Last updated
Average Rent in Roanoke, VA & Rent Trends
Rent prices and market trends across 8 apartment communities in Roanoke, VA. Updated daily.
Market Average
$1,414/mo
▲ +1.7% from last month
Lowest Available
$1,095/mo
cheapest unit on market
Communities
8
tracked daily
Units Listed
42
available now
Price Cuts This Week in Roanoke, VA
19 listed units across 3 buildings offering 1 bed units in Roanoke, VA dropped their asking rent in the past 7 days, an average cut of $47/mo. These are the largest cuts, tracked unit by unit with daily price checks.
| Apartment | Unit | Last Week | Now | Cut |
|---|---|---|---|---|
| Century Bridges | Unit 0221, London | $1,714 | $1,653 | $61 |
| Century Bridges | Unit 0222, London | $1,689 | $1,628 | $61 |
| Century Bridges | Unit 0319, London | $1,714 | $1,653 | $61 |
| Century Bridges | Unit 0442, London | $1,689 | $1,628 | $61 |
| Century Bridges | Unit 0518, London | $1,704 | $1,643 | $61 |
| Century Bridges | Unit 0519, London | $1,729 | $1,668 | $61 |
| Century Bridges | Unit 2216, Barcelona | $1,774 | $1,713 | $61 |
| Pebble Creek Apartments | Unit 3324H, The Egret | $1,411 | $1,359 | $52 |
Rent by Neighborhood in Roanoke, VA
Compare average rent across Roanoke, VA neighborhoods. Click any area to see detailed trends. View these neighborhoods on the rent map
| Neighborhood | Avg Rent | 30d Change | From | Properties | Units |
|---|---|---|---|---|---|
| Roanoke 24016 | $1,514 | ▼ $74 | $1,095 | 2 | 27 |
| Roanoke 24017 | $1,497 | ▲ $82 | $1,052 | 5 | 27 |
| Roanoke 24015 | $1,474 | ▲ $5 | $1,156 | 4 | 26 |
Is Rent Going Up or Down in Roanoke, VA?
As of August 2026, the average rent in Roanoke, VA is $1,414 per month across 8 apartment communities and 42 available units. Rents have increased $26 (1.7%) over the past month.
The most affordable option is Cotton Mill Lofts starting at $1,095/mo. By unit type, a 1-bedroom averages $1,414/mo.
Prices range from $1,095 to $1,820 per month. The most common price point is the $1,200 range, where 19 units are currently listed.
Roanoke, VA Rent Price History
View as table
| Month | Avg Rent | Change | Properties |
|---|---|---|---|
| May 2026 | $1,507 | - | 8 |
| June 2026 | $1,461 | -$46 | 8 |
| July 2026 | $1,488 | +$27 | 9 |
| August 2026 | $1,543 | +$55 | 8 |
The trend line and monthly averages track each building's average listed price, recorded daily with outliers trimmed. The current month is a month-to-date figure, so it can sit above or below today's live market average shown at the top of this page.
Rent Price Distribution
Rent by Bedroom Type in Roanoke, VA
Rent Prices by Apartment in Roanoke, VA
| Property | Starting at | Average | Units | Rating |
|---|---|---|---|---|
| Cotton Mill Lofts | $1,095/mo | $1,430/mo | 11 | 4 |
| Pebble Creek Apartments | $1,156/mo | $1,279/mo | 5 | 3.9 |
| Sterlingwood | $1,166/mo | $1,244/mo | 5 | 4.1 |
| Honeywood Apartment Homes | $1,227/mo | $1,281/mo | 4 | 4 |
| Westwind Apartment Homes | $1,274/mo | $1,274/mo | 1 | 4.2 |
| Century Bridges | $1,331/mo | $1,438/mo | 8 | 4.3 |
| Sunscape Apartments | $1,517/mo | $1,517/mo | 1 | 4.6 |
Frequently Asked Questions About Rent in Roanoke, VA
What is the average rent in Roanoke, VA?
Is rent going up or down in Roanoke, VA?
What is the cheapest apartment in Roanoke, VA?
How much is a 1-bedroom apartment in Roanoke, VA?
How many apartments are available in Roanoke, VA?
What salary do I need to live comfortably in Roanoke, VA?
Built on the 25 to 30 percent rent-to-income guideline used by most landlords and credit-scoring models.
Minimum to afford average rent
$57,000/year
Based on the 30 percent rule, using our tracked average rent of $1,414/mo.
Comfortable income
$68,000/year
Based on the 25 percent rule, leaving more room for savings, transport, and groceries.
To afford the cheapest tracked apartment ($1,095/mo), you need to earn at least $44,000/year.
Median household income in Roanoke, VA is $52,671 , about 22% below the comfortable-living threshold.
Cost of living in Roanoke, VA
Overall prices in Roanoke, VA 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, VA's regional price parities.
| Category | Monthly estimate |
|---|---|
| Rent (market average) | $1,414 |
| Utilities | $291 |
| Groceries | $524 |
| Transportation | $693 |
| Healthcare | $338 |
| Other goods and services | $541 |
| Estimated total | $3,801/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, VA Apartments
Search interest for apartments in this area over the past 12 months.
Search Interest Over Time
Explore Roanoke, VA Apartments
Browse all 8 communities with daily-updated pricing and availability.