Cheap Apartments for Rent in the Downtown Roanoke City Neighborhood of Roanoke, VA from $600 (16 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Downtown Roanoke City area of Roanoke.

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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The Auction House
Studio to 2 Bedroom Apartments

The Auction House

327 Campbell Ave SWRoanoke, VA 24016
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The Hancock Building
1 to 2 Bedroom Apartments

The Hancock Building

35 Campbell Ave SWRoanoke, VA 24011
  • 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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Mountain Manor
1 Bedroom Apartments

Mountain Manor

201 Mountain Ave SWRoanoke, VA 24016
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One Elm Place
Studio Apartments

One Elm Place

720-722 1st St SWRoanoke, VA 24016
  • Utilities Included
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The Crossings
1 to 3 Bedroom Apartments

The Crossings

8 N Jefferson StRoanoke, VA 24016
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805 3rd St
1 to 2 Bedroom Apartments

805 3rd St

805 3rd StRoanoke, VA 24016
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Elm Estates
1 to 2 Bedroom Apartments

Elm Estates

378 Elm AveRoanoke, VA 24016

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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Big Lick Junction
1 Bedroom Apartments

Big Lick Junction

302 Campbell Ave SERoanoke, VA 24016
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204 Jefferson
1 Bedroom Apartments

204 Jefferson

204 S Jefferson St SERoanoke, VA 24011

Downtown Roanoke City, Roanoke, VA Local Guide

Cheapest Available Downtown Roanoke City Apartments for Rent

 

The cheapest available apartment rental in the Downtown Roanoke City area of Roanoke, VA is a Studio unit found at The Patrick Henry priced from $854. 701 3rd Street has the second lowest priced unit, which is a 1 Bed apartment currently listed from $950. Here are the most affordable Downtown Roanoke City apartments for rent in Roanoke, VA:

Apartment ListingModel NameBed/BathPriced From
The Patrick HenryS1 - 4Studio,1BA$854
701 3rd Street1 BD 1 BATH1BR,1BA$950
Gramercy Row Apartment Residences1 Bedroom 1 Bath 0011BR,1BA$1,240
Horton LoftsOne bed 1 1/2 bath1BR,1BA$1,875

Best Value Apartments for Rent in Downtown Roanoke City, VA

As of June 27, 2025 the best value apartment in the Downtown Roanoke City area is the $1.13 price per square foot One bed 1 1/2 bath Model at Horton Lofts in the in the Gilmer neighborhood starting from $1,875. The second greatest value Downtown Roanoke City apartment is the 705 Marshall Ave SW Model at 705 Marshall Ave SW, Unit A starting at $1,450 with a $1.21 price per square foot in the Gilmer neighborhood. Here is today’s list of the best values for Downtown Roanoke City apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Horton LoftsOne bed 1 1/2 bath1BR,1.5BA$1.13
705 Marshall Ave SW, Unit A705 Marshall Ave SW2BR,1BA$1.21
24 Church Ave SW, Unit B24 Church Ave SW1BR,1BA$1.51
Gramercy Row Apartment Residences1 Bedroom 1 Bath 0051BR,1BA$2.00
The Patrick HenryS1 - 1Studio ,1BA$2.24

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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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Pet Friendly Lifestyle
Downtown Roanoke City, Roanoke, VA

Ranked #18

Among neighborhoods in Roanoke, VA for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Getting Around the Downtown Roanoke City Neighborhood in Roanoke, VA

Walk Score®

90 / 100

Walker’s Paradise

Daily errands do not require a car

Bike Score®

80 / 100

Very Bikeable

Biking is convenient for most trips

Transit Score®

51 / 100

Good Transit

Many nearby public transportation options

Frequently Asked Questions about Cheap Downtown Roanoke City Apartments

How much is rent for a Cheap One Bedroom Downtown Roanoke City Apartment?

The lowest price for a Cheap One Bedroom Downtown Roanoke City Apartment is $1,030 at The Patrick Henry.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.