Average Rent in Roanoke, VA
11 apartment buildings, 86 units. Real asking prices, refreshed daily.
Avg Rent
$1,515/mo
market average
Cheapest
$916/mo
The Cove at Peter's Creek
Properties
11
tracked daily
Units
86
available now
Roanoke, VA Resident Access
City Club members share insider gate codes, parking links, and amenity tips.
Analysis
Rent Price Breakdown
Compare pricing across all 11 properties in Roanoke, VA.
Average Rent by Property
Starting Price vs Average
Rent by Bedroom Count
Price per Square Foot
Roanoke, VA Rent Prices
All 11 properties ranked by lowest available rent.
The Cove at Peter's Creek
3826 Panorama Ave NW APT 5, Roanoke, VA 24017, USA
Allegheny Partners
28 Kirk Ave SW, Roanoke, VA 24011, USA
Sterlingwood
2215 Montauk Rd NW, Roanoke, VA 24017, USA
Countryside Estates
2318 Highland Farm Rd NW, Roanoke, VA 24017, USA
Westwind Apartment Homes
3030 Ordway Dr NW, Roanoke, VA 24017, USA
Cotton Mill Lofts
505 6th St SW, Roanoke, VA 24016, USA
Pebble Creek Apartments
3345 Circle Brook Dr Apt C, Roanoke, VA 24018, USA
| # | Property | From | Avg | $/sqft | Rating | Units |
|---|---|---|---|---|---|---|
| 1 | The Cove at Peter's Creek 3826 Panorama Ave NW APT 5, Roanoke, VA 24017, USA | $916 | $916 | -- | 3.6 (26) | 1 |
| 2 | Allegheny Partners 28 Kirk Ave SW, Roanoke, VA 24011, USA | $1,040 | $1,191 | $1.67 | 3.1 (55) | 4 |
| 3 | Sterlingwood 2215 Montauk Rd NW, Roanoke, VA 24017, USA | $1,085 | $1,233 | -- | 4.1 (114) | 8 |
| 4 | Countryside Estates 2318 Highland Farm Rd NW, Roanoke, VA 24017, USA | $1,199 | $1,312 | -- | 4.4 (49) | 2 |
| 5 | Westwind Apartment Homes 3030 Ordway Dr NW, Roanoke, VA 24017, USA | $1,199 | $1,375 | $1.46 | 4.2 (178) | 5 |
| 6 | Cotton Mill Lofts 505 6th St SW, Roanoke, VA 24016, USA | $1,225 | $1,499 | $1.82 | 4 (21) | 9 |
| 7 | Pebble Creek Apartments 3345 Circle Brook Dr Apt C, Roanoke, VA 24018, USA | $1,242 | $1,515 | $1.60 | 3.9 (250) | 13 |
Explore Each Property
The Cove at Peter's Creek
3.6 (26)3826 Panorama Ave NW APT 5, Roanoke, VA 24017, USA
Allegheny Partners
3.1 (55)28 Kirk Ave SW, Roanoke, VA 24011, USA
Sterlingwood
4.1 (114)2215 Montauk Rd NW, Roanoke, VA 24017, USA
Countryside Estates
4.4 (49)2318 Highland Farm Rd NW, Roanoke, VA 24017, USA
Westwind Apartment Homes
4.2 (178)3030 Ordway Dr NW, Roanoke, VA 24017, USA
Cotton Mill Lofts
4 (21)505 6th St SW, Roanoke, VA 24016, USA
Roanoke, VA Average Rent Prices 2026
The average rent in Roanoke, VA is $1,515 per month, based on 86 units across 11 apartment communities. Prices range from $916 at The Cove at Peter's Creek to $1,605 at Sunscape Apartments.
Average Rent by Bedroom Type
| Type | Avg Rent | Starting From | Units |
|---|---|---|---|
| Studio | $1,340/mo | $1,340/mo | 1 |
| 1 Bed | $1,411/mo | $916/mo | 50 |
| 2 Bed | $1,609/mo | $1,199/mo | 27 |
| 3 Bed | $1,875/mo | $1,425/mo | 8 |
Every price is a real asking rent, updated that morning. Request a neighborhood we don't cover and we add it within 24 hours.
Building Economics
How much do Roanoke, VA apartments earn?
