
Cheap Apartments for Rent in the Old Southwest Neighborhood of Roanoke, VA from $500 (24 Rentals)
Search the lowest-cost Apartments available for rent right now in the Old Southwest area of Roanoke.


Total Monthly Price
1222-1224 Maple Ave SW

1326 Maple Ave SW

405 Allison Ave SW

349 Albemarle Ave SW

111 Highland Ave SW

1014 3rd St SW

1223 Third St
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.

601 Janette Ave SW

Historic Old SW Quad

502 Allison Ave SW

Allison Ave Apartments

Day Ave Historic Properties

370 Highland Ave SW

805 3rd St

Elm Estates
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.

1142 2nd St SW

356 Walnut Ave SW

Abbingdon of Old Southwest

3rd,SW,1401

Mountain Avenue Apartments

Mountain Manor

One Elm Place

Jefferson Clark Apartments
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.
Old Southwest, Roanoke, VA Local Guide

How much does it cost to rent an apartment in Old Southwest?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Old Southwest 1 Bedroom Apartments | $1,474 | $895 | $1,718 |
| Old Southwest 2 Bedroom Apartments | $1,882 | $1,100 | $2,420 |
| Old Southwest 3 Bedroom Apartments | $2,564 | $2,419 | $2,709 |
Browse Apartments in this Neighborhood
There are currently 24 rentals with your search options within a 2 mile radius of the Old Southwest Neighborhood of Roanoke, VA.
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Cheapest Available Old Southwest Apartments for Rent
 The cheapest available apartment rental in the Old Southwest 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 $1,025. Here are the most affordable Old Southwest 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 | $1,025 |
| 701 3rd Street | 2x1 | 2BR,1BA | $1,249 |
| Century Bridges | Barcelona (The Whitmore) | 2BR,2BA | $1,958 |
Best Value Apartments for Rent in Old Southwest, VA
As of May 06, 2026 the best value apartment in the Old Southwest area is the $2.26 price per square foot Barcelona (The Whitmore) Model at Century Bridges in the in the Southern Hills neighborhood starting from $1,958. The second greatest value Old Southwest apartment is the 1BR/1.0BA Model at 3rd,SW,1401 starting at $1,025 with a $1.69 price per square foot in the Gilmer neighborhood. Here is today’s list of the best values for Old Southwest apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Century Bridges | Barcelona (The Whitmore) | 2BR,2BA | $2.26 |
| 3rd,SW,1401 | 1BR/1.0BA | 1BR,1BA | $1.69 |
| 1222-1224 Maple Ave SW | 1 Bed 1 Bath | 1BR,1BA | $1.79 |
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

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.