Most Affordable Neighborhoods in Roanoke, VA
Some of the cheapest neighborhoods in Roanoke are Raleigh Court, Old Southwest, and Roundhill. These neighborhoods offer some of the lowest rent prices in Roanoke, making them ideal for renters on a budget. As of April 4, 2025, the average rent in Roanoke is $1,091, which is 6% 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.
Raleigh Court
Average Rent
$875/Month
Year-Over-Year Rent Change
0.9%
TransitScore® Rating
28/100
Units Available
2 Rentals
Raleigh Court is a top choice for budget-conscious renters for a variety of reasons. The average rent in Raleigh Court is $875 while the city average is $1,091. This is a 0.9% difference from last year. Residents enjoy convenient access to Hollins University, Wolf Creek Greenway, and Science Museum of Western Virginia. The neighborhood is considered somewhat walkable with a WalkScore® of 67.
Old Southwest
Average Rent
$999/Month
Year-Over-Year Rent Change
0.1%
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 $1,091. Rent prices have decreased by 0.1%. Old Southwest is convenient to Science Museum of Western Virginia, Towers Shopping Center, and Wolf Creek Greenway. The community is walkable with a WalkScore® of 73.
Roundhill
Average Rent
$999/Month
Year-Over-Year Rent Change
0.6%
TransitScore® Rating
30/100
Units Available
4 Rentals
Roundhill is an affordable neighborhood in Roanoke with an average rent price of $999. Compare this to the city average of $1,091. In the past year, rent prices have increased by 0.6%. Roundhill provides easy access to Valley View Mall, Radford University Carilion, and Woodpecker Ridge Nature Center. It’s a somewhat walkable neighborhood with a WalkScore® of 59.
Garden City
Average Rent
$1,016/Month
TransitScore® Rating
21/100
Units Available
4 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 $1,016, while the city’s average stands at $1,091. Garden City is near Hunting Hills Plaza, Roanoke Ivy Market, and Science Museum of Western Virginia.
Riverdale
Average Rent
$1,016/Month
Year-Over-Year Rent Change
7.3%
TransitScore® Rating
22/100
Units Available
4 Rentals
Riverdale is a top choice for budget-conscious renters for a variety of reasons. The average rent in Riverdale is $1,016 while the city average is $1,091. This is a 7.3% difference from last year. Residents enjoy convenient access to Radford University Carilion, Bennington Place, and Virginia Western Comm. Coll.. The neighborhood is considered car-dependent with a WalkScore® of 22.
Preston Park
Average Rent
$1,049/Month
Year-Over-Year Rent Change
3.9%
TransitScore® Rating
28/100
Units Available
3 Rentals
When you’re looking for a great Roanoke neighborhood on a budget, check out Preston Park. The average rent is $1,049, compared to the city average of $1,091. Rent prices have increased by 3.9%. Preston Park is convenient to Roanoke/Blacksburg Regional (Woodrum Field), Hollins Plantation Plaza, and Radford University Carilion. The community is somewhat walkable with a WalkScore® of 61.
Hollins
Average Rent
$1,132/Month
Year-Over-Year Rent Change
4.7%
TransitScore® Rating
1/100
Units Available
15 Rentals
Hollins is an affordable neighborhood in Roanoke with an average rent price of $1,132. Compare this to the city average of $1,091. In the past year, rent prices have increased by 4.7%. Hollins provides easy access to Wolf Creek Greenway, Mill Mountain Park and Discovery Center, and Brookside Shopping Center. It’s a car-dependent neighborhood with a WalkScore® of 35.
Williamson Road
Average Rent
$1,168/Month
Year-Over-Year Rent Change
3.8%
TransitScore® Rating
33/100
Units Available
20 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 $1,168, while the city’s average stands at $1,091. In the last year, prices have increased by 3.8%. Williamson Road is near Virginia Western Comm. Coll., Woodpecker Ridge Nature Center, and Mill Mountain Zoo.
River Land
Average Rent
$1,175/Month
TransitScore® Rating
34/100
Units Available
2 Rentals
River Land is a top choice for budget-conscious renters for a variety of reasons. The average rent in River Land is $1,175 while the city average is $1,091. Residents enjoy convenient access to Wolf Creek Greenway, Science Museum of Western Virginia, and Roanoke Ivy Market. The neighborhood is considered car-dependent with a WalkScore® of 46.
Belmont
Average Rent
$1,205/Month
Year-Over-Year Rent Change
3.3%
TransitScore® Rating
45/100
Units Available
31 Rentals
When you’re looking for a great Roanoke neighborhood on a budget, check out Belmont. The average rent is $1,205, compared to the city average of $1,091. Rent prices have decreased by 3.3%. Belmont is convenient to Bennington Place, Hollins University, and Wolf Creek Greenway. The community is walkable with a WalkScore® of 73.
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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.