Cheap New Apartments for Rent in Colorado Springs, CO from $400 (28 Rentals)

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

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Cottages at Torin Point
$1,005 - $2,865
Total Monthly Price

Total Monthly Price

Base Rent
$995 - $2,855
Required Monthly Fees
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Total Monthly Price
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Built in 2023Studio to 2 Bedroom Apartments Available Now

Cottages at Torin Point

4703 Goodwin GrvColorado Springs, CO 80916
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Cottages at Sand Creek
$1,009 - $3,235
Total Monthly Price

Total Monthly Price

Base Rent
$999 - $3,225
Required Monthly Fees
Varies

Total Monthly Price
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Built in 2020Studio to 2 Bedroom Apartments Available Now

Cottages at Sand Creek

4046 Mallette HtsColorado Springs, CO 80916
Family Friendly
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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.

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Cottages at Chapel Heights
$1,042 - $3,212
Total Monthly Price

Total Monthly Price

Base Rent
$989 - $3,159
Required Monthly Fees
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Total Monthly Price
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Built in 2023Studio to 2 Bedroom Apartments Available Now

Cottages at Chapel Heights

830 Cana GrvColorado Springs, CO 80916
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Cottages at Jetwing
$1,076 - $3,203
Total Monthly Price

Total Monthly Price

Base Rent
$1,030 - $3,157
Required Monthly Fees
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Total Monthly Price
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Built in 2023Studio to 2 Bedroom Apartments Available Now

Cottages at Jetwing

991 Ibsen VwColorado Springs, CO 80916
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Cottages at South Murray
$1,076 - $2,266
Total Monthly Price

Total Monthly Price

Base Rent
$1,030 - $2,220
Required Monthly Fees
Varies

Total Monthly Price
Varies
Built in 2025Studio to 2 Bedroom Apartments Available Now

Cottages at South Murray

2023 Murray Creek PtColorado Springs, CO 80916
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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
Built in 2024Studio to 2 Bedroom Apartments Contact Us For Availability

Sumner House

335 Victoria stColorado Springs, CO 80903
Accessibility
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  • Utilities Included
  • Low Income
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Cottages at Aero Park
Rent Specials
$1,098 - $1,699
Total Monthly Price

Total Monthly Price

Base Rent
$1,098 - $1,699

Total Monthly Price
$1,098 - $1,699
Built in 2026Studio to 2 Bedroom Apartments Contact Us For Availability

Cottages at Aero Park

1736 Ramjet PointColorado Springs, CO 80916
Pet Friendly
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Cottages at Woodmen Heights
Rent Specials
$1,130 - $3,284
Total Monthly Price

Total Monthly Price

Base Rent
$1,084 - $3,238
Required Monthly Fees
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Total Monthly Price
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Built in 2025Studio to 2 Bedroom Apartments Available Now

Cottages at Woodmen Heights

7755 Adventure WayColorado Springs, CO 80923
Active Lifestyle
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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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Alpine Vista
$1,187 - $1,705
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,187 - $1,705

Total Monthly Price
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Built in 20201 to 3 Bedroom Apartments Available Now

Alpine Vista

6270 Barnes RdColorado Springs, CO 80922
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Academy Heights Apartments
Rent Specials
$1,199 - $1,999
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,199 - $1,999

Total Monthly Price
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Built in 20231 to 3 Bedroom Apartments Available Now

Academy Heights Apartments

1340 Inverness DrColorado Springs, CO 80910
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  • Low Income
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Experience at Epicenter
Rent Specials
$1,225 - $3,405
Total Monthly Price

Total Monthly Price

Base Rent
$1,225 - $3,405

Total Monthly Price
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Built in 2024Studio to 2 Bedroom Apartments Available Now

Experience at Epicenter

655 S Sierra Madre StColorado Springs, CO 80903
Student Housing
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VIM
$1,270 - $2,801
Total Monthly Price

Total Monthly Price

Base Rent
$1,270 - $2,801

Total Monthly Price
Varies
Built in 2023Studio to 2 Bedroom Apartments Available Now

VIM

322 E Vermijo AveColorado Springs, CO 80903
Corporate Housing
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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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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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Freedom Springs
Built in 2019Studio to 2 Bedroom Apartments

Freedom Springs

734 Western DrColorado Springs, CO 80915
Military
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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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Shooks Run
Built in 20211 to 3 Bedroom Apartments

Shooks Run

842 S Royer StColorado Springs, CO 80903
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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

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.

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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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.

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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 $759.

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 $2,424.

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 1,695 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 $459 which is $1,965 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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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.

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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.

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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.