Cheap Apartments for Rent in the Colonial Place Neighborhood of Richmond, VA from $800 (62 Rentals)

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

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.

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property at 1721 Blair St

1721 Blair St

RichmondVA23220

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2700 Idlewood Ave
Studio to 1 Bedroom Apartments

2700 Idlewood Ave

2700 Idlewood AveRichmond, VA 23220
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3329 Cutshaw Ave
1 to 2 Bedroom Apartments

3329 Cutshaw Ave

3329 Cutshaw AveRichmond, VA 23230
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Virginia Apartments
1 to 2 Bedroom Apartments

Virginia Apartments

2602-2608 Kensington AveRichmond, VA 23220
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Legacy At Imperial Village
Studio to 2 Bedroom Apartments

Legacy At Imperial Village

1711 Bellevue AveRichmond, VA 23227
Senior Living
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MacTavish Flats
1 Bedroom Apartments

MacTavish Flats

1302 MacTavish AveRichmond, VA 23230
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Showing Results 1-50, Page 1 of 2

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 Legacy at Imperial Village 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
Legacy at Imperial VillageStudioStudio,1BA$835
Legacy ApartmentsOne Bedroom, One Bath1BR,1BA$1,085
Guardian Place ApartmentsS1 Guardian Place 1Studio,1BA$1,192
The Collection of Historic RichmondA3, A4 & A51BR,1BA$1,199
3425 Kensington Avenue1BR/1.0BA1BR,1BA$1,250
Southern Stove LoftsstudioStudio,1BA$1,275
Cookie Factory LoftsStudioStudio,1BA$1,300
The CarouselJumperStudio,1BA$1,325
Crestwood at Libbie2X12BR,1BA$1,329
Todd LoftsOne Bedroom1BR,1BA$1,362

Best Value Apartments for Rent in Colonial Place, VA

As of May 29, 2025 the best value apartment in the Colonial Place area is the $1.75 price per square foot 1714 W Cary St Model at 1714 W Cary St, Unit 4 in the in the Near West neighborhood starting from $2,900. The second greatest value Colonial Place apartment is the The Ray Jr Model at The Ella Scotts Addition starting at $2,406 with a $1.94 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 ListingModel NameBed/BathPrice Per Sq.Ft.
1714 W Cary St, Unit 41714 W Cary St2BR,2.5BA$1.75
The Ella Scotts AdditionThe Ray Jr2BR,2BA$1.94
River School Lofts2A (RENO)2BR,1BA$1.78
1706 Floyd Ave, Unit B1706 Floyd Ave2BR,1BA$1.63
Malvern Manor ApartmentsRenovated Grove2BR,1BA$2.20
Kensington, Patterson Place and Grove AveKensington Place - Two Bedroom2BR,1BA$1.58
2306 Parkwood Ave, Unit D2306 Parkwood Ave2BR,2BA$1.97
Legacy ApartmentsOne Bedroom, One Bath - Patio1BR,1BA$1.73
Crestwood at Libbie2X12BR,1BA$2.02
Todd LoftsOne Bedroom1BR,1BA$2.09

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Colonial Place, Richmond, VA

Ranked #69

Among neighborhoods in Richmond, VA 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 $1,362.

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 $3,275.

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 54 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 $287 which is $2,988 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 Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

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The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.