Cheap Homes for Rent in University Airport Neighborhood of Blacksburg, VA from $500 (8 Rentals)

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Search the lowest-cost Homes available for rent right now in the University Airport area of Blacksburg.

property at 1205 S Main St

$550

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$550

Total Monthly Price
$550

1 Bedroom, 1 Bath Home for Rent

Available Now

1205 S Main St

BlacksburgVA24060
property at 202 Bennett St

$860

Total Monthly Price

Total Monthly Price

Base Rent
$860

Total Monthly Price
$860

1 Bedroom, 1 Bath Home for Rent

Available Now

202 Bennett St

BlacksburgVA24060
property at 204 Broce Dr

$1,195

Total Monthly Price

Total Monthly Price

Base Rent
$1,195

Total Monthly Price
$1,195

2 Bedroom, 1 Bath Home for Rent

Available Jul 28

204 Broce Dr

BlacksburgVA24060

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.

property at 1747 Donlee Dr

$1,200

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,200

Total Monthly Price
$1,200

2 Bedroom, 1 Bath Condo for Rent

Available Aug 1

1747 Donlee Dr

BlacksburgVA24060
property at 1725 Donlee Dr

$1,500

Total Monthly Price6 Month Lease Term

Total Monthly Price

Base Rent
$1,500

Total Monthly Price
$1,500

3 Bedroom, 2 Bath Townhome for Rent

Available Aug 10

1725 Donlee Dr

BlacksburgVA24060

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.

University Airport, Blacksburg, VA Local Guide

Cheapest Available University Airport Apartments for Rent

 

The cheapest available apartment rental in the University Airport area of Blacksburg, VA is a 3 Beds unit found at 709/711 Giles priced from $670. 300 McDonald Street Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $840. Here are the most affordable University Airport apartments for rent in Blacksburg, VA:

Apartment ListingModel NameBed/BathPriced From
709/711 Giles709-711 Giles Road - Individual Lease3BR,2BA$670
300 McDonald Street Apartments300 McDonald Street Apartments | Individual Lea...2BR,1BA$840
Hearthstone120 E Hearthstone1BR,1BA$900

Best Value Apartments for Rent in University Airport, VA

As of May 07, 2026 the best value apartment in the University Airport area is the $0.84 price per square foot 4 Bedroom, 4 Bathroom Model at 1007 Chateau St Blacksburg in the in the Downtown Blacksburg neighborhood starting from $3,175. The second greatest value University Airport apartment is the 3 Bedroom Townhome Model at Cedarfield Apartments starting at $1,895 with a $1.31 price per square foot in the Downtown Blacksburg neighborhood. Here is today’s list of the best values for University Airport apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
1007 Chateau St Blacksburg4 Bedroom, 4 Bathroom4BR,4BA$0.84
Cedarfield Apartments3 Bedroom Townhome3BR,2.5BA$1.31
Fourteen35 ApartmentsFourteen35 4th Floor | 4 Bed 4 Bath | Available...4BR,4BA$0.68
Brexx at BlacksburgBirchmore 2x2.52BR,2.5BA$1.08
Ridgewood Village3A3BR,1BA$1.38
1205 University Ter, Unit F1205 University Ter4BR,2BA$1.85
1203 University Ter, Unit I1203 University Ter4BR,2BA$1.89
Highlands at Huckleberry RidgeThe Isle1BR,1BA$1.95
East Roanoke Street1 bedroom1BR,1BA$1.25
Lantern Ridge ApartmentsOne Bedroom Units1BR,1BA$1.91

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 Article
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Real 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.

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Quick 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.

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Pet Friendly Lifestyle
University Airport, Blacksburg, VA

Ranked #4

Among cities in Virginia for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Frequently Asked Questions about University Airport

What type of rentals are currently available in University Airport?

There are currently 124 Apartments for Rent in University Airport, VA with pricing that ranges from $670 to $4,000. There are also 52 Single Family Homes for rent, Condos, and Townhome rentals currently available in University Airport ranging from $550 to $3,625.

What is the current price range for Rental Homes in University Airport?

Today's rental pricing for Homes for Rent, Condos and Townhomes in University Airport ranges from $550 to $3,625 with an average monthly rent of $1,961.

How much are larger Three and Four Bedroom Rentals in University Airport?

For those who are looking for larger living arrangements, Three Bedroom Apartments in University Airport range from $670 to $2,975, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,500 to $2,995. Four Bedroom Single-Family rentals are also available starting from $1,700 and Four Bedroom Apartments start at $1,045.

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

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts  article

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.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.