
Cheap 1 Bedroom Apartments for Rent in the Downtown Neighborhood of Colorado Springs, CO from $799 (45 Rentals)


208 Custer Ave, Unit Bedroom 2

208 Custer Ave

Summit View Luxury Apartments

403 N Wahsatch Ave

1523 S Fountain St

732 N Royer St

Village at Homewood Pointe

Prospect Park
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.

1810 Woodburn St

319 E Brookside St, Unit 15

Total Monthly Price
Sumner House

Artspace Colorado Springs

Total Monthly Price
532 CO

637 E Willamette Ave, Unit 4

Total Monthly Price
Chateau

Meadows Pointe Apartments

Southgate Commons
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.

Hillside Pointe Apartments

Applewood Apartments

Parkmoor Apartments

427-431 E Bijou St

Ivywild Flats

Ivy at Cheyenne Creek

1602 S Wahsatch Ave

616 N Weber St

1505 E Kiowa St
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.

Aspen Creek

306 N Cascade Ave

Park Bonfoy

608 N Nevada Ave

809 S Hancock Ave

732 S Royer St

618 N Weber St

Kalo Ivywild

Bonfoy Apartments
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

Hearthstone Inn Apartments

912 1/2 E Cimarron St

611-615 Cascade Avenue

833 E Platte Ave

Brookside Apartments

Glenpond Apartments

410 E Dale St

415 S Weber St

2 E. Boulder
The Art of the Rental Viewing: What to look for during a property tour
Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.
Downtown, Colorado Springs, CO Local Guide

How much does it cost to rent an apartment in Downtown?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Downtown Studio Apartments | $1,551 | $850 | $2,800 |
Downtown 1 Bedroom Apartments | $1,726 | $799 | $3,796 |
| Downtown 2 Bedroom Apartments | $2,409 | $849 | $4,268 |
| Downtown 3 Bedroom Apartments | $2,935 | $1,313 | $4,452 |
| Downtown 4 Bedroom Apartments | $3,800 | $3,800 | $3,800 |
Explore Colorado Springs
Frequently Asked Questions about Cheap Downtown Apartments
What is a cheap apartment in Downtown?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Downtown is under $1,099.
What is the price of a cheap apartment in Downtown?
The cheapest apartment in Downtown is Southgate Commons which is listed at $729, while the average apartment in Downtown costs $3,800.
What types of apartments are the cheapest in Downtown?
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 76 regular apartments in Downtown 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?
Cheap apartments in Downtown have an average cost of $328 which is $3,472 cheaper than the average rent for all rentals in Downtown.
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.

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.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.