
Cheap Apartments for Rent in Colorado Springs, CO from $400 with Washer/Dryer (123 Rentals)
Search the lowest-cost Apartments available for rent right now in Colorado Springs.


6435 Chantilly Pl, Unit Chantilly

Bentley Commons

11 West | Student Housing

Newport Square

837 Oxford Ln, Unit 101

Park at Palmer Apartments

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Oakridge on the Green

3960 Galley Rd

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8659 Chancellor Dr
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

Beverly Place

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The Residence at Skyway

Traditions at Colorado Springs

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Mountain Ridge

Greentree Village

Windmill Apartments

1991 Palm Dr

Copper Range

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Cottages at Torin Point

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Kingsborough Apartments
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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Mountain Manor

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The Vue at Spring Creek

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Cottages at South Murray

Berkshire Apartments

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Cottages at Pike View

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Viridian Edge at the Park

Yuma Court Townhomes

1447 Nokomis Dr

InterQuest Ridge

The Creek at Cottonwood
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.

638 Gilcrest Rd, Unit 638 gilcrest roiad

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Cheyenne Crest

Center Pointe

Quail Run Apartments

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Western Hills

Constitution Square Apartments

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1002 Mazatlan Cir

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Alpine Vista

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Eastcrest Apartments

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.

Lynmar Apartments

638 Gilcrest Rd, Unit 638 Gilcrest road

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Ridgeview Place

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Cheyenne Crossing

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Nash Springs Apartments

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Foothills West Apartments

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The Edison at Chapel Hills

Copper Rose

Fountain Springs

Meadows At Cheyenne Mountain
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 | $1,258 | $750 | $2,800 |
| Colorado Springs 1 Bedroom Apartments | $1,485 | $575 | $5,440 |
| Colorado Springs 2 Bedroom Apartments | $1,842 | $588 | $6,871 |
| Colorado Springs 3 Bedroom Apartments | $2,342 | $525 | $8,003 |
| Colorado Springs 4 Bedroom Apartments | $2,878 | $499 | $3,455 |
| Colorado Springs 5 Bedroom Apartments | $3,382 | $2,600 | $5,844 |
Browse Top Apartments in Colorado Springs
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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 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 $774.
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 $1,617.
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 1,278 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 $487 which is $1,130 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.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.

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.

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.