Cheap Apartments for Rent in Colorado Springs, CO from $400 (437 Rentals)

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Search the lowest-cost Apartments available for rent right now in Colorado Springs.

property at 2115 Rimwood Dr

$500

Total Monthly Price

Total Monthly Price

Base Rent
$500

Total Monthly Price
$500

5 Bedroom, 3 Bath Home for Rent

Available Aug 1

2115 Rimwood Dr

Colorado SpringsCO80918
property at 1105 Mt View Ln

$500

Total Monthly Price

Total Monthly Price

Base Rent
$500

Total Monthly Price
$500

5 Bedroom, 2 Bath Home for Rent

Available Aug 1

1105 Mt View Ln

Colorado SpringsCO80907
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11 West | Student Housing
Rent Specials
$614 - $784
Total Monthly Price

Total Monthly Price

Base Rent
$599 - $769
Required Monthly Fees
$15

Total Monthly Price
$614 - $784
2 to 3 Bedroom Apartments Available Now

11 West | Student Housing

1192 Westmoreland RdColorado Springs, CO 80907
Student Housing
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Lincoln Springs
$750 - $1,199
Total Monthly Price

Total Monthly Price

Base Rent
$750 - $1,199

Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

Lincoln Springs

1170 S Chelton RdColorado Springs, CO 80910
Military
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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.

property at 6435 Chantilly Pl

$750

Total Monthly Price

Total Monthly Price

Base Rent
$750

Total Monthly Price
$750

1 Bedroom, 1 Bath Home for Rent

Available Now

6435 Chantilly Pl

Colorado SpringsCO80922
property at 4450 E Pikes Peak Ave

$760

Total Monthly Price

Total Monthly Price

Base Rent
$760

Total Monthly Price
$760

Studio, 1 Bath Home for Rent

Available Now

4450 E Pikes Peak Ave

Colorado SpringsCO80916
property at 4470 E Pikes Peak Ave

$760

Total Monthly Price

Total Monthly Price

Base Rent
$760

Total Monthly Price
$760

Studio, 1 Bath Home for Rent

Available Now

4470 E Pikes Peak Ave

Colorado SpringsCO80916
property at 4490 E Pikes Peak Ave

$760

Total Monthly Price

Total Monthly Price

Base Rent
$760

Total Monthly Price
$760

Studio Rentals

Available Now

4490 E Pikes Peak Ave

Colorado SpringsCO80916

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.

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Pine Crest
$799 - $1,549
Total Monthly Price

Total Monthly Price

Base Rent
$799 - $1,549

Total Monthly Price
Varies
Studio to 3 Bedroom Apartments Available Now

Pine Crest

3734 E La Salle StColorado Springs, CO 80909
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Fir Tree
Rent Specials
$799 - $1,150
Total Monthly Price

Total Monthly Price

Base Rent
$799 - $1,150

Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

Fir Tree

3835 Radiant DrColorado Springs, CO 80917
Affordability
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  • Utilities Included
  • Low Income
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Arbor Pointe Apartments
$799 - $959
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$799 - $959

Total Monthly Price
$799 - $959
1 to 2 Bedroom Apartments Available Now

Arbor Pointe Apartments

2475-2503 Hancock ExpyColorado Springs, CO 80910
Affordability
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property at 3960 Galley Rd

$824

Total Monthly Price

Total Monthly Price

Base Rent
$824

Total Monthly Price
$824

1 Bedroom, 1 Bath Home for Rent

Available Now

3960 Galley Rd

Colorado SpringsCO80909

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.

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Autumn Lane Apartments
$830 - $1,335
Total Monthly Price

Total Monthly Price

Base Rent
$820 - $1,325
Required Monthly Fees
Varies

Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

Autumn Lane Apartments

2910-2920 E Bijou StColorado Springs, CO 80909
Affordability
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Oakridge on the Green
Rent Specials
$832 - $1,715
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$821 - $1,704
Required Monthly Fees
$11

Total Monthly Price
$832 - $1,715
1 to 2 Bedroom Apartments Available Now

Oakridge on the Green

801-809 S Circle DrColorado Springs, CO 80910
Pet Friendly
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  • Utilities Included
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Wind River Place
$849 - $1,021
Total Monthly Price

Total Monthly Price

Base Rent
$849 - $1,021

Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

Wind River Place

919 N 19th StColorado Springs, CO 80904
Affordability
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The Montelena
Rent Specials
$849 - $1,400
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$849 - $1,400

Total Monthly Price
$849 - $1,400
Studio to 2 Bedroom Apartments Available Now

The Montelena

2409 E Pikes Peak AveColorado Springs, CO 80909
Affordability
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  • Utilities Included
  • Smoke Free
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Chestnut Springs
Rent Specials
$849 - $1,008
Total Monthly Price

Total Monthly Price

Base Rent
$849 - $1,008

Total Monthly Price
Varies
1 Bedroom Apartments Available Now

Chestnut Springs

4331 N Chestnut StColorado Springs, CO 80907
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Newport Square
$849 - $1,149
Total Monthly Price

Total Monthly Price

Base Rent
$849 - $1,149

Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

Newport Square

3780 Rebecca LnColorado Springs, CO 80917
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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

property at 4410 E Pikes Peak Ave

$855

Total Monthly Price

Total Monthly Price

Base Rent
$855

Total Monthly Price
$855

1 Bedroom, 1 Bath Home for Rent

Available Now

4410 E Pikes Peak Ave

Colorado SpringsCO80916
property at 4480 E Pikes Peak Ave

$855

Total Monthly Price

Total Monthly Price

Base Rent
$855

Total Monthly Price
$855

1 Bedroom, 1 Bath Home for Rent

Available Now

4480 E Pikes Peak Ave

Colorado SpringsCO80916
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8659 Chancellor Dr
$865 - $950
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$865 - $950

