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Rental Market Trends in Boones Mill, VA

What is the average rent in Boones Mill, VA?

$695/month

Average Rent

600 Sq Ft

Average Apartment Size

+1.2%

Increase in the Last Year

As of November 2025, the average rent in Boones Mill, VA is $695 per month. This is 57% lower than the national average rent of $1,630/month, making renting in Boones Mill more affordable than most cities in the US. When you rent an apartment in Boones Mill, you can expect to pay about per month for a studio, $695 for a one-bedroom apartment, and around $870 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay or more.

Floor Plan Type
Average Rent
Average Sq Ft
One Bedroom
$695/month
600 Sq Ft
Two Bedroom
$870/month
950 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft

How much has average rent changed in Boones Mill, VA?

In the past year, rent has increased by 1.2%, which averages out to $9 more per month.

Market Trends Over Time   The chart below compares average rent prices to the previous year during the same time period.
Last Updated November 2025
Legend
2024 2025
Market Trends Over Time
Rent Ranges in Boones Mill, VA
Last Updated November 2025
$700 - $1,000
Most rental prices fall within this range
Rent Ranges in Boones Mill, VA
Percentage*
Rent Range
0% Below $700/month
100% $700 - $1,000/month
0% $1,001 - $1,500/month
0% $1,501 - $2,000/month
0% Above $2,000/month

What salary do I need to live comfortably in Boones Mill, VA?

Because the average rent in Boones Mill is $695, you’ll want to make about $2,316 per month or $27,792 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.

City

Boones Mill, VA

1 Available Apartments for Rent

Search for Nearby Apartments

How does Boones Mill, VA compare to other nearby cities and neighborhoods?

Use the tool below to compare Boones Mill, VA to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.

Apartment Averages

Nearby City Rent Trends

  • Rocky Mount Average Rent
  • Roanoke Average Rent

Apartment communities in Boones Mill we think you'll love

5765 Bethlehem Rd

5765 Bethlehem Rd

5765 Bethlehem Rd,
Boones Mill, VA 24065

$1,200

2 Beds

Windy Hill Key

Windy Hill Key

5400 Bernard Dr,
Roanoke, VA 24018

$1,261 - $1,750

1-3 Beds

Bent Tree

Bent Tree

3464 Colonial Ave SW,
Roanoke, VA 24018

$1,460 - $1,815

2-3 Beds

Pebble Creek

Pebble Creek

3345 Circle Brook Dr SW,
Roanoke, VA 24018

$1,087 - $3,999

1-3 Beds

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United States Virginia Boones Mill Rental Trends

Methodology

† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.

Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.

Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in November 2025.

* Percentages may not total 100 due to rounding.

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Equal Housing Opportunity