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$835 - $2,956
Plus Fees
Studio to 2 Bedroom Apartments Available NowLegacy at Imperial Village
1717 Bellevue AveRichmond, VA 23227
Cheap Apartments for Rent in the Colonial Place Neighborhood of Richmond, VA from $800 (127 Rentals)
Search the lowest-cost Apartments available for rent right now in the Colonial Place area of Richmond.
1715 Grove Ave
RichmondVA23220
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$1,031 - $1,962
Plus Fees12 Month Lease Term
1 to 2 Bedroom Apartments Available Jun 11Kensington, Patterson Place and Grove Ave
3502 Kensington AveRichmond, VA 23221
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$1,1951 Bedroom Apartments Available Aug 15
3210 Ellwood Ave, Unit D
3210 Ellwood AveRichmond, VA 23221
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$1,199 - $2,600
Plus Fees12 Month Lease Term
Studio to 3 Bedroom Apartments Available NowCookie Factory Lofts
900 Terminal PlRichmond, VA 23220
1719 Blair St
RichmondVA23220
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$1,275 - $2,125
Plus Fees
Studio to 3 Bedroom Apartments Available NowSouthern Stove Lofts
1215 Hermitage RdRichmond, VA 23220
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Rent Specials
$1,295 - $2,097
Plus Fees
1 to 3 Bedroom Apartments Available NowThe Collection of Historic Richmond
805 N Arthur Ashe BoulevardRichmond, VA 23220
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$1,2952 Bedroom Apartments Available Jun 10
3206 Ellwood Ave, Unit C
3206 Ellwood AveRichmond, VA 23221
1919 Lakeview Ave
RichmondVA23220
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Learn the official definition (spending 30% or more of your gross income on housing) and how to calculate your exact rent-to-income ratio. This guide offers expert tips on factoring in total housing costs (including utilities and fees) and budgeting accurately to avoid unnecessary financial strain.
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$1,315 - $1,995
Plus Fees
1 to 2 Bedroom Apartments Contact Us For AvailabilityKent Road Village
907 N L North Hamilton StRichmond, VA 23221
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Rent Specials
$1,315 - $2,615
Plus Fees18 Month Lease Term
Studio to 3 Bedroom Apartments Available NowCourtyard Lofts
3200 W Clay StRichmond, VA 23230
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$1,340 - $3,048
Total Monthly Price
1 to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,340 - $3,048
Total Monthly Price
$1,340 - $3,048
The Cooperage
1650 Overbrook RdRichmond, VA 23220
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$1,355 - $1,470
Plus Fees12 Month Lease Term
Studio to 1 Bedroom Apartments Available NowPierce Arrow
2621 Stuart AveRichmond, VA 23220
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$1,374 - $4,487
Plus Fees
Studio to 2 Bedroom Apartments Available NowTapestry West
2031 Maywill StRichmond, VA 23230
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$1,377 - $2,841
Total Monthly Price
Studio to 3 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,377 - $2,841
Total Monthly Price
$1,377 - $2,841
Todd Lofts
1128 Hermitage RdRichmond, VA 23220
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$1,379
Plus Fees12 Month Lease Term
2 Bedroom Apartments Available NowCrestwood at Libbie
2342 Hampstead AveRichmond, VA 23230
3218 W Grace St
RichmondVA23221
20 S Allen Ave
RichmondVA23220
19 S Arthur Ashe Blvd
RichmondVA23220
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.
