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Highlights

  • Pet Friendly

Location

501 Allison Ave Sw #7, Roanoke, VA 24016, USA|Old Southwest

Tour 501 Allison Ave Sw #7

Contact

Cornerstone Property Management

(844) 335-5065 ext. 6663

Amenities for 501 Allison Ave Sw #7, Old Southwest

Apartment Amenities

BalconyCarpet

Appliances

In-Unit Laundry

Building

Cats OKDogs OK

Services

On-Site Management
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.

$895

OPTIONAL FEES

Cat Policy

Allowed

Large Dog Policy

Allowed

Other Policy

Allowed

Small Dog Policy

Allowed

Cat

Pet Terms

2 cats max. All pets must be approved by Owner. Limit of two pets.

Large Dog

Pet Terms

2 large dogs max. All pets must be approved by Owner. Limit of two pets.

Other

Pet Terms

2 others max. All pets must be approved by Owner. Limit of two pets.

Small Dog

Pet Terms

2 small dogs max. All pets must be approved by Owner. Limit of two pets.

Questions about this property’s policies and fees?

Building details

Property details

Lease terms12+ months
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About 501 Allison Ave Sw #7

HomeApartments in RoanokeOld Southwest 501 Allison Ave Sw #7, Roanoke, VA 24016, USA
sweet deal icon
Sweet deal!
This listing is 25% below the median price for 2 bedroom apartments in Old Southwest.

2-bedroom, 1-bathroom apartment at 501 Allison Ave Sw #7 in Roanoke City offering comfortable living in a convenient location. This well-maintained unit features a functional layout with bright living spaces, spacious bedrooms, and a full bathroom designed for everyday comfort. The home provides easy access to downtown Roanoke, local dining, shopping, and major commuter routes, making it ideal for residents who want both convenience and neighborhood charm. Enjoy simple, practical living in a centrally located property managed by Cornerstone Property Management. By submitting your information on this page you consent to being contacted by the Property Manager and RentEngine via SMS, phone, or email.


Address details

NeighborhoodOld Southwest
Zip code24016
TypeApartment for rent

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Rent trends in Old Southwest

2-bedroom apartments at 501 Allison Ave Sw #7 cost about 25% less than the average rent price for 2-bedroom apartments in Old Southwest.

Median rents as of May 9 2026.
Old Southwest
Roanoke
A table of 2-bedroom apartment rental data trends in Roanoke
MonthMedian Rent
May 2024$1,263
June 2024$1,271
July 2024$1,437
August 2024$1,324
September 2024$1,271
October 2024$1,181
November 2024$1,160
December 2024$1,154
January 2025$1,124
February 2025$1,167
March 2025$1,173
April 2025$1,152
May 2025$1,099
June 2025$1,118
July 2025$1,100
August 2025$1,123
September 2025$1,129
October 2025$1,108
November 2025$1,100
December 2025$1,100
January 2026$1,110
February 2026$1,112
March 2026$1,109
April 2026$1,149
May 2026$1,137
A table of 2-bedroom apartment rental data trends in Old Southwest
MonthMedian Rent
May 2024$1,095
June 2024$1,119
August 2024$1,150
September 2024$1,150
October 2024$1,150
November 2024$975
December 2024$990
January 2025$940
February 2025$924
July 2025$1,100
August 2025$1,100
November 2025$1,027
December 2025$1,000
January 2026$1,100
February 2026$1,200
March 2026$1,111
April 2026$1,080
May 2026$1,149

Affordability calculator

Can I afford to live at 501 Allison Ave Sw #7?

Bedrooms

2 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

$35,800/yr

With your selected rent-to-income ratio, you'd ideally want to make $35,800 annually to afford this 2-bedrooms monthly rent price of $895.
For more information on rent affordability, visit our rent calculator.

Schools near 501 Allison Ave Sw #7

Highland Park Elementary School

1212 5th st sw

roanoke, VA, 24016

PK, K-5Public
B
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Internet available near 501 Allison Ave Sw #7

Getting around Roanoke near 501 Allison Ave Sw #7

Walking

6/10
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

6/10
Peddling isn’t a problem with cyclist-friendly streets and bikeable destinations.

Transit

3/10
There are a few mass transit options within the area.

Points of interest for 501 Allison Ave Sw #7, Roanoke

Groceries

8/10
At least one supermarket within a 10-minute walk

Shopping

4/10
Several shops within walking distance

Cafes

3/10
Some cafés within walking distance

Restaurants

5/10
Some restaurants within a few minutes’ walk

Primary schools

10/10
At least one elementary school within a 5-minute walk

High schools

3/10
At least one high school within a 30-minute walk

Nightlife

3/10
Some bars within walking distance

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