Lafayette vs Roanoke
Fair Market Rent Comparison — HUD 2025 Data
Quick Answer
Lafayette is 8% cheaper for renters. A 2-bedroom rents for $741/mo vs $803/mo in Roanoke — saving $744/year.
Rent by Unit Size
| Unit Size | Lafayette | Roanoke | Difference |
|---|---|---|---|
| Studio | $502 | $518 | $16 |
| 1 Bedroom | $626 | $643 | $17 |
| 2 Bedrooms | $741 | $803 | $62 |
| 3 Bedrooms | $958 | $980 | $22 |
| 4 Bedrooms | $1,134 | $1,168 | $34 |
| Median Income | $38,989 | $51,099 | $12,110 |
Lafayette
- Studio
- $502/mo
- 1 BR
- $626/mo
- 2 BR
- $741/mo
- 3 BR
- $958/mo
- 4 BR
- $1,134/mo
- Median Income
- $38,989/yr
Roanoke
- Studio
- $518/mo
- 1 BR
- $643/mo
- 2 BR
- $803/mo
- 3 BR
- $980/mo
- 4 BR
- $1,168/mo
- Median Income
- $51,099/yr
Frequently Asked Questions
Is Lafayette or Roanoke cheaper to rent in?
Lafayette is cheaper — a 2-bedroom Fair Market Rent is $741/mo vs $803/mo in Roanoke. That's $62/mo or $744/year more expensive in Roanoke (8% higher).
What is the 2-bedroom rent in Lafayette vs Roanoke?
The HUD Fair Market Rent for a 2-bedroom in Lafayette is $741/month. In Roanoke, a 2-bedroom FMR is $803/month.
How do incomes compare between Lafayette and Roanoke?
The median household income in Lafayette is $38,989/year. In Roanoke it is $51,099/year. Roanoke has the higher median income.
What is the studio rent in Lafayette vs Roanoke?
A studio apartment Fair Market Rent in Lafayette is $502/mo. In Roanoke it is $518/mo.