Cheap Apartments for Rent in Roanoke, VA from $400 (83 Rentals)

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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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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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832 Westside
1 to 2 Bedroom Apartments

832 Westside

832 NW Westside BlvdRoanoke, VA 24017
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Darby Villa
1 Bedroom Apartments

Darby Villa

6154 Darby RdRoanoke, VA 24012
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Liberty Pines
1 Bedroom Apartments

Liberty Pines

2502 Liberty AveRoanoke, VA 24012
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Edgehill Estates
Studio to 2 Bedroom Apartments

Edgehill Estates

739 Townside Rd SWRoanoke, VA 24014
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Ashton Heights
1 to 3 Bedroom Apartments

Ashton Heights

3530 Dona Dr NWRoanoke, VA 24017
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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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El Ray Apartments
1 to 2 Bedroom Apartments

El Ray Apartments

2627 Westover Ave SWRoanoke, VA 24015
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Heritage Hall
1 to 2 Bedroom Apartments

Heritage Hall

379 Highland Ave SWRoanoke, VA 24016
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Summertree
1 to 3 Bedroom Apartments

Summertree

3787 Southway Dr SWRoanoke, VA 24014
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Greenbrier West
1 Bedroom Apartments

Greenbrier West

4102-4112 Virginia Ave NWRoanoke, VA 24017
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StoneBrook Apartments
1 to 3 Bedroom Apartments

StoneBrook Apartments

3301 Circle Brook DrRoanoke, VA 24018
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2703 Broad St NW
2 Bedroom Apartments

2703 Broad St NW

2703 Broad St NWRoanoke, VA 24012
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The River House
Studio to 2 Bedroom Apartments

The River House

806 Wasena Ave SWRoanoke, VA 24015
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Tinker Creek Manor
2 to 4 Bedroom Apartments

Tinker Creek Manor

2050 Tinker Creek DrRoanoke, VA 24012
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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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2001 Lynn Ave
1 to 2 Bedroom Apartments

2001 Lynn Ave

2001 Lynn Ave SWRoanoke, VA 24014
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Ferncliff Apartments
1 to 3 Bedroom Apartments

Ferncliff Apartments

3533 Ferncliff Ave NWRoanoke, VA 24017
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Summit at Roanoke
1 to 3 Bedroom Apartments

Summit at Roanoke

4500 Franklin Rd SWRoanoke, VA 24014
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Cotton Mill Lofts
1 to 2 Bedroom Apartments

Cotton Mill Lofts

505 6th St SWRoanoke, VA 24016
Corporate Housing
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4306 Williamson Rd NW
2 Bedroom Apartments

4306 Williamson Rd NW

4306 Williamson Rd NWRoanoke, VA 24012
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The Patrick Henry
Studio to 2 Bedroom Apartments

The Patrick Henry

611 S Jefferson StRoanoke, VA 24011
Corporate Housing

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Roanoke, VA Local Guide

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Cheapest Neighborhoods for Apartments in Roanoke, VA

Pricing Updated: 01/24/2026

Current apartment rentals in the Roanoke, VA area range in price from $671 to $3,890 with an overall median price of $1,809. The three Roanoke neighborhoods with the lowest median rent pricing are Downtown Roanoke City at $725, Gainsboro at $671, and Williamson Road at $671. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Roanoke Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Downtown Roanoke City$1,523$7259
Gainsboro$1,595$67178
Williamson Road$1,595$67145
Hollins Roanoke City$1,625$67156
Belmont$1,630$67167
Riverdale$1,640$67148
Eastgate$1,655$67143
Mecca Gardens$1,655$97537
Wildwood$1,655$67162
Monterey$1,680$71050

Cheapest Available Roanoke Apartments for Rent

 

The cheapest available apartment rental in Roanoke, VA is a Studio unit found at Ridgeview Apartments in the Monterey neighborhood priced from $710. Cedarwood Apartments in the Deyerle neighborhood 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 Roanoke apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Ridgeview ApartmentsStudioStudio,1BA$710
Cedarwood Apartments1BR/1.0BA1BR,1BA$875
1222-1224 Maple Ave SW1 Bed 1 Bath1BR,1BA$895
Peters Creek Apartments - Tax Credit2BR/2BA2BR,2BA$907
3rd,SW,14011BR/1.0BA1BR,1BA$950
Mount Pleasant Villas1x11BR,1BA$999
Sterlingwood Apartments1 Bedroom/1 Bathroom Classic Floor Plan1BR,1BA$1,025
Blue Ridge Village Apartments2/1.5 50% AMI2BR,1BA$1,045
North View ApartmentsClassic plus1BR,1BA$1,049
The View at 777One Bedroom1BR,1BA$1,090

Best Value Apartments for Rent in Roanoke, VA

As of January 24, 2026 the best value apartment in the Roanoke area is the $1.14 price per square foot 1609 Chapman Ave SW Model at 1609 Chapman Ave SW, Unit B in the in the Gilmer neighborhood starting from $1,595. The second greatest value Roanoke apartment is the 2BR/1.0BA Model at Gardens At Grandin - II starting at $1,125 with a $0.96 price per square foot in the Gilmer 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.
1609 Chapman Ave SW, Unit B1609 Chapman Ave SW4BR,1BA$1.14
Gardens At Grandin - II2BR/1.0BA2BR,1BA$0.96
WestWind Apartment Homes2 bedroom2BR,1.5BA$1.10
Blue Ridge Village Apartments2/1.5 50% AMI2BR,1.5BA$0.94
The Aspen2 Bedroom2BR,2BA$1.17
1801 Grandin Road Southwest1801 Grandin Road Southwest - 2008...2BR,1.5BA$1.14
West Creek Manor2 Bedroom2BR,1BA$1.07
Countryside Estates2 Bedroom x 1 Bathroom Classic Floor Plan2BR,1BA$1.15
The Everett2 Bed, 1 Bath B Income-Restricted2BR,1BA$1.14
Peters Creek Apartments - Tax Credit2BR/2BA2BR,2BA$0.91

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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The 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.

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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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How much rent can you afford?

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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Roanoke Overview

Roanoke, VA is a true gem. Residents enjoy the advantages of a modern city, while still being able to enjoy the rich history of Virginia and the breathtaking beauty of the Virginia Mountains.

Why live in Roanoke, VA?

One of the beautiful things about living in Roanoke is that you can live in a metropolitan city without giving up the benefits of living next to the Blue Ridge Mountains. In the heart of downtown, you have access to great restaurants, museums, transportation and nightlife. At the same time, Roanoke places a real value on the surrounding nature the area has to offer giving you access to countless outdoor activities. It is really the best of both worlds.

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Roanoke, VA

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

Explore Roanoke, VA Rentals by Map

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See the most popular apartments and homes in Roanoke, VA

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Frequently Asked Questions about Cheap Roanoke Apartments

What is a cheap apartment in Roanoke?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Roanoke is under $1,090.

What is the price of a cheap apartment in Roanoke?

The cheapest apartment in Roanoke is Ridgeview Apartments which is listed at $760, while the average apartment in Roanoke costs $1,809.

What types of apartments are the cheapest in Roanoke?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 102 regular apartments in Roanoke that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Roanoke?

Cheap apartments in Roanoke have an average cost of $334 which is $1,475 cheaper than the average rent for all rentals in Roanoke.

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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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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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.

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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.