Cheap New Apartments for Rent in Colorado Springs, CO from $500 (36 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
Lifestyle Matching SearchDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

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.

close
View Me
VIM
Rent Specials
$1,250 - $2,782Built in 2023Studio to 2 Bedroom Apartments Available Now

VIM

322 E Vermijo AveColorado Springs, CO 80903
Pet Friendly
  • Verified
  • Customer Reviewed
  • Matterport 3D Tour

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.

close
View Me
Mosaica
Rent Specials
$1,295 - $2,200Built in 20221 to 4 Bedroom Apartments Available Now

Mosaica

2335 CoralBell GrvColorado Springs, CO 80910
Furnished
  • Verified
  • Customer Reviewed
  • Utilities Included
close
View Me
Ensley
Rent Specials
$1,295 - $2,965Built in 2023Studio to 2 Bedroom Apartments Available Now

Ensley

505 S Weber StColorado Springs, CO 80903
Affordability
  • Verified
  • Customer Reviewed
  • Utilities Included
close
View Me
Shooks Run
Built in 20211 to 3 Bedroom Apartments

Shooks Run

842 S Royer StColorado Springs, CO 80903
close
View Me
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
close
View Me
Cottages at South Murray
Built in 2025Studio to 2 Bedroom Apartments

Cottages at South Murray

2023 Murray Creek PtColorado Springs, CO 80916
close
View Me
Cottages at Pikeview
Built in 2020Studio to 2 Bedroom Apartments

Cottages at Pikeview

3850 Shafer HtsColorado Springs, CO 80907

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.

close
View Me
Cottages at Sand Creek
Built in 2020Studio to 2 Bedroom Apartments

Cottages at Sand Creek

4046 Mallette HtsColorado Springs, CO 80916
close
View Me
833 E Platte Ave
Built in 2024Studio to 2 Bedroom Apartments

833 E Platte Ave

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

Paloma Garden

930 S Chelton RdColorado Springs, CO 80910
Senior Living
close
View Me
Sumner House
Built in 2024Studio to 2 Bedroom Apartments

Sumner House

335 Victoria stColorado Springs, CO 80903
  • Utilities Included
close
View Me
3410 N Carefree Cir
Built in 2022Studio to 1 Bedroom Apartments

3410 N Carefree Cir

3410 N Carefree CirColorado Springs, CO 80917
close
View Me
Academy Heights
Built in 20231 to 3 Bedroom Apartments

Academy Heights

1340 Inverness DrColorado Springs, CO 80910

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.

Colorado Springs, CO Local Guide

Quick 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.

decorative image of people with a giant lease agreement

Colorado Springs, CO
Population: 472,688

Ranked #39

in US Census Population by City

decorative image of people examining a giant globe and floating graphs

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

decorative image of woman handing cat to small boy

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

Explore Colorado Springs, CO Rentals by Map

View Map
Colorado Springs, CO Apartments Map
View Map
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

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 $2,396.

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 2,138 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 $482 which is $1,914 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.

decorative image for How to Negotiate Your Apartment Lease and Save Money article

How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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

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.