Cheap Apartments for Rent in Colorado Springs, CO from $400 (427 Rentals)

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Newport Square
Rent Specials
$732 - $1,149
Total Monthly Price

Total Monthly Price

Base Rent
$732 - $1,149

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1 to 2 Bedroom Apartments Available Now

Newport Square

3780 Rebecca LnColorado Springs, CO 80917
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property at 2119 W Colorado Ave

$750

Total Monthly Price

Total Monthly Price

Base Rent
$750

Total Monthly Price
$750

Studio, 1 Bath Home for Rent

Available Now

2119 W Colorado Ave

Colorado SpringsCO80904
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 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 - $855

Total Monthly Price

Total Monthly Price

Base Rent
$760

Total Monthly Price
$760

Studio To 1 Bedroom Rentals

Available Now

4490 E Pikes Peak Ave

Colorado SpringsCO80916

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
Rent Specials
$774 - $1,021
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$768 - $1,015
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Total Monthly Price
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Studio to 2 Bedroom Apartments Available Now

Airlan Arms

1930 E La Salle StColorado Springs, CO 80909
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Sedona Ridge Apartments
Rent Specials
$786 - $1,154
Total Monthly Price

Total Monthly Price

Base Rent
$786 - $1,154

Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

Sedona Ridge Apartments

2713 Arlington DrColorado Springs, CO 80910
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property at 515 Sunset Rd

$795

Total Monthly Price

Total Monthly Price

Base Rent
$795

Total Monthly Price
$795

1 Bedroom, 1 Bath Home for Rent

Available Now

515 Sunset Rd

Colorado SpringsCO80909
property at 225 E Brookside St

$795 - $1,015

Total Monthly Price

Total Monthly Price

Base Rent
$795

Total Monthly Price
$795

1 To 2 Bedroom Rentals

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225 E Brookside St

Colorado SpringsCO80905
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Fir Tree
Rent Specials
$799 - $1,149
Total Monthly Price

Total Monthly Price

Base Rent
$799 - $1,149

Total Monthly Price
Varies
1 to 2 Bedroom Apartments Contact Us For Availability

Fir Tree

3835 Radiant DrColorado Springs, CO 80917
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  • Low Income
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Orchid Flats
$799 - $1,450
Total Monthly Price

Total Monthly Price

Base Rent
$799 - $1,450

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Varies
1 to 3 Bedroom Apartments Available Now

Orchid Flats

3005 Galley RdColorado Springs, CO 80909
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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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Peak View
$818 - $1,122
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$795 - $1,099
Required Monthly Fees
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Total Monthly Price
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Studio to 2 Bedroom Apartments Available Now

Peak View

1205 S Chelton RdColorado Springs, CO 80910
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Garrison Edge
$824 - $1,249
Total Monthly Price

Total Monthly Price

Base Rent
$824 - $1,249

Total Monthly Price
Varies
Studio to 3 Bedroom Apartments Available Now

Garrison Edge

1026 Rice DrColorado Springs, CO 80905
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Incline Apartments
Rent Specials
$838 - $1,352
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$835 - $1,349
Required Monthly Fees
Varies

Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Aug 7

Incline Apartments

3125 S Sinton RdColorado Springs, CO 80907
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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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Chestnut Springs
$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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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
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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
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Lincoln Springs
$849 - $1,199
Total Monthly Price

Total Monthly Price

Base Rent
$849 - $1,199

Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

Lincoln Springs

1170 S Chelton RdColorado Springs, CO 80910
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Lookout at Broadmoor
Rent Specials
$850 - $1,495
Total Monthly Price

Total Monthly Price

Base Rent
$850 - $1,495

Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

Lookout at Broadmoor

810-816 Oxford LnColorado Springs, CO 80905
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Oakridge on the Green
Rent Specials
$851 - $1,760
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$840 - $1,749
Required Monthly Fees
$11

Total Monthly Price
$851 - $1,760
1 to 2 Bedroom Apartments Available Now

Oakridge on the Green

801-809 S Circle DrColorado Springs, CO 80910
Affordability
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  • Utilities Included

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 3960 Galley Rd

$854

Total Monthly Price

Total Monthly Price

Base Rent
$854

Total Monthly Price
$854

1 Bedroom, 1 Bath Home for Rent

Available Now

3960 Galley Rd

Colorado SpringsCO80909
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 - $945

Total Monthly Price

Total Monthly Price

Base Rent
$855

Total Monthly Price
$855

1 To 2 Bedroom Rentals

Available Now

4480 E Pikes Peak Ave

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

Total Monthly Price

Base Rent
$865

Total Monthly Price
$865
1 Bedroom Apartment Available Now

8659 Chancellor Dr

8659 Chancellor DrColorado Springs, CO 80920
Affordability
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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
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Ascent Apartments
Rent Specials
$878 - $1,390
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$878 - $1,390

Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

Ascent Apartments

1030 S Chelton RdColorado Springs, CO 80910
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Aspire Colorado Springs
$890 - $1,301
Total Monthly Price

Total Monthly Price

Base Rent
$866 - $1,277
Required Monthly Fees
Varies

Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

Aspire Colorado Springs

620 N Murray BlvdColorado Springs, CO 80915
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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

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Written By:
Justin Habersaat
Editing Staff

Cheapest Neighborhoods for Apartments in Colorado Springs, CO

Pricing Updated: 07/14/2026

Current 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:

NeighborhoodMedian PriceMin PriceAvailable Units
Cragmoor$1,322$62219
Venetian Village$1,347$62223
Oak Valley Ranch$1,410$1,3951
Ivywild$1,495$85511
U Colorado at Colorado Springs$1,500$49983
Garden Ranch$1,650$82044
Indian Heights$1,650$84927
Northeast Colorado Springs$1,650$97223
Divine Redeemer$1,689$59927
Gateway Park$1,723$747104

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 ListingModel NameBed/BathPriced From
Bentley CommonsOne Bedroom2BR,1BA$588
11 West | Student HousingThree Bedroom3BR,3BA$622
Pinewood Apartments520 - 1 Bedroom 1 Bath1BR,1BA$695
Hyde Park NorthKensington1BR,1BA$730
Park at Penrose Apartments1X1 (50 AMI)1BR,1BA$731
Newport SquareA21BR,1BA$732
Kalo Four SeasonsKaloSolo1BR,1BA$749
Kalo Village SevenKaloSolo1BR,1BA$750
Kalo LelarayKaloSolo1BR,1BA$750
Airlan ArmsStudioStudio,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 ListingModel NameBed/BathPrice Per Sq.Ft.
The Creek at Cottonwood3/23BR,2BA$1.10
11 West | Student HousingThree Bedroom3BR,3BA$0.51
Regal Estates1 Bed 1 Bath1BR,1BA$0.86
Kalo Gateway ParkKaloDuo2BR,1BA$1.03
Union Blvd Apartments2 Beds, 1 Baths2BR,1BA$1.03
Rosewood Apartments2 Beds, 1 Baths2BR,1BA$0.94
Greentree Village2x1B2BR,1BA$1.11
Lookout on Cragmor | Student HousingB1 | 2 Bedroom2BR,2BA$1.00
Aspen Bluff2x1.52BR,1.5BA$1.16
2127 Preuss Rd2 Beds, 1 Baths2BR,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.

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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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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 $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

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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.

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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.

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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.

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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.