
Cheap Homes for Rent in the Downtown Roanoke City Neighborhood of Roanoke, VA from $500 (3 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Roanoke City area of Roanoke.

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.

202 Elm Ave
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.

420 Albemarle Ave SW
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 | $1,030 | $950 | $1,110 |
Browse Homes for Rent in this Neighborhood
There are currently 3 rentals with your search options within a 2 mile radius of the Downtown Roanoke City Neighborhood of Roanoke, VA.
Explore Roanoke
Best Value Apartments for Rent in Downtown Roanoke City, VA
As of August 03, 2026 the best value apartment in the Downtown Roanoke City area is the $1.70 price per square foot 2BR/1.0BA Model at The Aurora - Residential in the in the Gilmer neighborhood starting from $1,600. 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 | $1.70 |
| 631 Campbell Ave LLC - Residential | Studio Loft | Studio ,1BA | $2.08 |
Frequently Asked Questions about Downtown Roanoke City
What type of rentals are currently available in Downtown Roanoke City?
There are currently 73 Apartments for Rent in Downtown Roanoke City, VA with pricing that ranges from $990 to $2,595. There are also 6 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Roanoke City ranging from $595 to $1,300.
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 $595 to $1,300 with an average monthly rent of $980.
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.

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.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.