | 08/1... | 3BR,2BA | $0.67 |
| Maple Ridge Townhomes | 2 Bedroom Luxury | 2BR,1.5BA | $1.27 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon'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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
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 $1,649.
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 65 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 $1,172 which is $477 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

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.