Cheap Apartments for Rent in the Knob Hill Neighborhood of Colorado Springs, CO from $700 (63 Rentals)

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Search the lowest-cost Apartments available for rent right now in the Knob Hill area of Colorado Springs.

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Knob Hill, Colorado Springs, CO Local Guide

Cheapest Available Knob Hill Apartments for Rent

 

The cheapest available apartment rental in the Knob Hill area of Colorado Springs, CO is a Studio unit found at Peak View priced from $750. 11 West | Student Housing has the second lowest priced unit, which is a 3 Beds apartment currently listed from $750. Here are the most affordable Knob Hill apartments for rent in Colorado Springs, CO:

Apartment ListingModel NameBed/BathPriced From
Peak ViewStudioStudio,1BA$750
11 West | Student HousingThree Bedroom3BR,3BA$750
Ascent Apartments1 Bedroom1BR,1BA$756
Park at Penrose Apartments1x11BR,1BA$763
Airlan ArmsStudioStudio,1BA$773
The MontelenaStudioStudio,1BA$795
Central HeightsA11BR,1BA$795
Pinewood Apartments520 - 1 Bedroom 1 Bath1BR,1BA$795
Aviator Apartments1BR/1BA - A11BR,1BA$799
Pine CrestST2Studio,1BA$799

Best Value Apartments for Rent in Knob Hill, CO

As of January 24, 2026 the best value apartment in the Knob Hill area is the $0.83 price per square foot Two Bedroom Model at 11 West | Student Housing in the in the Venetian Village neighborhood starting from $849. The second greatest value Knob Hill apartment is the 1 Bed 1 Bath Model at Regal Estates starting at $959 with a $0.96 price per square foot in the Eastborough neighborhood. Here is today’s list of the best values for Knob Hill apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
11 West | Student HousingTwo Bedroom2BR,2BA$0.83
Regal Estates1 Bed 1 Bath1BR,1BA$0.96
Kalo SpringsKaloDuo-Premium2BR,1BA$1.25
Greentree Village2x1B2BR,1BA$1.20
Canyon Ranch Apartments2x1 885 sq ft2BR,1BA$1.21
Aspire Colorado SpringsTwo Bedroom2BR,1BA$1.27
The Park at Whispering Pines1X1 Fully Remodel1BR,1BA$1.28
Stone Canyon1BD, 1BTH1BR,1BA$1.29
Ascent Apartments1 Bedroom1BR,1BA$1.18
Pikes Place on San MiguelA11BR,1BA$1.28

Don't Settle: How to Negotiate Your Apartment Lease and Save Money

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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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Lifestyle Ratings

ApartmentHomeLiving.com compares millions of points of data to bring you comprehensive Lifestyle Ratings of rentals and neighborhoods across the USA, including Colorado Springs. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including searching for the best amenities, and proximity to parks, places to raise kids, raising pets, transit options, and other valuable search options. These search options are in the site filters at the top of this page.

Frequently Asked Questions about Cheap Knob Hill Apartments

What is a cheap apartment in Knob Hill?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Knob Hill is under $799.

What is the price of a cheap apartment in Knob Hill?

The cheapest apartment in Knob Hill is Ascent Apartments which is listed at $756, while the average apartment in Knob Hill costs $2,873.

What types of apartments are the cheapest in Knob Hill?

Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 35 regular apartments in Knob Hill that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.

How do the prices of cheap apartments compare to the average apartment in Knob Hill?

Cheap apartments in Knob Hill have an average cost of $140 which is $2,733 cheaper than the average rent for all rentals in Knob Hill.

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

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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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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.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.