Cheap Apartments for Rent in Ferrum, VA from $700 (32 Rentals)

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Search the lowest-cost Apartments available for rent right now in Ferrum.

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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The Cove Apartments
$971 - $1,109
Total Monthly Price

Total Monthly Price

Base Rent
$916 - $1,054
Required Monthly Fees
$55

Total Monthly Price
$971 - $1,109
2 to 3 Bedroom Apartments Available Jul 1

The Cove Apartments

3816 Panorama Ave NWRoanoke, VA 24017
Corporate Housing
  • Verified
  • Customer Reviewed
  • 3D Tour
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West Creek Manor
$1,025 - $1,385
Total Monthly Price

Total Monthly Price

Base Rent
$975 - $1,335
Required Monthly Fees
$50

Total Monthly Price
$1,025 - $1,385
1 to 3 Bedroom Apartments Available Now

West Creek Manor

410-1 Westside Blvd NWRoanoke, VA 24017
Furnished
  • Verified
  • Customer Reviewed
  • Utilities Included
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The Heights at Gateway Park
Rent Specials
$1,099 - $1,499
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,099 - $1,499

Total Monthly Price
$1,099 - $1,499
1 to 2 Bedroom Apartments Available Now

The Heights at Gateway Park

601 Orange Ave NERoanoke, VA 24016
Corporate Housing
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  • Customer Reviewed
  • 3D Tour
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Pebble Creek
$1,111 - $3,644
Total Monthly Price

Total Monthly Price

Base Rent
$1,106 - $3,639
Required Monthly Fees
$5

Total Monthly Price
$1,111 - $3,644
1 to 3 Bedroom Apartments Available Now

Pebble Creek

3345 Circle Brook Dr SWRoanoke, VA 24018
Corporate Housing
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  • 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.

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Ridge View Apartments
Rent Specials
$1,150 - $1,380
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,091 - $1,321
Required Monthly Fees
$59

Total Monthly Price
$1,150 - $1,380
3 Bedroom Apartments Available Jun 30

Ridge View Apartments

1130 Ridge RdMartinsville, VA 24112
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Brandon Point Apartments
$1,150 - $1,650
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,150 - $1,650

Total Monthly Price
$1,150 - $1,650
2 to 3 Bedroom Apartments Available Now

Brandon Point Apartments

3801-3819 Stratford Park Dr SWRoanoke, VA 24018
Family Friendly
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  • Customer Reviewed
  • Utilities Included
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Honeywood Apartments
$1,197 - $2,553
Total Monthly Price

Total Monthly Price

Base Rent
$1,192 - $2,548
Required Monthly Fees
$5

Total Monthly Price
$1,197 - $2,553
1 to 2 Bedroom Apartments Available Now

Honeywood Apartments

3101 Honeywood LnRoanoke, VA 24018
Corporate Housing
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  • Customer Reviewed
  • 3D Tour
property at 2712 Rakes Rd

$650

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$650

Total Monthly Price
$650

Studio, 1 Bath Home for Rent

Available Now

2712 Rakes Rd

Rocky MountVA24151
property at 705 4th St

$750

Total Monthly Price

Total Monthly Price

Base Rent
$750

Total Monthly Price
$750

2 Bedroom, 1 Bath Home for Rent

Available Now

705 4th St

MartinsvilleVA24112
property at 1789 Stultz Rd

$800

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$800

Total Monthly Price
$800

2 Bedroom, 1 Bath Home for Rent

Available Now

1789 Stultz Rd

MartinsvilleVA24112
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2001 Lynn Ave
1 to 2 Bedroom Apartments

2001 Lynn Ave

2001 Lynn Ave SWRoanoke, VA 24014
  • 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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Fayette Street Lofts
1 Bedroom Apartments

Fayette Street Lofts

62 Fayette StreetMartinsville, VA 24112
Corporate Housing
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The Everett
1 to 3 Bedroom Apartments

