Cheap Apartments for Rent in the University Neighborhood of Blacksburg, VA from $500 (56 Rentals)

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

property at 703 York Dr

$800

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$800

Total Monthly Price
$800

3 Bedroom, 2 Bath Home for Rent

Available Aug 1

703 York Dr

BlacksburgVA24060
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Apartment Heights
$1,130 - $1,980
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,130 - $1,980

Total Monthly Price
$1,130 - $1,980
1 to 3 Bedroom Apartments Available Now

Apartment Heights

309 Apartment Heights DrBlacksburg, VA 24060
Student Housing
  • Verified
  • Customer Reviewed
  • Utilities Included
property at 900 Brightwood Manor Dr

$1,230

Total Monthly Price

Total Monthly Price

Base Rent
$1,230

Total Monthly Price
$1,230

2 Bedroom, 1 Bath Home for Rent

Available Jul 31

900 Brightwood Manor 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.

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Ridgewood Village
$1,244 - $1,649
Total Monthly Price

Total Monthly Price

Base Rent
$1,235 - $1,640
Required Monthly Fees
$9

Total Monthly Price
$1,244 - $1,649
1 to 3 Bedroom Apartments Available Now

Ridgewood Village

400 Fairfax RdBlacksburg, VA 24060
Corporate Housing
  • Verified
  • Customer Reviewed
  • 3D Tour

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.

property at 207 Wharton St SE

$1,395

Total Monthly Price

Total Monthly Price

Base Rent
$1,395

Total Monthly Price
$1,395

3 Bedroom, 1 Bath Home for Rent

Available Jul 15

207 Wharton St SE

BlacksburgVA24060
property at 401 Marlington St

$1,400

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,400

Total Monthly Price
$1,400

2 Bedroom, 1.5 Bath Townhome for Rent

Available Jul 16

401 Marlington St

BlacksburgVA24060
property at 440 Marlington St

$1,480

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,480

Total Monthly Price
$1,480

2 Bedroom, 1 Bath Townhome for Rent

Available Aug 8

440 Marlington St

BlacksburgVA24060
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Smiths Landing Apartments
$1,491 - $2,476
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,485 - $2,470
Required Monthly Fees
Varies

Total Monthly Price
Varies
1 to 3 Bedroom Apartments Contact Us For Availability

Smiths Landing Apartments

870 Plantation RdBlacksburg, VA 24060
Student Housing
  • Verified
  • Customer Reviewed
  • 3D Tour
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Vue Apartments
Rent Specials
$1,600 - $2,600
Plus Fees12 Month Lease Term
1 to 3 Bedroom Apartments Contact Us For Availability

Vue Apartments

1906 Research Center DrBlacksburg, VA 24060
Student Housing
  • Verified
  • Customer Reviewed
  • Utilities Included

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.

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Sundance Ridge
Studio to 2 Bedroom Apartments

Sundance Ridge

501-509 Sunridge DrBlacksburg, VA 24060
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Wellesley - 2804
4 Bedroom Apartments

Wellesley - 2804

2804 Wellesley CtBlacksburg, VA 24060
Student Housing
property at 129 Huntington Ln

$700

Total Monthly Price

Total Monthly Price

Base Rent
$700

Total Monthly Price
$700

4 Bedroom, 2.5 Bath Townhome for Rent

Available Aug 10

129 Huntington Ln

BlacksburgVA24060
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Jefferson Apartments
1 to 3 Bedroom Apartments

Jefferson Apartments

614 Washington St SEBlacksburg, VA 24060
  • Utilities Included
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208 Wharton St
4 Bedroom Apartments

208 Wharton St

208 Wharton St SEBlacksburg, VA 24060
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1720 Patrick Henry Dr
Studio Apartments

1720 Patrick Henry Dr

1720 Patrick Henry DrBlacksburg, VA 24060
  • Utilities Included
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400 Green St
1 to 2 Bedroom Apartments

400 Green St

400 Green StBlacksburg, VA 24060
  • Utilities Included
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1310 N Main St
1 to 4 Bedroom Apartments

1310 N Main St

1310 N Main StBlacksburg, VA 24060

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.

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Terpence Apartments
2 to 3 Bedroom Apartments

Terpence Apartments

617 Lee StBlacksburg, VA 24060
Student Housing
  • Utilities Included
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1017 Montgomery St
2 Bedroom Apartments

1017 Montgomery St

1017 Montgomery StBlacksburg, VA 24060
Student Housing
property at 311 Loudon Rd

$1,195

Total Monthly Price

Total Monthly Price

Base Rent
$1,195

Total Monthly Price
$1,195

2 Bedroom, 1 Bath Condo for Rent

Available Aug 7

311 Loudon Rd

BlacksburgVA24060
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Shenandoah Townhomes
3 Bedroom Apartments

Shenandoah Townhomes

315 Shenandoah CirBlacksburg, VA 24060
  • Utilities Included
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Cascade Pointe
1 to 4 Bedroom Apartments

Cascade Pointe

1790 Liberty LnBlacksburg, VA 24060
  • Utilities Included
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Ramble Ridge
3 to 4 Bedroom Apartments

Ramble Ridge

2505 Ridge RdBlacksburg, VA 24060
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1201-1207 North Main
2 to 4 Bedroom Apartments

1201-1207 North Main

1201 N Main StBlacksburg, VA 24060
Student Housing
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Bennett Hill
1 to 2 Bedroom Apartments

Bennett Hill

112 Hearthstone DrBlacksburg, VA 24060
Furnished

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

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 ListingModel NameBed/BathPriced From
Legacy on Main2-Bedroom2BR,2BA$580
709/711 Giles709-711 Giles Road - Individual Lease3BR,2BA$670
300 McDonald Street Apartments300 McDonald Street Apartments | 3 Bed, 1 Bath ...3BR,1BA$755
Hearthstone120 E Hearthstone1BR,1BA$900
Chasewood Apartments1BR1BR,1BA$1,080
Apartment Heights1 Bedroom1BR,1BA$1,130
Brexx at BlacksburgMilledge 4x4.54BR,4BA$1,159
Ridgewood Village3A3BR,1BA$1,509
Hilltop2BR/2BA2BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Brexx at BlacksburgThornberry 4x44BR,4BA$0.68
Union BlacksburgTHD4 Furnished4BR,4BA$0.73
Terrace View3Ax1.5 T23BR,1.5BA$0.82
Ridgewood Village3A3BR,1BA$1.37
1203 University Ter, Unit I1203 University Ter4BR,2BA$1.84
300 McDonald Street Apartments300 McDonald | 2 bedroom2BR,1BA$1.99
Apartment Heights1 Bedroom1BR,1BA$1.51
709/711 Giles709-711 Giles Road2BR,2BA$2.12
East Roanoke Street2 Bedroom2BR,1BA$1.12
Chasewood Apartments1BR1BR,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.

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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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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, Blacksburg, VA

Ranked #5

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

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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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

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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.

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention   article

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.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

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.

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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.