Cheap Apartments for Rent near Hot Springs, VA from $690 (43 Rentals)

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

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Frontier Apartments
$799 - $1,499
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$799 - $1,499

Total Monthly Price
$799 - $1,499
1 to 2 Bedroom Apartments Available Sep 15

Frontier Apartments

4302-4410 Plantation Rd NERoanoke, VA 24012
Pet Friendly
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  • Customer Reviewed
  • 3D Tour
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The Cove Apartments
$916 - $1,130
Total Monthly Price

Total Monthly Price

Base Rent
$916 - $1,130

Total Monthly Price
$916 - $1,130
2 to 3 Bedroom Apartments Available Sep 10

The Cove Apartments

3816 Panorama Ave NWRoanoke, VA 24017
Corporate Housing
  • Verified
  • Customer Reviewed
  • 3D Tour

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.

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Middlebrook Trace
$1,015 - $1,120
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,015 - $1,120

Total Monthly Price
$1,015 - $1,120
2 to 3 Bedroom Apartments Available Now

Middlebrook Trace

601 Moore StStaunton, VA 24401
Cost Per Sq.Ft.
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  • Utilities Included
  • Low Income
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Northridge Village
$1,217 - $1,695
Total Monthly Price

Total Monthly Price

Base Rent
$1,217 - $1,695

Total Monthly Price
Varies
2 to 3 Bedroom Apartments Available Sep 16

Northridge Village

5204 Lancelot LnRoanoke, VA 24019
Corporate Housing
  • Verified
  • Customer Reviewed
  • 3D Tour
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The Crest Apartments
$1,245 - $3,915
Total Monthly Price

Total Monthly Price

Base Rent
$1,245 - $3,915

Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Now

The Crest Apartments

128 Rutledge DrSalem, VA 24153
Corporate Housing
  • Verified
  • Customer Reviewed
  • Utilities Included

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.

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Lexington Springs Apartments
$1,265 - $1,365
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,250 - $1,350
Required Monthly Fees
$15

Total Monthly Price
$1,265 - $1,365
1 to 3 Bedroom Apartments Available Nov 10

Lexington Springs Apartments

95 Willow Springs RdLexington, VA 24450
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  • Customer Reviewed
  • Utilities Included
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Hillcrest
Rent Specials
$1,265 - $1,395
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,265 - $1,395

Total Monthly Price
$1,265 - $1,395
1 to 2 Bedroom Apartments Available Now

Hillcrest

2200 Orange StStaunton, VA 24401
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Countryside Estates
$1,276 - $1,457
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,276 - $1,457

Total Monthly Price
Varies
2 to 3 Bedroom Apartments Available Now

Countryside Estates

2318 Highland Farm Rd NWRoanoke, VA 24017
Affordability
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  • Customer Reviewed
  • 3D Tour

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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Heintz House
1 Bedroom Apartments

Heintz House

83 Health Center DrUnion, WV 24983
  • Utilities Included
property at 123 Circle Dr

$569 - $575

1 Bedroom Rentals

Available Now

123 Circle Dr

White Sulphur SpringsWV24986
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4306 Williamson Rd NW
2 Bedroom Apartments

4306 Williamson Rd NW

4306 Williamson Rd NWRoanoke, VA 24012
  • Utilities Included
property at 2818 Burton Ave NW

$900

Total Monthly Price

Total Monthly Price

Base Rent
$900

Total Monthly Price
$900

1 Bedroom, 1 Bath Home for Rent

Available Now

2818 Burton Ave NW

RoanokeVA24012
property at 3891 Churchville Ave

$950

Total Monthly Price

Total Monthly Price

Base Rent
$950

Total Monthly Price
$950

1 Bedroom, 1 Bath Condo for Rent

Available Now

3891 Churchville Ave

ChurchvilleVA24421
property at 603 Strand Rd NE

$950

Total Monthly Price

Total Monthly Price

Base Rent
$950

Total Monthly Price
$950

2 Bedroom, 1 Bath Home for Rent

Available Sep 14

603 Strand Rd NE

RoanokeVA24012
property at 2516 Oakland Blvd NW

$950

Total Monthly Price

Total Monthly Price

Base Rent
$950

Total Monthly Price
$950

1 Bedroom, 1 Bath Home for Rent

Available Now

2516 Oakland Blvd NW

RoanokeVA24012

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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4419-4425 Lela Ave NE
1 Bedroom Apartments

