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Updated 4 Hours Ago

Highlights

  • Pet Friendly
  • Off-street parking
  • Stainless steel appliances
  • Wi-fi
  • In-unit washer and dryer
  • Exposed timber beams
  • Original maple wood flooring

Location

505 6th St Sw, Roanoke, VA 24016, USA|Downtown Roanoke
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Contact

Management

Allegheny Partners LLC

Leasing office

(540) 400-8449

Property Overview

The Cotton Mill Lofts offers strong value with a 7.8/10 Zumper expert rating, a standout amenity score, and a highly convenient location, supported by features like off-street parking, stainless steel appliances, Wi-Fi, and in-unit laundry. It also ranks well for value per square foot and is noted for social life, sustainability, pet friendliness, work from home, and fitness and wellness, thanks to nearby transit, parks, restaurants, and recreational options.

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

7.8
Very Good
The Cotton Mill Lofts is worth considering and a notable rental in the neighborhood. Residents prioritizing Amenities will find this property to be a solid option for their next home. It may not stand out for Quality, but it offers a satisfying, above-average quality of life.

Things you’ll love

  • More space
  • Outdoor space

Great for

  • Social life
  • Pet owners
  • Work-from-home

Floor plans

1BR/1.0BA1 bed1 bath830 sqft$1,395 /mo1 unit availableOriginally 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 unique windows and is complete with stainless steel appliances and an in-unit washer and dryer. Access to off-street parking is included. A $145.00 utility fee covers water, sewer, trash, and Wi-Fi. Tenant responsible for Appalachian Power electric billed through Conservice. Pets are welcome with a $250.00 deposit and $30.00 monthly pet rent.

Let's explore this property.

Amenities for The Cotton Mill Lofts

Appliances

In-Unit LaundryMicrowave
RangeRefrigerator
StoveWasher and Dryer

Tech

Fiber High-Speed Internet

Building

Bike Storage RoomCats OK
Community Game RoomDogs OK
Fitness CenterOnsite Fitness Center

Grounds

Community CourtyardFree Off Street Parking
Outdoor SpaceStorage

Services

Water, Sewer & Trash
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

Utilities Close Account Fee

Monthly.

$1.95

Utilities Admin Fee

Monthly.

$5.85

Utilities Monthly Fee

Monthly.

$145

Utilities Set Up Fee

Monthly.

$8

OPTIONAL FEES

Dog Policy

Allowed
Limit1

Cat Policy

Allowed
Limit1

Cat

Pet Terms

1 cat max.

Dog

Pet Terms

1 dog max.

Questions about this property’s policies and fees?

Building details

Property details

Units108
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About The Cotton Mill Lofts

HomeApartments in RoanokeDowntown Roanoke 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 unique windows and is complete with stainless steel appliances and an in-unit washer and dryer. Access to off-street parking is included. A $145.00 utility fee covers water, sewer, trash, and Wi-Fi. Tenant responsible for Appalachian Power electric billed through Conservice. 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.
7.8
/10
Very Good
The Cotton Mill Lofts is worth considering and a notable rental in the neighborhood. Residents prioritizing Amenities will find this property to be a solid option for their next home. It may not stand out for Quality, but it offers a satisfying, above-average quality of life.
How we rated The Cotton Mill Lofts
Price·7A 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.
While the monthly rent is more than the median price per bedroom of nearby properties, The Cotton Mill Lofts has other amenities and features that might compensate for the increased price. The higher monthly rent potentially reflects a higher quality of living that renters might find here, compared to other properties in the area.
Amenities·10A 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.
The Cotton Mill Lofts stands out as a premier property with an impressive array of amenities and an excellent standard of living. Residents here have access to many of the most popular and desired perks—pets allowed—making this one of the top choices for renters seeking unparalleled comfort and convenience.
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·7A 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 Cotton Mill Lofts provides some information about the features available in the community and its apartments, making it a reliable option for prospective renters. Renters should ask additional questions about amenities and non-negotiable items they are looking for.

The Cotton Mill Lofts is great for:

Social life

  • 149 restaurants within 1 mile of this property
  • Areas nearby are accessible by walking
  • Area has 19 parks and recreation options
  • 31 theaters, music venues, or sports arenas nearby

Pet owners

  • Outdoor spaces are available at this property
  • Tile, vinyl or hardwood floors
  • 8 pet supply stores near the property
  • 1 dog park within 1 mile

Work-from-home

  • High speed internet is an amenity
  • 4 coworking spaces or cafes within 1 mile
  • Large windows for natural lighting
  • Quiet environment with little noise pollution

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 271 sqft larger than other listings nearby
Outdoor space
Easy access to the outdoors

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 Cotton Mill Lofts cost about 20% more than the average rent price for 1-bedroom apartments in Downtown Roanoke.

Median rents as of Aug 29 2026.
Downtown Roanoke
Roanoke
A table of studio rental data trends in Roanoke
MonthMedian Rent
September 2024$815
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$887
June 2026$892
July 2026$882
August 2026$896
A table of studio rental data trends in Downtown Roanoke
MonthMedian Rent
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
June 2026$840
July 2026$840

Affordability calculator

Can I afford to live at 505 6th St Sw?

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

$55,800/yr

With your selected rent-to-income ratio, you'd ideally want to make $55,800 annually to afford this 1-bedroom monthly rent price of $1,395.
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

NEIGHBORHOOD VIBE
Peaceful and quiet
Noise-canceling headphones not required in this mostly noise free area.

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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