Cheap Homes for Rent in Fallon Neighborhood of Roanoke, VA from $500 (11 Rentals)

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

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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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.

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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 Flats at Thrasher Park priced from $949. 3rd,SW,1401 has the second lowest priced unit, which is a 1 Bed apartment currently listed from $950. Here are the most affordable Fallon apartments for rent in Roanoke, VA:

Apartment ListingModel NameBed/BathPriced From
Flats at Thrasher Park1x11BR,1BA$949
3rd,SW,14011BR/1.0BA1BR,1BA$950
Flats at Glade Creek2X12BR,1BA$1,099
Gramercy Row Apartment Residences1Bedroom 1 Bath 2231BR,1BA$1,100
701 3rd Street1x11BR,1BA$1,149

Best Value Apartments for Rent in Fallon, VA

As of October 24, 2025 the best value apartment in the Fallon area is the $1.50 price per square foot 1802 Edmund Ave NE Model at 1802 Edmund Ave NE, Unit 1802 Edmund Ave in the in the Monterey neighborhood starting from $1,800. The second greatest value Fallon apartment is the 3X1 Model at Flats at Glade Creek starting at $1,249 with a $1.31 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.
1802 Edmund Ave NE, Unit 1802 Edmund Ave1802 Edmund Ave NE3BR,2BA$1.50
Flats at Glade Creek3X13BR,1BA$1.31
Glade Creek (I)Renovated One Bedroom1BR,1BA$1.50
District VueLuca Sunroom1BR,1BA$1.84
Ellsworth Place2x12BR,1BA$1.62
Mount Pleasant Villas2x12BR,1BA$1.74
Hickory WoodsRenovated One Bedroom1BR,1BA$1.74
3rd,SW,14011BR/1.0BA1BR,1BA$1.57
Gramercy Row Apartment Residences1 Bedroom 1 Bath 1031BR,1BA$1.83
Flats at Thrasher Park1x11BR,1BA$2.00

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

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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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The 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.

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Quick Rent Budget Calculator

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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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Pet Friendly Lifestyle
Fallon, Roanoke, VA

Ranked #33

Among cities in Virginia for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Frequently Asked Questions about Fallon

What type of rentals are currently available in Fallon?

There are currently 187 Apartments for Rent in Fallon, VA with pricing that ranges from $695 to $3,420. There are also 32 Single Family Homes for rent, Condos, and Townhome rentals currently available in Fallon ranging from $595 to $2,300.

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 $595 to $2,300 with an average monthly rent of $1,282.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.