The Overlook at Daleville
437 Roanoke Rd,
Daleville, VA 24083
1-3 Beds | $1,295 - $1,995
Rental Market Trends in Roanoke, VA
What is the average rent in Roanoke, VA?
$1,080/month
Average Rent
683 Sq Ft
Average Apartment Size
+4.5%
Increase in the Last Year
As of February 2025, the average rent in Roanoke, VA is $1,080 per month. This is 31% lower than the national average rent of $1,557/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 $761 per month for a studio, $1,080 for a one-bedroom apartment, and around $1,242 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,527 or more.
Floor Plan Type
Average Rent
Average 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 Roanoke, VA?
In the past year, rent has increased by 4.5%, which averages out to $49 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 February 2025
Legend
2024
2025
Rent Ranges in Roanoke, VA
Last Updated February 2025
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
22%
Below $700/month
30%
$700 - $1,000/month
40%
$1,001 - $1,500/month
8%
$1,501 - $2,000/month
0%
Above $2,000/month
Rent by Neighborhood
Last Updated Today
What are the most affordable neighborhoods in Roanoke?
Based on current rent prices, Villa Heights, Roundhill and Cherry Hill are the most affordable neighborhoods in Roanoke.
Neighborhood
Average Rent
Average Sq Ft
What are the most expensive neighborhoods in Roanoke?
Based on current rent prices, Deyerle, Colonial Avenue Area and Mecca Gardens are the most expensive neighborhoods in Roanoke.
Neighborhood
Average Rent
Average 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 Walnut Hill .
Neighborhood
Average Rent
Average Sq Ft
What salary do I need to live comfortably in Roanoke, VA?
Because the average rent in Roanoke is $1,080, you’ll want to make about $3,600 per month or $43,200 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 8.1% lower than the national average. Generally, housing in Roanoke is 23.4% less expensive than the national average, with rent falling between $761 - $1,527. You can expect to pay 1.5% less for groceries, 16.4% more for utilities, and 2.3% less for transportation.
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.
Studio
-
-
One Bedroom
-
-
Two Bedroom
-
$972/month
Three Bedroom
-
$1,125/month
Nearby City Rent Trends
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Property Management Companies in Roanoke, VA
Greenbrier Management
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33
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4,222
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14
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12 Communities in Roanoke
R. Fralin & Associates
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11
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987
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6
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5 Communities in Roanoke
The Caton Companies
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10
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2,711
Units
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8
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4 Communities in Roanoke
Drucker + Falk
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153
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36,896
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59
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3 Communities in Roanoke
Solomon Organization
-
54
Communities
-
21,740
Units
-
44
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3 Communities in Roanoke
Beacon Property Management
-
38
Communities
-
9,614
Units
-
26
Cities
3 Communities in Roanoke
Edward Rose & Sons
-
141
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-
70,987
Units
-
86
Cities
2 Communities in Roanoke
Gallery Residential
-
66
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16,842
Units
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46
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1 Community in Roanoke
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Methodology
† 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.
* Percentages may not total 100 due to rounding.