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Location

516 Elm Ave Sw, Roanoke, VA 24016, USA|Old Southwest

Tour 516 Elm Ave Sw

Contact

Park Place Realty INC

(540) 342-1010

Amenities for 516 Elm Ave Sw, Old Southwest

Appliances

DishwasherIn-Unit Laundry
Microwave Built InRange
RefrigeratorWasher/Dryer As Is
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

Not allowed

Cat Policy

Not allowed

No pets allowed.

Questions about this property’s policies and fees?

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About 516 Elm Ave Sw

HomeHouses in RoanokeOld Southwest 516 Elm Ave Sw, Roanoke, VA 24016, USA

*AVAILABLE mid-FEB 2026** Walking distance to Highland Park, Greenway, Downtown & Wasena plus proximity to the Hospital. This circa 1920 home features 3-bedroom, 2.5 baths including primary suite with 1,776 sq ft. Renovated in 2018, this home offers a delightful covered front porch, mature landscaping, HW floors throughout, fresh paint and lots of natural lighting. Entry level starts with an inviting foyer, open living room & dining room with brick accents. Continue to the nicely updated kitchen with granite countertops, SS appliances including gas cooking & dishwasher. Providing a large pantry, breakfast nook/mudroom & half bath. Rear covered deck & fenced in backyard. Upper level offers primary suite with updated bathroom & dressing room with closet. 2 add'l bedrooms, oversized hall bath plus laundry (W/D Provided as-is) & linen closet. New HVAC system – zoned heating & cooling. Full basement with plenty of storage, off-street parking in the rear off alley. Tenant responsible for gas, electric and water. **Credit check with score of 625+ is required prior to showing - e-mail screenshot to info @ PPRVA .com ** **NO PETS** **One Year Lease Required App Fee: $50/pp; Security Deposit $2100 Managed By: Park Place REALTORS 445 Elm Ave SW Roanoke, VA 24016 www PPRVA com


Address details

NeighborhoodOld Southwest
Zip code24016
TypeHouse for rent

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Rent trends in Old Southwest

Median rents as of Jan 17 2026.
Old Southwest
Roanoke
A table of studio rental data trends in Roanoke
MonthMedian Rent
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$773
January 2026$764
A table of studio rental data trends in Old Southwest
MonthMedian Rent
December 2025$749

Affordability calculator

Can I afford to live at 516 Elm Ave Sw?

Bedrooms

3 bedrooms

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

$88,000/yr

With your selected rent-to-income ratio, you'd ideally want to make $88,000 annually to afford this 3-bedrooms monthly rent price of $2,200.
For more information on rent affordability, visit our rent calculator.

Schools near 516 Elm Ave Sw

Highland Park Elementary School

1212 5th st sw

roanoke, VA, 24016

PK, K-5Public
B
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Internet available near 516 Elm Ave Sw

Getting around Roanoke near 516 Elm Ave Sw

Walking

7/10
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

7/10
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 516 Elm Ave 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 a few minutes’ walk

Restaurants

6/10
Some restaurants within a few minutes’ walk

Primary schools

9/10
At least one elementary school within a 10-minute walk

High schools

6/10
At least one high school within a 20-minute walk

Nightlife

4/10
Some bars within walking distance

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