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$800Studio Apartments Available Now
942 E Las Animas St, Unit Cabin
942 E Las Animas StColorado Springs, CO 80903
Cheap Apartments for Rent in the Downtown Neighborhood of Colorado Springs, CO from $500 (75 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown area of Colorado Springs.
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$8291 Bedroom Apartments Available Now
325 May Dr
325 May DrColorado Springs, CO 80905
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$849 - $979
Plus Fees
2 Bedroom Apartments Contact Us For AvailabilityRosewood Apartments
849 S Union BlvdColorado Springs, CO 80910
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$850 - $1,199
Plus Fees
2 Bedroom Apartments Available NowJasmine Springs
425-431 E Willamette AveColorado Springs, CO 80903
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$850
Plus Fees
1 Bedroom Apartments Contact Us For AvailabilityApplewood Apartments
505 E Arvada StColorado Springs, CO 80905
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Rent Specials
$853 - $1,702
Total Monthly Price12 Month Lease Term
1 to 3 Bedroom Apartments Available NowTotal Monthly Price
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$850 - $1,699
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Sienna Place
1698 Lenmar DrColorado Springs, CO 80905
214 S Wahsatch Ave
Colorado SpringsCO80903
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Rent Specials
$929 - $1,279
Plus Fees12 Month Lease Term
2 Bedroom Apartments Contact Us For AvailabilityUnion Blvd Apartments
801 S Union BlvdColorado Springs, CO 80910
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$943 - $1,205
Plus Fees12 Month Lease Term
2 Bedroom Apartments Available NowTamarac
750 E Cheyenne RdColorado Springs, CO 80905
20 N Corona 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.
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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
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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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$1,092 - $1,404
Total Monthly Price12 Month Lease Term
Studio to 2 Bedroom Apartments Contact Us For AvailabilityTotal Monthly Price
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$1,092 - $1,404
Total Monthly Price
$1,092 - $1,404
Sumner House
335 Victoria stColorado Springs, CO 80903
519 S El Paso St
Colorado SpringsCO80903
225 E Brookside St
Colorado SpringsCO80905
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$1,107 - $2,801
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Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,107 - $2,801
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VIM
322 E Vermijo AveColorado Springs, CO 80903
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$1,180 - $3,280
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Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,180 - $3,280
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Experience at Epicenter
655 S Sierra Madre StColorado Springs, CO 80903
912 S Cascade Ave
Colorado SpringsCO80903
430 W Pikes Peak Ave
Colorado SpringsCO80905
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.
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$1,2251 Bedroom Apartments Available Jul 3
423 N Wahsatch Ave, Unit 4
423 N Wahsatch AveColorado Springs, CO 80903
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$1,2451 Bedroom Apartments Available Now
319-321 E Brookside St, Unit 31
319-321 E Brookside StColorado Springs, CO 80905
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$1,2501 Bedroom Apartments Available Aug 5
26 W Rio Grande St
26 W Rio Grande StColorado Springs, CO 80903
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$1,295 - $2,495
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1 to 3 Bedroom Apartments Available NowTotal Monthly Price
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$1,295 - $2,495
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Chateau
355-355 S Union BlvdColorado Springs, CO 80910
2101 E Willamette Ave
Colorado SpringsCO80909
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$1,308 - $3,048
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Studio to 1 Bedroom Apartments Available NowTotal Monthly Price
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$1,253 - $2,993
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532 CO
532 W Colorado AveColorado Springs, CO 80905
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$1,308 - $2,898
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Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,240 - $2,830
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Ensley
505 S Weber StColorado Springs, CO 80903
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$1,3133 Bedroom Apartments Available Now
903 Boggs Pl, Unit A
903 Boggs PlColorado Springs, CO 80910
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$1,3501 Bedroom Apartments Available Aug 19
814 E Cimarron St, Unit 1
814 E Cimarron StColorado Springs, CO 80903
1203 E Rio Grande St
Colorado SpringsCO80910
Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting
Discover how your credit score impacts your ability to lease or buy a home. Learn how credit scores are determined, how to check yours, and strategies to improve it for real estate success.
