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Rental Market Trends in Roanoke, VA

What is the average rent in Roanoke, VA?

$1,116/month

Average Rent

667 Sq Ft

Average Apartment Size

+2.3%

Increase in the Last Year

Roanoke, VA Rental Market Overview

The average rent in Roanoke, VA is $1,116 per month. This is 32% lower than the national average rent of $1,644/month, making renting in Roanoke more affordable than most cities in the US.

  • Studio apartments in Roanoke average $805 per month.
  • One-bedroom apartments in Roanoke average $1,116 per month.
  • Two-bedroom apartments in Roanoke average $1,319 per month.
  • Three-bedroom apartments in Roanoke average $1,644 or more per month.

Data Updated: June, 2026

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$805/month
333 Sq Ft
One Bedroom
$1,116/month
667 Sq Ft
Two Bedroom
$1,319/month
944 Sq Ft
Three Bedroom
$1,644/month
1,250 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
One Bedroom
$1,173/month
454 Sq Ft
Two Bedroom
$1,537/month
697 Sq Ft
Three Bedroom
$1,682/month
1,230 Sq Ft
Four Bedroom
$2,342/month
1,768 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
One Bedroom
$1,155/month
741 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Two Bedroom
$1,463/month
540 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 June 2026
Legend
2025 2026
Market Trends Over Time
Rent Ranges in Roanoke, VA
Last Updated June 2026
$1,001 - $1,500
Most rental prices fall within this range
Rent Ranges in Roanoke, VA
Percentage*
Rent Range
21% Below $700/month
27% $700 - $1,000/month
43% $1,001 - $1,500/month
9% $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, Belmont and Downtown Roanoke City are the most affordable neighborhoods in Roanoke.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Hollins
$1,132/month
661 Sq Ft
Belmont
$1,187/month
693 Sq Ft
Downtown Roanoke City
$1,223/month
723 Sq Ft
Williamson Road
$1,233/month
518 Sq Ft
Colonial Avenue Area
$1,339/month
752 Sq Ft
Miller Court-Arrowood
$1,361/month
717 Sq Ft
Airport
$1,400/month
753 Sq Ft
Cave Spring
$1,452/month
778 Sq Ft
South Jefferson
$1,484/month
593 Sq Ft
Walnut Hill
$1,528/month
600 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
$1,814/month
805 Sq Ft
Mecca Gardens
$1,743/month
803 Sq Ft
Walnut Hill
$1,528/month
600 Sq Ft
South Jefferson
$1,484/month
593 Sq Ft
Cave Spring
$1,452/month
778 Sq Ft
Airport
$1,400/month
753 Sq Ft
Miller Court-Arrowood
$1,361/month
717 Sq Ft
Colonial Avenue Area
$1,339/month
752 Sq Ft
Williamson Road
$1,233/month
518 Sq Ft
Downtown Roanoke City
$1,223/month
723 Sq Ft

Which Roanoke neighborhoods have the most rentals available?

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

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
South Jefferson
$1,484/month
593 Sq Ft
Walnut Hill
$1,528/month
600 Sq Ft
Mecca Gardens
$1,743/month
803 Sq Ft
Miller Court-Arrowood
$1,361/month
717 Sq Ft
Cave Spring
$1,452/month
778 Sq Ft
Hollins
$1,132/month
661 Sq Ft
Brattonlawn
$1,814/month
805 Sq Ft
Airport
$1,400/month
753 Sq Ft
Downtown Roanoke City
$1,223/month
723 Sq Ft
Williamson Road
$1,233/month
518 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 $1,116, you’ll want to make about $3,720 per month or $44,640 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 $805 - $1,644. You can expect to pay 2.6% less for groceries, 12.8% more for utilities, and 4.9% less for transportation.

City

Roanoke, VA

935 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
$1,214/month
-
Two Bedroom
$1,358/month
-
Three Bedroom
$1,632/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

$1,360 - $4,375 Total Monthly Price

1-3 Beds

The View at Blue Ridge Commons

The View at Blue Ridge Commons

2801 Hersberger Rd NW,
Roanoke, VA 24017

$1,463 - $2,334 Total Monthly Price

1-3 Beds | 12 Month Lease

The Heights at Gateway Park

The Heights at Gateway Park

601 Orange Ave NE,
Roanoke, VA 24016

$1,199 - $1,499 Total Monthly Price

1-2 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
  • 32

    Communities

  • 4,142

    Units

  • 15

    Cities

10 Communities in Roanoke
The Caton Companies
The Caton Companies
  • 12

    Communities

  • 2,953

    Units

  • 7

    Cities

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

    Communities

  • 1,111

    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
  • 712

    Communities

  • 196,009

    Units

  • 336

    Cities

1 Community in Roanoke
Pegasus Residential
Pegasus Residential
  • 199

    Communities

  • 49,077

    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 June 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