
Cheap Apartments for Rent in the Fallon Neighborhood of Roanoke, VA from $400 (45 Rentals)
Search the lowest-cost Apartments available for rent right now in the Fallon area of Roanoke.


611 Stewart Ave SE

809 Jamison Ave SE

Total Monthly Price
1222-1224 Maple Ave SW

1630 Wayne St NE

Total Monthly Price
2730 Forest Hill Ave NW, Unit 2732 Forest Hill

1016 15th St SE

Mount Pleasant Villas

1816 Bennington St SE
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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

401 Washington Avenue Southwest, Unit Washington Ave sw

2016 Sanford Ave SW

Liberty Pines

Abbingdon of Old Southwest

Heritage Hall

Tinker Creek Manor

16 Church Ave SW

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

The Lawson Building East

Bowman Park Townhomes

1138 Highland Ave SE

922 12th St SE

717 Orange Ave NW

2114 Carvin St NE

The Hancock Building
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

2516 Oakland Blvd NW

Flats at Thrasher Park

115 Elm Ave SW

1415 15th St NE

The Jefferson

Ellsworth Place

1020 Jamison Ave SE

3rd,SW,1401

301 Gilmer Ave
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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.

113 Norfolk Ave SW

1041-1043-1043 Jeanette Ave

902 Cottage Ave

Mansard Square Apartments

125 W Virginia Ave

Roland E. Cook Lofts

Starrview Homes

Dogwood Manor

Niagara Townhouses
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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 | $1,465 | $646 | $2,510 |
| Fallon 2 Bedroom Apartments | $1,958 | $895 | $3,585 |
| Fallon 3 Bedroom Apartments | $2,341 | $995 | $4,505 |
Browse Apartments in this Neighborhood
There are currently 45 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
- Nearby Roanoke neighborhoods
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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 |
| 3rd,SW,1401 | 1BR/1.0BA | 1BR,1BA | $1,025 |
| The Heights at Gateway Park | 1 Bedroom Third Floor | 1BR,1BA | $1,199 |
| Ellsworth Place | 2x1 | 2BR,1BA | $1,199 |
| 701 3rd Street | 2x1 | 2BR,1BA | $1,249 |
| The Aurora - Residential | 1BR/1.0BA | 1BR,1BA | $1,250 |
| Flats at Glade Creek | 2X1 | 2BR,1BA | $1,257 |
Best Value Apartments for Rent in Fallon, VA
As of June 08, 2026 the best value apartment in the Fallon area is the $1.44 price per square foot Renovated Two Bedroom Two Bathroom Model at Glade Creek (I) in the in the Monterey neighborhood starting from $1,695. The second greatest value Fallon apartment is the 523 Arbutus Ave SE Model at 523 Arbutus Ave SE, Unit 523-B starting at $1,500 with a $1.58 price per square foot in the Southern Hills 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 | $1.44 |
| 523 Arbutus Ave SE, Unit 523-B | 523 Arbutus Ave SE | 2BR,2BA | $1.58 |
| 356 Walnut Ave SW | 1 Beds, 1 Baths | 1BR,1BA | $1.53 |
| Flats at Glade Creek | 2X1 | 2BR,1BA | $1.48 |
| 426 Walnut Ave SE, Unit D | 426 Walnut Ave SE | 2BR,1BA | $1.40 |
| Ellsworth Place | 2x1 | 2BR,1BA | $1.65 |
| The Heights at Gateway Park | 1 Bedroom First Floor | 1BR,1BA | $1.73 |
| 3rd,SW,1401 | 1BR/1.0BA | 1BR,1BA | $1.69 |
| 2730 Forest Hill Ave NW, Unit 2732 Forest Hill | 2730 Forest Hill Ave NW | 1BR,1BA | $1.63 |
| 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 Hickory Woods and starts from $1,860.
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

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.