Cheap Homes for Rent in Colorado Springs, CO from $500 (121 Rentals)

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property at 4818 Hobkirks Pt

4818 Hobkirks Pt

Colorado SpringsCO80906
property at 1310 Columbia St

1310 Columbia St

Colorado SpringsCO80909
property at 325 Ruskin Dr

325 Ruskin Dr

Colorado SpringsCO80910
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Colorado Springs, CO Local Guide

Cheapest Neighborhoods for Apartments in Colorado Springs, CO

Pricing Updated: 08/04/2025

Current apartment rentals in the Colorado Springs, CO area range in price from $540 to $11,550 with an overall median price of $2,475. The three Colorado Springs neighborhoods with the lowest median rent pricing are Cragmoor at $540, Divine Redeemer at $799, and North End at $916. 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$1,187$54030
Divine Redeemer$1,202$79940
North End$1,207$91610
Shooks Run$1,400$89510
North End Colorado Springs$1,495$89517
Fountain Valley$1,550$8954
Venetian Village$1,560$54040
Pine Cliff$1,650$540183
Ute Valley Park$1,650$899108
Ivywild$1,779$80012

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
Panorama Heights1 Bedroom A1BR,1BA$633
Arbor Pointe ApartmentsOne Bedroom1BR,1BA$739
Shooks Run1x1 40%1BR,1BA$768
Fairway Valley ApartmentsStudioStudio,1BA$775
Alta ApartmentsThe Alp - DesignerStudio,1BA$790
Urban Edge ApartmentsStudioStudio,1BA$795
Come Home to Willow Ridge!1BR/1.0BA1BR,1BA$795
Flower Hill Apartments1 Beds, 1 Baths1BR,1BA$799

Best Value Apartments for Rent in Colorado Springs, CO

As of August 04, 2025 the best value apartment in the Colorado Springs area is the $1.16 price per square foot 3 Bedroom 1.5 Bath Model at Aspen Townhomes in the in the Eastborough neighborhood starting from $1,975. The second greatest value Colorado Springs apartment is the 1620 Monterey Rd Model at 1620 Monterey Rd, Unit 201 starting at $1,850 with a $1.21 price per square foot in the Deerfield Hills 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.
Aspen Townhomes3 Bedroom 1.5 Bath3BR,1.5BA$1.16
1620 Monterey Rd, Unit 2011620 Monterey Rd3BR,2BA$1.21
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
Oakdale Springs Apartments2x2 970 sqft2BR,2BA$1.18
Union Blvd Apartments2 Beds, 1 Baths2BR,1BA$1.03
Rosewood Apartments2 Beds, 1 Baths2BR,1BA$1.00
Riverbend Apartments2 Beds, 1 Baths2BR,1BA$1.11
Shooks Run1x1 40%1BR,1BA$1.08

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Frequently Asked Questions about Colorado Springs

What type of rentals are currently available in Colorado Springs?

There are currently 1928 Apartments for Rent in Colorado Springs, CO with pricing that ranges from $540 to $11,550. There are also 1181 Single Family Homes for rent, Condos, and Townhome rentals currently available in Colorado Springs ranging from $500 to $5,325.

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 $500 to $5,325 with an average monthly rent of $2,098.

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 $11,550, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,100 to $5,325. 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.

decorative image for The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro article

The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Written by: Christine Leonard, Esq.

Hard truth. Moving is never easy. I’ve done it all – from local moves to cross-country relocations From packing to unpacking the last box, I have found moving to be an exhausting, expensive and stressful experience every time.

decorative image for Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting article

Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

Written by: Christine Leonard, Esq.

Throughout the day, think about all the times that you have to pay for something. So many of us reach automatically for a credit card or even our phone for a quick payment.

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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.