
Cheap Homes for Rent in the Palmer Park Neighborhood of Colorado Springs, CO from $600 (16 Rentals)
Search the lowest-cost Homes available for rent right now in the Palmer Park area of Colorado Springs.


2325 Royal Palm Dr

2051 N Academy Blvd, Unit Room 2

1991 Palm Dr

1021 Delaware Dr
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

1214 Janes Ln

828 1/2 E Cache La Poudre St

1062 Westmoreland Rd, Unit 3

1016 Magnolia St, Unit B

1212 1/2 McArthur Ave
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.

907.5 2nd St

1708 Sawyer Way, Unit 165

1708 Sawyer Way

1436 Howard Ave

1708 Sawyer Way
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.

4385 Oro Blanco Dr
Palmer Park, Colorado Springs, CO Local Guide

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 | $1,620 | $1,039 | $2,400 |
| Palmer Park 3 Bedroom Homes for Rent | $2,022 | $1,295 | $2,650 |
| Palmer Park 4 Bedroom Homes for Rent | $2,407 | $1,950 | $2,800 |
| Palmer Park 5 Bedroom Homes for Rent | $2,509 | $2,195 | $2,656 |
Browse Homes for Rent in this Neighborhood
There are currently 16 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 |
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
Frequently Asked Questions about Palmer Park
What type of rentals are currently available in Palmer Park?
There are currently 277 Apartments for Rent in Palmer Park, CO with pricing that ranges from $599 to $2,577. There are also 84 Single Family Homes for rent, Condos, and Townhome rentals currently available in Palmer Park ranging from $640 to $2,800.
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 $640 to $2,800 with an average monthly rent of $1,838.
How much are larger Three and Four Bedroom Rentals in Palmer Park?
For those who are looking for larger living arrangements, Three Bedroom Apartments in Palmer Park range from $599 to $2,313, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,295 to $2,650. Four Bedroom Single-Family rentals are also available starting from $1,950 and Four Bedroom Apartments start at $2,464.
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.