Last updated
Average Rent in Roanoke 24017 & Rent Trends
Rent prices and market trends across 4 apartment communities in Roanoke 24017, Roanoke, VA. Updated daily.
Market Average
$1,335/mo
▼ 12.9% from last month
Lowest Available
$916/mo
cheapest unit on market
Communities
4
tracked daily
Units Listed
16
available now
Roanoke 24017 vs Roanoke, VA Average
Roanoke 24017 is cheaper the Roanoke, VA average by $180/mo (12%). The citywide average is $1,515/mo across all neighborhoods.
Is Rent Going Up or Down in Roanoke 24017?
As of July 2026, the average rent in Roanoke 24017 is $1,335 per month across 4 apartment communities and 16 available units. Rents have decreased $222 (12.9%) over the past month.
The most affordable option is The Cove at Peter's Creek starting at $916/mo. By unit type, a 1-bedroom averages $1,335/mo.
Prices range from $916 to $1,575 per month. The most common price point is the $1,400 range, where 9 units are currently listed.
Roanoke 24017 Rent Price History
Rent Price Distribution
Rent by Bedroom Type in Roanoke 24017
Rent Prices by Apartment in Roanoke 24017
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| The Cove at Peter's Creek | $916/mo | $916/mo | 1 | 3.6 |
| Sterlingwood | $1,085/mo | $1,173/mo | 5 | 4.1 |
| Westwind Apartment Homes | $1,274/mo | $1,274/mo | 1 | 4.2 |
| The View at Blue Ridge Commons | $1,425/mo | $1,478/mo | 9 | 4.3 |
Google Search Trends for Roanoke 24017 Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
Frequently Asked Questions About Rent in Roanoke 24017
What is the average rent in Roanoke 24017?
Is rent going up or down in Roanoke 24017?
What is the cheapest apartment in Roanoke 24017?
How much is a 1-bedroom apartment in Roanoke 24017?
How many apartments are available in Roanoke 24017?
What salary do I need to live comfortably in Roanoke 24017?
Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.
Minimum to afford average rent
$53,000/year
Based on the 30 percent rule, using our tracked average rent of $1,335/mo.
Comfortable income
$64,000/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 24017 is $52,671 , about 18% below the comfortable-living threshold.
Cost of living in Roanoke 24017
Overall prices in Roanoke 24017 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 24017's regional price parities.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $1,335 |
| Utilities | $291 |
| Groceries | $524 |
| Transportation | $693 |
| Healthcare | $338 |
| Other goods and services | $541 |
| Estimated total | $3,722/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 24017 Apartments
Browse all 4 communities with daily-updated pricing and availability.