
Cheap Homes for Rent in the Downtown Colorado Springs Neighborhood of Colorado Springs, CO from $550 (18 Rentals)
Search the lowest-cost Homes available for rent right now in the Downtown Colorado Springs area of Colorado Springs.


427-431 E Bijou St

815 N Nevada Ave

1411 S Corona Ave

326 E St Vrain St

1520 E Pikes Peak Ave
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

315 May Dr

621 Cooper Ave

604 N Weber St, Unit 7

215 E Dale St

537 E Platte Ave

511 1/2 Swope Ave
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.

319-321 E Brookside St, Unit 34

17 N Meade Ave

511 E Platte Ave

2110 Salt Dr

511 E Cache La Poudre St

238 N Prospect St
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.
Downtown Colorado Springs, Colorado Springs, CO Local Guide

How much does it cost to rent a home in Downtown Colorado Springs?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Colorado Springs 2 Bedroom Homes for Rent | $1,744 | $737 | $4,000 |
| Downtown Colorado Springs 3 Bedroom Homes for Rent | $2,107 | $1,600 | $2,675 |
| Downtown Colorado Springs 4 Bedroom Homes for Rent | $2,497 | $2,095 | $2,900 |
Browse Homes for Rent in this Neighborhood
There are currently 18 rentals with your search options within a 2 mile radius of the Downtown Colorado Springs Neighborhood of Colorado Springs, CO.
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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 Studio unit found at 409 N. Cascade Avenue priced from $650. BG - SUMMIT VIEW APARTMENTS has the second lowest priced unit, which is a 1 Bed apartment currently listed from $795. Here are the most affordable Downtown Colorado Springs apartments for rent in Colorado Springs, CO:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 409 N. Cascade Avenue | 0BR/1.0BA | Studio,1BA | $650 |
| BG - SUMMIT VIEW APARTMENTS | 1BR/1.0BA | 1BR,1BA | $795 |
| Rosewood Apartments | 2 Beds, 1 Baths | 2BR,1BA | $849 |
| Sienna Place | 1X1 | 1BR,1BA | $853 |
| Cascade Park | Studio | Studio,1BA | $895 |
Best Value Apartments for Rent in Downtown Colorado Springs, CO
As of August 24, 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 |
| 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 |
| 803 E Kiowa St, Unit 4 | 803 E Kiowa St | 1BR,1BA | $1.60 |
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.
Pet Friendly LifestyleDowntown Colorado Springs, Colorado Springs, CO
Ranked #13
Among cities in Colorado for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Frequently Asked Questions about Downtown Colorado Springs
What type of rentals are currently available in Downtown Colorado Springs?
There are currently 253 Apartments for Rent in Downtown Colorado Springs, CO with pricing that ranges from $789 to $4,420. There are also 57 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Colorado Springs ranging from $550 to $4,000.
What is the current price range for Rental Homes in Downtown Colorado Springs?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Downtown Colorado Springs ranges from $550 to $4,000 with an average monthly rent of $1,707.
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.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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.