Cheap New Apartments for Rent in Colorado Springs, CO from $500 (38 Rentals)

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

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
$1,186 - $1,519
Total Monthly Price

Total Monthly Price

Base Rent
$1,186 - $1,519
Total Monthly Price
$1,186 - $1,519
Built in 2024Studio to 2 Bedroom Apartments Available Now

Sumner House

335 Victoria stColorado Springs, CO 80903
Accessibility
  • Verified
  • Utilities Included
  • Low Income

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.

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VIM
Rent Specials
$1,250 - $2,801Built in 2023Studio to 2 Bedroom Apartments Available Now

VIM

322 E Vermijo AveColorado Springs, CO 80903
Corporate Housing
  • Verified
  • Customer Reviewed
  • 3D Tour

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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Shooks Run
Built in 20211 to 3 Bedroom Apartments

Shooks Run

842 S Royer StColorado Springs, CO 80903
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Atrium at Austin Bluffs
Built in 20211 to 2 Bedroom Apartments

Atrium at Austin Bluffs

4921 Templeton Gap RdColorado Springs, CO 80923
Senior Living
  • Utilities Included
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Cottages at Pikeview
Built in 2020Studio to 2 Bedroom Apartments

Cottages at Pikeview

3850 Shafer HtsColorado Springs, CO 80907
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Cottages at Sand Creek
Built in 2020Studio to 2 Bedroom Apartments

Cottages at Sand Creek

4046 Mallette HtsColorado Springs, CO 80916
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Avian Apartments
Built in 2025Studio to 2 Bedroom Apartments

Avian Apartments

217 S Weber StColorado Springs, CO 80903
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833 E Platte Ave
Built in 2024Studio to 2 Bedroom Apartments

833 E Platte Ave

833 E Platte AveColorado Springs, CO 80903
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Paloma Garden
Built in 20241 to 2 Bedroom Apartments

Paloma Garden

930 S Chelton RdColorado Springs, CO 80910
Senior Living
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3410 N Carefree Cir
Built in 2022Studio to 1 Bedroom Apartments

3410 N Carefree Cir

3410 N Carefree CirColorado Springs, CO 80917

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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The Towne at Northgate
Built in 2019Studio to 3 Bedroom Apartments

The Towne at Northgate

1203 Affirmed ViewColorado Springs, CO 80921
Corporate Housing
Showing Results 1-38, Page 1 of 1

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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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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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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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 $789.

What is the price of a cheap apartment in Colorado Springs?

The cheapest apartment in Colorado Springs is Park at Penrose Apartments which is listed at $747, while the average apartment in Colorado Springs costs $2,295.

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 2,775 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 $504 which is $1,791 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

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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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Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

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18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property

Written by: Lauren Harrington

Renting your next home can feel thrilling and overwhelming at the same time.

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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.