Comptroveby RentSpire

Melrose Towers

3038 Melrose Ave NW, Roanoke, VA, 24017

Market rate 212 units (unit count basis: listing-reported) FEMA/NRI hazard read: Relatively Low

Asking & effective rent by bedroom

Average asking rent across observed units: $582. Average effective rent: $582.

No bed-level rent observations for this property.

HUD Fair Market Rent gap

HUD area: Roanoke, VA HUD Metro FMR Area.

FMR comparison not observed for this property.

Amenities

No amenities observed for this property.

Operator

not observed

Nearby comparable properties

Comparable apartments with rent data within 3 miles, ranked by the same similarity model used in the product.

PropertyLocationDistanceAvg askingSimilarity
Landsdowne Park Roanoke, VA 0.38 mi $849 75%
Hunt Manor Roanoke, VA 2.14 mi $899 42%

Sources & provenance

Sourced from https://rkehousing.org/melrose-towers/ — 5 observation(s), last observed Jul 29, 2026.

Data age: 19 days. Last observed: Jul 29, 2026.

Market intelligence and decision support only. Not an appraisal, and not a recommendation to set any particular rent. Income-restricted product is never presented as a market-rate comparable — program type above reflects the governed affordability classification, not free-text asset labels.

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