Cheap Apartments for Rent in the Downtown Colorado Springs Neighborhood of Colorado Springs, CO from $500 (53 Rentals)

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

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VIM
Rent Specials
from $1,127Studio to 2 Bedroom Apartments Available Now

VIM

322 E Vermijo AveColorado Springs, CO 80903
Pet Friendly
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The Bonfoy Apartments
Studio to 2 Bedroom Apartments

The Bonfoy Apartments

112 Bonfoy AveColorado Springs, CO 80909
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1505 E Kiowa St
Studio Apartments

1505 E Kiowa St

1505-1511 E Kiowa StColorado Springs, CO 80909
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618 N Weber St
Studio to 1 Bedroom Apartments

618 N Weber St

618 N Weber StColorado Springs, CO 80903
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Shooks Run
1 Bedroom Apartments

Shooks Run

842 S Royer StColorado Springs, CO 80903
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Ivywild Flats
1 to 2 Bedroom Apartments

Ivywild Flats

316 E BrooksideColorado Springs, CO 80905
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1602 S Wahsatch Ave
1 Bedroom Apartments

1602 S Wahsatch Ave

1602 S Wahsatch AveColorado Springs, CO 80905
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616 N Weber St
1 Bedroom Apartments

616 N Weber St

616 N Weber StColorado Springs, CO 80903
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Aspen Creek
1 Bedroom Apartments

Aspen Creek

319-321 E Brookside StColorado Springs, CO 80905
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The Woods Apartments
1 Bedroom Apartments

The Woods Apartments

215-233 E Arvada StColorado Springs, CO 80905
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608 N Nevada Ave
1 Bedroom Apartments

608 N Nevada Ave

608 N Nevada AveColorado Springs, CO 80903
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Cascade Park
Studio to 1 Bedroom Apartments

Cascade Park

624 N Cascade AveColorado Springs, CO 80903
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Boulder Crescent
Studio to 3 Bedroom Apartments

Boulder Crescent

30 Boulder Crescent StColorado Springs, CO 80903
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Prospect Park
1 to 2 Bedroom Apartments

Prospect Park

825 S Union BlvdColorado Springs, CO 80910
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Bonfoy Apartments
1 Bedroom Apartments

Bonfoy Apartments

110 Bonfoy AveColorado Springs, CO 80909
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Parkmoor Apartments
2 Bedroom Apartments

Parkmoor Apartments

1117-1125 E Saint Vrain StColorado Springs, CO 80903
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Sumner House
Studio to 2 Bedroom Apartments

Sumner House

335 Victoria stColorado Springs, CO 80903
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Brookside Apartments
1 Bedroom Apartments

Brookside Apartments

418-432 E Brookside StColorado Springs, CO 80905
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Glenpond Apartments
1 to 2 Bedroom Apartments

Glenpond Apartments

1702 Lorraine StColorado Springs, CO 80905
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2 E. Boulder
1 to 3 Bedroom Apartments

2 E. Boulder

2 E Boulder StColorado Springs, CO 80903
Showing Results 1-50, Page 1 of 2

Downtown Colorado Springs, Colorado Springs, CO Local Guide

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 1 Bed unit found at Shooks Run priced from $768. Applewood Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $880. Here are the most affordable Downtown Colorado Springs apartments for rent in Colorado Springs, CO:

Apartment ListingModel NameBed/BathPriced From
Shooks Run1x1 40%1BR,1BA$768
Applewood ApartmentsStudioStudio,1BA$880
Sienna Place1X11BR,1BA$899
Rosewood Apartments2 Beds, 1 Baths2BR,1BA$899
The Village at Homewood Point2x1 40%2BR,1BA$922
Union Blvd Apartments2 Beds, 1 Baths2BR,1BA$929
Tamarac1x1 50%1BR,1BA$979
Prospect Park1x11BR,1BA$995
Park BonfoyA21BR,1BA$995
VIMAllegro 3Studio,1BA$1,127

Best Value Apartments for Rent in Downtown Colorado Springs, CO

As of July 12, 2025 the best value apartment in the Downtown Colorado Springs area is the $1.55 price per square foot KaloTrio Model at Elevate Apartment Homes in the in the Downtown neighborhood starting from $1,670. The second greatest value Downtown Colorado Springs apartment is the 2 Beds, 1 Baths Model at Union Blvd Apartments starting at $929 with a $1.03 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 ListingModel NameBed/BathPrice Per Sq.Ft.
Elevate Apartment HomesKaloTrio3BR,2BA$1.55
Union Blvd Apartments2 Beds, 1 Baths2BR,1BA$1.03
Rosewood Apartments2 Beds, 1 Baths2BR,1BA$1.00
Jasmine Springs2 Bed 1 Bath2BR,1BA$1.52
Park BonfoyA31BR,1BA$1.55
The Village at Homewood Point2x1 50%2BR,1BA$1.57
Sienna Place2X12BR,1BA$1.37
Shooks Run1x1 40%1BR,1BA$1.08
Homewood Point ApartmentsOne Bedroom1BR,1BA$1.01
Prospect Park1x11BR,1BA$1.58

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.

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Pet Friendly Lifestyle
Downtown Colorado Springs, Colorado Springs, CO

Ranked #10

Among neighborhoods in Colorado Springs, CO for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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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!

Getting Around the Downtown Colorado Springs Neighborhood in Colorado Springs, CO

Walk Score®

75 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

79 / 100

Very Bikeable

Biking is convenient for most trips

Transit Score®

53 / 100

Good Transit

Many nearby public transportation options

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Downtown Colorado Springs Apartments

What is the Cheapest Studio apartment in Downtown Colorado Springs?

Currently the most affordable Cheap Studio Apartment in Downtown Colorado Springs is at Applewood Apartments listed at $880.

How much is rent for a Cheap One Bedroom Downtown Colorado Springs Apartment?

The lowest price for a Cheap One Bedroom Downtown Colorado Springs Apartment is $768 at Shooks Run.

What is the lowest price for a Cheap Two Bedroom Downtown Colorado Springs Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Downtown Colorado Springs is starting from $899 at Rosewood Apartments.

What is the most affordable Downtown Colorado Springs Three Bedroom Apartment?

The best deal on a cheap Downtown Colorado Springs Three Bedroom Apartment rental is at Elevate Apartment Homes and starts from $1,670.

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.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.