418 Brookside St
Colorado SpringsCO80905
Cheap Apartments for Rent in the Downtown Neighborhood of Colorado Springs, CO from $500 (58 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown area of Colorado Springs.
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from $8492 Bedroom Apartments Available Now
Rosewood Apartments
849 S Union BlvdColorado Springs, CO 80910
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from $880Studio to 1 Bedroom Apartments Available Now
Applewood Apartments
505 E Arvada StColorado Springs, CO 80905
311 Brookside St
Colorado SpringsCO80905
319 May Dr
Colorado SpringsCO80905
420 Brookside St
Colorado SpringsCO80905
1523 S Fountain St
Colorado SpringsCO80910
821 S Logan Ave
Colorado SpringsCO80910
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Rent Specials
from $9221 to 2 Bedroom Apartments Available Now
The Village at Homewood Point
907 E Colorado AveColorado Springs, CO 80903
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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Rent Specials
from $9292 Bedroom Apartments Available Now
Union Blvd Apartments
801 S Union BlvdColorado Springs, CO 80910
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from $962Studio to 3 Bedroom Apartments Available Now
Elevate Apartment Homes
402 Crestone LnColorado Springs, CO 80905
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323 May Dr
Colorado SpringsCO80905
329 E Dale St
Colorado SpringsCO80903
20 N Corona St
Colorado SpringsCO80903
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from $995Studio to 2 Bedroom Apartments Available Now
Park Bonfoy
129 Bonfoy AveColorado Springs, CO 80909
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from $9991 to 3 Bedroom Apartments Available Now
Sienna Place
1698 Lenmar DrColorado Springs, CO 80905
107 E Motor Way
Colorado SpringsCO80905
430 Brookside St
Colorado SpringsCO80905
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
47 W Brookside St
Colorado SpringsCO80905
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from $1,1502 Bedroom Apartments Available Jul 9
825 S Logan Ave
825 S Logan AveColorado Springs, CO 80910
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from $1,150Studio to 2 Bedroom Apartments Available Now
VIM
322 E Vermijo AveColorado Springs, CO 80903
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from $1,159Studio to 2 Bedroom Apartments Available Now
833 E Platte Ave
833 E Platte AveColorado Springs, CO 80903
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from $1,186Studio to 2 Bedroom Apartments Contact Us For Availability
Sumner House
335 Victoria stColorado Springs, CO 80903
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from $1,1951 to 2 Bedroom Apartments Available Now
Jasmine Springs
425-431 E Willamette AveColorado Springs, CO 80903
913 S Prospect St
Colorado SpringsCO80903
252 Writers Way
Colorado SpringsCO80903
730 Swope Ave
Colorado SpringsCO80909
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Rent Specials
from $1,265Studio to 2 Bedroom Apartments Available Now
Experience at Epicenter
655 S Sierra Madre StColorado Springs, CO 80903
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.
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from $1,298Studio to 1 Bedroom Apartments Available Now
532 CO
532 W Colorado AveColorado Springs, CO 80905
716 E Boulder St
Colorado SpringsCO80903
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Smart Renter's Guide: Calculating Affordable Rent & Housing Costs
Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.
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Navigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
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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 | $1,550 | $749 | $2,800 |
| Downtown 1 Bedroom Apartments | $1,827 | $825 | $3,048 |
| Downtown 2 Bedroom Apartments | $2,263 | $849 | $4,859 |
| Downtown 3 Bedroom Apartments | $2,733 | $1,550 | $4,164 |
Browse Apartments in this Neighborhood
There are currently 58 rentals with your search options within a 2 mile radius of the Downtown Neighborhood of Colorado Springs, CO.
