Most Affordable Neighborhoods in Roanoke, VA
Some of the cheapest neighborhoods in Roanoke are Melrose-Rugby, Villa Heights, and South Roanoke. These neighborhoods offer some of the lowest rent prices in Roanoke, making them ideal for renters on a budget. As of January 2, 2025, the average rent in Roanoke is $1,085, which is 5.1% 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.
Melrose-Rugby
Average Rent
$595/Month
TransitScore® Rating
33/100
Units Available
2 Rentals
Melrose-Rugby is an affordable neighborhood in Roanoke with an average rent price of $595. Compare this to the city average of $1,085. Melrose-Rugby provides easy access to Roanoke College, Roanoke/Blacksburg Regional (Woodrum Field), and Valley View Crossing. It’s a car-dependent neighborhood with a WalkScore® of 45.
Villa Heights
Average Rent
$777/Month
TransitScore® Rating
30/100
Units Available
5 Rentals
If you’re looking for a great, affordable neighborhood in Roanoke, Villa Heights might be the perfect place! It has an average rent price of $777, while the city’s average stands at $1,085. Villa Heights is near Virginia Western Comm. Coll., Mill Mountain Park and Discovery Center, and Mill Mountain Zoo.
South Roanoke
Average Rent
$865/Month
Year-Over-Year Rent Change
1.1%
TransitScore® Rating
32/100
Units Available
3 Rentals
South Roanoke is a top choice for budget-conscious renters for a variety of reasons. The average rent in South Roanoke is $865 while the city average is $1,085. This is a 1.1% difference from last year. Residents enjoy convenient access to Franklin Square, Mill Mountain Park and Discovery Center, and Science Museum of Western Virginia. The neighborhood is considered somewhat walkable with a WalkScore® of 65.
Shenandoah West
Average Rent
$898/Month
TransitScore® Rating
30/100
Units Available
3 Rentals
When you’re looking for a great Roanoke neighborhood on a budget, check out Shenandoah West. The average rent is $898, compared to the city average of $1,085. Shenandoah West is convenient to Wolf Creek Greenway, The Plaza of Roanoke & Salem, and Radford University Carilion. The community is somewhat walkable with a WalkScore® of 53.
Roundhill
Average Rent
$980/Month
Year-Over-Year Rent Change
2.4%
TransitScore® Rating
30/100
Units Available
5 Rentals
Roundhill is an affordable neighborhood in Roanoke with an average rent price of $980. Compare this to the city average of $1,085. In the past year, rent prices have decreased by 2.4%. Roundhill provides easy access to Roanoke College, Wolf Creek Greenway, and Hollins University. It’s a somewhat walkable neighborhood with a WalkScore® of 59.
Preston Park
Average Rent
$1,058/Month
Year-Over-Year Rent Change
2.5%
TransitScore® Rating
28/100
Units Available
5 Rentals
If you’re looking for a great, affordable neighborhood in Roanoke, Preston Park might be the perfect place! It has an average rent price of $1,058, while the city’s average stands at $1,085. In the last year, prices have increased by 2.5%. Preston Park is near Roanoke/Blacksburg Regional (Woodrum Field), Mill Mountain Zoo, and Mill Mountain Park and Discovery Center.
Old Southwest
Average Rent
$1,119/Month
Year-Over-Year Rent Change
1.9%
TransitScore® Rating
45/100
Units Available
5 Rentals
Old Southwest is a top choice for budget-conscious renters for a variety of reasons. The average rent in Old Southwest is $1,119 while the city average is $1,085. This is a 1.9% difference from last year. Residents enjoy convenient access to Mill Mountain Zoo, Roanoke College, and Hollins University. The neighborhood is considered walkable with a WalkScore® of 73.
Williamson Road
Average Rent
$1,132/Month
Year-Over-Year Rent Change
10.1%
TransitScore® Rating
33/100
Units Available
8 Rentals
When you’re looking for a great Roanoke neighborhood on a budget, check out Williamson Road. The average rent is $1,132, compared to the city average of $1,085. Rent prices have increased by 10.1%. Williamson Road is convenient to Valley View Station, Wolf Creek Greenway, and Mill Mountain Zoo. The community is car-dependent with a WalkScore® of 47.
Hollins
Average Rent
$1,185/Month
Year-Over-Year Rent Change
0.2%
TransitScore® Rating
1/100
Units Available
11 Rentals
Hollins is an affordable neighborhood in Roanoke with an average rent price of $1,185. Compare this to the city average of $1,085. In the past year, rent prices have decreased by 0.2%. Hollins provides easy access to Woodpecker Ridge Nature Center, Roanoke College, and Radford University Carilion. It’s a car-dependent neighborhood with a WalkScore® of 35.
Miller Court-Arrowood
Average Rent
$1,253/Month
Year-Over-Year Rent Change
2.2%
TransitScore® Rating
24/100
Units Available
20 Rentals
If you’re looking for a great, affordable neighborhood in Roanoke, Miller Court-Arrowood might be the perfect place! It has an average rent price of $1,253, while the city’s average stands at $1,085. In the last year, prices have increased by 2.2%. Miller Court-Arrowood is near Hollins University, Wolf Creek Greenway, and Virginia Western Comm. Coll..
Ready to make your move to Roanoke? Check out the rent specials, price drops, and great deals on ApartmentFinder.com!
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.