Cheap Apartments for Rent in the Old Southwest Neighborhood of Roanoke, VA from $500 (24 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Old Southwest area of Roanoke.

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1223 Third St
2 Bedroom Apartments

1223 Third St

1223 Third StRoanoke, VA 24016
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Mountain Manor
1 to 2 Bedroom Apartments

Mountain Manor

201 Mountain Ave SWRoanoke, VA 24016

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.

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1014 3rd St SW
1 to 2 Bedroom Apartments

1014 3rd St SW

1014 3rd St SWRoanoke, VA 24016
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One Elm Place
Studio Apartments

One Elm Place

720-722 1st St SWRoanoke, VA 24016
  • Utilities Included

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.

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1142 2nd St SW
Studio Apartments

1142 2nd St SW

1142 2nd St SWRoanoke, VA 24016
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805 3rd St
1 to 2 Bedroom Apartments

805 3rd St

805 3rd StRoanoke, VA 24016
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Elm Estates
1 to 2 Bedroom Apartments

Elm Estates

378 Elm AveRoanoke, VA 24016

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

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 3rd,SW,1401 priced from $950. 701 3rd Street has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,149. Here are the most affordable Old Southwest apartments for rent in Roanoke, VA:

Apartment ListingModel NameBed/BathPriced From
3rd,SW,14011BR/1.0BA1BR,1BA$950
701 3rd Street1x11BR,1BA$1,149
Century BridgesMontreal ( The Whitmore)1BR,1BA$1,257

Best Value Apartments for Rent in Old Southwest, VA

As of October 29, 2025 the best value apartment in the Old Southwest area is the $1.57 price per square foot 1BR/1.0BA Model at 3rd,SW,1401 in the in the Gilmer neighborhood starting from $950. The second greatest value Old Southwest apartment is the Montreal ( The Whitmore) Model at Century Bridges starting at $1,259 with a $2.50 price per square foot in the Southern Hills neighborhood. Here is today’s list of the best values for Old Southwest apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
3rd,SW,14011BR/1.0BA1BR,1BA$1.57
Century BridgesMontreal ( The Whitmore)1BR,1BA$2.50

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

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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.

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The 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.

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Quick 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.

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Pet Friendly Lifestyle
Old Southwest, Roanoke, VA

Ranked #21

Among cities in Virginia for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Getting Around the Old Southwest Neighborhood in Roanoke, VA

Walk Score®

73 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

76 / 100

Very Bikeable

Biking is convenient for most trips

Transit Score®

45 / 100

Some Transit

A few nearby public transportation options

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 $950 at 3rd,SW,1401.

What is the lowest price for a Cheap Two Bedroom Old Southwest Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Old Southwest is starting from $1,249 at 701 3rd Street.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.