Cheap Apartments for Rent in the Fallon Neighborhood of Roanoke, VA from $575 (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

Base Rent$815

Total Monthly Price$815
1 Bedroom, 1 Bath Home for Rent
Available Now
Affordability

2502 Liberty Rd NW

RoanokeVA24012
property at 902 Staunton Ave NW
$825

Total Monthly Price

Base Rent$825

Total Monthly Price$825
2 Bedroom, 1 Bath Home for Rent
Available Sep 30
Affordability

902 Staunton Ave NW

RoanokeVA24016
property at 611 Stewart Ave SE
$850

Total Monthly Price

Base Rent$850

Total Monthly Price$850
1 Bedroom, 1 Bath Home for Rent
Available Now
Affordability

611 Stewart Ave SE

RoanokeVA24013
property at 1912 Wayne St NE
$875 - $950

Total Monthly Price

Base Rent$875

Total Monthly Price$875
1 To 2 Bedroom Rentals
Available Oct 1
Affordability

1912 Wayne St NE

RoanokeVA24012
property at 809 Jamison Ave SE
$895

Total Monthly Price

Base Rent$895

Total Monthly Price$895
2 Bedroom, 1 Bath Home for Rent
Available Now
Affordability

809 Jamison Ave SE

RoanokeVA24013
property at 1629 Redwood Rd SE
$916

Total Monthly Price

Base Rent$916

Total Monthly Price$916
2 Bedroom, 1 Bath Home for Rent
Available Now
Cost Per Sq.Ft.

1629 Redwood Rd SE

RoanokeVA24014
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809 6th St SE, Unit Apt B
$925

Total Monthly Price

Base Rent$925

Total Monthly Price$925
6 Month Lease Term
2 Bedroom Apartment Available Now

809 6th St SE, Unit Apt B

809 6th St SERoanoke, VA 24013
Cost Per Sq.Ft.

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 103 Wildhurst Ave NE
$975

Total Monthly Price

Base Rent$975

Total Monthly Price$975
12 Month Lease Term
1 Bedroom, 1 Bath Home for Rent
Available Now
Affordability

103 Wildhurst Ave NE

RoanokeVA24012
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property at 1016 15th St SE
$995

Total Monthly Price

Base Rent$995

Total Monthly Price$995
3 Bedroom, 1.5 Bath Home for Rent
Available Now
Cost Per Sq.Ft.

1016 15th St SE

RoanokeVA24013
property at 1020 Jamison Ave SE
$1,000

Total Monthly Price

Base Rent$1,000

Total Monthly Price$1,000
2 Bedroom Rentals
Available Now
Affordability

1020 Jamison Ave SE

RoanokeVA24013
property at 110 Campbell Ave SE
$595 - $1,450

Total Monthly Price

Base Rent$595

Total Monthly Price$595
Studio To 2 Bedroom Rentals
Available Now
Affordability

110 Campbell Ave SE

RoanokeVA24011
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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

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.

property at 202 Elm Ave
$775

Total Monthly Price

Base Rent$775

Total Monthly Price$775
1 Bedroom, 1 Bath Home for Rent
Available Now
Affordability

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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Liberty Pines
1 to 2 Bedroom Apartments

Liberty Pines

2502 Liberty AveRoanoke, VA 24012
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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
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Bowman Park Townhomes
2 Bedroom Apartments

Bowman Park Townhomes

2801 Meadows St NWRoanoke, VA 24012
  • Utilities Included

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.

property at 1138 Highland Ave SE
$895

Total Monthly Price

Base Rent$895

Total Monthly Price$895
1 Bedroom, 1 Bath Home for Rent
Available Now
Affordability

1138 Highland Ave SE

RoanokeVA24013
property at 922 12th St SE
$899

Total Monthly Price

Base Rent$899

Total Monthly Price$899
2 Bedroom, 1 Bath Townhome for Rent
Available Now
Affordability

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

Base Rent$950

Total Monthly Price$950
1 Bedroom, 1 Bath Home for Rent
Available Now
Affordability

2516 Oakland Blvd NW

RoanokeVA24012
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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
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The Owl Lofts
1 Bedroom Apartments

The Owl Lofts

120 Luck Ave SWRoanoke, VA 24011

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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403 Salem LLC
1 Bedroom Apartments

403 Salem LLC

403 Salem Ave SWRoanoke, VA 24016
property at 416 Hanover Ave NW
$995

Total Monthly Price

Base Rent$995

Total Monthly Price$995
2 Bedroom, 1 Bath Home for Rent
Available Now
Affordability

416 Hanover Ave NW

RoanokeVA24016
property at 2818 Burton Ave NW
$995

Total Monthly Price

Base Rent$995

Total Monthly Price$995
1 Bedroom, 1 Bath Townhome for Rent
Available Now
Affordability

2818 Burton Ave NW

RoanokeVA24012
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The Jefferson
1 to 2 Bedroom Apartments

The Jefferson

2201 Jefferson St SWRoanoke, VA 24014
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Ellsworth Place
1 to 2 Bedroom Apartments

Ellsworth Place

3111 Ellsworth StRoanoke, VA 24012
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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 Liberty Pines priced from $815. 120 Avendale Ave NE has the second lowest priced unit, which is a 1 Bed apartment currently listed from $850. Here are the most affordable Fallon apartments for rent in Roanoke, VA:

Apartment ListingModel NameBed/BathPriced From
Liberty Pines1 Beds, 1 Baths1BR,1BA$815
120 Avendale Ave NE1 Beds, 1 Baths1BR,1BA$850
1222-1224 Maple Ave SW1 Bed 1 Bath1BR,1BA$895
Mount Pleasant Villas1x11BR,1BA$999
Walnut/3791BR/1.0BA1BR,1BA$1,050
The Aurora - Residential1BR/1.0BA1BR,1BA$1,075
The Heights at Gateway Park1 Bedroom Third Floor1BR,1BA$1,099
701 3rd Street1x11BR,1BA$1,149

Best Value Apartments for Rent in Fallon, VA

As of September 07, 2026 the best value apartment in the Fallon area is the $1.63 price per square foot 2BR/1.5BA Model at 703 Bibb St in the in the Monterey neighborhood starting from $1,550. The second greatest value Fallon apartment is the 809 6th St SE Model at 809 6th St SE, Unit Apt B starting at $925 with a $1.03 price per square foot in the Gilmer 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.
703 Bibb St2BR/1.5BA2BR,1.5BA$1.63
809 6th St SE, Unit Apt B809 6th St SE2BR,1BA$1.03
Flats at Glade Creek2X12BR,1BA$1.48
Gramercy Row Apartment Residences1 Bedroom 1 Bath 1261BR,1BA$1.64
302 Mountain Ave1BR/1.0BA1BR,1BA$1.46
701 3rd Street1x11BR,1BA$1.53
Ellsworth Place2x12BR,1BA$1.65
120 Avendale Ave NE1 Beds, 1 Baths1BR,1BA$1.21
The Heights at Gateway Park1 Bedroom Third Floor1BR,1BA$1.58
Liberty Pines1 Beds, 1 Baths1BR,1BA$1.48

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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Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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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 $815 at Liberty Pines.

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 Flats at Glade Creek and starts from $1,357.

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

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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.

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Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!

Written by: Robin Stewart

Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

decorative image for Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags   article

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

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.