The 7 buildings we can estimate generate about $2.0M in rental revenue per month ($24M a year). Estimated from each building's unit-level listing and leasing activity.
| Building | Est. Monthly Revenue | Est. Occupancy | Units |
|---|---|---|---|
| 1.Allegheny Partners | $713K/mo | 99% | 540 |
| 2.Century Bridges | $459K/mo | 94% | 330 |
| 3.Pebble Creek Apartments | $315K/mo | 94% | 234 |
| 4.Honeywood Apartment Homes | $196K/mo | 95% | 144 |
| 5.Cotton Mill Lofts | $169K/mo | 93% | 120 |
Research estimates from listing activity, not operator financials. Click any building for the full revenue breakdown and methodology.
Market Context
Who rents in Roanoke, VA, and what they pay
Tracked one-bedroom rent in Roanoke, VA averages $1,411/mo, with two-bedroom units averaging $1,609/mo. At the local median household income of $52,671, that works out to 35% of gross income, above the 30 percent affordability ceiling, a stretched-budget market.
The U.S. Census Bureau's American Community Survey 2023 release pegged median gross rent in Roanoke, VA at $964/mo. The current tracked market average runs 57% higher than that benchmark, reflecting both two to three years of rent growth and the fact that the Census figure covers all renter-occupied housing in Roanoke, VA while the tracked market average covers units currently listed in larger apartment communities.
What salary do I need to live comfortably in Roanoke, VA?
Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.
Minimum to afford average rent
$61,000/year
Based on the 30 percent rule, using our tracked average rent of $1,515/mo.
Comfortable income
$73,000/year
Based on the 25 percent rule, leaving more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($916/mo), you need to earn at least $37,000/year.
Median household income in Roanoke, VA is $52,671 , about 28% below the comfortable-living threshold.
Cost of living in Roanoke, VA
Overall prices in Roanoke, VA runs below the national average by about 9% (BEA Regional Price Parity index 91.2, where 100 equals the U.S. average). The breakdown below estimates monthly costs for a single adult, using national consumer-spending baselines from the Bureau of Labor Statistics scaled by Roanoke, VA's regional price parities.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $1,515 |
| Utilities | $291 |
| Groceries | $524 |
| Transportation | $693 |
| Healthcare | $338 |
| Other goods and services | $541 |
| Estimated total | $3,902/mo |
Population
98,677
Median household income
$52,671
Census median rent
$964/mo
Rent as % of income
28.8%
Median age
38.0
Mean commute
20 min
Methodology
Rent data
Sourced directly from each tracked apartment community and refreshed every 24 hours. Every listed unit price on this page is real and listed today.
Cost of living
Estimates combine national consumer-spending baselines from the U.S. Bureau of Labor Statistics (Consumer Expenditure Survey) with the U.S. Bureau of Economic Analysis Regional Price Parities (MARPP dataset). Both are peer-reviewed federal data releases published annually.
Salary to live comfortably
Applies the standard 25 to 30 percent rent-to-income rule on top of the listed rent. This is the same affordability guideline used by most landlords and credit-scoring models.
Demographic figures
Median household income, population, median age, commute time, Census median rent, and rent as percentage of income come from the U.S. Census Bureau's American Community Survey 5-year estimates, the most recent complete release.
Cost of living and demographic figures were last published in 2023.
Compare
Nearby cities in Virginia
How Roanoke, VA rent compares to other markets in the state.
| City | Avg Rent | vs Roanoke, VA | Properties |
|---|---|---|---|
| Alexandria, VA | $2,350 | +55% | 88 |
| Arlington, VA | $3,116 | +106% | 18 |
| Virginia Beach, VA | $2,101 | +39% | 15 |
| Norfolk, VA | $2,045 | +35% | 14 |
| Richmond, VA | $2,009 | +33% | 10 |
| Hampton, VA | $1,825 | +20% | 7 |
Frequently asked questions
What is the average rent in Roanoke, VA?
The average rent in Roanoke, VA is $1,515 per month, based on 86 units across 11 apartment buildings tracked by Average Rent. Prices are refreshed daily.
What is the cheapest apartment rent in Roanoke, VA?
The lowest available rent in Roanoke, VA starts at $916 per month. Availability changes daily and prices are refreshed each morning.
How much is a 1-bedroom apartment in Roanoke, VA?
1-bedroom apartments in Roanoke, VA average $1,411/mo. The lowest listed 1-bedroom starts at $916/mo across 50 units tracked.
How much is a 2-bedroom apartment in Roanoke, VA?
2-bedroom apartments in Roanoke, VA average $1,609/mo. Units start from $1,199/mo across 27 units currently listed.
Rent Trends in Roanoke, VA
Track how apartment prices are changing over time.
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