Last updated
Average Rent in Downtown Roanoke & Rent Trends
Rent prices and market trends across 1 apartment community in Downtown Roanoke, Roanoke, VA. Updated daily.
Market Average
$1,191/mo
Lowest Available
$1,040/mo
cheapest unit on market
Communities
1
tracked daily
Units Listed
4
available now
Downtown Roanoke vs Roanoke, VA Average
Downtown Roanoke is cheaper the Roanoke, VA average by $324/mo (21%). The citywide average is $1,515/mo across all neighborhoods.
Is Rent Going Up or Down in Downtown Roanoke?
As of July 2026, the average rent in Downtown Roanoke is $1,191 per month across 1 apartment community and 4 available units.
The most affordable option is Allegheny Partners starting at $1,040/mo. By unit type, a 1-bedroom averages $1,155/mo, a 2-bedroom averages $1,300/mo.
Prices range from $1,040 to $1,325 per month. The most common price point is the $1,000 range, where 2 units are currently listed.
Average Rent by Bedroom
Rent Price Distribution
Rent by Bedroom Type in Downtown Roanoke
Rent Prices by Apartment in Downtown Roanoke
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| Allegheny Partners | $1,040/mo | $1,191/mo | 4 | 3.1 |
Google Search Trends for Downtown Roanoke Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
Frequently Asked Questions About Rent in Downtown Roanoke
What is the average rent in Downtown Roanoke?
Is rent going up or down in Downtown Roanoke?
What is the cheapest apartment in Downtown Roanoke?
How much is a 1-bedroom apartment in Downtown Roanoke?
How many apartments are available in Downtown Roanoke?
What salary do I need to live comfortably in Downtown Roanoke?
Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.
Minimum to afford average rent
$48,000/year
Based on the 30 percent rule, using our tracked average rent of $1,191/mo.
Comfortable income
$57,000/year
Based on the 25 percent rule, leaving more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($1,040/mo), you need to earn at least $42,000/year.
Median household income in Downtown Roanoke is $52,671 , about 8% below the comfortable-living threshold.
Cost of living in Downtown Roanoke
Overall prices in Downtown Roanoke 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 Downtown Roanoke's regional price parities.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $1,191 |
| Utilities | $291 |
| Groceries | $524 |
| Transportation | $693 |
| Healthcare | $338 |
| Other goods and services | $541 |
| Estimated total | $3,578/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 Downtown Roanoke Apartments
Browse all 1 communities with daily-updated pricing and availability.