
Cheap Homes for Rent in Colonial Place Neighborhood of Richmond, VA from $1,000 (11 Rentals)
Search the lowest-cost Homes available for rent right now in the Colonial Place area of Richmond.


300 S Arthur Ashe Blvd

303 S Arthur Ashe Blvd, Unit 8

2705 Hanover 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

6416 Kensington Ave

107 S Meadow St

6947 Montauk Dr
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.

701 N Hamilton St
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 | $2,402 | $1,495 | $4,950 |
Colonial Place 3 Bedroom Homes for Rent | $2,692 | $1,650 | $5,800 |
Colonial Place 4 Bedroom Homes for Rent | $3,073 | $2,299 | $3,999 |
Colonial Place 5 Bedroom Homes for Rent | $3,183 | $2,995 | $3,495 |
Browse Homes for Rent in this Neighborhood
There are currently 11 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 Imperial Living Propco LLC priced from $935. 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 Listing | Model Name | Bed/Bath | Priced From |
---|---|---|---|
Imperial Living Propco LLC | Studio | Studio,1BA | $935 |
Legacy Apartments | One Bedroom, One Bath | 1BR,1BA | $1,085 |
Guardian Place Apartments | S1 Guardian Place 1 | Studio,1BA | $1,192 |
Southern Stove Lofts | studio | Studio,1BA | $1,275 |
3425 Kensington Avenue | 1BR/1.0BA | 1BR,1BA | $1,275 |
Best Value Apartments for Rent in Colonial Place, VA
As of July 29, 2025 the best value apartment in the Colonial Place area is the $2.04 price per square foot # 17 Model at The Abby on Stuart in the in the Far West neighborhood starting from $3,995. The second greatest value Colonial Place apartment is the 1714 W Cary St Model at 1714 W Cary St, Unit 4 starting at $2,700 with a $1.63 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. |
---|---|---|---|
The Abby on Stuart | # 17 | 2BR,2.5BA | $2.04 |
1714 W Cary St, Unit 4 | 1714 W Cary St | 2BR,2.5BA | $1.63 |
Cookie Factory Lofts | 3 Bed/ 2 Bath Loft | 3BR,2BA | $2.05 |
Malvern Manor Apartments | Unrenovated Grove | 2BR,1BA | $1.95 |
1510 Belleville | W4 | 1BR,1BA | $2.04 |
Scotts Edge | 2BR-309 | 2BR,2BA | $2.06 |
South Arthur | 1/1 | 1BR,1BA | $1.76 |
Lakeview Manor | 2 Beds, 1 Baths | 2BR,1BA | $1.99 |
Legacy Apartments | One Bedroom, One Bath - Patio | 1BR,1BA | $1.73 |
Imperial Living Propco LLC | One Bedroom One Bath Standard | 1BR,1BA | $1.94 |
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Frequently Asked Questions about Colonial Place
What type of rentals are currently available in Colonial Place?
There are currently 363 Apartments for Rent in Colonial Place, VA with pricing that ranges from $935 to $11,350. There are also 75 Single Family Homes for rent, Condos, and Townhome rentals currently available in Colonial Place ranging from $1,095 to $5,800.
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 $1,095 to $5,800 with an average monthly rent of $2,514.
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 $1,995 to $8,816, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,650 to $5,800. Four Bedroom Single-Family rentals are also available starting from $2,299 and Four Bedroom Apartments start at $2,650.
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.

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.

Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
Written by: Cheryl Bowman
A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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.

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.