The Everett

4301 Garst Mill RdRoanoke, VA 24018
  • Utilities Included
property at 614 Clift St

$950

Total Monthly Price

Total Monthly Price

Base Rent
$950

Total Monthly Price
$950

3 Bedroom, 1.5 Bath Home for Rent

Available Jul 1

614 Clift St

MartinsvilleVA24112
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115 Elm Ave SW
1 to 2 Bedroom Apartments

115 Elm Ave SW

115 Elm Ave SWRoanoke, VA 24016
  • Utilities Included
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3rd,SW,1401
1 Bedroom Apartments

3rd,SW,1401

1401 3rd St SWRoanoke, VA 24016
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301 Gilmer Ave
Studio to 2 Bedroom Apartments

301 Gilmer Ave

301 Gilmer AveRoanoke, VA 24016

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.

Ferrum, VA Local Guide

Cheapest Available Ferrum Apartments for Rent and Nearby

 

The cheapest available apartment rental in Ferrum, VA is a 1 Bed unit found at 100 Marshall Way priced from $795. 74-78 Halifax Dr has the second lowest priced unit, which is a 1 Bed apartment currently listed from $800. Here is today’s list of the most affordable Ferrum apartments for rent:

Apartment ListingModel NameBed/BathPriced From
100 Marshall Way1 Bedroom1BR,1BA$795
74-78 Halifax Dr1Br/1Ba1BR,1BA$800
Hill Court Apartments2 Bed 1 Bath2BR,1BA$875
1222-1224 Maple Ave SW1 Bed 1 Bath1BR,1BA$895
631 Campbell Ave LLC - ResidentialStudio LoftStudio,1BA$895
Stone Ridge Apartments- Convenient Location1BR/1.0BA1BR,1BA$915
Chief TasselOne Bed - Unfurnished1BR,1BA$945
Mount Pleasant Villas1x11BR,1BA$999
One Ellsworth1BR/1.0BA1BR,1BA$1,005
3rd,SW,14011BR/1.0BA1BR,1BA$1,025

Best Value Apartments for Rent in Ferrum, VA and Nearby

As of May 28, 2026 the best value apartment in the Ferrum area is the $1.38 price per square foot 3BR/2BA Upgraded Model at Brandon Point Apartments in the in the South Washington Heights neighborhood starting from $1,650. The second greatest value Ferrum apartment is the 2 Bed, 1.5 Bath D Standard Model at The Everett starting at $1,341 with a $1.18 price per square foot in the Deyerle neighborhood. Here is today’s list of the best values for Ferrum apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Brandon Point Apartments3BR/2BA Upgraded3BR,2BA$1.38
The Everett2 Bed, 1.5 Bath D Standard2BR,1.5BA$1.18
Westmont Apartments2BR2BR,2BA$1.31
Bent Tree2 BEDROOM2BR,1BA$1.31
Gardens At Grandin - II2BR/1.0BA2BR,1BA$1.07
West Creek Manor2 Bedroom2BR,1BA$1.11
The Riverwalk at Salem2 Bedroom, 1.5 Bath2BR,1.5BA$1.28
Windy Hill Key1 Bedroom, 1 Bath with Den & Storage1BR,1BA$1.36
100 Marshall Way1 Bedroom1BR,1BA$0.88
74-78 Halifax Dr1Br/1Ba1BR,1BA$1.23

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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Quick Rent Budget Calculator

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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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Remember the 3 Rules of Real Estate:
Location, Location, Location!

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Frequently Asked Questions about Cheap Ferrum Apartments

How much is rent for a Cheap One Bedroom Ferrum Apartment?

The lowest price for a Cheap One Bedroom Ferrum Apartment is $795 at 100 Marshall Way.

What is the lowest price for a Cheap Two Bedroom Ferrum Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Ferrum is starting from $875 at Hill Court Apartments.

What is the most affordable Ferrum Three Bedroom Apartment?

The best deal on a cheap Ferrum Three Bedroom Apartment rental is at Hill Court Apartments and starts from $999.

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.

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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.