
Cheap Apartments for Rent in the Palmer Park Neighborhood of Colorado Springs, CO from $600 (48 Rentals)
Search the lowest-cost Apartments available for rent right now in the Palmer Park area of Colorado Springs.


Park at Penrose Apartments

Airlan Arms

Fir Tree

Pine Crest

Pikes Place on San Miguel

Newport Square

Beverly Place

Citadel Grove
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.

Penrose Plaza

Emory

Citadel Village Apartments

Mountain Pointe Apartments

Spring Creek

Canyon Ranch Apartments

Mason Manor Apartments

Birchwood Village

1075 Magnolia St
Roommate Matching: Finding the Right Fit and Avoiding Pitfalls
When searching for a roommate, follow this list of essential steps and set clear expectations to create a solid foundation for a harmonious living situation.

Greencrest Apartments

Candlewood Apartments

Ridgeview Place

Park at Palmer Apartments

Aspire Palmer Park

Total Monthly Price
1203 4th St, Unit 1203

Greentree Village

Arcadia Dell Apartments

Peak Elevation 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

Aviator Apartments

Columbine Leaf Apartments

1806 La Salle Street

Hills

Kalo Rustic Hills

Austin Park

Kalo Lelaray

Parkwood Apartments

Updated 1 Bed/1 Bath Apartments in Central Colorado Springs – Near Palmer Park!
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.

Stonebrook Apartments

Parklane Apartments

Orchid Flats

Oakwood Bend

Olympic Square - Gorgeous Renovated Apartments

Kalo Village Seven

Bristol Square

Kalo Austin Bluffs

April Shamrocks
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.

Park Ridge Apartments

Drexel

Centre
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 | $907 | $788 | $1,114 |
| Palmer Park 1 Bedroom Apartments | $1,033 | $771 | $1,897 |
| Palmer Park 2 Bedroom Apartments | $1,311 | $799 | $2,240 |
| Palmer Park 3 Bedroom Apartments | $1,656 | $679 | $2,169 |
| Palmer Park 4 Bedroom Apartments | $1,475 | $700 | $2,250 |
Browse Apartments in this Neighborhood
There are currently 48 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 $679. Park at Penrose Apartments 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 11 West | Student Housing | Three Bedroom | 3BR,3BA | $679 |
| Park at Penrose Apartments | 1X1 (80% AMI) | 1BR,1BA | $771 |
| Airlan Arms | Studio | Studio,1BA | $788 |
| Fir Tree | A2 | 1BR,1BA | $799 |
| Pine Crest | ST1 | Studio,1BA | $799 |
| Pikes Place on San Miguel | S1 | 1BR,1BA | $809 |
| Hills | S1 | Studio,1BA | $820 |
| Newport Square | A1 | 1BR,1BA | $849 |
| Austin Park | Cheyenne | 1BR,1BA | $861 |
| Kalo Lelaray | KaloSolo | 1BR,1BA | $875 |
Best Value Apartments for Rent in Palmer Park, CO
As of March 17, 2026 the best value apartment in the Palmer Park area is the $1.31 price per square foot Pine Model at Ironwood at Palmer Park in the in the Stetson Run neighborhood starting from $1,395. The second greatest value Palmer Park apartment is the 3BR/2BA - C2 Model at Aviator Apartments starting at $1,395 with a $1.35 price per square foot in the Knob Hill 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. |
|---|---|---|---|
| Ironwood at Palmer Park | Pine | 2BR,2BA | $1.31 |
| Aviator Apartments | 3BR/2BA - C2 | 3BR,2BA | $1.35 |
| 11 West | Student Housing | Two Bedroom | 2BR,2BA | $0.78 |
| Greentree Village | 2x1B | 2BR,1BA | $1.20 |
| Spring Creek | 2 Bedroom 1 Bathroom 870 | 2BR,1BA | $1.45 |
| Devonshire Square | The Stafford | 1BR,1BA | $1.44 |
| Citadel Village Apartments | Aspen1x1L UPGRADED | 1BR,1BA | $1.40 |
| Mason Manor Apartments | FREE Application Fee | 1BR,1BA | $1.42 |
| Orchid Flats | 1X1 | 1BR,1BA | $1.40 |
| Kalo Rustic Hills | KaloSolo-Premium | 1BR,1BA | $1.50 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon'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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
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Read ArticleCash 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.
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 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 $875.
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 $771, while the average apartment in Palmer Park costs $1,878.
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 47 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 $377 which is $1,501 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

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.

Maximizing Your Refund: Essential Tax Tips for Renters
Written by: Christine Leonard, Esq.
Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.

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.