225 E Brookside St
Colorado SpringsCO80905
Cheap Apartments for Rent in the Downtown Colorado Springs Neighborhood of Colorado Springs, CO from $500 (58 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Colorado Springs area of Colorado Springs.
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$800Studio Apartments Available Now
942 E Las Animas St, Unit Cabin
942 E Las Animas StColorado Springs, CO 80903
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$8491 Bedroom Apartments Available Now
325 May Dr
325 May DrColorado Springs, CO 80905
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$849 - $979
Plus Fees
2 Bedroom Apartments Contact Us For AvailabilityRosewood Apartments
849 S Union BlvdColorado Springs, CO 80910
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$850 - $1,000
Plus Fees
1 Bedroom Apartments Available NowApplewood Apartments
505 E Arvada StColorado Springs, CO 80905
214 S Wahsatch Ave
Colorado SpringsCO80903
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Rent Specials
$902 - $1,702
Total Monthly Price12 Month Lease Term
1 to 3 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$899 - $1,699
Required Monthly Fees
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Sienna Place
1698 Lenmar DrColorado Springs, CO 80905
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$925 - $1,199
Total Monthly Price
2 Bedroom Apartments Available NowTotal Monthly Price
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$925 - $1,199
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Jasmine Springs
425-431 E Willamette AveColorado Springs, CO 80903
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Rent Specials
$929 - $1,279
Plus Fees12 Month Lease Term
2 Bedroom Apartments Contact Us For AvailabilityUnion Blvd Apartments
801 S Union BlvdColorado Springs, CO 80910
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$943 - $1,205
Plus Fees12 Month Lease Term
2 Bedroom Apartments Available NowTamarac
750 E Cheyenne RdColorado Springs, CO 80905
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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Rent Specials
$955 - $1,451
Plus Fees12 Month Lease Term
1 to 2 Bedroom Apartments Available NowArtspace Colorado Springs
315 E Costilla StColorado Springs, CO 80903
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$995
Plus Fees
1 Bedroom Apartments Available NowProspect Park
825 S Union BlvdColorado Springs, CO 80910
519 S El Paso St
Colorado SpringsCO80903
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$1,002
Plus Fees12 Month Lease Term
1 Bedroom Apartments Available NowThe Village at Homewood Point
907 E Colorado AveColorado Springs, CO 80903
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$1,092 - $1,404
Total Monthly Price12 Month Lease Term
Studio to 2 Bedroom Apartments Contact Us For AvailabilityTotal Monthly Price
Base Rent
$1,092 - $1,404
Total Monthly Price
$1,092 - $1,404
Sumner House
335 Victoria stColorado Springs, CO 80903
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$1,175
Total Monthly Price12 Month Lease Term
1 Bedroom Apartment Available Aug 1Total Monthly Price
Base Rent
$1,175
Total Monthly Price
$1,175
1015 Iowa Ave, Unit 3
1015 Iowa AveColorado Springs, CO 80909
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$1,1952 Bedroom Apartments Available Now
