2 Days Ago
Location
120 Luck Ave Sw, Roanoke, VA 24011, USA|Downtown Roanoke
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Property Overview
The Owl Lofts has garnered a strong Zumper Expert Rating, reflecting its overall quality and value. Key advantages include proximity to a top-rated elementary school just 0.6 miles away and a high school within 2.4 miles. With a value-for-money ranking in the 100th percentile, this property stands out in the area.
This summary uses Zumper’s proprietary data. “Zumper Expert Ratings,” “Things you’ll love,” and “Great for” are based on our internal analyses of market trends and renter insights.
Things you’ll love
Elementary school nearby- High school nearby
- Less expensive
Great for
Social life
Work-from-home
Wellness
Floor plans
| 1BR/1.0BA | 1 bed | 1 bath | 547 sqft | $885 /mo | 1 unit available | The Owl Lofts As a precaution against the spread of COVID-19, we are not holding in-person tours at this time. We are recording video tours and will post a video of this unit or one with the same layout soon. 120 Luck Ave SW Roanoke, VA 24011 RENTAL FEATURES In-Unit Washer/Dryer Range / Oven Refrigerator Dishwasher Microwave Garbage disposal Stainless steel appliances Central A/C Ceiling fans Double pane / Storm windows Cable-ready High-speed internet Original hardwood or concrete flooring High / Vaulted ceiling COMMUNITY FEATURES New property Vintage building Loft layout Secured entry Controlled access Fitness center available 1 block away at sister property Near transportation Discount on covered parking through Park Roanoke On-street parking From bamboo cabinets, countertops made with 100% recycled paper, to Energy Star appliances and fixtures, The Owl Lofts will be a leader in Roanoke's transition to modern 21st century American city. $105 Amenity Fee includes: High Speed Internet & Cable TV, Access to Fitness Room, Stadium-Seated Movie Theater (located at sister property). Nearly 100 years ago, the Owl Garage was a bold idea: Create Roanoke’s only 24-hour service shop and become a household name in the new automobile market. This summer, in a nod to its building’s past, The Owl Lofts makes its debut opening downtown’s most anticipated new apartment community. From the award-winning creators of The Lofts at West Station, Parkway 301 and the 416 MicroFarms, The Owl Lofts brings a building rich in history back to life with cutting edge design, a commitment to sustainability, top flight resident services to the heart of downtown. Pet Policy: $150 Refundable pet deposit + $150 One-time pet fee (for each dog or up to 2 cats). No additional monthly charges. Larger breeds will be considered. Application Process: * $50 app fee per person * Application result determines security deposit amount (typically one month's rent). * Verifiable income of 3x monthy rent is required. * If a co-signer is required, their income must be 5x monthly rent amount. |
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Amenities for The Owl Lofts
Apartment Amenities
| Trash | Water |
Building
| Sewer |
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
Contact for more information on pet policy.
Building details
Property details
| Units | 18 |
|---|
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About The Owl Lofts
The Owl Lofts As a precaution against the spread of COVID-19, we are not holding in-person tours at this time. We are recording video tours and will post a video of this unit or one with the same layout soon. 120 Luck Ave SW Roanoke, VA 24011 RENTAL FEATURES In-Unit Washer/Dryer Range / Oven Refrigerator Dishwasher Microwave Garbage disposal Stainless steel appliances Central A/C Ceiling fans Double pane / Storm windows Cable-ready High-speed internet Original hardwood or concrete flooring High / Vaulted ceiling COMMUNITY FEATURES New property Vintage building Loft layout Secured entry Controlled access Fitness center available 1 block away at sister property Near transportation Discount on covered parking through Park Roanoke On-street parking From bamboo cabinets, countertops made with 100% recycled paper, to Energy Star appliances and fixtures, The Owl Lofts will be a leader in Roanoke's transition to modern 21st century American city. $105 Amenity Fee includes: High Speed Internet & Cable TV, Access to Fitness Room, Stadium-Seated Movie Theater (located at sister property). Nearly 100 years ago, the Owl Garage was a bold idea: Create Roanoke’s only 24-hour service shop and become a household name in the new automobile market. This summer, in a nod to its building’s past, The Owl Lofts makes its debut opening downtown’s most anticipated new apartment community. From the award-winning creators of The Lofts at West Station, Parkway 301 and the 416 MicroFarms, The Owl Lofts brings a building rich in history back to life with cutting edge design, a commitment to sustainability, top flight resident services to the heart of downtown. Pet Policy: $150 Refundable pet deposit + $150 One-time pet fee (for each dog or up to 2 cats). No additional monthly charges. Larger breeds will be considered. Application Process: * $50 app fee per person * Application result determines security deposit amount (typically one month's rent). * Verifiable income of 3x monthy rent is required. * If a co-signer is required, their income must be 5x monthly rent amount.
