1 Day Ago
Location
516 Elm Ave Sw, Roanoke, VA 24016, USA|Old Southwest
Tour 516 Elm Ave Sw
Contact
Park Place Realty INC
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Property Overview
Situated in a desirable neighborhood, the location offers convenient access to urban amenities, parks, and public transportation. Various features enhance the living experience, including spacious interiors and updated appliances. This property is ideal for those seeking a blend of comfort and accessibility in a vibrant community.
This summary uses Zumper’s proprietary data. “Things you’ll love” and “Great for” are based on our internal analyses of market trends and renter insights.
Things you’ll love
More space- Elementary school nearby
- Dishwasher
Great for
Social life
Wellness
Work-from-home
Amenities for 516 Elm Ave Sw, Old Southwest
Appliances
| Dishwasher | In-Unit Laundry |
| Microwave Built In | Range |
| Refrigerator | Washer/Dryer As Is |
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.
Policies and fees
Applicants
Applicants
One-time.
Contact Property
REQUIRED FEES
Security Deposit
One-time. Refundable.
Contact Property
Dog Policy
Not allowed
Cat Policy
Not allowed
No pets allowed.
Questions about this property’s policies and fees?
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About 516 Elm Ave Sw
*AVAILABLE mid-FEB 2026** Walking distance to Highland Park, Greenway, Downtown & Wasena plus proximity to the Hospital. This circa 1920 home features 3-bedroom, 2.5 baths including primary suite with 1,776 sq ft. Renovated in 2018, this home offers a delightful covered front porch, mature landscaping, HW floors throughout, fresh paint and lots of natural lighting. Entry level starts with an inviting foyer, open living room & dining room with brick accents. Continue to the nicely updated kitchen with granite countertops, SS appliances including gas cooking & dishwasher. Providing a large pantry, breakfast nook/mudroom & half bath. Rear covered deck & fenced in backyard. Upper level offers primary suite with updated bathroom & dressing room with closet. 2 add'l bedrooms, oversized hall bath plus laundry (W/D Provided as-is) & linen closet. New HVAC system – zoned heating & cooling. Full basement with plenty of storage, off-street parking in the rear off alley. Tenant responsible for gas, electric and water. **Credit check with score of 625+ is required prior to showing - e-mail screenshot to info @ PPRVA .com ** **NO PETS** **One Year Lease Required App Fee: $50/pp; Security Deposit $2100 Managed By: Park Place REALTORS 445 Elm Ave SW Roanoke, VA 24016 www PPRVA com
Property highlights
We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.How 516 Elm Ave Sw compares to other nearby properties.
Positives
- More space
- The 3-bedroom is 448 sqft larger than other listings nearby
- Elementary school nearby
- There is an elementary school 0.2 mile away
- Dishwasher
- Dishwasher available in kitchen
- Images Available
- There are at least 10 photos of this address
Considerations
- Greater distance from middle schools
- The nearest middle school is farther than 1 mile away
Address details
| Neighborhood | Old Southwest |
|---|---|
| Zip code | 24016 |
| Type | House for rent |
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Rent trends in Old Southwest
Median rents as of Jan 17 2026.
Old Southwest
Roanoke
| Month | Median Rent |
|---|---|
| February 2024 | $750 |
| March 2024 | $810 |
| April 2024 | $950 |
| May 2024 | $950 |
| June 2024 | $1,042 |
| July 2024 | $1,077 |
| August 2024 | $926 |
| September 2024 | $817 |
| October 2024 | $783 |
| November 2024 | $697 |
| December 2024 | $746 |
| January 2025 | $936 |
| February 2025 | $839 |
| March 2025 | $811 |
| April 2025 | $806 |
| May 2025 | $808 |
| June 2025 | $865 |
| July 2025 | $895 |
| August 2025 | $1,002 |
| September 2025 | $700 |
| October 2025 | $719 |
| November 2025 | $790 |
| December 2025 | $773 |
| January 2026 | $764 |
| Month | Median Rent |
|---|---|
| December 2025 | $749 |
Affordability calculator
Can I afford to live at 516 Elm Ave Sw?
Bedrooms
3 bedroomsRent-to-income ratio
30%
Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income
$88,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $88,000 annually to afford this 3-bedrooms monthly rent price of $2,200.
For more information on rent affordability, visit our rent calculator.
Schools near 516 Elm Ave Sw
Highland Park Elementary School
1212 5th st sw
roanoke, VA, 24016
PK, K-5Public
B
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Internet available near 516 Elm Ave Sw
Getting around Roanoke near 516 Elm Ave Sw
Walking
7/10
Grab your reusable bags–many shops and stores are within walking distance.
Driving
7/10
This area is close to freeways and has adequate parking options.
Cycling
7/10
Peddling isn’t a problem with cyclist-friendly streets and bikeable destinations.
Transit
4/10
There are a few mass transit options within the area.
Points of interest for 516 Elm Ave Sw, Roanoke
Groceries
9/10
At least one supermarket within a 10-minute walk
Shopping
5/10
Several shops within walking distance
Cafes
4/10
Some cafés within a few minutes’ walk
Restaurants
6/10
Some restaurants within a few minutes’ walk
Primary schools
9/10
At least one elementary school within a 10-minute walk
High schools
6/10
At least one high school within a 20-minute walk
Nightlife
4/10
Some bars within walking distance
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