
Cheap Apartments for Rent in Colorado Springs, CO from $499 (465 Rentals)
Search the lowest-cost Apartments available for rent right now in Colorado Springs.


6435 Chantilly Pl, Unit Chantilly

Bentley Commons

11 West | Student Housing

Pinewood Apartments

3419 W Colorado Ave, Unit 101C

Total Monthly Price
Park at Penrose Apartments

Newport Square

2119 W Colorado Ave

Total Monthly Price
Incline Apartments
Colorado Springs's Best Affordable Neighborhoods
Learn about Colorado Springs and the best places to live with original content written by our Local Expert Darla Ferrara

Peak 1465

Total Monthly Price
Garrison Edge

Total Monthly Price
Gardens at Hidden Creek Apartments

Tamarac

Alta Apartments

Concord Apartments

BG - SUMMIT VIEW APARTMENTS

225 E Brookside St

Total Monthly Price
The Montelena

Garden Pines
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

Total Monthly Price
Orchid Flats

Total Monthly Price
Fir Tree

Total Monthly Price
803 E Kiowa St, Unit 4

1318 E Willamette Ave

942 E Las Animas St

Regal Estates

The Haven at Academy

1931 Henderson Ave, Unit 2

Total Monthly Price
821 N Weber St, Unit #2

Total Monthly Price
Emory
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

Total Monthly Price
Sedona Ridge Apartments

Total Monthly Price
Airlan Arms

335 Ruskin Dr

Total Monthly Price
Lincoln Springs Apartments

Total Monthly Price
Wind River Place

Rosewood Apartments

The Lofts at Rock Vue

Total Monthly Price
Oakridge on the Green

Total Monthly Price
Sienna Place

Total Monthly Price
Vista Peak
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

Total Monthly Price
Aspire Fillmore

Total Monthly Price
8659 Chancellor Dr

Total Monthly Price
Peak View

Total Monthly Price
Ascent Apartments

Total Monthly Price
Lookout at Broadmoor

Total Monthly Price
Chestnut Hills

Total Monthly Price
Chestnut Springs

Peak 4420 on E Pikes Peak

2127 Preuss Rd

520 Alexander Rd
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.
Colorado Springs, CO Local Guide

How much does it cost to rent an apartment in Colorado Springs?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Colorado Springs Studio Apartments | $1,269 | $700 | $2,800 |
| Cheap Colorado Springs 1 Bedroom Apartments | $1,489 | $575 | $3,798 |
| Cheap Colorado Springs 2 Bedroom Apartments | $1,777 | $588 | $6,758 |
| Cheap Colorado Springs 3 Bedroom Apartments | $2,238 | $525 | $8,009 |
| Cheap Colorado Springs 4 Bedroom Apartments | $2,836 | $499 | $3,455 |
| Colorado Springs 5 Bedroom Apartments | $2,799 | $2,196 | $3,200 |
| Colorado Springs 6 Bedroom Apartments | $2,943 | $2,846 | $3,041 |
Browse Top Apartments in Colorado Springs
See all Apartments in Colorado SpringsExplore Colorado Springs

