
Cheap Apartments for Rent in the Colonial Avenue Area Roanoke, VA from $560 (73 Rentals)
Search the lowest-cost Apartments available for rent right now in the Colonial Avenue Area area of Roanoke.


622 Allison Ave SW

1334 Chapman Ave SW

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1222-1224 Maple Ave SW

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The Stone Ridge Apartments

802 Rorer Ave SW

321 Dale Ave SE

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901 Campbell Ave SW, Unit A

379 Walnut Ave SW

2840 Colonial Ave SW, Unit A12
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

353 Highland Ave SW

515 Albemarle Ave SE

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Gardens At Grandin - II

1214 Hamilton Terrace SE

910 Campbell Ave SW

715 Marshall Ave SW

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The Aurora - Residential

934 Floyd Ave SW

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422 King George Ave SW, Unit 3

343 Albemarle Ave SW
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

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Windy Hill Key

2225 Berkley Ave SW, Unit Apt. 2

1430 Chapman Ave SW

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631 Campbell Ave LLC - Residential

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Honeywood Apartments

1717-1719 Chapman Ave SW

917 Campbell Ave SW

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Pebble Creek

115 Elm Ave

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Westmont Apartments
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

2209 Jefferson St SW

Edgehill Estates

Abbingdon of Old Southwest

110 Campbell Ave SE

El Ray Apartments

Heritage Hall

Summertree

Mountain View Terrace Apartments

Terrace North Apartments

StoneBrook Apartments
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.

The River House

202 Elm Ave

Hounds Chase Apartments

1801 Grandin Road Southwest

1624 SW Chapman Ave

1624 Chapman Ave SW

2001 Lynn Ave

The Patrick Henry

Summit at Roanoke

Cotton Mill Lofts
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.
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 | $1,258 | $850 | $2,140 |
| Colonial Avenue Area 2 Bedroom Apartments | $1,463 | $895 | $2,525 |
| Colonial Avenue Area 3 Bedroom Apartments | $1,773 | $995 | $2,161 |
Browse Apartments in this Neighborhood
There are currently 73 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 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 |
| Walnut/379 | 1BR/1.0BA | 1BR,1BA | $980 |
| Gardens At Grandin - II | 1BR/1.0BA | 1BR,1BA | $995 |
| Brandon West | 2 Beds, 1 Baths | 2BR,1BA | $1,010 |
| Bridgeway Gardens | 2 Beds, 1.5 Baths | 2BR,1BA | $1,035 |
| The Aurora - Residential | 1BR/1.0BA | 1BR,1BA | $1,075 |
| 701 3rd Street | 1x1 | 1BR,1BA | $1,149 |
| 302 Mountain Ave | 1BR/1.0BA | 1BR,1BA | $1,150 |
Best Value Apartments for Rent in Colonial Avenue Area, VA
As of September 12, 2026 the best value apartment in the Colonial Avenue Area area is the $0.94 price per square foot 2 Beds, 1.5 Baths Model at Bridgeway Gardens in the in the Gilmer neighborhood starting from $1,035. The second greatest value Colonial Avenue Area apartment is the 1801 Grandin Road Southwest - 2006... Model at 1801 Grandin Road Southwest starting at $1,399 with a $1.27 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. |
|---|---|---|---|
| Bridgeway Gardens | 2 Beds, 1.5 Baths | 2BR,1.5BA | $0.94 |
| 1801 Grandin Road Southwest | 1801 Grandin Road Southwest - 2006... | 3BR,1.5BA | $1.27 |
| Windy Hill Key | 2 Bedroom, 2 Bath | 2BR,2BA | $1.31 |
| Westmont Apartments | 2BR | 2BR,2BA | $1.45 |
| Gardens At Grandin - II | 1BR/1.0BA | 1BR,1BA | $1.24 |
| 302 Mountain Ave | 1BR/1.0BA | 1BR,1BA | $1.46 |
| 2415 Broadway Ave SW | 2 Beds, 1 Baths | 2BR,1BA | $1.54 |
| 701 3rd Street | 1x1 | 1BR,1BA | $1.53 |
| Brandon West | 2 Beds, 1 Baths | 2BR,1BA | $1.42 |
| 1624 SW Chapman Ave | 1 Beds, 1 Baths | 1BR,1BA | $1.23 |
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 ArticleNavigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
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
Fishburn Park Elementary School
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 $1,010 at Brandon West.
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 1801 Grandin Road Southwest and starts from $1,399.
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

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.