
Cheap Homes for Rent in Loudon Melrose Neighborhood of Roanoke, VA from $400 (7 Rentals)
Search the lowest-cost Homes available for rent right now in the Loudon Melrose area of Roanoke.


425 Campbell Ave SW

10 Church Ave SE
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.

110 Campbell Ave SE

312 13th St SW

1306 Patterson Ave SW
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.

3878 Woodleigh Rd NW
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 | $1,372 | $1,000 | $2,200 |
| Loudon Melrose 3 Bedroom Homes for Rent | $1,594 | $1,195 | $2,200 |
Browse Homes for Rent in this Neighborhood
There are currently 7 rentals with your search options within a 2 mile radius of the Loudon Melrose Neighborhood of Roanoke, VA.
Explore Roanoke
Loudon Melrose, Roanoke, VA Local Guide
- Nearby Roanoke neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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 1222-1224 Maple Ave SW priced from $895. 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 1222-1224 Maple Ave SW | 1 Bed 1 Bath | 1BR,1BA | $895 |
| 3rd,SW,1401 | 1BR/1.0BA | 1BR,1BA | $950 |
| Blue Ridge Village Apartments | 2/1.5 50% AMI | 2BR,1BA | $1,045 |
Best Value Apartments for Rent in Loudon Melrose, VA
As of January 26, 2026 the best value apartment in the Loudon Melrose area is the $1.14 price per square foot 1609 Chapman Ave SW Model at 1609 Chapman Ave SW, Unit B in the in the Gilmer neighborhood starting from $1,595. The second greatest value Loudon Melrose apartment is the 2BR/2.0BA Model at The Everly starting at $1,895 with a $1.44 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 | $1.14 |
| The Everly | 2BR/2.0BA | 2BR,2BA | $1.44 |
| Gardens At Grandin - II | 2BR/1.0BA | 2BR,1BA | $0.96 |
| 733 West | 3 Bedroom Reno | 3BR,2BA | $1.38 |
| WestWind Apartment Homes | 2 bedroom | 2BR,1.5BA | $1.10 |
| Blue Ridge Village Apartments | 2/1.5 50% AMI | 2BR,1.5BA | $0.94 |
| 1801 Grandin Road Southwest | 1801 Grandin Road Southwest - 1803 | 2BR,1.5BA | $1.14 |
| West Creek Manor | 2 Bedroom | 2BR,1BA | $1.07 |
| Langdon Square | 2x2 | 2BR,2BA | $1.55 |
| 1507 Hampton Ave SW | 1507 Hampton Ave SW | 1BR,1BA | $1.29 |
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 ArticleThe 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.
Read ArticleCash 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.
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 225 Apartments for Rent in Loudon Melrose, VA with pricing that ranges from $696 to $2,545. There are also 44 Single Family Homes for rent, Condos, and Townhome rentals currently available in Loudon Melrose ranging from $495 to $2,200.
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 $495 to $2,200 with an average monthly rent of $1,101.
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

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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.