See all Apartments in Colorado SpringsExplore Colorado Springs
Downtown, Colorado Springs, CO Local Guide
- Nearby Colorado Springs neighborhoods
- Nearby Cities
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Cheapest Available Downtown Apartments for Rent
The cheapest available apartment rental in the Downtown area of Colorado Springs, CO is a 1 Bed unit found at Shooks Run priced from $768. Applewood Apartments has the second lowest priced unit, which is a Studio apartment currently listed from $880. Here are the most affordable Downtown apartments for rent in Colorado Springs, CO:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Shooks Run | 1x1 40% | 1BR,1BA | $768 |
| Applewood Apartments | Studio | Studio,1BA | $880 |
| Rosewood Apartments | 2 Beds, 1 Baths | 2BR,1BA | $899 |
| Tamarac | 2x1 40% | 2BR,1BA | $922 |
| Union Blvd Apartments | 2 Beds, 1 Baths | 2BR,1BA | $929 |
| Elevate Apartment Homes | KaloUnity | Studio,1BA | $962 |
| The Village at Homewood Point | 1x1 50% | 1BR,1BA | $979 |
| Prospect Park | 1x1 | 1BR,1BA | $995 |
| Sienna Place | 1X1 | 1BR,1BA | $999 |
| 833 E Platte Ave | The Cosmo | Studio,1BA | $1,159 |
Best Value Apartments for Rent in Downtown, CO
As of June 09, 2025 the best value apartment in the Downtown area is the $1.65 price per square foot 3 Bedrooms, 2 Bath Model at Chateau Apartments in the in the Memorial Park neighborhood starting from $2,695. The second greatest value Downtown 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 Patty Jewett neighborhood. Here is today’s list of the best values for Downtown apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Chateau Apartments | 3 Bedrooms, 2 Bath | 3BR,2BA | $1.65 |
| Union Blvd Apartments | 2 Beds, 1 Baths | 2BR,1BA | $1.03 |
| Rosewood Apartments | 2 Beds, 1 Baths | 2BR,1BA | $1.00 |
| Jasmine Springs | 2 Bed 1 Bath | 2BR,1BA | $1.52 |
| Park Bonfoy | A3 | 1BR,1BA | $1.67 |
| Sienna Place | 2X1 | 2BR,1BA | $1.41 |
| Shooks Run | 1x1 40% | 1BR,1BA | $1.08 |
| Homewood Point Apartments | One Bedroom | 1BR,1BA | $1.01 |
| Prospect Park | 1x1 | 1BR,1BA | $1.58 |
| The Village at Homewood Point | 1x1 50% | 1BR,1BA | $1.69 |
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.
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Pet Friendly LifestyleDowntown, Colorado Springs, CO
Ranked #17
Among neighborhoods in Colorado Springs, CO for Apartment listings with Pet Friendly Amenities
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Lifestyle Ratings
ApartmentHomeLiving brings you Lifestyle Ratings of rentals in cities across the United States including Downtown, Colorado Springs, and the greater Colorado Springs area. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including rankings of the best places for easy access to the parks, luxury amenities, family-friendly amenities, raising pets, transit options, and other valuable search options. These search options are in the site filters at the top of this page.
Frequently Asked Questions about Cheap Downtown Apartments
What is the Cheapest Studio apartment in Downtown?
Currently the most affordable Cheap Studio Apartment in Downtown is at Applewood Apartments listed at $880.
How much is rent for a Cheap One Bedroom Downtown Apartment?
The lowest price for a Cheap One Bedroom Downtown Apartment is $768 at Shooks Run.
What is the lowest price for a Cheap Two Bedroom Downtown Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Downtown is starting from $899 at Rosewood Apartments.
What is the most affordable Downtown Three Bedroom Apartment?
The best deal on a cheap Downtown Three Bedroom Apartment rental is at Elevate Apartment Homes and starts from $1,656.
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.
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.
The Art of the Rental Viewing: What to look for during a property tour
Written by: Marie Brown
You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.
Know Your Budget: Calculating What You Can Realistically Afford When Renting
Written by: Lauren Harrington
Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.
The Freedom of Short-Term Leases: Exploring the Advantages for Renters
Written by: Bobbi Jackson
If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.