
Cheap Homes for Rent in Loudon Melrose Neighborhood of Roanoke, VA from $700 (14 Rentals)
Search the lowest-cost Homes available for rent right now in the Loudon Melrose area of Roanoke.


1624 Chapman Ave SW

821 Salem Ave SW

717 Orange Ave NW

16 Church Ave SW

2516 Oakland Blvd NW

425 Campbell Ave 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.

401 Washington Avenue Southwest, Unit Washington Ave sw

2803 Burton Ave NW

1423 Burrell St NW

515 Washington Avenue Southwest, Unit Washington A

416 Hanover Ave NW

1129 Forest Park Blvd NW, Unit A

3816 Dakota Ave NW
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.
Loudon Melrose, Roanoke, VA Local Guide

How much does it cost to rent a home in Loudon Melrose?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Loudon Melrose 2 Bedroom Homes for Rent | $1,368 | $900 | $2,350 |
| Loudon Melrose 3 Bedroom Homes for Rent | $1,660 | $1,250 | $2,014 |
| Loudon Melrose 4 Bedroom Homes for Rent | $1,700 | $1,600 | $1,800 |
| Loudon Melrose 5 Bedroom Homes for Rent | $1,895 | $1,895 | $1,895 |
Browse Homes for Rent in this Neighborhood
There are currently 14 rentals with your search options within a 2 mile radius of the Loudon Melrose Neighborhood of Roanoke, VA.
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Loudon Melrose, Roanoke, VA Local Guide
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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. 1222-1224 Maple Ave SW has the second lowest priced unit, which is a 1 Bed apartment currently listed from $895. Here are the most affordable Loudon Melrose apartments for rent in Roanoke, VA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 1624 SW Chapman Ave | 1 Beds, 1 Baths | 1BR,1BA | $799 |
| 1222-1224 Maple Ave SW | 1 Bed 1 Bath | 1BR,1BA | $895 |
| 631 Campbell Ave LLC - Residential | 1BR/1.0BA | 1BR,1BA | $995 |
| 3rd,SW,1401 | 1BR/1.0BA | 1BR,1BA | $1,025 |
| Gardens At Grandin - II | 2BR/1.0BA | 2BR,1BA | $1,125 |
Best Value Apartments for Rent in Loudon Melrose, VA
As of June 12, 2026 the best value apartment in the Loudon Melrose 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 Loudon Melrose apartment is the 2BR/1.0BA Model at Gardens At Grandin - II starting at $1,125 with a $1.07 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 1609 Chapman Ave SW, Unit B | 1609 Chapman Ave SW | 4BR,1BA | $1.10 |
| Gardens At Grandin - II | 2BR/1.0BA | 2BR,1BA | $1.07 |
| West Creek Manor | 2 Bedroom | 2BR,1BA | $1.11 |
| 733 West | 2 Bedroom Reno | 2BR,2BA | $1.53 |
| WESTWIND APARTMENT HOMES | 2 Bedroom Gold without washer dryer hook ups | 2BR,1.5BA | $1.51 |
| 523 Arbutus Ave SE, Unit 523-B | 523 Arbutus Ave SE | 2BR,2BA | $1.58 |
| Langdon Square | 2x2 | 2BR,2BA | $1.55 |
| 356 Walnut Ave SW | 1 Beds, 1 Baths | 1BR,1BA | $1.53 |
| 1624 SW Chapman Ave | 1 Beds, 1 Baths | 1BR,1BA | $1.23 |
| 2730 Forest Hill Ave NW, Unit 2732 Forest Hill | 2730 Forest Hill Ave NW | 1BR,1BA | $1.63 |
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 Loudon Melrose, Roanoke, VA
Addison Aerospace Magnet Middle School
School data provided by Great Schools
Frequently Asked Questions about Loudon Melrose
What type of rentals are currently available in Loudon Melrose?
There are currently 247 Apartments for Rent in Loudon Melrose, VA with pricing that ranges from $696 to $2,334. There are also 38 Single Family Homes for rent, Condos, and Townhome rentals currently available in Loudon Melrose ranging from $750 to $2,350.
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 $750 to $2,350 with an average monthly rent of $1,441.
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 $2,334, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,250 to $2,014. 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.