2 Hours Ago
Highlights
- Fitness center
- Elevator
- On-street parking
- Discount on covered parking
- Garage
Location
301 1st St Sw, Roanoke, VA 24011, USA|Downtown Roanoke
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Property Overview
Parkway 301 is a highly rated, value-forward property, earning 8/10 overall with strong scores for price, amenities, location, and trustworthiness, plus a 100th-percentile value-for-money ranking in its area. Residents benefit from convenient access to nearby top-rated schools, extensive dining, cultural, and entertainment options, and strong infrastructure for fitness, wellness, and working from home, supported by an on-site fitness center, high-speed internet, elevator access, and multiple parking options including discounted covered parking and garage.
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
Work-from-home
Wellness
Social life
Floor plans
| 1BR/1.0BA | 1 bed | 1 bath | 476+ sqft | $875–$1,045 /mo | 5 units available | Parkway 301 - Downtown Living At Its Best www parkway301 com www richmondloftco com 301 1st. SW Roanoke, VA 24011 Application Process: • $50 app fee per person • Application result determines security deposit amount (typically one month's rent). ****** $500.00 Security deposit to qualified applicants****** • Verifiable income of 3x monthly rent is required. • If a co-signer is required, their income must be 5x monthly rent amount. $110 Amenity Fee includes: 1Gig High Speed Internet, Fitness Room, Stadium-Seated Movie Theater. Features Include: • Washer/Dryer In Unit • Freezer w/Ice Maker • Dishwasher • Microwave • Garbage Disposal • Central A/C • Ceiling Fans • Skywire High Speed Internet • Terrazzo Floors • Track Lighting & Ceiling Fans • Richlite Paper Stone Counters • Solid Core, Ebony Stained Pocket Doors • ADA Compliant COMMUNITY FEATURES • Elevator • Disability access • Fitness center • Secured Entry with Key Card Access • Near transportation • Discount on covered parking through Park Roanoke • On-street parking • Garage -- Detached Pet Policy: • $150 Refundable pet deposit • $150 One-time pet fee for each dog or $75 per cat. • $25 monthly pet rent. • Larger dog breeds will be considered. • Must show documentation that male cats have been neutered **Video tour linked to listing may not be of the apartment available for rent, but an example apartment with a similar layout. Please inquire by email with any questions** Located in the same building: Fortunato: Farm-to-Table Italian featuring the best Neapolitan pizzas and hand made pasta in Roanoke. 4.8 star rating with over 600 reviews on Open Table. Stellina: An impossibly tiny bar known for the best hand crafted cocktails in the Roanoke Valley. Voted #1 Nightlife in Roanoke by TripAdvisor and featured as one of the country's 10 Best Tiny Bars by the New York Post. Located in downtown Roanoke. Residents can walk to over 60 restaurants, wine bars and nightspots. This adaptive re-use project included the renovation of a seven story, 100-year-old office building in the heart of downtown Roanoke. Formerly known as the Shenandoah Building, the name was changed to Parkway 301 to pay tribute to the building's past as the Birthplace of the Blue Ridge Parkway. Equal Housing Opportunity |
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Amenities for Parkway 301
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
Applicants
Applicants
One-time.
Contact Property
REQUIRED FEES
Security Deposit
One-time. Refundable.
