Cheap Apartments for Rent in the Downtown Roanoke City Neighborhood of Roanoke, VA from $600 (18 Rentals)

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

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1014 3rd St SW
1 to 2 Bedroom Apartments

1014 3rd St SW

1014 3rd St SWRoanoke, VA 24016
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111 Highland Ave SW
1 Bedroom Apartments

111 Highland Ave SW

111 Highland Ave SWRoanoke, VA 24016
  • Smoke Free

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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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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
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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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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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The Hancock Building
1 to 2 Bedroom Apartments

The Hancock Building

35 Campbell Ave SWRoanoke, VA 24011
  • Utilities Included
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Mountain Manor
1 to 2 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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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

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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 The Aurora - Residential priced from $935. The Electra has the second lowest priced unit, which is a Studio apartment currently listed from $965. Here are the most affordable Downtown Roanoke City apartments for rent in Roanoke, VA:

Apartment ListingModel NameBed/BathPriced From
The Aurora - Residential0BR/1.0BAStudio,1BA$935
The ElectraStudio LoftStudio,1BA$965
701 3rd Street2x12BR,1BA$1,249
Gramercy Row Apartment Residences1 Bedroom 1 Bath 1011BR,1BA$1,570

Best Value Apartments for Rent in Downtown Roanoke City, VA

As of April 12, 2026 the best value apartment in the Downtown Roanoke City area is the $2.42 price per square foot 1 Bedroom 1 Bath 101 Model at Gramercy Row Apartment Residences in the in the Gilmer neighborhood starting from $1,570. The second greatest value Downtown Roanoke City apartment is the Studio Loft Model at The Electra starting at $965 with a $2.03 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.
Gramercy Row Apartment Residences1 Bedroom 1 Bath 1011BR,1BA$2.42
The ElectraStudio LoftStudio ,1BA$2.03

Frequently Asked Questions about Cheap Downtown Roanoke City Apartments

What is the Cheapest Studio apartment in Downtown Roanoke City?

Currently the most affordable Cheap Studio Apartment in Downtown Roanoke City is at The Aurora - Residential listed at $935.

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 $1,045 at The Aurora - Residential.

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

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

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.

decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

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.