Cheap Apartments for Rent in the Colonial Place Neighborhood of Richmond, VA from $800 (87 Rentals)

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

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property at 6 S Harvie St

6 S Harvie St

RichmondVA23220

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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 $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 ListingModel NameBed/BathPriced From
Imperial Living Propco LLCStudioStudio,1BA$835
Legacy ApartmentsOne Bedroom, One Bath1BR,1BA$1,085
Guardian Place ApartmentsS1 Guardian Place 1Studio,1BA$1,192
3425 Kensington Avenue1BR/1.0BA1BR,1BA$1,275
Cookie Factory LoftsStudioStudio,1BA$1,300
Southern Stove Lofts1bed 1bth1BR,1BA$1,325
The CarouselJumperStudio,1BA$1,358
Todd LoftsOne Bedroom1BR,1BA$1,376
The Summit at Scotts AdditionThe Villa - Style B1BR,1BA$1,417
Penstock Quarter ApartmentsS4Studio,1BA$1,450

Best Value Apartments for Rent in Colonial Place, VA

As of July 31, 2025 the best value apartment in the Colonial Place area is the $2.04 price per square foot # 17 Model at The Abby on Stuart in the in the Far West neighborhood starting from $3,995. The second greatest value Colonial Place apartment is the 1714 W Cary St Model at 1714 W Cary St, Unit 4 starting at $2,700 with a $1.63 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 ListingModel NameBed/BathPrice Per Sq.Ft.
The Abby on Stuart# 172BR,2.5BA$2.04
1714 W Cary St, Unit 41714 W Cary St2BR,2.5BA$1.63
Malvern Manor ApartmentsUnrenovated Grove2BR,1BA$1.95
1510 BellevilleW41BR,1BA$2.04
The Collection of Historic RichmondB6 & B72BR,1BA$1.97
South Arthur1/11BR,1BA$1.76
Lakeview Manor2 Beds, 1 Baths2BR,1BA$1.99
Southern Stove Lofts1bed 1bth1BR,1BA$1.79
Legacy ApartmentsOne Bedroom, One Bath - Patio1BR,1BA$1.73
Imperial Living Propco LLCOne Bedroom One Bath Standard1BR,1BA$1.94

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Colonial Place, Richmond, VA

Ranked #71

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 $1,450.

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 $5,981.

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 47 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 $199 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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

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

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.