Cheap Homes for Rent in Hot Springs, VA from $300 (5 Rentals)

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

property at 8188 Lee Hwy

$325

Total Monthly Price

Total Monthly Price

Base Rent
$325

Total Monthly Price
$325

Studio, 1 Bath Condo for Rent

Available Now

8188 Lee Hwy

TroutvilleVA24175
property at 2803 Burton Ave NW

$949

Total Monthly Price

Total Monthly Price

Base Rent
$949

Total Monthly Price
$949

2 Bedroom, 1 Bath Home for Rent

Available Now

2803 Burton Ave 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.

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
property at 2811 Meadows St NW

$1,075

Total Monthly Price

Total Monthly Price

Base Rent
$1,075

Total Monthly Price
$1,075

2 Bedroom, 1 Bath Townhome for Rent

Available Now

2811 Meadows St NW

RoanokeVA24012

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 12 Miller St

$1,100

Total Monthly Price8 Month Lease Term

Total Monthly Price

Base Rent
$1,100

Total Monthly Price
$1,100

2 Bedroom, 1 Bath Home for Rent

Available Now

12 Miller St

StauntonVA24401

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

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

As of May 20, 2026 the best value apartment in the Hot Springs area is the $1.42 price per square foot 3 BR Type 1 Model at The Overlook at Daleville in the in the Cloverdale neighborhood starting from $2,075. The second greatest value Hot Springs apartment is the 2BR Model at North Point starting at $1,549 with a $1.40 price per square foot in the Peachtree Norwood 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.
The Overlook at Daleville3 BR Type 13BR,2BA$1.42
North Point2BR2BR,2BA$1.40
Montague Terrace2 BDRM/2 Bath2BR,2BA$1.08
The Crest ApartmentsThree Bedroom Two Bathroom3BR,2BA$1.30
Countryside Estates2 Bedroom x 1 Bathroom Classic Floor Plan2BR,1BA$1.15
Middlebrook Trace2 Bed2BR,1.5BA$0.99
Peters Creek Apartments - Tax Credit2BR/2BA2BR,2BA$0.93
Mountain Ridge Apartments2x12BR,1BA$1.22
Craigmont Manor1 Bedroom1BR,1BA$1.16
Hillcrest Manor Apartments1br1BR,1BA$1.08

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

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Frequently Asked Questions about Hot Springs

What type of rentals are currently available in Hot Springs?

There are currently 47 Apartments for Rent in Hot Springs, VA with pricing that ranges from $700 to $3,790. There are also 32 Single Family Homes for rent, Condos, and Townhome rentals currently available in Hot Springs ranging from $325 to $4,500.

What is the current price range for Rental Homes in Hot Springs?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Hot Springs ranges from $325 to $4,500 with an average monthly rent of $1,486.

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

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts  article

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.