Cheap Apartments for Rent in the Colonial Place Neighborhood of Richmond, VA from $825 (91 Rentals)

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

property at 14 S Plum St
$1,095

Total Monthly Price

Base Rent$1,095

Total Monthly Price$1,095
2 Bedroom, 1 Bath Home for Rent
Available Now
Affordability

14 S Plum St

RichmondVA23220
property at 2002 Rosewood Ave
$1,125

Total Monthly Price

Base Rent$1,125

Total Monthly Price$1,125
1 Bedroom, 1 Bath Home for Rent
Available Now
Affordability

2002 Rosewood Ave

RichmondVA23220
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Todd Lofts
Rent Specials
$1,239 - $2,428

Total Monthly Price

Base Rent$1,239 - $2,428

Total Monthly Price$1,239 - $2,428
Studio to 3 Bedroom Apartments Available Now

Todd Lofts

1128 Hermitage RdRichmond, VA 23220
Corporate Housing
  • Verified
  • Customer Reviewed
  • Utilities Included
property at 3401 Monument Ave
$1,295

Total Monthly Price

Base Rent$1,295

Total Monthly Price$1,295
12 Month Lease Term
Studio, 1 Bath Condo for Rent
Available Sep 16
Affordability

3401 Monument Ave, Unit C

3401 Monument Ave
RichmondVA23221

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property at 2525 Park Ave
$1,350

Total Monthly Price

Base Rent$1,350

Total Monthly Price$1,350
1 Bedroom, 1 Bath Home for Rent
Available Now
Affordability

2525 Park Ave

RichmondVA23220
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The Cooperage
Rent Specials
$1,375 - $3,852

Total Monthly Price

Base Rent$1,375 - $3,852

Total Monthly Price$1,375 - $3,852
1 to 2 Bedroom Apartments Available Now

The Cooperage

1650 Overbrook RdRichmond, VA 23220
Corporate Housing
  • Verified
  • Customer Reviewed
  • Utilities Included
property at 1622 Grove Ave
$1,395

Total Monthly Price

Base Rent$1,395

Total Monthly Price$1,395
1 Bedroom, 1 Bath Home for Rent
Available Now
Affordability

1622 Grove Ave

RichmondVA23220
property at 3218 W Grace St
$1,395

Total Monthly Price

Base Rent$1,395

Total Monthly Price$1,395
2 Bedroom, 1 Bath Home for Rent
Available Now
Affordability

3218 W Grace St

RichmondVA23221
property at 2008 Idlewood Ave
$1,400

Total Monthly Price

Base Rent$1,400

Total Monthly Price$1,400
2 Bedroom, 1 Bath Home for Rent
Available Sep 10

2008 Idlewood Ave

RichmondVA23220

Rent According to Income: A Look at Income-Restricted Rentals

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Penstock Quarter Apartments
Rent Specials
$1,433 - $2,690

Total Monthly Price

Base Rent$1,400 - $2,657
Required Monthly FeesVaries

Total Monthly PriceVaries
Studio to 3 Bedroom Apartments Available Now

Penstock Quarter Apartments

5001 Libbie Mill East BlvdRichmond, VA 23230
Corporate Housing
  • Verified
  • Customer Reviewed
  • 3D Tour
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The Carousel
Rent Specials
$1,442 - $2,693

Total Monthly Price

Base Rent$1,442 - $2,693

Total Monthly Price$1,442 - $2,693
Studio to 2 Bedroom Apartments Available Now

The Carousel

2400 Grayland AveRichmond, VA 23220
  • Verified
  • Customer Reviewed
  • Low Income
property at 4201 Bromley Ln
$1,450

Total Monthly Price

Base Rent$1,450

Total Monthly Price$1,450
2 Bedroom, 1 Bath Home for Rent
Available Sep 10

4201 Bromley Ln

RichmondVA23221
property at 3314 Ellwood Ave
$1,450

Total Monthly Price

Base Rent$1,450

Total Monthly Price$1,450
1 Bedroom, 1 Bath Home for Rent
Available Now

3314 Ellwood Ave

RichmondVA23221
property at 3322 Ellwood Ave
$1,450

Total Monthly Price

Base Rent$1,450

Total Monthly Price$1,450
1 Bedroom, 1 Bath Home for Rent
Available Now

3322 Ellwood Ave

RichmondVA23221

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.

property at 1104 S Lombardy St
$1,500

Total Monthly Price

Base Rent$1,500

Total Monthly Price$1,500
2 Bedroom, 1 Bath Home for Rent
Available Now

1104 S Lombardy St

RichmondVA23220
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Scotts Edge
$1,512 - $1,993

