4260 McPherson Ave
Colorado SpringsCO80909
Cheap Homes for Rent in Palmer Park Neighborhood of Colorado Springs, CO from $500 (6 Rentals)
Search the lowest-cost Homes available for rent right now in the Palmer Park area of Colorado Springs.
1214 N Murray Blvd
Colorado SpringsCO80909
1801 Eagle View Dr
Colorado SpringsCO80909
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.
close
View Me
$895
Total Monthly Price
2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$847
Required Monthly Fees
$48
Total Monthly Price
$895
1075 Magnolia St, Unit 1
1075 Magnolia StColorado Springs, CO 80907
1606 McKay Way
Colorado SpringsCO80915
close
View Me
$1,043
Total Monthly Price
2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$995
Required Monthly Fees
$48
Total Monthly Price
$1,043
1075 Magnolia St, Unit 3
1075 Magnolia StColorado Springs, CO 80907
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.
Showing Results 1-6, Page 1 of 1
Palmer Park, Colorado Springs, CO Local Guide
Copyright CoStar Group, Inc
How much does it cost to rent a home in Palmer Park?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Palmer Park 2 Bedroom Homes for Rent | $1,446 | $835 | $2,126 |
| Palmer Park 3 Bedroom Homes for Rent | $2,005 | $1,650 | $2,400 |
| Palmer Park 4 Bedroom Homes for Rent | $2,285 | $2,095 | $2,524 |
| Palmer Park 5 Bedroom Homes for Rent | $2,586 | $2,586 | $2,586 |
Note: Properties with the Total Monthly Price badge include all required fees. Hover over the badge for details.
Browse Homes for Rent in this Neighborhood
There are currently 6 rentals with your search options within a 2 mile radius of the Palmer Park Neighborhood of Colorado Springs, CO.
Explore Colorado Springs
Palmer Park, Colorado Springs, CO Local Guide
- Nearby Colorado Springs neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- 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 $599. 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 | $599 |
| Park at Penrose Apartments | 1X1 (80 AMI) | 1BR,1BA | $771 |
| Kalo Springs | KaloSolo | 1BR,1BA | $775 |
Best Value Apartments for Rent in Palmer Park, CO
As of May 02, 2026 the best value apartment in the Palmer Park area is the $1.29 price per square foot Aspen Model at Ironwood at Palmer Park in the in the Stetson Run neighborhood starting from $1,375. The second greatest value Palmer Park apartment is the Two Bedroom Model at 11 West | Student Housing starting at $769 with a $0.75 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. |
|---|---|---|---|
| Ironwood at Palmer Park | Aspen | 2BR,2BA | $1.29 |
| 11 West | Student Housing | Two Bedroom | 2BR,2BA | $0.75 |
| Aviator Apartments | 3BR/2BA - C2 | 3BR,2BA | $1.35 |
| Greentree Village | 2x1C | 2BR,1BA | $1.32 |
| Pine Crest | B2 | 2BR,1BA | $1.31 |
| Kalo Springs | KaloDuo-Premium | 2BR,1BA | $1.31 |
| 1026 Westmoreland Rd, Unit #2 | 1026 Westmoreland Rd | 2BR,1BA | $1.31 |
| Citadel Village Apartments | Aspen1x1L NO UPGRADES | 1BR,1BA | $1.40 |
| Orchid Flats- RETIRED | 1X1 | 1BR,1BA | $1.40 |
| Mountain Pointe Apartments | Spacious one-bedroom apartment available NOW at... | 1BR,1BA | $1.33 |
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Learn the property manager's true secrets to a zero-deduction move-out. Use this step-by-step guide on documentation, cleaning, and lease-reading to reclaim your security deposit.
Read Article
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
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.
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.
Let everyone know!
Do you know the Palmer Park area?
If you’re an expert on all things Palmer Park, tell us what you love (and don't) by rating it and writing a review.
Write a Review
Best Local Schools in Palmer Park, Colorado Springs, CO
Audubon Elementary School
Colorado Springs 11 School District
Public School - Grades PK-5 (296)
4 out of 10
School data provided by Great Schools
Frequently Asked Questions about Palmer Park
What type of rentals are currently available in Palmer Park?
There are currently 268 Apartments for Rent in Palmer Park, CO with pricing that ranges from $599 to $2,255. There are also 43 Single Family Homes for rent, Condos, and Townhome rentals currently available in Palmer Park ranging from $597 to $2,586.
What is the current price range for Rental Homes in Palmer Park?
Today's rental pricing for Homes for Rent, Condos and Townhomes in Palmer Park ranges from $597 to $2,586 with an average monthly rent of $1,825.
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.
A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back
Written by: Lauren Harrington
I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.
Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts
Written by: Lauren Harrington
This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.
What Does “Rent Burdened” Mean? How Much Rent Is Too Much
Written by: Lauren Harrington
This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.