Rental market snapshot for Roanoke, Virginia

Roanoke, Virginia Rental Property Market Overview

Roanoke, Virginia is a vibrant city located in the Blue Ridge Mountains of Southwest Virginia. With a population of 98,865 according to the US Census in 2021, Roanoke is the largest city in the region and offers a variety of activities and attractions for visitors and locals alike. From outdoor recreation to cultural attractions, Roanoke has something for everyone. The city is also home to a thriving business community, making it a great place to live and work.

The average rent for an apartment in Roanoke is $1,325. The cost of rent varies depending on several factors, including location, size, and quality.

The average rent has decreased by 0.00% over the past year.

Last Updated March 25, 2024

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Average monthly rent graph in Roanoke Virginia | Cost of Living

  • The most expensive ZIP code in Roanoke is 24019 with an average price of $1,702.
  • The cheapest ZIP code in Roanoke is 24013 with an average price of $1,013.

Roanoke ZIP codes with the highest, most expensive rent

#ZIP CodeAverage Rent
124019$1,702
224018$1,413
324015$1,320
424014$1,313
524017$1,258
624011$1,244
724012$1,197
824016$1,135
924013$1,013

Live near Roanoke, Virginia's Top Sights and Attractions

Elmwood Park is a large, lush park located in the heart of Roanoke. It features a variety of outdoor activities, including a playground, walking trails, a lake, and a picnic area. The park also has a large amphitheater, which hosts concerts and other events throughout the year. In addition, Elmwood Park is home to a variety of wildlife, including deer, birds, and other animals. The park is a popular destination for locals and visitors alike, offering a peaceful escape from the hustle and bustle of the city.

Jackson Park is a large, green space located in the heart of Roanoke. It features a variety of recreational activities, including a playground, walking trails, a pond, and a disc golf course. The park is also home to a variety of wildlife, including ducks, geese, and other birds. Visitors can also enjoy a picnic area, a pavilion, and a gazebo. The park is a great place to relax and enjoy the outdoors.

Mill Mountain Park is a scenic outdoor destination located in the Blue Ridge Mountains of Virginia. It features a variety of trails for hiking, biking, and horseback riding, as well as a playground and picnic areas. The park is home to the iconic Mill Mountain Star, a large illuminated star that overlooks the city. The star is visible from many points in the city and is a popular spot for taking pictures. The park also offers stunning views of the surrounding mountains and valleys.

Lick Run Greenway is a scenic trail located in the foothills of the Blue Ridge Mountains. It is a 4.5 mile long trail that follows the course of Lick Run Creek and is lined with lush vegetation and wildlife. The trail is open to hikers, bikers, and runners and features several scenic overlooks and bridges. It is a great spot for a leisurely stroll or a more challenging workout.

Mill Mtn Greenway is a scenic walking and biking trail that winds its way through the rolling hills of the Blue Ridge Mountains. The trail is approximately 4.5 miles long and offers stunning views of the surrounding landscape. Along the way, visitors can enjoy a variety of outdoor activities, including fishing, bird watching, and picnicking. The trail is also home to a variety of wildlife, including deer, foxes, and wild turkeys. The trail is well-maintained and offers a peaceful escape from the hustle and bustle of city life.

Washington Park is a beautiful, sprawling park located in the heart of Roanoke. It features a large lake, walking trails, and plenty of open green space. There are also picnic areas, playgrounds, and a disc golf course. The park is home to a variety of wildlife, including ducks, geese, and other birds. During the summer, visitors can enjoy outdoor concerts and movies in the park. Washington Park is a great place to spend a day outdoors, enjoying the beauty of nature.

Mill Mountain Zoo is a small zoo located on the top of Mill Mountain in Roanoke, Virginia. It is home to over 50 species of animals, including red pandas, lemurs, and river otters. The zoo also features a variety of interactive exhibits, such as a petting zoo and a reptile house. Visitors can also take a ride on the Mill Mountain Express, a miniature train that travels around the zoo. The zoo also offers educational programs and special events throughout the year.