Colorado Springs, CO Local Guide

- Colorado Springs Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Neighborhoods for Apartments in Colorado Springs, CO
Pricing Updated: 08/29/2026Current apartment rentals in the Colorado Springs, CO area range in price from $550 to $6,995 with an overall median price of $2,145. The three Colorado Springs neighborhoods with the lowest median rent pricing are Spring Creek at $1,150, Shooks Run at $1,250, and Memorial Park at $1,355. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Colorado Springs Apartments for rent:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Spring Creek | $1,150 | $1,150 | 1 |
| Shooks Run | $1,250 | $595 | 6 |
| Memorial Park | $1,355 | $550 | 3 |
| Cimarron Hills | $1,403 | $595 | 27 |
| Divine Redeemer | $1,675 | $550 | 21 |
| Venetian Village | $1,700 | $640 | 24 |
| Downtown | $1,737 | $550 | 35 |
| Downtown Colorado Springs | $1,737 | $550 | 35 |
| North End | $1,750 | $900 | 23 |
| North End Colorado Springs | $1,750 | $900 | 31 |
Cheapest Available Colorado Springs Apartments for Rent
 The cheapest available apartment rental in Colorado Springs, CO is a 2 Beds unit found at Bentley Commons in the Deerfield Hills neighborhood priced from $588. 409 N. Cascade Avenue in the Downtown neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $650. Here is today’s list of the most affordable Colorado Springs apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Bentley Commons | One Bedroom | 2BR,1BA | $588 |
| 409 N. Cascade Avenue | 0BR/1.0BA | Studio,1BA | $650 |
| Pinewood Apartments | 520 - 1 Bedroom 1 Bath | 1BR,1BA | $695 |
| Swope Ave Apartments | 0BR/1.0BA | Studio,1BA | $699 |
| Kalo Four Seasons | KaloSolo | 1BR,1BA | $725 |
| Park at Penrose Apartments | 1X1 (50 AMI) | 1BR,1BA | $731 |
| Newport Square | A2 | 1BR,1BA | $732 |
| Hyde Park North | Kensington | 1BR,1BA | $750 |
| 325 Bonnie Ct | 1 Beds, 1 Baths | 1BR,1BA | $750 |
| Kalo Lelaray | KaloSolo | 1BR,1BA | $750 |
Best Value Apartments for Rent in Colorado Springs, CO
As of August 29, 2026 the best value apartment in the Colorado Springs area is the $0.95 price per square foot B2 Model at Broadview Ridge in the in the Stratton Meadows neighborhood starting from $2,252. The second greatest value Colorado Springs apartment is the 2645 Oro Blanco Drive Model at 2645 Oro Blanco Drive, Unit 2645 Oro Blanco Dr starting at $2,295 with a $1.16 price per square foot in the Stetson Run neighborhood. Here is today’s list of the best values for Colorado Springs apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Broadview Ridge | B2 | 2BR,2.5BA | $0.95 |
| 2645 Oro Blanco Drive, Unit 2645 Oro Blanco Dr | 2645 Oro Blanco Drive | 4BR,3BA | $1.16 |
| The Creek at Cottonwood | 3/2 | 3BR,2BA | $1.10 |
| Regal Estates | 1 Bed 1 Bath | 1BR,1BA | $0.86 |
| Shooks Run | 2X2 50% H | 2BR,2BA | $1.16 |
| Rosewood Apartments | 2 Beds, 1 Baths | 2BR,1BA | $0.94 |
| Esperanza Village Apartments | 2x1 | 2BR,1BA | $1.14 |
| Greentree Village | 2x1A | 2BR,1BA | $1.15 |
| 2127 Preuss Rd | 2 Beds, 1 Baths | 2BR,1BA | $1.13 |
| 335 Ruskin Dr | 2 Beds, 1 Baths | 2BR,1BA | $1.11 |
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.
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
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.
Colorado Springs Overview
There is a good reason US News, World Report, among others have rated Colorado Springs as one of the best places to live in the US. With an abundance of outdoor activities and booming city life, it is no wonder people want to call this place home. And the apartments in Colorado Springs reflect this great city’s beautiful scenery.
Why live in Colorado Springs, CO?
There are many reasons to want to live in Colorado Springs. First of all, the weather is beautiful and sunny for most of the year. If you enjoy getting outside, this is the place you want to be. You can live fairly close to major ski resorts without the high cost of living associated with them. And the skyline is beautiful with its view of the majestic Rockies. There are also some very practical reasons to love this city including low unemployment and lower than average commute time. In fact, US News recently ranked it as the #5 best place to live based on its quality of life and job market.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Colorado Springs, CO Rentals by Map
See the most popular apartments and homes in Colorado Springs, CO
Frequently Asked Questions about Cheap Colorado Springs Apartments
What is the Cheapest Studio apartment in Colorado Springs?
Currently the most affordable Cheap Studio Apartment in Colorado Springs is at 409 N. Cascade Avenue listed at $650.
How much is rent for a Cheap One Bedroom Colorado Springs Apartment?
The lowest price for a Cheap One Bedroom Colorado Springs Apartment is $695 at Pinewood Apartments.
What is the lowest price for a Cheap Two Bedroom Colorado Springs Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Colorado Springs is starting from $588 at Bentley Commons.
What is the most affordable Colorado Springs Three Bedroom Apartment?
The best deal on a cheap Colorado Springs Three Bedroom Apartment rental is at Aviator Apartments and starts from $1,130.
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

Colorado Springs Student Renting: An Insider's Look at Top Colleges and Student Neighborhoods
Written by: Darla Ferrara
If your perfect college experience involves a blend of breathtaking mountain views and vibrant city living, then Colorado Springs, CO, might be the right choice for you.

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.