Most Affordable Neighborhoods in Roanoke, VA
Some of the cheapest neighborhoods in Roanoke are Villa Heights, Garden City, and Riverdale. These neighborhoods offer some of the lowest rent prices in Roanoke, making them ideal for renters on a budget. As of November 29, 2024, the average rent in Roanoke is $1,088, which is 5.3% 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.
Villa Heights
Average Rent
$883/Month
TransitScore® Rating
30/100
Units Available
3 Rentals
Villa Heights is a top choice for budget-conscious renters for a variety of reasons. The average rent in Villa Heights is $883 while the city average is $1,088. Residents enjoy convenient access to The Plaza of Roanoke & Salem, Roanoke Plaza, and Virginia Western Comm. Coll.. The neighborhood is considered car-dependent with a WalkScore® of 40.
Garden City
Average Rent
$975/Month
TransitScore® Rating
21/100
Units Available
2 Rentals
When you’re looking for a great Roanoke neighborhood on a budget, check out Garden City. The average rent is $975, compared to the city average of $1,088. Garden City is convenient to Roanoke Ivy Market, Wolf Creek Greenway, and Roanoke College. The community is car-dependent with a WalkScore® of 36.
Riverdale
Average Rent
$975/Month
Year-Over-Year Rent Change
7.8%
TransitScore® Rating
22/100
Units Available
2 Rentals
Riverdale is an affordable neighborhood in Roanoke with an average rent price of $975. Compare this to the city average of $1,088. In the past year, rent prices have increased by 7.8%. Riverdale provides easy access to Hollins University, Roanoke/Blacksburg Regional (Woodrum Field), and Roanoke Ivy Market. It’s a car-dependent neighborhood with a WalkScore® of 22.
Roundhill
Average Rent
$990/Month
Year-Over-Year Rent Change
2.4%
TransitScore® Rating
30/100
Units Available
5 Rentals
If you’re looking for a great, affordable neighborhood in Roanoke, Roundhill might be the perfect place! It has an average rent price of $990, while the city’s average stands at $1,088. In the last year, prices have decreased by 2.4%. Roundhill is near Roanoke/Blacksburg Regional (Woodrum Field), Valley View Station, and Valley View Mall.
Old Southwest
Average Rent
$999/Month
Year-Over-Year Rent Change
2%
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 $999 while the city average is $1,088. This is a 2% difference from last year. Residents enjoy convenient access to Hollins University, Roanoke/Blacksburg Regional (Woodrum Field), and Mill Mountain Zoo. The neighborhood is considered walkable with a WalkScore® of 73.
Shenandoah West
Average Rent
$999/Month
TransitScore® Rating
30/100
Units Available
2 Rentals
When you’re looking for a great Roanoke neighborhood on a budget, check out Shenandoah West. The average rent is $999, compared to the city average of $1,088. Shenandoah West is convenient to Mill Mountain Park and Discovery Center, Virginia Western Comm. Coll., and Roanoke/Blacksburg Regional (Woodrum Field). The community is somewhat walkable with a WalkScore® of 53.
Preston Park
Average Rent
$1,086/Month
Year-Over-Year Rent Change
2.7%
TransitScore® Rating
28/100
Units Available
3 Rentals
Preston Park is an affordable neighborhood in Roanoke with an average rent price of $1,086. Compare this to the city average of $1,088. In the past year, rent prices have increased by 2.7%. Preston Park provides easy access to Hollins Plantation Plaza, Roanoke College, and Radford University Carilion. It’s a somewhat walkable neighborhood with a WalkScore® of 61.
Williamson Road
Average Rent
$1,184/Month
Year-Over-Year Rent Change
9.9%
TransitScore® Rating
33/100
Units Available
7 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 $1,184, while the city’s average stands at $1,088. In the last year, prices have increased by 9.9%. Williamson Road is near Valley View Station, Wolf Creek Greenway, and Hollins University.
Hollins
Average Rent
$1,208/Month
Year-Over-Year Rent Change
5.4%
TransitScore® Rating
1/100
Units Available
8 Rentals
Hollins is a top choice for budget-conscious renters for a variety of reasons. The average rent in Hollins is $1,208 while the city average is $1,088. This is a 5.4% difference from last year. Residents enjoy convenient access to Hollins University, North Market Village, and Roanoke/Blacksburg Regional (Woodrum Field). The neighborhood is considered car-dependent with a WalkScore® of 35.
Belmont
Average Rent
$1,237/Month
Year-Over-Year Rent Change
3.6%
TransitScore® Rating
45/100
Units Available
29 Rentals
When you’re looking for a great Roanoke neighborhood on a budget, check out Belmont. The average rent is $1,237, compared to the city average of $1,088. Rent prices have decreased by 3.6%. Belmont is convenient to Wolf Creek Greenway, Mill Mountain Park and Discovery Center, and Towers Shopping Center. The community is walkable with a WalkScore® of 73.
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.