202 Elm Ave
RoanokeVA24016
Cheap Homes for Rent in Downtown Roanoke City Neighborhood of Roanoke, VA from $700 (2 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Roanoke City area of Roanoke.
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.
110 Campbell Ave SE
RoanokeVA24011
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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Downtown Roanoke City, Roanoke, VA Local Guide
How much does it cost to rent a home in Downtown Roanoke City?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Roanoke City 2 Bedroom Homes for Rent | $1,295 | $1,295 | $1,295 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Homes for Rent in this Neighborhood
There are currently 2 rentals with your search options within a 2 mile radius of the Downtown Roanoke City Neighborhood of Roanoke, VA.
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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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Gramercy Row Apartment Residences | 1 Bedroom 1 Bath 101 | 1BR,1BA | $2.42 |
| The Electra | Studio Loft | Studio ,1BA | $2.03 |
Frequently Asked Questions about Downtown Roanoke City
What type of rentals are currently available in Downtown Roanoke City?
There are currently 70 Apartments for Rent in Downtown Roanoke City, VA with pricing that ranges from $935 to $1,655. There are also 3 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Roanoke City ranging from $749 to $1,295.
What is the current price range for Rental Homes in Downtown Roanoke City?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Roanoke City ranges from $749 to $1,295 with an average monthly rent of $1,029.
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
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.
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.