Rentometer, Inc. | Data as of 10/24/2025
Roanoke’s vibrant metro area offers a diverse rental landscape that blends historic charm with modern convenience. Downtown’s walkable streets, the bustling Market Square district, and the scenic vistas along the Roanoke River attract professionals and families alike. Neighborhoods such as Old Southwest, Grandin Village, and the historic South Roanoke provide easy access to cafes, boutique shops, and cultural attractions like the Taubman Museum and Mill Mountain Star, making the city a desirable place to call home.
The rental market reflects a healthy balance of apartments and single‑family homes. Studio apartments average around $970, while one‑bedroom units typically sit in the $1200‑$1900 range, offering flexibility for solo renters and couples. Two‑ and three‑bedroom apartments commonly fall in the $1300‑$1600 bracket, catering to growing households seeking proximity to downtown amenities. Larger homes command rents in the $2000‑$2300 range, providing spacious living for those who value a suburban setting without sacrificing city access.
Roanoke’s mix of housing options supports a dynamic community, from students attending Virginia Tech’s nearby campus to professionals working in the thriving healthcare and technology sectors. With a strong rental inventory across the metro, renters can find everything from historic bungalows in the Old Southwest to contemporary apartment complexes near the Virginia Highlands. This blend of affordability, convenience, and cultural richness continues to make Roanoke a compelling destination for renters seeking both lifestyle and value.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | 1 Bedroom | $1,207 | $1,199 | $695 - $1,730 | $1,025 - $1,430 |
| Apartment | 2 Bedroom | $1,375 | $1,367 | $752 - $2,312 | $1,174 - $1,520 |
| Apartment | 3 Bedroom | $1,712 | $1,617 | $1,002 - $2,562 | $1,425 - $1,955 |
| Apartment | 4+ Bedroom | $1,833 | $1,800 | $1,100 - $2,600 | $1,100 - $2,600 |
| House | 1 Bedroom | $1,207 | $1,050 | $995 - $1,750 | $1,000 - $1,400 |
| House | 2 Bedroom | $1,331 | $1,300 | $600 - $2,300 | $1,097 - $1,500 |
| House | 3 Bedroom | $1,743 | $1,700 | $621 - $3,200 | $1,480 - $2,000 |
| House | 4+ Bedroom | $2,263 | $2,050 | $1,395 - $6,500 | $1,799 - $2,600 |
In the current period, the average rent in Roanoke, VA was $863 for Studio, $1,208 for 1 Bedroom, $1,355 for 2 Bedroom, $1,740 for 3 Bedroom, and $2,208 for 4+ Bedroom.
Data provided by Rentometer, Inc.