
Cheap Apartments for Rent in the Old Farm Neighborhood of Colorado Springs, CO from $732 (75 Rentals)
Search the lowest-cost Apartments available for rent right now in the Old Farm area of Colorado Springs.


Newport Square

Park at Penrose Apartments

The Haven at Academy

Park at Palmer Apartments

Canyon Ranch Apartments

Beverly Place

Traditions at Colorado Springs

Total Monthly Price
Greencrest Apartments

Total Monthly Price
Kingsborough 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

Total Monthly Price
Montebello Gardens

Total Monthly Price
Candlewood Apartments

4740 Scenic Cir

Copper Rose

Total Monthly Price
Alpine Vista

Total Monthly Price
Residences at Falcon North

4615 Picturesque Ct

5075 Whip Trail

4635 Picturesque Ct

First and Main 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.

Total Monthly Price
Ridgeview Place

Total Monthly Price
Pine Bluffs

Total Monthly Price
Cottages at North Carefree

Total Monthly Price
Champions

Total Monthly Price
Enchanted Springs Apartments

Total Monthly Price
The Madison at Stetson Hills

Total Monthly Price
Crowne at Rio Vista

Total Monthly Price
Cortland Powers North

Total Monthly Price
The Taylor at Greenway

Flats at Sand Creek
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.

Total Monthly Price
Stetson Ridge Apartments

3080 Mandalay Grove

5730 S Buckskin Pass Dr

Total Monthly Price
Carefree Village Townhomes

3112 Vail Pass Dr

Affinity at Colorado Springs 55+

Kalo Village Seven

Parkwood Apartments

Austin Park

Atrium at Austin Bluffs
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.

Drexel

Heatherwood Club

4610 Picturesque Court

Retreat at Austin Bluffs

4635 Picturesque Ct

5043 Rainbow Harbour Cir

4385 Oro Blanco Dr

Heritage at Hidden Creek

Carefree Boutique

3510 Parkmoor Village Dr
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.
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 | $1,155 | $830 | $1,905 |
| Old Farm 1 Bedroom Apartments | $1,351 | $732 | $2,327 |
| Old Farm 2 Bedroom Apartments | $1,654 | $732 | $3,043 |
| Old Farm 3 Bedroom Apartments | $2,046 | $1,200 | $2,670 |
| Old Farm 4 Bedroom Apartments | $1,942 | $1,858 | $2,026 |
Browse Apartments in this Neighborhood
There are currently 75 rentals with your search options within a 2 mile radius of the Old Farm Neighborhood of Colorado Springs, CO.
See all Apartments in Colorado SpringsExplore Colorado Springs
Old Farm, Colorado Springs, CO Local Guide
- Nearby Colorado Springs neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Old Farm Apartments for Rent
 The cheapest available apartment rental in the Old Farm area of Colorado Springs, CO is a 2 Beds unit found at Greentree Village priced from $732. Park at Penrose Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $746. Here are the most affordable Old Farm apartments for rent in Colorado Springs, CO:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Greentree Village | 2x1A | 2BR,1BA | $732 |
| Park at Penrose Apartments | 1X1 (80 AMI) | 1BR,1BA | $746 |
| Kalo Village Seven | KaloSolo-Premium | 1BR,1BA | $775 |
| The Haven at Academy | The Retreat | 1BR,1BA | $900 |
| Park at Palmer Apartments | 1x1 | 1BR,1BA | $922 |
| Greencrest Apartments | 1 Bedroom | 1BR,1BA | $965 |
| Kingsborough Apartments | 1X1 | 1BR,1BA | $975 |
| Austin Park | Pikes Peak | 2BR,1BA | $1,050 |
| Montebello Gardens | 11BR | 1BR,1BA | $1,150 |
| Alpine Vista | 1B | 1BR,1BA | $1,231 |
Best Value Apartments for Rent in Old Farm, CO
As of August 23, 2026 the best value apartment in the Old Farm area is the $1.58 price per square foot 3x2AR1 T2 Model at Champions in the in the Norwood neighborhood starting from $2,009. The second greatest value Old Farm apartment is the 3 Beds, 2 Baths Model at Northridge Green Townhomes starting at $1,795 with a $1.46 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. |
|---|---|---|---|
| Champions | 3x2AR1 T2 | 3BR,2BA | $1.58 |
| Northridge Green Townhomes | 3 Beds, 2 Baths | 3BR,2BA | $1.46 |
| Carefree Village Townhomes | 30010c2 | 3BR,2BA | $1.62 |
| Ironwood at Palmer Park | Aspen (Renovated) | 2BR,2BA | $1.51 |
| Greentree Village | 2x1B | 2BR,1BA | $1.11 |
| Austin Park | Pikes Peak | 2BR,1BA | $1.46 |
| The Haven at Academy | The Retreat | 1BR,1BA | $1.33 |
| Kingsborough Apartments | 1X1 | 1BR,1BA | $1.63 |
| Park at Palmer Apartments | 1x1 | 1BR,1BA | $1.57 |
| Kalo Village Seven | KaloSolo-Premium | 1BR,1BA | $1.40 |
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 $753, while the average apartment in Old Farm costs $1,588.
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 28 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 $763 which is $825 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

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.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

First Apartment Regrets: Real Renters Share What They'd Do Differently
Written by: Robin Stewart
Hindsight is 20/20. Live and Learn. With age comes wisdom. We’re familiar with all those expressions, and all of them apply to lessons first-time renters learn.