
Cheap Homes for Rent in Roanoke, VA from $700 (17 Rentals)
Search the lowest-cost Homes available for rent right now in Roanoke.


421 Elm Ave

1306 Patterson Ave SW

3726 New Spring Branch Rd SE

922 12th St SE
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.

2803 Burton Ave NW

2516 Oakland Blvd NW

5661 Hollins Rd NE

1138 Highland Ave SE

3135 Glenoak St SE
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.

2504 Longview Ave SW

949 Hunt Ave NW

2425 Longview Ave SW

1612 Campbell Ave SE

519 5th St SE
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.

603 Strand Rd NE

2329 Moir St NE
Roanoke, VA Local Guide

How much does it cost to rent a home in Roanoke?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Roanoke 2 Bedroom Homes for Rent | $1,337 | $895 | $2,200 |
| Roanoke 3 Bedroom Homes for Rent | $1,742 | $1,123 | $2,985 |
| Roanoke 4 Bedroom Homes for Rent | $2,857 | $1,500 | $3,195 |
| Roanoke 5 Bedroom Homes for Rent | $1,800 | $1,800 | $1,800 |
Browse Top Homes for Rent in Roanoke
Explore Roanoke
Roanoke, VA Local Guide
- Roanoke Neighborhoods
- Nearby Cities
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Cheapest Neighborhoods for Apartments in Roanoke, VA
Pricing Updated: 03/16/2026Current apartment rentals in the Roanoke, VA area range in price from $710 to $3,835 with an overall median price of $1,879. The three Roanoke neighborhoods with the lowest median rent pricing are Downtown Roanoke City at $1,023, Grandin Court at $815, and Cave Spring at $815. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Roanoke Apartments for rent:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Downtown Roanoke City | $1,595 | $1,023 | 6 |
| Grandin Court | $1,679 | $815 | 43 |
| Cave Spring | $1,706 | $815 | 77 |
| Airport | $1,836 | $710 | 64 |
| Hollins | $1,836 | $710 | 65 |
| Colonial Avenue Area | $1,840 | $815 | 53 |
| Cherry Hill | $1,850 | $716 | 51 |
| Edge Wood Summit Hills | $1,850 | $901 | 77 |
| Gilmer | $1,850 | $815 | 60 |
| Hurt Park | $1,850 | $716 | 54 |
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 $710. The Everett in the Deyerle neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $855. Here is today’s list of the most affordable Roanoke apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Ridgeview Apartments | Studio | Studio,1BA | $710 |
| The Everett | 1 Bed, 1 Bath A Income-Restricted | 1BR,1BA | $855 |
| 1222-1224 Maple Ave SW | 1 Bed 1 Bath | 1BR,1BA | $895 |
| Cedarwood Apartments | 1BR/1.0BA | 1BR,1BA | $925 |
| Peters Creek Apartments - Tax Credit | 2BR/2BA | 2BR,2BA | $926 |
Best Value Apartments for Rent in Roanoke, VA
As of March 16, 2026 the best value apartment in the Roanoke area is the $1.09 price per square foot 1609 Chapman Ave SW Model at 1609 Chapman Ave SW, Unit B in the in the Gilmer neighborhood starting from $1,525. The second greatest value Roanoke apartment is the 857 Marshall Ave SW Model at 857 Marshall Ave SW, Unit #A starting at $1,375 with a $1.15 price per square foot in the Gilmer neighborhood. Here is today’s list of the best values for Roanoke apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 1609 Chapman Ave SW, Unit B | 1609 Chapman Ave SW | 4BR,1BA | $1.09 |
| 857 Marshall Ave SW, Unit #A | 857 Marshall Ave SW | 2BR,1BA | $1.15 |
| WestWind Apartment Homes | 2 bedroom | 2BR,1.5BA | $1.10 |
| Blue Ridge Village Apartments | 2/1.5 50% AMI | 2BR,1.5BA | $1.05 |
| 1801 Grandin Road Southwest | 1801 Grandin Road Southwest - 1809... | 2BR,1.5BA | $1.14 |
| Gardens At Grandin - II | 2BR/1.0BA | 2BR,1BA | $1.07 |
| Countryside Estates | 2 Bedroom x 1 Bathroom Classic Floor Plan | 2BR,1BA | $1.15 |
| Peters Creek Apartments - Tax Credit | 2BR/2BA | 2BR,2BA | $0.93 |
| The Riverwalk at Salem | 2 Bedroom, 1.5 Bath | 2BR,1.5BA | $1.28 |
| Frontier Apartments | 2BR 1BA Upgraded | 2BR,1BA | $1.31 |
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
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.
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.
Best Local Schools in Roanoke, VA
Mount Pleasant Elementary School
School data provided by Great Schools
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Roanoke, VA Rentals by Map
See the most popular apartments and homes in Roanoke, VA
Frequently Asked Questions about Roanoke
What type of rentals are currently available in Roanoke?
There are currently 390 Apartments for Rent in Roanoke, VA with pricing that ranges from $710 to $3,835. There are also 77 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 $1,584.
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 $1,001 to $3,835, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,123 to $2,985. Four Bedroom Single-Family rentals are also available starting from $1,500 and Four Bedroom Apartments start at $1,525.
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.