Cheap Apartments for Rent in the Colonial Avenue Area Roanoke, VA from $500 (56 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 2363 Mountain View Terrace SW

$815 - $850

Total Monthly Price

Total Monthly Price

Base Rent
$850

Total Monthly Price
$850

1 Bedroom Rentals

Available Now

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 2411 Colonial Ave SW

$923

Total Monthly Price

Total Monthly Price

Base Rent
$923

Total Monthly Price
$923

2 Bedroom, 2 Bath Home for Rent

Available Now

2411 Colonial Ave SW

RoanokeVA24015
property at 445 Riverland Rd SE

$925

Total Monthly Price

Total Monthly Price

Base Rent
$925

Total Monthly Price
$925

1 Bedroom, 1 Bath Home for Rent

Available Now

445 Riverland Rd SE

RoanokeVA24014
property at 379 Walnut Ave SW

$925 - $1,050

Total Monthly Price

Total Monthly Price

Base Rent
$925

Total Monthly Price
$925

1 Bedroom Rentals

Available Now

379 Walnut Ave SW

RoanokeVA24016
property at 1802 Patterson Ave SW

$850 - $950

Total Monthly Price

Total Monthly Price

Base Rent
$950

Total Monthly Price
$950

1 Bedroom Rentals

Available Now

1802 Patterson Ave SW

RoanokeVA24016

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.

property at 602 Day Ave SW

$1,075

Total Monthly Price

Total Monthly Price

Base Rent
$1,075

Total Monthly Price
$1,075

2 Bedroom, 1 Bath Home for Rent

Available Now

602 Day Ave SW

RoanokeVA24016
property at 934 Floyd Ave SW

$1,095

Total Monthly Price

Total Monthly Price

Base Rent
$1,095

Total Monthly Price
$1,095

2 Bedroom, 1 Bath Home for Rent

Available Now

934 Floyd Ave SW

RoanokeVA24015
property at 1415 Chapman Ave SW

$1,100

Total Monthly Price

Total Monthly Price

Base Rent
$1,100

Total Monthly Price
$1,100

3 Bedroom, 1 Bath Home for Rent

Available Now

1415 Chapman Ave SW

RoanokeVA24016
property at 715 Marshall Ave SW

$1,100

Total Monthly Price

Total Monthly Price

Base Rent
$1,100

Total Monthly Price
$1,100

2 Bedroom, 1 Bath Home for Rent

Available Now

715 Marshall Ave SW

RoanokeVA24016
property at 440 Mountain Ave SW

$1,110

Total Monthly Price6 Month Lease Term

Total Monthly Price

Base Rent
$1,110

Total Monthly Price
$1,110

2 Bedroom, 1 Bath Home for Rent

Available Aug 1

440 Mountain Ave SW

RoanokeVA24016
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Pebble Creek
Rent Specials
$1,191 - $3,874
Total Monthly Price

Total Monthly Price

Base Rent
$1,186 - $3,869
Required Monthly Fees
$5

Total Monthly Price
$1,191 - $3,874
1 to 3 Bedroom Apartments Available Now

Pebble Creek

3345 Circle Brook Dr SWRoanoke, VA 24018
Corporate Housing
  • Verified
  • Customer Reviewed
  • 3D Tour
property at 2016 Brandon Ave SW

$1,195

Total Monthly Price

Total Monthly Price

Base Rent
$1,195

Total Monthly Price
$1,195

2 Bedroom, 1 Bath Home for Rent

Available Sep 1

2016 Brandon Ave SW

RoanokeVA24015

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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Honeywood Apartments
$1,197 - $2,573
Total Monthly Price

Total Monthly Price

Base Rent
$1,192 - $2,568
Required Monthly Fees
$5

Total Monthly Price
$1,197 - $2,573
1 to 2 Bedroom Apartments Available Now

Honeywood Apartments

3101 Honeywood LnRoanoke, VA 24018
Corporate Housing
  • Verified
  • Customer Reviewed
  • 3D Tour
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Edgehill Estates
Studio to 2 Bedroom Apartments

Edgehill Estates

739 Townside Rd SWRoanoke, VA 24014
  • Utilities Included
property at 110 Campbell Ave SE

$595 - $1,600

Total Monthly Price

Total Monthly Price

Base Rent
$595

Total Monthly Price
$595

Studio To 2 Bedroom Rentals

Available Now

110 Campbell Ave SE

RoanokeVA24011
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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
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StoneBrook Apartments
1 to 3 Bedroom Apartments

StoneBrook Apartments

3301 Circle Brook DrRoanoke, VA 24018
  • Utilities Included

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.