943 E Las Animas St, Unit 1973-03
943 E Las Animas St
Colorado SpringsCO80903
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$1,399 - $1,499
Plus Fees1 Month Lease Term
Studio to 1 Bedroom Apartments Available Now118 E Brookside St
118 E Brookside StColorado Springs, CO 80905
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Studio to 2 Bedroom Apartments
The Bonfoy Apartments
112 Bonfoy AveColorado Springs, CO 80909
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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
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Studio to 2 Bedroom Apartments
1505 E Kiowa St
1505-1511 E Kiowa StColorado Springs, CO 80909
815 N Nevada Ave
Colorado SpringsCO80903
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Studio to 1 Bedroom Apartments
618 N Weber St
618 N Weber StColorado Springs, CO 80903
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Studio to 2 Bedroom Apartments
Park Bonfoy
129 Bonfoy AveColorado Springs, CO 80909
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Studio to 2 Bedroom Apartments
Southgate Commons
215-233 E Arvada StColorado Springs, CO 80905
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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1 to 3 Bedroom Apartments
Hillside Pointe Apartments
905 Hillside Ridge PtColorado Springs, CO 80903
1411 S Corona Ave
Colorado SpringsCO80905
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1 to 3 Bedroom Apartments
BG - SUMMIT VIEW APARTMENTS
1930 E Bijou StColorado Springs, CO 80909
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1 to 3 Bedroom Apartments
Parkmoor Apartments
1117-1125 E Saint Vrain StColorado Springs, CO 80903
427-431 E Bijou St
Colorado SpringsCO80903
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Studio to 1 Bedroom Apartments
Midtown Apartments
214 S WahsatchColorado 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 2 Bedroom Apartments
Brookside Apartments
418-432 E Brookside StColorado Springs, CO 80905
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Studio to 3 Bedroom Apartments
608 N Nevada Ave
608 N Nevada AveColorado Springs, CO 80903
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1 to 2 Bedroom Apartments
1602 S Wahsatch Ave
1602 S Wahsatch AveColorado Springs, CO 80905
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.
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 | $1,611 | $800 | $2,800 |
| Downtown 1 Bedroom Apartments | $1,816 | $829 | $3,798 |
| Downtown 2 Bedroom Apartments | $2,304 | $849 | $4,268 |
| Downtown 3 Bedroom Apartments | $2,899 | $1,313 | $4,345 |
| Downtown 4 Bedroom Apartments | $3,800 | $3,800 | $3,800 |
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 75 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
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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 Studio unit found at Park Bonfoy priced from $799. Rosewood Apartments has the second lowest priced unit, which is a 2 Beds apartment currently listed from $849. Here are the most affordable Downtown apartments for rent in Colorado Springs, CO:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Park Bonfoy | S1 | Studio,1BA | $799 |
| Rosewood Apartments | 2 Beds, 1 Baths | 2BR,1BA | $849 |
| BG - SUMMIT VIEW APARTMENTS | 1BR/1.0BA | 1BR,1BA | $850 |
| Jasmine Springs | 2 Bedroom, 1 Bath | 2BR,1BA | $850 |
| Sienna Place | 1X1 | 1BR,1BA | $853 |
| Union Blvd Apartments | 2 Beds, 1 Baths | 2BR,1BA | $929 |
| Tamarac | 2x1 40% | 2BR,1BA | $943 |
| Artspace Colorado Springs | A3 | 1BR,1BA | $955 |
| Kalo Ivywild | KaloUnity | Studio,1BA | $956 |
| Prospect Park | 1x1 | 1BR,1BA | $995 |
Best Value Apartments for Rent in Downtown, CO
As of June 12, 2026 the best value apartment in the Downtown area is the $1.47 price per square foot 2x2 60% Model at Shooks Run in the in the Downtown neighborhood starting from $1,467. 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 Memorial Park 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. |
|---|---|---|---|
| Shooks Run | 2x2 60% | 2BR,2BA | $1.47 |
| Union Blvd Apartments | 2 Beds, 1 Baths | 2BR,1BA | $1.03 |
| Rosewood Apartments | 2 Beds, 1 Baths | 2BR,1BA | $0.94 |
| Wyndam Place Senior Residence | WCS2 2x1 50% | 2BR,1BA | $1.43 |
| Jasmine Springs | 2 Bedroom, 1 Bath | 2BR,1BA | $1.08 |
| Sienna Place | 2X1 | 2BR,1BA | $1.38 |
| Weidenhaft Mitchell Apartments | 1 Beds, 1 Baths | 1BR,1BA | $1.71 |
| Prospect Park | 1x1 | 1BR,1BA | $1.58 |
| The Village at Homewood Point | 1x1 50% | 1BR,1BA | $1.73 |
| BG - SUMMIT VIEW APARTMENTS | 1BR/1.0BA | 1BR,1BA | $1.70 |
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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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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Do you know the Downtown area?
If you’re an expert on all things Downtown, tell us what you love (and don't) by rating it and writing a review.
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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 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 $995.
What is the price of a cheap apartment in Downtown?
The cheapest apartment in Downtown is BG - SUMMIT VIEW APARTMENTS which is listed at $850, 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 46 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 $248 which is $3,552 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.
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.
Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.
Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.