Cheap Homes for Rent in Roanoke, VA from $700 (36 Rentals)

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

property at 1624 Chapman Ave SW

$799

Total Monthly Price

Total Monthly Price

Base Rent
$799

Total Monthly Price
$799

1 Bedroom, 1 Bath Home for Rent

Available Now

1624 Chapman Ave SW

RoanokeVA24016
property at 821 Salem Ave SW

$870 - $1,495

Total Monthly Price

Total Monthly Price

Base Rent
$870

Total Monthly Price
$870

Studio To 2 Bedroom Rentals

Available Jun 25

821 Salem Ave SW

RoanokeVA24016
property at 1138 Highland Ave SE

$895

Total Monthly Price

Total Monthly Price

Base Rent
$895

Total Monthly Price
$895

1 Bedroom, 1 Bath Home for Rent

Available Now

1138 Highland Ave SE

RoanokeVA24013
property at 717 Orange Ave NW

$895

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$895

Total Monthly Price
$895

2 Bedroom, 1 Bath Home for Rent

Available Now

717 Orange Ave NW

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
property at 16 Church Ave SW

$950

Total Monthly Price

Total Monthly Price

Base Rent
$950

Total Monthly Price
$950

Studio, 0.5 Bath Home for Rent

Available Aug 1

16 Church Ave SW

RoanokeVA24011
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 1004 26th St SW

$950

Total Monthly Price

Total Monthly Price

Base Rent
$950

Total Monthly Price
$950

2 Bedroom, 1 Bath Home for Rent

Available Now

1004 26th St SW

RoanokeVA24015

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.

property at 814 Tennessee St

$990

Total Monthly Price

Total Monthly Price

Base Rent
$990

Total Monthly Price
$990

2 Bedroom, 1 Bath Townhome for Rent

Available Now

814 Tennessee St

SalemVA24153
property at 1415 15th St NE

$995

Total Monthly Price

Total Monthly Price

Base Rent
$995

Total Monthly Price
$995

1 Bedroom, 1 Bath Home for Rent

Available Now

1415 15th St NE

RoanokeVA24012
property at 1020 Jamison Ave SE

$1,000

Total Monthly Price

Total Monthly Price

Base Rent
$1,000

Total Monthly Price
$1,000

2 Bedroom, 1 Bath Condo for Rent

Available Now

1020 Jamison Ave SE

RoanokeVA24013
property at 1516 King St

$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

1516 King St

SalemVA24153
property at 425 Campbell Ave SW

$1,125

Total Monthly Price

Total Monthly Price

Base Rent
$1,125

Total Monthly Price
$1,125

1 Bedroom, 1 Bath Condo for Rent

Available Jun 26

425 Campbell Ave SW

RoanokeVA24016
property at 2803 Burton Ave NW

$1,149

Total Monthly Price6 Month Lease Term

Total Monthly Price

Base Rent
$1,149

Total Monthly Price
$1,149

2 Bedroom, 2 Bath Home for Rent

Available Now

2803 Burton Ave NW

RoanokeVA24012
property at 416 Hanover Ave NW

$1,195

Total Monthly Price

Total Monthly Price

Base Rent
$1,195

Total Monthly Price
$1,195

2 Bedroom, 1 Bath Home for Rent

Available Now

416 Hanover Ave NW

RoanokeVA24016

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 1423 Burrell St NW

$1,195

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,195

Total Monthly Price
$1,195

2 Bedroom, 1 Bath Home for Rent

Available Now

1423 Burrell St NW

RoanokeVA24012
property at 3816 Dakota Ave NW

$1,200

Total Monthly Price

Total Monthly Price

Base Rent
$1,200

Total Monthly Price
$1,200

2 Bedroom, 1 Bath Home for Rent

Available Now

3816 Dakota Ave NW

RoanokeVA24017
property at 1327 Fairmont Dr

$1,200

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,200

Total Monthly Price
$1,200

2 Bedroom, 1 Bath Townhome for Rent

Available Jul 1

1327 Fairmont Dr

VintonVA24179
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 1624 Redwood Rd SE

$1,223

Total Monthly Price

Total Monthly Price

Base Rent
$1,223

Total Monthly Price
$1,223

3 Bedroom, 1 Bath Home for Rent

Available Now

1624 Redwood Rd SE

RoanokeVA24014
property at 1905 Wise Ave SE

$1,223

Total Monthly Price

Total Monthly Price

Base Rent
$1,223

Total Monthly Price
$1,223

2 Bedroom, 1 Bath Home for Rent

Available Now

1905 Wise Ave SE

RoanokeVA24013
property at 829 Centre Ave NW

$1,250

Total Monthly Price

Total Monthly Price

Base Rent
$1,250

Total Monthly Price
$1,250

2 Bedroom, 1 Bath Home for Rent

Available Jul 1

829 Centre Ave NW

RoanokeVA24016

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.

