
Cheap Apartments for Rent in Ferrum, VA from $800 (56 Rentals)
Search the lowest-cost Apartments available for rent right now in Ferrum.


78 Cooks Park Dr

113 Cooks Park Dr

74-78 Halifax Dr

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1222-1224 Maple Ave SW

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The Stone Ridge Apartments

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The Cove Apartments

School Drive Apartments

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Chief Tassel

Meadow Run
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.

184 Ramsey Blvd SE

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Gardens At Grandin - II

Mount Pleasant Villas

ONE Ellsworth

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CAMELOT VILLAGE

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Blue Ridge Village Apartments

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West Creek Manor

The Aurora - Residential

North View Apartments

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The Heights at Gateway Park
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.

Windy Hill Key

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Ridge View Apartments

722 Jefferson St

631 Campbell Ave LLC - Residential

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Honeywood Apartments

Westlake Apartment Homes

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The Pines of Roanoke

The Oak Grove Village Apartments

Westmont Apartments

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Pebble Creek
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Flats at Glade Creek

733 West

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The Riverwalk at Salem

45 Infinity Dr

100 Marshall Way

2001 Lynn Ave

299 Scout Dr

Fayette Street Lofts

Hill Court Apartments

The Lawson Building East
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.

433 Virgil H Goode Hwy

57 Sunrise Rd

The Everett

115 Elm Ave SW

305 Granville St

5200 Snow Creek Rd

6171 Virgil H Goode Hwy

4402 Riffe St

3rd,SW,1401

301 Gilmer Ave
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.
Ferrum, VA Local Guide

How much does it cost to rent an apartment in Ferrum?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Ferrum Studio Apartments | $1,486 | $1,486 | $1,486 |
| Ferrum 1 Bedroom Apartments | $1,240 | $800 | $2,607 |
| Ferrum 2 Bedroom Apartments | $1,441 | $950 | $2,579 |
| Ferrum 3 Bedroom Apartments | $1,773 | $1,150 | $3,574 |
| Ferrum 4 Bedroom Apartments | $1,887 | $1,805 | $1,929 |
Browse Top Apartments in Ferrum
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Ferrum, VA Local Guide
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Cheapest Available Ferrum Apartments for Rent and Nearby
 The cheapest available apartment rental in Ferrum, VA is a 1 Bed unit found at 1222-1224 Maple Ave SW in the Gilmer neighborhood priced from $895. The Stone Ridge Apartments in the Southern Hills neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $895. Here is today’s list of the most affordable Ferrum apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 1222-1224 Maple Ave SW | 1 Bed 1 Bath | 1BR,1BA | $895 |
| The Stone Ridge Apartments | 1BR/1.0BA | 1BR,1BA | $895 |
| School Drive Apartments | One Bedroom | 1BR,1BA | $921 |
| Chief Tassel | One Bed - Unfurnished | 1BR,1BA | $945 |
| Gardens At Grandin - II | 1BR/1.0BA | 1BR,1BA | $995 |
| Mount Pleasant Villas | 1x1 | 1BR,1BA | $999 |
| ONE Ellsworth | 1BR/1.0BA | 1BR,1BA | $1,000 |
| Blue Ridge Village Apartments | 2/1.5 40% AMI | 2BR,1BA | $1,015 |
| The Aurora - Residential | 1BR/1.0BA | 1BR,1BA | $1,075 |
| CAMELOT VILLAGE | 2 Bedroom | 2BR,1BA | $1,090 |
Best Value Apartments for Rent in Ferrum, VA and Nearby
As of September 05, 2026 the best value apartment in the Ferrum area is the $0.90 price per square foot 3/2 50% AMI Model at Ridge View Apartments in the in the Upper Martinsville neighborhood starting from $1,150. The second greatest value Ferrum apartment is the 3BR/2BA Model at Brandon Point Apartments starting at $1,550 with a $1.29 price per square foot in the South Washington Heights neighborhood. Here is today’s list of the best values for Ferrum apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Ridge View Apartments | 3/2 50% AMI | 3BR,2BA | $0.90 |
| Brandon Point Apartments | 3BR/2BA | 3BR,2BA | $1.29 |
| Blue Ridge Village Apartments | 2/1.5 40% AMI | 2BR,1.5BA | $0.91 |
| The Oak Grove Village Apartments | Bulk market rent | 2BR,1.5BA | $1.16 |
| West Creek Manor | 2 Bedroom | 2BR,1BA | $1.11 |
| Windy Hill Key | 2 Bedroom, 2 Bath | 2BR,2BA | $1.31 |
| The Riverwalk at Salem | 2 Bedroom, 1.5 Bath | 2BR,1.5BA | $1.36 |
| The Everett | 2 Bed, 1 Bath A Income-Restricted | 2BR,1BA | $1.38 |
| Gardens At Grandin - II | 1BR/1.0BA | 1BR,1BA | $1.24 |
| School Drive Apartments | One Bedroom | 1BR,1BA | $1.31 |
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 ArticleNavigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Ferrum, VA Rentals by Map
See the most popular apartments and homes in Ferrum, VA
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 $895 at 1222-1224 Maple Ave SW.
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 $1,015 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 Ridge View Apartments and starts from $1,150.
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.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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.