Cheap Apartments for Rent in the Colonial Avenue Area Roanoke, VA from $500 (24 Rentals)

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

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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
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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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Colonial Yorktown
1 to 3 Bedroom Apartments

Colonial Yorktown

2920 Brandon Ave SWRoanoke, VA 24015
  • Utilities Included

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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Summertree
1 to 3 Bedroom Apartments

Summertree

3787 Southway Dr SWRoanoke, VA 24014
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StoneBrook Apartments
1 to 3 Bedroom Apartments

StoneBrook Apartments

3301 Circle Brook DrRoanoke, VA 24018
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The River House
Studio to 2 Bedroom Apartments

The River House

806 Wasena Ave SWRoanoke, VA 24015

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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Brandon West
2 Bedroom Apartments

Brandon West

2754 Brandon Ave SWRoanoke, VA 24015
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2001 Lynn Ave
1 to 2 Bedroom Apartments

2001 Lynn Ave

2001 Lynn Ave SWRoanoke, VA 24014
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Summit at Roanoke
1 to 3 Bedroom Apartments

Summit at Roanoke

4500 Franklin Rd SWRoanoke, VA 24014
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Cotton Mill Lofts
1 to 2 Bedroom Apartments

Cotton Mill Lofts

505 6th St SWRoanoke, VA 24016
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Bridgeway Gardens
2 Bedroom Apartments

Bridgeway Gardens

2307-2317 Memorial Ave SWRoanoke, VA 24015
  • 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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The Patrick Henry
Studio to 2 Bedroom Apartments

The Patrick Henry

611 S Jefferson StRoanoke, VA 24011

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 Stone Ridge Apartments- Convenient Location priced from $945. 3rd,SW,1401 has the second lowest priced unit, which is a 1 Bed apartment currently listed from $950. Here are the most affordable Colonial Avenue Area apartments for rent in Roanoke, VA:

Apartment ListingModel NameBed/BathPriced From
Stone Ridge Apartments- Convenient Location1BR/1.0BA1BR,1BA$945
3rd,SW,14011BR/1.0BA1BR,1BA$950
Pebble CreekHeron1BR,1BA$1,068
Honeywood Apartments1 Bedroom1BR,1BA$1,086
Gramercy Row Apartment Residences1 Bedroom 1 Bath 1271BR,1BA$1,100

Best Value Apartments for Rent in Colonial Avenue Area, VA

As of October 07, 2025 the best value apartment in the Colonial Avenue Area area is the $1.71 price per square foot Swan Model at Pebble Creek in the in the Southern Hills neighborhood starting from $2,129. The second greatest value Colonial Avenue Area apartment is the 2BR/1.0BA Model at Gardens At Grandin - II starting at $1,175 with a $1.07 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Pebble CreekSwan3BR,2BA$1.71
Gardens At Grandin - II2BR/1.0BA2BR,1BA$1.07
1801 Grandin Road Southwest1801 Grandin Road Southwest - 18012BR,1.5BA$1.27
Sunscape ApartmentsThe Grand 2 BR 2 BA2BR,2BA$1.57
Windy Hill Key2 Bedroom, 2 Bath2BR,2BA$1.31
Langdon Square2x22BR,2BA$1.55
Honeywood Apartments1 Bedroom1BR,1BA$1.45
Stone Ridge Apartments- Convenient Location1BR/1.0BA1BR,1BA$1.51
3rd,SW,14011BR/1.0BA1BR,1BA$1.57
1409 3rd St SW, Unit unit A21409 3rd St SW1BR,1BA$1.49

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Pet Friendly Lifestyle
Colonial Avenue Area, Roanoke, VA

Ranked #13

Among cities in Virginia for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

2.5
Pet Friendly

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Getting Around the Colonial Avenue Area Neighborhood in Roanoke, VA

Walk Score®

61 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

38 / 100

Somewhat Bikeable

Minimal bike infrastructure

Transit Score®

30 / 100

Some Transit

A few nearby public transportation options

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 $945 at Stone Ridge Apartments- Convenient Location.

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 $1,175 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 $1,561.

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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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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.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.

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

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.