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1 Day Ago

Highlights

  • Fitness center
  • Elevator
  • On-street parking
  • Discount on covered parking
  • Garage

Location

301 1st Street Southwest, Roanoke, Virginia 24011, United States|Downtown Roanoke
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Management

The Richmond Loft Company, LLC

Leasing office

(804) 223-0660

Property Overview

Parkway 301 is highly rated with a Zumper score of 8 out of 10, reflecting a strong balance of price and value alongside standout amenities. It excels in location, offering unparalleled access to popular points of interest and community resources, while also highlighting strong support for fitness, social engagement, and remote work capabilities. The property emphasizes trustworthiness and transparency, ensuring prospective renters understand the lifestyle offered.

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.

Zumper Expert Rating

8.0
Very Good
With 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.

Things you’ll love

  • Less expensive
  • High school nearby

Great for

  • Wellness
  • Work-from-home
  • Social life

Floor plans

1BR/1.0BA1 bed1 bath435+ sqft$900–$1,055 /mo5 units availableParkway 301 - Downtown Living At Its Best ***$500 Security Deposit for Qualified Applicants*** 301 1st. SW Roanoke, VA 24011 Application Process: • $50 app fee per person • Application result determines security deposit amount (typically one month's rent). • 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: 1GB 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 • 1GB 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 **Photos and video tour linked to listing may not be of the apartment available for rent, but an example apartment from the building. 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

TrashWater

Building

Sewer

Other

City Water
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

Units89
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About Parkway 301

HomeApartments in RoanokeDowntown Roanoke Parkway 301

Parkway 301 - Downtown Living At Its Best ***$500 Security Deposit for Qualified Applicants*** 301 1st. SW Roanoke, VA 24011 Application Process: • $50 app fee per person • Application result determines security deposit amount (typically one month's rent). • 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: 1GB 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 • 1GB 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 **Photos and video tour linked to listing may not be of the apartment available for rent, but an example apartment from the building. 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 Good
With 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.
How we rated Parkway 301
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

Jeff Loope

Jan 24, 2018

Living in Parkway is great. Close to everything, great gym, clean building and good management. Highly recommend.

S. Coppedge

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:

Wellness

  • On-site fitness center or gym
  • 12 health/wellness centers nearby
  • 24 gyms or yoga centers nearby
  • 7 farmers markets or health food stores nearby

Work-from-home

  • High speed internet is an amenity
  • 4 coworking spaces or cafes within 1 mile
  • 2 office supply stores within 1 mile
  • 2 internet service provider options nearby

Social life

  • 135 restaurants within 1 mile of this property
  • 31 theaters, music venues, or sports arenas nearby
  • 60 museums, art galleries, or cultural centers within 1 mile
  • 166 mixed-use spaces nearby

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

Less expensive
The 1-bedrooms are cheaper than other similar listings nearby
High school nearby
There is a high school 3 miles away

Considerations

Lacks images
Fewer than 10 photos available for this location

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Rent trends in Downtown Roanoke

1-bedroom apartments at Parkway 301 cost about 18% less than the average rent price for 1-bedroom apartments in Downtown Roanoke.

Median rents as of Dec 6 2025.
Downtown Roanoke
Roanoke
A table of studio rental data trends in Roanoke
MonthMedian Rent
December 2023$844
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$700
October 2025$719
November 2025$790
December 2025$749
A table of studio rental data trends in Downtown Roanoke
MonthMedian Rent
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
October 2025$595
November 2025$595
December 2025$595

Affordability calculator

Can I afford to live at 301 1st Street Southwest?

Bedrooms

1 bedroom

Rent-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

$36,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $36,000 annually to afford this 1-bedroom monthly rent price of $900.
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 Street Southwest

Walking

8/10
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 301 1st Street Southwest, Roanoke

Groceries

8/10
At least one grocery store within a few minutes' walk

Shopping

6/10
Variety of shops within walking distance

Cafes

6/10
Some cafés within walking distance

Restaurants

7/10
Variety of restaurants within walking distance

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

5/10
Some bars within walking distance

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