Cheap Apartments for Rent in the Colonial Place Neighborhood of Richmond, VA from $800 (70 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 3600 W Broad St

3600 W Broad St

RichmondVA23230

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2700 Idlewood Ave
Studio to 1 Bedroom Apartments

2700 Idlewood Ave

2700 Idlewood AveRichmond, VA 23220
  • Utilities Included

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3329 Cutshaw Ave
1 to 2 Bedroom Apartments

3329 Cutshaw Ave

3329 Cutshaw AveRichmond, VA 23230
  • 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 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
Southern Stove Lofts1bed 1bth1BR,1BA$1,250
South Arthur1/11BR,1BA$1,299
Cookie Factory LoftsStudio1BR,1BA$1,300
Kent Road VillageKent1BR,1BA$1,315
Scotts Edge1BR-2341BR,1BA$1,320
Penstock Quarter ApartmentsS4Studio,1BA$1,381

Best Value Apartments for Rent in Colonial Place, VA

As of September 15, 2025 the best value apartment in the Colonial Place area is the $1.89 price per square foot D1 Model at Jordans Branch Apartments in the in the Far West neighborhood starting from $2,895. The second greatest value Colonial Place apartment is the 2A (RENO) Model at River School Lofts starting at $2,170 with a $1.78 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Jordans Branch ApartmentsD13BR,2.5BA$1.89
River School Lofts2A (RENO)2BR,1BA$1.78
3131 W Grace St, Unit 13131 W Grace St2BR,1BA$1.84
3425 Kensington Avenue2BR/1.0BA2BR,1BA$1.65
South Arthur1/11BR,1BA$1.53
The Gallery Midtown ApartmentsRenovated Patterson2BR,1BA$2.03
LIV Lakeview2 Beds, 1 Baths2BR,1BA$1.99
Legacy ApartmentsOne Bedroom, One Bath - Patio1BR,1BA$1.73
Cookie Factory LoftsStudioStudio ,1BA$2.02
Imperial Living Propco LLCOne Bedroom One Bath Standard1BR,1BA$1.94

Quick Rent Budget Calculator

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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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Pet Friendly Lifestyle
Colonial Place, Richmond, VA

Ranked #68

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 $1,381.

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 $5,994.

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 44 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 $195 which is $5,799 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.

decorative image for A Local Experts Guide To the Top Budget-Friendly Neighborhoods to Rent in Richmond, VA article

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 Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

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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.