Cheap Apartments for Rent in Ferrum, VA from $700 (24 Rentals)

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

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2001 Lynn Ave
1 Bedroom Apartments

2001 Lynn Ave

2001 Lynn Ave SWRoanoke, VA 24014
  • Utilities Included

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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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115 Elm Ave SW
1 Bedroom Apartments

115 Elm Ave SW

115 Elm Ave SWRoanoke, VA 24016
  • Utilities Included
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301 Gilmer Ave
2 Bedroom Apartments

301 Gilmer Ave

301 Gilmer AveRoanoke, VA 24016

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 Fieldale Apartments priced from $795. Hill Court Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $875. Here is today’s list of the most affordable Ferrum apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Fieldale Apartments1 Bedroom1BR,1BA$795
Hill Court Apartments1 Bed 1 Bath1BR,1BA$875
School Drive ApartmentsOne Bedroom1BR,1BA$921
The Everett1 Bed 1Bath - 1A1BR,1BA$985
Chief TasselOne Bed - Unfurnished1BR,1BA$995

Best Value Apartments for Rent in Ferrum, VA and Nearby

As of August 02, 2025 the best value apartment in the Ferrum area is the $1.00 price per square foot 3/2 60% AMI Model at Ridge View in the in the Upper Martinsville neighborhood starting from $1,284. The second greatest value Ferrum apartment is the 3 Bedroom, 2 Bath Model at Windy Hill Key starting at $1,561 with a $1.26 price per square foot in the Southern Hills 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.
Ridge View3/2 60% AMI3BR,2BA$1.00
Windy Hill Key3 Bedroom, 2 Bath3BR,2BA$1.26
Bent Tree3 BEDROOM3BR,1BA$1.43
Blue Ridge Village Apartments2/1.5 50% AMI2BR,1.5BA$0.94
The Riverwalk at Salem2 Bedroom, 1.5 Bath2BR,1.5BA$1.28
Fieldale Apartments1 Bedroom1BR,1BA$0.88
Gardens At Grandin - II2BR/1.0BA2BR,1BA$1.44
Flats at Glade Creek2X12BR,1BA$1.32
The Pines of RoanokeThe Pinewood1BR,1BA$1.40
Honeywood Apartments1 Bedroom1BR,1BA$1.45

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

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Getting Around Ferrum, VA

Walk Score®

16 / 100

Car-Dependent

Almost all errands require a car

Bike Score®

7 / 100

Somewhat Bikeable

Minimal bike infrastructure

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 Fieldale Apartments.

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 $1,045 at Blue Ridge Village 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 $1,181.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.