
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

356 Walnut Ave SW

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

Day Ave Historic Properties

Abbingdon of Old Southwest

3rd,SW,1401

Mountain Avenue Apartments

Mountain Manor

One Elm Place

Jefferson Clark Apartments
Cash 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.
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 Studio Apartments | $850 | $850 | $850 |
| Old Southwest 1 Bedroom Apartments | $1,467 | $800 | $1,738 |
| Old Southwest 2 Bedroom Apartments | $1,708 | $1,100 | $2,244 |
| Old Southwest 3 Bedroom Apartments | $2,229 | $2,144 | $2,314 |
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. 701 3rd Street has the second lowest priced unit, which is a 2 Beds apartment currently listed from $1,249. 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 |
| 701 3rd Street | 2x1 | 2BR,1BA | $1,249 |
| 356 Walnut Ave SW | 1 Beds, 1 Baths | 1BR,1BA | $1,300 |
Best Value Apartments for Rent in Old Southwest, VA
As of June 20, 2026 the best value apartment in the Old Southwest area is the $1.53 price per square foot 1 Beds, 1 Baths Model at 356 Walnut Ave SW in the in the Gilmer neighborhood starting from $1,300. The second greatest value Old Southwest apartment is the 1 Bed 1 Bath Model at 1222-1224 Maple Ave SW starting at $895 with a $1.79 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. |
|---|---|---|---|
| 356 Walnut Ave SW | 1 Beds, 1 Baths | 1BR,1BA | $1.53 |
| 1222-1224 Maple Ave SW | 1 Bed 1 Bath | 1BR,1BA | $1.79 |
Frequently Asked Questions about Cheap Old Southwest Apartments
How much is rent for a Cheap One Bedroom Old Southwest Apartment?
The lowest price for a Cheap One Bedroom Old Southwest Apartment is $895 at 1222-1224 Maple Ave SW.
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

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.

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.