Cheap Homes for Rent in Colorado Springs, CO from $500 (93 Rentals)

How Many Bedrooms?Done
Select your price rangeDone
to
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
By AmenitiesDone
By Community TypeDone
Features and AvailabilityDone
Done

Search the lowest-cost Homes available for rent right now in Colorado Springs.

property at 4260 McPherson Ave

$595 - $970

Total Monthly Price6 Month Lease Term

Total Monthly Price

Base Rent
$595 - $970

Total Monthly Price
$595 - $970

1 Bedroom, 1 Bath Home for Rent

Available Now

4260 McPherson Ave

Colorado SpringsCO80909
property at 1997 Traces Ln

$595

Total Monthly Price6 Month Lease Term

Total Monthly Price

Base Rent
$595

Total Monthly Price
$595

1 Bedroom, 1 Bath Home for Rent

Available Now

1997 Traces Ln, Unit A

1997 Traces Ln
Colorado SpringsCO80951
property at 1805 Dewhirst Dr

$597 - $798

Total Monthly Price6 Month Lease Term

Total Monthly Price

Base Rent
$597 - $798

Total Monthly Price
$597 - $798

1 Bedroom, 1 Bath Home for Rent

Available Now

1805 Dewhirst Dr

Colorado SpringsCO80951
property at 2060 Dewhirst Dr

$600

Total Monthly Price6 Month Lease Term

Total Monthly Price

Base Rent
$600

Total Monthly Price
$600

1 Bedroom, 1 Bath Home for Rent

Available Now

2060 Dewhirst Dr, Unit 3

2060 Dewhirst Dr
Colorado SpringsCO80951
property at 427-431 E Bijou St

$600

Total Monthly Price

Total Monthly Price

Base Rent
$600

Total Monthly Price
$600

Studio, 1 Bath Condo for Rent

Available Now

427-431 E Bijou St

Colorado SpringsCO80903
property at 1630 Shasta Dr

$660

Total Monthly Price6 Month Lease Term

Total Monthly Price

Base Rent
$660

Total Monthly Price
$660

1 Bedroom, 1 Bath Home for Rent

Available Now

1630 Shasta Dr, Unit 2

1630 Shasta Dr
Colorado SpringsCO80910

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.

property at 715 W Colorado Ave

$670

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$670

Total Monthly Price
$670

1 Bedroom, 1 Bath Townhome for Rent

Available Now

715 W Colorado Ave

Colorado SpringsCO80905
property at 3620 Richmond Dr

$785

Total Monthly Price6 Month Lease Term

Total Monthly Price

Base Rent
$785

Total Monthly Price
$785

1 Bedroom, 1 Bath Home for Rent

Available Apr 30

3620 Richmond Dr, Unit B

3620 Richmond Dr
Colorado SpringsCO80922
property at 6431 Binder Dr

$775

Total Monthly Price

Total Monthly Price

Base Rent
$775

Total Monthly Price
$775

1 Bedroom, 1 Bath Home for Rent

Available Now

6431 Binder Dr

Colorado SpringsCO80923
property at 4102 Maxwell Rd

$800

Total Monthly Price

Total Monthly Price

Base Rent
$800

Total Monthly Price
$800

4 Bedroom, 2 Bath Home for Rent

Available Now

4102 Maxwell Rd

Colorado SpringsCO80909
property at 2405 E St Vrain St

$820

Total Monthly Price

Total Monthly Price

Base Rent
$820

Total Monthly Price
$820

1 Bedroom, 1 Bath Condo for Rent

Available Mar 29

2405 E St Vrain St

Colorado SpringsCO80909
property at 1411 S Corona Ave

$825

Total Monthly Price

Total Monthly Price

Base Rent
$825

Total Monthly Price
$825

2 Bedroom, 1 Bath Condo for Rent

Available Apr 2

1411 S Corona Ave

Colorado SpringsCO80905

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.

