
Cheap Apartments for Rent in the Colonial Place Neighborhood of Richmond, VA from $825 (91 Rentals)
Search the lowest-cost Apartments available for rent right now in the Colonial Place area of Richmond.


1819 W Cary St

Kensington, Patterson Place and Grove Ave

14 S Plum St

2002 Rosewood Ave

Cookie Factory Lofts

Total Monthly Price
Todd Lofts

Southern Stove Lofts

3401 Monument Ave, Unit C

Courtyard Lofts
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.

Crestwood at Libbie

The Collection of Historic Richmond

2525 Park Ave

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Georgetown Apartments

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The Cooperage

1622 Grove Ave

3218 W Grace St

Total Monthly Price
The Nest Scott's Addition

The 1805

2008 Idlewood Ave
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1 Scott's Addition

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Penstock Quarter Apartments

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The Carousel

Soda Flats

4201 Bromley Ln

2033 W Broad St

3314 Ellwood Ave

3322 Ellwood Ave

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Georgetown Apartments

The Scout Scotts Addition
Explore The River City Like a Local: The Insider's Guide to Renting in Richmond, VA
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NOVEL Scott's Addition by Crescent Communities

1104 S Lombardy St

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Scotts Edge

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The Village at Horsepen

INK at Scott's Collection

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Tapestry West

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The Gallery Midtown Apartments

SYMBOL Scotts Addition

3204 Hanover Ave

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The Ella Scotts Addition
Richmond’s Best Affordable Neighborhoods
Learn about Richmond and the best affordable places to live by our Local Expert Richard Corrigan

The Summit at Scotts Addition

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Scott's View

1422 Winder St

The Preserve Scotts Addition

Total Monthly Price
Wellsmith Apartments

2204 W Grace St

MAA Rove

The Alder on Dabney

1111 N Thompson St

2700 Idlewood Ave
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
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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 | $1,674 | $835 | $2,717 |
| Colonial Place 1 Bedroom Apartments | $1,884 | $1,031 | $8,677 |
| Colonial Place 2 Bedroom Apartments | $2,506 | $1,095 | $10,000+ |
| Colonial Place 3 Bedroom Apartments | $3,398 | $1,875 | $10,000+ |
Browse Apartments in this Neighborhood
There are currently 91 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. MacTavish Flats has the second lowest priced unit, which is a Studio apartment currently listed from $1,053. 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 |
| MacTavish Flats | B | Studio,1BA | $1,053 |
| Guardian Place Apartments | S1 Guardian Place 1 | Studio,1BA | $1,192 |
| Todd Lofts | Studio | Studio,1BA | $1,239 |
| Southern Stove Lofts | studio | Studio,1BA | $1,250 |
| 3425 Kensington Avenue | 1BR/1.0BA | 1BR,1BA | $1,250 |
| Cookie Factory Lofts | 1 Bed/ 1 Bath | 1BR,1BA | $1,250 |
| 1711 Hanover Ave | 1 Bed 1 Bath | 1BR,1BA | $1,275 |
| Crestwood at Libbie | 2X1 | 2BR,1BA | $1,329 |
| Stuart and Davis | 1 Bedroom / 1 Bath - 650sqft | 1BR,1BA | $1,350 |
Best Value Apartments for Rent in Colonial Place, VA
As of September 07, 2026 the best value apartment in the Colonial Place area is the $1.62 price per square foot 3 Bedroom 2 Bath - 64490 Model at 2602-2606 Monument Ave in the in the Near West neighborhood starting from $2,999. The second greatest value Colonial Place apartment is the 4418 Cutshaw Ave Model at 4418 Cutshaw Ave, Unit 2 starting at $2,200 with a $1.83 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. |
|---|---|---|---|
| 2602-2606 Monument Ave | 3 Bedroom 2 Bath - 64490 | 3BR,2BA | $1.62 |
| 4418 Cutshaw Ave, Unit 2 | 4418 Cutshaw Ave | 2BR,1BA | $1.83 |
| Cookie Factory Lofts | 3 Bed/ 2 Bath | 3BR,2BA | $1.97 |
| 2802 Park Ave | 2 Bed 1 Bath | 2BR,1BA | $1.50 |
| 3530 Grove Avenue | 2BR/1.0BA | 2BR,1BA | $1.48 |
| 2033 W Broad St | 1BR/1.0BA | 1BR,1BA | $1.40 |
| Stuart and Davis | 1 Bedroom / 1 Bath - 650sqft | 1BR,1BA | $1.35 |
| 3549 Grove Ave | 1BR/1.0BA | 1BR,1BA | $1.97 |
| 800 N. Sheppard St. | 2BR/1.0BA | 2BR,1BA | $1.73 |
| 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 ArticleThe 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 ArticleNavigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
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.
Read ArticleQuick 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.
Best Local Schools in Colonial Place, Richmond, VA
Thomas Jefferson High School
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 $1,350.
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 $1,895.
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 48 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 $128 which is $1,767 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

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.

Explore The River City Like a Local: The Insider's 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 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.

A Local Expert's 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.
Articles, How-To's, and Tips

Rent According to Income: A Look at Income-Restricted Rentals
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The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.