
Cheap Apartments for Rent in the Downtown Roanoke City Neighborhood of Roanoke, VA from $625 (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
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.

805 3rd St

370 Highland Ave SW

Elm Estates

403 Salem LLC

The Auction House

Mountain Avenue Apartments
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.

The Hancock Building

Mountain Manor

One Elm Place

The Crossings

Big Lick Junction

204 Jefferson
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.
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 | $990 | $990 | $990 |
| Downtown Roanoke City 1 Bedroom Apartments | $1,251 | $995 | $1,510 |
| Downtown Roanoke City 2 Bedroom Apartments | $1,853 | $1,500 | $2,495 |
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 $990. The Aurora - Residential has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,075. 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 | $990 |
| The Aurora - Residential | 1BR/1.0BA | 1BR,1BA | $1,075 |
| 701 3rd Street | 1x1 | 1BR,1BA | $1,149 |
Best Value Apartments for Rent in Downtown Roanoke City, VA
As of August 27, 2026 the best value apartment in the Downtown Roanoke City area is the $1.60 price per square foot 2BR/1.0BA Model at The Aurora - Residential in the in the Gilmer neighborhood starting from $1,500. The second greatest value Downtown Roanoke City apartment is the Studio Loft Model at 631 Campbell Ave LLC - Residential starting at $990 with a $2.08 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. |
|---|---|---|---|
| The Aurora - Residential | 2BR/1.0BA | 2BR,1BA | $1.60 |
| 631 Campbell Ave LLC - Residential | Studio Loft | Studio ,1BA | $2.08 |
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 $995 at 631 Campbell Ave LLC - 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

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.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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.