Raleigh Court Park is a beautiful outdoor area located in the heart of Roanoke, Virginia. It features a large grassy area, perfect for picnics and outdoor activities, as well as a playground for children. There is also a walking path that winds through the park, lined with trees and benches for visitors to enjoy. The park also has a basketball court, tennis court, and a pond with a fountain. It is a great place to spend time with family and friends, or just to relax and enjoy the scenery.

West End Park is a scenic park located on the banks of the Roanoke River. It features a variety of outdoor activities including walking trails, a playground, picnic areas, and a fishing pier. The park also has a large open field perfect for sports and other activities. The park is surrounded by lush trees and beautiful views of the river. Visitors can also enjoy a variety of wildlife, including birds, deer, and other animals.

Shrine Hill Park is a scenic park located in the foothills of the Blue Ridge Mountains. It features a variety of trails for hiking, biking, and horseback riding, as well as a picnic area and playground. The park is also home to a variety of wildlife, including deer, foxes, and wild turkeys. The park is known for its breathtaking views of the surrounding mountains and valleys, and is a popular spot for bird watching and photography.

Roanoke, Virginia area median rent change by ZIP code map

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How does Roanoke compare to other cities in Virginia?

citymedian price
Gainesville$2,902
McLean$2,590
Springfield$2,275
Stafford Courthouse$2,084
Manassas Park$1,895
Roanoke$1,200
Salem$1,145
Radford$800

Average household income in Roanoke area graph - US Census

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The median household income in Roanoke in 2021 was $48,476. This represents a 26.7% change from 2011 when the median was $38,265.

#categorypercent
0Less than $10,00010.0%
1$10,000 to $14,9997.1%
2$15,000 to $19,9996.1%
3$20,000 to $24,9996.0%
4$25,000 to $29,9995.9%
5$30,000 to $34,9995.1%
6$35,000 to $39,9995.1%
7$40,000 to $44,9994.0%
8$45,000 to $49,9995.2%
9$50,000 to $59,9999.6%
10$60,000 to $74,9999.2%
11$75,000 to $99,99910.6%
12$100,000 to $124,9996.4%
13$125,000 to $149,9993.1%
14$150,000 to $199,9992.6%
15$200,000 or more4.0%

Neighborhoods in Roanoke

We currently do not have this data but we are working to add this soon.

Frequently asked questions

Our data is best categorized as "alternative data", which is a burgeoning sector. Through partnerships and direct feeds, we extract key factual elements that are publicly available within rental listings on internet listing sites and property websites. Once aggregated, we mine through the data to parse out relevant insights and calculate important metrics, benchmarks, and other KPIs. Each week, our system sifts through millions of listing observations and other pockets of market information to deliver the most comprehensive picture of rental housing available.

This is a metric that we try not to overthink. Simply, we take each unique listing observation within a geographic boundary and calculate a simple average. Of course, we're careful to filter for duplicates and other listings that aren't reflective of the market.

Yes, but please attribute us accordingly.

Yes. We can deliver bulk raw data in various formats. Please contact us to discuss - [email protected]

While some of our data is refreshed daily and other data comes in weekly, the bulk of it comes in on a biweekly basis.

Our coverage is nationwide! In our platform, we have data points for every ZIP code and neighborhood boundary in the country.

Every rental housing unit is differentiated by attributes such as its location, square footage, and amenity composition. Thanks to machine learning and natural language processing technologies we deploy, we're able to deconstruct our rental listing data points and identify key amenities for each listing. With this information, we're able to give signals around how certain amenities drive rental pricing value in certain areas.

Well, we think so! At the highest level, our process is simple. Listings data is ingested, cleaned (de-duplicated. etc.), analyzed for insights, and then presented to our users.

As of February , the average rent in Roanoke is $1,325.
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