
Cheap Homes for Rent in the Loudon Melrose Neighborhood of Roanoke, VA from $500 (8 Rentals)
Search the lowest-cost Homes available for rent right now in the Loudon Melrose area of Roanoke.


1416 Moorman Ave NW, Unit D

202 Elm Ave

1624 Chapman Ave SW
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.

2516 Oakland Blvd NW

420 Albemarle Ave SW

4111 Maine Ave NW

416 Hanover Ave NW
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

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 | $1,340 | $950 | $2,000 |
| Loudon Melrose 3 Bedroom Homes for Rent | $1,503 | $1,395 | $1,743 |
| Loudon Melrose 4 Bedroom Homes for Rent | $1,983 | $1,652 | $2,195 |
| Loudon Melrose 6 Bedroom Homes for Rent | $2,036 | $1,623 | $2,450 |
Browse Homes for Rent in this Neighborhood
There are currently 8 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. 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 1624 SW Chapman Ave | 1 Beds, 1 Baths | 1BR,1BA | $799 |
| Liberty Pines | 1 Beds, 1 Baths | 1BR,1BA | $815 |
| 120 Avendale Ave NE | 1 Beds, 1 Baths | 1BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Blue Ridge Village Apartments | 2/1.5 40% AMI | 2BR,1.5BA | $0.91 |
| Bridgeway Gardens | 2 Beds, 1.5 Baths | 2BR,1.5BA | $0.94 |
| 1801 Grandin Road Southwest | 1801 Grandin Road Southwest - 2016... | 2BR,1.5BA | $1.18 |
| 917 Campbell Ave SW, Unit A | 917 Campbell Ave SW | 2BR,1BA | $1.35 |
| Gardens At Grandin - II | 1BR/1.0BA | 1BR,1BA | $1.24 |
| 426 Walnut Ave SE, Unit D | 426 Walnut Ave SE | 2BR,1BA | $1.40 |
| Brandon West | 2 Beds, 1 Baths | 2BR,1BA | $1.28 |
| 120 Avendale Ave NE | 1 Beds, 1 Baths | 1BR,1BA | $1.22 |
| 631 Campbell Ave LLC - Residential | 1BR/1.0BA | 1BR,1BA | $1.47 |
| 1624 SW Chapman Ave | 1 Beds, 1 Baths | 1BR,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 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.
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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 248 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

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.

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.

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.

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.