Cheap Homes for Rent in Roanoke, VA from $700 (30 Rentals)

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

property at 202 Elm Ave

$749

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$749

Total Monthly Price
$749

Studio, 1 Bath Home for Rent

Available Now

202 Elm Ave

RoanokeVA24016
property at 821 Salem Ave SW

$870

Total Monthly Price

Total Monthly Price

Base Rent
$870

Total Monthly Price
$870

Studio, 1 Bath Condo for Rent

Available Jun 25

821 Salem Ave SW

RoanokeVA24016
property at 922 12th St SE

$899

Total Monthly Price

Total Monthly Price

Base Rent
$899

Total Monthly Price
$899

2 Bedroom, 1 Bath Home for Rent

Available Now

922 12th St SE

RoanokeVA24013
property at 5304 Capito St

$900

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$900

Total Monthly Price
$900

2 Bedroom, 1 Bath Home for Rent

Available Now

5304 Capito St

HollinsVA24019

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.

property at 110 Campbell Ave SE

$935 - $1,350

Total Monthly Price

Total Monthly Price

Base Rent
$935

Total Monthly Price
$935

Studio To 1 Bedroom Rentals

Available Now

110 Campbell Ave SE

RoanokeVA24011
property at 2803 Burton Ave NW

$949

Total Monthly Price

Total Monthly Price

Base Rent
$949

Total Monthly Price
$949

2 Bedroom, 1 Bath Home for Rent

Available Now

2803 Burton Ave NW

RoanokeVA24012
property at 2516 Oakland Blvd NW

$950

Total Monthly Price

Total Monthly Price

Base Rent
$950

Total Monthly Price
$950

1 Bedroom, 1 Bath Home for Rent

Available Now

2516 Oakland Blvd NW

RoanokeVA24012
property at 5661 Hollins Rd NE

$950

Total Monthly Price

Total Monthly Price

Base Rent
$950

Total Monthly Price
$950

2 Bedroom, 1.5 Bath Home for Rent

Available Now

5661 Hollins Rd NE

RoanokeVA24012
property at 1138 Highland Ave SE

$995

Total Monthly Price

Total Monthly Price

Base Rent
$995

Total Monthly Price
$995

1 Bedroom, 1 Bath Home for Rent

Available May 1

1138 Highland Ave SE

RoanokeVA24013
property at 10-12 1/2 12 1/2 St

$1,023

Total Monthly Price

Total Monthly Price

Base Rent
$1,023

Total Monthly Price
$1,023

3 Bedroom, 1.5 Bath Home for Rent

Available Now

10-12 1/2 12 1/2 St

RoanokeVA24016

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.

property at 2504 Longview Ave SW

$1,050

Total Monthly Price

Total Monthly Price

Base Rent
$1,050

Total Monthly Price
$1,050

1 Bedroom, 1 Bath Home for Rent

Available Now

2504 Longview Ave SW

RoanokeVA24014
property at 113 Norfolk Ave SW

$1,050

Total Monthly Price

Total Monthly Price

Base Rent
$1,050

Total Monthly Price
$1,050

1 Bedroom Rentals

Available May 8

113 Norfolk Ave SW

RoanokeVA24011
property at 1415 15th St NE

$1,095

Total Monthly Price

Total Monthly Price

Base Rent
$1,095

Total Monthly Price
$1,095

1 Bedroom, 1 Bath Home for Rent

Available May 1

1415 15th St NE

RoanokeVA24012
property at 519 5th St SE

$1,195

Total Monthly Price

Total Monthly Price

Base Rent
$1,195

Total Monthly Price
$1,195

3 Bedroom, 1.5 Bath Home for Rent

Available Now

519 5th St SE

RoanokeVA24013
property at 909 13th St SE

$1,199

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,199

Total Monthly Price
$1,199

3 Bedroom, 1 Bath Home for Rent

Available Now

909 13th St SE

RoanokeVA24013

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.

property at 1824 Eastern Ave NE

$1,200

Total Monthly Price

Total Monthly Price

Base Rent
$1,200

Total Monthly Price
$1,200

2 Bedroom, 1 Bath Home for Rent

Available May 1

1824 Eastern Ave NE

RoanokeVA24012
property at 1813 Oxford Ave SW

$1,200

Total Monthly Price13 Month Lease Term

Total Monthly Price

Base Rent
$1,200

Total Monthly Price
$1,200

2 Bedroom Rentals

Available Now

1813 Oxford Ave SW

RoanokeVA24015
property at 2916 Courtland Rd NW

$1,223

Total Monthly Price

Total Monthly Price

Base Rent
$1,223

Total Monthly Price
$1,223

2 Bedroom, 1 Bath Home for Rent

Available May 17

2916 Courtland Rd NW

RoanokeVA24012
property at 521 36th St

$1,295

Total Monthly Price

Total Monthly Price

Base Rent
$1,295

Total Monthly Price
$1,295

3 Bedroom, 1 Bath Home for Rent

Available Now

521 36th St

RoanokeVA24017
property at 1423 Burrell St NW

$1,295

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,295

Total Monthly Price
$1,295

2 Bedroom, 1 Bath Home for Rent

Available Now

1423 Burrell St NW

RoanokeVA24012
property at 356 Walnut Ave SW

$1,300

Total Monthly Price

Total Monthly Price

Base Rent
$1,300

Total Monthly Price
$1,300

1 Bedroom, 1 Bath Condo for Rent

Available Now

356 Walnut Ave SW

RoanokeVA24016

The Art of the Rental Viewing: What to look for during a property tour

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.

