Cheap Homes for Rent in Old Southwest Neighborhood of Roanoke, VA from $1,200 (3 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

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.

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.

property at 356 Walnut Ave SW

$1,300

Total Monthly Price

Total Monthly Price

Base Rent
$1,300

Total Monthly Price
$1,300

1 Bedroom, 1 Bath Condo for Rent

Available Now

356 Walnut Ave SW

RoanokeVA24016

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 ListingModel NameBed/BathPrice Per Sq.Ft.
Century BridgesBarcelona (The Whitmore)2BR,2BA$2.26
3rd,SW,14011BR/1.0BA1BR,1BA$1.69
1222-1224 Maple Ave SW1 Bed 1 Bath1BR,1BA$1.79

Frequently Asked Questions about Old Southwest

What type of rentals are currently available in Old Southwest?

There are currently 77 Apartments for Rent in Old Southwest, VA with pricing that ranges from $895 to $2,709. There are also 5 Single Family Homes for rent, Condos, and Townhome rentals currently available in Old Southwest ranging from $1,295 to $1,795.

What is the current price range for Rental Homes in Old Southwest?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Old Southwest ranges from $1,295 to $1,795 with an average monthly rent of $1,463.

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

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

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.

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts  article

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.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.