
Cheap Apartments for Rent in the Old Farm Neighborhood of Colorado Springs, CO from $700 (59 Rentals)
Search the lowest-cost Apartments available for rent right now in the Old Farm area of Colorado Springs.


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Park at Palmer Apartments

The Haven at Academy

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Newport Square (OLD)

Beverly Place

Canyon Ranch Apartments

6735 Glade Park Dr

Traditions at Colorado Springs

Greentree Village

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Greencrest Apartments
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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Candlewood Apartments

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Kingsborough Apartments

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Cottages at North Carefree

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Montebello Gardens

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Ridgeview Place

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Alpine Vista

Copper Rose

4615 Picturesque Ct

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Residences at Falcon North

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First and Main Apartments
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.

4635 Picturesque Ct

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Pine Bluffs

Heritage at Hidden Creek

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The Madison at Stetson Hills

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Champions

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Crowne at Rio Vista

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Cortland Powers North

Stetson Ridge Apartments

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The Taylor at Greenway

5123 Eros Way
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.

5353 Palomino Ranch Point

3080 Mandalay Grove

Kalo Village Seven

Kalo Austin Bluffs

Parkwood Apartments

Austin Park

Atrium at Austin Bluffs

Drexel

Retreat at Austin Bluffs

Heatherwood Club
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.

3410 N Carefree Cir

4610 Picturesque Court

5043 Rainbow Harbour Cir

4385 Oro Blanco Dr

5129 Rainbow Harbour Cir

Winfield

Templeton Ridge

Cortland Powers North II

Ironwood at Palmer Park

6944 Ash Creek Heights
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.
Old Farm, Colorado Springs, CO Local Guide

How much does it cost to rent an apartment in Old Farm?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Old Farm Studio Apartments | $1,207 | $820 | $1,905 |
| Old Farm 1 Bedroom Apartments | $1,363 | $731 | $4,019 |
| Old Farm 2 Bedroom Apartments | $1,625 | $957 | $5,819 |
| Old Farm 3 Bedroom Apartments | $2,154 | $1,664 | $2,670 |
| Old Farm 4 Bedroom Apartments | $1,858 | $1,858 | $1,858 |
Browse Apartments in this Neighborhood
There are currently 59 rentals with your search options within a 2 mile radius of the Old Farm Neighborhood of Colorado Springs, CO.
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Old Farm, Colorado Springs, CO Local Guide
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Cheapest Available Old Farm Apartments for Rent
 The cheapest available apartment rental in the Old Farm area of Colorado Springs, CO is a 1 Bed unit found at Park at Penrose Apartments priced from $731. Kalo Village Seven has the second lowest priced unit, which is a 1 Bed apartment currently listed from $750. Here are the most affordable Old Farm apartments for rent in Colorado Springs, CO:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Park at Penrose Apartments | 1X1 (50 AMI) | 1BR,1BA | $731 |
| Kalo Village Seven | KaloSolo | 1BR,1BA | $750 |
| Park at Palmer Apartments | 1x1 | 1BR,1BA | $782 |
| Kalo Austin Bluffs | KaloSolo | 1BR,1BA | $800 |
| The Haven at Academy | Studio | Studio,1BA | $820 |
| Austin Park | Cheyenne | 1BR,1BA | $895 |
| Greentree Village | 2x1A | 2BR,1BA | $957 |
| Candlewood Apartments | 1X1 651 | 1BR,1BA | $965 |
| Greencrest Apartments | 1 Bedroom | 1BR,1BA | $965 |
| Drexel | DA11 | 1BR,1BA | $995 |
Best Value Apartments for Rent in Old Farm, CO
As of July 09, 2026 the best value apartment in the Old Farm area is the $1.54 price per square foot B2 (Impulse) Model at First and Main Apartments in the in the Stetson Run neighborhood starting from $1,761. The second greatest value Old Farm apartment is the Aspen Model at Ironwood at Palmer Park starting at $1,525 with a $1.43 price per square foot in the Stetson Run neighborhood. Here is today’s list of the best values for Old Farm apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| First and Main Apartments | B2 (Impulse) | 2BR,2BA | $1.54 |
| Ironwood at Palmer Park | Aspen | 2BR,2BA | $1.43 |
| Greentree Village | 2x1B | 2BR,1BA | $1.11 |
| Retreat at Austin Bluffs | The Crosswind | 2BR,1BA | $1.67 |
| Park at Palmer Apartments | 2x2 | 2BR,2BA | $1.42 |
| Newport Square (OLD) | B2 | 2BR,1BA | $1.42 |
| Copper Rose | One Bedroom | 1BR,1BA | $1.68 |
| Candlewood Apartments | 1X1 W/FIREPLACE | 1BR,1BA | $1.62 |
| Traditions at Colorado Springs | Willow | 1BR,1BA | $1.67 |
| Kalo Village Seven | KaloSolo | 1BR,1BA | $1.35 |
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.
Pet Friendly LifestyleOld Farm, Colorado Springs, CO
Ranked #23
Among cities in Colorado for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
Best Local Schools in Old Farm, Colorado Springs, CO
Rudy Elementary School
School data provided by Great Schools
Lifestyle Ratings
ApartmentHomeLiving brings you comprehensive Lifestyle Ratings of rentals in metropolitan areas across the United States including Old Farm, Colorado Springs, and the greater Colorado Springs area. Our Lifestyle Ratings help you zero-in on the perfect place to call home. This takes in many factors including our Star Ratings to compare for proximity to parks, luxury amenities, kid and pet-friendly communities, availability of transit options, and more. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!
Frequently Asked Questions about Cheap Old Farm Apartments
What is the price of a cheap apartment in Old Farm?
The cheapest apartment in Old Farm is Park at Penrose Apartments which is listed at $731, while the average apartment in Old Farm costs $2,140.
What types of apartments are the cheapest in Old Farm?
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 31 regular apartments in Old Farm 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 Old Farm?
Cheap apartments in Old Farm have an average cost of $545 which is $1,595 cheaper than the average rent for all rentals in Old Farm.
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 Expert's 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.

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.

How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.