
Cheap Apartments for Rent in the Colonial Place Neighborhood of Richmond, VA from $600 (123 Rentals)
Search the lowest-cost Apartments available for rent right now in the Colonial Place area of Richmond.


Legacy at Imperial Village

Kensington, Patterson Place and Grove Ave

Southern Stove Lofts

Total Monthly Price
9 S Crenshaw Ave, Unit 9 S. Crenshaw Ave, Unit 9 S. Crenshaw Ave

3210 Ellwood Ave

403 Cleveland St, Unit 6

Cookie Factory Lofts

608 N Arthur Ashe Blvd

22 S Plum St
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.

22 S Robinson St

Kent Road Village

Total Monthly Price
The Cooperage

Courtyard Lofts

Crestwood at Libbie

The Collection of Historic Richmond

The Gallery Midtown Apartments

Tapestry West

The 1805

Total Monthly Price
The Village at Horsepen
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.

The Preserve Scotts Addition

Total Monthly Price
The Carousel

Georgetown

111 N Arthur Ashe Blvd

1104 S Lombardy St

2111 Maplewood Ave

Total Monthly Price
2207 W Grace St, Unit Apt C

The Summit at Scotts Addition

Total Monthly Price
Penstock Quarter Apartments

3206 Ellwood Ave
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.

3212 Ellwood Ave

The Ace

LIV Lakeview

Total Monthly Price
Wellsmith Apartments

Total Monthly Price
Todd Lofts

The Alder on Dabney

INK at Scott's Collection

1 Scott's Addition

Total Monthly Price
Scott's View

SYMBOL 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.

The Scout Scotts Addition

Total Monthly Price
1815 W Grace St, Unit Apt 2

Triton Scotts Addition - Monument

Total Monthly Price
112 N Arthur Ashe Blvd, Unit 1A, Unit 1A

2625 Floyd Ave

1111 N Thompson St

102 N Lombardy St

NOVEL Scott's Addition by Crescent Communities

Total Monthly Price
Otis

The Nest Scott's Addition
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.
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 | $1,649 | $655 | $4,675 |
| Colonial Place 1 Bedroom Apartments | $1,888 | $820 | $5,640 |
| Colonial Place 2 Bedroom Apartments | $2,471 | $1,125 | $8,519 |
| Colonial Place 3 Bedroom Apartments | $2,512 | $1,800 | $3,000 |
| Colonial Place 4 Bedroom Apartments | $3,387 | $3,300 | $3,475 |
Browse Apartments in this Neighborhood
There are currently 123 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 Pierce Arrow Properties priced from $655. Legacy at Imperial Village has the second lowest priced unit, which is a Studio apartment currently listed from $835. Here are the most affordable Colonial Place apartments for rent in Richmond, VA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Pierce Arrow Properties | Studio | Studio,1BA | $655 |
| Legacy at Imperial Village | Studio | Studio,1BA | $835 |
| Cookie Factory Lofts | 1 Bed/ 1 Bath | 1BR,1BA | $1,250 |
| Southern Stove Lofts | studio | Studio,1BA | $1,375 |
| Crestwood at Libbie | 2X1 | 2BR,1BA | $1,379 |
| The Gallery Midtown Apartments | Renovated Ellwood | 1BR,1BA | $1,395 |
| The Carousel | Jumper | Studio,1BA | $1,442 |
| Scotts Edge | 1BR-216 | 1BR,1BA | $1,452 |
| Argon | The Tantalum | 1BR,1BA | $1,485 |
| The Village at Horsepen | Brighton | 1BR,1BA | $1,490 |
Best Value Apartments for Rent in Colonial Place, VA
As of April 24, 2026 the best value apartment in the Colonial Place area is the $2.08 price per square foot 4418 Cutshaw Ave Model at 4418 Cutshaw Ave in the in the Bellevue neighborhood starting from $2,500. The second greatest value Colonial Place apartment is the 2 Bed 1 Bath Model at 2802 Park Ave starting at $1,700 with a $1.50 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 4418 Cutshaw Ave | 4418 Cutshaw Ave | 2BR,1BA | $2.08 |
| 2802 Park Ave | 2 Bed 1 Bath | 2BR,1BA | $1.50 |
| The Altamont | C2 | 3BR,2BA | $1.89 |
| Courtyard Lofts | Marshall | 1BR,1BA | $1.80 |
| The Collection of Historic Richmond | B4 & B5 | 2BR,1BA | $1.97 |
| The Icon | 1 Bedroom Tower | 1BR,1BA | $2.08 |
| Todd Lofts | Studio | Studio ,1BA | $1.95 |
| LIV Lakeview | 2 Beds, 1 Baths | 2BR,1BA | $2.00 |
| Legacy at Imperial Village | One Bedroom One Bath Standard | 1BR,1BA | $1.94 |
| Pierce Arrow Properties | Studio | Studio ,1BA | $1.82 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon'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 Pierce Arrow Properties listed at $655.
How much is rent for a Cheap One Bedroom Colonial Place Apartment?
The lowest price for a Cheap One Bedroom Colonial Place Apartment is $820 at Pierce Arrow Properties.
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

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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.