
Cheap Apartments for Rent in Colorado Springs, CO from $500 (441 Rentals)
Search the lowest-cost Apartments available for rent right now in Colorado Springs.


6435 Chantilly Pl, Unit Chantilly

11 West | Student Housing

5105 Stone Fence Dr, Unit 5105 Stone Fence Dr

Pinewood Apartments

Greentree Village

Incline Apartments

The Montelena

Total Monthly Price
Gardens at Hidden Creek Apartments

The Lofts at Rock Vue
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.

6435 Chantilly Pl

Summit Creek Apartments

Airlan Arms

Total Monthly Price
Park at Penrose Apartments

Marmont Springs Apartments

3960 Galley Rd

Sedona Ridge Apartments

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Fir Tree

Sienna Place

Garden Pines
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.

Pine Crest

The Carlson Apartments

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Pikes Place on San Miguel

Mountain Pointe Apartments

Total Monthly Price
Arbor Pointe Apartments

208 Custer Ave, Unit Bedroom 2

Alta Apartments

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Fountain Oaks Apartments

Regal Estates

The Haven at Academy
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

Rosewood Apartments

Total Monthly Price
Lincoln Springs (OLD)

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Newport Square

Total Monthly Price
Wind River Place

BG - SUMMIT VIEW APARTMENTS

942 E Las Animas St, Unit Cabin

Total Monthly Price
Oakridge on the Green

214 S Wahsatch Ave

Beverly Place
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

Total Monthly Price
Aspire Palmer Park

Ascent Apartments

Chestnut Hills

Peak 4420 on E Pikes Peak

Peak 1465

Penrose Plaza

Panorama Heights

Chestnut Springs Apartments - Historical Access

North 49 Apartments

Citadel Village Apartments
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

How much does it cost to rent an apartment in Colorado Springs?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Cheap Colorado Springs Studio Apartments | $1,286 | $725 | $2,800 |
| Cheap Colorado Springs 1 Bedroom Apartments | $1,490 | $600 | $4,626 |
| Cheap Colorado Springs 2 Bedroom Apartments | $1,816 | $588 | $5,730 |
| Cheap Colorado Springs 3 Bedroom Apartments | $2,265 | $649 | $6,296 |
| Cheap Colorado Springs 4 Bedroom Apartments | $2,667 | $525 | $4,335 |
| Colorado Springs 6 Bedroom Apartments | $2,917 | $2,895 | $2,940 |
Browse Top Apartments in Colorado Springs
See all Apartments in Colorado SpringsExplore Colorado Springs

Colorado Springs, CO Local Guide

- Colorado Springs Neighborhoods
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Cheapest Neighborhoods for Apartments in Colorado Springs, CO
Pricing Updated: 04/14/2026Current 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:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Spring Creek | $1,075 | $750 | 35 |
| Cragmoor | $1,214 | $649 | 41 |
| Venetian Village | $1,214 | $649 | 54 |
| Ivywild | $1,282 | $915 | 13 |
| Shooks Run | $1,322 | $900 | 5 |
| U Colorado at Colorado Springs | $1,417 | $525 | 177 |
| Palmer Park | $1,499 | $649 | 249 |
| Oak Hills | $1,565 | $525 | 58 |
| Divine Redeemer | $1,575 | $753 | 43 |
| Garden Ranch | $1,580 | $830 | 74 |
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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Bentley Commons | One Bedroom | 2BR,1BA | $588 |
| 11 West | Student Housing | Three Bedroom | 3BR,3BA | $649 |
| Pinewood Apartments | 520 - 1 Bedroom 1 Bath | 1BR,1BA | $695 |
| Greentree Village | 2x1C | 2BR,1BA | $703 |
| Incline Apartments | Studio | Studio,1BA | $725 |
| Southgate Commons | 1 Bedroom - No Balcony | 1BR,1BA | $729 |
| The Montelena | Studio | Studio,1BA | $749 |
| Summit Creek Apartments | Studio Apartment | Studio,1BA | $750 |
| Gardens at Hidden Creek Apartments | Studio 1 | Studio,1BA | $750 |
| Kalo Village Seven | KaloSolo | 1BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Aspen Townhomes | 3 Bedroom 1 Bath | 3BR,1BA | $1.13 |
| 11 West | Student Housing | Two Bedroom | 2BR,2BA | $0.75 |
| Regal Estates | 1 Bed 1 Bath | 1BR,1BA | $0.96 |
| Shadow Wood Chalet | B1 | 2BR,1BA | $1.00 |
| 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 |
| Stone Canyon | 2BD, 1BTH | 2BR,1BA | $1.18 |
| Riverbend Apartments | 2x1 LVT | 2BR,1BA | $0.99 |
| Sienna Place | 1X1 | 1BR,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.
Read ArticleDon'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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
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Read ArticleCash 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.
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 $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

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.

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.

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.

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.