Cheap Homes for Rent in Roanoke, VA from $700 (17 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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 421 Elm Ave

$849

Total Monthly Price

Total Monthly Price

Base Rent
$849

Total Monthly Price
$849

1 Bedroom, 1 Bath Home for Rent

Available Now

421 Elm Ave

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

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 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 Now

1138 Highland Ave SE

RoanokeVA24013
property at 3135 Glenoak St SE

$1,000

Total Monthly Price1 Month Lease Term

Total Monthly Price

Base Rent
$1,000

Total Monthly Price
$1,000

2 Bedroom, 1 Bath Townhome for Rent

Available Now

3135 Glenoak St SE

RoanokeVA24014

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 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 949 Hunt Ave NW

$1,095

Total Monthly Price

Total Monthly Price

Base Rent
$1,095

Total Monthly Price
$1,095

2 Bedroom, 1 Bath Home for Rent

Available Now

949 Hunt Ave NW

RoanokeVA24012
property at 2425 Longview Ave SW

$1,100

Total Monthly Price

Total Monthly Price

Base Rent
$1,100

Total Monthly Price
$1,100

2 Bedroom, 1 Bath Home for Rent

Available Now

2425 Longview Ave SW

RoanokeVA24014
property at 1612 Campbell Ave SE

$1,123

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,123

Total Monthly Price
$1,123

3 Bedroom, 1 Bath Home for Rent

Available Now

1612 Campbell Ave SE

RoanokeVA24013
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

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 603 Strand Rd NE

$1,200

Total Monthly Price

Total Monthly Price

Base Rent
$1,200

Total Monthly Price
$1,200

3 Bedroom, 1 Bath Home for Rent

Available Now

603 Strand Rd NE

RoanokeVA24012
property at 2329 Moir St NE

$1,200

Total Monthly Price

Total Monthly Price

Base Rent
$1,200

Total Monthly Price
$1,200

2 Bedroom, 1 Bath Townhome for Rent

Available Apr 21

2329 Moir St NE

RoanokeVA24012

Roanoke, VA Local Guide

Cheapest Neighborhoods for Apartments in Roanoke, VA

Pricing Updated: 03/16/2026

Current 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:

NeighborhoodMedian PriceMin PriceAvailable Units
Downtown Roanoke City$1,595$1,0236
Grandin Court$1,679$81543
Cave Spring$1,706$81577
Airport$1,836$71064
Hollins$1,836$71065
Colonial Avenue Area$1,840$81553
Cherry Hill$1,850$71651
Edge Wood Summit Hills$1,850$90177
Gilmer$1,850$81560
Hurt Park$1,850$71654

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 ListingModel NameBed/BathPriced From
Ridgeview ApartmentsStudioStudio,1BA$710
The Everett1 Bed, 1 Bath A Income-Restricted1BR,1BA$855
1222-1224 Maple Ave SW1 Bed 1 Bath1BR,1BA$895
Cedarwood Apartments1BR/1.0BA1BR,1BA$925
Peters Creek Apartments - Tax Credit2BR/2BA2BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
1609 Chapman Ave SW, Unit B1609 Chapman Ave SW4BR,1BA$1.09
857 Marshall Ave SW, Unit #A857 Marshall Ave SW2BR,1BA$1.15
WestWind Apartment Homes2 bedroom2BR,1.5BA$1.10
Blue Ridge Village Apartments2/1.5 50% AMI2BR,1.5BA$1.05
1801 Grandin Road Southwest1801 Grandin Road Southwest - 1809...2BR,1.5BA$1.14
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
Frontier Apartments2BR 1BA Upgraded2BR,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 Article
Decorative image

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.

Read Article
Decorative image

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.

Read Article
Decorative image

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.

decorative image of people with a giant lease agreement

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

Explore Roanoke, VA Rentals by Map

View Map
Roanoke, VA Apartments Map
View Map
Roanoke, VA Rental Homes Map

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

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.

decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

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.

decorative image for Renting with Roommates: Realistic Expectations for Shared Lease article

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.