
Cheap Apartments for Rent in Colorado Springs, CO from $400 (437 Rentals)
Search the lowest-cost Apartments available for rent right now in Colorado Springs.


1105 Mt View Ln

Bentley Commons

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11 West | Student Housing

6435 Chantilly Pl, Unit Chantilly

5105 Stone Fence Dr, Unit 5105 Stone Fence Dr

2423 E St Vrain St, Unit #3

Pinewood Apartments

Incline Apartments

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Lincoln 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.

6435 Chantilly Pl

4450 E Pikes Peak Ave

4470 E Pikes Peak Ave

Peak 1465

4490 E Pikes Peak Ave

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Park at Penrose Apartments

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Gardens at Hidden Creek Apartments

Sedona Ridge Apartments

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Pikes Place on San Miguel

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.

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Pine Crest

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Fir Tree

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Arbor Pointe Apartments

Airlan Arms

Regal Estates

Alta Apartments

3960 Galley Rd

3022 W Bijou St, Unit E2

325 May Dr

The Haven at Academy
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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Autumn Lane Apartments

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Park at Palmer Apartments

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Oakridge on the Green

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1075 Magnolia St, Unit 1

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Wind River Place

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The Montelena

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Chestnut Springs

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Newport Square

Rosewood Apartments

BG - SUMMIT VIEW APARTMENTS
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.

Sienna Place

Peak View

9736 Wando Dr

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

917 2nd St
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
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 | $1,285 | $735 | $2,800 |
| Cheap Colorado Springs 1 Bedroom Apartments | $1,476 | $650 | $6,229 |
| Cheap Colorado Springs 2 Bedroom Apartments | $1,816 | $588 | $6,239 |
| Cheap Colorado Springs 3 Bedroom Apartments | $2,339 | $525 | $9,985 |
| Cheap Colorado Springs 4 Bedroom Apartments | $2,819 | $499 | $3,800 |
Browse Top Apartments in Colorado Springs
See all Apartments in Colorado SpringsExplore Colorado Springs

Colorado Springs, CO Local Guide

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Cheapest Neighborhoods for Apartments in Colorado Springs, CO
Pricing Updated: 05/29/2026Current apartment rentals in the Colorado Springs, CO area range in price from $499 to $9,985 with an overall median price of $2,494. The three Colorado Springs neighborhoods with the lowest median rent pricing are Venetian Village at $500, Cragmoor at $500, and Oak Valley Ranch at $1,295. 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 |
|---|---|---|---|
| Venetian Village | $1,238 | $500 | 24 |
| Cragmoor | $1,309 | $500 | 20 |
| Oak Valley Ranch | $1,397 | $1,295 | 2 |
| U Colorado at Colorado Springs | $1,420 | $499 | 133 |
| Pine Cliff | $1,491 | $499 | 106 |
| Colorado Centre | $1,550 | $1,550 | 1 |
| Ivywild | $1,565 | $965 | 17 |
| Garden Ranch | $1,580 | $500 | 65 |
| Northeast Colorado Springs | $1,580 | $949 | 52 |
| Pulpit Rock | $1,599 | $499 | 93 |
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 $614. 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 | $614 |
| Pinewood Apartments | 520 - 1 Bedroom 1 Bath | 1BR,1BA | $695 |
| Kalo Four Seasons | KaloSolo | 1BR,1BA | $749 |
| Southgate Commons | 1 Bedroom - No Balcony (Version 2) | 1BR,1BA | $749 |
| Kalo Lelaray | KaloSolo | 1BR,1BA | $750 |
| Lincoln Springs | A1 | 1BR,1BA | $750 |
| Peak 1465 | 0/1 | Studio,1BA | $760 |
| Park at Penrose Apartments | 1X1 (80 AMI) | 1BR,1BA | $771 |
| Gardens at Hidden Creek Apartments | Studio A | Studio,1BA | $775 |
Best Value Apartments for Rent in Colorado Springs, CO
As of May 30, 2026 the best value apartment in the Colorado Springs area is the $0.99 price per square foot 1912 Payton Cir Model at 1912 Payton Cir, Unit Office in the in the Rustic Hills neighborhood starting from $1,200. The second greatest value Colorado Springs apartment is the Three Bedroom Model at 11 West | Student Housing starting at $614 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. |
|---|---|---|---|
| 1912 Payton Cir, Unit Office | 1912 Payton Cir | Studio ,1BA | $0.99 |
| 11 West | Student Housing | Three Bedroom | 3BR,3BA | $0.51 |
| Shadow Wood Chalet | B1 | 2BR,1BA | $1.00 |
| Regal Estates | 1 Bed 1 Bath | 1BR,1BA | $0.96 |
| The Park at Whispering Pines | 2/1.00 | 2BR,1BA | $1.11 |
| Union Blvd Apartments | 2 Beds, 1 Baths | 2BR,1BA | $1.03 |
| Rosewood Apartments | 2 Beds, 1 Baths | 2BR,1BA | $0.94 |
| Lookout on Cragmor | Student Housing | B1 | 2 Bedroom | 2BR,2BA | $0.99 |
| Aviator Apartments | 2BR/1BA - B2 | 2BR,1BA | $1.02 |
| Hyde Park North | St. James | 2BR,1BA | $1.05 |
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 $775.
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 $2,494.
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 1,621 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 $497 which is $1,997 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.

Neighborhood and Market Insights: How to Choose the Right Area to Rent
Written by: Robin Stewart
Apartment-hunting can be a gargantuan task. Renters have a wish list of items—some luxuries, some necessities—but finding what you seek in the right place is perhaps the most important part of the journey.

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.