
Cheap Apartments for Rent in Colorado Springs, CO from $499 with Washer/Dryer (122 Rentals)
Search the lowest-cost Apartments available for rent right now in Colorado Springs.


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11 West | Student Housing

4983 Wood Brook Ct

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Newport Square

6844 Sierra Meadows Dr

2467 Dorset Dr

837 Oxford Ln, Unit 101

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Oakridge on the Green

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8659 Chancellor Dr

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Park at Palmer Apartments
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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The Residence at Skyway

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Shadow Mountain

4306 Axtell St S

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Beverly Place

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Traditions at Colorado Springs

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Kingsborough Apartments

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Mountain Ridge

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Greentree Village

837 Oxford Ln, Unit 101

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Copper Range
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.

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Cottages at Torin Point

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Cottages at Pike View

2826 W Platte Ave

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Mountain Manor

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Berkshire Apartments

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Cottages at South Murray

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Quail Run Apartments

1155 Chiricahua Loop

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Nash Springs Apartments

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Yuma Court Townhomes
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.

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InterQuest Ridge

638 Gilcrest Rd, Unit 638 gilcrest roiad

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Cheyenne Crest

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The Vue at Spring Creek

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Western Hills

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Ridgeview Place

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Center Pointe

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Constitution Square Apartments

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Willows at Printers Park Apartments

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Cottonwood Terrace
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

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Eastcrest Apartments

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The Creek at Cottonwood

Lynmar Apartments

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Experience at Epicenter

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Cottages at Aero Park

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Viridian Edge at the Park

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Windmill Apartments

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Foothills West Apartments

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532 CO

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Copper Rose
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.
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 | $1,201 | $729 | $2,800 |
| Colorado Springs 1 Bedroom Apartments | $1,510 | $680 | $3,944 |
| Colorado Springs 2 Bedroom Apartments | $1,832 | $588 | $5,060 |
| Colorado Springs 3 Bedroom Apartments | $2,290 | $525 | $6,868 |
| Colorado Springs 4 Bedroom Apartments | $2,853 | $499 | $4,508 |
| Colorado Springs 5 Bedroom Apartments | $3,619 | $2,300 | $6,458 |
Browse Top Apartments in Colorado Springs
See all Apartments in Colorado SpringsExplore Colorado Springs

Colorado Springs, CO Local Guide
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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 ArticleNavigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
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 $795.
What is the price of a cheap apartment in Colorado Springs?
The cheapest apartment in Colorado Springs is Panorama Heights which is listed at $539, while the average apartment in Colorado Springs costs $1,636.
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 1,499 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 $507 which is $1,129 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.

How Commercial-to-Residential Property Conversions Help the Housing Crisis
Written by: Robin Stewart
Many housing markets throughout America share a common complaint: a lack of affordable rental properties.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.