18 S Allen Ave
RichmondVA23220
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$1,399 - $2,130
Plus Fees
Studio to 2 Bedroom Apartments Available Aug 1The 1805
1805 Monument AveRichmond, VA 23220
1840 Monument Ave
RichmondVA23220
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$1,414 - $2,463
Plus Fees
1 to 2 Bedroom Apartments Available Now1 Scott's Addition
3031 Norfolk StRichmond, VA 23230
36oo W Broad St
RichmondVA23230
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$1,427 - $2,177
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1 to 2 Bedroom Apartments Available Jun 12Total Monthly Price
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$1,395 - $2,145
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The Gallery Midtown Apartments
308 N Nansemond StRichmond, VA 23221
117 S Stafford Ave
RichmondVA23220
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$1,442 - $2,713
Total Monthly Price
Studio to 2 Bedroom Apartments Available Jul 2Total Monthly Price
Base Rent
$1,442 - $2,713
Total Monthly Price
$1,442 - $2,713
The Carousel
2400 Grayland AveRichmond, VA 23220
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$1,445 - $1,875
Plus Fees
2 Bedroom Apartments Contact Us For AvailabilityGeorgetown
907 N L North Hamilton StRichmond, VA 23221
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$1,446 - $2,045
Plus Fees
1 to 2 Bedroom Apartments Available NowScotts Edge
3408-3410 Moore StRichmond, VA 23230
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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$1,462
Total Monthly Price
2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,400
Required Monthly Fees
$62
Total Monthly Price
$1,462
2207 W Grace St, Unit Apt C
2207 W Grace StRichmond, VA 23220
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$1,465 - $3,037
Plus Fees
1 to 2 Bedroom Apartments Available NowSoda Flats
2820 W Broad StRichmond, VA 23230
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Rent Specials
$1,475 - $2,606
Plus Fees
1 Bedroom Apartments Available NowThe Summit at Scotts Addition
3022 W Broad StRichmond, VA 23230
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$1,492 - $1,982
Total Monthly Price
1 to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,472 - $1,962
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Varies
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The Village at Horsepen
6701 Dartmouth AveRichmond, VA 23226
4913 Monument Ave
RichmondVA23230
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$1,4952 Bedroom Apartments Available Jun 10
3212 Ellwood Ave, Unit A
3212 Ellwood AveRichmond, VA 23221
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$1,4952 Bedroom Apartments Available Jun 10
2307 W Main St, Unit A
2307 W Main StRichmond, VA 23220
3509 Park Ave
RichmondVA23221
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Rent Specials
$1,500 - $1,595
Plus Fees12 Month Lease Term
2 Bedroom Apartments Available NowLIV Lakeview
2001 Lakeview AveRichmond, VA 23220
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$1,503 - $2,787
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Studio to 3 Bedroom Apartments Available NowTotal Monthly Price
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$1,470 - $2,754
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Penstock Quarter Apartments
5001 Libbie Mill East BlvdRichmond, VA 23230
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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$1,511 - $4,001
Total Monthly Price
1 to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,511 - $4,001
Total Monthly Price
$1,511 - $4,001
The Icon
1209 Mactavish AveRichmond, VA 23230
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$1,555 - $5,293
Plus Fees
Studio to 2 Bedroom Apartments Available NowThe Scout Scotts Addition
947 Myers StRichmond, VA 23230
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$1,567 - $3,796
Total Monthly Price
1 to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,567 - $3,796
Total Monthly Price
$1,567 - $3,796
Scott's View
3410 W Clay StRichmond, VA 23230
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$1,599 - $2,435
Plus Fees
1 to 2 Bedroom Apartments Available NowThe Nest Scott's Addition
3113 W Marshall StRichmond, VA 23230
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Rent Specials
$1,599 - $4,190
Plus Fees
Studio to 2 Bedroom Apartments Available NowNOVEL Scott's Addition by Crescent Communities
2902 N Arthur Ashe BlvdRichmond, VA 23230
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$1,600 - $2,100
Plus Fees
1 to 2 Bedroom Apartments Available Now1111 N Thompson St
1111 N Thompson StRichmond, VA 23230
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Rent Specials
$1,600 - $2,875
Plus Fees
Studio to 2 Bedroom Apartments Available NowThe Alder on Dabney
2001 Dabney RdRichmond, VA 23230
102 N Lombardy St
RichmondVA23220
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$1,605 - $4,540
Plus Fees
Studio to 2 Bedroom Apartments Available NowThe Ace
1201 N Arthur Ashe BlvdRichmond, VA 23230
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Rent Specials
$1,620 - $2,875
Plus Fees
1 to 2 Bedroom Apartments Available NowTriton Scotts Addition - Monument
3700 Monument AveRichmond, VA 23230
The Richmond Renter's Guide to Living Near Work
Get the inside scoop on Richmond's most livable neighborhoods and find the perfect apartment close to where you work. Our local expert breaks it all down by the city's top employers like VCU Health and Costar.
