Cheap Apartments for Rent in the Colonial Avenue Area Roanoke, VA from $500 (19 Rentals)
Search the lowest-cost Apartments available for rent right now in the Colonial Avenue Area area of Roanoke.

Mountain View Terrace Apartments
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Colonial Avenue Area, Roanoke, VA Local Guide

How much does it cost to rent an apartment in Colonial Avenue Area?
Bedroom | Average Rent | Cheapest Rent | Highest Rent |
---|---|---|---|
Colonial Avenue Area 1 Bedroom Apartments | $1,509 | $925 | $2,987 |
Colonial Avenue Area 2 Bedroom Apartments | $1,674 | $1,069 | $3,065 |
Colonial Avenue Area 3 Bedroom Apartments | $2,135 | $1,210 | $3,992 |
Colonial Avenue Area 4 Bedroom Apartments | $1,762 | $1,725 | $1,800 |
Browse Apartments in this Neighborhood
There are currently 19 rentals with your search options within a 2 mile radius of the Colonial Avenue Area Neighborhood of Roanoke, VA.
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Colonial Avenue Area, Roanoke, VA Local Guide
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Cheapest Available Colonial Avenue Area Apartments for Rent
 The cheapest available apartment rental in the Colonial Avenue Area area of Roanoke, VA is a 1 Bed unit found at Stone Ridge Apartments priced from $925. Pebble Creek has the second lowest priced unit, which is a 1 Bed apartment currently listed from $999. Here are the most affordable Colonial Avenue Area apartments for rent in Roanoke, VA:
Apartment Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Stone Ridge Apartments | 1 bedroom | 1BR,1BA | $925 |
Pebble Creek | Heron | 1BR,1BA | $999 |
The Everett | 1 Bed 1Bath - 1A | 1BR,1BA | $1,025 |
Honeywood Apartments | 1 Bedroom | 1BR,1BA | $1,069 |
The Heights at Gateway Park | Brand new 1 bedroom 1 bath with stainless steel... | 1BR,1BA | $1,175 |
Best Value Apartments for Rent in Colonial Avenue Area, VA
As of April 25, 2025 the best value apartment in the Colonial Avenue Area area is the $1.13 price per square foot One bed 1 1/2 bath Model at Horton Lofts in the in the Gilmer neighborhood starting from $1,875. The second greatest value Colonial Avenue Area apartment is the 3 BEDROOM Model at Bent Tree starting at $1,900 with a $1.58 price per square foot in the Hurt Park neighborhood. Here is today’s list of the best values for Colonial Avenue Area apartments based on price per square foot:
Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
---|---|---|---|
Horton Lofts | One bed 1 1/2 bath | 1BR,1.5BA | $1.13 |
Bent Tree | 3 BEDROOM | 3BR,1BA | $1.58 |
Pebble Creek | Crane | 3BR,2BA | $1.52 |
Cotton Mill Lofts | A1-L2 | 1BR,1BA | $1.60 |
Langdon Square | 2x2 | 2BR,2BA | $1.55 |
Honeywood Apartments | 1 Bedroom | 1BR,1BA | $1.43 |
Sunscape Apartments | The Spirit 1 BR 1 BA | 1BR,1BA | $1.79 |
Gramercy Row Apartment Residences | 1 Bedroom 1 Bath 001 | 1BR,1BA | $1.80 |
The Everett | 1 Bed 1Bath - 1A | 1BR,1BA | $1.60 |
Stone Ridge Apartments | 1 bedroom | 1BR,1BA | $1.49 |
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Pet Friendly LifestyleColonial Avenue Area, Roanoke, VA
Ranked #10
Among neighborhoods in Roanoke, VA for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
3.5Pet Friendly
Best Local Schools in Colonial Avenue Area, Roanoke, VA
School data provided by Great Schools
Getting Around the Colonial Avenue Area Neighborhood in Roanoke, VA
Walk Score®
62 / 100
Somewhat Walkable
Some errands can be accomplished on foot
Bike Score®
38 / 100
Somewhat Bikeable
Minimal bike infrastructure
Transit Score®
30 / 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 Avenue Area Apartments
What is the price of a cheap apartment in Colonial Avenue Area?
The cheapest apartment in Colonial Avenue Area is Stone Ridge Apartments which is listed at $925, while the average apartment in Colonial Avenue Area costs $1,787.
What types of apartments are the cheapest in Colonial Avenue Area?
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 7 regular apartments in Colonial Avenue Area 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 Avenue Area?
Cheap apartments in Colonial Avenue Area have an average cost of $177 which is $1,610 cheaper than the average rent for all rentals in Colonial Avenue Area.
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.

Know Your Rights - How Discrimination Laws Impact Landlords and Tenants
Written by: Christine Leonard, Esq.
Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

Renting Smart: Lease Basics Every Renter Needs
Written by: Christine Leonard, Esq.
Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.

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.