Best Affordable Neighborhoods in Roanoke, VA
Some of the cheapest neighborhoods in Roanoke are Brambleton Court, Hollins, 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 March 14, 2026, the average rent in Roanoke is $1,098, which is 2.8% 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
$972/Month
Units Available
15 Rentals
Brambleton Court is a top choice for budget-conscious renters for a variety of reasons. The average rent in Brambleton Court is $972 while the city average is $1,098. Residents enjoy convenient access to Science Museum of Western Virginia, Mill Mountain Park and Discovery Center, and Roanoke/Blacksburg Regional (Woodrum Field).
Hollins
Average Rent
$981/Month
Year-Over-Year Rent Change
3.1%
TransitScore® Rating
1/100
Units Available
13 Rentals
When you’re looking for a great Roanoke neighborhood on a budget, check out Hollins. The average rent is $981, compared to the city average of $1,098. Rent prices have increased by 3.1%. Hollins is convenient to Science Museum of Western Virginia, Virginia Western Comm. Coll., and Brookside Shopping Center. The community is car-dependent with a WalkScore® of 35.
Downtown Roanoke City
Average Rent
$1,215/Month
Year-Over-Year Rent Change
0.5%
TransitScore® Rating
51/100
Units Available
13 Rentals
Downtown Roanoke City is an affordable neighborhood in Roanoke with an average rent price of $1,215. Compare this to the city average of $1,098. In the past year, rent prices have increased by 0.5%. Downtown Roanoke City provides easy access to Roanoke/Blacksburg Regional (Woodrum Field), Virginia Western Comm. Coll., and Radford University Carilion. It’s a walkable neighborhood with a WalkScore® of 90.
Williamson Road
Average Rent
$1,226/Month
Year-Over-Year Rent Change
3.5%
TransitScore® Rating
33/100
Units Available
13 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 $1,226, while the city’s average stands at $1,098. In the last year, prices have increased by 3.5%. Williamson Road is near Roanoke/Blacksburg Regional (Woodrum Field), Valley View Station, and Radford University Carilion.
Belmont
Average Rent
$1,235/Month
Year-Over-Year Rent Change
3.1%
TransitScore® Rating
45/100
Units Available
13 Rentals
Belmont is a top choice for budget-conscious renters for a variety of reasons. The average rent in Belmont is $1,235 while the city average is $1,098. This is a 3.1% difference from last year. Residents enjoy convenient access to Bennington Place, Hollins University, and Radford University Carilion. The neighborhood is considered walkable with a WalkScore® of 73.
City Market Historic District
Average Rent
$1,248/Month
TransitScore® Rating
52/100
Units Available
13 Rentals
When you’re looking for a great Roanoke neighborhood on a budget, check out City Market Historic District. The average rent is $1,248, compared to the city average of $1,098. City Market Historic District is convenient to Roanoke College, Roanoke Ivy Market, and Roanoke/Blacksburg Regional (Woodrum Field). The community is walkable with a WalkScore® of 92.
Airport
Average Rent
$1,259/Month
TransitScore® Rating
27/100
Units Available
12 Rentals
Airport is an affordable neighborhood in Roanoke with an average rent price of $1,259. Compare this to the city average of $1,098. Airport provides easy access to Science Museum of Western Virginia, Radford University Carilion, and Hollins University. It’s a car-dependent neighborhood with a WalkScore® of 38.
Miller Court-Arrowood
Average Rent
$1,296/Month
Year-Over-Year Rent Change
1.2%
TransitScore® Rating
24/100
Units Available
18 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 $1,296, while the city’s average stands at $1,098. In the last year, prices have increased by 1.2%. Miller Court-Arrowood is near Roanoke Plaza, Roanoke College, and Wolf Creek Greenway.
Cave Spring
Average Rent
$1,311/Month
Year-Over-Year Rent Change
7%
TransitScore® Rating
1/100
Units Available
47 Rentals
Cave Spring is a top choice for budget-conscious renters for a variety of reasons. The average rent in Cave Spring is $1,311 while the city average is $1,098. This is a 7% difference from last year. Residents enjoy convenient access to Wolf Creek Greenway, Virginia Western Comm. Coll., and Shoppes at West Village. The neighborhood is considered car-dependent with a WalkScore® of 48.
South Jefferson
Average Rent
$1,397/Month
Year-Over-Year Rent Change
3.6%
TransitScore® Rating
38/100
Units Available
25 Rentals
When you’re looking for a great Roanoke neighborhood on a budget, check out South Jefferson. The average rent is $1,397, compared to the city average of $1,098. Rent prices have decreased by 3.6%. South Jefferson is convenient to Roanoke College, Virginia Western Comm. Coll., and Roanoke Ivy Market. The community is somewhat walkable with a WalkScore® of 58.
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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.