Cheap Apartments for Rent in the Fallon Neighborhood of Roanoke, VA from $400 (44 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Fallon area of Roanoke.

property at 2502 Liberty Rd NW

$815

Total Monthly Price

Total Monthly Price

Base Rent
$815

Total Monthly Price
$815

1 Bedroom Rentals

Available Now

2502 Liberty Rd NW

RoanokeVA24012
property at 1912 Wayne St NE

$850

Total Monthly Price

Total Monthly Price

Base Rent
$850

Total Monthly Price
$850

1 Bedroom, 1 Bath Home for Rent

Available Jul 24

1912 Wayne St NE

RoanokeVA24012
property at 611 Stewart Ave SE

$850 - $910

Total Monthly Price

Total Monthly Price

Base Rent
$850

Total Monthly Price
$850

1 To 2 Bedroom Rentals

Available Now

611 Stewart Ave SE

RoanokeVA24013
property at 1626 Redwood Rd SE

$875

Total Monthly Price

Total Monthly Price

Base Rent
$875

Total Monthly Price
$875

2 Bedroom, 1 Bath Home for Rent

Available Aug 5

1626 Redwood Rd SE

RoanokeVA24014
property at 809 Jamison Ave SE

$895

Total Monthly Price

Total Monthly Price

Base Rent
$895

Total Monthly Price
$895

2 Bedroom, 1 Bath Home for Rent

Available Now

809 Jamison Ave SE

RoanokeVA24013
property at 611 Dale Ave SE

$925

Total Monthly Price

Total Monthly Price

Base Rent
$925

Total Monthly Price
$925

2 Bedroom, 1 Bath Home for Rent

Available Aug 28

611 Dale Ave SE

RoanokeVA24013

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.

property at 445 Riverland Rd SE

$925

Total Monthly Price

Total Monthly Price

Base Rent
$925

Total Monthly Price
$925

1 Bedroom, 1 Bath Home for Rent

Available Now

445 Riverland Rd SE

RoanokeVA24014
property at 103 Wildhurst Ave NE

$975

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$975

Total Monthly Price
$975

1 Bedroom, 1 Bath Home for Rent

Available Now

103 Wildhurst Ave NE

RoanokeVA24012
property at 1016 15th St SE

$995

Total Monthly Price

Total Monthly Price

Base Rent
$995

Total Monthly Price
$995

3 Bedroom, 1.5 Bath Home for Rent

Available Now

1016 15th St SE

RoanokeVA24013
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Mount Pleasant Villas
Rent Specials
$999 - $1,350
Total Monthly Price

Total Monthly Price

Base Rent
$999 - $1,350

Total Monthly Price
$999 - $1,350
1 to 2 Bedroom Apartments Available Now

Mount Pleasant Villas

1726 Rutrough Rd SERoanoke, VA 24014
Affordability
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Liberty Pines
1 Bedroom Apartments

Liberty Pines

2502 Liberty AveRoanoke, VA 24012
  • Utilities Included
property at 110 Campbell Ave SE

$595 - $1,600

Total Monthly Price

Total Monthly Price

Base Rent
$595

Total Monthly Price
$595

Studio To 2 Bedroom Rentals

Available Now

110 Campbell Ave SE

RoanokeVA24011

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.

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Heritage Hall
1 to 2 Bedroom Apartments

Heritage Hall

379 Highland Ave SWRoanoke, VA 24016
  • Utilities Included
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Tinker Creek Manor
2 to 4 Bedroom Apartments

Tinker Creek Manor

2050 Tinker Creek DrRoanoke, VA 24012
  • Utilities Included
property at 202 Elm Ave

$775

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$775

Total Monthly Price
$775

1 Bedroom, 1 Bath Home for Rent

Available Now

202 Elm Ave

RoanokeVA24016
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2001 Lynn Ave
1 to 2 Bedroom Apartments

2001 Lynn Ave

2001 Lynn Ave SWRoanoke, VA 24014
  • Utilities Included
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The Patrick Henry
Studio to 2 Bedroom Apartments

The Patrick Henry

611 S Jefferson StRoanoke, VA 24011
Corporate Housing
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Cotton Mill Lofts
1 to 2 Bedroom Apartments

Cotton Mill Lofts

505 6th St SWRoanoke, VA 24016
Corporate Housing
property at 1020 Jamison Ave SE

$875 - $1,000

Total Monthly Price

Total Monthly Price

Base Rent
$875

Total Monthly Price
$875

2 Bedroom Rentals

Available Now

1020 Jamison Ave SE

RoanokeVA24013
property at 1138 Highland Ave SE

$895

Total Monthly Price

Total Monthly Price

Base Rent
$895

Total Monthly Price
$895

1 Bedroom, 1 Bath Home for Rent

Available Now

1138 Highland Ave SE

RoanokeVA24013

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.

