Cheap Homes for Rent in Downtown Colorado Springs Neighborhood of Colorado Springs, CO from $600 (10 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

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

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.

Read Article

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

Read Article
Showing Results 1-10, Page 1 of 1

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. Sienna Place has the second lowest priced unit, which is a 1 Bed apartment currently listed from $899. 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
Sienna Place1X11BR,1BA$899
Rosewood Apartments2 Beds, 1 Baths2BR,1BA$899

Best Value Apartments for Rent in Downtown Colorado Springs, CO

As of August 04, 2025 the best value apartment in the Downtown Colorado Springs area is the $1.53 price per square foot 3 Bedrooms, 2 Bath Model at Chateau Apartments in the in the Knob Hill neighborhood starting from $2,495. 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.
Chateau Apartments3 Bedrooms, 2 Bath3BR,2BA$1.53
Union Blvd Apartments2 Beds, 1 Baths2BR,1BA$1.03
Rosewood Apartments2 Beds, 1 Baths2BR,1BA$1.00
Jasmine Springs2 Bed 1 Bath2BR,1BA$1.45
903 Boggs Pl, Unit B903 Boggs Pl2BR,1BA$1.49
Park BonfoyA31BR,1BA$1.54
The Village at Homewood Point2x1 50%2BR,1BA$1.57
Sienna Place2X12BR,1BA$1.37
Shooks Run1x1 40%1BR,1BA$1.08
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.

decorative image of people with a giant lease agreement

Frequently Asked Questions about Downtown Colorado Springs

What type of rentals are currently available in Downtown Colorado Springs?

There are currently 249 Apartments for Rent in Downtown Colorado Springs, CO with pricing that ranges from $749 to $4,268. There are also 61 Single Family Homes for rent, Condos, and Townhome rentals currently available in Downtown Colorado Springs ranging from $600 to $3,395.

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 $600 to $3,395 with an average monthly rent of $1,895.

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.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

decorative image for Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting article

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

decorative image for Roommate Matching: Finding the Right Fit and Avoiding Pitfalls article

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.