Cheap Low Income Apartments for Rent in Colorado Springs, CO from $400 (20 Rentals)

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

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Fir Tree
Rent Specials
$799 - $1,150
Total Monthly Price

Total Monthly Price

Base Rent
$799 - $1,150

Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

Fir Tree

3835 Radiant DrColorado Springs, CO 80917
Affordability
  • Verified
  • Utilities Included
  • Low Income

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.

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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Sumner House
$1,092 - $1,404
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,092 - $1,404

Total Monthly Price
$1,092 - $1,404
Studio to 2 Bedroom Apartments Contact Us For Availability

Sumner House

335 Victoria stColorado Springs, CO 80903
Affordability
  • Verified
  • Utilities Included
  • Low Income
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Westmeadow Peaks
$1,218 - $1,683
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,218 - $1,683

Total Monthly Price
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1 to 3 Bedroom Apartments Available Now

Westmeadow Peaks

1472 Meadow Peak VwColorado Springs, CO 80906
Furnished
  • Verified
  • Customer Reviewed
  • Utilities Included

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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Academy Heights Apartments
Rent Specials
$1,244 - $2,026
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,244 - $2,026

Total Monthly Price
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1 to 3 Bedroom Apartments Available Now

Academy Heights Apartments

1340 Inverness DrColorado Springs, CO 80910
Affordability
  • Verified
  • Low Income
  • 3D Tour

Colorado Springs, CO Local Guide

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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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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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 $782.

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 $2,598.

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 1,579 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 $483 which is $2,115 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

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 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.

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Pet-Friendly Renting: Everything You Need to Know Before You Move

Written by: Christine Leonard, Esq.

For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

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Creative Ways Developers Reimagine Retail Spaces as Residential Units

Written by: Robin Stewart

Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.