Cheap Homes for Rent in Colorado Springs, CO from $500 (88 Rentals)

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

property at 4260 McPherson Ave

$595 - $900

Total Monthly Price6 Month Lease Term

Total Monthly Price

Base Rent
$595 - $900

Total Monthly Price
$595 - $900

1 Bedroom, 1 Bath Home for Rent

Available Now

4260 McPherson Ave

Colorado SpringsCO80909
property at 1805 Dewhirst Dr

$597

Total Monthly Price6 Month Lease Term

Total Monthly Price

Base Rent
$597

Total Monthly Price
$597

1 Bedroom, 1 Bath Home for Rent

Available Now

1805 Dewhirst Dr

Colorado SpringsCO80951
property at 1630 Shasta Dr

$600 - $950

Total Monthly Price6 Month Lease Term

Total Monthly Price

Base Rent
$600 - $950

Total Monthly Price
$600 - $950

1 Bedroom, 1 Bath Home for Rent

Available Now

1630 Shasta Dr

Colorado SpringsCO80910
property at 2060 Dewhirst Dr

$600

Total Monthly Price6 Month Lease Term

Total Monthly Price

Base Rent
$600

Total Monthly Price
$600

1 Bedroom, 1 Bath Home for Rent

Available Now

2060 Dewhirst Dr, Unit 3

2060 Dewhirst Dr
Colorado SpringsCO80951
property at 427-431 E Bijou St

$600

Total Monthly Price

Total Monthly Price

Base Rent
$600

Total Monthly Price
$600

Studio, 1 Bath Condo for Rent

Available Now

427-431 E Bijou St

Colorado SpringsCO80903

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 3620 Richmond Dr

$700 - $755

Total Monthly Price6 Month Lease Term

Total Monthly Price

Base Rent
$700 - $755

Total Monthly Price
$700 - $755

1 Bedroom, 1 Bath Home for Rent

Available Now

3620 Richmond Dr

Colorado SpringsCO80922
property at 815 N Nevada Ave

$750

Total Monthly Price

Total Monthly Price

Base Rent
$750

Total Monthly Price
$750

1 Bedroom, 2.5 Bath Condo for Rent

Available Now

815 N Nevada Ave

Colorado SpringsCO80903
property at 2225 Bucolo Ave

$795

Total Monthly Price6 Month Lease Term

Total Monthly Price

Base Rent
$795

Total Monthly Price
$795

1 Bedroom, 1 Bath Home for Rent

Available Now

2225 Bucolo Ave, Unit 1

2225 Bucolo Ave
Colorado SpringsCO80951
property at 2436 E Monument St

$799

Total Monthly Price

Total Monthly Price

Base Rent
$799

Total Monthly Price
$799

1 Bedroom, 1 Bath Condo for Rent

Available Apr 26

2436 E Monument St

Colorado SpringsCO80909

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 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 Apr 8

5168 Roundhouse Dr

Colorado SpringsCO80925
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
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 Apr 11

2909 Sage St

Colorado SpringsCO80907

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 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 809 S Hancock Ave

$950

Total Monthly Price

Total Monthly Price

Base Rent
$950

Total Monthly Price
$950

1 Bedroom, 1 Bath Condo for Rent

Available May 4

809 S Hancock Ave

Colorado SpringsCO80903
property at 732 S Royer St

$950

Total Monthly Price

Total Monthly Price

Base Rent
$950

Total Monthly Price
$950

1 Bedroom, 1 Bath Home for Rent

Available Now

732 S Royer St

Colorado SpringsCO80903
property at 10832 Matta Dr

$950

Total Monthly Price6 Month Lease Term

Total Monthly Price

Base Rent
$950

Total Monthly Price
$950

1 Bedroom, 1 Bath Home for Rent

Available May 1

10832 Matta Dr, Unit Master room

10832 Matta Dr
Colorado SpringsCO80925
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

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.

