
Cheap Homes for Rent in Colonial Place Neighborhood of Richmond, VA from $1,000 (8 Rentals)
Search the lowest-cost Homes available for rent right now in the Colonial Place area of Richmond.


3007 Ellwood Ave

712 N Arthur Ashe Blvd

1603 Hanover Ave
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.

1723 Blair St

3911 Cutshaw Ave

2110 Floyd 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.
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 | $1,792 | $1,050 | $2,600 |
| Colonial Place 3 Bedroom Homes for Rent | $2,711 | $1,600 | $6,500 |
| Colonial Place 4 Bedroom Homes for Rent | $2,585 | $2,195 | $3,200 |
Browse Homes for Rent in this Neighborhood
There are currently 8 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 |
| The Collection of Historic Richmond | A11, A12, A13, A14, A15, A16, A17, A18 & A19 | 1BR,1BA | $1,125 |
Best Value Apartments for Rent in Colonial Place, VA
As of November 03, 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 7 N Arthur Ashe Blvd Model at 7 N Arthur Ashe Blvd, Unit Apt #9 starting at $1,950 with a $1.95 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Jordans Branch Apartments | D1 | 3BR,2.5BA | $1.89 |
| 7 N Arthur Ashe Blvd, Unit Apt #9 | 7 N Arthur Ashe Blvd | 2BR,1BA | $1.95 |
| 3131 W Grace St, Unit 1 | 3131 W Grace St | 2BR,1BA | $1.84 |
| South Arthur | 1/1 | 1BR,1BA | $1.53 |
| The Gallery Midtown Apartments | Renovated Patterson | 2BR,1BA | $2.04 |
| The Collection of Historic Richmond | B1, B2 & B3 | 2BR,1BA | $1.88 |
| Legacy Apartments | One Bedroom, One Bath - Patio | 1BR,1BA | $1.73 |
| Crestwood at Libbie | 2X1 | 2BR,1BA | $2.02 |
| Cookie Factory Lofts | Studio | Studio ,1BA | $2.02 |
| Imperial Living Propco LLC | One Bedroom One Bath Standard | 1BR,1BA | $1.94 |
Apartment Common Area Rules: What Renters Need to Know
From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.
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.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
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 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?
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Pet Friendly LifestyleColonial Place, Richmond, VA
Ranked #63
Among cities in Virginia for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in Colonial Place, Richmond, VA
School data provided by Great Schools
Frequently Asked Questions about Colonial Place
What type of rentals are currently available in Colonial Place?
There are currently 349 Apartments for Rent in Colonial Place, VA with pricing that ranges from $935 to $6,090. There are also 56 Single Family Homes for rent, Condos, and Townhome rentals currently available in Colonial Place ranging from $1,000 to $6,500.
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 $1,000 to $6,500 with an average monthly rent of $1,906.
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 $1,895 to $5,025, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,600 to $6,500. Four Bedroom Single-Family rentals are also available starting from $2,195 and Four Bedroom Apartments start at $5,222.
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.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!

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.
