
Cheap Apartments for Rent in the Colonial Avenue Area Roanoke, VA from $500 (43 Rentals)
Search the lowest-cost Apartments available for rent right now in the Colonial Avenue Area area of Roanoke.


Total Monthly Price
1222-1224 Maple Ave SW

802 Rorer Ave SW

The Aurora - Residential

Total Monthly Price
Stone Ridge Apartments- Convenient Location

809 Ferdinand Ave SW

1802 Patterson Ave SW

Total Monthly Price
631 Campbell Ave LLC - Residential
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.

19 Highland Ave SW

Total Monthly Price
426 Walnut Ave SE, Unit Unit D, Unit Unit D

Gardens At Grandin - II

Edgehill Estates

Abbingdon of Old Southwest

El Ray Apartments

Heritage Hall

Summertree
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.

Mountain View Terrace Apartments

Terrace North Apartments

StoneBrook Apartments

202 Elm Ave

The River House

Hounds Chase Apartments

1801 Grandin Road Southwest

2001 Lynn 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.

Summit at Roanoke

The Patrick Henry

Cotton Mill Lofts

Grandin Court Apartments

1306 Patterson Ave SW

Copper Croft Apartments

The Ridge

821 Salem Ave SW
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.

110 Campbell Ave SE

Grandin Village Apartments

South Roanoke Apartment Village

The Hancock Building

115 Elm Ave SW

Bridgeway Gardens

Brandon West

The Jefferson
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.

3rd,SW,1401

2504 Longview Ave SW

3528 Timberline Trail
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 Studio Apartments | $960 | $935 | $965 |
| Colonial Avenue Area 1 Bedroom Apartments | $1,356 | $895 | $1,664 |
| Colonial Avenue Area 2 Bedroom Apartments | $1,558 | $895 | $2,942 |
| Colonial Avenue Area 3 Bedroom Apartments | $1,775 | $950 | $2,699 |
| Colonial Avenue Area 4 Bedroom Apartments | $1,525 | $1,525 | $1,525 |
Browse Apartments in this Neighborhood
There are currently 43 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
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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 1222-1224 Maple Ave SW priced from $895. The Aurora - Residential has the second lowest priced unit, which is a Studio apartment currently listed from $935. Here are the most affordable Colonial Avenue Area apartments for rent in Roanoke, VA:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 1222-1224 Maple Ave SW | 1 Bed 1 Bath | 1BR,1BA | $895 |
| The Aurora - Residential | 0BR/1.0BA | Studio,1BA | $935 |
| Stone Ridge Apartments- Convenient Location | 1BR/1.0BA | 1BR,1BA | $945 |
| 631 Campbell Ave LLC - Residential | Studio Loft | Studio,1BA | $965 |
| 3rd,SW,1401 | 1BR/1.0BA | 1BR,1BA | $1,025 |
| Gardens At Grandin - II | 2BR/1.0BA | 2BR,1BA | $1,125 |
| Pebble Creek | Heron | 1BR,1BA | $1,156 |
| Honeywood Apartments | 1 Bedroom | 1BR,1BA | $1,185 |
| 701 3rd Street | 2x1 | 2BR,1BA | $1,249 |
Best Value Apartments for Rent in Colonial Avenue Area, VA
As of April 17, 2026 the best value apartment in the Colonial Avenue Area area is the $1.14 price per square foot 1841 Oxford Ave SW Model at 1841 Oxford Ave SW, Unit 2 Bd 1 Ba Eco Apartment in the in the Gilmer neighborhood starting from $1,825. 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. |
|---|---|---|---|
| 1841 Oxford Ave SW, Unit 2 Bd 1 Ba Eco Apartment | 1841 Oxford Ave SW | 2BR,1BA | $1.14 |
| Windy Hill Key | 3 Bedroom, 2 Bath | 3BR,2BA | $1.30 |
| Bent Tree | 3 BEDROOM | 3BR,1BA | $1.57 |
| Gardens At Grandin - II | 2BR/1.0BA | 2BR,1BA | $1.07 |
| Westmont Apartments | 2BR | 2BR,2BA | $1.30 |
| Langdon Square | 2x2 | 2BR,2BA | $1.55 |
| Pebble Creek | Egret | 1BR,1BA | $1.55 |
| Honeywood Apartments | 1 Bedroom | 1BR,1BA | $1.58 |
| 426 Walnut Ave SE, Unit Unit D | 426 Walnut Ave SE | 2BR,1BA | $1.40 |
| Stone Ridge Apartments- Convenient Location | 1BR/1.0BA | 1BR,1BA | $1.51 |
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.
Read ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
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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
What is the Cheapest Studio apartment in Colonial Avenue Area?
Currently the most affordable Cheap Studio Apartment in Colonial Avenue Area is at The Aurora - Residential listed at $935.
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 $895 at 1222-1224 Maple Ave SW.
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

What Does “Rent Burdened” Mean? How Much Rent Is Too Much
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.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

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.