Cheap Apartments for Rent in Colorado Springs, CO from $500 (441 Rentals)

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

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 3960 Galley Rd

$787

Total Monthly Price

Total Monthly Price

Base Rent
$787

Total Monthly Price
$787

1 Bedroom, 1 Bath Home for Rent

Available Now

3960 Galley Rd

Colorado SpringsCO80909
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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
  • Verified
  • Utilities Included
  • Low Income

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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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
  • Verified
  • Customer Reviewed
  • Utilities Included
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Fountain Oaks Apartments
$812 - $1,090
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$772 - $1,050
Required Monthly Fees
$40

Total Monthly Price
$812 - $1,090
Studio to 2 Bedroom Apartments Contact Us For Availability

Fountain Oaks Apartments

2610-2614 E Fountain BlvdColorado Springs, CO 80910
Affordability
  • Verified
  • Low Income
  • 3D Tour

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.

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Autumn Lane Apartments
Rent Specials
$830 - $1,385
Total Monthly Price

Total Monthly Price

Base Rent
$820 - $1,375
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
  • Verified
  • 3D Tour
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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 Contact Us For Availability

Newport Square

3780 Rebecca LnColorado Springs, CO 80917
Affordability
  • Verified
  • Customer Reviewed
  • 3D Tour
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Wind River Place
$849 - $1,024
Total Monthly Price

Total Monthly Price

Base Rent
$849 - $1,024

Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

Wind River Place

919 N 19th StColorado Springs, CO 80904
Affordability
  • Verified
  • Customer Reviewed
  • 3D Tour
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Oakridge on the Green
Rent Specials
$852 - $1,716
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$841 - $1,705
Required Monthly Fees
$11

Total Monthly Price
$852 - $1,716
1 to 2 Bedroom Apartments Available Now

Oakridge on the Green

801-809 S Circle DrColorado Springs, CO 80910
Pet Friendly
  • Verified
  • Customer Reviewed
  • Utilities Included
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

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

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Aspire Palmer Park
Rent Specials
$883 - $1,427
Total Monthly Price

Total Monthly Price

Base Rent
$860 - $1,404
Required Monthly Fees
Varies

Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

Aspire Palmer Park

1304 E San Miguel StColorado Springs, CO 80909
Corporate Housing
  • Verified
  • Customer Reviewed
  • 3D Tour
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Peak 1465
Rent Specials
$895 - $1,100
Plus Fees12 Month Lease Term
Studio to 2 Bedroom Apartments Available Now

Peak 1465

1465 Alvarado DrColorado Springs, CO 80910
Affordability
  • Verified
  • Customer Reviewed
  • Utilities Included

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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: 04/14/2026

Current apartment rentals in the Colorado Springs, CO area range in price from $525 to $6,201 with an overall median price of $2,386. The three Colorado Springs neighborhoods with the lowest median rent pricing are Spring Creek at $750, Cragmoor at $649, and Venetian Village at $649. 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
Spring Creek$1,075$75035
Cragmoor$1,214$64941
Venetian Village$1,214$64954
Ivywild$1,282$91513
Shooks Run$1,322$9005
U Colorado at Colorado Springs$1,417$525177
Palmer Park$1,499$649249
Oak Hills$1,565$52558
Divine Redeemer$1,575$75343
Garden Ranch$1,580$83074

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 $649. 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$649
Pinewood Apartments520 - 1 Bedroom 1 Bath1BR,1BA$695
Greentree Village2x1C2BR,1BA$703
Incline ApartmentsStudioStudio,1BA$725
Southgate Commons1 Bedroom - No Balcony1BR,1BA$729
The MontelenaStudioStudio,1BA$749
Summit Creek ApartmentsStudio ApartmentStudio,1BA$750
Gardens at Hidden Creek ApartmentsStudio 1Studio,1BA$750
Kalo Village SevenKaloSolo1BR,1BA$750

Best Value Apartments for Rent in Colorado Springs, CO

As of April 14, 2026 the best value apartment in the Colorado Springs area is the $1.13 price per square foot 3 Bedroom 1 Bath Model at Aspen Townhomes in the in the Eastborough neighborhood starting from $1,550. The second greatest value Colorado Springs apartment is the Two Bedroom Model at 11 West | Student Housing starting at $769 with a $0.75 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.
Aspen Townhomes3 Bedroom 1 Bath3BR,1BA$1.13
11 West | Student HousingTwo Bedroom2BR,2BA$0.75
Regal Estates1 Bed 1 Bath1BR,1BA$0.96
Shadow Wood ChaletB12BR,1BA$1.00
Union Blvd Apartments2 Beds, 1 Baths2BR,1BA$1.03
Rosewood Apartments2 Beds, 1 Baths2BR,1BA$0.94
Greentree Village2x1B2BR,1BA$1.11
Stone Canyon2BD, 1BTH2BR,1BA$1.18
Riverbend Apartments2x1 LVT2BR,1BA$0.99
Sienna Place1X11BR,1BA$1.10

10 Hidden Costs of Renting You Should Budget for Before Signing a Lease

Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.

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

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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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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!

Explore Colorado Springs, CO Rentals by Map

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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 $750.

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 $2,386.

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 2,831 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 $520 which is $1,866 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

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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.

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What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.