Cheap Homes for Rent in Roanoke, VA from $400 (22 Rentals)

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

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 3135 Glenoak St SE

$1,000

Total Monthly Price

Total Monthly Price

Base Rent
$1,000

Total Monthly Price
$1,000

2 Bedroom, 1 Bath Townhome for Rent

Available Mar 1

3135 Glenoak St SE, Unit 3135

3135 Glenoak St SE
RoanokeVA24014

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.

Roanoke, VA Local Guide

Cheapest Neighborhoods for Apartments in Roanoke, VA

Pricing Updated: 01/30/2026

Current apartment rentals in the Roanoke, VA area range in price from $671 to $3,955 with an overall median price of $1,828. The three Roanoke neighborhoods with the lowest median rent pricing are Downtown Roanoke City at $1,149, Williamson Road at $671, and Hollins Roanoke City at $671. 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$1,523$1,1497
Williamson Road$1,525$67143
Hollins Roanoke City$1,647$67154
Belmont$1,675$67165
Eastgate$1,682$67143
Mecca Gardens$1,682$97537
Wildwood$1,682$67159
Monterey$1,690$71048
Fallon$1,692$67165
Kenwood$1,692$67167

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. Cedarwood Apartments in the Deyerle neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $875. Here is today’s list of the most affordable Roanoke apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Ridgeview ApartmentsStudioStudio,1BA$710
Cedarwood Apartments1BR/1.0BA1BR,1BA$875
1222-1224 Maple Ave SW1 Bed 1 Bath1BR,1BA$895
The Everett2 Bed, 1 Bath A Income-Restricted2BR,1BA$899
3rd,SW,14011BR/1.0BA1BR,1BA$950

Best Value Apartments for Rent in Roanoke, VA

As of January 30, 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 2BR/1.0BA Model at Gardens At Grandin - II starting at $1,125 with a $0.96 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 ListingModel NameBed/BathPrice Per Sq.Ft.
1609 Chapman Ave SW, Unit B1609 Chapman Ave SW4BR,1BA$1.09
Gardens At Grandin - II2BR/1.0BA2BR,1BA$0.96
WestWind Apartment Homes2 bedroom2BR,1.5BA$1.10
Blue Ridge Village Apartments2/1.5 50% AMI2BR,1.5BA$0.94
1801 Grandin Road Southwest1801 Grandin Road Southwest - 18032BR,1.5BA$1.14
Countryside Estates2 Bedroom x 1 Bathroom Classic Floor Plan2BR,1BA$1.15
The Everett2 Bed, 1 Bath B Income-Restricted2BR,1BA$1.14
The Riverwalk at Salem2 Bedroom, 1.5 Bath2BR,1.5BA$1.28
Flats at Glade Creek2X12BR,1BA$1.29
1507 Hampton Ave SW1507 Hampton Ave SW1BR,1BA$1.29

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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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.

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

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Frequently Asked Questions about Roanoke

What type of rentals are currently available in Roanoke?

There are currently 388 Apartments for Rent in Roanoke, VA with pricing that ranges from $671 to $3,955. There are also 111 Single Family Homes for rent, Condos, and Townhome rentals currently available in Roanoke ranging from $495 to $7,765.

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 $495 to $7,765 with an average monthly rent of $1,656.

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 $3,955, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,185 to $2,700. 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

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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.

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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.

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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.

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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.