Cheap Homes for Rent in Colorado Springs, CO from $400 (139 Rentals)

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property at 1997 Traces Ln

1997 Traces Ln, Unit A

1997 Traces Ln
Colorado SpringsCO80951
property at 4818 Hobkirks Pt

4818 Hobkirks Pt

Colorado SpringsCO80906
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Colorado Springs, CO Local Guide

Cheapest Neighborhoods for Apartments in Colorado Springs, CO

Pricing Updated: 09/18/2025

Current apartment rentals in the Colorado Springs, CO area range in price from $540 to $11,141 with an overall median price of $2,411. The three Colorado Springs neighborhoods with the lowest median rent pricing are Cragmoor at $540, Divine Redeemer at $799, and North End at $879. 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
Cragmoor$1,095$54020
Divine Redeemer$1,199$79940
North End$1,238$87912
Fountain Valley$1,250$1,1953
Patty Jewett$1,295$9958
Oak Valley Ranch$1,425$1,2501
Garden Ranch$1,600$60063
Northeast Colorado Springs$1,600$99963
Broadmoor Oaks$1,634$99967
Pulpit Rock$1,650$999156

Cheapest Available Colorado Springs Apartments for Rent

 

The cheapest available apartment rental in Colorado Springs, CO is a 3 Beds unit found at 11 West | Student Housing in the Venetian Village neighborhood priced from $540. Bentley Commons in the Deerfield Hills neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $588. Here is today’s list of the most affordable Colorado Springs apartments for rent:

Apartment ListingModel NameBed/BathPriced From
11 West | Student HousingThree Bedroom3BR,3BA$540
Bentley CommonsOne Bedroom2BR,1BA$588
Shooks Run2x2 30%2BR,2BA$668
Incline ApartmentsStudioStudio,1BA$699
Arbor Pointe ApartmentsOne Bedroom1BR,1BA$739
Summit Creek ApartmentsCozy Studio Affordable Apartment in Colorado Sp...Studio,1BA$750
Alta ApartmentsThe Peak - DesignerStudio,1BA$765
Come Home to Willow Ridge!1BR/1.0BA1BR,1BA$771
Fairway Valley ApartmentsStudioStudio,1BA$775

Best Value Apartments for Rent in Colorado Springs, CO

As of September 19, 2025 the best value apartment in the Colorado Springs area is the $1.03 price per square foot **** Move In Special $300 off total move in am... Model at The Townhouse Apartments in the in the Deerfield Hills neighborhood starting from $1,950. The second greatest value Colorado Springs apartment is the 1112 N Wahsatch Ave Model at 1112 N Wahsatch Ave, Unit B starting at $1,450 with a $1.12 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 Apartments**** Move In Special $300 off total move in am...3BR,1.5BA$1.03
1112 N Wahsatch Ave, Unit B1112 N Wahsatch Ave2BR,1BA$1.12
The Creek at Cottonwood Apartment Homes2x22BR,2BA$1.10
11 West | Student HousingTwo Bedroom2BR,2BA$0.65
Regal Estates1 Bed 1 Bath1BR,1BA$0.96
Homewood Point2BR/2.0BA2BR,2BA$0.87
Union Blvd Apartments2 Beds, 1 Baths2BR,1BA$1.03
Rosewood Apartments2 Beds, 1 Baths2BR,1BA$0.94
Riverbend Apartments2 Beds, 1 Baths2BR,1BA$1.11
Shooks Run1x1 40%1BR,1BA$1.08

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Colorado Springs, CO
Population: 472,688

Ranked #39

in US Census Population by City

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Pet Friendly Lifestyle
Colorado Springs, CO

Ranked #5

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

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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

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Frequently Asked Questions about Colorado Springs

What type of rentals are currently available in Colorado Springs?

There are currently 1947 Apartments for Rent in Colorado Springs, CO with pricing that ranges from $540 to $11,141. There are also 1326 Single Family Homes for rent, Condos, and Townhome rentals currently available in Colorado Springs ranging from $450 to $6,500.

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 $450 to $6,500 with an average monthly rent of $2,165.

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 $540 to $11,141, while Three Bedroom Homes, Condos, and Townhomes for rent range from $800 to $3,955. Four Bedroom Single-Family rentals are also available starting from $1,795 and Four Bedroom Apartments start at $1,719.

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.

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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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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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.

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Your Guide to Co-Signers: The Risks, Rewards, and Everything in Between

Written by: Christine Leonard, Esq.

For many people, obstacles can arise during the rental application process for a variety of issues.