1719 E Kiowa St, Unit 1721 E. Kiowa St.
1719 E Kiowa StColorado Springs, CO 80909
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Rent Specials
$1,225 - $3,405
Total Monthly Price
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,225 - $3,405
Total Monthly Price
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Experience at Epicenter
655 S Sierra Madre StColorado Springs, CO 80903
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$1,2451 Bedroom Apartments Available Now
319-321 E Brookside St, Unit 31
319-321 E Brookside StColorado Springs, CO 80905
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$1,2501 Bedroom Apartments Available Aug 15
26 W Rio Grande St
26 W Rio Grande StColorado Springs, CO 80903
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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$1,270 - $2,801
Total Monthly Price
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,270 - $2,801
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VIM
322 E Vermijo AveColorado Springs, CO 80903
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$1,295 - $2,320
Total Monthly Price
1 to 3 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,295 - $2,320
Total Monthly Price
Varies
Chateau
355-355 S Union BlvdColorado Springs, CO 80910
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Studio to 2 Bedroom Apartments
The Bonfoy Apartments
112 Bonfoy AveColorado Springs, CO 80909
427-431 E Bijou St
Colorado SpringsCO80903
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Studio to 2 Bedroom Apartments
Meadows Pointe Apartments
233 E Arvada StColorado Springs, CO 80905
815 N Nevada Ave
Colorado SpringsCO80903
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Studio to 2 Bedroom Apartments
1505 E Kiowa St
1505-1511 E Kiowa StColorado Springs, CO 80909
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Studio to 3 Bedroom Apartments
SMI Sapphire Springs, LLC
221-225 E Brookside StColorado Springs, CO 80905
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Studio to 1 Bedroom Apartments
618 N Weber St
618 N Weber StColorado Springs, CO 80903
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Studio to 2 Bedroom Apartments
Park Bonfoy
129 Bonfoy AveColorado Springs, CO 80909
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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1 to 3 Bedroom Apartments
Hillside Pointe Apartments
905 Hillside Ridge PtColorado Springs, CO 80903
1411 S Corona Ave
Colorado SpringsCO80905
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Studio to 2 Bedroom Apartments
Southgate Commons
215-233 E Arvada StColorado Springs, CO 80905
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1 to 3 Bedroom Apartments
BG - SUMMIT VIEW APARTMENTS
1930 E Bijou StColorado Springs, CO 80909
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1 to 3 Bedroom Apartments
Parkmoor Apartments
1117-1125 E Saint Vrain StColorado Springs, CO 80903
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1 to 2 Bedroom Apartments
Ivywild Flats
316 E BrooksideColorado Springs, CO 80905
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Studio to 1 Bedroom Apartments
Midtown Apartments
214 S WahsatchColorado Springs, CO 80903
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Studio to 2 Bedroom Apartments
Brookside Apartments
418-432 E Brookside StColorado Springs, CO 80905
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1 to 2 Bedroom Apartments
Ivy at Cheyenne Creek
1801 S Cascade AveColorado Springs, CO 80905
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1 to 2 Bedroom Apartments
1602 S Wahsatch Ave
1602 S Wahsatch AveColorado Springs, CO 80905
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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Studio to 3 Bedroom Apartments
608 N Nevada Ave
608 N Nevada AveColorado Springs, CO 80903
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1 to 3 Bedroom Apartments
616 N Weber St
616 N Weber StColorado Springs, CO 80903
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1 Bedroom Apartments
306 N Cascade Ave
306 N Cascade AveColorado Springs, CO 80903
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Studio to 2 Bedroom Apartments
May Drive Apartments
305 May DrColorado Springs, CO 80905
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Studio to 2 Bedroom Apartments
Hearthstone Inn Apartments
506-514 N Cascade AveColorado Springs, CO 80903
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Studio to 3 Bedroom Apartments
Kalo Ivywild
402 Crestone LnColorado Springs, CO 80905
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2 Bedroom Apartments
2119 Preuss Rd
2119 Preuss RdColorado Springs, CO 80910
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Studio to 3 Bedroom Apartments
Cascade Park
624 N Cascade AveColorado Springs, CO 80903
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1 Bedroom Apartments
Bonfoy Apartments
110 Bonfoy AveColorado Springs, CO 80909
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1 to 2 Bedroom Apartments
Wyndam Place Senior Residence
725 S Weber StColorado Springs, CO 80903
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.
Downtown Colorado Springs, Colorado Springs, CO Local Guide
How much does it cost to rent an apartment in Downtown Colorado Springs?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Colorado Springs Studio Apartments | $1,614 | $800 | $2,800 |
| Downtown Colorado Springs 1 Bedroom Apartments | $1,814 | $795 | $3,798 |
| Downtown Colorado Springs 2 Bedroom Apartments | $2,365 | $849 | $4,268 |
| Downtown Colorado Springs 3 Bedroom Apartments | $2,737 | $1,500 | $4,055 |
| Downtown Colorado Springs 4 Bedroom Apartments | $3,800 | $3,800 | $3,800 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Apartments in this Neighborhood
There are currently 58 rentals with your search options within a 2 mile radius of the Downtown Colorado Springs Neighborhood of Colorado Springs, CO.
