
Cheap Apartments for Rent in the Downtown Blacksburg Neighborhood of Blacksburg, VA from $400 (66 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Blacksburg area of Blacksburg.


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Legacy on Main

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1711 Apartments

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709/711 Giles

703 York Dr

110 Northview Dr

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Chasewood Apartments

1003 Giles Rd

121 Hearthstone Dr

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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.

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Shawnee Apartments

208 Broce Dr

405 Marlington St

720 Roanoke St E

315 Reynolds Ave

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Apartment Heights

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Fieldstone Family

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Ridgewood Village

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Windsor Hills Apartments

800 Orchard St
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.

1706 Boxwood Dr, Unit B

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Hub Blacksburg

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Hearthstone

UT - 1215-G

133 Clover Valley Cir

Sundance Ridge

Jefferson Apartments

208 Wharton St

Grissom Lane Apartments

1720 Patrick Henry Dr
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.

400 Green St

1003 Giles Rd

1310 N Main St

969 Nellies Cave Rd

315 Landsdowne St

503 Sunridge Dr

509L Sundance Rdg

501 Sunridge Dr

509 Sunridge Dr

317 Owens St
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.

Willow Creek Blacksburg

Terpence Apartments

821 Montgomery St

1402 University City Blvd

1017 Montgomery St

900 Progress St NW

106 Lucas Dr

1400 University City Blvd

904 Brightwood Manor Dr

900 Brightwood Manor Dr
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 | $1,490 | $700 | $1,940 |
| Downtown Blacksburg 1 Bedroom Apartments | $1,412 | $1,024 | $1,983 |
| Downtown Blacksburg 2 Bedroom Apartments | $1,467 | $580 | $2,323 |
| Downtown Blacksburg 3 Bedroom Apartments | $1,808 | $660 | $2,963 |
| Downtown Blacksburg 4 Bedroom Apartments | $1,432 | $625 | $4,000 |
Browse Apartments in this Neighborhood
There are currently 66 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
- Nearby Blacksburg neighborhoods
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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 3 Beds unit found at Legacy on Main priced from $660. 709/711 Giles has the second lowest priced unit, which is a 3 Beds apartment currently listed from $670. Here are the most affordable Downtown Blacksburg apartments for rent in Blacksburg, VA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Legacy on Main | 3-Bedroom | 3BR,2BA | $660 |
| 709/711 Giles | 709-711 Giles Road - Individual Lease | 3BR,2BA | $670 |
| Fourteen35 Apartments | 4BR/4.0BA | 4BR,4BA | $965 |
| Lantern Ridge Apartments | One Bedroom Units | 1BR,1BA | $1,024 |
| Apartment Heights | 1 Bedroom | 1BR,1BA | $1,130 |
| Fieldstone Family | Bluefield | 2BR,2BA | $1,131 |
| Brexx at Blacksburg | Milledge 4x4.5 | 4BR,4BA | $1,189 |
| Hub Blacksburg | 4x4 + | 4BR,4BA | $1,259 |
| The Mill at Blacksburg | 2 Bed 1 Bath | 2BR,1BA | $1,270 |
| Creekside | Creekside-1 Bed 1 Bath | All Utilities Included... | 1BR,1BA | $1,445 |
Best Value Apartments for Rent in Downtown Blacksburg, VA
As of September 10, 2026 the best value apartment in the Downtown Blacksburg area is the $0.81 price per square foot 4x4 + Model at Hub Blacksburg in the in the Downtown Blacksburg neighborhood starting from $1,259. The second greatest value Downtown Blacksburg apartment is the 4 Bedroom Luxury Model at Maple Ridge Townhomes starting at $949 with a $0.63 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. |
|---|---|---|---|
| Hub Blacksburg | 4x4 + | 4BR,4BA | $0.81 |
| Maple Ridge Townhomes | 4 Bedroom Luxury | 4BR,2BA | $0.63 |
| Fourteen35 Apartments | Available for the 2026-2027 lease term! | 4BR,4BA | $0.69 |
| Brexx at Blacksburg | Milledge 3x3 | 3BR,3BA | $0.96 |
| Collegiate Suites of Blacksburg | 4 Bedroom Luxury w/Cathedral Ceilings | 4BR,4BA | $0.76 |
| Terrace View | 3x3 Tier 1 | 3BR,3BA | $0.95 |
| 105 Tee St | 3x1.5 Townhome | 3BR,1.5BA | $1.45 |
| Fieldstone Family | Bluefield | 2BR,2BA | $1.06 |
| The Odyssey | 2 Beds, 2 baths | 2BR,2BA | $1.54 |
| Stonegate and Carlton Scott Apartments | C2-R | 2BR,1BA | $0.84 |
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 ArticleNavigating 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.
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
How much is rent for a Cheap One Bedroom Downtown Blacksburg Apartment?
The lowest price for a Cheap One Bedroom Downtown Blacksburg Apartment is $1,024 at Lantern Ridge Apartments.
What is the lowest price for a Cheap Two Bedroom Downtown Blacksburg Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Downtown Blacksburg is starting from $1,131 at Fieldstone Family.
What is the most affordable Downtown Blacksburg Three Bedroom Apartment?
The best deal on a cheap Downtown Blacksburg Three Bedroom Apartment rental is at Legacy on Main and starts from $660.
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.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.