Cheap Apartments for Rent in the Colonial Place Neighborhood of Richmond, VA from $800 (62 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Colonial Place area of Richmond.

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Thinking about getting a co-signer for your rental application? We break down what a co-signer is, the potential benefits, and the serious risks for both parties. Find out if it's the right choice for you.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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property at 3600 W Broad St

3600 W Broad St

RichmondVA23230
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2700 Idlewood Ave
Studio to 1 Bedroom Apartments

2700 Idlewood Ave

2700 Idlewood AveRichmond, VA 23220
Senior Living
  • Utilities Included

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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3329 Cutshaw Ave
1 to 2 Bedroom Apartments

3329 Cutshaw Ave

3329 Cutshaw AveRichmond, VA 23230
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Virginia Apartments
1 to 2 Bedroom Apartments

Virginia Apartments

2602-2608 Kensington AveRichmond, VA 23220
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Legacy At Imperial Village
Studio to 2 Bedroom Apartments

Legacy At Imperial Village

1711 Bellevue AveRichmond, VA 23227
Senior Living
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The Faison Residence
1 to 3 Bedroom Apartments

The Faison Residence

5322 Markel RdRichmond, VA 23230
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Cary West Apartments
1 to 3 Bedroom Apartments

Cary West Apartments

2000-2021 W Cary StRichmond, VA 23220
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The Parkwood
Studio to 2 Bedroom Apartments

The Parkwood

3003 Parkwood AveRichmond, VA 23221
Student Housing
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MacTavish Flats
1 Bedroom Apartments

MacTavish Flats

1302 MacTavish AveRichmond, VA 23230
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306 N Mulberry St
2 Bedroom Apartments

306 N Mulberry St

306 N Mulberry StRichmond, VA 23220
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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.

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Colonial Place, Richmond, VA Local Guide

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 Imperial Living Propco LLC priced from $935. 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 ListingModel NameBed/BathPriced From
Imperial Living Propco LLCStudioStudio,1BA$935
Legacy ApartmentsOne Bedroom, One Bath1BR,1BA$1,085
The Collection of Historic RichmondA11, A12, A13, A14, A15, A16, A17, A18 & A191BR,1BA$1,125
Guardian Place ApartmentsS1 Guardian Place 1Studio,1BA$1,192
Southern Stove Loftsstudio1BR,1BA$1,250
South Arthur1/11BR,1BA$1,299
Cookie Factory LoftsStudioStudio,1BA$1,300
Scotts Edge1BR-2161BR,1BA$1,314
Crestwood at Libbie2X12BR,1BA$1,329
Todd LoftsOne Bedroom1BR,1BA$1,342

Best Value Apartments for Rent in Colonial Place, VA

As of November 03, 2025 the best value apartment in the Colonial Place area is the $1.89 price per square foot D1 Model at Jordans Branch Apartments in the in the Far West neighborhood starting from $2,895. The second greatest value Colonial Place apartment is the 7 N Arthur Ashe Blvd Model at 7 N Arthur Ashe Blvd, Unit Apt #9 starting at $1,950 with a $1.95 price per square foot in the Far West neighborhood. Here is today’s list of the best values for Colonial Place apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Jordans Branch ApartmentsD13BR,2.5BA$1.89
7 N Arthur Ashe Blvd, Unit Apt #97 N Arthur Ashe Blvd2BR,1BA$1.95
3131 W Grace St, Unit 13131 W Grace St2BR,1BA$1.84
South Arthur1/11BR,1BA$1.53
The Gallery Midtown ApartmentsRenovated Patterson2BR,1BA$2.04
The Collection of Historic RichmondB1, B2 & B32BR,1BA$1.88
Legacy ApartmentsOne Bedroom, One Bath - Patio1BR,1BA$1.73
Crestwood at Libbie2X12BR,1BA$2.02
Cookie Factory LoftsStudioStudio ,1BA$2.02
Imperial Living Propco LLCOne Bedroom One Bath Standard1BR,1BA$1.94

Apartment Common Area Rules: What Renters Need to Know

From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.

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Don't Settle: How to Negotiate Your Apartment Lease and Save Money

Discover the insider tips from an attorney and real estate agent on how to negotiate your next apartment lease. Find out what's on the table and what's not, so you can save money and get the best terms possible.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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The Ultimate Renter's Guide for Finding the Perfect Student Friendly Richmond Neighborhood to Rent

Learn about the best neighborhoods for student renters near Richmond Colleges and Universities by our Local Expert Richard Corrigan

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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.

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Pet Friendly Lifestyle
Colonial Place, Richmond, VA

Ranked #63

Among cities in Virginia for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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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 $1,342.

What is the price of a cheap apartment in Colonial Place?

The cheapest apartment in Colonial Place is Imperial Living Propco LLC which is listed at $1,085, while the average apartment in Colonial Place costs $5,994.

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 71 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 $212 which is $5,782 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.

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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 Richmond’s rich history, phenomenal culinary scene, unique art and culture, and its next-level parks and green spaces.

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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.