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$799 - $1,599
Plus Fees12 Month Lease Term
1 to 3 Bedroom Apartments Available NowSienna Place
1698 Lenmar DrColorado Springs, CO 80905
Cheap Apartments for Rent in the Downtown Neighborhood of Colorado Springs, CO from $500 (53 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown area of Colorado Springs.
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$8001 Bedroom Apartments Available Now
208 Custer Ave
208 Custer AveColorado Springs, CO 80903
225 E Brookside St
Colorado SpringsCO80905
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$849 - $979
Plus Fees
2 Bedroom Apartments Available NowRosewood 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
214 S Wahsatch Ave
Colorado SpringsCO80903
403 N Wahsatch Ave
Colorado SpringsCO80903
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$922 - $1,175
Plus Fees12 Month Lease Term
2 Bedroom Apartments Available NowTamarac
750 E Cheyenne RdColorado Springs, CO 80905
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$922 - $1,175
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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$929 - $1,279
Plus Fees12 Month Lease Term
2 Bedroom Apartments Contact Us For AvailabilityUnion Blvd Apartments
801 S Union BlvdColorado Springs, CO 80910
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.
732 N Royer St
Colorado SpringsCO80903
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$970 - $2,791
Plus Fees
Studio to 2 Bedroom Apartments Available NowVIM
322 E Vermijo AveColorado 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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$9951 Bedroom Apartments Available Now
319-321 E Brookside St
319-321 E Brookside StColorado Springs, CO 80905
1810 Woodburn St
Colorado SpringsCO80906
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Rent Specials
$1,030 - $2,455
Plus Fees
Studio to 1 Bedroom Apartments Available Now532 CO
532 W Colorado AveColorado Springs, CO 80905
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$1,186 - $1,519
Total Monthly Price12 Month Lease Term
Studio to 2 Bedroom Apartments Available NowTotal Monthly Price
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$1,186 - $1,519
Total Monthly Price
$1,186 - $1,519
Sumner House
335 Victoria stColorado Springs, CO 80903
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$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
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$1,200
Total Monthly Price12 Month Lease Term
3 Bedroom Apartment Available NowTotal Monthly Price
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$1,200
Total Monthly Price
$1,200
845 E Cucharras St, Unit 845
845 E Cucharras StColorado Springs, CO 80903
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$1,206 - $3,861
Plus Fees
Studio to 2 Bedroom Apartments Available NowExperience at Epicenter
655 S Sierra Madre StColorado 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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$1,2501 Bedroom Apartments Available Now
637 E Willamette Ave
637 E Willamette AveColorado Springs, CO 80903
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$1,295 - $1,903
Plus Fees
1 to 2 Bedroom Apartments Available NowChateau Apartments
355-355 S Union BlvdColorado Springs, CO 80910
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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
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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
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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
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 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
Downtown Studio Apartment for rent
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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1 to 2 Bedroom Apartments
1602 S Wahsatch Ave
1602 S Wahsatch AveColorado 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
Ivy at Cheyenne Creek
1801 S Cascade AveColorado Springs, CO 80905
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1 to 3 Bedroom Apartments
616 N Weber St
616 N Weber StColorado Springs, CO 80903
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1 Bedroom Apartments
306 N Cascade Ave
306 N Cascade AveColorado 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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Studio to 2 Bedroom Apartments
May Drive Apartments
305 May DrColorado Springs, CO 80905
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Studio to 2 Bedroom Apartments
Hearthstone Inn Apartments
506-514 N Cascade AveColorado Springs, CO 80903
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Studio to 3 Bedroom Apartments
Kalo Ivywild
402 Crestone LnColorado Springs, CO 80905
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1 to 2 Bedroom Apartments
Wyndam Place Senior Colorado Springs
725 S Weber StColorado Springs, CO 80903
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1 to 2 Bedroom Apartments
Jasmine Springs
425-431 E Willamette AveColorado Springs, CO 80903
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Studio to 3 Bedroom Apartments
Cascade Park
624 N Cascade AveColorado Springs, CO 80903
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1 Bedroom Apartments
Bonfoy Apartments
110 Bonfoy AveColorado Springs, CO 80909
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Studio to 3 Bedroom Apartments
611-615 Cascade Avenue
611 N Cascade AveColorado Springs, CO 80903
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Studio to 2 Bedroom Apartments
833 E Platte Ave
833 E Platte AveColorado Springs, CO 80903
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1 to 2 Bedroom Apartments
Glenpond Apartments
1702 Lorraine StColorado Springs, CO 80905
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.
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 | $1,582 | $875 | $2,800 |
| Downtown 1 Bedroom Apartments | $1,755 | $799 | $3,796 |
| Downtown 2 Bedroom Apartments | $2,510 | $849 | $4,268 |
| Downtown 3 Bedroom Apartments | $3,714 | $1,200 | $4,543 |
| 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 53 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 $725. Sienna Place has the second lowest priced unit, which is a 1 Bed apartment currently listed from $799. 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 | $725 |
| Sienna Place | 1X1 | 1BR,1BA | $799 |
| 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 |
| Downtown Studio Apartment for rent | 0BR/1.0BA | Studio,1BA | $875 |
| The Village at Homewood Point | 2x1 40% | 2BR,1BA | $922 |
| Tamarac | 2x1 40% | 2BR,1BA | $922 |
| Union Blvd Apartments | 2 Beds, 1 Baths | 2BR,1BA | $929 |
| Kalo Ivywild | KaloUnity | Studio,1BA | $956 |
Best Value Apartments for Rent in Downtown, CO
As of March 13, 2026 the best value apartment in the Downtown area is the $1.43 price per square foot 2x2 60% Model at Shooks Run in the in the Downtown neighborhood starting from $1,428. 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 | $1.43 |
| Union Blvd Apartments | 2 Beds, 1 Baths | 2BR,1BA | $1.03 |
| Rosewood Apartments | 2 Beds, 1 Baths | 2BR,1BA | $0.94 |
| 845 E Cucharras St, Unit 845 | 845 E Cucharras St | 3BR,1BA | $1.41 |
| Jasmine Springs | 2 Bedroom, 1 Bath | 2BR,1BA | $1.31 |
| Sienna Place | 2X1 | 2BR,1BA | $1.30 |
| Wyndam Place Senior Colorado Springs | WCS2 1x1 50% | 1BR,1BA | $1.48 |
| Prospect Park | 1x1 | 1BR,1BA | $1.58 |
| The Village at Homewood Point | 1x1 50% | 1BR,1BA | $1.69 |
| Southgate Commons | 1BR/1.0BA | 1BR,1BA | $1.37 |
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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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.
Read ArticleCash 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.
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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 $956.
What is the price of a cheap apartment in Downtown?
The cheapest apartment in Downtown is Southgate Commons which is listed at $725, while the average apartment in Downtown costs $4,086.
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 75 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 $290 which is $3,796 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.
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.
18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.
A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment
Written by: Bob Mallory
Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.