
Cheap Apartments for Rent in the Colonial Avenue Area Roanoke, VA from $500 (36 Rentals)
Search the lowest-cost Apartments available for rent right now in the Colonial Avenue Area area of Roanoke.


429-431 Albemarle Ave SW

904 Campbell Ave SW

1912 Arden Rd SW

Stone Ridge Apartments- Convenient Location

Gardens At Grandin - II

810 Rorer Ave SW

802 Rorer Ave SW

2404 Longview 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.

Edgehill Estates

Abbingdon of Old Southwest

El Ray Apartments

Heritage Hall

Summertree

Mountain View Terrace 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.

Terrace North Apartments

1801 Grandin Road Southwest

2001 Lynn Ave

Summit at Roanoke

Cotton Mill Lofts

Grandin Court Apartments

Copper Croft Apartments

The Patrick Henry

The Ridge
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.

Grandin Village Apartments

South Roanoke Apartment Village

3rd,SW,1401

The Hancock Building

115 Elm Ave SW

Brandon West

Bridgeway Gardens

The Jefferson

3235 Chaparral Dr
Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
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 | $1,265 | $850 | $1,500 |
| Colonial Avenue Area 2 Bedroom Apartments | $1,441 | $900 | $3,019 |
| Colonial Avenue Area 3 Bedroom Apartments | $1,899 | $1,611 | $2,422 |
| Colonial Avenue Area 4 Bedroom Apartments | $2,035 | $1,595 | $2,475 |
Browse Apartments in this Neighborhood
There are currently 36 rentals with your search options within a 2 mile radius of the Colonial Avenue Area Neighborhood of Roanoke, VA.
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Colonial Avenue Area, Roanoke, VA Local Guide
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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 3rd,SW,1401 priced from $950. Stone Ridge Apartments- Convenient Location has the second lowest priced unit, which is a 2 Beds apartment currently listed from $995. Here are the most affordable Colonial Avenue Area apartments for rent in Roanoke, VA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 3rd,SW,1401 | 1BR/1.0BA | 1BR,1BA | $950 |
| Stone Ridge Apartments- Convenient Location | 2BR/1.0BA | 2BR,1BA | $995 |
| Gardens At Grandin - II | 1BR/1.0BA | 1BR,1BA | $1,025 |
| 701 3rd Street | 1x1 | 1BR,1BA | $1,149 |
| Honeywood Apartments | 1 Bedroom | 1BR,1BA | $1,177 |
| Pebble Creek | Heron | 1BR,1BA | $1,202 |
| Century Bridges | Montreal ( The Whitmore) | 1BR,1BA | $1,224 |
| 1801 Grandin Road Southwest | 1801 Grandin Road Southwest - 2008... | 2BR,1BA | $1,249 |
| Windy Hill Key | 2 Bedroom, 1 Bath | 2BR,1BA | $1,261 |
| Bent Tree | 2 BEDROOM | 2BR,1BA | $1,280 |
Best Value Apartments for Rent in Colonial Avenue Area, VA
As of January 09, 2026 the best value apartment in the Colonial Avenue Area area is the $0.95 price per square foot House Model at 3120 Stoneridge Rd SW in the in the Southern Hills neighborhood starting from $2,475. The second greatest value Colonial Avenue Area apartment is the 1609 Chapman Ave SW Model at 1609 Chapman Ave SW, Unit B starting at $1,595 with a $1.14 price per square foot in the Gilmer 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. |
|---|---|---|---|
| 3120 Stoneridge Rd SW | House | 4BR,3BA | $0.95 |
| 1609 Chapman Ave SW, Unit B | 1609 Chapman Ave SW | 4BR,1BA | $1.14 |
| Bent Tree | 3 BEDROOM | 3BR,1BA | $1.51 |
| 1801 Grandin Road Southwest | 1801 Grandin Road Southwest - 2008... | 2BR,1.5BA | $1.14 |
| Westmont Apartments | 2BR | 2BR,2BA | $1.45 |
| Windy Hill Key | 1 Bedroom, 1 Bath with Den & Storage | 1BR,1BA | $1.36 |
| Gardens At Grandin - II | 1BR/1.0BA | 1BR,1BA | $1.14 |
| Honeywood Apartments | 1 Bedroom | 1BR,1BA | $1.57 |
| Stone Ridge Apartments- Convenient Location | 2BR/1.0BA | 2BR,1BA | $1.60 |
| 3rd,SW,1401 | 1BR/1.0BA | 1BR,1BA | $1.57 |
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 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 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 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 $950 at 3rd,SW,1401.
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 $995 at Stone Ridge Apartments- Convenient Location.
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

A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger 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!