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City Report · TX

Roanoke

Pop. 10,286·157th most expensive in Texas·Rental market data updated monthly for Roanoke, TX
Median rent (all units)
$1,612/mo
Year-over-Year
+4.8%
Month-over-Month
-0.7%
vs US Median
-$353
Falling (Monthly)
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Most AffordableMost Expensive
Roanoke · $1,612
More affordable than 69% of US cities · National median $1,965/mo
Rent Reality Score
71/100
Good value
OverheatedFairGreat value

Rents are 11% below what Roanoke's 10-year trend predicts — a better deal than its own history suggests.

Actual rent
$1,612/mo
Expected by trend
$1,804/mo
The Rent Reality Score compares today's median rent to where Roanoke's own long-run trajectory projects it should be. See the full rankings →
Medians by bedroom

Rent by unit size

Studio
$1,208
1 BR
$1,275
2 BR
$1,490
3 BR
$1,898
4 BR+
$2,402
Research median
$1,490/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$19,344/yr
At $1,612/mo median
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (4.8% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+4.8% YoY, -0.7% MoM), not inventory.
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Demographics

Who lives here

Roanoke, TX is roughly split between renters and owners, has a large share of families with children, has a median income above the national average, 47.1% of residents hold a bachelor's degree or higher.

Population
10,286
Median income
$97,295
Median age
41.5
Renters
45.7%
Age distribution
25.2%
13.7%
38.8%
12.4%
Under 1825.2%
18–3413.7%
35–5438.8%
55–6412.4%
65+9.9%
Gender
46.5%
53.5%
Male46.5%
Female53.5%
Race & ethnicity
61.9%
22.9%
White61.9%
Black4.8%
Hispanic22.9%
Asian5.7%
Other4.7%
Education (25+)
16.6%
25.6%
47.1%
No HS diploma10.6%
HS diploma16.6%
Some college25.6%
Bachelor's+47.1%
Housing tenure
54.3%
45.7%
Owner54.3%
Renter45.7%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How Roanoke, TX has changed in 5 years

Rent
$1,294 → $1,612
up 24.6%
Income
$111,694 → $97,295
down 12.9%
Population
9,270 → 10,286
up 11.0%
Renter share
40.1% → 45.7%
+5.6 pts
Bachelor's+
48.7% → 47.1%
-1.6 pts
Median age
37.5 → 41.5
+4.0 yrs

Rent in Roanoke, TX has climbed 24.6% since 2021, going from about $1,294 per month to roughly $1,612 today. Census figures show median household income at $97,295 today, compared with $111,694 five years earlier. Rent outpaced income growth by roughly 37.5 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. Headcount in the area went from 9,270 to 10,286 between 2021 and 2024, a 11.0% change. About 45.7% of households rent today, against 40.1% in 2021. The combined trend lines point to a market that has changed measurably from where it stood in early 2021.

Community

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View Roanoke rent history (2015–2026) →
Salary vs rent

Can you afford rent in Roanoke on your salary?

At $1,612/mo, how Roanoke rent compares to typical pay (30% rule).

By apartment size

Roanoke rent by bedroom count

Median rent for each apartment size in Roanoke. Click any size for full breakdown.

Local insights

Tips for renters in Roanoke

About renting in Roanoke, TX

Last updated: July 20, 2026

The median rent in Roanoke is $1,612/mo as of July 2026. A studio apartment averages $1,208/mo while a 2-bedroom runs $1,490/mo. One-bedroom apartments average $1,275/mo and 3-bedroom units go for $1,898/mo.

At 20% of local median household income ($97,295/yr), Roanoke ranks as affordable compared to the national benchmark of 30%. Rents have increased 4.8% over the past year.

FAQ

Frequently asked questions

Is Roanoke an affordable city for renters?

Roanoke is considered very affordable for renters. At $1,612/mo, rent takes approximately 20% of the local median household income ($97,295/yr). The standard benchmark is 30%. Roanoke falls comfortably within that range.

How much income do you need to rent in Roanoke?

To keep rent at or below 30% of gross income, you would need to earn at least $64,000/year (~$31/hour full-time) to afford the median rent of $1,612/mo in Roanoke. The local median household income is $97,295/yr, meaning the typical Roanoke household meets that threshold.

Is rent going up or down in Roanoke?

Rent in Roanoke has increased 4.8% over the past year as of July 2026, putting upward pressure on renter budgets.

How does Roanoke rent compare to other cities in Texas?

Roanoke is middle-of-the-pack for Texas for rent, ranking #157 out of 269 tracked cities at $1,612/mo.

What percentage of Roanoke residents rent vs. own?

According to Census data, approximately 45.7% of Roanoke households are renters, while 54.3% are owner-occupied. Roanoke leans toward homeownership, which can mean a smaller rental inventory.

How does Roanoke rent compare to the national average?

Roanoke's median rent of $1,612/mo is $353 (18%) below the US national median of $1,965/mo. Within Texas, it ranks #157 out of 269 tracked cities.
Income Affordability
20%
VERY AFFORDABLE

At $1,612/mo, rent takes ~20% of Roanoke's median household income ($97,295/yr). The standard benchmark is 30%.

Roanoke 20%Benchmark 30%
State income taxNone
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Roanoke, TX

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