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Bowman Park Townhomes
2 Bedroom Apartments

Bowman Park Townhomes

2801 Meadows St NWRoanoke, VA 24012
  • Utilities Included
property at 922 12th St SE

$899

Total Monthly Price

Total Monthly Price

Base Rent
$899

Total Monthly Price
$899

2 Bedroom, 1 Bath Home for Rent

Available Now

922 12th St SE

RoanokeVA24013
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2114 Carvin St NE
2 Bedroom Apartments

2114 Carvin St NE

2114 Carvin St NERoanoke, VA 24012
  • Utilities Included
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The Hancock Building
1 to 2 Bedroom Apartments

The Hancock Building

35 Campbell Ave SWRoanoke, VA 24011
  • Utilities Included
property at 2516 Oakland Blvd NW

$950

Total Monthly Price

Total Monthly Price

Base Rent
$950

Total Monthly Price
$950

1 Bedroom, 1 Bath Home for Rent

Available Now

2516 Oakland Blvd NW

RoanokeVA24012
property at 420 Albemarle Ave SW

$950

Total Monthly Price

Total Monthly Price

Base Rent
$950

Total Monthly Price
$950

2 Bedroom, 1 Bath Home for Rent

Available Now

420 Albemarle Ave SW

RoanokeVA24016

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.

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115 Elm Ave SW
1 to 2 Bedroom Apartments

115 Elm Ave SW

115 Elm Ave SWRoanoke, VA 24016
  • Utilities Included
property at 1415 15th St NE

$995

Total Monthly Price

Total Monthly Price

Base Rent
$995

Total Monthly Price
$995

1 Bedroom, 1 Bath Home for Rent

Available Now

1415 15th St NE

RoanokeVA24012
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Ellsworth Place
1 to 2 Bedroom Apartments

Ellsworth Place

3111 Ellsworth StRoanoke, VA 24012
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The Jefferson
1 to 2 Bedroom Apartments

The Jefferson

2201 Jefferson St SWRoanoke, VA 24014
property at 321 9th St

$816

Total Monthly Price

Total Monthly Price

Base Rent
$816

Total Monthly Price
$816

1 Bedroom, 1 Bath Home for Rent

Available Jul 27

321 9th St

VintonVA24179
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902 Cottage Ave
2 Bedroom Apartments

902 Cottage Ave

902 Cottage AveVinton, VA 24179
  • Utilities Included
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125 W Virginia Ave
1 to 2 Bedroom Apartments

125 W Virginia Ave

125 W Virginia AveVinton, VA 24179

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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Roland E. Cook Lofts
Studio to 2 Bedroom Apartments

Roland E. Cook Lofts

412 S Poplar StVinton, VA 24179
  • Utilities Included
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Starrview Homes
2 to 3 Bedroom Apartments

Starrview Homes

716 Dale AveVinton, VA 24179
  • Utilities Included
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Dogwood Manor
2 Bedroom Apartments

Dogwood Manor

951 E Cleveland AveVinton, VA 24179
  • Utilities Included
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Niagara Townhouses
2 Bedroom Apartments

Niagara Townhouses

938-984 Niagara RdVinton, VA 24179
  • Utilities Included

Fallon, Roanoke, VA Local Guide

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 ListingModel NameBed/BathPriced From
1222-1224 Maple Ave SW1 Bed 1 Bath1BR,1BA$895
Mount Pleasant Villas1x11BR,1BA$999
The Heights at Gateway Park1 Bedroom Third Floor1BR,1BA$1,099
The Aurora - Residential1BR/1.0BA1BR,1BA$1,125
701 3rd Street1x11BR,1BA$1,149
Ellsworth Place2x12BR,1BA$1,199
Gramercy Row Apartment Residences1 Bedroom 1 Bath 1241BR,1BA$1,225
Flats at Glade Creek2X12BR,1BA$1,257
Glade Creek (I)Renovated Two Bedroom Two Bathroom2BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Glade Creek (I)Renovated Three Bedroom3BR,2BA$1.33
Hickory WoodsRenovated Two Bedroom Two Bathroom2BR,2BA$1.73
Flats at Glade Creek2X12BR,1BA$1.48
The Aurora - Residential1BR/1.0BA1BR,1BA$1.44
Ellsworth Place2x12BR,1BA$1.65
East Pointe Luxury Apartments1BR/1BA1BR,1BA$2.15
The Heights at Gateway Park1 Bedroom First Floor1BR,1BA$1.58
Gramercy Row Apartment Residences1 Bedroom 1 Bath 1241BR,1BA$1.78
Mount Pleasant Villas1x11BR,1BA$1.98
1222-1224 Maple Ave SW1 Bed 1 Bath1BR,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.

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Real 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.

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Quick 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.

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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

decorative image for Rent According to Income: A Look at Income-Restricted Rentals   article

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.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

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.

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention   article

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.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

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.