Last updated
Average Rent in Roanoke 24018 & Rent Trends
Rent prices and market trends across 3 apartment communities in Roanoke 24018, Roanoke, VA. Updated daily.
Market Average
$1,490/mo
Lowest Available
$1,188/mo
cheapest unit on market
Communities
3
tracked daily
Units Listed
23
available now
Price Cuts This Week in Roanoke 24018
9 listed units across 3 buildings in Roanoke 24018 dropped their asking rent in the past 7 days, an average cut of $34/mo. These are the largest cuts, tracked unit by unit with daily price checks.
| Apartment | Unit | Last Week | Now | Cut |
|---|---|---|---|---|
| Honeywood Apartment Homes | Unit 3112A, 1 Bedroom | $1,402 | $1,352 | $50 |
| Honeywood Apartment Homes | Unit 3115C, 1 Bedroom | $1,402 | $1,352 | $50 |
| Pebble Creek Apartments | Unit 3310B, The Mallard | $1,521 | $1,471 | $50 |
| Pebble Creek Apartments | Unit 3326A, The Mallard | $1,476 | $1,426 | $50 |
| Honeywood Apartment Homes | Unit 39235 | $1,510 | $1,476 | $34 |
| Honeywood Apartment Homes | Unit 3101B, 2 Bedroom | $1,459 | $1,438 | $21 |
| Honeywood Apartment Homes | Unit 3127F, 2 Bedroom | $1,549 | $1,528 | $21 |
| Sunscape Apartments | Unit 2 | $1,914 | $1,894 | $20 |
Roanoke 24018 vs Roanoke, VA Average
Roanoke 24018 is cheaper than the Roanoke, VA average by $7/mo (0%). The citywide average is $1,497/mo across all neighborhoods.
Is Rent Going Up or Down in Roanoke 24018?
As of August 2026, the average rent in Roanoke 24018 is $1,490 per month across 3 apartment communities and 23 available units.
The most affordable option is Pebble Creek Apartments starting at $1,188/mo. By unit type, a 1-bedroom averages $1,344/mo, a 2-bedroom averages $1,519/mo, a 3-bedroom averages $1,788/mo.
Prices range from $1,188 to $1,945 per month. The most common price point is the $1,400 range, where 11 units are currently listed.
Average Rent by Bedroom
Rent Price Distribution
Rent by Bedroom Type in Roanoke 24018
Rent Prices by Apartment in Roanoke 24018
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| Pebble Creek Apartments | $1,188/mo | $1,509/mo | 13 | 3.9 |
| Honeywood Apartment Homes | $1,277/mo | $1,406/mo | 8 | 4 |
| Sunscape Apartments | $1,511/mo | $1,703/mo | 2 | 4.6 |
Frequently Asked Questions About Rent in Roanoke 24018
What is the average rent in Roanoke 24018?
Is rent going up or down in Roanoke 24018?
What is the cheapest apartment in Roanoke 24018?
How much is a 1-bedroom apartment in Roanoke 24018?
How many apartments are available in Roanoke 24018?
What salary do I need to live comfortably in Roanoke 24018?
Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.
Minimum to afford average rent
$60,000/year
Based on the 30 percent rule, using our tracked average rent of $1,490/mo.
Comfortable income
$72,000/year
Based on the 25 percent rule, leaving more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($1,188/mo), you need to earn at least $48,000/year.
Median household income in Roanoke 24018 is $52,671 , about 26% below the comfortable-living threshold.
Cost of living in Roanoke 24018
Overall prices in Roanoke 24018 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 24018's regional price parities.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $1,490 |
| Utilities | $291 |
| Groceries | $524 |
| Transportation | $693 |
| Healthcare | $338 |
| Other goods and services | $541 |
| Estimated total | $3,877/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.
Google Search Trends for Roanoke 24018 Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
Explore Roanoke 24018 Apartments
Browse all 3 communities with daily-updated pricing and availability.