10 Hours Ago
Highlights
Pet Friendly
Location
505 6th St Sw, Roanoke, VA 24016, USA|Downtown Roanoke
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Property Overview
The Cotton Mill Lofts offers a well-rounded living experience, reflected in Zumper’s expert rating and supported by strong advantages in comfort, style, and overall value. Residents can appreciate a mix of practical conveniences and distinctive features that enhance everyday living, making this community appealing to renters seeking both character and functionality.
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
More space
Great for
Wellness
Social life
Pet owners
Floor plans
| 1BR/1.0BA | 1 bed | 1 bath | 800 sqft | $1,275 /mo | 1 unit available | Originally built in 1925, The Cotton Mill Lofts is a beautifully restored historic textile mill that has been transformed into modern loft apartments. Blending luxury with rich character, this one bedroom/one bath unit features original maple wood flooring and exposed timber beams. This unit has an atrium view and is complete with stainless steel appliances and an in-unit washer and dryer. Access to off-street parking is included. A $135.00 utility fee covers water, sewer, trash, and Wi-Fi. Pets are welcome with a $250.00 deposit and $30.00 monthly pet rent. |
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Amenities for The Cotton Mill Lofts
Building
| Cats OK | Dogs OK |
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
Allowed
Limit1
Cat Policy
Allowed
Limit1
Questions about this property’s policies and fees?
Building details
Property details
| Units | 108 |
|---|
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About The Cotton Mill Lofts
Originally built in 1925, The Cotton Mill Lofts is a beautifully restored historic textile mill that has been transformed into modern loft apartments. Blending luxury with rich character, this one bedroom/one bath unit features original maple wood flooring and exposed timber beams. This unit has an atrium view and is complete with stainless steel appliances and an in-unit washer and dryer. Access to off-street parking is included. A $135.00 utility fee covers water, sewer, trash, and Wi-Fi. Pets are welcome with a $250.00 deposit and $30.00 monthly pet rent.
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.
8.1
/10
Very GoodWith a solid 8.1 out of 10 overall, The Cotton Mill Lofts is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, The Cotton Mill Lofts has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.
Price·9A 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.
The Cotton Mill Lofts stands out with a remarkable rating of 9/10 for its cost per bedroom compared to other rentals in the area. Considering the excellent balance between price, convenience, and comfort that it provides, residents enjoy a high-quality living experience.
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 Cotton Mill 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 Cotton Mill 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·6A 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 The Cotton Mill Lofts does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
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 Cotton Mill 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 Cotton Mill Lofts compares to other nearby properties.
Positives
- More space
- The 1-bedroom is 200 sqft larger than other listings nearby
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Rent trends in Downtown Roanoke
1-bedroom apartments at The Cotton Mill Lofts cost about 16% more than the average rent price for 1-bedroom apartments in Downtown Roanoke.
Median rents as of Apr 25 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 |
| 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 505 6th 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
$51,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $51,000 annually to afford this 1-bedroom monthly rent price of $1,275.
For more information on rent affordability, visit our rent calculator.
Schools near The Cotton Mill Lofts
Wasena Elementary School
1125 sherwood ave sw
roanoke, VA, 24015
PK, K-5Public
B
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Internet available near The Cotton Mill Lofts
Neighborhood
Downtown Roanoke | Roanoke, VA
Getting around Roanoke near 505 6th St Sw
Walking
6/10
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
6/10
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 505 6th St 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 walking distance
Restaurants
6/10
Some restaurants within a few minutes’ walk
Primary schools
9/10
At least one elementary school within a 5-minute walk
High schools
6/10
At least one high school within a 15-minute walk
Nightlife
4/10
Some bars within walking distance
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