Roanoke, VA Rental Market Trends
Last updated: November 18, 2025 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Roanoke is $1,328, a 2.61% increase compared to the previous year, when the average rent was $1,294.
Studio Apartments at $679 offer the most budget-friendly option with 332 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 762 square feet for $1,198, balancing privacy and affordability.
Two-beedroom units at $1,325 offer 969 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,235 sq ft) for $1,617, suitable for larger households.
Average rent in Roanoke, VA
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,328 | 945 sq. ft. |
| Studio | $679 | 332 sq. ft. |
| 1 Bed | $1,198 | 762 sq. ft. |
| 2 Beds | $1,325 | 969 sq. ft. |
| 3 Beds | $1,617 | 1,235 sq. ft. |
Roanoke, VA rent trends
Rental prices in Roanoke, VA have increased by 2.61% over the past year. The average rent moved from $1,294 to $1,328.
What's the typical rent budget in Roanoke, VA?
The largest share of rentals in Roanoke, VA (58%) fall between $1,001-$1,500 per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Roanoke, VA?
20,977 or 48% of the households in Roanoke, VA are renter-occupied while 22,452 or 52% are owner-occupied.
Average Rent in Roanoke, VA By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Roanoke City | $1,301 |
How Roanoke Compares to Other Cities
| City | Average Rent |
|---|---|
| Roanoke | $1,328 |
| Richmond | $1,583 |
| Arlington | $2,667 |
| Alexandria | $2,158 |
| Newport News | $1,424 |
| Charlottesville | $2,091 |
| Norfolk | $1,552 |
| Virginia Beach | $1,728 |
| Woodbridge | $2,080 |
| Henrico | $1,581 |
| Fredericksburg | $1,887 |
| Blacksburg, VA | $2,217 |
| Radford, VA | $1,339 |
| Christiansburg, VA | $1,600 |
| Forest, VA | $1,407 |
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Roanoke apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.