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?
$1,090/month
Average Rent
682 Sq Ft
Average Apartment Size
+5.5%
Increase in the Last Year
As of December 2024, the average rent in Roanoke, VA is $1,090 per month. This is 30% lower than the national average rent of $1,560/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 $759 per month for a studio, $1,090 for a one-bedroom apartment, and around $1,236 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $1,441 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 5.5%, which averages out to $60 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 December 2024
Legend
2023
2024
Rent Ranges in Roanoke, VA
Last Updated December 2024
$1,001 - $1,500
Most rental prices fall within this range
Percentage*
Rent Range
23%
Below $700/month
30%
$700 - $1,000/month
43%
$1,001 - $1,500/month
4%
$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, Melrose-Rugby, South Washington Heights and Villa Heights 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, Mecca Gardens and South Jefferson 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, Downtown Roanoke City 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 $1,090, you’ll want to make about $3,633 per month or $43,596 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.
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
-
$971/month
Three Bedroom
-
$1,124/month
Nearby City Rent Trends
Apartment communities in Roanoke we think you'll love
Property Management Companies in Roanoke, VA
Greenbrier Management
-
37
Communities
-
4,702
Units
-
15
Cities
13 Communities in Roanoke
The Caton Companies
-
10
Communities
-
2,771
Units
-
8
Cities
4 Communities in Roanoke
R. Fralin & Associates
-
10
Communities
-
903
Units
-
6
Cities
4 Communities in Roanoke
Drucker + Falk
-
148
Communities
-
35,253
Units
-
56
Cities
3 Communities in Roanoke
Solomon Organization
-
53
Communities
-
21,332
Units
-
43
Cities
3 Communities in Roanoke
Beacon Property Management
-
38
Communities
-
9,612
Units
-
26
Cities
3 Communities in Roanoke
Edward Rose & Sons
-
140
Communities
-
70,877
Units
-
86
Cities
2 Communities in Roanoke
Gallery Residential
-
65
Communities
-
16,552
Units
-
45
Cities
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.