Cheap Apartments for Rent in Ferrum, VA from $700 (26 Rentals)

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

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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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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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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Fieldale Apartments
1 to 2 Bedroom Apartments

Fieldale Apartments

100 Marshall WayFieldale, VA 24089
  • Utilities Included
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2001 Lynn Ave
1 to 2 Bedroom Apartments

2001 Lynn Ave

2001 Lynn Ave SWRoanoke, VA 24014
  • Utilities Included
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3rd,SW,1401
1 Bedroom Apartments

3rd,SW,1401

1401 3rd St SWRoanoke, VA 24016

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

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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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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301 Gilmer Ave
Studio to 2 Bedroom Apartments

301 Gilmer Ave

301 Gilmer AveRoanoke, VA 24016
Showing Results 1-26, Page 1 of 1

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 Fayette Street Lofts in the Upper Martinsville neighborhood priced from $795. The Everett in the Deyerle neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $849. Here is today’s list of the most affordable Ferrum apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Fayette Street LoftsLoft1BR,1BA$795
The Everett1 Bed, 1 Bath C Income-Restricted1BR,1BA$849
Hill Court Apartments1 Bed 1 Bath1BR,1BA$875
The Cove Apartments2x12BR,1BA$916
School Drive ApartmentsOne Bedroom1BR,1BA$921
3rd,SW,14011BR/1.0BA1BR,1BA$950
Stone Ridge Apartments- Convenient Location1BR/1.0BA1BR,1BA$975
Gardens At Grandin - II1BR/1.0BA1BR,1BA$995
Chief TasselOne Bed - Unfurnished1BR,1BA$995
Blue Ridge Village Apartments2/1.5 50% AMI2BR,1BA$1,045

Best Value Apartments for Rent in Ferrum, VA and Nearby

As of November 03, 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 $1,611 with a $1.30 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$1.30
Blue Ridge Village Apartments2/1.5 50% AMI2BR,1.5BA$0.94
The Riverwalk at Salem2 Bedroom, 1.5 Bath2BR,1.5BA$1.28
Gardens At Grandin - II1BR/1.0BA1BR,1BA$1.11
Fayette Street LoftsFlat1BR,1BA$1.03
Flats at Glade Creek2X12BR,1BA$1.29
The Cove Apartments2x12BR,1BA$1.15
School Drive ApartmentsOne Bedroom1BR,1BA$1.31
The Everett1 Bed, 1 Bath C Income-Restricted1BR,1BA$1.28

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

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

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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!

Explore Ferrum, VA Rentals by Map

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See the most popular apartments and homes in Ferrum, VA

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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

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

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 Fayette Street Lofts.

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 $916 at The Cove 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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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.