
Cheap Apartments for Rent in the University Neighborhood of Blacksburg, VA from $500 (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

703 York Dr

Chasewood Apartments

Hearthstone

Lantern Ridge Apartments

Shawnee Apartments

Total Monthly Price
Apartment Heights

900 Brightwood Manor Dr
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.

Windsor Hills Apartments

Total Monthly Price
Ridgewood Village

Total Monthly Price
1706 Boxwood Dr, Unit 1706B Boxwood Drive

1706 Boxwood Dr, Unit B

Hub Blacksburg

Total Monthly Price
1102 Airport Rd, Unit 1102 Airport Rd

Cedarfield Apartments

Hethwood Apartment Homes

The Farm

Foxridge Apartment Homes
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.

207 Wharton St SE

401 Marlington St

Total Monthly Price
900 Palmer Dr, Unit 900 Palmer

Creekside

Cedar Pointe Apartments

440 Marlington St

The Reserve at Knollwood

Total Monthly Price
Smiths Landing Apartments

Pack Place Apartments

Vue Apartments
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.

Sundance Ridge

Wellesley - 2804

129 Huntington Ln

Jefferson Apartments

208 Wharton St

Grissom Lane Apartments

1720 Patrick Henry Dr

400 Green St

1310 N Main St

Willow Creek Blacksburg
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.

Terpence Apartments

1017 Montgomery St

311 Loudon Rd

Blacksburg Homestay Village

Shenandoah Townhomes

Cascade Pointe

Ramble Ridge

1201-1207 North Main

Bennett Hill

University Place Condominiums
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.
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 | $1,464 | $830 | $1,911 |
| University 1 Bedroom Apartments | $1,360 | $900 | $2,169 |
| University 2 Bedroom Apartments | $1,517 | $580 | $2,599 |
| University 3 Bedroom Apartments | $1,838 | $660 | $2,975 |
| University 4 Bedroom Apartments | $1,484 | $999 | $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
- ZIP codes
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- School Districts
Cheapest Available University Apartments for Rent
 The cheapest available apartment rental in the University area of Blacksburg, VA is a 2 Beds unit found at Legacy on Main priced from $580. 709/711 Giles has the second lowest priced unit, which is a 3 Beds apartment currently listed from $670. Here are the most affordable University apartments for rent in Blacksburg, VA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Legacy on Main | 2-Bedroom | 2BR,2BA | $580 |
| 709/711 Giles | 709-711 Giles Road - Individual Lease | 3BR,2BA | $670 |
| 300 McDonald Street Apartments | 300 McDonald Street Apartments | 3 Bed, 1 Bath ... | 3BR,1BA | $755 |
| Hearthstone | 120 E Hearthstone | 1BR,1BA | $900 |
| Chasewood Apartments | 1BR | 1BR,1BA | $1,080 |
| Apartment Heights | 1 Bedroom | 1BR,1BA | $1,130 |
| Brexx at Blacksburg | Milledge 4x4.5 | 4BR,4BA | $1,159 |
| Ridgewood Village | 3A | 3BR,1BA | $1,509 |
| Hilltop | 2BR/2BA | 2BR,2BA | $1,845 |
Best Value Apartments for Rent in University, VA
As of July 14, 2026 the best value apartment in the University area is the $0.68 price per square foot Thornberry 4x4 Model at Brexx at Blacksburg in the in the Downtown Blacksburg neighborhood starting from $1,149. The second greatest value University apartment is the THD4 Furnished Model at Union Blacksburg starting at $1,185 with a $0.73 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. |
|---|---|---|---|
| Brexx at Blacksburg | Thornberry 4x4 | 4BR,4BA | $0.68 |
| Union Blacksburg | THD4 Furnished | 4BR,4BA | $0.73 |
| Terrace View | 3Ax1.5 T2 | 3BR,1.5BA | $0.82 |
| Ridgewood Village | 3A | 3BR,1BA | $1.37 |
| 1203 University Ter, Unit I | 1203 University Ter | 4BR,2BA | $1.84 |
| 300 McDonald Street Apartments | 300 McDonald | 2 bedroom | 2BR,1BA | $1.99 |
| Apartment Heights | 1 Bedroom | 1BR,1BA | $1.51 |
| 709/711 Giles | 709-711 Giles Road | 2BR,2BA | $2.12 |
| East Roanoke Street | 2 Bedroom | 2BR,1BA | $1.12 |
| Chasewood Apartments | 1BR | 1BR,1BA | $2.16 |
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 #5
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 $1,650.
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 14 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 $1,184 which is $466 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

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.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.