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The River House
Studio to 2 Bedroom Apartments

The River House

806 Wasena Ave SWRoanoke, VA 24015
Corporate Housing
property at 202 Elm Ave

$775

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$775

Total Monthly Price
$775

1 Bedroom, 1 Bath Home for Rent

Available Now

202 Elm Ave

RoanokeVA24016
property at 1624 Chapman Ave SW

$799

Total Monthly Price

Total Monthly Price

Base Rent
$799

Total Monthly Price
$799

1 Bedroom, 1 Bath Home for Rent

Available Now

1624 Chapman Ave SW

RoanokeVA24016
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2001 Lynn Ave
1 to 2 Bedroom Apartments

2001 Lynn Ave

2001 Lynn Ave SWRoanoke, VA 24014
  • Utilities Included
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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

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.

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The Ridge
1 to 3 Bedroom Apartments

The Ridge

2920 Brandon Ave SWRoanoke, VA 24015
  • Utilities Included
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Brandon West
2 Bedroom Apartments

Brandon West

2754 Brandon Ave SWRoanoke, VA 24015
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The Hancock Building
1 to 2 Bedroom Apartments

The Hancock Building

35 Campbell Ave SWRoanoke, VA 24011
  • Utilities Included
property at 420 Albemarle Ave SW

$950

Total Monthly Price

Total Monthly Price

Base Rent
$950

Total Monthly Price
$950

2 Bedroom, 1 Bath Home for Rent

Available Now

420 Albemarle Ave SW

RoanokeVA24016
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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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The Jefferson
1 to 2 Bedroom Apartments

The Jefferson

2201 Jefferson St SWRoanoke, VA 24014

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

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 ListingModel NameBed/BathPriced From
1624 SW Chapman Ave1 Beds, 1 Baths1BR,1BA$799
1222-1224 Maple Ave SW1 Bed 1 Bath1BR,1BA$895
Brandon West2 Beds, 1 Baths2BR,1BA$915
Gardens At Grandin - II1BR/1.0BA1BR,1BA$995
Bridgeway Gardens2 Beds, 1.5 Baths2BR,1BA$1,035
The Aurora - Residential1BR/1.0BA1BR,1BA$1,125
701 3rd Street1x11BR,1BA$1,149
Pebble CreekHeron1BR,1BA$1,191
Honeywood Apartments1 Bedroom1BR,1BA$1,197
Gramercy Row Apartment Residences1 Bedroom 1 Bath 1241BR,1BA$1,225

Best Value Apartments for Rent in Colonial Avenue Area, VA

As of July 22, 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 2 BEDROOM Model at Bent Tree starting at $1,325 with a $1.20 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.
Bridgeway Gardens2 Beds, 1.5 Baths2BR,1.5BA$0.94
Bent Tree2 BEDROOM2BR,1BA$1.20
1801 Grandin Road Southwest1801 Grandin Road Southwest - 2016...2BR,1.5BA$1.18
Windy Hill Key2 Bedroom, 2 Bath2BR,2BA$1.31
917 Campbell Ave SW, Unit A917 Campbell Ave SW2BR,1BA$1.35
Gardens At Grandin - II1BR/1.0BA1BR,1BA$1.24
The Aurora - Residential1BR/1.0BA1BR,1BA$1.44
Honeywood Apartments1 Bedroom1BR,1BA$1.60
Brandon West2 Beds, 1 Baths2BR,1BA$1.28
1624 SW Chapman Ave1 Beds, 1 Baths1BR,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.

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Real 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.

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Quick 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.

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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

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 $915 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 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

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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.

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Renters Insurance 101: What It Is, What It Covers, and Why You Need It

Written by: Robin Stewart

Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

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Apartment Occupancy Rates: Renter Attraction vs Renter Retention

Written by: Robin Stewart

There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

decorative image for How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide article

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Written by: Robin Stewart

Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.