Zumper Expert Rating
Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
8.4
/10
Very GoodWith a solid 8.4 out of 10 overall, The Owl Lofts is a great option for renters. While some aspects, like Trustworthiness, might not be as distinguished as other properties nearby, The Owl Lofts has a number of attractive features—namely its Location— so you can be assured your rent will come with a high standard of living.
Price·8A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
Scoring a 8/10, The Owl Lofts is a great option for renters looking for apartments in Downtown Roanoke. The rent is significantly lower than the median rent for the area, therefore this property is competitively priced for its location and its features. Residents here will find a home that meets their needs with few trade-offs.
Amenities·8A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
With multiple in-demand amenities, The Owl Lofts is committed to enhancing the renting experience. And while it may have fewer total conveniences and features than similar rentals nearby, it remains a top choice for renters wanting an specific standard of living.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
The Owl Lofts is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·9A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
The Owl Lofts has a few standout characteristics that set it apart from similar properties nearby. Having both verified status and features that cater to discerning renters, this is a great option for renters looking for a specific and exceptional lifestyle.
Trustworthiness·8A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
The level of transparency this property provides distinguishes it as a great rental. With a high attention to detail and desirable features, renters can be sure they will get an accurate picture of their potential new home.
The Owl Lofts is great for:
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 The Owl Lofts compares to other nearby properties.
Positives
- Elementary school nearby
- There is an elementary school 1 mile away
- High school nearby
- There is a high school 2 miles away
- Less expensive
- The 1-bedrooms are cheaper than other similar listings nearby
Considerations
- Lacks images
- Fewer than 10 photos available for this location
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Rent trends in Downtown Roanoke
1-bedroom apartments at The Owl Lofts cost about 26% less than the average rent price for 1-bedroom apartments in Downtown Roanoke.
Median rents as of Sep 27 2025.
Downtown Roanoke
Roanoke
| Month | Median Rent |
|---|---|
| October 2023 | $749 |
| November 2023 | $750 |
| December 2023 | $837 |
| January 2024 | $888 |
| 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 | $712 |
| Month | Median Rent |
|---|---|
| October 2023 | $762 |
| November 2023 | $784 |
| March 2024 | $775 |
| June 2024 | $950 |
| September 2024 | $795 |
| October 2024 | $695 |
| November 2024 | $595 |
| January 2025 | $665 |
| February 2025 | $659 |
| March 2025 | $739 |
| April 2025 | $770 |
| May 2025 | $673 |
| June 2025 | $595 |
| July 2025 | $595 |
| August 2025 | $595 |
Affordability calculator
Can I afford to live at 120 Luck Ave Sw?
Bedrooms
1 bedroomRent-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
$35,400/yr
With your selected rent-to-income ratio, you'd ideally want to make $35,400 annually to afford this 1-bedroom monthly rent price of $885.
For more information on rent affordability, visit our rent calculator.
Schools near The Owl Lofts
Highland Park Elementary School
1212 5th st sw
roanoke, VA, 24016
PK, K-5Public
B
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Internet available near The Owl Lofts
Neighborhood
Downtown Roanoke | Roanoke, VA
NEIGHBORHOOD VIBE
Peaceful and quiet
Noise-canceling headphones not required in this mostly noise free area.
Getting around Roanoke near 120 Luck Ave Sw
Walking
7/10
Grab your reusable bags–many shops and stores are within walking distance.
Driving
8/10
Commuting is easy with multiple accessible routes and plenty of parking.
Cycling
5/10
More spots are within biking distance and some roads are cyclist-friendly.
Transit
7/10
Popular public transit options are just a short walk from this location.
Points of interest for 120 Luck Ave Sw, Roanoke
Groceries
8/10
At least one grocery store within a few minutes' walk
Shopping
5/10
Variety of shops within walking distance
Cafes
6/10
Some cafés within walking distance
Restaurants
6/10
Variety of restaurants within walking distance
Primary schools
10/10
At least one elementary school within a 5-minute walk
High schools
8/10
At least one high school within a 10-minute walk
Nightlife
4/10
Few or no bars within walking distance
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