property at 635 Riverland Rd SE

$1,250

Total Monthly Price

Total Monthly Price

Base Rent
$1,250

Total Monthly Price
$1,250

2 Bedroom, 1 Bath Townhome for Rent

Available Now

635 Riverland Rd SE

RoanokeVA24014
property at 1712 Wayne St NE

$1,250

Total Monthly Price

Total Monthly Price

Base Rent
$1,250

Total Monthly Price
$1,250

2 Bedroom, 1 Bath Home for Rent

Available Now

1712 Wayne St NE

RoanokeVA24012
property at 1165 Ruddell Rd

$1,250

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,250

Total Monthly Price
$1,250

2 Bedroom, 1 Bath Townhome for Rent

Available Now

1165 Ruddell Rd

VintonVA24179
property at 745 Queen Ave NW

$1,250

Total Monthly Price

Total Monthly Price

Base Rent
$1,250

Total Monthly Price
$1,250

2 Bedroom, 1 Bath Home for Rent

Available Now

745 Queen Ave NW

RoanokeVA24012
property at 2420 Winthrop Ave SW

$1,277

Total Monthly Price

Total Monthly Price

Base Rent
$1,277

Total Monthly Price
$1,277

2 Bedroom, 1 Bath Home for Rent

Available Now

2420 Winthrop Ave SW

RoanokeVA24015
property at 110 Campbell Ave SE

$1,150 - $1,299

Total Monthly Price

Total Monthly Price

Base Rent
$1,299

Total Monthly Price
$1,299

1 Bedroom Rentals

Available Now

110 Campbell Ave SE

RoanokeVA24011
property at 1234 Pechin Ave SE

$1,300

Total Monthly Price

Total Monthly Price

Base Rent
$1,300

Total Monthly Price
$1,300

2 Bedroom, 1 Bath Home for Rent

Available Feb 1, 2027

1234 Pechin Ave SE

RoanokeVA24013
property at 432 Roanoke Blvd

$1,300

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,300

Total Monthly Price
$1,300

2 Bedroom, 1 Bath Townhome for Rent

Available Aug 1

432 Roanoke Blvd, Unit 432 B

432 Roanoke Blvd
SalemVA24153

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

Cheapest Neighborhoods for Apartments in Roanoke, VA

Pricing Updated: 06/17/2026

Current 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:

NeighborhoodMedian PriceMin PriceAvailable Units
Old Southwest$1,195$1,1951
Edge Wood Summit Hills$1,395$1,3951
Peachtree Norwood$1,551$1,4522
Washington Heights$1,572$1,4952
Airport$1,695$1,6951
Wildwood$1,700$89522
Fallon$1,750$89525
Kenwood$1,750$89521
Riverdale$1,750$89514
South Jefferson$1,750$1,1952

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 ListingModel NameBed/BathPriced From
Ridgeview ApartmentsStudioStudio,1BA$690
1624 SW Chapman Ave1 Beds, 1 Baths1BR,1BA$799
Frontier Apartments1 Bed Whitehall1BR,1BA$825
1222-1224 Maple Ave SW1 Bed 1 Bath1BR,1BA$895
Stone Ridge Apartments1BR/1.0BA1BR,1BA$915
Cedarwood Apartments1BR/1.0BA1BR,1BA$915
Peters Creek Apartments - Tax Credit2BR/2BA2BR,2BA$990
Mount Pleasant Villas1x11BR,1BA$999
The Flats at Rutgers1x11BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
1609 Chapman Ave SW, Unit B1609 Chapman Ave SW4BR,1BA$1.10
Countryside Estates3 Bedroom x 1.5 Bathroom Classic Floor Plan3BR,1.5BA$1.04
Windy Hill Key3 Bedroom, 2 Bath3BR,2BA$1.30
Bent Tree2 BEDROOM2BR,1BA$1.22
West Creek Manor2 Bedroom2BR,1BA$1.11
Gardens At Grandin - II2BR/1.0BA2BR,1BA$1.07
Peters Creek Apartments - Tax Credit2BR/2BA2BR,2BA$0.99
Northridge VillageB12BR,1BA$1.28
The Riverwalk at Salem2 Bedroom, 1.5 Bath2BR,1.5BA$1.28
1624 SW Chapman Ave1 Beds, 1 Baths1BR,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.

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

Explore Roanoke, VA Rentals by Map

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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

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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.

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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.

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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.

decorative image for Neighborhood and Market Insights: How to Choose the Right Area to Rent   article

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.