Cheap Apartments for Rent in the Norwood Neighborhood of Colorado Springs, CO from $700 (43 Rentals)

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

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8659 Chancellor Dr
$865 - $950
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$865 - $950

Total Monthly Price
$865 - $950
1 Bedroom Apartment Available Now

8659 Chancellor Dr

8659 Chancellor DrColorado Springs, CO 80920
Affordability
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Cottonwood Terrace
Rent Specials
$1,088 - $2,046
Total Monthly Price

Total Monthly Price

Base Rent
$1,088 - $2,046

Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

Cottonwood Terrace

2864 Dublin BlvdColorado Springs, CO 80918
Affordability
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Aspen Bluff
$1,115
Total Monthly Price

Total Monthly Price

Base Rent
$1,100
Required Monthly Fees
Varies

Total Monthly Price
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2 Bedroom Apartments Available Now

Aspen Bluff

5020 El Camino DrColorado Springs, CO 80918
Affordability
  • Verified
  • Utilities Included
  • 3D Tour

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.

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The Glen at Briargate
Rent Specials
$1,302 - $1,882
Total Monthly Price

Total Monthly Price

Base Rent
$1,298 - $1,878
Required Monthly Fees
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1 to 2 Bedroom Apartments Available Now

The Glen at Briargate

1510-1550 Chapel Hills DrColorado Springs, CO 80920
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The Madison at Stetson Hills
Rent Specials
$1,309 - $1,983
Total Monthly Price

Total Monthly Price

Base Rent
$1,266 - $1,940
Required Monthly Fees
Varies

Total Monthly Price
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1 to 2 Bedroom Apartments Available Now

The Madison at Stetson Hills

6415 Templeton Gap RdColorado Springs, CO 80923
Affordability
  • Verified
  • Customer Reviewed

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.

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Cottages at Rampart Park
Rent Specials
$1,325 - $2,561
Total Monthly Price

Total Monthly Price

Base Rent
$1,274 - $2,510
Required Monthly Fees
Varies

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Studio Apartments Available Now

Cottages at Rampart Park

2887 Coreopsis GrvColorado Springs, CO 80920
Affordability
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  • Low Income
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The Parc at Briargate
Rent Specials
$1,391 - $1,920
Total Monthly Price

Total Monthly Price

Base Rent
$1,387 - $1,916
Required Monthly Fees
Varies

Total Monthly Price
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1 to 2 Bedroom Apartments Available Now

The Parc at Briargate

8175 Summerset DrColorado Springs, CO 80920
Active Lifestyle
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Pine Bluffs
$1,395 - $2,125
Total Monthly Price

Total Monthly Price

Base Rent
$1,395 - $2,125

Total Monthly Price
$1,395 - $2,125
1 to 3 Bedroom Apartments Available Now

Pine Bluffs

6470 Timber Bluff PtColorado Springs, CO 80918
Active Lifestyle
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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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Fox Bridge on Union
$1,478 - $2,613
Total Monthly Price

Total Monthly Price

Base Rent
$1,465 - $2,600
Required Monthly Fees
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Total Monthly Price
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1 to 3 Bedroom Apartments Available Now

Fox Bridge on Union

8015 Siltstone PtColorado Springs, CO 80920
Eco-Friendly
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  • Customer Reviewed
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Lark on Woodmen
$1,499 - $2,459
Total Monthly Price

Total Monthly Price

Base Rent
$1,499 - $2,459

Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Now

Lark on Woodmen

5683 Skywarrior HtsColorado Springs, CO 80923
Affordability
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Cortland Powers North
Rent Specials
$1,523 - $6,833
Total Monthly Price

Total Monthly Price

Base Rent
$1,508 - $6,818
Required Monthly Fees
$15

Total Monthly Price
$1,523 - $6,833
1 to 2 Bedroom Apartments Available Now

Cortland Powers North

5850 Welkin CirColorado Springs, CO 80917
Corporate Housing
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Champions
$1,544 - $2,402
Total Monthly Price

Total Monthly Price

Base Rent
$1,502 - $2,360
Required Monthly Fees
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Total Monthly Price
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1 to 3 Bedroom Apartments Available Now

Champions

4505 Dublin BlvdColorado Springs, CO 80923
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property at 7545 Banner Ct

$1,650

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,650

Total Monthly Price
$1,650

2 Bedroom, 1.5 Bath Townhome for Rent

Available Jun 1

7545 Banner Ct

Colorado SpringsCO80920
property at 6930 Cotton Dr

$675

Total Monthly Price

Total Monthly Price

Base Rent
$675

Total Monthly Price
$675

1 Bedroom, 1 Bath Condo for Rent

Available Now

6930 Cotton Dr

Colorado SpringsCO80923

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.

