Cheap Apartments for Rent in Colorado Springs, CO from $499 (465 Rentals)

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

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
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Incline Apartments
Rent Specials
$753 - $1,198
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$750 - $1,195
Required Monthly Fees
Varies

Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

Incline Apartments

3125 S Sinton RdColorado Springs, CO 80907
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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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Garrison Edge
$774 - $1,349
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$774 - $1,349

Total Monthly Price
Varies
Studio to 3 Bedroom Apartments Available Now

Garrison Edge

1026 Rice DrColorado Springs, CO 80905
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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

Available Now

225 E Brookside St

Colorado SpringsCO80905
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The Montelena
Rent Specials
$799 - $1,400
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$799 - $1,400

Total Monthly Price
$799 - $1,400
Studio to 2 Bedroom Apartments Available Now

The Montelena

2409 E Pikes Peak AveColorado Springs, CO 80909
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Rent According to Income: A Look at Income-Restricted Rentals

Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

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Orchid Flats
$799 - $1,450
Total Monthly Price

Total Monthly Price

Base Rent
$799 - $1,450

Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Sep 14

Orchid Flats

3005 Galley RdColorado Springs, CO 80909
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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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property at 1318 E Willamette Ave

$800

Total Monthly Price

Total Monthly Price

Base Rent
$800

Total Monthly Price
$800

1 Bedroom, 1 Bath Home for Rent

Available Sep 10

1318 E Willamette Ave

Colorado SpringsCO80909
property at 942 E Las Animas St

$800

Total Monthly Price

Total Monthly Price

Base Rent
$800

Total Monthly Price
$800

Studio, 1 Bath Home for Rent

Available Now

942 E Las Animas St

Colorado SpringsCO80903
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821 N Weber St, Unit #2
$825
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$825

Total Monthly Price
$825
1 Bedroom Apartment Available Sep 6

821 N Weber St, Unit #2

821 N Weber StColorado Springs, CO 80903
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Emory
$828 - $902
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$825 - $899
Required Monthly Fees
Varies

Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

Emory

930-940 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.

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Airlan Arms
Rent Specials
$839 - $1,169
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$833 - $1,163
Required Monthly Fees
Varies

Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Aug 31

Airlan Arms

1930 E La Salle StColorado Springs, CO 80909
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property at 335 Ruskin Dr

$845

Total Monthly Price

Total Monthly Price

Base Rent
$845

Total Monthly Price
$845

2 Bedroom, 1 Bath Home for Rent

Available Now

335 Ruskin Dr

Colorado SpringsCO80910
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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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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 Contact Us For Availability

Oakridge on the Green

801-809 S Circle DrColorado Springs, CO 80910
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Sienna Place
Rent Specials
$853 - $1,702
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$850 - $1,699
Required Monthly Fees
Varies

Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Now

Sienna Place

1698 Lenmar DrColorado Springs, CO 80905
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Vista Peak
$854 - $1,304
Total Monthly Price

Total Monthly Price

Base Rent
$849 - $1,299
Required Monthly Fees
Varies

Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Now

Vista Peak

1202-1240 Potter DrColorado Springs, CO 80909
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How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide

Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Aspire Fillmore
Rent Specials
$860 - $1,509
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$850 - $1,499
Required Monthly Fees
Varies

Total Monthly Price
Varies
Studio to 3 Bedroom Apartments Available Now

Aspire Fillmore

3210 N Chestnut StColorado Springs, CO 80907
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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
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Peak View
Rent Specials
$873 - $1,018
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$850 - $995
Required Monthly Fees
Varies

Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

Peak View

1205 S Chelton RdColorado Springs, CO 80910
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Ascent Apartments
Rent Specials
$875 - $1,330
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$875 - $1,330

Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

Ascent Apartments

1030 S Chelton RdColorado Springs, CO 80910
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Lookout at Broadmoor
Rent Specials
$880 - $1,430
Total Monthly Price

Total Monthly Price

Base Rent
$880 - $1,430

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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Chestnut Hills
$891 - $963
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$883 - $955
Required Monthly Fees
Varies

Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Sep 21

Chestnut Hills

4348 N Chestnut StColorado Springs, CO 80907
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Chestnut Springs
$894 - $1,124
Total Monthly Price

Total Monthly Price

Base Rent
$894 - $1,124

Total Monthly Price
Varies
1 Bedroom Apartments Available Now

Chestnut Springs

4331 N Chestnut StColorado Springs, CO 80907
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property at 2127 Preuss Rd

$895

Total Monthly Price

Total Monthly Price

Base Rent
$895

Total Monthly Price
$895

2 Bedroom, 1 Bath Home for Rent

Available Now

2127 Preuss Rd

Colorado SpringsCO80910
property at 520 Alexander Rd

$895

Total Monthly Price

Total Monthly Price

Base Rent
$895

Total Monthly Price
$895

1 Bedroom, 1 Bath Home for Rent

Available Sep 4

520 Alexander Rd

Colorado SpringsCO80909

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.