property at 2205 Plantation Rd NE

$1,300

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,300

Total Monthly Price
$1,300

3 Bedroom, 1 Bath Home for Rent

Available Now

2205 Plantation Rd NE

RoanokeVA24012
property at 1165 Ruddell Rd

$1,300

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,300

Total Monthly Price
$1,300

2 Bedroom, 1 Bath Townhome for Rent

Available Now

1165 Ruddell Rd

VintonVA24179

Roanoke, VA Local Guide

Cheapest Neighborhoods for Apartments in Roanoke, VA

Pricing Updated: 04/30/2026

Current apartment rentals in the Roanoke, VA area range in price from $671 to $3,745 with an overall median price of $1,876. The three Roanoke neighborhoods with the lowest median rent pricing are Downtown Roanoke City at $923, River Land at $696, and Morningside at $696. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Roanoke Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Downtown Roanoke City$1,260$9236
River Land$1,350$69632
Morningside$1,374$69633
Walnut Hill$1,374$69636
Riverdale$1,425$69629
Gainsboro$1,495$69644
Mill Mountain$1,495$87521
Grandin Court$1,661$87531
Cave Spring$1,678$87560
Airport$1,729$69044

Cheapest Available Roanoke Apartments for Rent

 

The cheapest available apartment rental in Roanoke, VA is a Studio unit found at Ridgeview Apartments in the Monterey neighborhood priced from $690. Frontier Apartments in the Monterey neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $825. Here is today’s list of the most affordable Roanoke apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Ridgeview ApartmentsStudioStudio,1BA$690
Frontier Apartments1 Bed Whitehall1BR,1BA$825
The Everett1 Bed, 1 Bath A Income-Restricted1BR,1BA$850
Cedarwood Apartments1BR/1.0BA1BR,1BA$875
1222-1224 Maple Ave SW1 Bed 1 Bath1BR,1BA$895
Stone Ridge Apartments- Convenient Location1BR/1.0BA1BR,1BA$925
Peters Creek Apartments - Tax Credit2BR/2BA2BR,2BA$926
The Aurora - Residential0BR/1.0BAStudio,1BA$935
631 Campbell Ave LLC - ResidentialStudio LoftStudio,1BA$945
4419-4425 Lela Ave NE1 Bed 1 Bath1BR,1BA$975

Best Value Apartments for Rent in Roanoke, VA

As of April 30, 2026 the best value apartment in the Roanoke area is the $1.30 price per square foot 3 Bedroom, 2 Bath Model at Windy Hill Key in the in the Southern Hills neighborhood starting from $1,611. The second greatest value Roanoke apartment is the 3BR/2BA Upgraded Model at Brandon Point Apartments starting at $1,650 with a $1.38 price per square foot in the South Washington Heights neighborhood. Here is today’s list of the best values for Roanoke apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Windy Hill Key3 Bedroom, 2 Bath3BR,2BA$1.30
Brandon Point Apartments3BR/2BA Upgraded3BR,2BA$1.38
Blue Ridge Village Apartments2/1.5 50% AMI2BR,1.5BA$1.05
North Point2BR2BR,2BA$1.40
Oak Grove Village ApartmentsBulk market rent2BR,1.5BA$1.16
Gardens At Grandin - II2BR/1.0BA2BR,1BA$1.07
Countryside Estates2 Bedroom x 1 Bathroom Classic Floor Plan2BR,1BA$1.15
Peters Creek Apartments - Tax Credit2BR/2BA2BR,2BA$0.93
The Riverwalk at Salem2 Bedroom, 1.5 Bath2BR,1.5BA$1.28
The Everett2 Bed, 1 Bath A Standard2BR,1BA$1.44

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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Don't Settle: How to Negotiate Your Apartment Lease and Save Money

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

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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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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Roanoke, VA Rentals by Map

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Frequently Asked Questions about Roanoke

What type of rentals are currently available in Roanoke?

There are currently 391 Apartments for Rent in Roanoke, VA with pricing that ranges from $671 to $3,745. There are also 75 Single Family Homes for rent, Condos, and Townhome rentals currently available in Roanoke ranging from $749 to $3,195.

What is the current price range for Rental Homes in Roanoke?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Roanoke ranges from $749 to $3,195 with an average monthly rent of $1,525.

How much are larger Three and Four Bedroom Rentals in Roanoke?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Roanoke range from $1,047 to $3,675, while Three Bedroom Homes, Condos, and Townhomes for rent range from $978 to $2,300. Four Bedroom Single-Family rentals are also available starting from $1,795 and Four Bedroom Apartments start at $1,790.

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

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts  article

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

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.