Cheap Homes for Rent in Colonial Avenue Area Roanoke, VA from $500 (9 Rentals)

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

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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 $899. 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$899
3rd,SW,14011BR/1.0BA1BR,1BA$950
Gardens At Grandin - II1BR/1.0BA1BR,1BA$995

Best Value Apartments for Rent in Colonial Avenue Area, VA

As of November 12, 2025 the best value apartment in the Colonial Avenue Area area is the $0.95 price per square foot House Model at 3120 Stoneridge Rd SW in the in the Southern Hills neighborhood starting from $2,475. 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.
3120 Stoneridge Rd SWHouse4BR,3BA$0.95
Windy Hill Key3 Bedroom, 2 Bath3BR,2BA$1.30
Bent Tree3 BEDROOM3BR,1BA$1.49
1801 Grandin Road Southwest1801 Grandin Road Southwest - 18012BR,1.5BA$1.14
Pebble CreekCrane3BR,2BA$1.55
Langdon Square2x22BR,2BA$1.55
Gardens At Grandin - II1BR/1.0BA1BR,1BA$1.11
Honeywood Apartments1 Bedroom1BR,1BA$1.48
Stone Ridge Apartments- Convenient Location1BR/1.0BA1BR,1BA$1.43
3rd,SW,14011BR/1.0BA1BR,1BA$1.57

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Pet Friendly Lifestyle
Colonial Avenue Area, Roanoke, VA

Ranked #14

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

Pet Friendliness Lifestyle Score

3.0
Pet Friendly

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Best Local Schools in
Colonial Avenue Area, Roanoke, VA

School data provided by Great Schools

Frequently Asked Questions about Colonial Avenue Area

What type of rentals are currently available in Colonial Avenue Area?

There are currently 190 Apartments for Rent in Colonial Avenue Area, VA with pricing that ranges from $850 to $3,999. There are also 34 Single Family Homes for rent, Condos, and Townhome rentals currently available in Colonial Avenue Area ranging from $595 to $2,600.

What is the current price range for Rental Homes in Colonial Avenue Area?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Colonial Avenue Area ranges from $595 to $2,600 with an average monthly rent of $1,578.

How much are larger Three and Four Bedroom Rentals in Colonial Avenue Area?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Colonial Avenue Area range from $1,200 to $3,999, while Three Bedroom Homes, Condos, and Townhomes for rent range from $900 to $2,600. Four Bedroom Single-Family rentals are also available starting from $2,475 and Four Bedroom Apartments start at $2,475.

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.

decorative image for Apartment Common Area Rules: What Renters Need to Know article

Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

decorative image for How to Negotiate Your Apartment Lease and Save Money article

How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

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.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

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.