Rental prices in Colonial Heights, Chesterfield County, VA have increased by 4.44% over the past year. The average rent moved from $1,275 to $1,332.
Compared to the national average rent of $1,741, the average rent in Colonial Heights, Chesterfield County, VA is $1,332.
The average monthly rent of apartments in Colonial Heights, Chesterfield County, VA is $1,332.
Around 5% of Colonial Heights’s apartments are in the $1,501-$2,000 price range. 95% of apartments are priced between $1,001-$1,500.
The largest share of rentals in Colonial Heights, Chesterfield County, VA (95%) fall between $1,001-$1,500 per month. This suggests that most people succesfully find suitable apartments within this price.
The average rent in Colonial Heights, Chesterfield County, VA is $1,254.
In Colonial Heights 32% of the housing is rented out compared to 68% of homes are owned, according to the most recent Census Bureau estimates. 4% of Colonial Heights's apartments are found in large buildings of 50 units or more, 50% are located in smaller apartment complexes with less than 50 units, and 44% are single-family rentals.
The age and size of multifamily buildings are among the most visible characteristics of the rental market in a city. In this case, the apartment buildings in Colonial Heights are about 39 years old, on average. Of these, 16% have been built since 2000, representing the newer options on the market and typically offering more amenities. Rental buildings in the city have an average height of 2 stories. About all of the rental communities here are low-rise, garden-style communities, none are mid-rises, and none are high-rise buildings. These are true especially for large-scale multifamily buildings with over 50 apartments.
Rental apartments in Colonial Heights come in a range of sizes and floorplans. Studio apartments represent 0% of units for rent, ideal for singles, renters on a budget and people who value central locations more than space. Rentals with 1-bedroom floorplans make up 12% of the total apartments in the city, while 2-bedroom floorplans represent around 72% of all rentals in Colonial Heights. The rest are larger floorplans with 3 bedrooms or more, typically preferred by families, larger households or roommates sharing space.
Colonial Heights is a small town on the Appomattox River, 23 miles south of Richmond. The Colonial Heights area has a very rich history: English explorers first reached the area in the 17th century, and there are many historic sites in Colonial Heights and in neighboring Petersburg. In fact, historic sites in the area span hundreds of years and range from Native American archaeological sites to Civil War-era forts. Today, the area is a popular commercial center. Local renters enjoy the large local mall, as well as a great selection of restaurants, including the world’s largest Arby’s location. Virginia State University (VSU) is also located just outside of Colonial Heights. As a result, many students rent in the Colonial Heights area. It’s also a popular place for families to rent. Finally, Fort Lee is located nearby, which attracts many military renters to Colonial Heights.
Colonial Heights has a traditional, suburban feel with many single-family homes for rent, as well as some low-rise apartment buildings. There are also many loft-style apartment buildings in the area, some of which are located in converted warehouses and other older buildings. Some neighborhoods in Colonial Heights are walkable, while others are more rural. As the name might imply, many homes and apartments in the area feature colonial architecture styles. There are also many older historic homes in the area, most of which have compact, one-story layouts. When compared to many other towns in Virginia, including nearby Richmond, Colonial Heights offers much more affordable rental prices. This has made it a popular choice for commuters who work in Richmond, but want to save money on rent. When moving into an apartment in Colonial Heights, renters should expect to pay a security deposit and complete a credit check.
Colonial Heights has become a shopping destination for renters throughout the Richmond metropolitan area due to the Southpark Mall. This mall has an excellent selection of popular clothing, jewelry and shoe stores. Renters will also find department stores and a movie theater at this mall. There are also many big-box stores concentrated around the mall, including Target, Walmart, Best Buy and Sam’s Club. Of course, grocery stores are also conveniently located throughout Colonial Heights, so renters never have to travel far to pick up their essentials. Some of the grocery stores in Colonial Heights include Publix, Aldi and Food Lion.
Colonial Heights renters have plenty of local transportation options. Most renters in the area opt to drive, as it’s the fastest and most efficient way to get around. To that end, I-95 and U.S. Route 1 both run directly through Colonial Heights, making it very easy to commute to nearby towns. Accordingly, local apartments and shops offer plenty of free parking. The Petersburg Amtrak station is also located right outside of Colonial Heights. Amtrak trains provide service to Richmond; Washington, D.C.; and many other cities throughout the East Coast. Petersburg also has its own local bus system, which provides service to popular destinations like VSU and the Southpark Mall. However, these buses have very limited hours and are not a reliable option for most local renters.
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