
Cheap Homes for Rent in the University Neighborhood of Blacksburg, VA from $600 (14 Rentals)
Search the lowest-cost Homes available for rent right now in the University area of Blacksburg.


306 Giles Rd

403 Berryfield Ln, Unit Corner bedroom and bath

311 Loudon Rd

204 Broce Dr

315 Landsdowne St

420 N Main 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.

383 New Kent Rd

371 New Kent Rd

620 Roanoke St E

902 Brightwood Manor Dr

508 Nellies Cave Rd

250 S Main St, Unit 407

1003 Montgomery St NW
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 a home in University?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| University 2 Bedroom Homes for Rent | $1,475 | $1,195 | $1,700 |
| University 3 Bedroom Homes for Rent | $2,279 | $1,490 | $4,500 |
| University 4 Bedroom Homes for Rent | $2,205 | $650 | $5,250 |
Browse Homes for Rent in this Neighborhood
There are currently 14 rentals with your search options within a 2 mile radius of the University Neighborhood of Blacksburg, VA.
Explore Blacksburg
University, Blacksburg, VA Local Guide
- Nearby Blacksburg neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- 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 |
| Hearthstone | 120 E Hearthstone | 1BR,1BA | $900 |
| Fourteen35 Apartments | 4BR/4.0BA | 4BR,4BA | $995 |
| Chasewood Apartments | 1BR | 1BR,1BA | $1,080 |
Best Value Apartments for Rent in University, VA
As of August 05, 2026 the best value apartment in the University area is the $0.98 price per square foot 4 Bedroom, 2 Bathroom Model at 1708 Grayland St in the in the Downtown Blacksburg neighborhood starting from $1,650. The second greatest value University apartment is the 3 Bedrooms Townhome Model at Apartment Heights starting at $1,980 with a $1.65 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. |
|---|---|---|---|
| 1708 Grayland St | 4 Bedroom, 2 Bathroom | 4BR,2BA | $0.98 |
| Apartment Heights | 3 Bedrooms Townhome | 3BR,1.5BA | $1.65 |
| 900 Palmer Dr, Unit 900 Palmer | 900 Palmer Dr | 2BR,1BA | $1.27 |
| Ridgewood Village | 3A | 3BR,1BA | $1.32 |
| The Odyssey | 2 Beds, 2 baths | 2BR,2BA | $1.54 |
| 1282 N Main St, Unit #3 | 1282 N Main St | 3BR,2BA | $1.80 |
| 1203 University Ter, Unit I | 1203 University Ter | 4BR,2BA | $1.84 |
| Fourteen35 Apartments | Available for the 2026-2027 Lease Term! | 2BR,2BA | $1.45 |
| 709/711 Giles | 709-711 Giles Road | 2BR,2BA | $2.12 |
| 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
Frequently Asked Questions about University
What type of rentals are currently available in University?
There are currently 126 Apartments for Rent in University, VA with pricing that ranges from $580 to $4,000. There are also 68 Single Family Homes for rent, Condos, and Townhome rentals currently available in University ranging from $650 to $5,250.
What is the current price range for Rental Homes in University?
Today's rental pricing for Homes for Rent, Condos and Townhomes in University ranges from $650 to $5,250 with an average monthly rent of $2,134.
How much are larger Three and Four Bedroom Rentals in University?
For those who are looking for larger living arrangements, Three Bedroom Apartments in University range from $660 to $2,932, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,490 to $4,500. Four Bedroom Single-Family rentals are also available starting from $650 and Four Bedroom Apartments start at $995.
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.

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.

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.