
Cheap Apartments for Rent in the University Neighborhood of Blacksburg, VA from $600 (56 Rentals)
Search the lowest-cost Apartments available for rent right now in the University area of Blacksburg.


709/711 Giles

300 McDonald Street Apartments

Chasewood Apartments

Total Monthly Price
400 Green St, Unit 400 Green 42A

Hearthstone

Lantern Ridge Apartments

Total Monthly Price
Hub Blacksburg

Shawnee Apartments

Total Monthly Price
Apartment Heights
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.

1747 Donlee Dr

Windsor Hills Apartments

Total Monthly Price
1102 Airport Rd, Unit 1102 Airport Rd

212-214 Ellett Rd

Cedarfield Apartments

Total Monthly Price
Ridgewood Village

Hethwood Communities

The Farm

Foxridge Apartment Homes

Creekside
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.

Cedar Pointe Apartments

The Reserve at Knollwood

Total Monthly Price
Smiths Landing Apartments

213 Landsdowne St

Pack Place Apartments

215 S Knollwood Dr

712 Roanoke St E

Vue Apartments

Total Monthly Price
900 Palmer Dr, Unit 900 Palmer

Sundance Ridge
Cash 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.

Jefferson Apartments

208 Wharton St

Grissom Lane Apartments

1720 Patrick Henry Dr

400 Green St

1310 N Main St

Willow Creek Blacksburg

Terpence Apartments

902 Brightwood Manor Dr

1017 Montgomery St
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.

204 Broce Dr

900 #3 Brightwood Manor Dr

Blacksburg Homestay Village

Shenandoah Townhomes

Cascade Pointe

Ramble Ridge

1201-1207 North Main

733 Progress St NE

Bennett Hill

1400 University City Blvd
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.
University, Blacksburg, VA Local Guide

How much does it cost to rent an apartment in University?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| University Studio Apartments | $1,484 | $830 | $1,910 |
| University 1 Bedroom Apartments | $1,345 | $875 | $2,083 |
| University 2 Bedroom Apartments | $1,533 | $840 | $2,599 |
| University 3 Bedroom Apartments | $1,843 | $670 | $2,975 |
| University 4 Bedroom Apartments | $1,493 | $600 | $4,000 |
Browse Apartments in this Neighborhood
There are currently 56 rentals with your search options within a 2 mile radius of the University Neighborhood of Blacksburg, VA.
See all Apartments in BlacksburgExplore Blacksburg
University, Blacksburg, VA Local Guide
- Nearby Blacksburg neighborhoods
- Nearby Cities
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Cheapest Available University Apartments for Rent
 The cheapest available apartment rental in the University 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 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 |
| 300 McDonald Street Apartments | 300 McDonald Street Apartments | Individual Lea... | 2BR,1BA | $840 |
| Hearthstone | 120 E Hearthstone | 1BR,1BA | $900 |
| Chasewood Apartments | 1BR | 1BR,1BA | $1,080 |
| Brexx at Blacksburg | Milledge 4x4.5 | 4BR,4BA | $1,159 |
| Creekside | 1BR/1.0BA | 1BR,1BA | $1,440 |
| Smiths Landing Apartments | The Valley | 1BR,1BA | $1,491 |
| Ridgewood Village | 3A | 3BR,1BA | $1,499 |
| Hilltop | 2BR/2BA | 2BR,2BA | $1,845 |
Best Value Apartments for Rent in University, VA
As of May 30, 2026 the best value apartment in the University 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 apartment is the Thornberry 4x4 Model at Brexx at Blacksburg starting at $1,149 with a $0.68 price per square foot in the Downtown Blacksburg neighborhood. Here is today’s list of the best values for University 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 | $0.84 |
| Brexx at Blacksburg | Thornberry 4x4 | 4BR,4BA | $0.68 |
| Union Blacksburg | THD4 Furnished | 4BR,4BA | $0.73 |
| Cedarfield Apartments | 3 Bedroom Townhome | 3BR,2.5BA | $1.31 |
| Fourteen35 Apartments | Fourteen35 4th Floor | 4 Bed 4 Bath | Available... | 4BR,4BA | $0.68 |
| Terrace View | 3Ax1.5 T2 | 3BR,1.5BA | $0.77 |
| Ridgewood Village | 3A | 3BR,1BA | $1.36 |
| 1203 University Ter, Unit I | 1203 University Ter | 4BR,2BA | $1.89 |
| 300 McDonald Street Apartments | 300 McDonald | 2 bedroom | 2BR,1BA | $1.99 |
| East Roanoke Street | 3-Bedroom | 3BR,1BA | $1.00 |
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.
Pet Friendly LifestyleUniversity, Blacksburg, VA
Ranked #7
Among cities in Virginia for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Lifestyle Ratings
ApartmentHomeLiving brings you Lifestyle Ratings of rentals and neighborhoods across the USA, and customized analysis for Central Blacksburg. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including searching for the best amenities, and proximity to parks, transit availability, pet-friendly communities, apartment communities for the kids, and other valuable search options. Find Lifestyle Search in the filter options (above). Happy Searching!
Frequently Asked Questions about Cheap University Apartments
What is the price of a cheap apartment in University?
The cheapest apartment in University is Hearthstone which is listed at $900, while the average apartment in University costs $1,655.
What types of apartments are the cheapest in University?
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 16 regular apartments in University 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 University?
Cheap apartments in University have an average cost of $1,169 which is $486 cheaper than the average rent for all rentals in University.
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

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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.

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.