Cheap Homes for Rent in Colonial Avenue Area Roanoke, VA from $500 (7 Rentals)

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

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.

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 3rd,SW,1401 priced from $950. Pebble Creek has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,068. Here are the most affordable Colonial Avenue Area apartments for rent in Roanoke, VA:

Apartment ListingModel NameBed/BathPriced From
3rd,SW,14011BR/1.0BA1BR,1BA$950
Pebble CreekHeron1BR,1BA$1,068
Gardens At Grandin - II1BR/1.0BA1BR,1BA$1,075

Best Value Apartments for Rent in Colonial Avenue Area, VA

As of September 20, 2025 the best value apartment in the Colonial Avenue Area area is the $1.47 price per square foot 3 BEDROOM Model at Bent Tree in the in the Southern Hills neighborhood starting from $1,765. The second greatest value Colonial Avenue Area apartment is the 812 Marshall Ave SW Model at 812 Marshall Ave SW, Unit Apartment B starting at $1,300 with a $1.08 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Bent Tree3 BEDROOM3BR,1BA$1.47
812 Marshall Ave SW, Unit Apartment B812 Marshall Ave SW2BR,1BA$1.08
1801 Grandin Road Southwest1801 Grandin Road Southwest - 18012BR,1.5BA$1.27
Sunscape ApartmentsThe Grand 2 BR 2 BA2BR,2BA$1.56
Windy Hill Key2 Bedroom, 2 Bath2BR,2BA$1.31
Westmont Apartments2BR2BR,2BA$1.40
Gardens At Grandin - II1BR/1.0BA1BR,1BA$1.19
Langdon Square2x22BR,2BA$1.55
Honeywood Apartments1 Bedroom1BR,1BA$1.46
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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Frequently Asked Questions about Colonial Avenue Area

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

There are currently 192 Apartments for Rent in Colonial Avenue Area, VA with pricing that ranges from $895 to $2,971. There are also 37 Single Family Homes for rent, Condos, and Townhome rentals currently available in Colonial Avenue Area ranging from $595 to $2,890.

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 $2,890 with an average monthly rent of $1,500.

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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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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.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.