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$8001 Bedroom Apartments Available Now
208 Custer Ave, Unit Bedroom 2
208 Custer AveColorado 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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Rent Specials
$825 - $1,599
Plus Fees12 Month Lease Term
1 to 3 Bedroom Apartments Available Apr 29Sienna Place
1698 Lenmar 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
Plus Fees12 Month Lease Term
1 Bedroom Apartments Available NowBG - SUMMIT VIEW APARTMENTS
1930 E Bijou StColorado Springs, CO 80909
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$850Studio Apartments Available Now
942 E Las Animas St, Unit Cabin
942 E Las Animas StColorado Springs, CO 80903
214 S Wahsatch Ave
Colorado SpringsCO80903
732 N Royer St
Colorado SpringsCO80903
1523 S Fountain St
Colorado SpringsCO80910
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$908 - $1,161
Plus Fees12 Month Lease Term
2 Bedroom Apartments Available NowTamarac
750 E Cheyenne RdColorado Springs, CO 80905
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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
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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$966 - $1,161
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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$9951 Bedroom Apartments Available Now
319 E Brookside St, Unit 15
319 E Brookside StColorado Springs, CO 80905
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$995 - $1,250
Plus Fees
1 to 2 Bedroom Apartments Available NowProspect Park
825 S Union BlvdColorado Springs, CO 80910
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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
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
$1,130 - $2,576
Total Monthly Price
Studio to 1 Bedroom Apartments Available NowTotal Monthly Price
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$1,075 - $2,521
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532 CO
532 W Colorado AveColorado Springs, CO 80905
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$1,163 - $7,839
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Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,109 - $7,785
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The Plaza at Pikes Peak
710 E Pikes Peak AveColorado Springs, CO 80903
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Rent Specials
$1,191 - $1,519
Plus Fees12 Month Lease Term
1 to 2 Bedroom Apartments Available NowArtspace Colorado Springs
315 E Costilla StColorado Springs, CO 80903
630 E Boulder St
Colorado SpringsCO80903
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Rent Specials
$1,206 - $4,136
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Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,195 - $4,125
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Experience at Epicenter
655 S Sierra Madre StColorado Springs, CO 80903
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$1,279 - $2,801
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Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,279 - $2,801
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VIM
322 E Vermijo AveColorado Springs, CO 80903
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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$1,295 - $2,495
Total Monthly Price
1 to 3 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,295 - $2,495
Total Monthly Price
$1,295 - $2,495
Chateau
355-355 S Union BlvdColorado Springs, CO 80910
430 W Pikes Peak Ave
Colorado SpringsCO80905
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$1,3133 Bedroom Apartments Available May 1
903 Boggs Pl, Unit A
903 Boggs PlColorado Springs, CO 80910
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Rent Specials
$1,325 - $1,875
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Studio to 3 Bedroom Apartments Available NowTotal Monthly Price
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$1,305 - $1,855
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Boulder Crescent
30 Boulder Crescent StColorado Springs, CO 80903
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$1,3501 Bedroom Apartments Available May 23
814 E Cimarron St, Unit 1
814 E Cimarron StColorado Springs, CO 80903
1810 Woodburn St
Colorado SpringsCO80906
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Rent Specials
$1,363 - $1,508
Total Monthly Price12 Month Lease Term
Studio to 1 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$1,345 - $1,490
Required Monthly Fees
$18
Total Monthly Price
$1,363 - $1,508
22 Spruce
22 N Spruce StColorado Springs, CO 80905
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$1,377 - $4,268
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Studio to 3 Bedroom Apartments Available NowTotal Monthly Price
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$1,377 - $4,268
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Mae on Cascade
609 S Cascade AveColorado Springs, CO 80903
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$1,379 - $3,179
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Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,295 - $3,095
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Fiona
400 E Pikes Peak AveColorado Springs, CO 80903
1916 E Monument St
Colorado SpringsCO80909
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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$1,399 - $1,499
Plus Fees1 Month Lease Term
Studio to 1 Bedroom Apartments Available Now118 E Brookside St
118 E Brookside StColorado Springs, CO 80905
1628 S Cascade Ave
Colorado SpringsCO80905
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Studio to 2 Bedroom Apartments
The Bonfoy Apartments
112 Bonfoy AveColorado Springs, CO 80909
427-431 E Bijou St
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 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
Southgate Commons
215-233 E Arvada StColorado Springs, CO 80905
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Studio to 1 Bedroom Apartments
618 N Weber St
618 N Weber StColorado Springs, CO 80903
815 N Nevada Ave
Colorado SpringsCO80903
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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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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Studio to 1 Bedroom Apartments
Applewood Apartments
505 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
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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
732 S Royer St
Colorado SpringsCO80903
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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
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1 to 2 Bedroom Apartments
Ivy at Cheyenne Creek
1801 S Cascade AveColorado Springs, CO 80905
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 | $1,569 | $850 | $2,800 |
| Downtown 1 Bedroom Apartments | $1,762 | $800 | $3,796 |
| Downtown 2 Bedroom Apartments | $2,420 | $849 | $4,268 |
| Downtown 3 Bedroom Apartments | $2,896 | $1,313 | $4,625 |
| 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 1 Bed unit found at Southgate Commons priced from $715. 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 |
|---|---|---|---|
| Southgate Commons | 1 Bedroom - No Balcony | 1BR,1BA | $715 |
| Rosewood Apartments | 2 Beds, 1 Baths | 2BR,1BA | $849 |
| BG - SUMMIT VIEW APARTMENTS | 1BR/1.0BA | 1BR,1BA | $850 |
| Tamarac | 2x1 40% | 2BR,1BA | $908 |
| Jasmine Springs | 2 Bedroom, 1 Bath | 2BR,1BA | $925 |
| Union Blvd Apartments | 2 Beds, 1 Baths | 2BR,1BA | $929 |
| Kalo Ivywild | KaloUnity | Studio,1BA | $956 |
| The Village at Homewood Point | 1x1 50% | 1BR,1BA | $966 |
| Cascade Park | Studio | Studio,1BA | $975 |
| Prospect Park | 1x1 | 1BR,1BA | $995 |
Best Value Apartments for Rent in Downtown, CO
As of April 28, 2026 the best value apartment in the Downtown area is the $1.42 price per square foot 2x2 60% Model at Shooks Run in the in the Downtown neighborhood starting from $1,414. 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 | $1.42 |
| Union Blvd Apartments | 2 Beds, 1 Baths | 2BR,1BA | $1.03 |
| Rosewood Apartments | 2 Beds, 1 Baths | 2BR,1BA | $0.94 |
| Jasmine Springs | 2 Bedroom, 1 Bath | 2BR,1BA | $1.18 |
| Park Bonfoy | A3 | 1BR,1BA | $1.41 |
| Tamarac | 2x1 50% | 2BR,1BA | $1.71 |
| Prospect Park | 1x1 | 1BR,1BA | $1.58 |
| The Village at Homewood Point | 1x1 50% | 1BR,1BA | $1.67 |
| Southgate Commons | 1BR/1.0BA | 1BR,1BA | $1.48 |
| BG - SUMMIT VIEW APARTMENTS | 1BR/1.0BA | 1BR,1BA | $1.70 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
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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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Read ArticleQuick 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 $995.
What is the price of a cheap apartment in Downtown?
The cheapest apartment in Downtown is Southgate Commons which is listed at $715, 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 71 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 $316 which is $3,484 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.
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
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.