Colorado Springs, CO Local Guide

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Justin Habersaat
Editing Staff

Cheapest Neighborhoods for Apartments in Colorado Springs, CO

Pricing Updated: 08/29/2026

Current apartment rentals in the Colorado Springs, CO area range in price from $550 to $6,995 with an overall median price of $2,145. The three Colorado Springs neighborhoods with the lowest median rent pricing are Spring Creek at $1,150, Shooks Run at $1,250, and Memorial Park at $1,355. 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$1,150$1,1501
Shooks Run$1,250$5956
Memorial Park$1,355$5503
Cimarron Hills$1,403$59527
Divine Redeemer$1,675$55021
Venetian Village$1,700$64024
Downtown$1,737$55035
Downtown Colorado Springs$1,737$55035
North End$1,750$90023
North End Colorado Springs$1,750$90031

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. 409 N. Cascade Avenue in the Downtown neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $650. Here is today’s list of the most affordable Colorado Springs apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Bentley CommonsOne Bedroom2BR,1BA$588
409 N. Cascade Avenue0BR/1.0BAStudio,1BA$650
Pinewood Apartments520 - 1 Bedroom 1 Bath1BR,1BA$695
Swope Ave Apartments0BR/1.0BAStudio,1BA$699
Kalo Four SeasonsKaloSolo1BR,1BA$725
Park at Penrose Apartments1X1 (50 AMI)1BR,1BA$731
Newport SquareA21BR,1BA$732
Hyde Park NorthKensington1BR,1BA$750
325 Bonnie Ct1 Beds, 1 Baths1BR,1BA$750
Kalo LelarayKaloSolo1BR,1BA$750

Best Value Apartments for Rent in Colorado Springs, CO

As of August 29, 2026 the best value apartment in the Colorado Springs area is the $0.95 price per square foot B2 Model at Broadview Ridge in the in the Stratton Meadows neighborhood starting from $2,252. The second greatest value Colorado Springs apartment is the 2645 Oro Blanco Drive Model at 2645 Oro Blanco Drive, Unit 2645 Oro Blanco Dr starting at $2,295 with a $1.16 price per square foot in the Stetson Run 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.
Broadview RidgeB22BR,2.5BA$0.95
2645 Oro Blanco Drive, Unit 2645 Oro Blanco Dr2645 Oro Blanco Drive4BR,3BA$1.16
The Creek at Cottonwood3/23BR,2BA$1.10
Regal Estates1 Bed 1 Bath1BR,1BA$0.86
Shooks Run2X2 50% H2BR,2BA$1.16
Rosewood Apartments2 Beds, 1 Baths2BR,1BA$0.94
Esperanza Village Apartments2x12BR,1BA$1.14
Greentree Village2x1A2BR,1BA$1.15
2127 Preuss Rd2 Beds, 1 Baths2BR,1BA$1.13
335 Ruskin Dr2 Beds, 1 Baths2BR,1BA$1.11

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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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 the Cheapest Studio apartment in Colorado Springs?

Currently the most affordable Cheap Studio Apartment in Colorado Springs is at 409 N. Cascade Avenue listed at $650.

How much is rent for a Cheap One Bedroom Colorado Springs Apartment?

The lowest price for a Cheap One Bedroom Colorado Springs Apartment is $695 at Pinewood Apartments.

What is the lowest price for a Cheap Two Bedroom Colorado Springs Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Colorado Springs is starting from $588 at Bentley Commons.

What is the most affordable Colorado Springs Three Bedroom Apartment?

The best deal on a cheap Colorado Springs Three Bedroom Apartment rental is at Aviator Apartments and starts from $1,130.

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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Colorado Springs Student Renting: An Insider's Look at Top Colleges and Student Neighborhoods

Written by: Darla Ferrara

If your perfect college experience involves a blend of breathtaking mountain views and vibrant city living, then Colorado Springs, CO, might be the right choice for you.

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Rent According to Income: A Look at Income-Restricted Rentals

Written by: Robin Stewart

The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

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Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags

Written by: Robin Stewart

Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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First Apartment Regrets: Real Renters Share What They'd Do Differently

Written by: Robin Stewart

Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.