Total Monthly Price

Base Rent$1,507 - $1,988
Required Monthly FeesVaries

Total Monthly PriceVaries
1 to 2 Bedroom Apartments Contact Us For Availability

Scotts Edge

3408-3410 Moore StRichmond, VA 23230
Family Friendly
  • Verified
  • Utilities Included
  • Smoke Free
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The Village at Horsepen
$1,525 - $2,233

Total Monthly Price

Base Rent$1,505 - $2,213
Required Monthly FeesVaries

Total Monthly PriceVaries
1 to 2 Bedroom Apartments Available Now

The Village at Horsepen

6701 Dartmouth AveRichmond, VA 23226
Corporate Housing
  • Verified
  • Customer Reviewed
  • 3D Tour
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Tapestry West
Rent Specials
$1,531 - $3,555

Total Monthly Price

Base Rent$1,531 - $3,555

Total Monthly PriceVaries
Studio to 2 Bedroom Apartments Available Now

Tapestry West

2031 Maywill StRichmond, VA 23230
Eco-Friendly
  • Verified
  • Customer Reviewed
  • 3D Tour
property at 3204 Hanover Ave
$1,550

Total Monthly Price

Base Rent$1,550

Total Monthly Price$1,550
1 Bedroom, 1 Bath Home for Rent
Available Now

3204 Hanover Ave

RichmondVA23221

Richmond’s Best Affordable Neighborhoods

Learn about Richmond and the best affordable places to live by our Local Expert Richard Corrigan

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Scott's View
$1,572 - $3,756

Total Monthly Price

Base Rent$1,572 - $3,756

Total Monthly Price$1,572 - $3,756
1 to 2 Bedroom Apartments Available Now

Scott's View

3410 W Clay StRichmond, VA 23230
Corporate Housing
  • Verified
  • Customer Reviewed
  • Utilities Included
property at 1422 Winder St
$1,575

Total Monthly Price

Base Rent$1,575

Total Monthly Price$1,575
2 Bedroom, 1 Bath Home for Rent
Available Now

1422 Winder St

RichmondVA23220
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Wellsmith Apartments
$1,593 - $16,072

Total Monthly Price

Base Rent$1,560 - $16,039
Required Monthly FeesVaries

Total Monthly PriceVaries
Studio to 3 Bedroom Apartments Available Now

Wellsmith Apartments

5000 Libbie Mill East BlvdRichmond, VA 23230
Corporate Housing
  • Verified
  • Customer Reviewed
  • 3D Tour
property at 2204 W Grace St
$1,595

Total Monthly Price

Base Rent$1,595

Total Monthly Price$1,595
1 Bedroom, 1 Bath Home for Rent
Available Now

2204 W Grace St

RichmondVA23220
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2700 Idlewood Ave
Studio to 1 Bedroom Apartments

2700 Idlewood Ave

2700 Idlewood AveRichmond, VA 23220
Senior Living
  • Utilities Included

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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 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 ListingModel NameBed/BathPriced From
Legacy at Imperial VillageStudioStudio,1BA$835
MacTavish FlatsBStudio,1BA$1,053
Guardian Place ApartmentsS1 Guardian Place 1Studio,1BA$1,192
Todd LoftsStudioStudio,1BA$1,239
Southern Stove LoftsstudioStudio,1BA$1,250
3425 Kensington Avenue1BR/1.0BA1BR,1BA$1,250
Cookie Factory Lofts1 Bed/ 1 Bath1BR,1BA$1,250
1711 Hanover Ave1 Bed 1 Bath1BR,1BA$1,275
Crestwood at Libbie2X12BR,1BA$1,329
Stuart and Davis1 Bedroom / 1 Bath - 650sqft1BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
2602-2606 Monument Ave3 Bedroom 2 Bath - 644903BR,2BA$1.62
4418 Cutshaw Ave, Unit 24418 Cutshaw Ave2BR,1BA$1.83
Cookie Factory Lofts3 Bed/ 2 Bath3BR,2BA$1.97
2802 Park Ave2 Bed 1 Bath2BR,1BA$1.50
3530 Grove Avenue2BR/1.0BA2BR,1BA$1.48
2033 W Broad St1BR/1.0BA1BR,1BA$1.40
Stuart and Davis1 Bedroom / 1 Bath - 650sqft1BR,1BA$1.35
3549 Grove Ave1BR/1.0BA1BR,1BA$1.97
800 N. Sheppard St.2BR/1.0BA2BR,1BA$1.73
Legacy at Imperial VillageOne Bedroom One Bath Standard1BR,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.

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The 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

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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.

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Quick 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.

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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.

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