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Average Rent in Roanoke VA & Rent Trends

Rent prices and market trends across 8 apartment communities in Roanoke VA. Updated daily.

Market Average

$1,521/mo

▼ 0.5% from last month

Lowest Available

$995/mo

cheapest unit on market

Communities

8

tracked daily

Units Listed

93

available now

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 24017 $1,641 $1,274 2 16
Roanoke 24016 $1,574 $1,300 2 36
Roanoke 24018 $1,461 $1,171 3 21
Downtown Roanoke $1,393 $995 1 20

Is Rent Going Up or Down in Roanoke VA?

As of May 2026, the average rent in Roanoke VA is $1,521 per month across 8 apartment communities and 93 available units. Rents have decreased $7 (0.5%) over the past month.

The most affordable option is Allegheny Partners starting at $995/mo. By unit type, a 1-bedroom averages $1,414/mo, a 2-bedroom averages $1,769/mo, a 3-bedroom averages $1,836/mo.

Prices range from $995 to $2,300 per month. The most common price point is the $1,400 range, where 45 units are currently listed.

Roanoke VA Rent Price History

Average Rent by Bedroom

Rent Price Distribution

Rent by Bedroom Type in Roanoke VA

1 Bed
$1,414
from $995 · 66 units
2 Bed
$1,769
from $1,416 · 22 units
3 Bed
$1,836
from $1,664 · 5 units

Rent Prices by Apartment in Roanoke VA

Property Starting at Average Units Rating
Allegheny Partners $995/mo $1,393/mo 20 3.1
Pebble Creek Apartments $1,171/mo $1,466/mo 12 3.9
Westwind Apartment Homes $1,274/mo $1,419/mo 4 4.2
Cotton Mill Lofts $1,300/mo $1,617/mo 7 4
Honeywood Apartment Homes $1,327/mo $1,443/mo 8 4
Century Bridges $1,340/mo $1,563/mo 29 4.3
The View at Blue Ridge Commons $1,477/mo $1,714/mo 12 4.3

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?
The average rent in Roanoke VA is $1,521 per month as of May 2026, based on 93 units across 8 apartment communities.
Is rent going up or down in Roanoke VA?
Rent in Roanoke VA has decreased $7 (0.5%) over the past month. The current average is $1,521/mo.
What is the cheapest apartment in Roanoke VA?
The most affordable apartment in Roanoke VA is Allegheny Partners with units starting at $995/mo.
How much is a 1-bedroom apartment in Roanoke VA?
A 1-bedroom apartment in Roanoke VA averages $1,414/mo, with prices starting at $995/mo across 66 available units.
How many apartments are available in Roanoke VA?
There are 93 units available across 8 apartment communities 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

30 percent rule -- using our average rent of $1,521/mo.

Comfortable income

$73,000/year

25 percent rule -- leaves more room for savings, transport, and groceries.

To afford the cheapest tracked apartment ($995/mo), you need to earn at least $40,000/year.

Cost of living in Roanoke VA

We only have live rent data for Roanoke VA so far. The full cost of living breakdown (utilities, groceries, transportation, healthcare) is coming soon.

Category Monthly estimate
Rent (market average) $1,521
Estimated total $1,521/mo

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 are refreshed annually.

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