
Cheap Homes for Rent in the Downtown Blacksburg Neighborhood of Blacksburg, VA from $1,015 (81 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Blacksburg area of Blacksburg.


969 Nellies Cave Rd

503 Sunridge Dr

509L Sundance Rdg

501 Sunridge Dr

509 Sunridge Dr

1406 University City Blvd

512 Fairview Ave

317 Owens St

821 Montgomery St
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.

1284 Harding Rd

1402 University City Blvd

900 Progress St NW

106 Lucas Dr

1400 University City Blvd

1706 Boxwood Dr, Unit B

307 Loudon Rd

904 Brightwood Manor Dr

309 Loudon Rd

311 Loudon Rd
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.

1781 Liberty Ln

380 New Kent Rd

900 Brightwood Manor Dr

1730 Liberty Ln

370 New Kent Rd

909 Montgomery St NW

402 Laurence Ln

436 Marlington St

204 Ellett Rd

206 Ellett Rd
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.

3389 Happy Hollow Rd

1744 Donlee Dr

446 Marlington St

1741 Donlee Dr

1000 Progress St NW

106 Ellett Rd

327 Charles St

331 Charles St

1407 Grissom Ln

1775 Liberty 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.

207 Wharton St SE

354 Shenandoah Cir

383 New Kent Rd

371 New Kent Rd

908 Buchanan Dr

1919 Sussex Rd

620 Roanoke St E

1710 Emerald St

1905B Tabor Village Dr

902 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 a home in Downtown Blacksburg?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Blacksburg 2 Bedroom Homes for Rent | $1,501 | $1,065 | $2,125 |
| Downtown Blacksburg 3 Bedroom Homes for Rent | $1,990 | $1,015 | $4,500 |
| Downtown Blacksburg 4 Bedroom Homes for Rent | $2,387 | $650 | $5,250 |
| Downtown Blacksburg 5 Bedroom Homes for Rent | $2,775 | $2,775 | $2,775 |
Browse Homes for Rent in this Neighborhood
There are currently 81 rentals with your search options within a 2 mile radius of the Downtown Blacksburg Neighborhood of Blacksburg, VA.
Explore Blacksburg
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 709/711 Giles priced from $670. Chasewood Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,080. Here are the most affordable Downtown Blacksburg apartments for rent in Blacksburg, VA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 709/711 Giles | 709-711 Giles Road - Individual Lease | 3BR,2BA | $670 |
| 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 |
| Hub Blacksburg | 4x4 + | 4BR,4BA | $1,259 |
| The Mill at Blacksburg | 2 Bed 1 Bath | 2BR,1BA | $1,270 |
| Pack Place Apartments | 2x1 - Non Renovated | 2BR,1BA | $1,495 |
| 105 Tee St | 3x1.5 Townhome | 3BR,1BA | $1,595 |
| The Odyssey | 2 Beds, 2 baths | 2BR,2BA | $1,640 |
Best Value Apartments for Rent in Downtown Blacksburg, VA
As of August 23, 2026 the best value apartment in the Downtown Blacksburg area is the $0.31 price per square foot 4 Bedroom - unfurnished Model at The Summit at Uptown in the in the Downtown Blacksburg neighborhood starting from $725. The second greatest value Downtown Blacksburg apartment is the 4x4 + Model at Hub Blacksburg starting at $1,259 with a $0.81 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. |
|---|---|---|---|
| The Summit at Uptown | 4 Bedroom - unfurnished | 4BR,3.5BA | $0.31 |
| Hub Blacksburg | 4x4 + | 4BR,4BA | $0.81 |
| Maple Ridge Townhomes | 4 Bedroom Luxury | 4BR,2BA | $0.64 |
| Clover Valley Phase II | 4BR/2.5BA | 4BR,2.5BA | $0.64 |
| Union Blacksburg | D5 - Existing Unit | 4BR,4BA | $0.69 |
| Fourteen35 Apartments | Available for the 2026-2027 lease term! | 4BR,4BA | $0.69 |
| Brexx at Blacksburg | Milledge 3x3 | 3BR,3BA | $0.94 |
| Collegiate Suites of Blacksburg | 4 Bedroom Luxury w/Cathedral Ceilings | 4BR,4BA | $0.76 |
| Terrace View | 3x3 Tier 1 | 3BR,3BA | $0.95 |
| Stonegate and Carlton Scott Apartments | C2-R | 2BR,1BA | $0.84 |
Frequently Asked Questions about Downtown Blacksburg
What type of rentals are currently available in Downtown Blacksburg?
There are currently 157 Apartments for Rent in Downtown Blacksburg, VA with pricing that ranges from $562 to $4,000. There are also 318 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Blacksburg ranging from $650 to $5,250.
What is the current price range for Rental Homes in Downtown Blacksburg?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Blacksburg ranges from $650 to $5,250 with an average monthly rent of $2,041.
How much are larger Three and Four Bedroom Rentals in Downtown Blacksburg?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Downtown Blacksburg range from $660 to $2,952, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,015 to $4,500. Four Bedroom Single-Family rentals are also available starting from $650 and Four Bedroom Apartments start at $562.
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.

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.

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.