Cheap Apartments for Rent in the Old Farm Neighborhood of Colorado Springs, CO from $700 (27 Rentals)

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

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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

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Drexel
1 Bedroom Apartments

Drexel

3914 N Academy BlvdColorado Springs, CO 80917
  • Utilities Included

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

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Parkwood Apartments
2 Bedroom Apartments

Parkwood Apartments

3401-3429 Parkmoor Village DrColorado Springs, CO 80917
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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
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Greencrest Apartments
1 to 2 Bedroom Apartments

Greencrest Apartments

3335 Austin Bluffs PkyColorado Springs, CO 80918
  • Utilities Included

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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3410 N Carefree Cir
Studio to 1 Bedroom Apartments

3410 N Carefree Cir

3410 N Carefree CirColorado Springs, CO 80917

Old Farm, Colorado Springs, CO Local Guide

Cheapest Available Old Farm Apartments for Rent

 

The cheapest available apartment rental in the Old Farm area of Colorado Springs, CO is a Studio unit found at Traditions at Colorado Springs priced from $794. Park at Penrose Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $820. Here are the most affordable Old Farm apartments for rent in Colorado Springs, CO:

Apartment ListingModel NameBed/BathPriced From
Traditions at Colorado SpringsStudioStudio,1BA$794
Park at Penrose Apartments1x11BR,1BA$820
DrexelDA111BR,1BA$875
Featherstone ApartmentsKaloSolo1BR,1BA$915
Park at Palmer Apartments1x11BR,1BA$962
Candlewood Apartment HomesLarge 1x11BR,1BA$975
KingsboroughOne bedroom1BR,1BA$975
Newport Square Apartments1BR/1BA - A21BR,1BA$975
Residence at Austin BluffsKaloSolo1BR,1BA$1,050
Montebello Gardens11B1BR,1BA$1,110

Best Value Apartments for Rent in Old Farm, CO

As of June 30, 2025 the best value apartment in the Old Farm area is the $1.54 price per square foot Botanica Model at Heritage at Hidden Creek in the in the Norwood neighborhood starting from $1,695. The second greatest value Old Farm apartment is the 2x2 1065 sq ft Model at Canyon Ranch Apartments starting at $1,354 with a $1.27 price per square foot in the Knob Hill neighborhood. Here is today’s list of the best values for Old Farm apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Heritage at Hidden CreekBotanica2BR,2BA$1.54
Canyon Ranch Apartments2x2 1065 sq ft2BR,2BA$1.27
Ironwood at Palmer ParkB2R2BR,2BA$1.44
Greentree Village Apts - Income QualifiedA2BR,1BA$1.40
WinfieldSilverdale2BR,1BA$1.71
Stetson RidgeCarson1BR,1BA$1.76
Candlewood Apartment HomesLarge 1x11BR,1BA$1.41
KingsboroughOne bedroom1BR,1BA$1.63
Park at Palmer Apartments1x11BR,1BA$1.72
DrexelDA111BR,1BA$1.66

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Pet Friendly Lifestyle
Old Farm, Colorado Springs, CO

Ranked #24

Among neighborhoods in Colorado Springs, CO for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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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!

Getting Around the Old Farm Neighborhood in Colorado Springs, CO

Walk Score®

55 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

38 / 100

Somewhat Bikeable

Minimal bike infrastructure

Transit Score®

24 / 100

Minimal Transit

It may be possible to get on a bus

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 $820, while the average apartment in Old Farm costs $2,800.

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 5 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 $397 which is $2,403 cheaper than the average rent for all rentals in Old Farm.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

Written by: Cheryl Bowman

A fantastic way to save money and enjoy a built-in community is to share an apartment. However, a bad roommate situation can turn your dream rental into a nightmare.

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The Art of the Rental Viewing: What to look for during a property tour

Written by: Marie Brown

You’ve scrolled through countless listings, walked through a blur of rentals, and finally found what feels like the one. The pictures? Fantastic. The neighborhood seems just right.

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Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.