Cheap Homes for Rent in Palmer Park Neighborhood of Colorado Springs, CO from $500 (10 Rentals)

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Search the lowest-cost Homes available for rent right now in the Palmer Park area of Colorado Springs.

property at 4260 McPherson Ave

$595 - $930

Total Monthly Price6 Month Lease Term

Total Monthly Price

Base Rent
$595 - $930

Total Monthly Price
$595 - $930

1 Bedroom, 1 Bath Home for Rent

Available Now

4260 McPherson Ave

Colorado SpringsCO80909

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property at 1824 E San Rafael St

$1,195

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,195

Total Monthly Price
$1,195

1 Bedroom, 1 Bath Home for Rent

Available Now

1824 E San Rafael St

Colorado SpringsCO80909
property at 2627 E Uintah St

$1,206

Total Monthly Price

Total Monthly Price

Base Rent
$1,206

Total Monthly Price
$1,206

2 Bedroom, 1 Bath Condo for Rent

Available Now

2627 E Uintah St

Colorado SpringsCO80909

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Palmer Park, Colorado Springs, CO Local Guide

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 ListingModel NameBed/BathPriced From
11 West | Student HousingThree Bedroom3BR,3BA$679
Park at Penrose Apartments1X1 (80% AMI)1BR,1BA$771
Airlan ArmsStudioStudio,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Ironwood at Palmer ParkPine2BR,2BA$1.31
Aviator Apartments3BR/2BA - C23BR,2BA$1.35
11 West | Student HousingTwo Bedroom2BR,2BA$0.78
Greentree Village2x1B2BR,1BA$1.20
Spring Creek2 Bedroom 1 Bathroom 8702BR,1BA$1.45
Devonshire SquareThe Stafford1BR,1BA$1.44
Citadel Village ApartmentsAspen1x1L UPGRADED1BR,1BA$1.40
Mason Manor ApartmentsFREE Application Fee1BR,1BA$1.42
Orchid Flats1X11BR,1BA$1.40
Kalo Rustic HillsKaloSolo-Premium1BR,1BA$1.50

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Don't Settle: How to Negotiate Your Apartment Lease and Save Money

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Cash or credit? Understanding the Importance of Credit Score in Real Estate and Renting

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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

decorative image for A Local Experts Guide To 10 Budget-Friendly Neighborhoods to Rent in Colorado Springs, CO article

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.

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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.

decorative image for 18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property article

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.

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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.