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$8001 Bedroom Apartments Available Now
208 Custer Ave, Unit Bedroom 2
208 Custer AveColorado Springs, CO 80903
Cheap Apartments for Rent in the Downtown Colorado Springs Neighborhood of Colorado Springs, CO from $500 (67 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown Colorado Springs area of Colorado Springs.
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Rent Specials
$825 - $1,125
Plus Fees12 Month Lease Term
1 to 3 Bedroom Apartments Available NowSienna Place
1698 Lenmar DrColorado Springs, CO 80905
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$8291 Bedroom Apartments Available Jun 2
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
Plus Fees12 Month Lease Term
1 Bedroom Apartments Available NowBG - SUMMIT VIEW APARTMENTS
1930 E Bijou StColorado Springs, CO 80909
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$850Studio Apartments Available Now
942 E Las Animas St, Unit Cabin
942 E Las Animas StColorado Springs, CO 80903
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$850
Total Monthly Price12 Month Lease Term
1 Bedroom Apartment Available NowTotal Monthly Price
Base Rent
$850
Total Monthly Price
$850
315 E St Vrain St, Unit #4, Unit #4
315 E St Vrain StColorado Springs, CO 80903
214 S Wahsatch Ave
Colorado SpringsCO80903
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$8991 Bedroom Apartments Available Jun 6
309 May Dr
309 May DrColorado Springs, CO 80905
1523 S Fountain St
Colorado SpringsCO80910
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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$908 - $1,161
Plus Fees12 Month Lease Term
2 Bedroom Apartments Available NowTamarac
750 E Cheyenne RdColorado Springs, CO 80905
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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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$966 - $1,161
Plus Fees12 Month Lease Term
1 to 2 Bedroom Apartments Available NowThe Village at Homewood Point
907 E Colorado AveColorado Springs, CO 80903
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$9792 Bedroom Apartments Available Now
2107 Preuss Rd, Unit B
2107 Preuss RdColorado Springs, CO 80910
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$979Studio Apartments Available Now
423 N Wahsatch Ave, Unit 6
423 N Wahsatch AveColorado Springs, CO 80903
20 N Corona St
Colorado SpringsCO80903
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$9951 Bedroom Apartments Available Now
319 E Brookside St, Unit 15
319 E Brookside StColorado Springs, CO 80905
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$995 - $1,250
Plus Fees
1 to 2 Bedroom Apartments Available NowProspect Park
825 S Union BlvdColorado Springs, CO 80910
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$9992 Bedroom Apartments Available May 11
2107 Preuss Rd, Unit D
2107 Preuss RdColorado Springs, CO 80910
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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
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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Rent Specials
$1,180 - $4,125
Total Monthly Price
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,180 - $4,125
Total Monthly Price
Varies
Experience at Epicenter
655 S Sierra Madre StColorado Springs, CO 80903
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$1,191 - $1,519
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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Rent Specials
$1,205 - $2,670
Total Monthly Price
Studio to 1 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,150 - $2,615
Required Monthly Fees
Varies
Total Monthly Price
Varies
532 CO
532 W Colorado AveColorado Springs, CO 80905
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$1,2251 Bedroom Apartments Available Jul 9
423 N Wahsatch Ave, Unit 4
423 N Wahsatch AveColorado Springs, CO 80903
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$1,250 - $2,801
Total Monthly Price
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,250 - $2,801
Total Monthly Price
Varies
VIM
322 E Vermijo AveColorado Springs, CO 80903
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Rent Specials
$1,278 - $6,216
Total Monthly Price
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,224 - $6,162
Required Monthly Fees
Varies
Total Monthly Price
Varies
The Plaza at Pikes Peak
710 E Pikes Peak AveColorado Springs, CO 80903
430 W Pikes Peak Ave
Colorado SpringsCO80905
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$1,295 - $2,495
Total Monthly Price
1 to 3 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,295 - $2,495
Total Monthly Price
$1,295 - $2,495
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
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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Studio to 2 Bedroom Apartments
Meadows Pointe Apartments
233 E Arvada StColorado Springs, CO 80905
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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 2 Bedroom Apartments
Southgate Commons
215-233 E Arvada StColorado Springs, CO 80905
815 N Nevada Ave
Colorado SpringsCO80903
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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
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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 1 Bedroom Apartments
Applewood Apartments
505 E Arvada StColorado 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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1 to 3 Bedroom Apartments
Parkmoor Apartments
1117-1125 E Saint Vrain StColorado Springs, CO 80903
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Studio to 1 Bedroom Apartments
Midtown Apartments
214 S WahsatchColorado 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 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
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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
Aspen Creek
319-321 E Brookside StColorado Springs, CO 80905
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1 to 2 Bedroom Apartments
Jasmine Springs
425-431 E Willamette AveColorado Springs, CO 80903
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
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 | $1,568 | $850 | $2,800 |
| Downtown Colorado Springs 1 Bedroom Apartments | $1,736 | $800 | $3,798 |
| Downtown Colorado Springs 2 Bedroom Apartments | $2,418 | $849 | $4,268 |
| Downtown Colorado Springs 3 Bedroom Apartments | $2,875 | $1,313 | $4,625 |
| 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 67 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
- Nearby Colorado Springs neighborhoods
- Nearby Cities
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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. BG - SUMMIT VIEW 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 |
| BG - SUMMIT VIEW APARTMENTS | 1BR/1.0BA | 1BR,1BA | $850 |
| Tamarac | 2x1 40% | 2BR,1BA | $908 |
| Jasmine Springs | 2 Bedroom, 1 Bath | 2BR,1BA | $925 |
| Union Blvd Apartments | 2 Beds, 1 Baths | 2BR,1BA | $929 |
| Kalo Ivywild | KaloUnity | Studio,1BA | $956 |
| The Village at Homewood Point | 1x1 50% | 1BR,1BA | $966 |
| Cascade Park | Studio | Studio,1BA | $975 |
| Prospect Park | 1x1 | 1BR,1BA | $995 |
Best Value Apartments for Rent in Downtown Colorado Springs, CO
As of May 09, 2026 the best value apartment in the Downtown Colorado Springs area is the $1.42 price per square foot 2x2 60% Model at Shooks Run in the in the Downtown neighborhood starting from $1,414. 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Shooks Run | 2x2 60% | 2BR,2BA | $1.42 |
| Union Blvd Apartments | 2 Beds, 1 Baths | 2BR,1BA | $1.03 |
| Rosewood Apartments | 2 Beds, 1 Baths | 2BR,1BA | $0.94 |
| Jasmine Springs | 2 Bedroom, 1 Bath | 2BR,1BA | $1.18 |
| Tamarac | 2x1 50% | 2BR,1BA | $1.71 |
| Prospect Park | 1x1 | 1BR,1BA | $1.58 |
| The Village at Homewood Point | 1x1 50% | 1BR,1BA | $1.67 |
| Southgate Commons | 1BR/1.0BA | 1BR,1BA | $1.48 |
| Kalo Ivywild | KaloUnity | Studio ,1BA | $1.89 |
| 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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If you’re an expert on all things Downtown Colorado Springs, tell us what you love (and don't) by rating it and writing a review.
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Pet Friendly LifestyleDowntown Colorado Springs, Colorado Springs, CO
Ranked #10
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 $995.
What is the price of a cheap apartment in Downtown Colorado Springs?
The cheapest apartment in Downtown Colorado Springs is BG - SUMMIT VIEW 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 74 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 $337 which is $3,463 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.
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.