See all Apartments in Colorado SpringsExplore Colorado Springs
Downtown Colorado Springs, Colorado Springs, CO Local Guide
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Cheapest Available Downtown Colorado Springs Apartments for Rent
The cheapest available apartment rental in the Downtown Colorado Springs area of Colorado Springs, CO is a 2 Beds unit found at Rosewood Apartments priced from $849. Applewood Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $850. Here are the most affordable Downtown Colorado Springs apartments for rent in Colorado Springs, CO:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Rosewood Apartments | 2 Beds, 1 Baths | 2BR,1BA | $849 |
| Applewood Apartments | 1BR/1.0BA | 1BR,1BA | $850 |
| BG - SUMMIT VIEW APARTMENTS | 1BR/1.0BA | 1BR,1BA | $850 |
| Sienna Place | 1X1 | 1BR,1BA | $902 |
| Jasmine Springs | B1 | 2BR,1BA | $925 |
| Union Blvd Apartments | 2 Beds, 1 Baths | 2BR,1BA | $929 |
| Tamarac | 2x1 40% | 2BR,1BA | $943 |
| Artspace Colorado Springs | A3 | 1BR,1BA | $955 |
| Prospect Park | 1x1 | 1BR,1BA | $995 |
| The Village at Homewood Point | 1x1 50% | 1BR,1BA | $1,002 |
Best Value Apartments for Rent in Downtown Colorado Springs, CO
As of June 23, 2026 the best value apartment in the Downtown Colorado Springs area is the $1.47 price per square foot 2x2 60% Model at Shooks Run in the in the Downtown neighborhood starting from $1,467. The second greatest value Downtown Colorado Springs apartment is the 2 Beds, 1 Baths Model at Rosewood Apartments starting at $849 with a $0.94 price per square foot in the Memorial Park neighborhood. Here is today’s list of the best values for Downtown Colorado Springs apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Shooks Run | 2x2 60% | 2BR,2BA | $1.47 |
| Rosewood Apartments | 2 Beds, 1 Baths | 2BR,1BA | $0.94 |
| Union Blvd Apartments | 2 Beds, 1 Baths | 2BR,1BA | $1.03 |
| Wyndam Place Senior Residence | WCS2 2x1 50% | 2BR,1BA | $1.43 |
| Jasmine Springs | B1 | 2BR,1BA | $1.18 |
| Sienna Place | 1X1 | 1BR,1BA | $1.24 |
| Kalo Ivywild | KaloSolo | 1BR,1BA | $1.48 |
| Weidenhaft Mitchell Apartments | 1 Beds, 1 Baths | 1BR,1BA | $1.71 |
| Prospect Park | 1x1 | 1BR,1BA | $1.58 |
| BG - SUMMIT VIEW APARTMENTS | 1BR/1.0BA | 1BR,1BA | $1.70 |
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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Pet Friendly LifestyleDowntown Colorado Springs, Colorado Springs, CO
Ranked #9
Among cities in Colorado for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Lifestyle Ratings
ApartmentHomeLiving brings you our detailed rental search system called 'Lifestyle ratings', composed of rentals and neighborhoods across the USA, including Colorado Springs. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including filtering automatically for proximity to parks, luxury housing options, kid and pet-friendly communities, availability of transit options, and more. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!
Frequently Asked Questions about Cheap Downtown Colorado Springs Apartments
What is a cheap apartment in Downtown Colorado Springs?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown Colorado Springs is under $1,002.
What is the price of a cheap apartment in Downtown Colorado Springs?
The cheapest apartment in Downtown Colorado Springs is Applewood Apartments which is listed at $850, while the average apartment in Downtown Colorado Springs costs $3,800.
What types of apartments are the cheapest in Downtown 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 36 regular apartments in Downtown 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 Downtown Colorado Springs?
Cheap apartments in Downtown Colorado Springs have an average cost of $266 which is $3,534 cheaper than the average rent for all rentals in Downtown 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
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.
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.
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.
Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.