
Cheap Homes for Rent in Walnut Hill Neighborhood of Roanoke, VA from $700 (11 Rentals)
Search the lowest-cost Homes available for rent right now in the Walnut Hill area of Roanoke.


1624 Chapman Ave SW

821 Salem Ave SW

1138 Highland Ave SE

1604 keswick Ave NE, Unit 1612 Keswick
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.

1304 Fairfax Ave NW, Unit Apt A

717 Orange Ave NW

922 12th St SE

1020 Jamison Ave SE

425 Campbell Ave SW
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.

515 Washington Avenue Southwest, Unit Washington A
Walnut Hill, Roanoke, VA Local Guide

How much does it cost to rent a home in Walnut Hill?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Walnut Hill 2 Bedroom Homes for Rent | $1,425 | $895 | $2,200 |
| Walnut Hill 3 Bedroom Homes for Rent | $1,872 | $1,223 | $2,877 |
| Walnut Hill 4 Bedroom Homes for Rent | $2,188 | $1,750 | $2,627 |
| Walnut Hill 5 Bedroom Homes for Rent | $1,895 | $1,895 | $1,895 |
Browse Homes for Rent in this Neighborhood
There are currently 11 rentals with your search options within a 2 mile radius of the Walnut Hill Neighborhood of Roanoke, VA.
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Walnut Hill, Roanoke, VA Local Guide
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Cheapest Available Walnut Hill Apartments for Rent
 The cheapest available apartment rental in the Walnut Hill area of Roanoke, VA is a 1 Bed unit found at 1624 SW Chapman Ave priced from $799. 1222-1224 Maple Ave SW has the second lowest priced unit, which is a 1 Bed apartment currently listed from $895. Here are the most affordable Walnut Hill apartments for rent in Roanoke, VA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 1624 SW Chapman Ave | 1 Beds, 1 Baths | 1BR,1BA | $799 |
| 1222-1224 Maple Ave SW | 1 Bed 1 Bath | 1BR,1BA | $895 |
| Stone Ridge Apartments | 1BR/1.0BA | 1BR,1BA | $914 |
| Mount Pleasant Villas | 1x1 | 1BR,1BA | $999 |
| The Aurora - Residential | 1BR/1.0BA | 1BR,1BA | $1,150 |
Best Value Apartments for Rent in Walnut Hill, VA
As of June 22, 2026 the best value apartment in the Walnut Hill area is the $1.58 price per square foot 523 Arbutus Ave SE Model at 523 Arbutus Ave SE, Unit 523-B in the in the Southern Hills neighborhood starting from $1,500. The second greatest value Walnut Hill apartment is the 1 Beds, 1 Baths Model at 356 Walnut Ave SW starting at $1,300 with a $1.53 price per square foot in the Gilmer neighborhood. Here is today’s list of the best values for Walnut Hill apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 523 Arbutus Ave SE, Unit 523-B | 523 Arbutus Ave SE | 2BR,2BA | $1.58 |
| 356 Walnut Ave SW | 1 Beds, 1 Baths | 1BR,1BA | $1.53 |
| Flats at Glade Creek | 2X1 | 2BR,1BA | $1.48 |
| Gramercy Row Apartment Residences | 1 Bedroom 1 Bath 113 | 1BR,1BA | $1.69 |
| The Heights at Gateway Park | 1 Bedroom First Floor | 1BR,1BA | $1.73 |
| 1624 SW Chapman Ave | 1 Beds, 1 Baths | 1BR,1BA | $1.23 |
| Stone Ridge Apartments | 1BR/1.0BA | 1BR,1BA | $1.46 |
| Mount Pleasant Villas | 1x1 | 1BR,1BA | $1.98 |
| 1222-1224 Maple Ave SW | 1 Bed 1 Bath | 1BR,1BA | $1.79 |
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.
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
Read ArticleQuick 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.
Pet Friendly LifestyleWalnut Hill, Roanoke, VA
Ranked #37
Among cities in Virginia for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
3.0Pet Friendly
Frequently Asked Questions about Walnut Hill
What type of rentals are currently available in Walnut Hill?
There are currently 197 Apartments for Rent in Walnut Hill, VA with pricing that ranges from $800 to $2,306. There are also 38 Single Family Homes for rent, Condos, and Townhome rentals currently available in Walnut Hill ranging from $750 to $2,877.
What is the current price range for Rental Homes in Walnut Hill?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Walnut Hill ranges from $750 to $2,877 with an average monthly rent of $1,557.
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.