Total Monthly Price
$865 - $950
1 Bedroom Apartment Available Now

8659 Chancellor Dr

8659 Chancellor DrColorado Springs, CO 80920
Affordability
  • Smoke Free
property at 214 S Wahsatch Ave

$875

Total Monthly Price

Total Monthly Price

Base Rent
$875

Total Monthly Price
$875

Studio, 1 Bath Home for Rent

Available Now

214 S Wahsatch Ave

Colorado SpringsCO80903
property at 917 2nd St

$875

Total Monthly Price

Total Monthly Price

Base Rent
$875

Total Monthly Price
$875

1 Bedroom, 1 Bath Home for Rent

Available Now

917 2nd St

Colorado SpringsCO80907

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

Colorado Springs, CO Local Guide

Photo of Justin Habersaat - Editing Staff
Written By:
Justin Habersaat
Editing Staff

Cheapest Neighborhoods for Apartments in Colorado Springs, CO

Pricing Updated: 05/29/2026

Current apartment rentals in the Colorado Springs, CO area range in price from $499 to $9,985 with an overall median price of $2,494. The three Colorado Springs neighborhoods with the lowest median rent pricing are Venetian Village at $500, Cragmoor at $500, and Oak Valley Ranch at $1,295. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Colorado Springs Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Venetian Village$1,238$50024
Cragmoor$1,309$50020
Oak Valley Ranch$1,397$1,2952
U Colorado at Colorado Springs$1,420$499133
Pine Cliff$1,491$499106
Colorado Centre$1,550$1,5501
Ivywild$1,565$96517
Garden Ranch$1,580$50065
Northeast Colorado Springs$1,580$94952
Pulpit Rock$1,599$49993

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. 11 West | Student Housing in the Venetian Village neighborhood has the second lowest priced unit, which is a 3 Beds apartment currently listed from $614. Here is today’s list of the most affordable Colorado Springs apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Bentley CommonsOne Bedroom2BR,1BA$588
11 West | Student HousingThree Bedroom3BR,3BA$614
Pinewood Apartments520 - 1 Bedroom 1 Bath1BR,1BA$695
Kalo Four SeasonsKaloSolo1BR,1BA$749
Southgate Commons1 Bedroom - No Balcony (Version 2)1BR,1BA$749
Kalo LelarayKaloSolo1BR,1BA$750
Lincoln SpringsA11BR,1BA$750
Peak 14650/1Studio,1BA$760
Park at Penrose Apartments1X1 (80 AMI)1BR,1BA$771
Gardens at Hidden Creek ApartmentsStudio AStudio,1BA$775

Best Value Apartments for Rent in Colorado Springs, CO

As of May 30, 2026 the best value apartment in the Colorado Springs area is the $0.99 price per square foot 1912 Payton Cir Model at 1912 Payton Cir, Unit Office in the in the Rustic Hills neighborhood starting from $1,200. The second greatest value Colorado Springs apartment is the Three Bedroom Model at 11 West | Student Housing starting at $614 with a $0.51 price per square foot in the Venetian Village neighborhood. Here is today’s list of the best values for Colorado Springs apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
1912 Payton Cir, Unit Office1912 Payton CirStudio ,1BA$0.99
11 West | Student HousingThree Bedroom3BR,3BA$0.51
Shadow Wood ChaletB12BR,1BA$1.00
Regal Estates1 Bed 1 Bath1BR,1BA$0.96
The Park at Whispering Pines2/1.002BR,1BA$1.11
Union Blvd Apartments2 Beds, 1 Baths2BR,1BA$1.03
Rosewood Apartments2 Beds, 1 Baths2BR,1BA$0.94
Lookout on Cragmor | Student HousingB1 | 2 Bedroom2BR,2BA$0.99
Aviator Apartments2BR/1BA - B22BR,1BA$1.02
Hyde Park NorthSt. James2BR,1BA$1.05

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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Real 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.

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Quick 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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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!

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Frequently Asked Questions about Cheap Colorado Springs Apartments

What is a cheap apartment in Colorado Springs?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Colorado Springs is under $775.

What is the price of a cheap apartment in Colorado Springs?

The cheapest apartment in Colorado Springs is Pinewood Apartments which is listed at $695, while the average apartment in Colorado Springs costs $2,494.

What types of apartments are the cheapest in Colorado Springs?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 1,621 regular apartments in Colorado Springs that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Colorado Springs?

Cheap apartments in Colorado Springs have an average cost of $497 which is $1,997 cheaper than the average rent for all rentals in Colorado Springs.

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

decorative image for A Local Experts Guide To 10 Budget-Friendly Neighborhoods to Rent in Colorado Springs, CO article

A Local Experts Guide To 10 Budget-Friendly Neighborhoods to Rent in Colorado Springs, CO

Written by: Darla Ferrara

Just the name Colorado Springs makes me think of home. I’m Darla, your ApartmentHomeLiving.com Local Expert for Colorado Springs, CO.

decorative image for Neighborhood and Market Insights: How to Choose the Right Area to Rent   article

Neighborhood and Market Insights: How to Choose the Right Area to Rent

Written by: Robin Stewart

Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.