property at 2909 Sage St

$875

Total Monthly Price

Total Monthly Price

Base Rent
$875

Total Monthly Price
$875

2 Bedroom, 1 Bath Condo for Rent

Available Apr 11

2909 Sage St

Colorado SpringsCO80907
property at 10832 Matta Dr

$900

Total Monthly Price6 Month Lease Term

Total Monthly Price

Base Rent
$900

Total Monthly Price
$900

1 Bedroom, 1 Bath Home for Rent

Available May 1

10832 Matta Dr, Unit Master room

10832 Matta Dr
Colorado SpringsCO80925
property at 2529 W Vermijo Ave

$900

Total Monthly Price

Total Monthly Price

Base Rent
$900

Total Monthly Price
$900

1 Bedroom Rentals

Available Mar 6

2529 W Vermijo Ave

Colorado SpringsCO80904
property at 5727 Cross Creek Dr

$950

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$950

Total Monthly Price
$950

1 Bedroom, 1 Bath Home for Rent

Available Now

5727 Cross Creek Dr

Colorado SpringsCO80924
property at 1845 Zebulon Dr

$950

Total Monthly Price

Total Monthly Price

Base Rent
$950

Total Monthly Price
$950

2 Bedroom, 1 Bath Condo for Rent

Available Now

1845 Zebulon Dr

Colorado SpringsCO80910
property at 2404 St Paul Dr

$960

Total Monthly Price

Total Monthly Price

Base Rent
$960

Total Monthly Price
$960

Studio, 1 Bath Condo for Rent

Available Now

2404 St Paul Dr

Colorado SpringsCO80910

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

property at 3020 E Bijou St

$985

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$985

Total Monthly Price
$985

2 Bedroom, 1 Bath Condo for Rent

Available Now

3020 E Bijou St, Unit Apt 1A

3020 E Bijou St
Colorado SpringsCO80909
property at 1169 Mazatlan Cir

$995

Total Monthly Price

Total Monthly Price

Base Rent
$995

Total Monthly Price
$995

2 Bedroom, 1 Bath Condo for Rent

Available Now

1169 Mazatlan Cir

Colorado SpringsCO80910
property at 1625 N Murray Blvd

$995 - $1,425

Total Monthly Price

Total Monthly Price

Base Rent
$995

Total Monthly Price
$995

1 To 2 Bedroom Rentals

Available Now

1625 N Murray Blvd

Colorado SpringsCO80915
property at 1050 Mazatlan Cir

$998

Total Monthly Price

Total Monthly Price

Base Rent
$998

Total Monthly Price
$998

2 Bedroom, 1 Bath Home for Rent

Available Now

1050 Mazatlan Cir

Colorado SpringsCO80910
property at 3872 Constitution Ave

$1,000

Total Monthly Price

Total Monthly Price

Base Rent
$1,000

Total Monthly Price
$1,000

1 Bedroom, 1 Bath Townhome for Rent

Available Now

3872 Constitution Ave

Colorado SpringsCO80909
property at 6697 Pahokee Ct

$1,000

Total Monthly Price

Total Monthly Price

Base Rent
$1,000

Total Monthly Price
$1,000

2 Bedroom, 1 Bath Home for Rent

Available Now

6697 Pahokee Ct

Colorado SpringsCO80915
property at 930 Bowser Dr

$1,000

Total Monthly Price

Total Monthly Price

Base Rent
$1,000

Total Monthly Price
$1,000

2 Bedroom, 1 Bath Home for Rent

Available Now

930 Bowser Dr

Colorado SpringsCO80909

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.

property at 1120 Old Dutch Mill Rd

$1,014

Total Monthly Price

Total Monthly Price

Base Rent
$1,014

Total Monthly Price
$1,014

2 Bedroom, 1.5 Bath Condo for Rent

Available Now

1120 Old Dutch Mill Rd

Colorado SpringsCO80907
property at 625 Yuma St

$1,014 - $1,200

Total Monthly Price

Total Monthly Price

Base Rent
$1,014

Total Monthly Price
$1,014

2 Bedroom Rentals

Available Now

625 Yuma St

Colorado SpringsCO80909
property at 1160 Mazatlan Cir

$1,030

Total Monthly Price

Total Monthly Price

Base Rent
$1,030

Total Monthly Price
$1,030

2 Bedroom, 1 Bath Condo for Rent

Available Now

1160 Mazatlan Cir

Colorado SpringsCO80910
property at 7245 Alegre Cir

$1,050

Total Monthly Price

Total Monthly Price

Base Rent
$1,050

Total Monthly Price
$1,050

2 Bedroom, 1 Bath Home for Rent

Available Now

7245 Alegre Cir

FountainCO80817
property at 1135 Valley Manor Ct

$1,050

Total Monthly Price

Total Monthly Price

Base Rent
$1,050

Total Monthly Price
$1,050

1 Bedroom, 1 Bath Condo for Rent

Available Now

1135 Valley Manor Ct

Colorado SpringsCO80906
property at 1015 Western Dr

$1,055

Total Monthly Price

Total Monthly Price

Base Rent
$1,055

Total Monthly Price
$1,055

2 Bedroom, 1 Bath Condo for Rent

Available Now

1015 Western Dr

Colorado SpringsCO80915

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.

