Cheap Homes for Rent in the Loudon Melrose Neighborhood of Roanoke, VA from $500 (8 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 the Loudon Melrose area of Roanoke.

property at 110 Campbell Ave SE

$595 - $1,600

Total Monthly Price

Total Monthly Price

Base Rent
$595

Total Monthly Price
$595

Studio To 2 Bedroom Rentals

Available Now

110 Campbell Ave SE

RoanokeVA24011
property at 202 Elm Ave

$775

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$775

Total Monthly Price
$775

1 Bedroom, 1 Bath Home for Rent

Available Now

202 Elm Ave

RoanokeVA24016
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

Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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 420 Albemarle Ave SW

$950

Total Monthly Price

Total Monthly Price

Base Rent
$950

Total Monthly Price
$950

2 Bedroom, 1 Bath Home for Rent

Available Now

420 Albemarle Ave SW

RoanokeVA24016
property at 4111 Maine 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

4111 Maine Ave NW

RoanokeVA24017
property at 416 Hanover 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

416 Hanover Ave NW

RoanokeVA24016

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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 1 Bed unit found at 1624 SW Chapman Ave priced from $799. Liberty Pines has the second lowest priced unit, which is a 1 Bed apartment currently listed from $815. Here are the most affordable Loudon Melrose apartments for rent in Roanoke, VA:

Apartment ListingModel NameBed/BathPriced From
1624 SW Chapman Ave1 Beds, 1 Baths1BR,1BA$799
Liberty Pines1 Beds, 1 Baths1BR,1BA$815
120 Avendale Ave NE1 Beds, 1 Baths1BR,1BA$855

Best Value Apartments for Rent in Loudon Melrose, VA

As of July 27, 2026 the best value apartment in the Loudon Melrose area is the $0.91 price per square foot 2/1.5 40% AMI Model at Blue Ridge Village Apartments in the in the Gilmer neighborhood starting from $1,015. The second greatest value Loudon Melrose apartment is the 2 Beds, 1.5 Baths Model at Bridgeway Gardens starting at $1,035 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.
Blue Ridge Village Apartments2/1.5 40% AMI2BR,1.5BA$0.91
Bridgeway Gardens2 Beds, 1.5 Baths2BR,1.5BA$0.94
1801 Grandin Road Southwest1801 Grandin Road Southwest - 2016...2BR,1.5BA$1.18
917 Campbell Ave SW, Unit A917 Campbell Ave SW2BR,1BA$1.35
Gardens At Grandin - II1BR/1.0BA1BR,1BA$1.24
426 Walnut Ave SE, Unit Unit D426 Walnut Ave SE2BR,1BA$1.40
Brandon West2 Beds, 1 Baths2BR,1BA$1.28
120 Avendale Ave NE1 Beds, 1 Baths1BR,1BA$1.22
631 Campbell Ave LLC - Residential1BR/1.0BA1BR,1BA$1.47
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.

Read Article
Decorative image

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
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

Frequently Asked Questions about Loudon Melrose

What type of rentals are currently available in Loudon Melrose?

There are currently 249 Apartments for Rent in Loudon Melrose, VA with pricing that ranges from $671 to $2,595. There are also 41 Single Family Homes for rent, Condos, and Townhome rentals currently available in Loudon Melrose ranging from $595 to $2,450.

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 $2,450 with an average monthly rent of $1,433.

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 $1,095 to $2,314, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,395 to $1,743. Four Bedroom Single-Family rentals are also available starting from $1,652 and Four Bedroom Apartments start at $1,805.

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 Rent According to Income: A Look at Income-Restricted Rentals   article

Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

decorative image for Renters Insurance 101: What It Is, What It Covers, and Why You Need It article

Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

decorative image for Apartment Occupancy Rates: Renter Attraction vs Renter Retention   article

Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

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.