
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
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.

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
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.

1142 2nd St SW

356 Walnut Ave SW

Abbingdon of Old Southwest

Briskwood Apartments

Mountain Avenue Apartments

Mountain Manor

One Elm Place

Jefferson Clark Apartments
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.
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 | $1,386 | $895 | $1,626 |
| Old Southwest 2 Bedroom Apartments | $1,525 | $1,023 | $1,812 |
| Old Southwest 3 Bedroom Apartments | $1,951 | $1,500 | $2,415 |
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 |
| Century Bridges | Sydney (The Woods) | 1BR,1BA | $1,461 |
Best Value Apartments for Rent in Old Southwest, VA
As of March 22, 2026 the best value apartment in the Old Southwest area is the $1.15 price per square foot 857 Marshall Ave SW Model at 857 Marshall Ave SW, Unit #A in the in the Gilmer neighborhood starting from $1,375. The second greatest value Old Southwest apartment is the 908 Franklin Rd SW Model at 908 Franklin Rd SW, Unit 2 starting at $1,500 with a $1.36 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. |
|---|---|---|---|
| 857 Marshall Ave SW, Unit #A | 857 Marshall Ave SW | 2BR,1BA | $1.15 |
| 908 Franklin Rd SW, Unit 2 | 908 Franklin Rd SW | 3BR,1BA | $1.36 |
| Century Bridges | Sydney (The Woods) | 1BR,1BA | $2.44 |
| 1222-1224 Maple Ave SW | 1 Bed 1 Bath | 1BR,1BA | $1.79 |
Frequently Asked Questions about Cheap Old Southwest Apartments
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
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

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.

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.