
Cheap Apartments for Rent in the Downtown Roanoke City Neighborhood of Roanoke, VA from $600 (18 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Roanoke City area of Roanoke.


1014 3rd St SW

349 Albemarle Ave SW

111 Highland Ave SW

Historic Old SW Quad

Day Ave Historic Properties
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.

805 3rd St

370 Highland Ave SW

Elm Estates

The Auction House

Lofts at West Station 2

Mountain Avenue Apartments
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.

The Hancock Building

Mountain Manor

One Elm Place

The Crossings

Big Lick Junction

204 Jefferson
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.
Downtown Roanoke City, Roanoke, VA Local Guide

How much does it cost to rent an apartment in Downtown Roanoke City?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Roanoke City Studio Apartments | $905 | $895 | $915 |
| Downtown Roanoke City 1 Bedroom Apartments | $1,263 | $1,035 | $1,460 |
| Downtown Roanoke City 2 Bedroom Apartments | $1,283 | $1,150 | $1,435 |
Browse Apartments in this Neighborhood
There are currently 18 rentals with your search options within a 2 mile radius of the Downtown Roanoke City Neighborhood of Roanoke, VA.
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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 631 Campbell Ave LLC - Residential priced from $895. 701 3rd Street has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,249. Here are the most affordable Downtown Roanoke City apartments for rent in Roanoke, VA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 631 Campbell Ave LLC - Residential | Studio Loft | Studio,1BA | $895 |
| 701 3rd Street | 2x1 | 2BR,1BA | $1,249 |
| The Aurora - Residential | 1BR/1.0BA | 1BR,1BA | $1,250 |
Best Value Apartments for Rent in Downtown Roanoke City, VA
As of May 28, 2026 the best value apartment in the Downtown Roanoke City area is the $1.08 price per square foot 705 Marshall Ave SW Model at 705 Marshall Ave SW, Unit Apt B in the in the Gilmer neighborhood starting from $1,300. The second greatest value Downtown Roanoke City apartment is the Studio Loft Model at 631 Campbell Ave LLC - Residential starting at $895 with a $1.88 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 705 Marshall Ave SW, Unit Apt B | 705 Marshall Ave SW | 2BR,1BA | $1.08 |
| 631 Campbell Ave LLC - Residential | Studio Loft | Studio ,1BA | $1.88 |
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 $1,035 at 631 Campbell Ave LLC - Residential.
What is the lowest price for a Cheap Two Bedroom Downtown Roanoke City Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Downtown Roanoke City is starting from $1,249 at 701 3rd Street.
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

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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.