Cheap Apartments for Rent in the Colonial Avenue Area Roanoke, VA from $500 (43 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Colonial Avenue Area area of Roanoke.

property at 1331 Campbell Ave SW

$695

Total Monthly Price

Total Monthly Price

Base Rent
$695

Total Monthly Price
$695

1 Bedroom, 1 Bath Home for Rent

Available Now

1331 Campbell Ave SW

RoanokeVA24016
property at 802 Rorer Ave SW

$895

Total Monthly Price

Total Monthly Price

Base Rent
$895

Total Monthly Price
$895

2 Bedroom, 1 Bath Home for Rent

Available Now

802 Rorer Ave SW

RoanokeVA24016
property at 809 Ferdinand Ave SW

$950

Total Monthly Price

Total Monthly Price

Base Rent
$950

Total Monthly Price
$950

3 Bedroom, 1 Bath Home for Rent

Available Apr 19

809 Ferdinand Ave SW

RoanokeVA24016

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.

property at 19 Highland Ave SW

$1,023 - $1,223

Total Monthly Price

Total Monthly Price

Base Rent
$1,023

Total Monthly Price
$1,023

2 To 3 Bedroom Rentals

Available Now

19 Highland Ave SW

RoanokeVA24016
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Edgehill Estates
Studio to 2 Bedroom Apartments

Edgehill Estates

739 Townside Rd SWRoanoke, VA 24014
  • Utilities Included
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El Ray Apartments
1 to 2 Bedroom Apartments

El Ray Apartments

2627 Westover Ave SWRoanoke, VA 24015
  • Utilities Included
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Heritage Hall
1 to 2 Bedroom Apartments

Heritage Hall

379 Highland Ave SWRoanoke, VA 24016
  • Utilities Included
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Summertree
1 to 3 Bedroom Apartments

Summertree

3787 Southway Dr SWRoanoke, VA 24014
  • Utilities Included

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.

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StoneBrook Apartments
1 to 3 Bedroom Apartments

StoneBrook Apartments

3301 Circle Brook DrRoanoke, VA 24018
  • Utilities Included
property at 202 Elm Ave

$749

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$749

Total Monthly Price
$749

Studio, 1 Bath Home for Rent

Available Now

202 Elm Ave

RoanokeVA24016
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The River House
Studio to 2 Bedroom Apartments

The River House

806 Wasena Ave SWRoanoke, VA 24015
Corporate Housing
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2001 Lynn Ave
1 to 2 Bedroom Apartments

2001 Lynn Ave

2001 Lynn Ave SWRoanoke, VA 24014
  • Utilities Included

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.

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Summit at Roanoke
1 to 3 Bedroom Apartments

Summit at Roanoke

4500 Franklin Rd SWRoanoke, VA 24014
  • Utilities Included
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The Patrick Henry
Studio to 2 Bedroom Apartments

The Patrick Henry

611 S Jefferson StRoanoke, VA 24011
Corporate Housing
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Cotton Mill Lofts
1 to 2 Bedroom Apartments

Cotton Mill Lofts

505 6th St SWRoanoke, VA 24016
Corporate Housing
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The Ridge
1 to 3 Bedroom Apartments

The Ridge

2920 Brandon Ave SWRoanoke, VA 24015
  • Utilities Included
property at 821 Salem Ave SW

$870

Total Monthly Price

Total Monthly Price

Base Rent
$870

Total Monthly Price
$870

Studio, 1 Bath Condo for Rent

Available Jun 25

821 Salem Ave SW

RoanokeVA24016

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.

property at 110 Campbell Ave SE

$935 - $1,300

Total Monthly Price

Total Monthly Price

Base Rent
$935

Total Monthly Price
$935

Studio To 1 Bedroom Rentals

Available Now

110 Campbell Ave SE

RoanokeVA24011
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The Hancock Building
1 to 2 Bedroom Apartments

The Hancock Building

35 Campbell Ave SWRoanoke, VA 24011
  • Utilities Included
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115 Elm Ave SW
1 to 2 Bedroom Apartments

115 Elm Ave SW

115 Elm Ave SWRoanoke, VA 24016
  • Utilities Included
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Bridgeway Gardens
2 Bedroom Apartments

Bridgeway Gardens

2307-2317 Memorial Ave SWRoanoke, VA 24015
  • Utilities Included
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Brandon West
2 Bedroom Apartments

Brandon West

2754 Brandon Ave SWRoanoke, VA 24015
  • Utilities Included
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The Jefferson
1 to 2 Bedroom Apartments

The Jefferson

2201 Jefferson St SWRoanoke, VA 24014

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.

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3rd,SW,1401
1 Bedroom Apartments

3rd,SW,1401

1401 3rd St SWRoanoke, VA 24016
property at 2504 Longview Ave SW

$1,050

Total Monthly Price

Total Monthly Price

Base Rent
$1,050

Total Monthly Price
$1,050

1 Bedroom, 1 Bath Home for Rent

Available Now

2504 Longview Ave SW

RoanokeVA24014
property at 3528 Timberline Trail

$1,050

Total Monthly Price

Total Monthly Price

Base Rent
$1,050

Total Monthly Price
$1,050

1 Bedroom, 1 Bath Condo for Rent

Available May 1

3528 Timberline Trail

Cave SpringVA24018

Colonial Avenue Area, Roanoke, VA Local Guide

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 ListingModel NameBed/BathPriced From
1222-1224 Maple Ave SW1 Bed 1 Bath1BR,1BA$895
The Aurora - Residential0BR/1.0BAStudio,1BA$935
Stone Ridge Apartments- Convenient Location1BR/1.0BA1BR,1BA$945
631 Campbell Ave LLC - ResidentialStudio LoftStudio,1BA$965
3rd,SW,14011BR/1.0BA1BR,1BA$1,025
Gardens At Grandin - II2BR/1.0BA2BR,1BA$1,125
Pebble CreekHeron1BR,1BA$1,156
Honeywood Apartments1 Bedroom1BR,1BA$1,185
701 3rd Street2x12BR,1BA$1,249

Best Value Apartments for Rent in Colonial Avenue Area, VA

As of April 18, 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 ListingModel NameBed/BathPrice Per Sq.Ft.
1841 Oxford Ave SW, Unit 2 Bd 1 Ba Eco Apartment1841 Oxford Ave SW2BR,1BA$1.14
Windy Hill Key3 Bedroom, 2 Bath3BR,2BA$1.30
Bent Tree3 BEDROOM3BR,1BA$1.57
Gardens At Grandin - II2BR/1.0BA2BR,1BA$1.07
Westmont Apartments2BR2BR,2BA$1.30
Langdon Square2x22BR,2BA$1.55
Pebble CreekEgret1BR,1BA$1.55
Honeywood Apartments1 Bedroom1BR,1BA$1.58
426 Walnut Ave SE, Unit Unit D426 Walnut Ave SE2BR,1BA$1.40
Stone Ridge Apartments- Convenient Location1BR/1.0BA1BR,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.

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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.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

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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.

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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.

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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

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

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.

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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.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

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.

decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

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.