
Cheap Homes for Rent in Colorado Springs, CO from $500 (93 Rentals)
Search the lowest-cost Homes available for rent right now in Colorado Springs.


1997 Traces Ln, Unit A

1805 Dewhirst Dr

2060 Dewhirst Dr, Unit 3

1214 N Murray Blvd

427-431 E Bijou St

2013 Whitman Rd

1630 Shasta Dr, Unit 2

2220 Lisa Dr

6825 Timm Ct, Unit Upstairs South Bedroom
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.

715 W Colorado Ave

3620 Richmond Dr, Unit B

6431 Binder Dr

4102 Maxwell Rd

3634 Alpine Pl

5365 Silver Spur Ave

208 Custer Ave

2405 E St Vrain St

1411 S Corona Ave

1709 Hampton S
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.

460 El Paso Blvd

7046 Silvergrass Dr

2909 Sage St

2502 King St

10832 Matta Dr, Unit Master room

2529 W Vermijo Ave

5727 Cross Creek Dr

1845 Zebulon Dr

1075 Magnolia St

2404 St Paul Dr
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

2404 St Paul Dr

3020 E Bijou St, Unit Apt 1A

1169 Mazatlan Cir

1625 N Murray Blvd

1050 Mazatlan Cir

3872 Constitution Ave

6697 Pahokee Ct

930 Bowser Dr

9156 Percheron Pony Dr

3165 Dublin Blvd
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.

2349 Spring Blossom Dr

837 Oxford Ln

903 Boggs Pl

1120 Old Dutch Mill Rd

625 Yuma St

4311 N Chestnut St

1160 Mazatlan Cir

7245 Alegre Cir

1135 Valley Manor Ct

1015 Western Dr
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

How much does it cost to rent a home in Colorado Springs?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Colorado Springs 2 Bedroom Homes for Rent | $1,715 | $825 | $4,200 |
| Colorado Springs 3 Bedroom Homes for Rent | $2,265 | $1,275 | $3,070 |
| Colorado Springs 4 Bedroom Homes for Rent | $2,590 | $650 | $4,500 |
| Colorado Springs 5 Bedroom Homes for Rent | $2,782 | $2,051 | $3,900 |
| Colorado Springs 6 Bedroom Homes for Rent | $3,232 | $2,550 | $4,600 |
| Colorado Springs 7 Bedroom Homes for Rent | $5,125 | $3,600 | $6,650 |
Browse Top Homes for Rent in Colorado Springs
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Colorado Springs, CO Local Guide
- Colorado Springs Neighborhoods
- Nearby Cities
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- Local Counties
- School Districts
Cheapest Neighborhoods for Apartments in Colorado Springs, CO
Pricing Updated: 03/04/2026Current 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:
| Neighborhood | Median Price | Min Price | Available Units |
|---|---|---|---|
| Divine Redeemer | $1,145 | $753 | 50 |
| Spring Creek | $1,425 | $750 | 45 |
| Cragmoor | $1,475 | $679 | 36 |
| Ivywild | $1,499 | $925 | 10 |
| U Colorado at Colorado Springs | $1,511 | $679 | 192 |
| Garden Ranch | $1,580 | $700 | 75 |
| Park Hill | $1,590 | $750 | 248 |
| Gateway Park | $1,607 | $750 | 205 |
| Ute Valley Park | $1,634 | $799 | 110 |
| Northeast Colorado Springs | $1,640 | $899 | 59 |
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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Bentley Commons | One Bedroom | 2BR,1BA | $588 |
| Southgate Commons | 0BR/1.0BA | Studio,1BA | $649 |
| 11 West | Student Housing | Three Bedroom | 3BR,3BA | $679 |
| Peak View | Studio | Studio,1BA | $750 |
| The Lofts at Rock Vue | 1/1 | 1BR,1BA | $750 |
| Summit Creek Apartments | Studio Apartment | Studio,1BA | $750 |
| Airlan Arms | 1 Bedroom | 1BR,1BA | $753 |
| Park at Penrose Apartments | 1x1 | 1BR,1BA | $771 |
| Kalo Rustic Hills | KaloSolo | 1BR,1BA | $775 |
| Marmont Springs Apartments | Garden | 1BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Townhouse Apartments | 3 x 1.5 | 3BR,1.5BA | $0.84 |
| 1112 N Wahsatch Ave, Unit B | 1112 N Wahsatch Ave | 2BR,1BA | $0.81 |
| 11 West | Student Housing | Two Bedroom | 2BR,2BA | $0.78 |
| Yuma Court Townhomes | B1 | 2BR,1.5BA | $1.07 |
| Shadow Wood Chalet | B1 | 2BR,1BA | $1.00 |
| Regal Estates | 1 Bed 1 Bath | 1BR,1BA | $0.96 |
| Union Blvd Apartments | 2 Beds, 1 Baths | 2BR,1BA | $1.03 |
| Rosewood Apartments | 2 Beds, 1 Baths | 2BR,1BA | $0.94 |
| Riverbend Apartments | 2x1 LVT | 2BR,1BA | $1.11 |
| Aspire Colorado Springs | Two Bedroom | 2BR,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 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 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.
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.
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Colorado Springs, CO Rentals by Map
See the most popular apartments and homes in Colorado Springs, CO
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

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.