
Cheap Apartments for Rent in the Knob Hill Neighborhood of Colorado Springs, CO from $500 (66 Rentals)
Search the lowest-cost Apartments available for rent right now in the Knob Hill area of Colorado Springs.


Pinewood Apartments

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Park at Penrose Apartments

Newport Square

BG - SUMMIT VIEW APARTMENTS

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Orchid Flats

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Pikes Place on San Miguel

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The Montelena

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Fir Tree

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Gardens at Hidden Creek Apartments
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

Regal Estates

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Airlan Arms

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Oakridge on the Green

3960 Galley Rd

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Ascent Apartments

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Aspire Colorado Springs

Peak 4420 on E Pikes Peak

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Oakwood Bend Oakwood Bend

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Emory

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Park at Palmer Apartments
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.

The Park at Whispering Pines

Mountain Pointe Apartments

Citadel Village Apartments

Birchwood Village

Canyon Ranch Apartments

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The Carlson Apartments

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Stone Canyon

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Mountain Ridge

Greentree Village

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Aspire Palmer Park
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.

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Crestmoor Apartments

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Kingsborough Apartments

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Cottages at North Carefree

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Devonshire Square

Penrose Plaza

Mason Manor Apartments

Yuma Court Townhomes

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Eastcrest Apartments

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Oakdale Springs

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Parc at Prairie Grass
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.

Windmill Apartments

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Academy Heights Apartments

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Chateau

Willows at Printers Park Apartments

1405 Tappan Cir, Unit 1403GardenLevelUnit

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Retreat at Patriot Park

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Creekside at Palmer Park

Copper Creek

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Kaleidos

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Cortland Peterson
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.
Knob Hill, Colorado Springs, CO Local Guide

How much does it cost to rent an apartment in Knob Hill?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Knob Hill Studio Apartments | $899 | $799 | $1,043 |
| Knob Hill 1 Bedroom Apartments | $1,287 | $695 | $2,070 |
| Knob Hill 2 Bedroom Apartments | $1,677 | $699 | $2,768 |
| Knob Hill 3 Bedroom Apartments | $2,030 | $599 | $5,572 |
| Knob Hill 4 Bedroom Apartments | $2,704 | $2,395 | $2,966 |
Browse Apartments in this Neighborhood
There are currently 66 rentals with your search options within a 2 mile radius of the Knob Hill Neighborhood of Colorado Springs, CO.
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Knob Hill, Colorado Springs, CO Local Guide
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Cheapest Available Knob Hill Apartments for Rent
 The cheapest available apartment rental in the Knob Hill area of Colorado Springs, CO is a 3 Beds unit found at 11 West | Student Housing priced from $599. Pinewood Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $695. Here are the most affordable Knob Hill apartments for rent in Colorado Springs, CO:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 11 West | Student Housing | Three Bedroom | 3BR,3BA | $599 |
| Pinewood Apartments | 520 - 1 Bedroom 1 Bath | 1BR,1BA | $695 |
| Park at Penrose Apartments | 1X1 (50 AMI) | 1BR,1BA | $731 |
| Newport Square | A1 | 1BR,1BA | $732 |
| BG - SUMMIT VIEW APARTMENTS | 1BR/1.0BA | 1BR,1BA | $795 |
| The Montelena | Studio | Studio,1BA | $799 |
| Gardens at Hidden Creek Apartments | 1/1.00 | 1BR,1BA | $800 |
| Kalo Rustic Hills | KaloSolo | 1BR,1BA | $825 |
| Citadel West | CTEF | 1BR,1BA | $825 |
| Airlan Arms | 1 Bedroom | 1BR,1BA | $834 |
Best Value Apartments for Rent in Knob Hill, CO
As of July 27, 2026 the best value apartment in the Knob Hill area is the $0.50 price per square foot Three Bedroom Model at 11 West | Student Housing in the in the Venetian Village neighborhood starting from $599. The second greatest value Knob Hill apartment is the 3BR/1BA - C1 Model at Aviator Apartments starting at $1,315 with a $1.27 price per square foot in the Knob Hill neighborhood. Here is today’s list of the best values for Knob Hill apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 11 West | Student Housing | Three Bedroom | 3BR,3BA | $0.50 |
| Aviator Apartments | 3BR/1BA - C1 | 3BR,1BA | $1.27 |
| Regal Estates | 1 Bed 1 Bath | 1BR,1BA | $0.86 |
| Kalo Springs | KaloDuo-Premium | 2BR,1BA | $1.31 |
| Greentree Village | 2x1A | 2BR,1BA | $1.15 |
| Pine Crest | B1 | 2BR,1BA | $1.28 |
| Crestmoor Apartments | 1 bed, 1 bath | 1BR,1BA | $1.26 |
| The Park at Whispering Pines | 1X1 Fully Remodel | 1BR,1BA | $1.24 |
| Vista Peak | 1x1 | 1BR,1BA | $1.31 |
| Pinewood Apartments | 520 - 1 Bedroom 1 Bath | 1BR,1BA | $1.34 |
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 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.
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 $834.
What is the price of a cheap apartment in Knob Hill?
The cheapest apartment in Knob Hill is Pinewood Apartments which is listed at $695, while the average apartment in Knob Hill costs $2,948.
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 20 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 $198 which is $2,750 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

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.

Renters Insurance 101: What It Is, What It Covers, and Why You Need It
Written by: Robin Stewart
Insurance seems to be a part of life. In some states, having insurance is the law, as is the case for automobile insurance. Renters are no exception.

Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.