property at 1160 Mazatlan Cir

$1,045

Total Monthly Price

Total Monthly Price

Base Rent
$1,045

Total Monthly Price
$1,045

2 Bedroom, 1 Bath Condo for Rent

Available Now

1160 Mazatlan Cir

Colorado SpringsCO80910
property at 1135 Valley Manor Ct

$1,050

Total Monthly Price

Total Monthly Price

Base Rent
$1,050

Total Monthly Price
$1,050

1 Bedroom, 1 Bath Condo for Rent

Available Now

1135 Valley Manor Ct

Colorado SpringsCO80906
property at 7245 Alegre Cir

$1,050

Total Monthly Price

Total Monthly Price

Base Rent
$1,050

Total Monthly Price
$1,050

2 Bedroom, 1 Bath Home for Rent

Available Now

7245 Alegre Cir

FountainCO80817
property at 3450 Cochran Dr

$1,050

Total Monthly Price

Total Monthly Price

Base Rent
$1,050

Total Monthly Price
$1,050

2 Bedroom, 1 Bath Condo for Rent

Available May 20

3450 Cochran Dr

Colorado SpringsCO80916
property at 1015 Western Dr

$1,055

Total Monthly Price

Total Monthly Price

Base Rent
$1,055

Total Monthly Price
$1,055

2 Bedroom, 1 Bath Condo for Rent

Available Now

1015 Western Dr

Colorado SpringsCO80915
property at 3306 W Platte Ave

$1,100

Total Monthly Price

Total Monthly Price

Base Rent
$1,100

Total Monthly Price
$1,100

2 Bedroom, 1 Bath Condo for Rent

Available Now

3306 W Platte Ave

Colorado SpringsCO80904
property at 2014 N 7th St

$1,122

Total Monthly Price

Total Monthly Price

Base Rent
$1,122

Total Monthly Price
$1,122

2 Bedroom, 1 Bath Condo for Rent

Available Now

2014 N 7th St

Colorado SpringsCO80907
property at 1120 Mazatlan Cir

$1,145

Total Monthly Price

Total Monthly Price

Base Rent
$1,145

Total Monthly Price
$1,145

2 Bedroom Rentals

Available Now

1120 Mazatlan Cir

Colorado SpringsCO80910

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

Cheapest Neighborhoods for Apartments in Colorado Springs, CO

Pricing Updated: 04/02/2026

Current apartment rentals in the Colorado Springs, CO area range in price from $525 to $6,156 with an overall median price of $2,344. 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$1,065$75048
Cragmoor$1,204$64940
Venetian Village$1,204$64951
Shooks Run$1,250$9006
Palmer Park$1,341$649235
U Colorado at Colorado Springs$1,409$525179
Divine Redeemer$1,458$76342
Ivywild$1,499$92017
Gateway Park$1,549$750181
Garden Ranch$1,580$83070

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
The MontelenaStudioStudio,1BA$699
Greentree Village2x1C2BR,1BA$703
Southgate Commons1 Bedroom - No Balcony1BR,1BA$729
Central HeightsA11BR,1BA$739
Incline ApartmentsStudioStudio,1BA$749
Summit Creek ApartmentsStudio ApartmentStudio,1BA$750
Gardens at Hidden Creek ApartmentsStudio 1Studio,1BA$750

Best Value Apartments for Rent in Colorado Springs, CO

As of April 02, 2026 the best value apartment in the Colorado Springs area is the $1.04 price per square foot 5507 Fiesta Ln Model at 5507 Fiesta Ln, Unit 5509 in the in the Norwood neighborhood starting from $1,875. The second greatest value Colorado Springs apartment is the 2BD, 1BTH 1050 Model at The Carlson Apartments starting at $1,200 with a $1.14 price per square foot in the Knob Hill 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.
5507 Fiesta Ln, Unit 55095507 Fiesta Ln3BR,2BA$1.04
The Carlson Apartments2BD, 1BTH 10502BR,1BA$1.14
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$1.18
Riverbend Apartments2x1 LVT2BR,1BA$1.05

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.

Read Article
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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.

Read Article
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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 1863 Apartments for Rent in Colorado Springs, CO with pricing that ranges from $525 to $6,156. There are also 669 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 $2,618.

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 $649 to $6,156, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,500 to $3,495. Four Bedroom Single-Family rentals are also available starting from $650 and Four Bedroom Apartments start at $525.

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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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.

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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.