Most Affordable Neighborhoods in Roanoke, VA
Some of the cheapest neighborhoods in Roanoke are South Washington Heights, Raleigh Court, and Villa Heights. These neighborhoods offer some of the lowest rent prices in Roanoke, making them ideal for renters on a budget. As of February 1, 2025, the average rent in Roanoke is $1,075, which is 4.1% higher than last year. However, it's important to remember that rental prices can vary significantly based on factors such as location, amenities, and floor plans.
South Washington Heights
Average Rent
$650/Month
Year-Over-Year Rent Change
1.6%
TransitScore® Rating
27/100
Units Available
4 Rentals
South Washington Heights is a top choice for budget-conscious renters for a variety of reasons. The average rent in South Washington Heights is $650 while the city average is $1,075. This is a 1.6% difference from last year. Residents enjoy convenient access to Mill Mountain Zoo, Radford University Carilion, and Green Ridge Center. The neighborhood is considered car-dependent with a WalkScore® of 43.
Raleigh Court
Average Rent
$754/Month
Year-Over-Year Rent Change
3.6%
TransitScore® Rating
28/100
Units Available
4 Rentals
When you’re looking for a great Roanoke neighborhood on a budget, check out Raleigh Court. The average rent is $754, compared to the city average of $1,075. Rent prices have increased by 3.6%. Raleigh Court is convenient to Wolf Creek Greenway, Roanoke College, and Roanoke/Blacksburg Regional (Woodrum Field). The community is somewhat walkable with a WalkScore® of 67.
Villa Heights
Average Rent
$777/Month
TransitScore® Rating
30/100
Units Available
5 Rentals
Villa Heights is an affordable neighborhood in Roanoke with an average rent price of $777. Compare this to the city average of $1,075. Villa Heights provides easy access to Valley View Promenade, Radford University Carilion, and Virginia Western Comm. Coll.. It’s a car-dependent neighborhood with a WalkScore® of 40.
Garden City
Average Rent
$975/Month
TransitScore® Rating
21/100
Units Available
3 Rentals
If you’re looking for a great, affordable neighborhood in Roanoke, Garden City might be the perfect place! It has an average rent price of $975, while the city’s average stands at $1,075. Garden City is near Mill Mountain Park and Discovery Center, Bennington Place, and Roanoke/Blacksburg Regional (Woodrum Field).
Riverdale
Average Rent
$975/Month
Year-Over-Year Rent Change
2.7%
TransitScore® Rating
22/100
Units Available
3 Rentals
Riverdale is a top choice for budget-conscious renters for a variety of reasons. The average rent in Riverdale is $975 while the city average is $1,075. This is a 2.7% difference from last year. Residents enjoy convenient access to Bennington Place, Radford University Carilion, and Orange Plaza. The neighborhood is considered car-dependent with a WalkScore® of 22.
Old Southwest
Average Rent
$999/Month
Year-Over-Year Rent Change
1.1%
TransitScore® Rating
45/100
Units Available
4 Rentals
When you’re looking for a great Roanoke neighborhood on a budget, check out Old Southwest. The average rent is $999, compared to the city average of $1,075. Rent prices have decreased by 1.1%. Old Southwest is convenient to Radford University Carilion, Roanoke/Blacksburg Regional (Woodrum Field), and Bennington Place. The community is walkable with a WalkScore® of 73.
Preston Park
Average Rent
$1,058/Month
Year-Over-Year Rent Change
2.6%
TransitScore® Rating
28/100
Units Available
5 Rentals
Preston Park is an affordable neighborhood in Roanoke with an average rent price of $1,058. Compare this to the city average of $1,075. In the past year, rent prices have increased by 2.6%. Preston Park provides easy access to Mill Mountain Zoo, Whiteside Plaza, and Virginia Western Comm. Coll.. It’s a somewhat walkable neighborhood with a WalkScore® of 61.
Williamson Road
Average Rent
$1,155/Month
Year-Over-Year Rent Change
2.7%
TransitScore® Rating
33/100
Units Available
23 Rentals
If you’re looking for a great, affordable neighborhood in Roanoke, Williamson Road might be the perfect place! It has an average rent price of $1,155, while the city’s average stands at $1,075. In the last year, prices have increased by 2.7%. Williamson Road is near Virginia Western Comm. Coll., Wolf Creek Greenway, and Roanoke College.
Fair Land
Average Rent
$1,175/Month
Year-Over-Year Rent Change
3.2%
TransitScore® Rating
30/100
Units Available
4 Rentals
Fair Land is a top choice for budget-conscious renters for a variety of reasons. The average rent in Fair Land is $1,175 while the city average is $1,075. This is a 3.2% difference from last year. Residents enjoy convenient access to Roanoke Plaza, Valley View Promenade, and Roanoke/Blacksburg Regional (Woodrum Field). The neighborhood is considered car-dependent with a WalkScore® of 33.
Hollins
Average Rent
$1,182/Month
Year-Over-Year Rent Change
2.5%
TransitScore® Rating
1/100
Units Available
11 Rentals
When you’re looking for a great Roanoke neighborhood on a budget, check out Hollins. The average rent is $1,182, compared to the city average of $1,075. Rent prices have increased by 2.5%. Hollins is convenient to Woodpecker Ridge Nature Center, Roanoke/Blacksburg Regional (Woodrum Field), and Wolf Creek Greenway. The community is car-dependent with a WalkScore® of 35.
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Methodology
Transit Score measures access to public transit. Scores range from 0 (minimal transit) to 100 (rider’s paradise). Learn more about the Transit Score methodology. Rental data is sourced from CoStar Group’s Market Trend reports. As a leading authority in commercial real estate information, analytics, and news, CoStar performs in-depth research to build and sustain an extensive database of commercial real estate insights.
We've combined this data with public records to provide the most current rental information available.