Contact Property
Building details
Property details
| Units | 89 |
|---|
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About Parkway 301
Parkway 301 - Downtown Living At Its Best www parkway301 com www richmondloftco com 301 1st. SW Roanoke, VA 24011 Application Process: • $50 app fee per person • Application result determines security deposit amount (typically one month's rent). ****** $500.00 Security deposit to qualified applicants****** • Verifiable income of 3x monthly rent is required. • If a co-signer is required, their income must be 5x monthly rent amount. $110 Amenity Fee includes: 1Gig High Speed Internet, Fitness Room, Stadium-Seated Movie Theater. Features Include: • Washer/Dryer In Unit • Freezer w/Ice Maker • Dishwasher • Microwave • Garbage Disposal • Central A/C • Ceiling Fans • Skywire High Speed Internet • Terrazzo Floors • Track Lighting & Ceiling Fans • Richlite Paper Stone Counters • Solid Core, Ebony Stained Pocket Doors • ADA Compliant COMMUNITY FEATURES • Elevator • Disability access • Fitness center • Secured Entry with Key Card Access • Near transportation • Discount on covered parking through Park Roanoke • On-street parking • Garage -- Detached Pet Policy: • $150 Refundable pet deposit • $150 One-time pet fee for each dog or $75 per cat. • $25 monthly pet rent. • Larger dog breeds will be considered. • Must show documentation that male cats have been neutered **Video tour linked to listing may not be of the apartment available for rent, but an example apartment with a similar layout. Please inquire by email with any questions** Located in the same building: Fortunato: Farm-to-Table Italian featuring the best Neapolitan pizzas and hand made pasta in Roanoke. 4.8 star rating with over 600 reviews on Open Table. Stellina: An impossibly tiny bar known for the best hand crafted cocktails in the Roanoke Valley. Voted #1 Nightlife in Roanoke by TripAdvisor and featured as one of the country's 10 Best Tiny Bars by the New York Post. Located in downtown Roanoke. Residents can walk to over 60 restaurants, wine bars and nightspots. This adaptive re-use project included the renovation of a seven story, 100-year-old office building in the heart of downtown Roanoke. Formerly known as the Shenandoah Building, the name was changed to Parkway 301 to pay tribute to the building's past as the Birthplace of the Blue Ridge Parkway. Equal Housing Opportunity
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.
8.0
/10
Very GoodWith a solid 8 out of 10 overall, Parkway 301 is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, Parkway 301 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, Parkway 301 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, Parkway 301 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.
Parkway 301 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·7A 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.
While it may not have as many distinctive features as similar properties in the surrounding area, renters can trust Parkway 301 to provide reasonable accomodations and accurate details about its community.
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.
Reviews from the web
Showing 6 highest rated
I called Parkway 301 home for 4 years, and being situated in the heart of downtown Roanoke, you have everything that you need at your disposal. Restaurants, parking, and the energy of downtown on a quiet, tree lined street. The management is unparalleled, and addresses any issues that you may have immediately. If you're looking for a great apartment in downtown Roanoke, Parkway 301 is in a league of it's own, and the unobstructed view from the top floor is pretty incredible!
Jeff Loope
Jan 24, 2018
Living in Parkway is great. Close to everything, great gym, clean building and good management. Highly recommend.
S. Coppedge
Jan 23, 2018
We’re sharing just 6 of many, sorted highest to lowest. Visit the Google business profile to view all reviews.
Parkway 301 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 Parkway 301 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 3 miles away
- Less expensive
- The 1-bedrooms are cheaper than other similar listings nearby
Considerations
- Fewer storage options
- Limited cabinet or closet space
- Lacks images
- Fewer than 10 photos available for this location
- No in-unit dishwasher
- Dishwashers aren't available
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Rent trends in Downtown Roanoke
1-bedroom apartments at Parkway 301 cost about 17% less than the average rent price for 1-bedroom apartments in Downtown Roanoke.
Median rents as of May 2 2026.
Downtown Roanoke
Roanoke
| Month | Median Rent |
|---|---|
| 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 | $755 |
| February 2026 | $751 |
| March 2026 | $754 |
| April 2026 | $880 |
| May 2026 | $895 |
| Month | Median Rent |
|---|---|
| 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 |
| October 2025 | $595 |
| November 2025 | $595 |
| December 2025 | $595 |
| January 2026 | $595 |
| April 2026 | $595 |
Affordability calculator
Can I afford to live at 301 1st St 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
$35,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $35,000 annually to afford this 1-bedroom monthly rent price of $875.
For more information on rent affordability, visit our rent calculator.
Schools near Parkway 301
Highland Park Elementary School
1212 5th st sw
roanoke, VA, 24016
PK, K-5Public
B
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Internet available near Parkway 301
Getting around Roanoke near 301 1st St Sw
Walking
7/10
Grab your reusable bags–many shops and stores are within walking distance.
Driving
8/10
This area is close to freeways and has adequate parking options.
Cycling
5/10
More spots are within biking distance and some roads are cyclist-friendly.
Transit
8/10
Popular public transit options are just a short walk from this location.
Points of interest for 301 1st St Sw, Roanoke
Groceries
9/10
At least one supermarket within a 10-minute walk
Shopping
6/10
Several shops within a few minutes’ walk
Cafes
6/10
Some cafés within a few minutes’ walk
Restaurants
7/10
Variety of restaurants within a few minutes' walk
Primary schools
9/10
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
Some bars within walking distance
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