Cheap Apartments for Rent in Colorado Springs, CO from $500 (405 Rentals)

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Emory
Rent Specials
$800 - $825Studio to 2 Bedroom Apartments Available Sep 26

Emory

930-940 N Murray BlvdColorado Springs, CO 80915
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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: 09/23/2025

Current apartment rentals in the Colorado Springs, CO area range in price from $540 to $10,711 with an overall median price of $2,386. The three Colorado Springs neighborhoods with the lowest median rent pricing are Cragmoor at $540, Divine Redeemer at $750, and North End at $879. 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$1,095$54022
Divine Redeemer$1,199$75045
North End$1,250$87914
Fountain Valley$1,250$8504
Patty Jewett$1,295$9509
Oak Valley Ranch$1,425$1,2501
North End Colorado Springs$1,549$85024
Garden Ranch$1,600$60063
Northeast Colorado Springs$1,600$99962
Village Seven$1,604$825104

Cheapest Available Colorado Springs Apartments for Rent

 

The cheapest available apartment rental in Colorado Springs, CO is a 3 Beds unit found at 11 West | Student Housing in the Venetian Village neighborhood priced from $540. Bentley Commons in the Deerfield Hills neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $588. Here is today’s list of the most affordable Colorado Springs apartments for rent:

Apartment ListingModel NameBed/BathPriced From
11 West | Student HousingThree Bedroom3BR,3BA$540
Bentley CommonsOne Bedroom2BR,1BA$588
Shooks Run2x2 30%2BR,2BA$668
Incline ApartmentsStudioStudio,1BA$699
Arbor Pointe ApartmentsOne Bedroom1BR,1BA$739
Summit Creek ApartmentsCozy Studio Affordable Apartment in Colorado Sp...Studio,1BA$750
Alta ApartmentsThe Peak - DesignerStudio,1BA$765
Come Home to Willow Ridge!1BR/1.0BA1BR,1BA$771
Fairway Valley ApartmentsStudioStudio,1BA$775

Best Value Apartments for Rent in Colorado Springs, CO

As of September 23, 2025 the best value apartment in the Colorado Springs area is the $1.03 price per square foot **** Move In Special $300 off total move in am... Model at The Townhouse Apartments in the in the Deerfield Hills neighborhood starting from $1,950. The second greatest value Colorado Springs apartment is the 1112 N Wahsatch Ave Model at 1112 N Wahsatch Ave, Unit B starting at $1,450 with a $1.12 price per square foot in the Patty Jewett 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 Townhouse Apartments**** Move In Special $300 off total move in am...3BR,1.5BA$1.03
1112 N Wahsatch Ave, Unit B1112 N Wahsatch Ave2BR,1BA$1.12
The Creek at Cottonwood Apartment Homes2x22BR,2BA$1.10
11 West | Student HousingTwo Bedroom2BR,2BA$0.65
Regal Estates1 Bed 1 Bath1BR,1BA$0.96
Homewood Point2BR/2.0BA2BR,2BA$0.87
Union Blvd Apartments2 Beds, 1 Baths2BR,1BA$1.03
Rosewood Apartments2 Beds, 1 Baths2BR,1BA$0.94
Riverbend Apartments2 Beds, 1 Baths2BR,1BA$1.11
Shooks Run1x1 40%1BR,1BA$1.08

Quick Rent Budget Calculator

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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.

Colorado Springs, CO
Population: 472,688

Ranked #39

in US Census Population by City

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Pet Friendly Lifestyle
Colorado Springs, CO

Ranked #5

Among cities in Colorado for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Colorado Springs, CO Rentals by Map

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See the most popular apartments and homes in Colorado Springs, CO

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Colorado Springs, CO Apartments Map
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Colorado Springs, CO Rental Homes Map

Getting Around Colorado Springs, CO

Walk Score®

51 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

50 / 100

Bikeable

Some bike infrastructure

Transit Score®

26 / 100

Some Transit

A few nearby public transportation options

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

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 Arbor Pointe Apartments which is listed at $739, 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 2,108 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 $476 which is $1,910 cheaper than the average rent for all rentals in Colorado Springs.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

decorative image for A Local Experts Guide To 10 Budget-Friendly Neighborhoods to Rent in Colorado Springs, CO article

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.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.

decorative image for Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between article

Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.