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$795
Plus Fees12 Month Lease Term
1 Bedroom Apartments Available NowBG - SUMMIT VIEW APARTMENTS
1930 E Bijou StColorado Springs, CO 80909
Cheap Apartments for Rent in the Downtown Neighborhood of Colorado Springs, CO from $500 (82 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown area of Colorado Springs.
225 E Brookside St
Colorado SpringsCO80905
514 Warren Ave
Colorado SpringsCO80905
942 E Las Animas St
Colorado SpringsCO80903
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$849 - $979
Plus Fees
2 Bedroom Apartments Contact Us For AvailabilityRosewood Apartments
849 S Union BlvdColorado Springs, CO 80910
214 S Wahsatch Ave
Colorado SpringsCO80903
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Rent Specials
$918 - $1,702
Total Monthly Price12 Month Lease Term
1 to 3 Bedroom Apartments Available NowTotal Monthly Price
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$915 - $1,699
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Sienna Place
1698 Lenmar DrColorado Springs, CO 80905
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$925 - $1,250
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2 Bedroom Apartments Available NowTotal Monthly Price
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$925 - $1,250
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Jasmine Springs
425-431 E Willamette AveColorado Springs, CO 80903
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$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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$9331 Bedroom Apartments Available Sep 18
315 May Dr
315 May DrColorado Springs, CO 80905
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
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$943 - $1,205
Plus Fees12 Month Lease Term
1 to 2 Bedroom Apartments Available NowTamarac
750 E Cheyenne RdColorado Springs, CO 80905
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$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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$980Studio Apartments Available Now
423 N Wahsatch Ave, Unit 6
423 N Wahsatch AveColorado Springs, CO 80903
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$989 - $1,000
Plus Fees
1 Bedroom Apartments Available NowApplewood Apartments
505 E Arvada StColorado Springs, CO 80905
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$995 - $1,095
Plus Fees
1 to 2 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
329 E Dale St
Colorado SpringsCO80903
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$1,0451 Bedroom Apartments Available Aug 20
604 N Weber St, Unit 7
604 N Weber StColorado 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
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$1,1951 Bedroom Apartments Available Now
319-321 E Brookside St, Unit 17
319-321 E Brookside StColorado Springs, CO 80905
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.
107 N Prospect St, Unit prospect
107 N Prospect St
Colorado SpringsCO80903
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Rent Specials
$1,206 - $2,901
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Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,135 - $2,830
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Ensley
505 S Weber StColorado Springs, CO 80903
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$1,250 - $3,370
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Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,250 - $3,370
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Experience at Epicenter
655 S Sierra Madre StColorado Springs, CO 80903
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$1,279 - $2,751
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Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,279 - $2,751
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VIM
322 E Vermijo AveColorado Springs, CO 80903
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$1,292 - $3,058
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Studio to 1 Bedroom Apartments Available NowTotal Monthly Price
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$1,237 - $3,003
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532 CO
532 W Colorado AveColorado Springs, CO 80905
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$1,295 - $2,320
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1 to 3 Bedroom Apartments Available NowTotal Monthly Price
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$1,295 - $2,320
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Chateau
355-355 S Union BlvdColorado Springs, CO 80910
1118 E Platte Ave
Colorado SpringsCO80903
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$1,3502 Bedroom Apartments Available Now
1920 E Yampa St, Unit 1
1920 E Yampa StColorado Springs, CO 80909
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$1,3501 Bedroom Apartments Available Sep 1
637 E Willamette Ave, Unit 3
637 E Willamette AveColorado Springs, CO 80903
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$1,3501 Bedroom Apartments Available Aug 19
814 E Cimarron St, Unit 1
814 E Cimarron StColorado Springs, CO 80903
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.
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$1,363 - $10,582
Total Monthly Price
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,309 - $10,528
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The Plaza at Pikes Peak
710 E Pikes Peak AveColorado Springs, CO 80903
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$1,376 - $3,269
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Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,376 - $3,269
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333 ECO
333 E Colorado AveColorado Springs, CO 80903
702-704 Bonfoy Ave
Colorado SpringsCO80909
812 S Foote Ave
Colorado SpringsCO80910
625-625 E Monument St
Colorado SpringsCO80903
943 E Las Animas St
Colorado SpringsCO80903
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
211 Swope Ave
Colorado SpringsCO80909
427-431 E Bijou St
Colorado SpringsCO80903
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 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
815 N Nevada Ave
Colorado SpringsCO80903
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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 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
1411 S Corona Ave
Colorado SpringsCO80905
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1 to 3 Bedroom Apartments
Hillside Pointe Apartments
905 Hillside Ridge PtColorado Springs, CO 80903
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Studio to 2 Bedroom Apartments
Southgate Commons
215-233 E Arvada StColorado Springs, CO 80905
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1 to 3 Bedroom Apartments
Parkmoor Apartments
1117-1125 E Saint Vrain StColorado Springs, CO 80903
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.
Showing Results 1-50, Page 1 of 2
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 | $1,608 | $800 | $2,800 |
| Downtown 1 Bedroom Apartments | $1,806 | $795 | $3,798 |
| Downtown 2 Bedroom Apartments | $2,278 | $849 | $4,290 |
| Downtown 3 Bedroom Apartments | $2,910 | $1,400 | $3,892 |
| 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 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
- 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 1 Bed unit found at BG - SUMMIT VIEW APARTMENTS priced from $795. Southgate Commons has the second lowest priced unit, which is a 1 Bed 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 |
|---|---|---|---|
| BG - SUMMIT VIEW APARTMENTS | 1BR/1.0BA | 1BR,1BA | $795 |
| Southgate Commons | 1 Bedroom - No Balcony | 1BR,1BA | $849 |
| Rosewood Apartments | 2 Beds, 1 Baths | 2BR,1BA | $849 |
| Sienna Place | 1X1 | 1BR,1BA | $918 |
| Jasmine Springs | B1 | 2BR,1BA | $925 |
| 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 |
| Applewood Apartments | 1BR/1.0BA | 1BR,1BA | $989 |
Best Value Apartments for Rent in Downtown, CO
As of July 28, 2026 the best value apartment in the Downtown area is the $1.03 price per square foot 2 Beds, 1 Baths Model at Union Blvd Apartments in the in the Memorial Park neighborhood starting from $929. The second greatest value Downtown apartment is the 2 Beds, 1 Baths Model at Rosewood Apartments starting at $849 with a $0.94 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. |
|---|---|---|---|
| Union Blvd Apartments | 2 Beds, 1 Baths | 2BR,1BA | $1.03 |
| Rosewood Apartments | 2 Beds, 1 Baths | 2BR,1BA | $0.94 |
| Artspace Colorado Springs | B1 | 2BR,2BA | $1.80 |
| Jasmine Springs | B1 | 2BR,1BA | $1.18 |
| The Village at Homewood Point | 2x1 50% | 2BR,1BA | $1.61 |
| Sienna Place | 2X1 | 2BR,1BA | $1.38 |
| Tamarac | 2x1 50% | 2BR,1BA | $1.77 |
| Weidenhaft Mitchell Apartments | 1 Beds, 1 Baths | 1BR,1BA | $1.71 |
| Prospect Park | 1x1 | 1BR,1BA | $1.58 |
| BG - SUMMIT VIEW APARTMENTS | 1BR/1.0BA | 1BR,1BA | $1.59 |
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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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 $989.
What is the price of a cheap apartment in Downtown?
The cheapest apartment in Downtown is BG - SUMMIT VIEW APARTMENTS which is listed at $795, 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 27 regular apartments in Downtown that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
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.
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.
Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.