1512 NW Downing St
RoanokeVA24012
Cheap Homes for Rent in the Fallon Neighborhood of Roanoke, VA from $850 (12 Rentals)
Search the lowest-cost Homes available for rent right now in the Fallon area of Roanoke.
922 12th St SE
RoanokeVA24013
2516 Oakland Blvd NW
RoanokeVA24012
416 Hanover Ave NW
RoanokeVA24016
2818 Burton Ave NW
RoanokeVA24012
906 Hanover Ave NW
RoanokeVA24016
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.
603 Strand Rd NE
RoanokeVA24012
1014 Woodrow Ave SE
RoanokeVA24013
425 Campbell Ave SW
RoanokeVA24016
419 Campbell Ave SW
RoanokeVA24016
3123 Roundhill Ave NW
RoanokeVA24012
1917 Wallace Ave NE
RoanokeVA24012
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.
Showing Results 1-12, Page 1 of 1
Fallon, Roanoke, VA Local Guide
How much does it cost to rent a home in Fallon?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Fallon 2 Bedroom Homes for Rent | $1,270 | $899 | $2,000 |
| Fallon 3 Bedroom Homes for Rent | $1,461 | $1,100 | $1,850 |
| Fallon 4 Bedroom Homes for Rent | $2,179 | $1,323 | $3,800 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Homes for Rent in this Neighborhood
There are currently 12 rentals with your search options within a 2 mile radius of the Fallon Neighborhood of Roanoke, VA.
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Best Value Homes for Rent in Fallon, VA
As of September 21, 2026 the best value rental home in the Fallon area is the $1.78 price per square foot 324 Salem Ave SW Model at 324 Salem Ave SW, Unit 302 in the Gilmer neighborhood starting from $1,900. The second greatest value Fallon rental home is the 916 Kyle Ave NE Model at 916 Kyle Ave NE in the Gilmer neighborhood starting at $2,000 with a $3.12 price per square foot. Here is today’s list of the best values for Fallon homes based on price per square foot:
| Home Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 324 Salem Ave SW, Unit 302 | 324 Salem Ave SW | 1BR, 1.5BA | $1.78 |
| 916 Kyle Ave NE | 916 Kyle Ave NE | 2BR, 1BA | $3.12 |
Frequently Asked Questions about Fallon
What type of rentals are currently available in Fallon?
There are currently 200 Apartments for Rent in Fallon, VA with pricing that ranges from $795 to $3,880. There are also 31 Single Family Homes for rent, Condos, and Townhome rentals currently available in Fallon ranging from $850 to $3,800.
What is the current price range for Rental Homes in Fallon?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Fallon ranges from $850 to $3,800 with an average monthly rent of $1,415.
How much are larger Three and Four Bedroom Rentals in Fallon?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Fallon range from $1,100 to $3,880, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,100 to $1,850. Four Bedroom Single-Family rentals are also available starting from $1,323 and Four Bedroom Apartments start at $3,200.
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.
How Commercial-to-Residential Property Conversions Help the Housing Crisis
Written by: Robin Stewart
Many housing markets throughout America share a common complaint: a lack of affordable rental properties.
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.
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.