4419-4425 Lela Ave NE

4419-4425 Lela Ave NERoanoke, VA 24019
  • Utilities Included
property at 457 Steeles Fort Rd

$1,200

Total Monthly Price

Total Monthly Price

Base Rent
$1,200

Total Monthly Price
$1,200

2 Bedroom, 1 Bath Townhome for Rent

Available Oct 1

457 Steeles Fort Rd

RaphineVA24472
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2407 Bare St.
2 Bedroom Apartments

2407 Bare St.

2407 Bare StStaunton, VA 24401

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.

property at 745 Queen Ave NW

$1,250

Total Monthly Price

Total Monthly Price

Base Rent
$1,250

Total Monthly Price
$1,250

2 Bedroom, 1 Bath Home for Rent

Available Now

745 Queen Ave NW

RoanokeVA24012
property at 216 Dalewood Ave

$1,275

Total Monthly Price

Total Monthly Price

Base Rent
$1,275

Total Monthly Price
$1,275

2 Bedroom, 1.5 Bath Home for Rent

Available Sep 18

216 Dalewood Ave

SalemVA24153
property at 1320 Dudley St NW

$1,300

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,300

Total Monthly Price
$1,300

2 Bedroom, 1 Bath Home for Rent

Available Dec 1

1320 Dudley St NW

RoanokeVA24017

Hot Springs, VA Local Guide

Cheapest Available Hot Springs Apartments for Rent and Nearby

 

The cheapest available apartment rental in Hot Springs, VA is a Studio unit found at Ridgeview Apartments in the Monterey neighborhood priced from $690. Hillcrest Manor Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $700. Here is today’s list of the most affordable Hot Springs apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Ridgeview ApartmentsStudioStudio,1BA$690
Hillcrest Manor Apartments1br1BR,1BA$700
Craigmont Manor1 Bedroom1BR,1BA$815
Montague Terrace2 BDRM/2 Bath2BR,2BA$980
Peters Creek Apartments - Tax Credit2BR/2BA2BR,2BA$990
The Flats at Rutgers1x11BR,1BA$1,014
Blue Ridge Village Apartments2/1.5 40% AMI2BR,1BA$1,015
Middlebrook Trace2 Bed2BR,1BA$1,015
2407 Bare St.2 Bedroom 1 Bath - 767062BR,1BA$1,245
WESTWIND APARTMENT HOMES2-Bedroom Silver without washer and dryer hook-...2BR,1BA$1,249

Best Value Apartments for Rent in Hot Springs, VA and Nearby

As of August 24, 2026 the best value apartment in the Hot Springs area is the $1.15 price per square foot 3 BDRM/2 Bath Model at Montague Terrace in the starting from $1,365. The second greatest value Hot Springs apartment is the 2/1.5 40% AMI Model at Blue Ridge Village Apartments starting at $1,015 with a $0.91 price per square foot in the Gilmer neighborhood. Here is today’s list of the best values for Hot Springs apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Montague Terrace3 BDRM/2 Bath3BR,2BA$1.15
Blue Ridge Village Apartments2/1.5 40% AMI2BR,1.5BA$0.91
North Point2BR2BR,2BA$1.40
Countryside Estates2 Bedroom x 1 Bathroom Classic Floor Plan2BR,1BA$1.22
Fieldstone Place2 Bedroom2BR,2BA$1.44
Middlebrook Trace2 Bed2BR,1.5BA$0.99
Bent Creek Apartments and Townhomes2b 1.5b 1000sq2BR,1.5BA$1.44
Peters Creek Apartments - Tax Credit2BR/2BA2BR,2BA$0.99
Hillcrest Manor Apartments2br2BR,1BA$1.10
Craigmont Manor1 Bedroom1BR,1BA$1.16

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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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 Hot Springs Apartments

What is the Cheapest Studio apartment in Hot Springs?

Currently the most affordable Cheap Studio Apartment in Hot Springs is at Ridgeview Apartments listed at $690.

How much is rent for a Cheap One Bedroom Hot Springs Apartment?

The lowest price for a Cheap One Bedroom Hot Springs Apartment is $700 at Hillcrest Manor Apartments.

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

Today's best deal for a Cheap Two Bedroom Apartment in Hot Springs is starting from $795 at Hillcrest Manor Apartments.

What is the most affordable Hot Springs Three Bedroom Apartment?

The best deal on a cheap Hot Springs Three Bedroom Apartment rental is at Middlebrook Trace and starts from $1,120.

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

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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.

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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.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

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.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.