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$795
Plus Fees12 Month Lease Term
1 Bedroom Apartments Available NowBG - SUMMIT VIEW APARTMENTS
1930 E Bijou StColorado Springs, CO 80909
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.
225 E Brookside St
Colorado SpringsCO80905
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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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$849 - $979
Plus Fees
2 Bedroom Apartments Contact Us For AvailabilityRosewood Apartments
849 S Union BlvdColorado Springs, CO 80910
214 S Wahsatch Ave
Colorado SpringsCO80903
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Rent Specials
$902 - $1,202
Total Monthly Price12 Month Lease Term
1 to 3 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$899 - $1,199
Required Monthly Fees
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Sienna Place
1698 Lenmar DrColorado Springs, CO 80905
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Rent Specials
$925 - $1,250
Total Monthly Price
2 Bedroom Apartments Available NowTotal Monthly Price
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$925 - $1,250
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Varies
Jasmine Springs
425-431 E Willamette AveColorado Springs, CO 80903
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$943 - $1,205
Plus Fees12 Month Lease Term
2 Bedroom Apartments Available NowTamarac
750 E Cheyenne RdColorado Springs, CO 80905
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$9501 Bedroom Apartments Available Sep 18
315 May Dr
315 May DrColorado Springs, CO 80905
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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
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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$980Studio Apartments Available Now
423 N Wahsatch Ave, Unit 6
423 N Wahsatch AveColorado Springs, CO 80903
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$989 - $1,000
Plus Fees
1 Bedroom Apartments Available NowApplewood Apartments
505 E Arvada StColorado Springs, CO 80905
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$995
Plus Fees
1 Bedroom Apartments Available NowProspect Park
825 S Union BlvdColorado Springs, CO 80910
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$1,002 - $1,205
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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$1,0451 Bedroom Apartments Available Oct 9
604 N Weber St, Unit 7
604 N Weber StColorado Springs, CO 80903
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$1,0492 Bedroom Apartments Available Now
311 May Dr
311 May DrColorado Springs, CO 80905
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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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Rent Specials
$1,240 - $3,910
Plus Fees
Studio to 2 Bedroom Apartments Available NowExperience at Epicenter
655 S Sierra Madre StColorado Springs, CO 80903
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$1,2501 Bedroom Apartments Available Now
319-321 E Brookside St, Unit 22
319-321 E Brookside StColorado Springs, CO 80905
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Rent Specials
$1,279 - $2,751
Total Monthly Price
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,279 - $2,751
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VIM
322 E Vermijo AveColorado Springs, CO 80903
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.
1118 E Platte Ave
Colorado SpringsCO80903
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$1,295 - $2,320
Total Monthly Price
1 to 3 Bedroom Apartments Available NowTotal Monthly Price
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$1,295 - $2,320
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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
211 Swope Ave
Colorado SpringsCO80909
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
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Studio to 3 Bedroom Apartments
SMI Sapphire Springs, LLC
221-225 E Brookside 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 2 Bedroom Apartments
Southgate Commons
215-233 E Arvada StColorado Springs, CO 80905
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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Studio to 1 Bedroom Apartments
618 N Weber St
618 N Weber StColorado Springs, CO 80903
1411 S Corona Ave
Colorado SpringsCO80905
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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
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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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Studio to 3 Bedroom Apartments
608 N Nevada Ave
608 N Nevada AveColorado 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.
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1 to 2 Bedroom Apartments
1602 S Wahsatch Ave
1602 S Wahsatch AveColorado Springs, CO 80905
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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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2 Bedroom Apartments
Union Blvd Apartments
801 S Union BlvdColorado Springs, CO 80910
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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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1 Bedroom Apartments
33 W Willamette Ave
33 W Willamette AveColorado Springs, CO 80903
828 1/2 E Cache La Poudre St
Colorado SpringsCO80903
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.
Showing Results 1-50, Page 1 of 2
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 | $1,625 | $800 | $2,800 |
| Downtown Colorado Springs 1 Bedroom Apartments | $1,795 | $789 | $3,798 |
| Downtown Colorado Springs 2 Bedroom Apartments | $2,280 | $849 | $4,290 |
| Downtown Colorado Springs 3 Bedroom Apartments | $2,979 | $1,400 | $4,058 |
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
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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 1 Bed unit found at BG - SUMMIT VIEW APARTMENTS priced from $795. Southgate Commons has the second lowest priced unit, which is a 1 Bed apartment currently listed from $799. Here are the most affordable Downtown Colorado Springs apartments for rent in Colorado Springs, CO:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| BG - SUMMIT VIEW APARTMENTS | 1BR/1.0BA | 1BR,1BA | $795 |
| Southgate Commons | 1 Bedroom - No Balcony | 1BR,1BA | $799 |
| Rosewood Apartments | 2 Beds, 1 Baths | 2BR,1BA | $849 |
| Sienna Place | 1X1 | 1BR,1BA | $902 |
| Jasmine Springs | B1 | 2BR,1BA | $925 |
| Tamarac | 2x1 40% | 2BR,1BA | $943 |
| Artspace Colorado Springs | A3 | 1BR,1BA | $955 |
| Kalo Ivywild | KaloUnity | Studio,1BA | $956 |
| Applewood Apartments | 1BR/1.0BA | 1BR,1BA | $989 |
| Prospect Park | 1x1 | 1BR,1BA | $995 |
Best Value Apartments for Rent in Downtown Colorado Springs, CO
As of August 08, 2026 the best value apartment in the Downtown Colorado Springs area is the $1.21 price per square foot 2x2 50% Model at Shooks Run in the in the Downtown neighborhood starting from $1,205. 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 50% | 2BR,2BA | $1.21 |
| Rosewood Apartments | 2 Beds, 1 Baths | 2BR,1BA | $0.94 |
| Artspace Colorado Springs | B1 | 2BR,2BA | $1.80 |
| Jasmine Springs | B1 | 2BR,1BA | $1.18 |
| The Village at Homewood Point | 2x1 50% | 2BR,1BA | $1.61 |
| Sienna Place | 2X1 | 2BR,1BA | $1.38 |
| Homewood Point Apartments | 1BR/1.0BA | 1BR,1BA | $1.14 |
| Tamarac | 2x1 50% | 2BR,1BA | $1.77 |
| Prospect Park | 1x1 | 1BR,1BA | $1.58 |
| BG - SUMMIT VIEW APARTMENTS | 1BR/1.0BA | 1BR,1BA | $1.59 |
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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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 #12
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 $795, while the average apartment in Downtown Colorado Springs costs $1,729.
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 26 regular apartments in Downtown Colorado Springs that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
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.
Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.
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.