Last updated on August 2, 2026

Average rent in
Colonial Place, Richmond, VA

Median rent

Median rent in Colonial Place

$1,703/mo

decreased by10%

vs previous year

The average rent in Colonial Place is $1,703 per month as of August 2026. This is 12% below the national average rent, or $237 less per month.

$2.53

average price per square foot

Total rentals

Available rentals in Colonial Place

16

for rent on Zumper.com as of August 2026

Rent price distribution

Share of Colonial Place rentals at each price point

35%26%18%9%0%
$0 - $750
$751 - $1,500
$1,501 - $2,250
$2,251 - $3,000
$3,001+

Rent trends in Colonial Place, Richmond, VA

Average rent prices in Colonial Place have decreased by 3% over the last month and have decreased by 10% since last year.

Rent trends

Rent prices on this page are calculated on a rolling 30-day basis and updated daily.

Compare rent prices in Colonial Place, Richmond, VA

Rent prices in Colonial Place vary by bedroom size, rental type, and neighborhood. The average rent for an apartment in Colonial Place is $1,858, whereas a house costs $2,650. 1-bedroom apartments in Colonial Place run $1,395 on average, while 2-bedroom apartments are $1,745.

Listings

Studio

$1,715

-

-

1 bedroom

$1,747

9%

32%

2 bedroom

$1,890

No Change

6%

3 bedroom

$2,567

5%

24%

4 bedroom

$2,000

No Change

-

Studio

Average rent

$1,715

1 bedroom

Average rent

$1,747

Last 30 days

9%

Last year

32%

2 bedroom

Average rent

$1,890

Last year

6%

3 bedroom

Average rent

$2,567

Last 30 days

5%

Last year

24%

4 bedroom

Average rent

$2,000

The table above reflects average rent prices in Colonial Place, Richmond, VA, broken down by the number of bedrooms, neighborhoods, and property types. The availability of data for each category is dependent on market inventory and will adjust depending on your selected filters.

How does rent in Colonial Place, Richmond, VA compare to other neighborhoods?

Compare median rent prices in Colonial Place and Bellevue by all bedroom counts and property types.

Colonial Place

Median rent price$1,703
decreased by12%

lower than the national median

Median rent price$1,938

Equal to the the national median

Takeaway

The median rent for all rentals in Colonial Place, Richmond, VA is 12% lower than the median rent in Bellevue, Richmond, VA.

Discover rentals in Colonial Place, Richmond, VA

4518 Grove Ave - Photo 1 of 1

1d ago

8.8

Very good

4518 Grove Ave

4518 Grove Ave, Richmond, VA 23221

2 beds

1 bath

$1,695

Apartment for rent

4809 Leonard Pkwy - Photo 1 of 1

5d+ ago

Colonial Place house for rent in Richmond

4 beds

2 baths

$3,500

House for rent

Available Aug 10

Stay up to date with rental market insights

Are you interested in licensing our current and historical rental real estate data, or do you have custom data requests? Contact datalicensing@zumper.com.

Frequently asked questions for Colonial Place, Richmond, VA

Quick answers to common questions about the Colonial Place rental market.

How much is rent in Colonial Place?

The average rent in Colonial Place is $1,703 per month as of August 1, 2026.

Is rent up or down in Colonial Place?

Average rent prices in Colonial Place have decreased by 3% over the last month and have decreased by 10% since last year.

How does Colonial Place rent compare to the national average?

Rent in Colonial Place is 12% below the national average, which means renters are paying approximately $237 less per month.

What salary do I need to afford rent in Colonial Place?

To comfortably afford rent in Colonial Place, you'd need to earn approximately $68,000/year, based on spending no more than 30% of your income on rent.

Methodology

Rent prices are based on Zumper's rental listings from the past 30 days. Median rent is calculated across all available listings and property types on the platform. If you filter the page by bedroom count or property type, the pricing throughout the page will update automatically to reflect that segment of the rental market.

Household and population data come from the U.S. Census Bureau. Cost-of-living data is sourced from the Council for Community and Economic Research's Cost of Living Index (COLI).

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