
Cheap Low Income Apartments for Rent in Colorado Springs, CO from $400 (20 Rentals)
Search the lowest-cost Apartments available for rent right now in Colorado Springs.


Concord Apartments

Total Monthly Price
Fir Tree

Garden Pines

Summit Creek Apartments

Tamarac
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

Artspace Colorado Springs

Traditions at Colorado Springs

Greentree Village

Copper Range

The Village at Homewood Point

Total Monthly Price
Sumner House
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.

Yuma Court Townhomes

InterQuest Ridge

The Creek at Cottonwood

Lynmar Apartments

Total Monthly Price
Westmeadow Peaks

Copper Rose
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.

Fountain Springs

Total Monthly Price
Academy Heights Apartments
Colorado Springs, CO Local Guide

How much does it cost to rent an apartment in Colorado Springs?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Colorado Springs Studio Apartments | $1,269 | $750 | $2,800 |
| Colorado Springs 1 Bedroom Apartments | $1,484 | $695 | $5,234 |
| Colorado Springs 2 Bedroom Apartments | $1,818 | $588 | $6,779 |
| Colorado Springs 3 Bedroom Apartments | $2,301 | $525 | $10,000+ |
| Colorado Springs 4 Bedroom Apartments | $2,850 | $499 | $3,800 |
Browse Top Apartments in Colorado Springs
See all Apartments in Colorado SpringsExplore Colorado Springs

Colorado Springs, CO Local Guide
- Colorado Springs Neighborhoods
- Nearby Cities
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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.
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 $2,607.
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 1,395 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 $519 which is $2,088 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

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.

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.

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.

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.