
Cheap Apartments for Rent in the Fallon Neighborhood of Roanoke, VA from $400 (44 Rentals)
Search the lowest-cost Apartments available for rent right now in the Fallon area of Roanoke.


1912 Wayne St NE

611 Stewart Ave SE

1626 Redwood Rd SE

Total Monthly Price
1222-1224 Maple Ave SW

809 Jamison Ave SE

Total Monthly Price
2030 Larchwood St NE, Unit 2030 Larchwood St

611 Dale Ave SE
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.

445 Riverland Rd SE

509 King George Ave SW

103 Wildhurst Ave NE

1016 15th St SE

Total Monthly Price
Mount Pleasant Villas

Liberty Pines

Abbingdon of Old Southwest

110 Campbell Ave SE
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.

Heritage Hall

Tinker Creek Manor

202 Elm Ave

2001 Lynn Ave

The Patrick Henry

Cotton Mill Lofts

1020 Jamison Ave SE

1138 Highland Ave SE
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.

Bowman Park Townhomes

The Lawson Building East

922 12th St SE

2114 Carvin St NE

The Hancock Building

2516 Oakland Blvd NW

420 Albemarle Ave SW

Flats at Thrasher Park
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.

115 Elm Ave SW

1415 15th St NE

Ellsworth Place

The Jefferson

321 9th St

902 Cottage Ave

Mansard Square Apartments

125 W Virginia 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.

Roland E. Cook Lofts

Starrview Homes

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 1 Bedroom Apartments | $1,389 | $815 | $2,965 |
| Fallon 2 Bedroom Apartments | $1,949 | $875 | $3,850 |
| Fallon 3 Bedroom Apartments | $2,189 | $995 | $3,825 |
Browse Apartments in this Neighborhood
There are currently 44 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. Mount Pleasant Villas has the second lowest priced unit, which is a 1 Bed apartment currently listed from $999. 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 |
| Mount Pleasant Villas | 1x1 | 1BR,1BA | $999 |
| The Heights at Gateway Park | 1 Bedroom Third Floor | 1BR,1BA | $1,099 |
| The Aurora - Residential | 1BR/1.0BA | 1BR,1BA | $1,125 |
| 701 3rd Street | 1x1 | 1BR,1BA | $1,149 |
| Ellsworth Place | 2x1 | 2BR,1BA | $1,199 |
| Gramercy Row Apartment Residences | 1 Bedroom 1 Bath 124 | 1BR,1BA | $1,225 |
| Flats at Glade Creek | 2X1 | 2BR,1BA | $1,257 |
| Glade Creek (I) | Renovated Two Bedroom Two Bathroom | 2BR,2BA | $1,520 |
Best Value Apartments for Rent in Fallon, VA
As of July 23, 2026 the best value apartment in the Fallon area is the $1.33 price per square foot Renovated Three Bedroom Model at Glade Creek (I) in the in the Monterey neighborhood starting from $1,745. The second greatest value Fallon apartment is the Renovated Two Bedroom Two Bathroom Model at Hickory Woods starting at $1,560 with a $1.73 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 Three Bedroom | 3BR,2BA | $1.33 |
| Hickory Woods | Renovated Two Bedroom Two Bathroom | 2BR,2BA | $1.73 |
| Flats at Glade Creek | 2X1 | 2BR,1BA | $1.48 |
| The Aurora - Residential | 1BR/1.0BA | 1BR,1BA | $1.44 |
| Ellsworth Place | 2x1 | 2BR,1BA | $1.65 |
| East Pointe Luxury Apartments | 1BR/1BA | 1BR,1BA | $2.15 |
| The Heights at Gateway Park | 1 Bedroom First Floor | 1BR,1BA | $1.58 |
| Gramercy Row Apartment Residences | 1 Bedroom 1 Bath 124 | 1BR,1BA | $1.78 |
| Mount Pleasant Villas | 1x1 | 1BR,1BA | $1.98 |
| 1222-1224 Maple Ave SW | 1 Bed 1 Bath | 1BR,1BA | $1.79 |
Don't Settle: How to Negotiate Your Apartment Lease and Save Money
Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
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 $1,199 at Mount Pleasant Villas.
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 $1,745.
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.

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.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.