
Cheap Apartments for Rent in the Colonial Place Neighborhood of Richmond, VA from $800 (65 Rentals)
Search the lowest-cost Apartments available for rent right now in the Colonial Place area of Richmond.


Kensington, Patterson Place and Grove Ave

Southern Stove Lofts

22 S Robinson St

Cookie Factory Lofts

The Gallery Midtown Apartments

Courtyard Lofts

Kent Road Village

The Summit at Scotts Addition

The Collection of Historic 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.

Crestwood at Libbie

Soda Flats

3509 Park Ave

Total Monthly Price
The Cooperage

1 Scott's Addition

Georgetown

Penstock Quarter Apartments

The 1805

3600 W Broad St

Total Monthly Price
The Carousel
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.

The Nest Scott's Addition

2711 W Grace St

The Ace

Total Monthly Price
3009 Ellwood Ave, Unit C

Total Monthly Price
3019 Ellwood Ave, Unit A

2900 Kensington Ave

The Village at Horsepen

1815 W Grace St

SYMBOL Scotts Addition

The Scout Scotts Addition
Explore The River City Like a Local: The Insider's Guide to Renting in Richmond, VA
Thinking of moving to Richmond, VA? Learn why "The River City" is a perfect blend of big-city amenities and small-town charm, offering a low cost of living, minimal traffic, and a rich cultural scene.

Otis

Wellsmith Apartments

Total Monthly Price
Todd Lofts

Total Monthly Price
Scott's View

NOVEL Scott's Addition by Crescent Communities

Tapestry West

5303 W Franklin St

2625 Floyd Ave

LIV Lakeview

1104 S Lombardy St
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.

4004 W Grace St

2700 Idlewood Ave

3329 Cutshaw Ave

Virginia Apartments

Legacy At Imperial Village

MacTavish Flats

The Faison Residence

Legacy Apartments

The Altamont

The Villas At Granby
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.
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 | $1,788 | $835 | $4,683 |
| Colonial Place 1 Bedroom Apartments | $1,912 | $1,028 | $5,538 |
| Colonial Place 2 Bedroom Apartments | $2,484 | $1,050 | $5,814 |
| Colonial Place 3 Bedroom Apartments | $2,963 | $2,007 | $4,926 |
| Colonial Place 4 Bedroom Apartments | $4,417 | $3,300 | $5,994 |
Browse Apartments in this Neighborhood
There are currently 65 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. Southern Stove Lofts has the second lowest priced unit, which is a Studio apartment currently listed from $1,050. 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 |
| Southern Stove Lofts | studio | Studio,1BA | $1,050 |
| Cookie Factory Lofts | Studio | 1BR,1BA | $1,250 |
| The Gallery Midtown Apartments | Renovated Ellwood | 1BR,1BA | $1,295 |
| The Summit at Scotts Addition | The Retreat | 1BR,1BA | $1,331 |
| The Collection of Historic Richmond | B1, B2 & B3 | 2BR,1BA | $1,349 |
| South Arthur | 1/1 | 1BR,1BA | $1,350 |
| Crestwood at Libbie | 2X1 | 2BR,1BA | $1,379 |
| Soda Flats | One Bedroom | 1BR,1BA | $1,394 |
| The Cooperage | 1 Bedroom / 1 Bathroom: Flat | 1BR,1BA | $1,400 |
Best Value Apartments for Rent in Colonial Place, VA
As of March 10, 2026 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 D1 Model at Jordans Branch Apartments starting at $2,995 with a $1.96 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Abby on Stuart | # 17 | 2BR,2.5BA | $2.04 |
| Jordans Branch Apartments | D1 | 3BR,2.5BA | $1.96 |
| 4418 Cutshaw Ave | 4418 Cutshaw Ave | 2BR,1BA | $2.08 |
| South Arthur | 2/1 | 2BR,1BA | $1.70 |
| Kensington, Patterson Place and Grove Ave | Kensington Place - Two Bedroom | 2BR,1BA | $1.63 |
| The Altamont | C2 | 3BR,2BA | $1.89 |
| The Collection of Historic Richmond | B6 & B7 | 2BR,1BA | $1.80 |
| Soda Flats | One Bedroom | 1BR,1BA | $2.06 |
| Southern Stove Lofts | 1bed 1bth | 1BR,1BA | $1.85 |
| 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 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.
Read ArticleCash 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.
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 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
School data provided by Great Schools
Frequently Asked Questions about Cheap Colonial Place Apartments
What is the Cheapest Studio apartment in Colonial Place?
Currently the most affordable Cheap Studio Apartment in Colonial Place is at Legacy at Imperial Village listed at $835.
How much is rent for a Cheap One Bedroom Colonial Place Apartment?
The lowest price for a Cheap One Bedroom Colonial Place Apartment is $1,085 at Legacy at Imperial Village.
What is the lowest price for a Cheap Two Bedroom Colonial Place Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Colonial Place is starting from $1,125 at Legacy at Imperial Village.
What is the most affordable Colonial Place Three Bedroom Apartment?
The best deal on a cheap Colonial Place Three Bedroom Apartment rental is at The Altamont and starts from $1,800.
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.
Articles, How-To's, and Tips

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.