
Cheap Homes for Rent in Palmer Park Neighborhood of Colorado Springs, CO from $500 (10 Rentals)
Search the lowest-cost Homes available for rent right now in the Palmer Park area of Colorado Springs.


1214 N Murray Blvd

3634 Alpine Pl

1075 Magnolia St

3026 N Prospect St
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.

1062 Westmoreland Rd

1824 E San Rafael St

1708 Sawyer Way

2627 E Uintah St

2406 N Logan Ave
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.
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 | $1,618 | $1,206 | $2,020 |
| Palmer Park 3 Bedroom Homes for Rent | $2,023 | $1,650 | $2,600 |
| Palmer Park 4 Bedroom Homes for Rent | $2,340 | $2,100 | $2,586 |
| Palmer Park 5 Bedroom Homes for Rent | $2,399 | $2,150 | $2,550 |
| Palmer Park 6 Bedroom Homes for Rent | $4,050 | $3,500 | $4,600 |
Browse Homes for Rent in this Neighborhood
There are currently 10 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 |
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
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.
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 264 Apartments for Rent in Palmer Park, CO with pricing that ranges from $679 to $2,250. There are also 61 Single Family Homes for rent, Condos, and Townhome rentals currently available in Palmer Park ranging from $595 to $4,600.
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 $595 to $4,600 with an average monthly rent of $2,225.
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 $679 to $2,169, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,650 to $2,600. Four Bedroom Single-Family rentals are also available starting from $2,100 and Four Bedroom Apartments start at $700.
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.