Cheap Apartments for Rent in the Palmer Park Neighborhood of Colorado Springs, CO from $500 (52 Rentals)

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

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Emory
Rent Specials
$799 - $1,247Studio to 2 Bedroom Apartments Available Now

Emory

930-940 N Murray BlvdColorado Springs, CO 80915
Affordability
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1806 La Salle Street
1 to 2 Bedroom Apartments

1806 La Salle Street

1802-1806 E La Salle StColorado Springs, CO 80909
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Hills
Studio to 2 Bedroom Apartments

Hills

2570 E Cache La Poudre StColorado Springs, CO 80909
Corporate Housing
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Kalo Rustic Hills
1 to 2 Bedroom Apartments

Kalo Rustic Hills

1320 Potter DrColorado Springs, CO 80909
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Parkwood Apartments
2 Bedroom Apartments

Parkwood Apartments

3401-3429 Parkmoor Village DrColorado Springs, CO 80917
  • Utilities Included
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Kalo Springs
Studio to 2 Bedroom Apartments

Kalo Springs

1330 Potter DrColorado Springs, CO 80909
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Parklane Apartments
1 to 2 Bedroom Apartments

Parklane Apartments

3126 N Hancock AveColorado Springs, CO 80907
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Aviator Apartments
1 to 3 Bedroom Apartments

Aviator Apartments

1670 N Murray BlvdColorado Springs, CO 80915
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Kalo Lelaray
Studio to 2 Bedroom Apartments

Kalo Lelaray

2115 Lelaray StColorado Springs, CO 80909
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Austin Park
1 to 2 Bedroom Apartments

Austin Park

3940 Harmony DrColorado Springs, CO 80917
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Kalo Village Seven
Studio to 2 Bedroom Apartments

Kalo Village Seven

3807 Half Turn RdColorado Springs, CO 80917
Corporate Housing
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April Shamrocks
1 to 2 Bedroom Apartments

April Shamrocks

1010 Delaware DrColorado Springs, CO 80909
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Greencrest Apartments
1 to 2 Bedroom Apartments

Greencrest Apartments

3335 Austin Bluffs PkyColorado Springs, CO 80918
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Kalo Austin Bluffs
1 to 2 Bedroom Apartments

Kalo Austin Bluffs

3555 Westwood BlvdColorado Springs, CO 80918
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Park Ridge Apartments
1 to 2 Bedroom Apartments

Park Ridge Apartments

2602 W Serendipity Cir WColorado Springs, CO 80917
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Drexel
1 to 2 Bedroom Apartments

Drexel

3914 N Academy BlvdColorado Springs, CO 80917
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Orchid Flats
1 to 3 Bedroom Apartments

Orchid Flats

3005 Galley RdColorado Springs, CO 80909
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Jubilee Apartments
1 to 2 Bedroom Apartments

Jubilee Apartments

2924 N Arcadia StColorado Springs, CO 80907
Showing Results 1-50, Page 1 of 2

Palmer Park, Colorado Springs, CO Local Guide

Cheapest Available Palmer Park Apartments for Rent

 

The cheapest available apartment rental in the Palmer Park area of Colorado Springs, CO is a 3 Beds unit found at 11 West | Student Housing priced from $540. Come Home to Willow Ridge! has the second lowest priced unit, which is a 1 Bed apartment currently listed from $771. Here are the most affordable Palmer Park apartments for rent in Colorado Springs, CO:

Apartment ListingModel NameBed/BathPriced From
11 West | Student HousingThree Bedroom3BR,3BA$540
Come Home to Willow Ridge!1BR/1.0BA1BR,1BA$771
Pine CrestST1Studio,1BA$799
EmoryONE BEDROOM ONE BATH B1BR,1BA$799
Pikes Place on San MiguelS1Studio,1BA$799
Airlan ArmsStudioStudio,1BA$804
The Haven at AcademyStudio, 1 bathStudio,1BA$830
Park at Penrose Apartments1x11BR,1BA$849
Mason Manor Apartments1bd/1ba Renovated1BR,1BA$850
Beverly PlaceA11BR,1BA$855

Best Value Apartments for Rent in Palmer Park, CO

As of November 14, 2025 the best value apartment in the Palmer Park area is the $1.38 price per square foot Pine Model at Ironwood at Palmer Park in the in the Stetson Run neighborhood starting from $1,475. The second greatest value Palmer Park apartment is the Two Bedroom Model at 11 West | Student Housing starting at $667 with a $0.65 price per square foot in the Venetian Village neighborhood. Here is today’s list of the best values for Palmer Park apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Ironwood at Palmer ParkPine2BR,2BA$1.38
11 West | Student HousingTwo Bedroom2BR,2BA$0.65
Yuma Court Townhomes2x1.5 Market2BR,1.5BA$1.37
Greentree Village2x1B2BR,1BA$1.11
Peak Elevation ApartmentsLOOK & LEASE SPECIAL $200 OFF MOVE IN2BR,1BA$1.37
Austin ParkPikes Peak2BR,1BA$1.29
Citadel Village ApartmentsAspen1x1L NO UPGRADES1BR,1BA$1.40
Spring Creek1 Bedroom 1 Bathroom1BR,1BA$1.37
Mason Manor Apartments1bd/1ba Renovated1BR,1BA$1.31
Olympic SquareLOOK & LEASE SPECIAL $200 OFF MOVE IN1BR,1BA$1.45

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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Pet Friendly Lifestyle
Palmer Park, Colorado Springs, CO

Ranked #15

Among cities in Colorado for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
Palmer Park, Colorado Springs, CO

School data provided by Great Schools

Lifestyle Ratings

ApartmentHomeLiving.com works hard to bring you our detailed rental search system called 'Lifestyle ratings', composed of neighborhoods, areas, and rental properties across Colorado including Palmer Park, Colorado Springs, and the greater Colorado Springs area. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including our Star Ratings to compare for the best outdoor access, luxury amenities, places that make kids happy, raising pets, transit options, and other valuable search options. Find Lifestyle Search in the filter options (above). Happy Searching!

Getting Around the Palmer Park Neighborhood in Colorado Springs, CO

Walk Score®

64 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

45 / 100

Somewhat Bikeable

Minimal bike infrastructure

Transit Score®

32 / 100

Some Transit

A few nearby public transportation options

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Palmer Park Apartments

What is a cheap apartment in Palmer Park?

A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Palmer Park is under $855.

What is the price of a cheap apartment in Palmer Park?

The cheapest apartment in Palmer Park is Come Home to Willow Ridge! which is listed at $771, while the average apartment in Palmer Park costs $2,389.

What types of apartments are the cheapest in Palmer Park?

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 61 regular apartments in Palmer Park 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 Palmer Park?

Cheap apartments in Palmer Park have an average cost of $302 which is $2,087 cheaper than the average rent for all rentals in Palmer Park.

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.

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 Apartment Common Area Rules: What Renters Need to Know article

Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

decorative image for The Rental Move-In Inspection Checklist: A Guide for Renters article

The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.