
Cheap Apartments for Rent in the Fallon Neighborhood of Roanoke, VA from $400 (47 Rentals)
Search the lowest-cost Apartments available for rent right now in the Fallon area of Roanoke.


611 Stewart Ave SE

Total Monthly Price
1222-1224 Maple Ave SW

809 Jamison Ave SE

19 Highland Ave SW

The Aurora - Residential

1912 Wayne St NE

Total Monthly Price
The Heights at Gateway Park

Mount Pleasant Villas
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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.

Total Monthly Price
426 Walnut Ave SE, Unit D, Unit D

1016 15th St SE

216 Patton Ave NW

Liberty Pines

Abbingdon of Old Southwest

Heritage Hall

202 Elm Ave

Tinker Creek Manor

2001 Lynn Ave
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 Patrick Henry

Cotton Mill Lofts

Bowman Park Townhomes

Flats at Thrasher Park

922 12th St SE

2114 Carvin St NE

The Lawson Building East

110 Campbell Ave SE

2803 Burton Ave NW
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

2516 Oakland Blvd NW

The Hancock Building

Ellsworth Place

115 Elm Ave SW

1138 Highland Ave SE

The Jefferson

1612 Campbell Ave SE

3rd,SW,1401

301 Gilmer Ave
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

113 Norfolk Ave SW

1415 15th St NE

321 9th St

Flats at Glade Creek

902 Cottage Ave

Mansard Square Apartments

125 W Virginia Ave

Roland E. Cook Lofts

Starrview Homes
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Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

Dogwood Manor

Niagara Townhouses
Fallon, Roanoke, VA Local Guide

How much does it cost to rent an apartment in Fallon?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Fallon Studio Apartments | $935 | $935 | $935 |
| Fallon 1 Bedroom Apartments | $1,415 | $696 | $2,890 |
| Fallon 2 Bedroom Apartments | $1,905 | $895 | $3,660 |
| Fallon 3 Bedroom Apartments | $2,205 | $1,095 | $3,635 |
Browse Apartments in this Neighborhood
There are currently 47 rentals with your search options within a 2 mile radius of the Fallon Neighborhood of Roanoke, VA.
See all Apartments in RoanokeExplore Roanoke
Fallon, Roanoke, VA Local Guide
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Cheapest Available Fallon Apartments for Rent
 The cheapest available apartment rental in the Fallon area of Roanoke, VA is a 1 Bed unit found at 1222-1224 Maple Ave SW priced from $895. The Aurora - Residential has the second lowest priced unit, which is a Studio apartment currently listed from $935. Here are the most affordable Fallon apartments for rent in Roanoke, VA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 1222-1224 Maple Ave SW | 1 Bed 1 Bath | 1BR,1BA | $895 |
| The Aurora - Residential | 0BR/1.0BA | Studio,1BA | $935 |
| The Heights at Gateway Park | 1 Bedroom Third Floor | 1BR,1BA | $999 |
| Mount Pleasant Villas | 1x1 | 1BR,1BA | $999 |
| 3rd,SW,1401 | 1BR/1.0BA | 1BR,1BA | $1,025 |
| Ellsworth Place | 2x1 | 2BR,1BA | $1,175 |
| 701 3rd Street | 2x1 | 2BR,1BA | $1,249 |
| Hickory Woods | Renovated One Bedroom | 1BR,1BA | $1,335 |
| Gramercy Row Apartment Residences | 1 Bedroom 1 Bath 101 | 1BR,1BA | $1,460 |
Best Value Apartments for Rent in Fallon, VA
As of April 24, 2026 the best value apartment in the Fallon area is the $1.41 price per square foot Renovated Two Bedroom Two Bathroom Model at Glade Creek (I) in the in the Monterey neighborhood starting from $1,665. The second greatest value Fallon apartment is the Skydale Model at District Vue starting at $1,697 with a $1.69 price per square foot in the Monterey neighborhood. Here is today’s list of the best values for Fallon apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Glade Creek (I) | Renovated Two Bedroom Two Bathroom | 2BR,2BA | $1.41 |
| District Vue | Skydale | 2BR,2BA | $1.69 |
| The Heights at Gateway Park | 2 Bedroom First Floor Interior | 2BR,2BA | $1.55 |
| 426 Walnut Ave SE, Unit D | 426 Walnut Ave SE | 2BR,1BA | $1.40 |
| Ellsworth Place | 2x1 | 2BR,1BA | $1.62 |
| East Pointe Luxury Apartments | 1BR/1BA | 1BR,1BA | $2.15 |
| Hickory Woods | Renovated One Bedroom | 1BR,1BA | $1.94 |
| 3rd,SW,1401 | 1BR/1.0BA | 1BR,1BA | $1.69 |
| Mount Pleasant Villas | 1X1 Deluxe | 1BR,1BA | $2.23 |
| 1222-1224 Maple Ave SW | 1 Bed 1 Bath | 1BR,1BA | $1.79 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon't Settle: How to Negotiate Your Apartment Lease and Save Money
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Read ArticleCash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
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Read ArticleQuick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Lifestyle Ratings
ApartmentHomeLiving.com is happy to bring you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals in cities across the United States including Fallon, Roanoke, and the greater Roanoke area. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including our Star Ratings to compare for easy access to the parks, luxury amenities, pet-friendly features, features that make it easier to raise kids, proximity to transit, and how walkable or bikeable each community and area is. Find Lifestyle Search in the filter options (above). Happy Searching!
Frequently Asked Questions about Cheap Fallon Apartments
How much is rent for a Cheap One Bedroom Fallon Apartment?
The lowest price for a Cheap One Bedroom Fallon Apartment is $895 at 1222-1224 Maple Ave SW.
What is the lowest price for a Cheap Two Bedroom Fallon Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Fallon is starting from $1,175 at Ellsworth Place.
What is the most affordable Fallon Three Bedroom Apartment?
The best deal on a cheap Fallon Three Bedroom Apartment rental is at Glade Creek (I) and starts from $1,800.
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

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.

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.