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$784 - $1,205
Total Monthly Price
Base Rent$784 - $1,205
Total Monthly Price$784 - $1,205
Tamarac
750 E Cheyenne RdColorado Springs, CO 80905
Cheap Apartments for Rent in the Downtown Neighborhood of Colorado Springs, CO from $545 (82 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown area of Colorado Springs.
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$795
Total Monthly Price
Base Rent$795
Total Monthly Price$795
BG - SUMMIT VIEW APARTMENTS
1930 E Bijou StColorado Springs, CO 80909
225 E Brookside St
Colorado SpringsCO80905
1318 E Willamette Ave
Colorado SpringsCO80909
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$800Studio Apartments Available Now
942 E Las Animas St, Unit Cabin
942 E Las Animas StColorado Springs, CO 80903
326 E St Vrain St
Colorado SpringsCO80903
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$825
Total Monthly Price
Base Rent$825
Total Monthly Price$825
821 N Weber St, Unit #2
821 N Weber StColorado Springs, CO 80903
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Rent Specials
$828 - $1,553
Total Monthly Price
Base Rent$825 - $1,550
Required Monthly FeesVaries
Total Monthly PriceVaries
Sienna Place
1698 Lenmar DrColorado Springs, CO 80905
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$849 - $979
Total Monthly Price
Base Rent$849 - $979
Total Monthly Price$849 - $979
Rosewood Apartments
849 S Union BlvdColorado Springs, CO 80910
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$850
Total Monthly Price
Base Rent$850
Total Monthly Price$850
210 E Saint Vrain St, Unit 3
210 E Saint Vrain StColorado Springs, CO 80903
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
214 S Wahsatch Ave
Colorado SpringsCO80903
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$925 - $1,250
Total Monthly Price
Base Rent$925 - $1,250
Total Monthly Price$925 - $1,250
Jasmine Springs
425-431 E Willamette AveColorado Springs, CO 80903
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$9501 Bedroom Apartments Available Sep 18
315 May Dr
315 May DrColorado Springs, CO 80905
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Rent Specials
$955 - $1,451
Total Monthly Price
Base Rent$955 - $1,451
Total Monthly Price$955 - $1,451
Artspace Colorado Springs
315 E Costilla StColorado Springs, CO 80903
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$989 - $1,000
Total Monthly Price
Base Rent$989 - $1,000
Total Monthly Price$989 - $1,000
Applewood Apartments
505 E Arvada StColorado Springs, CO 80905
209 E Willamette Ave
Colorado SpringsCO80903
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$995
Total Monthly Price
Base Rent$995
Total Monthly Price$995
Prospect Park
825 S Union BlvdColorado Springs, CO 80910
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$995
Total Monthly Price
Base Rent$995
Total Monthly Price$995
722 E Cucharras St, Unit Studio C
722 E Cucharras StColorado Springs, CO 80903
529 N Nevada Ave
Colorado SpringsCO80903
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$1,002 - $1,205
Total Monthly Price
Base Rent$1,002 - $1,205
Total Monthly Price$1,002 - $1,205
The Village at Homewood Point
907 E Colorado AveColorado Springs, CO 80903
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.
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$1,0451 Bedroom Apartments Available Oct 9
604 N Weber St, Unit 7
604 N Weber StColorado Springs, CO 80903
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Rent Specials
$1,092 - $1,404
Total Monthly Price
Base Rent$1,092 - $1,404
Total Monthly Price$1,092 - $1,404
Sumner House
335 Victoria stColorado Springs, CO 80903
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Rent Specials
$1,200 - $4,420
Total Monthly Price
Base Rent$1,200 - $4,420
Total Monthly PriceVaries
Experience at Epicenter
655 S Sierra Madre StColorado Springs, CO 80903
603 Manitou Blvd
Colorado SpringsCO80904
702-704 Bonfoy Ave
Colorado SpringsCO80909
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Rent Specials
$1,279 - $2,732
Total Monthly Price
Base Rent$1,279 - $2,732
Total Monthly Price$1,279 - $2,732
VIM
322 E Vermijo AveColorado Springs, CO 80903
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Rent Specials
$1,295 - $2,320
Total Monthly Price
Base Rent$1,295 - $2,320
Total Monthly Price$1,295 - $2,320
Chateau
355-355 S Union BlvdColorado Springs, CO 80910
812 S Foote Ave
Colorado SpringsCO80910
612 E Las Animas St
Colorado SpringsCO80903
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Studio to 2 Bedroom Apartments
The Bonfoy Apartments
112 Bonfoy AveColorado Springs, CO 80909
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.
