202 Elm Ave
RoanokeVA24016
Cheap Homes for Rent in Colonial Avenue Area Roanoke, VA from $700 (6 Rentals)
Search the lowest-cost Homes available for rent right now in the Colonial Avenue Area area of Roanoke.
1306 Patterson Ave SW
RoanokeVA24016
821 Salem Ave SW
RoanokeVA24016
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.
110 Campbell Ave SE
RoanokeVA24011
3528 Timberline Trail
Cave SpringVA24018
2504 Longview Ave SW
RoanokeVA24014
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.
Showing Results 1-6, Page 1 of 1
Colonial Avenue Area, Roanoke, VA Local Guide
How much does it cost to rent a home in Colonial Avenue Area?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Colonial Avenue Area 2 Bedroom Homes for Rent | $1,690 | $1,200 | $2,550 |
| Colonial Avenue Area 3 Bedroom Homes for Rent | $1,915 | $1,195 | $2,985 |
| Colonial Avenue Area 4 Bedroom Homes for Rent | $2,728 | $1,795 | $3,195 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Homes for Rent in this Neighborhood
There are currently 6 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. The Aurora - Residential has the second lowest priced unit, which is a Studio apartment currently listed from $935. 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 |
| The Aurora - Residential | 0BR/1.0BA | Studio,1BA | $935 |
| Stone Ridge Apartments- Convenient Location | 1BR/1.0BA | 1BR,1BA | $945 |
Best Value Apartments for Rent in Colonial Avenue Area, VA
As of April 17, 2026 the best value apartment in the Colonial Avenue Area area is the $1.14 price per square foot 1841 Oxford Ave SW Model at 1841 Oxford Ave SW, Unit 2 Bd 1 Ba Eco Apartment in the in the Gilmer neighborhood starting from $1,825. 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 1841 Oxford Ave SW, Unit 2 Bd 1 Ba Eco Apartment | 1841 Oxford Ave SW | 2BR,1BA | $1.14 |
| Windy Hill Key | 3 Bedroom, 2 Bath | 3BR,2BA | $1.30 |
| Bent Tree | 3 BEDROOM | 3BR,1BA | $1.57 |
| Gardens At Grandin - II | 2BR/1.0BA | 2BR,1BA | $1.07 |
| Westmont Apartments | 2BR | 2BR,2BA | $1.30 |
| Langdon Square | 2x2 | 2BR,2BA | $1.55 |
| Pebble Creek | Egret | 1BR,1BA | $1.55 |
| Honeywood Apartments | 1 Bedroom | 1BR,1BA | $1.58 |
| 426 Walnut Ave SE, Unit Unit D | 426 Walnut Ave SE | 2BR,1BA | $1.40 |
| Stone Ridge Apartments- Convenient Location | 1BR/1.0BA | 1BR,1BA | $1.51 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
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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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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.
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Best Local Schools in Colonial Avenue Area, Roanoke, VA
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Frequently Asked Questions about Colonial Avenue Area
What type of rentals are currently available in Colonial Avenue Area?
There are currently 195 Apartments for Rent in Colonial Avenue Area, VA with pricing that ranges from $895 to $2,942. There are also 27 Single Family Homes for rent, Condos, and Townhome rentals currently available in Colonial Avenue Area ranging from $749 to $3,195.
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 $749 to $3,195 with an average monthly rent of $1,646.
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 $950 to $2,699, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,195 to $2,985. Four Bedroom Single-Family rentals are also available starting from $1,795 and Four Bedroom Apartments start at $1,525.
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
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.
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.