
Cheap Apartments for Rent in Colorado Springs, CO from $400 (427 Rentals)
Search the lowest-cost Apartments available for rent right now in Colorado Springs.


2423 E St Vrain St, Unit #3

11 West | Student Housing

Pinewood Apartments

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Park at Penrose Apartments

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Newport Square

2119 W Colorado Ave

6435 Chantilly Pl

4470 E Pikes Peak Ave

4490 E Pikes Peak Ave
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.

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Airlan Arms

The Village at Homewood Point

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Sedona Ridge Apartments

BG - SUMMIT VIEW APARTMENTS

515 Sunset Rd

225 E Brookside St

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Pikes Place on San Miguel

Garden Pines

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Fir Tree

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Orchid Flats
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.

Alta Apartments

The Lofts at Rock Vue

3419 W Colorado Ave, Unit 101C

Regal Estates

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Peak View

The Haven at Academy

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Garrison Edge

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4311 N Chestnut St, Unit 2

3022 W Bijou St, Unit E2

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Incline Apartments
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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Chestnut Springs

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Wind River Place

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The Montelena

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Lincoln Springs

Rosewood Apartments

325 May Dr

Applewood Apartments

Courtyard Apartments

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Lookout at Broadmoor

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Oakridge on the Green
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.

3960 Galley Rd

4410 E Pikes Peak Ave

4480 E Pikes Peak Ave

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8659 Chancellor Dr

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Marmont Springs Apartments

Beverly Place

214 S Wahsatch Ave

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Ascent Apartments

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Aspire Colorado Springs

Aero Place Apartments
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.
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 | $1,295 | $750 | $2,800 |
| Cheap Colorado Springs 1 Bedroom Apartments | $1,485 | $599 | $5,234 |
| Cheap Colorado Springs 2 Bedroom Apartments | $1,828 | $588 | $6,940 |
| Cheap Colorado Springs 3 Bedroom Apartments | $2,311 | $525 | $10,000+ |
| Cheap Colorado Springs 4 Bedroom Apartments | $2,853 | $499 | $3,800 |
Browse Top Apartments in Colorado Springs
See all Apartments in Colorado SpringsExplore Colorado Springs

Colorado Springs, CO Local Guide

- Colorado Springs Neighborhoods
- Nearby Cities
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Cheapest Neighborhoods for Apartments in Colorado Springs, CO
Pricing Updated: 07/14/2026Current apartment rentals in the Colorado Springs, CO area range in price from $499 to $15,263 with an overall median price of $2,605. The three Colorado Springs neighborhoods with the lowest median rent pricing are Cragmoor at $622, Venetian Village at $622, and Oak Valley Ranch at $1,395. 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 |
|---|---|---|---|
| Cragmoor | $1,322 | $622 | 19 |
| Venetian Village | $1,347 | $622 | 23 |
| Oak Valley Ranch | $1,410 | $1,395 | 1 |
| Ivywild | $1,495 | $855 | 11 |
| U Colorado at Colorado Springs | $1,500 | $499 | 83 |
| Garden Ranch | $1,650 | $820 | 44 |
| Indian Heights | $1,650 | $849 | 27 |
| Northeast Colorado Springs | $1,650 | $972 | 23 |
| Divine Redeemer | $1,689 | $599 | 27 |
| Gateway Park | $1,723 | $747 | 104 |
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 $622. 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 |
| 11 West | Student Housing | Three Bedroom | 3BR,3BA | $622 |
| Pinewood Apartments | 520 - 1 Bedroom 1 Bath | 1BR,1BA | $695 |
| Hyde Park North | Kensington | 1BR,1BA | $730 |
| Park at Penrose Apartments | 1X1 (50 AMI) | 1BR,1BA | $731 |
| Newport Square | A2 | 1BR,1BA | $732 |
| Kalo Four Seasons | KaloSolo | 1BR,1BA | $749 |
| Kalo Village Seven | KaloSolo | 1BR,1BA | $750 |
| Kalo Lelaray | KaloSolo | 1BR,1BA | $750 |
| Airlan Arms | Studio | Studio,1BA | $774 |
Best Value Apartments for Rent in Colorado Springs, CO
As of July 14, 2026 the best value apartment in the Colorado Springs area is the $1.10 price per square foot 3/2 Model at The Creek at Cottonwood in the in the Stetson Run neighborhood starting from $1,523. The second greatest value Colorado Springs apartment is the Three Bedroom Model at 11 West | Student Housing starting at $622 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Creek at Cottonwood | 3/2 | 3BR,2BA | $1.10 |
| 11 West | Student Housing | Three Bedroom | 3BR,3BA | $0.51 |
| Regal Estates | 1 Bed 1 Bath | 1BR,1BA | $0.86 |
| Kalo Gateway Park | KaloDuo | 2BR,1BA | $1.03 |
| Union Blvd Apartments | 2 Beds, 1 Baths | 2BR,1BA | $1.03 |
| Rosewood Apartments | 2 Beds, 1 Baths | 2BR,1BA | $0.94 |
| Greentree Village | 2x1B | 2BR,1BA | $1.11 |
| Lookout on Cragmor | Student Housing | B1 | 2 Bedroom | 2BR,2BA | $1.00 |
| Aspen Bluff | 2x1.5 | 2BR,1.5BA | $1.16 |
| 2127 Preuss Rd | 2 Beds, 1 Baths | 2BR,1BA | $1.17 |
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 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 $774.
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 $2,605.
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 1,438 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 $478 which is $2,127 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

A Local Expert's 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.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.