
Cheap Apartments for Rent in the Norwood Neighborhood of Colorado Springs, CO from $700 (43 Rentals)
Search the lowest-cost Apartments available for rent right now in the Norwood area of Colorado Springs.


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8659 Chancellor Dr

Mountain Manor

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5170 Saddle Dr, Unit Studio by UCCS, Unit Studio by UCCS

North 49 Apartments

Berkshire Apartments

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Cottonwood Terrace

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Aspen Bluff
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.

EPERNAY APARTMENTS

Lynmar Apartments

3165 Dublin Blvd

5034 El Camino Dr, Unit 29, Unit 29

Union Heights Apartments

The Goose Apartments

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The Glen at Briargate

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The Madison at Stetson Hills
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

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Residences at Falcon North

Peaks at Woodmen

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The Parc at Briargate

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Pine Bluffs

Heritage at Hidden Creek

Woodland Hills Apartments

Estate at Woodmen Ridge
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

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Lark on Woodmen

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Cortland Powers North

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Champions

2631 Thrush Grove

7545 Banner Ct

6930 Cotton Dr

Hatler-May Village Senior Residences
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.

Atrium at Austin Bluffs

Windtree

5030 El Camino Dr

Retreat at Austin Bluffs

Creekside at Norwood

The Vineyards of Colorado Springs

5042 El Camino Dr

Vista View
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

6466 Jonathan Ct

Templeton Ridge

Cortland Powers North II
Norwood, Colorado Springs, CO Local Guide

How much does it cost to rent an apartment in Norwood?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Norwood Studio Apartments | $1,448 | $1,000 | $1,866 |
| Norwood 1 Bedroom Apartments | $1,490 | $865 | $6,229 |
| Norwood 2 Bedroom Apartments | $1,718 | $1,112 | $5,442 |
| Norwood 3 Bedroom Apartments | $2,167 | $1,575 | $3,634 |
Browse Apartments in this Neighborhood
There are currently 43 rentals with your search options within a 2 mile radius of the Norwood Neighborhood of Colorado Springs, CO.
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Norwood, Colorado Springs, CO Local Guide
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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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Mountain Manor | Aspen 1X1 520 | 1BR,1BA | $999 |
| Berkshire Apartments | 1 Bed, 1 bath | 1BR,1BA | $1,055 |
| Cottonwood Terrace | Spring Breeze | 1BR,1BA | $1,088 |
| North 49 Apartments | 2BD, 1BTH | 2BR,1BA | $1,112 |
| Aspen Bluff | 2x1.5 | 2BR,1BA | $1,115 |
| Windtree | One Bedroom | 1BR,1BA | $1,150 |
| Retreat at Austin Bluffs | The Richmond | 1BR,1BA | $1,190 |
| Lynmar Apartments | CH60 | 2BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| 5507 Fiesta Ln, Unit 5511 | 5507 Fiesta Ln | 3BR,2BA | $1.07 |
| The Parc at Briargate | Aspen | 2BR,2BA | $1.58 |
| Vista View | Cheyenne | 2BR,1BA | $1.61 |
| Cottages at Rampart Park | 0x1 - 455 sqft - S1 | Studio ,1BA | $1.50 |
| Peaks at Woodmen | 1X1-905 | 1BR,1BA | $1.57 |
| Aspen Bluff | 2x1.5 | 2BR,1.5BA | $1.31 |
| The Vineyards of Colorado Springs | Napa Renovated | 1BR,1BA | $1.61 |
| Retreat at Austin Bluffs | The Richmond | 1BR,1BA | $1.65 |
| North 49 Apartments | 2BD, 1BTH | 2BR,1BA | $1.53 |
| Berkshire Apartments | 1 Bed, 1 bath | 1BR,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.
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.
Best Local Schools in Norwood, Colorado Springs, CO
School data provided by Great Schools
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

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.

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.

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.

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.