
Cheap Apartments for Rent in the Colonial Place Neighborhood of Richmond, VA from $800 (83 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

2601 Park Ave

1917 Lakeview Ave

2809 Grove Ave, Unit Apt C

3208 Ellwood Ave

403 Cleveland St

1721 Blair St

The Collection of Historic Richmond

1719 Blair St

Kent Road Village

1915 Lakeview Ave

Southern Stove Lofts

The Gallery Midtown Apartments

Wellsmith Apartments

The Carousel

Cookie Factory Lofts

1 Scott's Addition

The Scout Scott's Addition

The Village at Horsepen

Crestwood at Libbie

6 S Granby St

2711 W Grace St

2606 Grove Ave

1728 Claiborne St

1726 Claiborne St

Tapestry West

1523 W Cary St

Todd Lofts

Penstock Quarter Apartments

The Alder on Dabney

The Cooperage

The Summit at Scotts Addition

301 S Granby St

3206 Ellwood Ave

The Ella Scott's Addition

1900 Lakeview Ave

Scott's View

NOVEL Scott's Addition by Crescent Communities

2900 Kensington Ave

SYMBOL Scott's Addition

Malvern Manor Apartments

3204 Stuart Ave, Unit D
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 | $1,766 | $1,035 | $4,158 |
Colonial Place 1 Bedroom Apartments | $1,932 | $969 | $6,311 |
Colonial Place 2 Bedroom Apartments | $2,475 | $1,379 | $9,499 |
Colonial Place 3 Bedroom Apartments | $3,829 | $1,812 | $9,232 |
Colonial Place 4 Bedroom Apartments | $7,250 | $7,250 | $7,250 |
Browse Apartments in this Neighborhood
There are currently 83 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 | $1,159 |
3425 Kensington Avenue | 1BR/1.0BA | 1BR,1BA | $1,175 |
The Collection of Historic Richmond | A3, A4 & A5 | 1BR,1BA | $1,199 |
Southern Stove Lofts | studio | 1BR,1BA | $1,250 |
The Gallery Midtown Apartments | Classic Ellwood | 1BR,1BA | $1,255 |
Wellsmith Apartments | S2 | Studio,1BA | $1,296 |
Scotts Edge | 1BR-239 | 1BR,1BA | $1,299 |
Cookie Factory Lofts | Studio | Studio,1BA | $1,300 |
Best Value Apartments for Rent in Colonial Place, VA
As of March 23, 2025 the best value apartment in the Colonial Place area is the $1.73 price per square foot 2A (RENO) Model at River School Lofts in the in the Far West neighborhood starting from $2,110. The second greatest value Colonial Place apartment is the 1706 Floyd Ave Model at 1706 Floyd Ave, Unit B starting at $1,850 with a $1.54 price per square foot in the Near West neighborhood. Here is today’s 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. |
---|---|---|---|
River School Lofts | 2A (RENO) | 2BR,1BA | $1.73 |
1706 Floyd Ave, Unit B | 1706 Floyd Ave | 2BR,1BA | $1.54 |
Cutshaw Apartments | 2BR/2.0BA | 2BR,2BA | $1.88 |
3425 Kensington Avenue | 2BR/1.0BA | 2BR,1BA | $1.58 |
Georgetown | Monument | 2BR,1BA | $1.64 |
3514 Park Ave. | 2BR/1.5BA | 2BR,1.5BA | $1.65 |
1510 Belleville | A7 | 1BR,1BA | $2.06 |
Courtyard Lofts | The Leigh | 1BR,1BA | $1.98 |
Legacy Apartments | One Bedroom, One Bath - Patio | 1BR,1BA | $1.73 |
Crestwood at Libbie | 2X1 | 2BR,1BA | $2.10 |
Quick Rent Budget Calculator
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Pet Friendly LifestyleColonial Place, Richmond, VA
Ranked #71
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
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 Score®, Transit Score®, and Bike Score® Ratings?
- Walk Score® measures the walkability of any address.
- Transit Score® measures access to public transit.
- Bike Score® 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 $1,300.
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 $7,250.
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 4,010 regular apartments in Colonial Place that we think qualify as ‘cheap apartments’ 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 $272 which is $6,978 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.

Understanding Amenity Fees: Know Where You Might Be Able to Save Money
Written by: Amber Kanuckel
With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

What to Know About Fees and Fines When Renting
Written by: Trey Huguley
When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

Battling the Butts: Your Guide to the Reality of Smoke-Free Renting
Written by: Andrea Lee Negroni, JD
While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.

How Your Move-In Inspection Can Protect Your Security Deposit
Written by: Christine Leonard, Esq.
If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.