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$1,2501 Bedroom Apartments Available Aug 10
403 Cleveland St, Unit 6
403 Cleveland StRichmond, VA 23221
Cheap Homes for Rent in Colonial Place Neighborhood of Richmond, VA from $1,400 (13 Rentals)
Search the lowest-cost Homes available for rent right now in the Colonial Place area of Richmond.
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$1,2502 Bedroom Apartments Available Jul 1
4029 Clinton Ave, Unit A
4029 Clinton AveRichmond, VA 23227
1814 Westwood Ave
RichmondVA23227
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$1,462
Total Monthly Price
2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,400
Required Monthly Fees
$62
Total Monthly Price
$1,462
2207 W Grace St, Unit Apt C
2207 W Grace StRichmond, VA 23220
3212 Ellwood Ave
RichmondVA23221
210 N Stafford Ave
RichmondVA23220
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.
3119 Hanover Ave
RichmondVA23221
3903 Cutshaw Ave
RichmondVA23230
3910 Cary Street Rd
RichmondVA23221
5407 Stokes Ln
RichmondVA23226
1820 W Cary St
RichmondVA23220
1822 W Cary St
RichmondVA23220
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.
3014 Parkwood Ave
RichmondVA23221
Showing Results 1-13, Page 1 of 1
Colonial Place, Richmond, VA Local Guide
How much does it cost to rent a home in Colonial Place?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Colonial Place 2 Bedroom Homes for Rent | $2,140 | $1,495 | $3,100 |
| Colonial Place 3 Bedroom Homes for Rent | $2,633 | $1,450 | $3,950 |
| Colonial Place 4 Bedroom Homes for Rent | $2,809 | $2,195 | $3,000 |
| Colonial Place 5 Bedroom Homes for Rent | $3,195 | $3,195 | $3,195 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Homes for Rent in this Neighborhood
There are currently 13 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 1 Bed apartment currently listed from $1,125. 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 | 1bed 1bth | 1BR,1BA | $1,125 |
| Cookie Factory Lofts | 1 Bed/ 1 Bath | 1BR,1BA | $1,250 |
| Pierce Arrow | Studio | Studio,1BA | $1,355 |
| Crestwood at Libbie | 2X1 | 2BR,1BA | $1,379 |
Best Value Apartments for Rent in Colonial Place, VA
As of May 05, 2026 the best value apartment in the Colonial Place area is the $1.68 price per square foot 2D (RENO) Model at River School Lofts in the in the Far West neighborhood starting from $2,700. The second greatest value Colonial Place apartment is the 4418 Cutshaw Ave Model at 4418 Cutshaw Ave starting at $2,500 with a $2.08 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| River School Lofts | 2D (RENO) | 2BR,2BA | $1.68 |
| 4418 Cutshaw Ave | 4418 Cutshaw Ave | 2BR,1BA | $2.08 |
| 2802 Park Ave | 2 Bed 1 Bath | 2BR,1BA | $1.50 |
| Kensington, Patterson Place and Grove Ave | Kensington Place - Two Bedroom | 2BR,1BA | $1.73 |
| The Altamont | C2 | 3BR,2BA | $1.89 |
| Courtyard Lofts | Marshall | 1BR,1BA | $1.80 |
| The Cooperage | 1 Bedroom / 1 Bathroom: Loft | 1BR,1BA | $2.03 |
| The Collection of Historic Richmond | B4 & B5 | 2BR,1BA | $1.97 |
| The Icon | 1 Bedroom Tower | 1BR,1BA | $1.92 |
| Legacy at Imperial Village | One Bedroom One Bath Standard | 1BR,1BA | $1.94 |
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Learn the property manager's true secrets to a zero-deduction move-out. Use this step-by-step guide on documentation, cleaning, and lease-reading to reclaim your security deposit.
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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.
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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.
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Best Local Schools in Colonial Place, Richmond, VA
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Frequently Asked Questions about Colonial Place
What type of rentals are currently available in Colonial Place?
There are currently 370 Apartments for Rent in Colonial Place, VA with pricing that ranges from $835 to $11,309. There are also 53 Single Family Homes for rent, Condos, and Townhome rentals currently available in Colonial Place ranging from $1,450 to $3,950.
What is the current price range for Rental Homes in Colonial Place?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Colonial Place ranges from $1,450 to $3,950 with an average monthly rent of $2,535.
How much are larger Three and Four Bedroom Rentals in Colonial Place?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Colonial Place range from $1,950 to $5,275, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,450 to $3,950. Four Bedroom Single-Family rentals are also available starting from $2,195 and Four Bedroom Apartments start at $3,240.
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
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.
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.
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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.