Colorado Springs, CO Local Guide

Cheapest Neighborhoods for Apartments in Colorado Springs, CO

Pricing Updated: 03/04/2026

Current apartment rentals in the Colorado Springs, CO area range in price from $588 to $8,353 with an overall median price of $2,739. The three Colorado Springs neighborhoods with the lowest median rent pricing are Divine Redeemer at $753, Spring Creek at $750, and Cragmoor at $679. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Colorado Springs Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Divine Redeemer$1,145$75350
Spring Creek$1,425$75045
Cragmoor$1,475$67936
Ivywild$1,499$92510
U Colorado at Colorado Springs$1,511$679192
Garden Ranch$1,580$70075
Park Hill$1,590$750248
Gateway Park$1,607$750205
Ute Valley Park$1,634$799110
Northeast Colorado Springs$1,640$89959

Cheapest Available Colorado Springs Apartments for Rent

 

The cheapest available apartment rental in Colorado Springs, CO is a 2 Beds unit found at Bentley Commons in the Deerfield Hills neighborhood priced from $588. Southgate Commons in the Downtown neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $649. Here is today’s list of the most affordable Colorado Springs apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Bentley CommonsOne Bedroom2BR,1BA$588
Southgate Commons0BR/1.0BAStudio,1BA$649
11 West | Student HousingThree Bedroom3BR,3BA$679
Peak ViewStudioStudio,1BA$750
The Lofts at Rock Vue1/11BR,1BA$750
Summit Creek ApartmentsStudio ApartmentStudio,1BA$750
Airlan Arms1 Bedroom1BR,1BA$753
Park at Penrose Apartments1x11BR,1BA$771
Kalo Rustic HillsKaloSolo1BR,1BA$775
Marmont Springs ApartmentsGarden1BR,1BA$785

Best Value Apartments for Rent in Colorado Springs, CO

As of March 04, 2026 the best value apartment in the Colorado Springs area is the $0.84 price per square foot 3 x 1.5 Model at The Townhouse Apartments in the in the Deerfield Hills neighborhood starting from $1,600. The second greatest value Colorado Springs apartment is the 1112 N Wahsatch Ave Model at 1112 N Wahsatch Ave, Unit B starting at $1,050 with a $0.81 price per square foot in the Patty Jewett neighborhood. Here is today’s list of the best values for Colorado Springs apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
The Townhouse Apartments3 x 1.53BR,1.5BA$0.84
1112 N Wahsatch Ave, Unit B1112 N Wahsatch Ave2BR,1BA$0.81
11 West | Student HousingTwo Bedroom2BR,2BA$0.78
Yuma Court TownhomesB12BR,1.5BA$1.07
Shadow Wood ChaletB12BR,1BA$1.00
Regal Estates1 Bed 1 Bath1BR,1BA$0.96
Union Blvd Apartments2 Beds, 1 Baths2BR,1BA$1.03
Rosewood Apartments2 Beds, 1 Baths2BR,1BA$0.94
Riverbend Apartments2x1 LVT2BR,1BA$1.11
Aspire Colorado SpringsTwo Bedroom2BR,1BA$1.08

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 Article
Decorative image

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 Article
Decorative image

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.

Read Article
Decorative image

Quick 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.

decorative image of people with a giant lease agreement

Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Colorado Springs, CO Rentals by Map

View Map
Colorado Springs, CO Apartments Map
View Map
Colorado Springs, CO Rental Homes Map

Frequently Asked Questions about Colorado Springs

What type of rentals are currently available in Colorado Springs?

There are currently 1868 Apartments for Rent in Colorado Springs, CO with pricing that ranges from $588 to $8,353. There are also 772 Single Family Homes for rent, Condos, and Townhome rentals currently available in Colorado Springs ranging from $595 to $6,650.

What is the current price range for Rental Homes in Colorado Springs?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Colorado Springs ranges from $595 to $6,650 with an average monthly rent of $2,554.

How much are larger Three and Four Bedroom Rentals in Colorado Springs?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Colorado Springs range from $679 to $6,895, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,275 to $3,070. Four Bedroom Single-Family rentals are also available starting from $650 and Four Bedroom Apartments start at $700.

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

decorative image for A Local Experts Guide To 10 Budget-Friendly Neighborhoods to Rent in Colorado Springs, CO article

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.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

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.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

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.

decorative image for A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment article

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.