
Cheap Homes for Rent in Colorado Springs, CO from $550 (157 Rentals)
Search the lowest-cost Homes available for rent right now in Colorado Springs.


427-431 E Bijou St

2225 Bucolo Ave

815 N Nevada Ave

1630 Shasta Dr, Unit 5

3620 Richmond Dr, Unit 2

1185 Stanton St

2220 Lisa Dr

3135 Vickers Dr

1179 Westmoreland Rd, Unit Top Floor North
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

1997 Traces Ln

2060 Dewhirst Dr

6825 Timm Ct, Unit Upstairs South Bedroom

4039 Cooke Dr, Unit Downstairs Bedroom 1

1501 Coolcrest Dr

1411 S Corona Ave

3419 W Colorado Ave, Unit 101C

2731 Avalanche Heights

2325 Royal Palm Dr

616 W Kiowa St
Rent According to Income: A Look at Income-Restricted Rentals
Find income-restricted rentals and housing subsidies. Explore government programs designed to help low-income families secure stable, affordable housing.

325 Bonnie Ct

6431 Binder Dr

3108 Moonbeam Cir S

1501 Coolcrest Dr

942 E Las Animas St, Unit Cabin

837 Oxford Ln, Unit 101

333 Bonnie Ct

326 E St Vrain St

1931 Henderson Ave, Unit 2

5168 Roundhouse Dr
Renters Insurance 101: What It Is, What It Covers, and Why You Need It
From theft to fire to water damage, the unexpected can happen to any renter. Discover why renters insurance is one of the smartest and most affordable investments you can make as a tenant.

1165 Chiricahua Loop

7744 Bone Crk Pt

1520 E Pikes Peak Ave

2631 W Pikes Peak Ave

5365 Silver Spur Ave

1025 W Cimarron St

10832 Matta Dr

1306 Columbia St

2068 Fernwood Dr

1931 Henderson Ave, Unit 8
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

315 May Dr

1501 Coolcrest Dr

1011-B N Corona St

4245 Loomis Ave, Unit 4

1019 Prairie Rd

621 Cooper Ave

1105 Cree Dr

329 Bonnie Ct

702 Yuma St

837 Oxford Ln, Unit 101
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.
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 | $1,675 | $700 | $4,000 |
| Colorado Springs 3 Bedroom Homes for Rent | $2,247 | $1,245 | $3,795 |
| Colorado Springs 4 Bedroom Homes for Rent | $2,618 | $1,650 | $5,500 |
| Colorado Springs 5 Bedroom Homes for Rent | $2,886 | $850 | $4,195 |
| Colorado Springs 6 Bedroom Homes for Rent | $3,452 | $2,385 | $5,100 |
| Colorado Springs 7 Bedroom Homes for Rent | $4,792 | $2,935 | $6,650 |
Browse Top Homes for Rent in Colorado Springs
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Colorado Springs, CO Local Guide
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Cheapest Neighborhoods for Apartments in Colorado Springs, CO
Pricing Updated: 09/07/2026Current apartment rentals in the Colorado Springs, CO area range in price from $244 to $6,633 with an overall median price of $1,612. The three Colorado Springs neighborhoods with the lowest median rent pricing are Spring Creek at $925, Spring Valley Ranch at $956, and Southeast Colorado Springs at $1,050. 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 |
|---|---|---|---|
| Spring Creek | $925 | $775 | 19 |
| Spring Valley Ranch | $956 | $760 | 108 |
| Southeast Colorado Springs | $1,050 | $588 | 73 |
| Park Hill | $1,065 | $775 | 147 |
| SE Colorado Springs | $1,072 | $588 | 68 |
| Divine Redeemer | $1,078 | $770 | 26 |
| Pikes Peak Park | $1,102 | $760 | 108 |
| Knob Hill | $1,104 | $799 | 34 |
| Palmer Park | $1,105 | $244 | 113 |
| Venetian Village | $1,106 | $599 | 15 |
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. 409 N. Cascade Avenue in the Downtown neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $650. 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 |
| 409 N. Cascade Avenue | 0BR/1.0BA | Studio,1BA | $650 |
| Swope Ave Apartments | 1BR/1.0BA | 1BR,1BA | $699 |
| Newport Square | A2 | 1BR,1BA | $732 |
| 325 Bonnie Ct | 1 Beds, 1 Baths | 1BR,1BA | $750 |
| Alta Apartments | The Peak | Studio,1BA | $760 |
| Airlan Arms | 1 Bedroom | 1BR,1BA | $770 |
| Garrison Edge | S1 | Studio,1BA | $774 |
| Park at Penrose Apartments | 1x1 | 1BR,1BA | $780 |
| Hyde Park North | Kensington | 1BR,1BA | $790 |
Best Value Apartments for Rent in Colorado Springs, CO
As of September 07, 2026 the best value apartment in the Colorado Springs area is the $0.95 price per square foot B2 Model at Broadview Ridge in the in the Stratton Meadows neighborhood starting from $2,252. The second greatest value Colorado Springs apartment is the 3BR/2.5BA Model at 1248 Nichols Blvd starting at $1,705 with a $1.14 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Broadview Ridge | B2 | 2BR,2.5BA | $0.95 |
| 1248 Nichols Blvd | 3BR/2.5BA | 3BR,2.5BA | $1.14 |
| Park Bonfoy | B4 | 2BR,2BA | $1.15 |
| Regal Estates | 1 Bed 1 Bath | 1BR,1BA | $0.86 |
| Rosewood Apartments | 2 Beds, 1 Baths | 2BR,1BA | $0.94 |
| Bowden Loop | 2BR/1.0BA | 2BR,1BA | $0.99 |
| Greentree Village | 2x1A | 2BR,1BA | $1.16 |
| Jubilee Apartments | 2 Beds, 1 Baths | 2BR,1BA | $1.05 |
| 2127 Preuss Rd | 2 Beds, 1 Baths | 2BR,1BA | $1.13 |
| 335 Ruskin Dr | 2 Beds, 1 Baths | 2BR,1BA | $1.11 |
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 ArticleNavigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
Read ArticleReal Estate and Rental Term Glossary | ApartmentHomeLiving.com Renter University
From the letter A all the way to the letter Z, the Real Estate and Rental Term Glossary from the content team at ApartmentHomeLiving.com provides our visitors and shoppers with a little clarity and helpful guidance in navigating the real estate world through definitions and explainers for the top subjects and terms that someone may come across during the leasing, buying, or selling process.
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 2032 Apartments for Rent in Colorado Springs, CO with pricing that ranges from $499 to $6,814. There are also 1098 Single Family Homes for rent, Condos, and Townhome rentals currently available in Colorado Springs ranging from $550 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 $550 to $6,650 with an average monthly rent of $2,180.
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 $6,688, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,245 to $3,795. Four Bedroom Single-Family rentals are also available starting from $1,650 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

Colorado Springs Student Renting: An Insider's Look at Top Colleges and Student Neighborhoods
Written by: Darla Ferrara
If your perfect college experience involves a blend of breathtaking mountain views and vibrant city living, then Colorado Springs, CO, might be the right choice for you.

Rent According to Income: A Look at Income-Restricted Rentals
Written by: Robin Stewart
The idea of affordable housing can be subjective. Every individual is in a different place financially and vocationally. What one may easily afford could be a struggle for someone else.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.