Cheapest Neighborhoods in Roanoke, VA
Some of the cheapest neighborhoods in Roanoke are Brambleton Court, Williamson Road, and Downtown Roanoke City. These neighborhoods offer some of the lowest rent prices in Roanoke, making them ideal for renters on a budget. As of July 27, 2026, the average rent in Roanoke is $1,120, which is 2.2% 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.
Brambleton Court
Average Rent
$1,031/Month
Units Available
11 Rentals
If you’re looking for a great, affordable neighborhood in Roanoke, Brambleton Court might be the perfect place! It has an average rent price of $1,031, while the city’s average stands at $1,120.
Williamson Road
Average Rent
$1,038/Month
Year-Over-Year Rent Change
0.9%
Units Available
19 Rentals
Williamson Road is a top choice for budget-conscious renters for a variety of reasons. The average rent in Williamson Road is $1,038 while the city average is $1,120. This is a 0.9% difference from last year. Residents enjoy convenient access to Hollins University, Wolf Creek Greenway, and Mill Mountain Park and Discovery Center.
Downtown Roanoke City
Average Rent
$1,230/Month
Year-Over-Year Rent Change
1.4%
Units Available
22 Rentals
When you’re looking for a great Roanoke neighborhood on a budget, check out Downtown Roanoke City. The average rent is $1,230, compared to the city average of $1,120. Rent prices have increased by 1.4%. Downtown Roanoke City is convenient to Towers Shopping Center, Virginia Western Comm. Coll., and Radford University Carilion.
City Market Historic District
Average Rent
$1,259/Month
Units Available
17 Rentals
City Market Historic District is an affordable neighborhood in Roanoke with an average rent price of $1,259. Compare this to the city average of $1,120.
Hollins
Average Rent
$1,269/Month
Year-Over-Year Rent Change
6%
Units Available
13 Rentals
If you’re looking for a great, affordable neighborhood in Roanoke, Hollins might be the perfect place! It has an average rent price of $1,269, while the city’s average stands at $1,120. In the last year, prices have increased by 6%. Hollins is near North Market Village, Hollins University, and Brookside Shopping Center.
Belmont
Average Rent
$1,312/Month
Year-Over-Year Rent Change
6.5%
Units Available
11 Rentals
Belmont is a top choice for budget-conscious renters for a variety of reasons. The average rent in Belmont is $1,312 while the city average is $1,120. This is a -6.5% difference from last year. Residents enjoy convenient access to Science Museum of Western Virginia, Bennington Place, and Virginia Western Comm. Coll..
Belmont Historic District
Average Rent
$1,312/Month
Units Available
11 Rentals
When you’re looking for a great Roanoke neighborhood on a budget, check out Belmont Historic District. The average rent is $1,312, compared to the city average of $1,120.
Cave Spring
Average Rent
$1,315/Month
Year-Over-Year Rent Change
4.2%
Units Available
39 Rentals
Cave Spring is an affordable neighborhood in Roanoke with an average rent price of $1,315. Compare this to the city average of $1,120. In the past year, rent prices have increased by 4.2%. Cave Spring provides easy access to Roanoke/Blacksburg Regional (Woodrum Field), Wolf Creek Greenway, and Roanoke College.
South Jefferson
Average Rent
$1,341/Month
Year-Over-Year Rent Change
1.8%
Units Available
21 Rentals
If you’re looking for a great, affordable neighborhood in Roanoke, South Jefferson might be the perfect place! It has an average rent price of $1,341, while the city’s average stands at $1,120. In the last year, prices have increased by 1.8%. South Jefferson is near Virginia Western Comm. Coll., Mill Mountain Zoo, and Hollins University.
Walnut Hill
Average Rent
$1,365/Month
Units Available
20 Rentals
Walnut Hill is a top choice for budget-conscious renters for a variety of reasons. The average rent in Walnut Hill is $1,365 while the city average is $1,120. Residents enjoy convenient access to Virginia Western Comm. Coll., Radford University Carilion, and Roanoke Ivy Market.
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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.