Cheap Apartments for Rent in the Falcon Estates Neighborhood of Colorado Springs, CO from $500 (18 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Falcon Estates area of Colorado Springs.

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Windtree
Studio to 2 Bedroom Apartments

Windtree

2530 Paragon DrColorado Springs, CO 80918
Corporate Housing
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Kalo Woodmen
Studio to 2 Bedroom Apartments

Kalo Woodmen

1629 E Woodmen RdColorado Springs, CO 80920

Colorado Springs's Best Affordable Neighborhoods

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Falcon Estates, Colorado Springs, CO Local Guide

Cheapest Available Falcon Estates Apartments for Rent

 

The cheapest available apartment rental in the Falcon Estates area of Colorado Springs, CO is a 1 Bed unit found at Cottonwood Terrace priced from $912. North Pointe has the second lowest priced unit, which is a Studio apartment currently listed from $1,050. Here are the most affordable Falcon Estates apartments for rent in Colorado Springs, CO:

Apartment ListingModel NameBed/BathPriced From
Cottonwood TerraceSpring Breeze1BR,1BA$912
North PointeS1Studio,1BA$1,050
Cottages at Rampart Park0x1 - 454 sqft - S1Studio,1BA$1,089
Quail Run ApartmentsSundance1BR,1BA$1,121
The Glen at BriargatePinon1BR,1BA$1,199

Best Value Apartments for Rent in Falcon Estates, CO

As of December 28, 2025 the best value apartment in the Falcon Estates area is the $1.15 price per square foot Windsor- B Grade Model at Rampart View Apartments in the in the Norwood neighborhood starting from $1,480. The second greatest value Falcon Estates apartment is the 1x1 - 600 sqft - A2 Model at Cottages at Rampart Park starting at $1,499 with a $1.25 price per square foot in the Norwood neighborhood. Here is today’s list of the best values for Falcon Estates apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Rampart View ApartmentsWindsor- B Grade2BR,2BA$1.15
Cottages at Rampart Park1x1 - 600 sqft - A2Studio ,1BA$1.25
Elements at BriargateMercury2BR,2BA$1.71
Yorkshire2 Bedroom2BR,1.5BA$1.37
Lynmar ApartmentsC2BR,2BA$1.70
Vista ViewPike2BR,1BA$1.52
The Parc at BriargateJuniper1BR,1BA$1.56
Center Pointe1BR Large1BR,1BA$1.75
Cottonwood TerraceBlossom1BR,1BA$1.68
Lion Village Student HousingLongs Peak2BR,2BA$1.50

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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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Pet Friendly Lifestyle
Falcon Estates, Colorado Springs, CO

Ranked #21

Among cities in Colorado for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Best Local Schools in
Falcon Estates, Colorado Springs, CO

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving brings you our detailed rental search system called 'Lifestyle ratings', composed of rentals in cities and towns across the United States and customized analysis for North Colorado Springs. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including our Star Ratings to compare for the best outdoor access, luxury amenities, pet-friendly features, apartment complexes for the kids, proximity to transit, in addition to floorplans, availablity, and pricing. These search options are in the site filters at the top of this page.

Frequently Asked Questions about Cheap Falcon Estates Apartments

What is a cheap apartment in Falcon Estates?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Falcon Estates is under $1,290.

What is the price of a cheap apartment in Falcon Estates?

The cheapest apartment in Falcon Estates is Cottonwood Terrace which is listed at $912, while the average apartment in Falcon Estates costs $2,299.

What types of apartments are the cheapest in Falcon Estates?

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 39 regular apartments in Falcon Estates 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 Falcon Estates?

Cheap apartments in Falcon Estates have an average cost of $386 which is $1,913 cheaper than the average rent for all rentals in Falcon Estates.

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

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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.

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How to Make Your Apartment Holiday-Ready: Renter-Friendly Tips

Written by: Justin Habersaat

Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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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.