Cheap Homes for Rent in Roanoke, VA from $500 (31 Rentals)

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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.

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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.

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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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Roanoke, VA Local Guide

Cheapest Neighborhoods for Apartments in Roanoke, VA

Pricing Updated: 09/12/2025

Current apartment rentals in the Roanoke, VA area range in price from $660 to $3,561 with an overall median price of $1,757. The three Roanoke neighborhoods with the lowest median rent pricing are Walnut Hill at $785, Mill Mountain at $850, and Morningside at $825. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Roanoke Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Walnut Hill$1,199$78534
Mill Mountain$1,200$85023
Morningside$1,213$82531
Garden City$1,249$85015
Old Southwest$1,249$89510
River Land$1,249$78532
Riverdale$1,252$89522
Williamson Road$1,349$78549
Gainsboro$1,434$78558
Downtown Roanoke City$1,435$1,0759

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 $660. Blue Ridge Village Apartments in the Gilmer neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $696. Here is today’s list of the most affordable Roanoke apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Ridgeview ApartmentsStudioStudio,1BA$660
Blue Ridge Village Apartments1/1 40% AMI1BR,1BA$696
The Everett1 Bed 1Bath - 1A1BR,1BA$899
Cedarwood Apartments1BR/1.0BA1BR,1BA$915
Flats at Thrasher Park1x11BR,1BA$949
3rd,SW,14011BR/1.0BA1BR,1BA$950
Harrison SchoolOne Bedroom One Bathroom1BR,1BA$966
WestWind Apartment Homes1 bedroom1BR,1BA$999
Sterlingwood Apartments1 Bedroom/1 Bathroom Classic Floor Plan1BR,1BA$1,039
North View ApartmentsClassic plus1BR,1BA$1,049

Best Value Apartments for Rent in Roanoke, VA

As of September 12, 2025 the best value apartment in the Roanoke area is the $0.96 price per square foot 3BR/2BA Model at Peters Creek Apartments - Tax Credit in the in the Monterey neighborhood starting from $1,267. The second greatest value Roanoke apartment is the 812 Marshall Ave SW Model at 812 Marshall Ave SW, Unit Apartment B starting at $1,300 with a $1.08 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.
Peters Creek Apartments - Tax Credit3BR/2BA3BR,2BA$0.96
812 Marshall Ave SW, Unit Apartment B812 Marshall Ave SW2BR,1BA$1.08
Blue Ridge Village Apartments2/1.5 50% AMI2BR,1.5BA$0.94
1801 Grandin Road Southwest1801 Grandin Road Southwest - 18032BR,1.5BA$1.27
Oak Grove Village Apartments- Close to Lew...2BR/1.5BA2BR,1.5BA$1.07
West Creek Manor2 Bedroom2BR,1BA$1.07
Countryside Estates2 Bedroom x 1 Bathroom Classic Floor Plan2BR,1BA$1.15
The Riverwalk at Salem2 Bedroom, 1.5 Bath2BR,1.5BA$1.28
Gardens At Grandin - II1BR/1.0BA1BR,1BA$1.19
Flats at Glade Creek2X12BR,1BA$1.29

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Roanoke, VA
Population: 99,920

Ranked #312

in US Census Population by City

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Pet Friendly Lifestyle
Roanoke, VA

Ranked #30

Among cities in Virginia for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Best Local Schools in
Roanoke, VA

School data provided by Great Schools

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

Explore Roanoke, VA Rentals by Map

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See the most popular apartments and homes in Roanoke, VA

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Frequently Asked Questions about Roanoke

What type of rentals are currently available in Roanoke?

There are currently 378 Apartments for Rent in Roanoke, VA with pricing that ranges from $660 to $3,561. There are also 99 Single Family Homes for rent, Condos, and Townhome rentals currently available in Roanoke ranging from $595 to $3,000.

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 $595 to $3,000 with an average monthly rent of $1,426.

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 $950 to $3,561, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,060 to $2,890. Four Bedroom Single-Family rentals are also available starting from $1,495 and Four Bedroom Apartments start at $1,550.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.