
Cheap Homes for Rent in Ferrum, VA from $700 (12 Rentals)
Search the lowest-cost Homes available for rent right now in Ferrum.


74 Halifax Dr

705 4th St

808 D St

1991 Stultz Rd

85 Wilson St
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.

1300 Spruce St

205 Nolens Hill Rd

2646 Willie Craig Rd

2280 Oak Level Rd

50 Trail Dr

78 Halifax Dr
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

How much does it cost to rent a home in Ferrum?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Ferrum 2 Bedroom Homes for Rent | $1,271 | $850 | $1,995 |
| Ferrum 3 Bedroom Homes for Rent | $1,587 | $850 | $2,450 |
| Ferrum 4 Bedroom Homes for Rent | $3,079 | $1,800 | $6,000 |
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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 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Fieldale Apartments | 1 Bedroom | 1BR,1BA | $795 |
| Hill Court Apartments | 1 Bed 1 Bath | 1BR,1BA | $875 |
| Fayette Street Lofts | Flat | 1BR,1BA | $895 |
| Stone Ridge Apartments- Convenient Location | 1BR/1.0BA | 1BR,1BA | $899 |
| Ridge View | 2/1.5 50% AMI | 2BR,1BA | $926 |
Best Value Apartments for Rent in Ferrum, VA and Nearby
As of December 23, 2025 the best value apartment in the Ferrum area is the $0.95 price per square foot House Model at 3120 Stoneridge Rd SW in the in the Southern Hills neighborhood starting from $2,475. The second greatest value Ferrum apartment is the The Cedar Point Model at Cedar Point starting at $1,692 with a $1.25 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 3120 Stoneridge Rd SW | House | 4BR,3BA | $0.95 |
| Cedar Point | The Cedar Point | 3BR,2.5BA | $1.25 |
| Ridge View | 3/2 60% AMI | 3BR,2BA | $1.00 |
| 733 West | 3 Bedroom Classic | 3BR,2BA | $1.28 |
| Blue Ridge Village Apartments | 2/1.5 50% AMI | 2BR,1.5BA | $0.94 |
| Lofts on Church | 2BR/1.0BA | 2BR,1BA | $1.25 |
| The Riverwalk at Salem | 2 Bedroom, 1.5 Bath | 2BR,1.5BA | $1.28 |
| Fieldale Apartments | 1 Bedroom | 1BR,1BA | $0.88 |
| Gardens At Grandin - II | 1BR/1.0BA | 1BR,1BA | $1.14 |
| Fayette Street Lofts | Flat | 1BR,1BA | $1.03 |
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 ArticleThe 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.
Read ArticleQuick Rent Budget Calculator
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Remember the 3 Rules of Real Estate:Location, Location, Location!
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Frequently Asked Questions about Ferrum
What type of rentals are currently available in Ferrum?
There are currently 49 Apartments for Rent in Ferrum, VA with pricing that ranges from $795 to $3,561. There are also 37 Single Family Homes for rent, Condos, and Townhome rentals currently available in Ferrum ranging from $700 to $6,000.
What is the current price range for Rental Homes in Ferrum?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Ferrum ranges from $700 to $6,000 with an average monthly rent of $1,587.
How much are larger Three and Four Bedroom Rentals in Ferrum?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Ferrum range from $1,181 to $3,561, while Three Bedroom Homes, Condos, and Townhomes for rent range from $850 to $2,450. Four Bedroom Single-Family rentals are also available starting from $1,800 and Four Bedroom Apartments start at $1,775.
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

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

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.