
Cheap Homes for Rent in Roanoke, VA from $700 (30 Rentals)
Search the lowest-cost Homes available for rent right now in Roanoke.


202 Elm Ave

1306 Patterson Ave SW

1825 Patterson Ave SW

821 Salem Ave SW

922 12th St SE

5304 Capito St
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.

110 Campbell Ave SE

2803 Burton Ave NW

2516 Oakland Blvd NW

5661 Hollins Rd NE

1138 Highland Ave SE

10-12 1/2 12 1/2 St

2744 Melrose Ave, Unit 1-214
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.

2504 Longview Ave SW

113 Norfolk Ave SW

1415 15th St NE

401 Washington Avenue Southwest, Unit Washington Ave sw

519 5th St SE

909 13th St SE

3551 Timberline Trail
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.

1824 Eastern Ave NE

1813 Oxford Ave SW

2916 Courtland Rd NW

521 36th St

515 Washington Avenue Southwest, Unit Washington A, Unit Washington A

1423 Burrell St NW

356 Walnut Ave SW
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.

2205 Plantation Rd NE

1165 Ruddell Rd
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 | $1,472 | $850 | $2,550 |
| Roanoke 3 Bedroom Homes for Rent | $1,537 | $978 | $2,300 |
| Roanoke 4 Bedroom Homes for Rent | $2,705 | $1,795 | $3,195 |
Browse Top Homes for Rent in Roanoke
Explore Roanoke
Roanoke, VA Local Guide
- Roanoke Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Neighborhoods for Apartments in Roanoke, VA
Pricing Updated: 04/30/2026Current 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:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Downtown Roanoke City | $1,260 | $923 | 6 |
| River Land | $1,350 | $696 | 32 |
| Morningside | $1,374 | $696 | 33 |
| Walnut Hill | $1,374 | $696 | 36 |
| Riverdale | $1,425 | $696 | 29 |
| Gainsboro | $1,495 | $696 | 44 |
| Mill Mountain | $1,495 | $875 | 21 |
| Grandin Court | $1,661 | $875 | 31 |
| Cave Spring | $1,678 | $875 | 60 |
| Airport | $1,729 | $690 | 44 |
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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Ridgeview Apartments | Studio | Studio,1BA | $690 |
| Frontier Apartments | 1 Bed Whitehall | 1BR,1BA | $825 |
| The Everett | 1 Bed, 1 Bath A Income-Restricted | 1BR,1BA | $850 |
| Cedarwood Apartments | 1BR/1.0BA | 1BR,1BA | $875 |
| 1222-1224 Maple Ave SW | 1 Bed 1 Bath | 1BR,1BA | $895 |
| Stone Ridge Apartments- Convenient Location | 1BR/1.0BA | 1BR,1BA | $925 |
| Peters Creek Apartments - Tax Credit | 2BR/2BA | 2BR,2BA | $926 |
| The Aurora - Residential | 0BR/1.0BA | Studio,1BA | $935 |
| 631 Campbell Ave LLC - Residential | Studio Loft | Studio,1BA | $945 |
| 4419-4425 Lela Ave NE | 1 Bed 1 Bath | 1BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Windy Hill Key | 3 Bedroom, 2 Bath | 3BR,2BA | $1.30 |
| Brandon Point Apartments | 3BR/2BA Upgraded | 3BR,2BA | $1.38 |
| Blue Ridge Village Apartments | 2/1.5 50% AMI | 2BR,1.5BA | $1.05 |
| North Point | 2BR | 2BR,2BA | $1.40 |
| Oak Grove Village Apartments | Bulk market rent | 2BR,1.5BA | $1.16 |
| 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 |
| The Everett | 2 Bed, 1 Bath A Standard | 2BR,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.
Read ArticleDon'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 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

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.

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.

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.