
Cheap Apartments for Rent in the Colonial Place Neighborhood of Richmond, VA from $800 (61 Rentals)
Search the lowest-cost Apartments available for rent right now in the Colonial Place area of Richmond.


Kensington, Patterson Place and Grove Ave

Legacy Apartments

Kent Road Village

Southern Stove Lofts

1923 Lakeview Ave

1915 Lakeview Ave

1917 Lakeview Ave

Cookie Factory Lofts

The Carousel
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

The 1805

The Collection of Historic Richmond

1721 Blair St

1719 Blair St

Courtyard Lofts

20 S Allen Ave

18 S Allen Ave

Crestwood at Libbie

1913 Lakeview Ave
Richmondās Best Affordable Neighborhoods
Learn about Richmond and the best affordable places to live by our Local Expert Richard Corrigan

1726 Claiborne St

2602 Grove Ave

Penstock Quarter Apartments

Georgetown

Todd Lofts

The Scout Scotts Addition

1328 W Cary St

The Summit at Scotts Addition

The Village at Horsepen
Navigating the Rental Market: Tips for First-Time Renters
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1 Scott's Addition

The Gallery Midtown Apartments

Wellsmith Apartments

10 N Rowland St

Tapestry West

Scott's View

2306 Parkwood Ave, Unit D

3118 Hanover Ave

INK at Scott's Collection
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NOVEL Scott's Addition by Crescent Communities

The Alder on Dabney
Colonial Place, Richmond, VA Local Guide

How much does it cost to rent an apartment in Colonial Place?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Colonial Place Studio Apartments | $1,874 | $1,035 | $5,156 |
Colonial Place 1 Bedroom Apartments | $1,934 | $969 | $6,745 |
Colonial Place 2 Bedroom Apartments | $2,585 | $1,375 | $10,000+ |
Colonial Place 3 Bedroom Apartments | $3,983 | $2,100 | $10,000+ |
Colonial Place 4 Bedroom Apartments | $4,482 | $2,600 | $7,250 |
Browse Apartments in this Neighborhood
There are currently 61 rentals with your search options within a 2 mile radius of the Colonial Place Neighborhood of Richmond, VA.
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Colonial Place, Richmond, VA Local Guide
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Cheapest Available Colonial Place Apartments for Rent
 The cheapest available apartment rental in the Colonial Place area of Richmond, VA is a Studio unit found at Legacy at Imperial Village priced from $835. Legacy Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,085. Here are the most affordable Colonial Place apartments for rent in Richmond, VA:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Legacy at Imperial Village | Studio | Studio,1BA | $835 |
Legacy Apartments | One Bedroom, One Bath | 1BR,1BA | $1,085 |
Guardian Place Apartments | S1 Guardian Place 1 | Studio,1BA | $1,192 |
Southern Stove Lofts | studio | Studio,1BA | $1,275 |
Cookie Factory Lofts | Studio | Studio,1BA | $1,300 |
The Carousel | Jumper | Studio,1BA | $1,325 |
The Scout Scotts Addition | *The 1908 - Income Restricted* | Studio,1BA | $1,330 |
The Collection of Historic Richmond | A6, A7 & A8 | 1BR,1BA | $1,350 |
Crestwood at Libbie | 2X1 | 2BR,1BA | $1,379 |
The Cooperage | 1 Bedroom / 1 Bathroom: Flat | 1BR,1BA | $1,385 |
Best Value Apartments for Rent in Colonial Place, VA
As of May 16, 2025 the best value apartment in the Colonial Place area is the $1.75 price per square foot 1714 W Cary St Model at 1714 W Cary St, Unit 4 in the in the Near West neighborhood starting from $2,900. The second greatest value Colonial Place apartment is the 2411 W Main St Model at 2411 W Main St, Unit Upper starting at $1,995 with a $1.60 price per square foot in the Near West neighborhood. Here is todayās list of the best values for Colonial Place apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
1714 W Cary St, Unit 4 | 1714 W Cary St | 2BR,2.5BA | $1.75 |
2411 W Main St, Unit Upper | 2411 W Main St | 2BR,1BA | $1.60 |
The Ella Scotts Addition | The Ray Jr | 2BR,2BA | $1.94 |
River School Lofts | 2A (RENO) | 2BR,1BA | $1.73 |
1706 Floyd Ave, Unit B | 1706 Floyd Ave | 2BR,1BA | $1.63 |
Courtyard Lofts | The Diamond | 2BR,2BA | $1.62 |
Kensington, Patterson Place and Grove Ave | Kensington Place - Two Bedroom | 2BR,1BA | $1.58 |
South Arthur | 1/1 | 1BR,1BA | $1.65 |
Legacy Apartments | One Bedroom, One Bath - Patio | 1BR,1BA | $1.73 |
Crestwood at Libbie | 2X1 | 2BR,1BA | $2.10 |
Quick Rent Budget Calculator
How much rent can you afford?
The common "Rule of Thumb" is that rent should be no more than 30% of your income. How much is that? Enter your monthly income and click "Calculate My Budget" to find out.
Pet Friendly LifestyleColonial Place, Richmond, VA
Ranked #65
Among neighborhoods in Richmond, VA for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in Colonial Place, Richmond, VA
School data provided by Great Schools
Getting Around the Colonial Place Neighborhood in Richmond, VA
Walk Score®
49 / 100
Car-Dependent
Most errands require a car
Bike Score®
48 / 100
Somewhat Bikeable
Minimal bike infrastructure
Transit Score®
33 / 100
Some Transit
A few nearby public transportation options
What Are Walk ScoreĀ®, Transit ScoreĀ®, and Bike ScoreĀ® Ratings?
- Walk ScoreĀ® measures the walkability of any address.
- Transit ScoreĀ® measures access to public transit.
- Bike ScoreĀ® measures the bikeability of any address.
Frequently Asked Questions about Cheap Colonial Place Apartments
What is a cheap apartment in Colonial Place?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Colonial Place is under $1,385.
What is the price of a cheap apartment in Colonial Place?
The cheapest apartment in Colonial Place is Legacy at Imperial Village which is listed at $1,085, while the average apartment in Colonial Place costs $3,310.
What types of apartments are the cheapest in Colonial Place?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 62 regular apartments in Colonial Place that we think qualify as ācheap apartmentsā that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Colonial Place?
Cheap apartments in Colonial Place have an average cost of $292 which is $3,018 cheaper than the average rent for all rentals in Colonial Place.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
The rental experts at ApartmentHomeLiving.com provide you with top advice, tools, and tips for understanding the leasing process and finding the perfect rental. Here are a few helpful rental and leasing articles from our experts to guide you on your search.

A Local Experts Guide To the Top Budget-Friendly Neighborhoods to Rent in Richmond, VA
Written by: Richard Corrigan
Richmond is rightly considered one of the best places to live on the East Coast. We love Richmondās rich history, phenomenal culinary scene, unique art and culture, and its next-level parks and green spaces.

Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isnāt just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If youāre looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

Navigating the Rental Market: Tips for First-Time Renters
Written by: Sandy Baker
Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.