Cheap Apartments for Rent in Roanoke, IN from $600 (45 Rentals)

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

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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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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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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  • 3D Tour
  • Smoke Free

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Woodhaven Oaks
1 to 3 Bedroom Apartments

Woodhaven Oaks

2008 Woodhaven DrFort Wayne, IN 46819
Corporate Housing

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.

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Jefferson Place Villas
1 to 2 Bedroom Apartments

Jefferson Place Villas

720 Countryside DrOssian, IN 46777
  • Utilities Included

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Showing Results 1-45, Page 1 of 1

Roanoke, IN Local Guide

Cheapest Neighborhoods for Apartments in Roanoke, IN

Pricing Updated: 05/29/2026

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

NeighborhoodMedian PriceMin PriceAvailable Units
Azbury Park$2,010$1,1889

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 1 Bed apartment currently listed from $759. 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 ApartmentsOne Bed1BR,1BA$759
Poplar Ridge ApartmentsStudio UpgradeStudio,1BA$769
Colony Bay Apartments,LLC1 BR 1 BA Apartment1BR,1BA$795
Black Pine Flats1 bedroom classic 5041BR,1BA$799
Willow Creek CrossingThe Pullman1BR,1BA$820
UB LoftsOne Bedroom1BR,1BA$870
The Cottages at Bridgewater (Senior 55+)1 Bedroom1BR,1BA$895
Coventry Court TownhomesCCT 2 BR/1 BA Townhome2BR,1BA$949
Autumn Creek Apartment Homes2B1.5B-STD2BR,1BA$959

Best Value Apartments for Rent in Roanoke, IN and Nearby

As of May 29, 2026 the best value apartment in the Roanoke area is the $1.16 price per square foot Townhome Model at Anam Villas in the in the Southwest Fort Wayne neighborhood starting from $2,395. The second greatest value Roanoke apartment is the CLA 3BR/2.5BA Townhome W/Patio Model at Coventry Court Townhomes starting at $1,399 with a $0.90 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$1.16
Coventry Court TownhomesCLA 3BR/2.5BA Townhome W/Patio3BR,2.5BA$0.90
Foster Park Apartments2 Bed Classic2BR,1.5BA$1.05
Fairview Court Apartments2x1.5 Down Classic2BR,1.5BA$1.03
Colony Bay Apartments,LLC1 bedroom2BR,2BA$1.30
Coral Club ApartmentsRenovated 2 Bedroom with Washer + Dryer Availab...2BR,1.5BA$1.37
Autumn Creek Apartment Homes1B1B - UPG1BR,1BA$1.29
Villa Capri ApartmentsPrato1BR,1BA$0.86
UB LoftsOne Bedroom1BR,1BA$1.21
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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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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Frequently Asked Questions about Cheap Roanoke Apartments

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

decorative image for Neighborhood and Market Insights: How to Choose the Right Area to Rent article

Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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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.

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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.

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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.