
Cheap Homes for Rent in Roanoke, VA from $700 (36 Rentals)
Search the lowest-cost Homes available for rent right now in Roanoke.


821 Salem Ave SW

1138 Highland Ave SE

1604 keswick Ave NE, Unit 1612 Keswick

717 Orange Ave NW

922 12th St SE

16 Church Ave SW

2516 Oakland Blvd NW

1004 26th St SW
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.

814 Tennessee St

1415 15th St NE

1020 Jamison Ave SE

401 Washington Avenue Southwest, Unit Washington Ave sw

1516 King St

425 Campbell Ave SW

2803 Burton Ave NW

416 Hanover Ave NW

515 Washington Avenue Southwest, Unit Washington A
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.

1423 Burrell St NW

1129 Forest Park Blvd NW, Unit A

3816 Dakota Ave NW

1327 Fairmont Dr

603 Strand Rd NE

1624 Redwood Rd SE

1905 Wise Ave SE

829 Centre Ave NW

1513 Edgerton Ave SE
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.

635 Riverland Rd SE

1712 Wayne St NE

1165 Ruddell Rd

745 Queen Ave NW

2420 Winthrop Ave SW

Furnished Studio-Roanoke - Airport

110 Campbell Ave SE

1234 Pechin Ave SE

432 Roanoke Blvd, Unit 432 B
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.
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 | $1,521 | $895 | $2,350 |
| Roanoke 3 Bedroom Homes for Rent | $1,744 | $1,200 | $2,877 |
| Roanoke 4 Bedroom Homes for Rent | $2,596 | $1,600 | $3,550 |
| Roanoke 5 Bedroom Homes for Rent | $1,895 | $1,895 | $1,895 |
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: 06/17/2026Current apartment rentals in the Roanoke, VA area range in price from $799 to $3,550 with an overall median price of $2,142. The three Roanoke neighborhoods with the lowest median rent pricing are Old Southwest at $1,195, Edge Wood Summit Hills at $1,395, and Peachtree Norwood at $1,452. 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 |
|---|---|---|---|
| Old Southwest | $1,195 | $1,195 | 1 |
| Edge Wood Summit Hills | $1,395 | $1,395 | 1 |
| Peachtree Norwood | $1,551 | $1,452 | 2 |
| Washington Heights | $1,572 | $1,495 | 2 |
| Airport | $1,695 | $1,695 | 1 |
| Wildwood | $1,700 | $895 | 22 |
| Fallon | $1,750 | $895 | 25 |
| Kenwood | $1,750 | $895 | 21 |
| Riverdale | $1,750 | $895 | 14 |
| South Jefferson | $1,750 | $1,195 | 2 |
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. 1624 SW Chapman Ave in the Gilmer neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $799. 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 |
| 1624 SW Chapman Ave | 1 Beds, 1 Baths | 1BR,1BA | $799 |
| Frontier Apartments | 1 Bed Whitehall | 1BR,1BA | $825 |
| 1222-1224 Maple Ave SW | 1 Bed 1 Bath | 1BR,1BA | $895 |
| Stone Ridge Apartments | 1BR/1.0BA | 1BR,1BA | $915 |
| Cedarwood Apartments | 1BR/1.0BA | 1BR,1BA | $915 |
| Peters Creek Apartments - Tax Credit | 2BR/2BA | 2BR,2BA | $990 |
| Mount Pleasant Villas | 1x1 | 1BR,1BA | $999 |
| The Flats at Rutgers | 1x1 | 1BR,1BA | $999 |
Best Value Apartments for Rent in Roanoke, VA
As of June 17, 2026 the best value apartment in the Roanoke area is the $1.10 price per square foot 1609 Chapman Ave SW Model at 1609 Chapman Ave SW, Unit B in the in the Gilmer neighborhood starting from $1,545. The second greatest value Roanoke apartment is the 3 Bedroom x 1.5 Bathroom Classic Floor Plan Model at Countryside Estates starting at $1,430 with a $1.04 price per square foot in the Peachtree Norwood 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 | $1.10 |
| Countryside Estates | 3 Bedroom x 1.5 Bathroom Classic Floor Plan | 3BR,1.5BA | $1.04 |
| Windy Hill Key | 3 Bedroom, 2 Bath | 3BR,2BA | $1.30 |
| Bent Tree | 2 BEDROOM | 2BR,1BA | $1.22 |
| West Creek Manor | 2 Bedroom | 2BR,1BA | $1.11 |
| Gardens At Grandin - II | 2BR/1.0BA | 2BR,1BA | $1.07 |
| Peters Creek Apartments - Tax Credit | 2BR/2BA | 2BR,2BA | $0.99 |
| Northridge Village | B1 | 2BR,1BA | $1.28 |
| The Riverwalk at Salem | 2 Bedroom, 1.5 Bath | 2BR,1.5BA | $1.28 |
| 1624 SW Chapman Ave | 1 Beds, 1 Baths | 1BR,1BA | $1.23 |
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 ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
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 403 Apartments for Rent in Roanoke, VA with pricing that ranges from $690 to $3,885. There are also 103 Single Family Homes for rent, Condos, and Townhome rentals currently available in Roanoke ranging from $799 to $3,550.
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 $799 to $3,550 with an average monthly rent of $1,633.
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 $995 to $3,885, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,200 to $2,877. Four Bedroom Single-Family rentals are also available starting from $1,600 and Four Bedroom Apartments start at $1,545.
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

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.