
Cheap Apartments for Rent in the Palmer Park Neighborhood of Colorado Springs, CO from $500 (33 Rentals)
Search the lowest-cost Apartments available for rent right now in the Palmer Park area of Colorado Springs.


11 West | Student Housing

1191 Stanton St

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

Peak Elevation Apartments

Pine Crest

Pikes Place on San Miguel

Airlan Arms
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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.

Emory

Park at Penrose Apartments

Aspire Palmer Park

Mason Manor Apartments

Beverly Place

Spring Creek

The Springs Apartments

Greentree Village
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Olympic Square - Gorgeous Renovated Apartments

Citadel Village Apartments
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Colorado Springs's Best Affordable Neighborhoods
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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 | $887 | $799 | $1,202 |
| Palmer Park 1 Bedroom Apartments | $1,059 | $600 | $1,722 |
| Palmer Park 2 Bedroom Apartments | $1,307 | $500 | $2,366 |
| Palmer Park 3 Bedroom Apartments | $1,588 | $540 | $2,295 |
| Palmer Park 4 Bedroom Apartments | $2,212 | $2,175 | $2,250 |
Browse Apartments in this Neighborhood
There are currently 33 rentals with your search options within a 2 mile radius of the Palmer Park Neighborhood of Colorado Springs, CO.
See all Apartments in Colorado SpringsExplore Colorado Springs
Palmer Park, Colorado Springs, CO Local Guide
- Nearby Colorado Springs neighborhoods
- Nearby Cities
- ZIP codes
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- School Districts
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. Updated 1 Bed/1 Bath Apartments in Central Colorado Springs – Near Palmer Park! 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 | $540 |
| Updated 1 Bed/1 Bath Apartments in Central Colorado Springs – Near Palmer Park! | 1BR/1.0BA | 1BR,1BA | $771 |
| Pine Crest | ST1 | Studio,1BA | $799 |
| Emory | ONE BEDROOM ONE BATH B | 1BR,1BA | $799 |
| Airlan Arms | Studio | 1BR,1BA | $799 |
| Park at Penrose Apartments | 1x1 | 1BR,1BA | $820 |
| Hills | S1 | Studio,1BA | $820 |
| Kalo Rustic Hills | KaloSolo | 1BR,1BA | $825 |
| Kalo Springs | KaloSolo | 1BR,1BA | $825 |
| Aspire Palmer Park | Studio | Studio,1BA | $850 |
Best Value Apartments for Rent in Palmer Park, CO
As of November 26, 2025 the best value apartment in the Palmer Park area is the $1.22 price per square foot Glenwood3x2.5 UPGRADED Model at Citadel Village Apartments in the in the Knob Hill neighborhood starting from $1,775. 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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Citadel Village Apartments | Glenwood3x2.5 UPGRADED | 3BR,2.5BA | $1.22 |
| 11 West | Student Housing | Two Bedroom | 2BR,2BA | $0.65 |
| Yuma Court Townhomes | 2x1.5 Market | 2BR,1.5BA | $1.37 |
| Greentree Village | 2x1C | 2BR,1BA | $1.20 |
| Bristol Square | Two Bedroom | 2BR,1BA | $1.24 |
| Peak Elevation Apartments | LOOK & LEASE SPECIAL $200 OFF MOVE IN | 2BR,1BA | $1.37 |
| Austin Park | Pikes Peak | 2BR,1BA | $1.27 |
| Mason Manor Apartments | 1bd/1ba Renovated | 1BR,1BA | $1.31 |
| Spring Creek | 1 Bedroom 1 Bathroom | 1BR,1BA | $1.37 |
| Kalo Springs | KaloSolo | 1BR,1BA | $1.38 |
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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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 LifestylePalmer Park, Colorado Springs, CO
Ranked #18
Among cities in Colorado for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
4.0Pet Friendly
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!
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 $850.
What is the price of a cheap apartment in Palmer Park?
The cheapest apartment in Palmer Park is Updated 1 Bed/1 Bath Apartments in Central Colorado Springs – Near Palmer Park! which is listed at $771, while the average apartment in Palmer Park costs $2,212.
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 52 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 $295 which is $1,917 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.

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Just the name Colorado Springs makes me think of home. I’m Darla, your ApartmentHomeLiving.com Local Expert for Colorado Springs, CO.

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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Everything is a negotiation in real estate!

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.