211 Swope Ave
Colorado SpringsCO80909
427-431 E Bijou St
Colorado SpringsCO80903
815 N Nevada Ave
Colorado SpringsCO80903
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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 1 Bedroom Apartments
409 N. Cascade Avenue
409 N Cascade AveColorado Springs, CO 80903
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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
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Studio to 2 Bedroom Apartments
Swope Ave Apartments
315 Swope AveColorado Springs, CO 80909
1411 S Corona Ave
Colorado SpringsCO80905
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Studio to 2 Bedroom Apartments
Southgate Commons
215-233 E Arvada StColorado 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.
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Studio to 1 Bedroom Apartments
618 N Weber St
618 N Weber StColorado Springs, CO 80903
616 W Kiowa St
Colorado SpringsCO80905
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Studio to 2 Bedroom Apartments
Park Bonfoy
129 Bonfoy AveColorado Springs, CO 80909
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1 to 3 Bedroom Apartments
Hillside Pointe Apartments
905 Hillside Ridge PtColorado Springs, CO 80903
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1 to 3 Bedroom Apartments
Parkmoor Apartments
1117-1125 E Saint Vrain StColorado Springs, CO 80903
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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
1520 E Pikes Peak Ave
Colorado SpringsCO80909
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Studio to 2 Bedroom Apartments
Brookside Apartments
418-432 E Brookside StColorado Springs, CO 80905
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1 to 2 Bedroom Apartments
1602 S Wahsatch Ave
1602 S Wahsatch AveColorado Springs, CO 80905
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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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 | $1,606 | $800 | $2,800 |
| Downtown 1 Bedroom Apartments | $1,838 | $784 | $3,798 |
| Downtown 2 Bedroom Apartments | $2,361 | $849 | $4,420 |
| Downtown 3 Bedroom Apartments | $2,303 | $1,299 | $3,892 |
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 82 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
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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 409 N. Cascade Avenue priced from $650. Swope Ave Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $699. Here are the most affordable Downtown 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 |
| Swope Ave Apartments | 1BR/1.0BA | 1BR,1BA | $699 |
| Sienna Place | 1X1 | 1BR,1BA | $828 |
| Rosewood Apartments | 2 Beds, 1 Baths | 2BR,1BA | $849 |
| Jasmine Springs | B1 | 2BR,1BA | $925 |
| Tamarac | 2x1 40% | 2BR,1BA | $943 |
| Artspace Colorado Springs | A3 | 1BR,1BA | $955 |
| Cascade Park | Studio | Studio,1BA | $975 |
Best Value Apartments for Rent in Downtown, CO
As of September 13, 2026 the best value apartment in the Downtown area is the $1.15 price per square foot B4 Model at Park Bonfoy in the in the Memorial Park neighborhood starting from $1,295. The second greatest value Downtown apartment is the 2X2 50% H Model at Shooks Run starting at $1,161 with a $1.16 price per square foot in the Downtown 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. |
|---|---|---|---|
| Park Bonfoy | B4 | 2BR,2BA | $1.15 |
| Shooks Run | 2X2 50% H | 2BR,2BA | $1.16 |
| 33 W Willamette Ave | 1 Beds, 1 Baths | 1BR,1BA | $1.24 |
| 210 E Saint Vrain St, Unit 3 | 210 E Saint Vrain St | 1BR,1BA | $0.89 |
| Rosewood Apartments | 2 Beds, 1 Baths | 2BR,1BA | $0.94 |
| Jasmine Springs | B1 | 2BR,1BA | $1.18 |
| Homewood Point Apartments | 1BR/1.0BA | 1BR,1BA | $1.46 |
| Tamarac | 2x1 50% | 2BR,1BA | $1.77 |
| Prospect Park | 1x1 | 1BR,1BA | $1.58 |
| 821 N Weber St, Unit Unit #2 | 821 N Weber St | 1BR,1BA | $1.38 |
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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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.
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.
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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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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 $975.
What is the price of a cheap apartment in Downtown?
The cheapest apartment in Downtown is Swope Ave Apartments which is listed at $699, while the average apartment in Downtown costs $1,796.
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 20 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 $226 which is $1,570 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
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.
Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.
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.