Cheap Homes for Rent in Colorado Springs, CO from $500 (104 Rentals)

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

property at 1630 Shasta Dr

$595 - $925

Total Monthly Price6 Month Lease Term

Total Monthly Price

Base Rent
$595 - $925

Total Monthly Price
$595 - $925

1 Bedroom, 1 Bath Home for Rent

Available Now

1630 Shasta Dr

Colorado SpringsCO80910
property at 4260 McPherson Ave

$595 - $690

Total Monthly Price6 Month Lease Term

Total Monthly Price

Base Rent
$595 - $690

Total Monthly Price
$595 - $690

1 Bedroom, 1 Bath Home for Rent

Available Now

4260 McPherson Ave

Colorado SpringsCO80909
property at 1805 Dewhirst Dr

$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

1805 Dewhirst Dr

Colorado SpringsCO80951
property at 2060 Dewhirst Dr

$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

2060 Dewhirst Dr, Unit 3, Unit 3

2060 Dewhirst Dr
Colorado SpringsCO80951
property at 2619 Weir Ave

$600

Total Monthly Price

Total Monthly Price

Base Rent
$600

Total Monthly Price
$600

1 Bedroom, 1 Bath Home for Rent

Available Now

2619 Weir Ave

Colorado SpringsCO80910
property at 3620 Richmond Dr

$630 - $730

Total Monthly Price6 Month Lease Term

Total Monthly Price

Base Rent
$630 - $730

Total Monthly Price
$630 - $730

1 Bedroom, 1 Bath Home for Rent

Available Now

3620 Richmond Dr

Colorado SpringsCO80922

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.

property at 6930 Cotton Dr

$675

Total Monthly Price

Total Monthly Price

Base Rent
$675

Total Monthly Price
$675

1 Bedroom, 1 Bath Condo for Rent

Available Now

6930 Cotton Dr

Colorado SpringsCO80923

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 5168 Roundhouse Dr

$825

Total Monthly Price6 Month Lease Term

Total Monthly Price

Base Rent
$825

Total Monthly Price
$825

5 Bedroom, 4 Bath Home for Rent

Available Now

5168 Roundhouse Dr

Colorado SpringsCO80925
property at 15 Narrows Rd

$850

Total Monthly Price

Total Monthly Price

Base Rent
$850

Total Monthly Price
$850

Studio, 1 Bath Home for Rent

Available Now

15 Narrows Rd

Manitou SpringsCO80829
property at 5331 Wagon Hammer Dr

$860 - $1,250

Total Monthly Price6 Month Lease Term

Total Monthly Price

Base Rent
$860 - $1,250

Total Monthly Price
$860 - $1,250

1 Bedroom, 1 Bath Home for Rent

Available Now

5331 Wagon Hammer Dr

Colorado SpringsCO80925

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 Now

2909 Sage St

Colorado SpringsCO80907
property at 732 S Royer St

$895

Total Monthly Price

Total Monthly Price

Base Rent
$895

Total Monthly Price
$895

1 Bedroom, 1 Bath Home for Rent

Available Now

732 S Royer St

Colorado SpringsCO80903
property at 1606 McKay Way

$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 Now

1606 McKay Way

Colorado SpringsCO80915
property at 625 Yuma St

$914 - $1,200

Total Monthly Price

Total Monthly Price

Base Rent
$914

Total Monthly Price
$914

2 Bedroom Rentals

Available Now

625 Yuma St

Colorado SpringsCO80909
property at 1997 Traces Ln

$930

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$930

Total Monthly Price
$930

1 Bedroom, 1 Bath Home for Rent

Available May 31

1997 Traces Ln, Unit 1, Unit 1

1997 Traces Ln
Colorado SpringsCO80951
property at 357 Gahart Dr

$950

Total Monthly Price

Total Monthly Price

Base Rent
$950

Total Monthly Price
$950

2 Bedroom, 1 Bath Condo for Rent

Available Jun 3

357 Gahart Dr

Colorado SpringsCO80916

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 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
property at 6353 Village Ln

$1,025

Total Monthly Price

Total Monthly Price

Base Rent
$1,025

Total Monthly Price
$1,025

1 Bedroom, 1 Bath Home for Rent

Available Now

6353 Village Ln

Colorado SpringsCO80918
property at 900 Saturn Dr

$1,025 - $1,125

Total Monthly Price

Total Monthly Price

Base Rent
$1,025

Total Monthly Price
$1,025

1 Bedroom Rentals

Available Now

900 Saturn Dr

Colorado SpringsCO80905

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.

Colorado Springs, CO Local Guide

Cheapest Neighborhoods for Apartments in Colorado Springs, CO

Pricing Updated: 04/18/2026

Current apartment rentals in the Colorado Springs, CO area range in price from $499 to $6,296 with an overall median price of $2,362. The three Colorado Springs neighborhoods with the lowest median rent pricing are Spring Creek at $750, Cragmoor at $649, and Venetian Village at $649. 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
Spring Creek$1,075$75033
Cragmoor$1,203$64939
Venetian Village$1,203$64947
North End$1,256$8839
Shooks Run$1,322$8954
U Colorado at Colorado Springs$1,431$499172
Oak Hills$1,495$49963
Palmer Park$1,499$649227
Ivywild$1,500$85014
Gateway Park$1,549$750173

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. 11 West | Student Housing in the Venetian Village neighborhood has the second lowest priced unit, which is a 3 Beds 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
11 West | Student HousingThree Bedroom3BR,3BA$649
Pinewood Apartments520 - 1 Bedroom 1 Bath1BR,1BA$695
Greentree Village2x1C2BR,1BA$703
Incline ApartmentsStudioStudio,1BA$725
Southgate Commons1 Bedroom - No Balcony1BR,1BA$729
The MontelenaStudioStudio,1BA$749
Summit Creek ApartmentsStudio ApartmentStudio,1BA$750
Gardens at Hidden Creek ApartmentsStudio 1Studio,1BA$750
Kalo Village SevenKaloSolo1BR,1BA$750

Best Value Apartments for Rent in Colorado Springs, CO

As of April 18, 2026 the best value apartment in the Colorado Springs area is the $1.19 price per square foot 2x2 Model at The Creek at Cottonwood Apartment Homes in the in the Stetson Run neighborhood starting from $1,329. The second greatest value Colorado Springs apartment is the Two Bedroom Model at 11 West | Student Housing starting at $769 with a $0.75 price per square foot in the Venetian Village 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 Creek at Cottonwood Apartment Homes2x22BR,2BA$1.19
11 West | Student HousingTwo Bedroom2BR,2BA$0.75
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
Greentree Village2x1B2BR,1BA$1.11
Stone Canyon2BD, 1BTH2BR,1BA$1.19
Riverbend Apartments2x1 LVT2BR,1BA$0.99
Jasmine Springs2 Bedroom, 1 Bath2BR,1BA$1.18

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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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.

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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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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.

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

Explore Colorado Springs, CO Rentals by Map

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Frequently Asked Questions about Colorado Springs

What type of rentals are currently available in Colorado Springs?

There are currently 1866 Apartments for Rent in Colorado Springs, CO with pricing that ranges from $499 to $6,296. There are also 718 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 $2,662.

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 $525 to $6,296, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,000 to $3,600. Four Bedroom Single-Family rentals are also available starting from $650 and Four Bedroom Apartments start at $499.

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.

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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.

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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.

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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.