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$6991 Bedroom Apartments Available Now
Southgate Commons
215-233 E Arvada StColorado Springs, CO 80905
Cheap Apartments for Rent in the Downtown Neighborhood of Colorado Springs, CO from $500 (63 Rentals)
Search the lowest-cost Apartments available for rent right now in the Downtown area of Colorado Springs.
233 E Arvada St
Colorado SpringsCO80905
420 E Brookside St
Colorado SpringsCO80905
529 N Nevada Ave
Colorado SpringsCO80903
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Rent Specials
$799 - $1,5251 to 3 Bedroom Apartments Available Now
Sienna Place
1698 Lenmar DrColorado Springs, CO 80905
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$849 - $9792 Bedroom Apartments Available Now
Rosewood Apartments
849 S Union BlvdColorado Springs, CO 80910
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$850 - $1,1951 to 3 Bedroom Apartments Available Now
Summit View Apartments
1930 E Bijou StColorado Springs, CO 80909
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$922 - $1,1751 to 2 Bedroom Apartments Available Now
The Village at Homewood Point
907 E Colorado AveColorado Springs, CO 80903
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$929 - $1,2792 Bedroom Apartments Contact Us For Availability
Union 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.
405 Bonfoy Ave
Colorado SpringsCO80909
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$9951 Bedroom Apartment Available Now
523 N Walnut St, Unit B
523 N Walnut StColorado Springs, CO 80905
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$9951 Bedroom Apartments Available Now
319-321 E Brookside St
319-321 E Brookside StColorado Springs, CO 80905
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$995 - $1,2501 to 2 Bedroom Apartments Available Now
Prospect Park
825 S Union BlvdColorado Springs, CO 80910
107 E Motor Way
Colorado SpringsCO80905
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$1,085 - $3,700Studio to 2 Bedroom Apartments Available Now
Experience at Epicenter
655 S Sierra Madre StColorado Springs, CO 80903
317 E Monument St
Colorado SpringsCO80903
730 Swope Ave
Colorado SpringsCO80909
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$1,127 - $2,782Studio to 2 Bedroom Apartments Available Now
VIM
322 E Vermijo AveColorado 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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$1,148 - $2,063Studio to 1 Bedroom Apartments Available Now
532 CO
532 W Colorado AveColorado Springs, CO 80905
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$1,150 - $1,490Studio to 1 Bedroom Apartments Available Now
22 Spruce
22 N Spruce StColorado Springs, CO 80905
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$1,1752 Bedroom Apartments Available Now
Tamarac
750 E Cheyenne RdColorado Springs, CO 80905
818 N Corona St
Colorado SpringsCO80903
322 Farragut Ave
Colorado SpringsCO80909
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$1,198 - $3,015Studio to 2 Bedroom Apartments Available Now
333 ECO
333 E Colorado AveColorado Springs, CO 80903
1118 E Platte Ave
Colorado SpringsCO80903
732 E Kiowa St
Colorado SpringsCO80903
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$1,250 - $1,8951 to 2 Bedroom Apartments Available Now
Gabion Apartments
676 W Monument StColorado Springs, CO 80905
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$1,295 - $2,3951 to 3 Bedroom Apartments Available Now
Chateau Apartments
355-355 S Union BlvdColorado Springs, CO 80910
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.
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$1,295 - $3,800Studio to 2 Bedroom Apartments Available Now
Fiona
400 E Pikes Peak AveColorado Springs, CO 80903
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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
Hearthstone Inn Apartments
506-514 N Cascade AveColorado Springs, CO 80903
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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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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 | $1,546 | $749 | $2,800 |
| Downtown 1 Bedroom Apartments | $1,792 | $699 | $3,700 |
| Downtown 2 Bedroom Apartments | $2,268 | $849 | $4,268 |
| Downtown 3 Bedroom Apartments | $2,772 | $1,195 | $4,452 |
Browse Apartments in this Neighborhood
There are currently 63 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
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
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 $699. Shooks Run has the second lowest priced unit, which is a 1 Bed apartment currently listed from $768. Here are the most affordable Downtown apartments for rent in Colorado Springs, CO:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Southgate Commons | 1BR/1.0BA | 1BR,1BA | $699 |
| Shooks Run | 1x1 40% | 1BR,1BA | $768 |
| Applewood Apartments | 1BR/1.0BA | 1BR,1BA | $775 |
| Sienna Place | 1X1 | 1BR,1BA | $799 |
| Rosewood Apartments | 2 Beds, 1 Baths | 2BR,1BA | $849 |
| Summit View Apartments | 1 Beds, 1 Baths | 1BR,1BA | $850 |
| The Village at Homewood Point | 2x1 40% | 2BR,1BA | $922 |
| 306 N Cascade Ave | Apartment 12 | 1BR,1BA | $925 |
| Union Blvd Apartments | 2 Beds, 1 Baths | 2BR,1BA | $929 |
| Cascade Park | Studio | Studio,1BA | $975 |
Best Value Apartments for Rent in Downtown, CO
As of November 11, 2025 the best value apartment in the Downtown area is the $1.12 price per square foot 2BR/2.0BA Model at Homewood Point in the in the Downtown neighborhood starting from $1,084. The second greatest value Downtown apartment is the 119 Farragut Ave Model at 119 Farragut Ave starting at $1,075 with a $1.19 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. |
|---|---|---|---|
| Homewood Point | 2BR/2.0BA | 2BR,2BA | $1.12 |
| 119 Farragut Ave | 119 Farragut Ave | 1BR,1BA | $1.19 |
| Rosewood Apartments | 2 Beds, 1 Baths | 2BR,1BA | $0.94 |
| Union Blvd Apartments | 2 Beds, 1 Baths | 2BR,1BA | $1.03 |
| Kalo Ivywild | KaloDuo | 2BR,1BA | $1.42 |
| Jasmine Springs | 1 Bedroom, 1 Bath | 1BR,1BA | $1.43 |
| Park Bonfoy | A3 | 1BR,1BA | $1.42 |
| Shooks Run | 1x1 40% | 1BR,1BA | $1.08 |
| Summit View Apartments | 1 Beds, 1 Baths | 1BR,1BA | $1.55 |
| Southgate Commons | 1BR/1.0BA | 1BR,1BA | $1.28 |
Apartment Common Area Rules: What Renters Need to Know
From the lounge to the laundry room, understand your rights and responsibilities in shared apartment spaces. Get tips on pet rules, noise, and security.
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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.
Read ArticleThe 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 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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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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Pet Friendly LifestyleDowntown, Colorado Springs, CO
Ranked #9
Among cities in Colorado for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
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 the Cheapest Studio apartment in Downtown?
Currently the most affordable Cheap Studio Apartment in Downtown is at Cascade Park listed at $975.
How much is rent for a Cheap One Bedroom Downtown Apartment?
The lowest price for a Cheap One Bedroom Downtown Apartment is $699 at Southgate Commons.
What is the lowest price for a Cheap Two Bedroom Downtown Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Downtown is starting from $849 at Rosewood Apartments.
What is the most affordable Downtown Three Bedroom Apartment?
The best deal on a cheap Downtown Three Bedroom Apartment rental is at Summit View Apartments and starts from $1,195.
Expert Rental Resources
Helpful Apartment Articles, How-To's and Tips
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.
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.
Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.
How to Negotiate Your Apartment Lease and Save Money
Written by: Christine Leonard, Esq.
Everything is a negotiation in real estate!
The Rental Move-In Inspection Checklist: A Guide for Renters
Written by: Trey Huguley
The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.