Last updated
Average Rent in Roanoke, VA & Rent Trends
Rent prices and market trends across 11 apartment communities in Roanoke, VA. Updated daily.
Market Average
$1,515/mo
▼ 12.7% from last month
Lowest Available
$916/mo
cheapest unit on market
Communities
11
tracked daily
Units Listed
86
available now
Price Cuts This Week in Roanoke, VA
13 listed units across 2 buildings in Roanoke, VA dropped their asking rent in the past 7 days, an average cut of $69/mo. These are the largest cuts, tracked unit by unit with daily price checks.
| Apartment | Unit | Last Week | Now | Cut |
|---|---|---|---|---|
| Century Bridges | Unit 2332, Los Angeles | $2,136 | $1,899 | $237 |
| Century Bridges | Unit 2323, Milan | $1,488 | $1,389 | $99 |
| Century Bridges | Unit 0513, Atlanta | $2,216 | $2,139 | $77 |
| The View at Blue Ridge Commons | Unit B-305, Everest | $1,499 | $1,435 | $64 |
| The View at Blue Ridge Commons | Unit A-403, Denali | $1,483 | $1,425 | $58 |
| The View at Blue Ridge Commons | Unit A-810, Denali | $1,633 | $1,575 | $58 |
| The View at Blue Ridge Commons | Unit B-502, Everest | $1,493 | $1,435 | $58 |
| The View at Blue Ridge Commons | Unit A-205, Denali | $1,515 | $1,463 | $52 |
Rent by Neighborhood in Roanoke, VA
Compare average rent across Roanoke, VA neighborhoods. Click any area to see detailed trends.
| Neighborhood | Avg Rent | From | Properties | Units |
|---|---|---|---|---|
| Roanoke 24016 | $1,629 | $1,225 | 2 | 29 |
| Roanoke 24018 | $1,516 | $1,242 | 3 | 22 |
| Roanoke 24017 | $1,451 | $916 | 5 | 31 |
| Downtown Roanoke | $1,191 | $1,040 | 1 | 4 |
Is Rent Going Up or Down in Roanoke, VA?
As of July 2026, the average rent in Roanoke, VA is $1,515 per month across 11 apartment communities and 86 available units. Rents have decreased $204 (12.7%) over the past month.
The most affordable option is The Cove at Peter's Creek starting at $916/mo. By unit type, a studio averages $1,340/mo, a 1-bedroom averages $1,411/mo, a 2-bedroom averages $1,609/mo, a 3-bedroom averages $1,875/mo.
Prices range from $916 to $2,238 per month. The most common price point is the $1,400 range, where 35 units are currently listed.
Roanoke, VA Rent Price History
Average Rent by Bedroom
Rent Price Distribution
Rent by Bedroom Type in Roanoke, VA
Rent Prices by Apartment in Roanoke, VA
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| The Cove at Peter's Creek | $916/mo | $916/mo | 1 | 3.6 |
| Allegheny Partners | $1,040/mo | $1,191/mo | 4 | 3.1 |
| Sterlingwood | $1,085/mo | $1,233/mo | 8 | 4.1 |
| Westwind Apartment Homes | $1,199/mo | $1,375/mo | 5 | 4.2 |
| Countryside Estates | $1,199/mo | $1,312/mo | 2 | 4.4 |
| Cotton Mill Lofts | $1,225/mo | $1,499/mo | 9 | 4 |
| Pebble Creek Apartments | $1,242/mo | $1,515/mo | 13 | 3.9 |
Google Search Trends for Roanoke, VA Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
Frequently Asked Questions About Rent in Roanoke, VA
What is the average rent in Roanoke, VA?
Is rent going up or down in Roanoke, VA?
What is the cheapest apartment in Roanoke, VA?
How much is a 1-bedroom apartment in Roanoke, VA?
How many apartments are available in Roanoke, VA?
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.
Explore Roanoke, VA Apartments
Browse all 11 communities with daily-updated pricing and availability.