How many apartments are available in 24016 on Rentable.co?

Rentable.co has 34 apartments available for rent in 24016.

What is the average rent for an apartment in 24016?

The average rent for an apartment in 24016 is around $1,030 per month.

What is the average rent for a one-bedroom apartment in 24016?

The average rent for a one-bedroom apartment in 24016 is around $975 per month.

What is the average rent for a two-bedroom apartment in 24016?

The average rent for a two-bedroom apartment in 24016 is around $1,125 per month.

What is the average rent for a studio apartment in 24016?

The average rent for a studio apartment in 24016 is around $900 per month.

Apartments in 24016

Roanoke:
May Rent Report

Welcome to the May 2026 Roanoke Apartment Report. In this assessment of the local rental market, Rentable data scientists and rental experts break down the May 2026 key findings and figures for the Roanoke rental landscape.

Our experts analyze the pricing trends — one-bedroom, two-bedroom, year-over-year and month-over-month — in Roanoke and surrounding areas and provide comparisons to the entire metro area, nearby cities and some of the most desirable and expensive cities in the United States. Take a look at the last 12 months of Roanoke average rent prices in the chart below.

Monthly Rent Report

$1,400

$1,050

$700

$350

Jun. 2025

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Sep. 2025

Oct. 2025

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Jan. 2026

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Apr. 2026

May. 2026

1 BR 2 BR

Roanoke Rent Prices Decrease From April to May

Roanoke rent prices decreased over the last month. From April to May, the city experienced a 0% decrease for the price of a one-bedroom apartment. The rent price for a Roanoke one-bedroom apartments currently stands at $.

When we take a look at the two-bedroom comparison from April to May, Roanoke experienced a 0% decrease for the price of a two-bedroom apartment. The rent price for a Roanoke two-bedroom apartments currently stands at $.

May Prices: Roanoke vs. Surrounding Areas

Rent Prices in Roanoke and Surrounding Areas

Rent prices have decreased in Roanoke over the last month. But how have the surrounding areas fared when it comes to the recent volatility in apartment prices? Rent prices in 0 of the Roanoke suburbs increased last month. On the other hand, 0 local areas experienced a decrease in the price of a one-bedroom apartment.

More key findings include:

Rents did not increase in any of the Roanoke suburbs
Rents did not decrease in any of the Roanoke suburbs.

May 2026 Pricing Trends: Roanoke vs. National Comparisons

Roanoke Rent Prices More Affordable Than Major Cities

Rent growth in Roanoke over the past year has been declining. When compared to major cities nearby, along with some of the most expensive cities in the country, Roanoke average rent prices appear to be relatively affordable for local residents.

The price for a Roanoke one-bedroom apartment remains vastly more affordable than four of the largest cities in the United States — New York City, Washington, D.C. San Francisco and Los Angeles. And pricing compares quite similarly to nearby Midwest cities.

For more information about Roanoke and surrounding area rent prices, take a look at the complete data set below.

Data set for Roanoke and suburbs

	1 BR May	1 BR M/M % Change	2 BR May	2 BR M/M % Change

Methodology

Each month, using over 1 million Rentable listings across the United States, we calculate the median 1-bedroom and 2-bedroom rent prices by city, state, and nation, and track the month-over-month percent change. To avoid small sample sizes, we restrict the analysis for our reports to cities meeting minimum population and property count thresholds.