Cheap Homes for Rent in Loudon Melrose Neighborhood of Roanoke, VA from $500 (16 Rentals)

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Search the lowest-cost Homes available for rent right now in the Loudon Melrose area of Roanoke.

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.

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.

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.

Loudon Melrose, Roanoke, VA Local Guide

Cheapest Available Loudon Melrose Apartments for Rent

 

The cheapest available apartment rental in the Loudon Melrose area of Roanoke, VA is a 2 Beds unit found at The Cove Apartments priced from $913. 3rd,SW,1401 has the second lowest priced unit, which is a 1 Bed apartment currently listed from $950. Here are the most affordable Loudon Melrose apartments for rent in Roanoke, VA:

Apartment ListingModel NameBed/BathPriced From
The Cove Apartments2x12BR,1BA$913
3rd,SW,14011BR/1.0BA1BR,1BA$950
Gardens At Grandin - II1BR/1.0BA1BR,1BA$995
WestWind Apartment Homes1 bedroom1BR,1BA$999
Blue Ridge Village Apartments2/1.5 50% AMI2BR,1BA$1,045

Best Value Apartments for Rent in Loudon Melrose, VA

As of October 27, 2025 the best value apartment in the Loudon Melrose area is the $1.39 price per square foot 4 Bedroom - w/Garage Reno Model at 733 West in the in the Gilmer neighborhood starting from $1,899. The second greatest value Loudon Melrose apartment is the 2/1.5 50% AMI Model at Blue Ridge Village Apartments starting at $1,045 with a $0.94 price per square foot in the Gilmer neighborhood. Here is today’s list of the best values for Loudon Melrose apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
733 West4 Bedroom - w/Garage Reno4BR,2BA$1.39
Blue Ridge Village Apartments2/1.5 50% AMI2BR,1.5BA$0.94
1801 Grandin Road Southwest1801 Grandin Road Southwest - 18012BR,1.5BA$1.14
West Creek Manor3 Bedroom3BR,1BA$1.33
Langdon Square2x22BR,2BA$1.55
Gardens At Grandin - II1BR/1.0BA1BR,1BA$1.11
Woodland Park1BR/1.0BA1BR,1BA$1.55
The Cove Apartments2x12BR,1BA$1.14
WestWind Apartment Homes1 bedroom1BR,1BA$1.33
3rd,SW,14011BR/1.0BA1BR,1BA$1.57

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

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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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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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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.

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Pet Friendly Lifestyle
Loudon Melrose, Roanoke, VA

Ranked #16

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

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

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Frequently Asked Questions about Loudon Melrose

What type of rentals are currently available in Loudon Melrose?

There are currently 223 Apartments for Rent in Loudon Melrose, VA with pricing that ranges from $696 to $2,545. There are also 53 Single Family Homes for rent, Condos, and Townhome rentals currently available in Loudon Melrose ranging from $595 to $2,500.

What is the current price range for Rental Homes in Loudon Melrose?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Loudon Melrose ranges from $595 to $2,500 with an average monthly rent of $1,334.

How much are larger Three and Four Bedroom Rentals in Loudon Melrose?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Loudon Melrose range from $1,050 to $2,545, while Three Bedroom Homes, Condos, and Townhomes for rent range from $900 to $2,200. Four Bedroom Single-Family rentals are also available starting from $1,350 and Four Bedroom Apartments start at $1,775.

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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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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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.