
Cheap Apartments for Rent in Roanoke, VA from $400 (146 Rentals)
Search the lowest-cost Apartments available for rent right now in Roanoke.


813 Westside Blvd NW

802 Westside Blvd NW

5105 Hildebrand Rd NW

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Ridgeview Apartments

1416 Moorman Ave NW, Unit D

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Frontier Apartments

2502 Liberty Rd NW

1732 Hanover Ave NW

1714 Melrose Ave NW
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.

3720 Panorama Ave NW

1506 Gilmer Ave NW

1912 Wayne St NE

2363 Mountain View Terrace SW

611 Stewart Ave SE

1626 Redwood Rd SE

809 Jamison Ave SE

802 Rorer Ave SW

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1222-1224 Maple Ave SW

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2030 Larchwood St NE, Unit 2030 Larchwood St
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 Cove Apartments

2411 Colonial Ave SW

445 Riverland Rd SE

611 Dale Ave SE

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Stone Ridge Apartments

1802 Patterson Ave SW

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2730 Forest Hill Ave NW, Unit 2732 Forest Hill

509 King George Ave SW

631 Campbell Ave LLC - Residential

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Peters Creek Apartments - Tax Credit
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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Gardens At Grandin - II

1016 15th St SE

1520 Sherwood Ave SW

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Mount Pleasant Villas

2011 Denniston Ave SW

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Blue Ridge Village Apartments

1331 Main St SW

621 Elm Ave SE

2317 Memorial Ave SW

379 Walnut Ave SW
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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426 Walnut Ave SE, Unit D

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West Creek Manor

2611-2613 Bowman St NW

2125 Orange Ave NW

934 Floyd Ave SW

1818 Rorer Ave SW

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The Heights at Gateway Park

1415 Chapman Ave SW

715 Marshall Ave SW

440 Mountain Ave SW
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.
Roanoke, VA Local Guide

How much does it cost to rent an apartment in Roanoke?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Roanoke Studio Apartments | $900 | $671 | $1,374 |
| Cheap Roanoke 1 Bedroom Apartments | $1,349 | $671 | $2,965 |
| Cheap Roanoke 2 Bedroom Apartments | $1,575 | $816 | $3,850 |
| Cheap Roanoke 3 Bedroom Apartments | $1,884 | $995 | $3,825 |
| Cheap Roanoke 4 Bedroom Apartments | $1,887 | $1,805 | $1,929 |
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Roanoke, VA Local Guide

- Roanoke Neighborhoods
- Nearby Cities
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Cheapest Neighborhoods for Apartments in Roanoke, VA
Pricing Updated: 07/28/2026Current apartment rentals in the Roanoke, VA area range in price from $671 to $3,850 with an overall median price of $1,854. The three Roanoke neighborhoods with the lowest median rent pricing are Gainsboro at $750, River Land at $750, and Walnut Hill at $750. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Roanoke Apartments for rent:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Gainsboro | $1,357 | $750 | 64 |
| River Land | $1,357 | $750 | 46 |
| Walnut Hill | $1,357 | $750 | 46 |
| Williamson Road | $1,357 | $750 | 53 |
| Mill Mountain | $1,598 | $850 | 33 |
| Airport | $1,645 | $690 | 35 |
| Hollins | $1,660 | $671 | 34 |
| Preston Park | $1,675 | $671 | 38 |
| Cave Spring | $1,683 | $750 | 62 |
| Grandin Court | $1,683 | $850 | 32 |
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 $690. 1624 SW Chapman Ave in the Gilmer neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $799. Here is today’s list of the most affordable Roanoke apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Ridgeview Apartments | Studio | Studio,1BA | $690 |
| 1624 SW Chapman Ave | 1 Beds, 1 Baths | 1BR,1BA | $799 |
| Liberty Pines | 1 Beds, 1 Baths | 1BR,1BA | $815 |
| 120 Avendale Ave NE | 1 Beds, 1 Baths | 1BR,1BA | $855 |
| 1222-1224 Maple Ave SW | 1 Bed 1 Bath | 1BR,1BA | $895 |
| Brandon West | 2 Beds, 1 Baths | 2BR,1BA | $915 |
| The Everett | 1 Bed, 1 Bath B Income-Restricted | 1BR,1BA | $953 |
| Frontier Apartments | 2BR 1BA | 2BR,1BA | $985 |
Best Value Apartments for Rent in Roanoke, VA
As of July 28, 2026 the best value apartment in the Roanoke area is the $1.22 price per square foot 3b 1b 1343sq Model at Bent Creek Apartments and Townhomes in the in the Monterey neighborhood starting from $1,645. The second greatest value Roanoke apartment is the 2/1.5 40% AMI Model at Blue Ridge Village Apartments starting at $1,015 with a $0.91 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Bent Creek Apartments and Townhomes | 3b 1b 1343sq | 3BR,1BA | $1.22 |
| Blue Ridge Village Apartments | 2/1.5 40% AMI | 2BR,1.5BA | $0.91 |
| Bent Tree | 2 BEDROOM | 2BR,1BA | $1.18 |
| Bridgeway Gardens | 2 Beds, 1.5 Baths | 2BR,1.5BA | $0.94 |
| 1801 Grandin Road Southwest | 1801 Grandin Road Southwest - 2016... | 2BR,1.5BA | $1.18 |
| Peters Creek Apartments - Tax Credit | 2BR/2BA | 2BR,2BA | $0.99 |
| Gardens At Grandin - II | 1BR/1.0BA | 1BR,1BA | $1.24 |
| Brandon West | 2 Beds, 1 Baths | 2BR,1BA | $1.28 |
| 120 Avendale Ave NE | 1 Beds, 1 Baths | 1BR,1BA | $1.22 |
| 1624 SW Chapman Ave | 1 Beds, 1 Baths | 1BR,1BA | $1.23 |
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.
Read ArticleReal 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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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.
Best Local Schools in Roanoke, VA
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Roanoke, VA Rentals by Map
See the most popular apartments and homes in Roanoke, VA
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 $985.
What is the price of a cheap apartment in Roanoke?
The cheapest apartment in Roanoke is 1624 SW Chapman Ave which is listed at $799, while the average apartment in Roanoke costs $1,854.
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 10 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 $119 which is $1,735 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

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.

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.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.