Cheap Apartments for Rent in 24016
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PET FRIENDLY$895 - $1,035/mo
Studio-1 Bed
1 Bath631 Campbell Ave LLC - Residential | 631 Campbell Ave SW #202,
Roanoke, VA 24016
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Average Rent Trends in 24016
Rent in 24016 varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent stayed about the same in May 2026 compared to the previous month. Rent previously peaked in Jul 2025.
| Month | Average rent |
|---|---|
| Jun 2025 | $1,200 |
| Jul 2025 | $1,299 |
| Aug 2025 | $1,150 |
| Sep 2025 | $1,150 |
| Oct 2025 | $1,095 |
| Nov 2025 | $1,095 |
| Dec 2025 | $1,050 |
| Jan 2026 | $1,100 |
| Feb 2026 | $1,123 |
| Mar 2026 | $1,095 |
| Apr 2026 | $1,095 |
| May 2026 | $1,100 |
Average Rent By Bedroom and Home Type
In May 2026, Apartments and Condos were the most affordable home type to rent compared with Townhomes and Houses.
| 1 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | $1,035 | $1,175 | $1,295 | $1,795 | $1,100 |
| Townhomes | — | $1,250 | — | — | $1,250 |
| Apartments and Condos | $1,100 | $1,249 | $1,295 | — | $1,150 |
| Houses | — | $1,050 | $1,450 | $1,795 | $1,500 |
Frequently Asked Questions about Rentals in 24016
- What is the average rent of an apartment in 24016?The average rent of an apartment in 24016 is $1,100 per month. This is about 43% lower than the national average.
- What is the average rent of a house in 24016?The average rent of a house in 24016 is $1,500 per month. This is about 22% lower than the national average.
- What is the average rent of a townhome in 24016?The average rent of a townhome in 24016 is $1,250 per month. This is about 35% lower than the national average.
- When is the average rent cheapest in 24016?In the last year, the average rent in 24016 was lowest in Dec 2025 when it was $1,050 per month.
- When is the average rent most expensive in 24016?In the last year, the average rent in 24016 was highest in Jul 2025 when it was $1,299 per month.
- How does the rent of a 1 bedroom apartment compare to a studio apartment in 24016?The average rent of a 1 bedroom apartment in 24016 is $1,035 per month. That is about $124 more than the cost of a studio apartment.
- How many available rental listings are in 24016?There are 83 available rental listings in 24016.
- What are some cities near 24016?