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 | $1,822 | $835 | $7,304 |
| Colonial Place 1 Bedroom Apartments | $1,892 | $975 | $8,250 |
| Colonial Place 2 Bedroom Apartments | $2,496 | $1,125 | $10,000+ |
| Colonial Place 3 Bedroom Apartments | $2,969 | $1,800 | $10,000+ |
| Colonial Place 4 Bedroom Apartments | $2,975 | $2,975 | $2,975 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Apartments in this Neighborhood
There are currently 127 rentals with your search options within a 2 mile radius of the Colonial Place Neighborhood of Richmond, VA.
See all Apartments in RichmondExplore Richmond
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. Guardian Place Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $1,192. 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 |
| Guardian Place Apartments | S1 Guardian Place 1 | Studio,1BA | $1,192 |
| Cookie Factory Lofts | Studio | Studio,1BA | $1,199 |
| Southern Stove Lofts | 1bed 1bth | 1BR,1BA | $1,300 |
| Pierce Arrow | Studio | Studio,1BA | $1,355 |
| Crestwood at Libbie | 2X1 | 2BR,1BA | $1,379 |
| Scotts Edge | 1x1 | 1BR,1BA | $1,396 |
| Argon | The Rhodium | 1BR,1BA | $1,415 |
| Todd Lofts | One Bedroom | 1BR,1BA | $1,436 |
| The Collection of Historic Richmond | B4 & B5 | 2BR,1BA | $1,450 |
Best Value Apartments for Rent in Colonial Place, VA
As of June 08, 2026 the best value apartment in the Colonial Place area is the $2.16 price per square foot 3bed 2bth Model at Southern Stove Lofts in the in the Near West neighborhood starting from $2,125. The second greatest value Colonial Place apartment is the C2 Model at The Altamont starting at $1,810 with a $1.91 price per square foot in the Bellevue 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. |
|---|---|---|---|
| Southern Stove Lofts | 3bed 2bth | 3BR,2BA | $2.16 |
| The Altamont | C2 | 3BR,2BA | $1.91 |
| 3121 Grove Ave, Unit 4 | 3121 Grove Ave | 1BR,1BA | $2.05 |
| Courtyard Lofts | Marshall | 1BR,1BA | $1.80 |
| Cookie Factory Lofts | 2 Bed/ 2 Bath Loft | 2BR,2BA | $2.09 |
| The Collection of Historic Richmond | B1, B2 & B3 | 2BR,1BA | $1.88 |
| Scotts Edge | 1x1 | 1BR,1BA | $1.91 |
| LIV Lakeview | 2B/1BA Lake TH Reno | 2BR,1BA | $2.00 |
| Crestwood at Libbie | 2X1 | 2BR,1BA | $2.10 |
| Legacy at Imperial Village | One Bedroom One Bath Standard | 1BR,1BA | $1.94 |
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.
Read Article
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
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
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Best Local Schools in Colonial Place, Richmond, VA
School data provided by Great Schools
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 $1,450.
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 $2,975.
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 58 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 $286 which is $2,689 cheaper than the average rent for all rentals in Colonial Place.
Expert Rental Resources
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.
Helpful Local Expert Guides
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.
Your Guide to Picking the Perfect Richmond Neighborhood for Student Renters
Written by: Richard Corrigan
Richmond isn't always thought of as a college town, but there are actually several major colleges and universities here. One thing Richmond does get credit for—and rightfully so—is being a very neighborhood-friendly city.
Explore The River City Like a Local: The Insiders Guide to Renting in Richmond, VA
Written by: Richard Corrigan
Welcome to Richmond! For those unfamiliar, it’s Virginia’s state capitol, a city with a long and rich history, and—some might say—Virginia’s biggest small town. There’s a lot to love about living here.
Your Richmond Neighborhood Guide: Living Near the City's Top Employers
Written by: Richard Corrigan
Richmond is a beautiful place to live and work. The city has something for everyone—historic charm, trendy shops and boutiques, world-class restaurants and amazing urban parks and green spaces.
Articles, How-To's, and Tips
Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.
Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.
Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.