Cheap Apartments for Rent in the Palmer Park Neighborhood of Colorado Springs, CO from $600 (54 Rentals)

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

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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Roommate Matching: Finding the Right Fit and Avoiding Pitfalls

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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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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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Kalo Springs
Studio to 2 Bedroom Apartments

Kalo Springs

1330 Potter DrColorado 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 Lelaray
Studio to 2 Bedroom Apartments

Kalo Lelaray

2115 Lelaray StColorado Springs, CO 80909
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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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Parkwood Apartments
2 Bedroom Apartments

Parkwood Apartments

3401-3429 Parkmoor Village DrColorado Springs, CO 80917
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Bristol Square
Studio to 2 Bedroom Apartments

Bristol Square

1506 Yuma StColorado Springs, CO 80906

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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Parklane Apartments
1 to 2 Bedroom Apartments

Parklane Apartments

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

Orchid Flats

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

Kalo Austin Bluffs

3555 Westwood BlvdColorado Springs, CO 80918
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April Shamrocks
1 to 2 Bedroom Apartments

April Shamrocks

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

Park Ridge Apartments

2602 W Serendipity Cir WColorado Springs, CO 80917

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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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 $750. Park at Penrose Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $764. 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$750
Park at Penrose Apartments1x11BR,1BA$764
Airlan ArmsStudioStudio,1BA$793
EmoryONE BEDROOM ONE BATH B1BR,1BA$799
Pikes Place on San MiguelA11BR,1BA$799
Kalo Rustic HillsKaloSolo1BR,1BA$825
Austin ParkCheyenne1BR,1BA$840
Pine CrestA11BR,1BA$849
Kalo LelarayKaloSolo1BR,1BA$850
Updated 1 Bed/1 Bath Apartments in Central Colorado Springs – Near Palmer Park!1BR/1.0BA1BR,1BA$891

Best Value Apartments for Rent in Palmer Park, CO

As of January 11, 2026 the best value apartment in the Palmer Park area is the $0.83 price per square foot Two Bedroom Model at 11 West | Student Housing in the in the Venetian Village neighborhood starting from $849. The second greatest value Palmer Park apartment is the 2x1.5 Market Model at Yuma Court Townhomes starting at $1,400 with a $1.37 price per square foot in the Divine Redeemer 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.
11 West | Student HousingTwo Bedroom2BR,2BA$0.83
Yuma Court Townhomes2x1.5 Market2BR,1.5BA$1.37
Fir Tree2 Bed Market2BR,1.5BA$1.22
Greentree Village2x1A2BR,1BA$1.16
Orchid Flats2X12BR,1BA$1.41
Bristol SquareTwo Bedroom2BR,1BA$1.20
Devonshire SquareThe Stafford1BR,1BA$1.39
Citadel Village ApartmentsAspen1x1L UPGRADED1BR,1BA$1.40
Spring Creek1 Bedroom 1 Bathroom1BR,1BA$1.37
Pikes Place on San MiguelA11BR,1BA$1.28

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.

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The Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro

Moving is tough, especially long-distance. Learn how to minimize stress & expenses with proven strategies from a real estate pro, covering everything from logistics to finances.

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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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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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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!

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 $891.

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

The cheapest apartment in Palmer Park is Park at Penrose Apartments which is listed at $764, while the average apartment in Palmer Park costs $2,125.

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 49 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 $274 which is $1,851 cheaper than the average rent for all rentals in Palmer Park.

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

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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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A Renters Guide for Tips on Writing Your Notice for Not Renewing Your Apartment

Written by: Bob Mallory

Packing up everything you own to move is so stressful for many that ending your apartment lease can feel like a small or unimportant task. Ending your lease involves more than simply turning over your keys on the last day.

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Renting with Roommates: Realistic Expectations for Shared Lease

Written by: Christine Leonard, Esq.

Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

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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.