Cheap Apartments for Rent in Roanoke, IN from $620 (43 Rentals)

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

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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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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The Elex
$1,002 - $3,066
Total Monthly Price

Total Monthly Price

Base Rent
$1,002 - $3,066
Total Monthly Price
$1,002 - $3,066
1 to 3 Bedroom Apartments Available Now

The Elex

877 Lavina StFort Wayne, IN 46802
Pet Friendly
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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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Woodhaven Oaks
1 to 3 Bedroom Apartments

Woodhaven Oaks

2008 Woodhaven DrFort Wayne, IN 46819
Corporate Housing

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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Jefferson Place Villas
1 to 2 Bedroom Apartments

Jefferson Place Villas

720 Countryside DrOssian, IN 46777
  • Utilities Included

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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Showing Results 1-43, Page 1 of 1

Roanoke, IN Local Guide

Cheapest Neighborhoods for Apartments in Roanoke, IN

Pricing Updated: 08/30/2026

Current apartment rentals in the Roanoke, IN area range in price from $1,191 to $2,916 with an overall median price of $1,484. Here is today’s list neighborhoods with the lowest median pricing for Roanoke Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Azbury Park$1,484$1,19115

Cheapest Available Roanoke Apartments for Rent and Nearby

 

The cheapest available apartment rental in Roanoke, IN is a 1 Bed unit found at Villa Capri Apartments in the Continential Park neighborhood priced from $620. Waynedale Village Apartments in the Southwest Fort Wayne neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $689. Here is today’s list of the most affordable Roanoke apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Villa Capri ApartmentsPrato1BR,1BA$620
Waynedale Village ApartmentsStudioStudio,1BA$689
UB LoftsStudioStudio,1BA$750
Poplar Ridge ApartmentsStudio UpgradeStudio,1BA$769
Colony Bay Apartments,LLC1 BR 1 BA Apartment1BR,1BA$770
Black Pine Flats1 bedroom classic 5041BR,1BA$799
Willow Creek CrossingThe Pullman1BR,1BA$820
The Cottages at Bridgewater (Senior 55+)1 Bedroom1BR,1BA$895
Coral Club Apartments2X2 Up Upgrade2BR,2BA$939
Coventry Court TownhomesCCT 2 BR/1 BA Townhome2BR,1BA$949

Best Value Apartments for Rent in Roanoke, IN and Nearby

As of August 30, 2026 the best value apartment in the Roanoke area is the $0.97 price per square foot Townhome Model at Anam Villas in the in the Southwest Fort Wayne neighborhood starting from $1,995. The second greatest value Roanoke apartment is the CLA 3BR/2.5BA Townhome Model at Coventry Court Townhomes starting at $1,379 with a $0.84 price per square foot in the Southwest Fort Wayne neighborhood. Here is today’s list of the best values for Roanoke apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Anam VillasTownhome3BR,2.5BA$0.97
Coventry Court TownhomesCLA 3BR/2.5BA Townhome3BR,2.5BA$0.84
Homestead Townhomes3 Bedroom3BR,2.5BA$1.20
Foster Park Apartments2 Bed Classic2BR,1.5BA$1.05
Fairview Court Apartments2x1.5 Down Reno2BR,1.5BA$1.19
Autumn Creek Apartment Homes2B2B-HYB2BR,2BA$1.10
South Bridge ApartmentsTwo Bedroom Two Bath Full-Size Washer/Dryer2BR,2BA$1.30
Colony Bay Apartments,LLC1 bedroom2BR,2BA$1.21
Villa Capri ApartmentsPrato1BR,1BA$0.86
Willow Creek CrossingThe Pullman1BR,1BA$1.21

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 Cheap Roanoke Apartments

What is the Cheapest Studio apartment in Roanoke?

Currently the most affordable Cheap Studio Apartment in Roanoke is at Waynedale Village Apartments listed at $689.

How much is rent for a Cheap One Bedroom Roanoke Apartment?

The lowest price for a Cheap One Bedroom Roanoke Apartment is $620 at Villa Capri Apartments.

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

Today's best deal for a Cheap Two Bedroom Apartment in Roanoke is starting from $739 at Villa Capri Apartments.

What is the most affordable Roanoke Three Bedroom Apartment?

The best deal on a cheap Roanoke Three Bedroom Apartment rental is at Villa Capri Apartments and starts from $946.

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.

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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.