Cheap Apartments for Rent in Roanoke, VA from $400 (84 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.

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
  • Utilities Included

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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Ashton Heights
1 to 3 Bedroom Apartments

Ashton Heights

3530 Dona Dr NWRoanoke, VA 24017
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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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Harrison School
1 Bedroom Apartments

Harrison School

523 Harrison Ave NWRoanoke, VA 24016
Senior Living
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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

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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The River House
Studio to 2 Bedroom Apartments

The River House

806 Wasena Ave SWRoanoke, VA 24015
Corporate Housing
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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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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

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.

Roanoke, VA Local Guide

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Local Guide Expert

Cheapest Neighborhoods for Apartments in Roanoke, VA

Pricing Updated: 12/17/2025

Current apartment rentals in the Roanoke, VA area range in price from $595 to $3,561 with an overall median price of $1,944. The three Roanoke neighborhoods with the lowest median rent pricing are Downtown Roanoke City at $950, Williamson Road at $750, and Airport at $710. 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$1,249$9507
Williamson Road$1,419$75050
Airport$1,524$71071
Hollins$1,524$65072
Gainsboro$1,558$59581
Riverdale$1,570$75037
Belmont$1,683$75064
Hollins Roanoke City$1,705$65066
Eastgate$1,722$75051
Fallon$1,722$75068

Cheapest Available Roanoke Apartments for Rent

 

The cheapest available apartment rental in Roanoke, VA is a 1 Bed unit found at Harrison School in the Gilmer neighborhood priced from $615. Ridgeview Apartments in the Monterey neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $710. Here is today’s list of the most affordable Roanoke apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Harrison SchoolOne Bedroom One Bathroom1BR,1BA$615
Ridgeview ApartmentsStudioStudio,1BA$710
The Everett1 Bed, 1 Bath A Income-Restricted1BR,1BA$849
Cedarwood Apartments1BR/1.0BA1BR,1BA$895
Stone Ridge Apartments- Convenient Location1BR/1.0BA1BR,1BA$899
Peters Creek Apartments - Tax Credit2BR/2BA2BR,2BA$907
3rd,SW,14011BR/1.0BA1BR,1BA$950
WestWind Apartment Homes1 bedroom1BR,1BA$999
Mount Pleasant Villas1x11BR,1BA$999

Best Value Apartments for Rent in Roanoke, VA

As of December 17, 2025 the best value apartment in the Roanoke area is the $0.95 price per square foot House Model at 3120 Stoneridge Rd SW in the in the Southern Hills neighborhood starting from $2,475. The second greatest value Roanoke apartment is the The Cedar Point Model at Cedar Point starting at $1,692 with a $1.25 price per square foot in the Deyerle 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.
3120 Stoneridge Rd SWHouse4BR,3BA$0.95
Cedar PointThe Cedar Point3BR,2.5BA$1.25
The Aspen2 Bedroom2BR,2BA$1.06
Blue Ridge Village Apartments2/1.5 50% AMI2BR,1.5BA$0.94
1801 Grandin Road Southwest1801 Grandin Road Southwest - 18012BR,1.5BA$1.14
Countryside Estates2 Bedroom x 1 Bathroom Classic Floor Plan2BR,1BA$1.15
Peters Creek Apartments - Tax Credit2BR/2BA2BR,2BA$0.91
Gardens At Grandin - II1BR/1.0BA1BR,1BA$1.14
1843 Oxford Ave SW, Unit Grandin Village Room #11843 Oxford Ave SW1BR,1BA$0.97
Harrison SchoolOne Bedroom One Bathroom1BR,1BA$1.05

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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Quick Rent Budget Calculator

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.

Roanoke, VA
Population: 99,920

Ranked #312

in US Census Population by City

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Pet Friendly Lifestyle
Roanoke, VA

Ranked #30

Among cities in Virginia for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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

Explore Roanoke, VA Rentals by Map

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Getting Around Roanoke, VA

Walk Score®

51 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

41 / 100

Somewhat Bikeable

Minimal bike infrastructure

Transit Score®

24 / 100

Minimal Transit

It may be possible to get on a bus

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 $999.

What is the price of a cheap apartment in Roanoke?

The cheapest apartment in Roanoke is Harrison School which is listed at $615, while the average apartment in Roanoke costs $1,944.

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 134 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 $260 which is $1,684 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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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.