
Cheap Apartments for Rent in the Colonial Avenue Area Roanoke, VA from $500 (21 Rentals)
Search the lowest-cost Apartments available for rent right now in the Colonial Avenue Area area of Roanoke.


2363 Mountain View Terrace SW

Total Monthly Price
1222-1224 Maple Ave SW

Edgehill Estates

Abbingdon of Old Southwest

El Ray Apartments

Heritage Hall
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.

Summertree

Mountain View Terrace Apartments

StoneBrook Apartments

The River House

Hounds Chase Apartments

Terrace North Apartments

1801 Grandin Road Southwest
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
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2001 Lynn Ave

Summit at Roanoke

The Patrick Henry

Cotton Mill Lofts

Grandin Court Apartments

Copper Croft Apartments

The Ridge
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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.
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 | $1,320 | $815 | $1,655 |
| Colonial Avenue Area 2 Bedroom Apartments | $1,482 | $995 | $2,620 |
| Colonial Avenue Area 3 Bedroom Apartments | $1,859 | $1,423 | $2,483 |
| Colonial Avenue Area 4 Bedroom Apartments | $1,525 | $1,525 | $1,525 |
Browse Apartments in this Neighborhood
There are currently 21 rentals with your search options within a 2 mile radius of the Colonial Avenue Area Neighborhood of Roanoke, VA.
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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. Pebble Creek has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,111. 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 |
| Pebble Creek | Heron | 1BR,1BA | $1,111 |
| Gardens At Grandin - II | 2BR/1.0BA | 2BR,1BA | $1,125 |
| Honeywood Apartments | 1 Bedroom | 1BR,1BA | $1,185 |
| 1801 Grandin Road Southwest | 1801 Grandin Road Southwest - 2008... | 2BR,1BA | $1,249 |
Best Value Apartments for Rent in Colonial Avenue Area, VA
As of February 26, 2026 the best value apartment in the Colonial Avenue Area area is the $1.09 price per square foot 1609 Chapman Ave SW Model at 1609 Chapman Ave SW, Unit B in the in the Gilmer neighborhood starting from $1,525. The second greatest value Colonial Avenue Area apartment is the 3 BEDROOM Model at Bent Tree starting at $1,900 with a $1.58 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. |
|---|---|---|---|
| 1609 Chapman Ave SW, Unit B | 1609 Chapman Ave SW | 4BR,1BA | $1.09 |
| Bent Tree | 3 BEDROOM | 3BR,1BA | $1.58 |
| 857 Marshall Ave SW, Unit #A | 857 Marshall Ave SW | 2BR,1BA | $1.15 |
| 1801 Grandin Road Southwest | 1801 Grandin Road Southwest - 1809... | 2BR,1.5BA | $1.14 |
| Gardens At Grandin - II | 2BR/2.0BA | 2BR,2BA | $1.07 |
| Westmont Apartments | 2BR | 2BR,2BA | $1.40 |
| Windy Hill Key | 1 Bedroom, 1 Bath with Den & Storage | 1BR,1BA | $1.36 |
| Langdon Square | 2x2 | 2BR,2BA | $1.55 |
| Pebble Creek | Egret | 1BR,1BA | $1.61 |
| Honeywood Apartments | 1 Bedroom | 1BR,1BA | $1.58 |
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 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
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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 price of a cheap apartment in Colonial Avenue Area?
The cheapest apartment in Colonial Avenue Area is 1222-1224 Maple Ave SW which is listed at $895, while the average apartment in Colonial Avenue Area costs $1,895.
What types of apartments are the cheapest in Colonial Avenue Area?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 1 regular apartments in Colonial Avenue Area that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Colonial Avenue Area?
Cheap apartments in Colonial Avenue Area have an average cost of $138 which is $1,757 cheaper than the average rent for all rentals in Colonial Avenue Area.
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

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.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.