
Cheap Apartments for Rent in the Palmer Park Neighborhood of Colorado Springs, CO from $500 (96 Rentals)
Search the lowest-cost Apartments available for rent right now in the Palmer Park area of Colorado Springs.


1185 Stanton St

2325 Royal Palm Dr

Newport Square

Park at Penrose Apartments

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Fir Tree

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Orchid Flats

2051 N Academy Blvd, Unit Room 2

The Haven at Academy

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Emory
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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Airlan Arms

3960 Galley Rd

Beverly Place

Park at Palmer Apartments

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Oakwood Bend Oakwood Bend

Canyon Ranch Apartments

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Spring Creek

Mountain Pointe Apartments

Citadel Village Apartments

Birchwood Village
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.

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Greencrest Apartments

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Candlewood Apartments

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Kingsborough Apartments

Greentree Village

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Aspire Palmer Park

Penrose Plaza

1120 Yuma St

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Crestmoor Apartments

3604 E Uintah St

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Montebello Gardens
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.

1325 E Buena Ventura St

Mason Manor Apartments

1035 Magnolia St

1122 Yuma St

Yuma Court Townhomes

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Devonshire Square

1062 Westmoreland Rd, Unit 3

2629 E Uintah St

1016 Magnolia St, Unit B

1805 Eagle View Dr
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.

1809 Eagle View Dr

1059 Westmoreland Rd

819 E San Miguel St

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1311 E Caramillo St, Unit 1311

4740 Scenic Cir

1708 Sawyer Way, Unit 165

1708 Sawyer Way

64752 Yvonne Way

4615 Picturesque Ct

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Ridgeview Place
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.
Palmer Park, Colorado Springs, CO Local Guide

How much does it cost to rent an apartment in Palmer Park?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Palmer Park Studio Apartments | $912 | $830 | $995 |
| Palmer Park 1 Bedroom Apartments | $1,052 | $732 | $1,992 |
| Palmer Park 2 Bedroom Apartments | $1,351 | $699 | $2,461 |
| Palmer Park 3 Bedroom Apartments | $1,646 | $599 | $2,313 |
| Palmer Park 4 Bedroom Apartments | $2,520 | $2,464 | $2,577 |
Browse Apartments in this Neighborhood
There are currently 96 rentals with your search options within a 2 mile radius of the Palmer Park Neighborhood of Colorado Springs, CO.
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Palmer Park, Colorado Springs, CO Local Guide
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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 $599. Newport Square has the second lowest priced unit, which is a 1 Bed apartment currently listed from $732. Here are the most affordable Palmer Park apartments for rent in Colorado Springs, CO:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 11 West | Student Housing | Three Bedroom | 3BR,3BA | $599 |
| Newport Square | A1 | 1BR,1BA | $732 |
| Kalo Lelaray | KaloSolo | 1BR,1BA | $750 |
| Kalo Springs | KaloSolo | 1BR,1BA | $775 |
| Park at Penrose Apartments | 1x1 | 1BR,1BA | $795 |
| Kalo Rustic Hills | KaloSolo | 1BR,1BA | $825 |
| Emory | ONE BEDROOM ONE BATH B | 1BR,1BA | $828 |
| Pine Crest | ST2 | Studio,1BA | $829 |
| The Haven at Academy | The Oasis | 2BR,2BA | $830 |
| Airlan Arms | 1 Bedroom | 1BR,1BA | $839 |
Best Value Apartments for Rent in Palmer Park, CO
As of August 17, 2026 the best value apartment in the Palmer Park area is the $1.30 price per square foot 3BR/1BA - C1 Model at Aviator Apartments in the in the Knob Hill neighborhood starting from $1,345. The second greatest value Palmer Park apartment is the Two Bedroom Model at 11 West | Student Housing starting at $699 with a $0.68 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Aviator Apartments | 3BR/1BA - C1 | 3BR,1BA | $1.30 |
| 11 West | Student Housing | Two Bedroom | 2BR,2BA | $0.68 |
| Kalo Springs | KaloDuo-Premium | 2BR,1BA | $1.31 |
| Greentree Village | 2x1A | 2BR,1BA | $1.15 |
| Orchid Flats | B1 | 2BR,1BA | $1.06 |
| Montebello Gardens | 21A | 2BR,1BA | $1.37 |
| Crestmoor Apartments | 1 bed, 1 bath | 1BR,1BA | $1.26 |
| The Haven at Academy | The Retreat | 1BR,1BA | $1.33 |
| Vista Peak | 1x1 | 1BR,1BA | $1.31 |
| Newport Square | A1 | 1BR,1BA | $1.36 |
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.
Best Local Schools in Palmer Park, Colorado Springs, CO
Audubon Elementary School
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 the price of a cheap apartment in Palmer Park?
The cheapest apartment in Palmer Park is Newport Square which is listed at $732, while the average apartment in Palmer Park costs $1,112.
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 12 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 $237 which is $875 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

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.

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.

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.