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Atrium at Austin Bluffs
1 to 2 Bedroom Apartments

Atrium at Austin Bluffs

4921 Templeton Gap RdColorado Springs, CO 80923
Senior Living
  • Utilities Included
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Windtree
Studio to 2 Bedroom Apartments

Windtree

2530 Paragon DrColorado Springs, CO 80918
Corporate Housing
property at 5030 El Camino Dr

$1,000 - $1,600

Total Monthly Price

Total Monthly Price

Base Rent
$1,000

Total Monthly Price
$1,000

1 To 2 Bedroom Rentals

Available Now

5030 El Camino Dr

Colorado SpringsCO80918
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Creekside at Norwood
1 to 3 Bedroom Apartments

Creekside at Norwood

7219 Little Timber GrvColorado Springs, CO 80923
property at 5042 El Camino Dr

$1,350

Total Monthly Price

Total Monthly Price

Base Rent
$1,350

Total Monthly Price
$1,350

1 Bedroom, 1 Bath Home for Rent

Available May 15

5042 El Camino Dr

Colorado SpringsCO80918
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Vista View
2 Bedroom Apartments

Vista View

5537 N Union BlvdColorado Springs, CO 80918

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 6466 Jonathan Ct

$1,450

Total Monthly Price

Total Monthly Price

Base Rent
$1,450

Total Monthly Price
$1,450

2 Bedroom, 1.5 Bath Townhome for Rent

Available Jun 5

6466 Jonathan Ct

Colorado SpringsCO80918
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Templeton Ridge
1 to 3 Bedroom Apartments

Templeton Ridge

4703-5032 Winewood Village RdColorado Springs, CO 80917

Norwood, Colorado Springs, CO Local Guide

Cheapest Available Norwood Apartments for Rent

 

The cheapest available apartment rental in the Norwood area of Colorado Springs, CO is a 1 Bed unit found at Mountain Manor priced from $999. Berkshire Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $1,055. Here are the most affordable Norwood apartments for rent in Colorado Springs, CO:

Apartment ListingModel NameBed/BathPriced From
Mountain ManorAspen 1X1 5201BR,1BA$999
Berkshire Apartments1 Bed, 1 bath1BR,1BA$1,055
Cottonwood TerraceSpring Breeze1BR,1BA$1,088
North 49 Apartments2BD, 1BTH2BR,1BA$1,112
Aspen Bluff2x1.52BR,1BA$1,115
WindtreeOne Bedroom1BR,1BA$1,150
Retreat at Austin BluffsThe Richmond1BR,1BA$1,190
Lynmar ApartmentsCH602BR,2BA$1,250

Best Value Apartments for Rent in Norwood, CO

As of May 13, 2026 the best value apartment in the Norwood area is the $1.07 price per square foot 5507 Fiesta Ln Model at 5507 Fiesta Ln, Unit 5511 in the in the Norwood neighborhood starting from $1,925. The second greatest value Norwood apartment is the Aspen Model at The Parc at Briargate starting at $1,587 with a $1.58 price per square foot in the Norwood neighborhood. Here is today’s list of the best values for Norwood apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
5507 Fiesta Ln, Unit 55115507 Fiesta Ln3BR,2BA$1.07
The Parc at BriargateAspen2BR,2BA$1.58
Vista ViewCheyenne2BR,1BA$1.61
Cottages at Rampart Park0x1 - 455 sqft - S1Studio ,1BA$1.50
Peaks at Woodmen1X1-9051BR,1BA$1.57
Aspen Bluff2x1.52BR,1.5BA$1.31
The Vineyards of Colorado SpringsNapa Renovated1BR,1BA$1.61
Retreat at Austin BluffsThe Richmond1BR,1BA$1.65
North 49 Apartments2BD, 1BTH2BR,1BA$1.53
Berkshire Apartments1 Bed, 1 bath1BR,1BA$1.57

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.

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Real 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.

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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

Our team of engineers and researchers is proud to bring you Lifestyle Ratings of rentals and neighborhoods across the USA, including Colorado Springs. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including searching for the best amenities, and proximity to parks, transit availability, pet-friendly communities, family-friendly amenities, in addition to floorplans, availablity, and pricing. These search options are in the site filters at the top of this page.

Frequently Asked Questions about Cheap Norwood Apartments

What is a cheap apartment in Norwood?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Norwood is under $1,250.

What is the price of a cheap apartment in Norwood?

The cheapest apartment in Norwood is Mountain Manor which is listed at $999, while the average apartment in Norwood costs $2,115.

What types of apartments are the cheapest in Norwood?

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 68 regular apartments in Norwood 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 Norwood?

Cheap apartments in Norwood have an average cost of $652 which is $1,463 cheaper than the average rent for all rentals in Norwood.

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.

decorative image for A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back article

A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts  article

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.