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Rental Market Trends in Roanoke, VA

What is the average rent in Roanoke, VA?

$1,113/month

Average Rent

668 Sq Ft

Average Apartment Size

+2.3%

Increase in the Last Year

As of April 2026, the average rent in Roanoke, VA is $1,113 per month. This is 32% lower than the national average rent of $1,641/month, making renting in Roanoke more affordable than most cities in the US. When you rent an apartment in Roanoke, you can expect to pay about $803 per month for a studio, $1,113 for a one-bedroom apartment, and around $1,321 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,668 or more.

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$803/month
330 Sq Ft
One Bedroom
$1,113/month
668 Sq Ft
Two Bedroom
$1,321/month
946 Sq Ft
Three Bedroom
$1,668/month
1,250 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
One Bedroom
$1,039/month
526 Sq Ft
Two Bedroom
$1,486/month
844 Sq Ft
Three Bedroom
$1,604/month
874 Sq Ft
Four Bedroom
$2,742/month
1,901 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
One Bedroom
$1,169/month
750 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Two Bedroom
$1,382/month
803 Sq Ft

How much has average rent changed in Roanoke, VA?

In the past year, rent has increased by 2.3%, which averages out to $26 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 April 2026
Legend
2025 2026
Market Trends Over Time
Rent Ranges in Roanoke, VA
Last Updated April 2026
$1,001 - $1,500
Most rental prices fall within this range
Rent Ranges in Roanoke, VA
Percentage*
Rent Range
22% Below $700/month
30% $700 - $1,000/month
39% $1,001 - $1,500/month
10% $1,501 - $2,000/month
0% Above $2,000/month

Rent by Neighborhood

Last Updated Today
  • Most Affordable
  • Most Expensive
  • Most Available

What are the most affordable neighborhoods in Roanoke?

Based on current rent prices, Hollins, Williamson Road and Downtown Roanoke City are the most affordable neighborhoods in Roanoke.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Hollins
$1,023/month
654 Sq Ft
Williamson Road
$1,032/month
518 Sq Ft
Downtown Roanoke City
$1,205/month
688 Sq Ft
City Market Historic District
$1,245/month
712 Sq Ft
Belmont
$1,253/month
652 Sq Ft
Miller Court-Arrowood
$1,278/month
677 Sq Ft
Colonial Avenue Area
$1,303/month
752 Sq Ft
Cave Spring
$1,400/month
784 Sq Ft
South Jefferson
$1,506/month
539 Sq Ft
Walnut Hill
$1,565/month
543 Sq Ft

What are the most expensive neighborhoods in Roanoke?

Based on current rent prices, Brattonlawn, Mecca Gardens and Walnut Hill are the most expensive neighborhoods in Roanoke.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Brattonlawn
$1,865/month
752 Sq Ft
Mecca Gardens
$1,737/month
773 Sq Ft
Walnut Hill
$1,565/month
543 Sq Ft
South Jefferson
$1,506/month
539 Sq Ft
Cave Spring
$1,400/month
784 Sq Ft
Colonial Avenue Area
$1,303/month
752 Sq Ft
Miller Court-Arrowood
$1,278/month
677 Sq Ft
Belmont
$1,253/month
652 Sq Ft
City Market Historic District
$1,245/month
712 Sq Ft
Downtown Roanoke City
$1,205/month
688 Sq Ft

Which Roanoke neighborhoods have the most rentals available?

The neighborhoods in Roanoke with the most apartments available are Cave Spring, South Jefferson and Mecca Gardens .

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Cave Spring
$1,400/month
784 Sq Ft
South Jefferson
$1,506/month
539 Sq Ft
Mecca Gardens
$1,737/month
773 Sq Ft
Walnut Hill
$1,565/month
543 Sq Ft
Miller Court-Arrowood
$1,278/month
677 Sq Ft
Hollins
$1,023/month
654 Sq Ft
Downtown Roanoke City
$1,205/month
688 Sq Ft
City Market Historic District
$1,245/month
712 Sq Ft
Brattonlawn
$1,865/month
752 Sq Ft
Colonial Avenue Area
$1,303/month
752 Sq Ft
This information is based on data collected by CoStar Group researchers.†

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

Because the average rent in Roanoke is $1,113, you’ll want to make about $3,710 per month or $44,520 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.

Cost of Living

The cost of living in Roanoke, VA is 7.6% lower than the national average. Generally, housing in Roanoke is 22.2% less expensive than the national average, with rent falling between $803 - $1,668. You can expect to pay 2.6% less for groceries, 12.8% more for utilities, and 4.9% less for transportation.

City

Roanoke, VA

907 Available Apartments for Rent

Search for Nearby Apartments

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

Use the tool below to compare Roanoke, 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.

Explore the Area Guide for Roanoke, VA

Apartment Averages

Hollins

Roanoke, VA

Brattonlawn

Roanoke, VA

Studio
-
-
One Bedroom
$1,213/month
-
Two Bedroom
$1,373/month
-
Three Bedroom
$1,623/month
-
Search
Search

Nearby City Rent Trends

  • Daleville Average Rent

Apartment communities in Roanoke we think you'll love

Glade Creek (I)

Glade Creek (I)

3343 GLADE CREEK Blvd NE,
ROANOKE, VA 24012

$1,395 - $3,630 Total Monthly Price

1-3 Beds

The Heights at Gateway Park

The Heights at Gateway Park

601 Orange Ave NE,
Roanoke, VA 24016

$999 - $1,499 Total Monthly Price

1-2 Beds | 12 Month Lease

The View at Blue Ridge Commons

The View at Blue Ridge Commons

2801 Hersberger Rd NW,
Roanoke, VA 24017

$1,473 - $2,188 Plus Fees

1-3 Beds | 12 Month Lease

Valleydale Apartments

Valleydale Apartments

928 Ohio Ave,
Salem, VA 24153

$1,486 - $2,734 Total Monthly Price

Studio - 3 Beds

Property Management Companies in Roanoke, VA

Greenbrier Management
Greenbrier Management
  • 33

    Communities

  • 4,092

    Units

  • 14

    Cities

11 Communities in Roanoke
The Caton Companies
The Caton Companies
  • 11

    Communities

  • 2,681

    Units

  • 7

    Cities

5 Communities in Roanoke
R. Fralin & Associates
R. Fralin & Associates
  • 13

    Communities

  • 1,115

    Units

  • 7

    Cities

5 Communities in Roanoke
Solomon Organization
Solomon Organization
  • 62

    Communities

  • 23,231

    Units

  • 48

    Cities

3 Communities in Roanoke
Beacon Property Management
Beacon Property Management
  • 33

    Communities

  • 8,180

    Units

  • 22

    Cities

3 Communities in Roanoke
Four Mile Capital
Four Mile Capital
  • 12

    Communities

  • 2,244

    Units

  • 11

    Cities

2 Communities in Roanoke
Willow Bridge
Willow Bridge
  • 717

    Communities

  • 198,510

    Units

  • 340

    Cities

1 Community in Roanoke
Pegasus Residential
Pegasus Residential
  • 195

    Communities

  • 47,775

    Units

  • 110

    Cities

1 Community in Roanoke

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United States Virginia Roanoke 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 February 2026.

Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.

* Percentages may not total 100 due to rounding.

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Equal Housing Opportunity

© 2026 CoStar Group, Inc.

Equal Housing Opportunity