
Cheap Apartments for Rent in Roanoke, VA from $400 (147 Rentals)
Search the lowest-cost Apartments available for rent right now in Roanoke.


Ridgeview Apartments

5105 Hildebrand Rd NW

4206 Vermont Ave NW

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Frontier Apartments

809 Jamison Ave SE

802 Rorer Ave SW

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1222-1224 Maple Ave SW

2210 Berkley Ave SW

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Peters Creek Apartments - Tax Credit
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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Stone Ridge Apartments

5661 Hollins Rd NE

809 Ferdinand Ave SW

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The Cove Apartments

4419-4425 Lela Ave NE

2339 Memorial Ave SW

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The Heights at Gateway Park

Mount Pleasant Villas

3135 Glenoak St SE

1802 Patterson Ave SW
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.

19 Highland Ave SW

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West Creek Manor

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426 Walnut Ave SE, Unit D

1016 15th St SE

1818 Rorer Ave SW

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Pebble Creek

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Sterlingwood Apartments

Gardens At Grandin - II

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Brandon Point Apartments

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Bent Creek Apartments and Townhomes
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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Blue Ridge Village

613 Vinton Mill Ct NE

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Honeywood Apartments

2125 Orange Ave NW

3751 Sunrise Ave NW

829 Ferdinand Ave SW

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Countryside Estates

Northridge Village

2716-2718 Edison St NE

Oak Grove Village
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.

Westmont Apartments

WESTWIND APARTMENT HOMES

Windy Hill Key

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Gramercy Row Apartment Residences

The Vista at Orchards

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Hickory Woods

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The Pines of Roanoke

934 Floyd Ave SW

1717-1719 Chapman Ave SW

515 Washington Avenue Southwest, Unit Washington A
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.
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 | $1,001 | $710 | $1,679 |
| Cheap Roanoke 1 Bedroom Apartments | $1,364 | $696 | $2,795 |
| Cheap Roanoke 2 Bedroom Apartments | $1,632 | $895 | $3,485 |
| Cheap Roanoke 3 Bedroom Apartments | $1,930 | $950 | $3,695 |
| Cheap Roanoke 4 Bedroom Apartments | $1,798 | $1,525 | $1,940 |
Browse Top Apartments in Roanoke
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Roanoke, VA Local Guide

- Roanoke Neighborhoods
- Nearby Cities
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- Local Counties
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Cheapest Neighborhoods for Apartments in Roanoke, VA
Pricing Updated: 04/05/2026Current apartment rentals in the Roanoke, VA area range in price from $696 to $3,695 with an overall median price of $1,823. The three Roanoke neighborhoods with the lowest median rent pricing are Morningside at $716, Riverdale at $716, and Gainsboro at $716. 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 |
|---|---|---|---|
| Morningside | $1,399 | $716 | 30 |
| Riverdale | $1,447 | $716 | 25 |
| Gainsboro | $1,525 | $716 | 48 |
| Mill Mountain | $1,525 | $895 | 21 |
| River Land | $1,525 | $716 | 32 |
| Walnut Hill | $1,525 | $716 | 37 |
| Downtown Roanoke City | $1,545 | $1,023 | 4 |
| Airport | $1,625 | $710 | 49 |
| Grandin Court | $1,679 | $778 | 41 |
| Cave Spring | $1,684 | $778 | 71 |
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. 1222-1224 Maple Ave SW in the Gilmer neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $895. 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 | $710 |
| 1222-1224 Maple Ave SW | 1 Bed 1 Bath | 1BR,1BA | $895 |
| Peters Creek Apartments - Tax Credit | 2BR/2BA | 2BR,2BA | $926 |
| Cedarwood Apartments | 1BR/1.0BA | 1BR,1BA | $935 |
| Stone Ridge Apartments | 1BR/1.0BA | 1BR,1BA | $945 |
| 4419-4425 Lela Ave NE | 1 Bed 1 Bath | 1BR,1BA | $975 |
| Frontier Apartments | 2BR 1BA Upgraded | 2BR,1BA | $985 |
| The Heights at Gateway Park | 1 Bedroom Third Floor | 1BR,1BA | $999 |
| North View Apartments | Classic plus | 1BR,1BA | $999 |
| Mount Pleasant Villas | 1x1 | 1BR,1BA | $999 |
Best Value Apartments for Rent in Roanoke, VA
As of April 05, 2026 the best value apartment in the Roanoke area is the $1.14 price per square foot 1841 Oxford Ave SW Model at 1841 Oxford Ave SW, Unit 2 Bd 1 Ba Eco Apartment in the in the Gilmer neighborhood starting from $1,825. The second greatest value Roanoke apartment is the 1609 Chapman Ave SW Model at 1609 Chapman Ave SW, Unit B starting at $1,525 with a $1.09 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. |
|---|---|---|---|
| 1841 Oxford Ave SW, Unit 2 Bd 1 Ba Eco Apartment | 1841 Oxford Ave SW | 2BR,1BA | $1.14 |
| 1609 Chapman Ave SW, Unit B | 1609 Chapman Ave SW | 4BR,1BA | $1.09 |
| The Aspen | 2 Bedroom | 2BR,2BA | $1.26 |
| Blue Ridge Village | 2/1.5 50% AMI | 2BR,1.5BA | $1.05 |
| 1801 Grandin Road Southwest | 1801 Grandin Road Southwest - 1809... | 2BR,1.5BA | $1.14 |
| Oak Grove Village | Bulk market rent | 2BR,1.5BA | $1.16 |
| Gardens At Grandin - II | 2BR/1.0BA | 2BR,1BA | $1.07 |
| Countryside Estates | 2 Bedroom x 1 Bathroom Classic Floor Plan | 2BR,1BA | $1.15 |
| Peters Creek Apartments - Tax Credit | 2BR/2BA | 2BR,2BA | $0.93 |
| The Riverwalk at Salem | 2 Bedroom, 1.5 Bath | 2BR,1.5BA | $1.28 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon'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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
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Read ArticleCash 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.
Read ArticleQuick 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.
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
Mount Pleasant Elementary School
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 $999.
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 $1,823.
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 113 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 $270 which is $1,553 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

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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.

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.

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.