
Cheap Apartments for Rent in the Fallon Neighborhood of Roanoke, VA from $400 (18 Rentals)
Search the lowest-cost Apartments available for rent right now in the Fallon area of Roanoke.


809 Jamison Ave SE

Liberty Pines

Abbingdon of Old Southwest

Heritage Hall

Tinker Creek Manor
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.

2001 Lynn Ave

The Patrick Henry

Cotton Mill Lofts

Bowman Park Townhomes

Flats at Thrasher Park

2114 Carvin St NE
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.

The Lawson Building East

902 Cottage Ave

Mansard Square Apartments

125 W Virginia Ave

Roland E. Cook Lofts

Starrview Homes
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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.
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 | $1,459 | $895 | $2,955 |
| Fallon 2 Bedroom Apartments | $1,985 | $1,099 | $3,410 |
| Fallon 3 Bedroom Apartments | $2,213 | $1,249 | $3,890 |
Browse Apartments in this Neighborhood
There are currently 18 rentals with your search options within a 2 mile radius of the Fallon Neighborhood of Roanoke, VA.
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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 Heights at Gateway Park 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 |
| The Heights at Gateway Park | 1 Bedroom Third Floor | 1BR,1BA | $999 |
| Mount Pleasant Villas | 1x1 | 1BR,1BA | $999 |
| 701 3rd Street | 2x1 | 2BR,1BA | $1,249 |
| Century Bridges | Seoul (The Whitmore) | 1BR,1BA | $1,372 |
Best Value Apartments for Rent in Fallon, VA
As of March 09, 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 $1,660. The second greatest value Fallon apartment is the 2 Bedroom 1 Bath 108 Model at Gramercy Row Apartment Residences starting at $1,595 with a $1.61 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Glade Creek (I) | Renovated Two Bedroom Two Bathroom | 2BR,2BA | $1.41 |
| Gramercy Row Apartment Residences | 2 Bedroom 1 Bath 108 | 2BR,1BA | $1.61 |
| District Vue | Luca Sunroom | 1BR,1BA | $1.70 |
| East Pointe Luxury Apartments | 1BR/1BA | 1BR,1BA | $2.15 |
| Hickory Woods | Renovated One Bedroom | 1BR,1BA | $2.12 |
| Century Bridges | Sydney (The Woods) | 1BR,1BA | $2.34 |
| The Heights at Gateway Park | 1 Bedroom First Floor | 1BR,1BA | $2.41 |
| Mount Pleasant Villas | 1X1 Deluxe | 1BR,1BA | $2.28 |
| 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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
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 $1,199 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 Century Bridges and starts from $1,904.
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

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.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.