
Cheap Apartments for Rent in the Colonial Avenue Area Roanoke, VA from $500 (63 Rentals)
Search the lowest-cost Apartments available for rent right now in the Colonial Avenue Area area of Roanoke.


622 Allison Ave SW

802 Rorer Ave SW

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1222-1224 Maple Ave SW

Total Monthly Price
Stone Ridge Apartments- Convenient Location

Total Monthly Price
1955 Belleville Rd SW, Unit 1953 Belleville Rd, Apt 2

1331 Main St SW

2204 York Rd SW

631 Campbell Ave LLC - Residential

Total Monthly Price
426 Walnut Ave SE, Unit D
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.

Gardens At Grandin - II

401 Washington Avenue Southwest, Unit Washington Ave sw

934 Floyd Ave SW

2016 Sanford Ave SW

715 Marshall Ave SW

743-745 Suburban Ave SW

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Pebble Creek

115 Elm Ave

355 Highland Ave SW

1131 Wasena Ave SW
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.

1430 Chapman Ave SW

3474-3474 Yellow Mountain Rd SE

515 Washington Avenue Southwest, Unit Washington A

1717-1719 Chapman Ave SW

2216-2218 Memorial Ave SW

1329 Campbell Ave SW

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Honeywood Apartments

Westmont Apartments

The Aurora - Residential

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Gramercy Row Apartment Residences
Cash 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.

Edgehill Estates

Abbingdon of Old Southwest

El Ray Apartments

Heritage Hall

Summertree

Mountain View Terrace Apartments

Terrace North Apartments

StoneBrook Apartments

The River House

Hounds Chase Apartments
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.

16 Church Ave SW

1624 Chapman Ave SW

1801 Grandin Road Southwest

1624 SW Chapman Ave

2001 Lynn Ave

The Patrick Henry

Summit at Roanoke

Cotton Mill Lofts

Grandin Court Apartments

Copper Croft Apartments
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.
Colonial Avenue Area, Roanoke, VA Local Guide

How much does it cost to rent an apartment in Colonial Avenue Area?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Colonial Avenue Area 1 Bedroom Apartments | $1,352 | $850 | $1,676 |
| Colonial Avenue Area 2 Bedroom Apartments | $1,444 | $895 | $2,942 |
| Colonial Avenue Area 3 Bedroom Apartments | $1,752 | $1,200 | $2,503 |
| Colonial Avenue Area 4 Bedroom Apartments | $1,545 | $1,545 | $1,545 |
Browse Apartments in this Neighborhood
There are currently 63 rentals with your search options within a 2 mile radius of the Colonial Avenue Area Neighborhood of Roanoke, VA.
See all Apartments in RoanokeExplore Roanoke
Colonial Avenue Area, Roanoke, VA Local Guide
- Nearby Roanoke neighborhoods
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Cheapest Available Colonial Avenue Area Apartments for Rent
 The cheapest available apartment rental in the Colonial Avenue Area area of Roanoke, VA is a 1 Bed unit found at 1624 SW Chapman Ave priced from $799. 1222-1224 Maple Ave SW has the second lowest priced unit, which is a 1 Bed apartment currently listed from $895. Here are the most affordable Colonial Avenue Area apartments for rent in Roanoke, VA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 1624 SW Chapman Ave | 1 Beds, 1 Baths | 1BR,1BA | $799 |
| 1222-1224 Maple Ave SW | 1 Bed 1 Bath | 1BR,1BA | $895 |
| Stone Ridge Apartments- Convenient Location | 1BR/1.0BA | 1BR,1BA | $915 |
| 3rd,SW,1401 | 1BR/1.0BA | 1BR,1BA | $1,025 |
| 631 Campbell Ave LLC - Residential | 1BR/1.0BA | 1BR,1BA | $1,035 |
| Pebble Creek | Heron | 1BR,1BA | $1,111 |
| Gardens At Grandin - II | 2BR/1.0BA | 2BR,1BA | $1,125 |
| Honeywood Apartments | 1 Bedroom | 1BR,1BA | $1,204 |
| 701 3rd Street | 2x1 | 2BR,1BA | $1,249 |
Best Value Apartments for Rent in Colonial Avenue Area, VA
As of June 05, 2026 the best value apartment in the Colonial Avenue Area area is the $1.10 price per square foot 1609 Chapman Ave SW Model at 1609 Chapman Ave SW, Unit B in the in the Gilmer neighborhood starting from $1,545. The second greatest value Colonial Avenue Area apartment is the 3 Bedroom, 2 Bath Model at Windy Hill Key starting at $1,611 with a $1.30 price per square foot in the Southern Hills neighborhood. Here is today’s list of the best values for Colonial Avenue Area apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 1609 Chapman Ave SW, Unit B | 1609 Chapman Ave SW | 4BR,1BA | $1.10 |
| Windy Hill Key | 3 Bedroom, 2 Bath | 3BR,2BA | $1.30 |
| Bent Tree | 2 BEDROOM | 2BR,1BA | $1.23 |
| Gardens At Grandin - II | 2BR/1.0BA | 2BR,1BA | $1.07 |
| 356 Walnut Ave SW | 1 Beds, 1 Baths | 1BR,1BA | $1.53 |
| Westmont Apartments | 1BR | 1BR,1BA | $1.58 |
| Honeywood Apartments | 1 Bedroom | 1BR,1BA | $1.61 |
| 426 Walnut Ave SE, Unit Unit D | 426 Walnut Ave SE | 2BR,1BA | $1.40 |
| 1624 SW Chapman Ave | 1 Beds, 1 Baths | 1BR,1BA | $1.23 |
| Stone Ridge Apartments- Convenient Location | 1BR/1.0BA | 1BR,1BA | $1.46 |
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.
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
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.
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.
Best Local Schools in Colonial Avenue Area, Roanoke, VA
School data provided by Great Schools
Lifestyle Ratings
ApartmentHomeLiving brings you our detailed rental analysis called 'Lifestyle Ratings' - a comparison of rentals and neighborhoods across the USA, and customized analysis for Central Roanoke. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including rankings of the best places for convenient access to the outdoors, luxury amenities, pet-friendly features, apartment complexes for the kids, proximity to transit, walking, and biking. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!
Frequently Asked Questions about Cheap Colonial Avenue Area Apartments
How much is rent for a Cheap One Bedroom Colonial Avenue Area Apartment?
The lowest price for a Cheap One Bedroom Colonial Avenue Area Apartment is $799 at 1624 SW Chapman Ave.
What is the lowest price for a Cheap Two Bedroom Colonial Avenue Area Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Colonial Avenue Area is starting from $1,125 at Gardens At Grandin - II.
What is the most affordable Colonial Avenue Area Three Bedroom Apartment?
The best deal on a cheap Colonial Avenue Area Three Bedroom Apartment rental is at Windy Hill Key and starts from $1,611.
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.
Articles, How-To's, and Tips

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

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.