4260 McPherson Ave, Unit 4
4260 McPherson Ave
Colorado SpringsCO80909
Cheap Homes for Rent in Palmer Park Neighborhood of Colorado Springs, CO from $500 (15 Rentals)
Search the lowest-cost Homes available for rent right now in the Palmer Park area of Colorado Springs.
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$745
Total Monthly Price
2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$697
Required Monthly Fees
$48
Total Monthly Price
$745
1075 Magnolia St, Unit 3
1075 Magnolia StColorado Springs, CO 80907
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$795
Total Monthly Price
2 Bedroom Apartments Available NowTotal Monthly Price
Base Rent
$747
Required Monthly Fees
$48
Total Monthly Price
$795
1075 Magnolia St, Unit 1
1075 Magnolia StColorado Springs, CO 80907
3634 Alpine Pl
Colorado SpringsCO80909
2051 N Academy Blvd, Unit Room 2
2051 N Academy Blvd
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.
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$1,0812 Bedroom Apartments Available Now
1016 Magnolia St, Unit B
1016 Magnolia StColorado Springs, CO 80907
1214 Janes Ln
Colorado SpringsCO80909
1490 Sausalito Dr
Colorado SpringsCO80907
1212 McArthur Ave
Colorado SpringsCO80909
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$1,2002 Bedroom Apartments Available Now
4715 Scenic Cir, Unit 4
4715 Scenic CirColorado Springs, CO 80917
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.
907.5 2nd St
Colorado SpringsCO80907
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$1,2901 Bedroom Apartments Available Aug 1
2330 E Yampa St, Unit 1
2330 E Yampa StColorado Springs, CO 80909
3116 Illinois Ave
Colorado SpringsCO80907
4385 Oro Blanco Dr
Colorado SpringsCO80917
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$1,3002 Bedroom Apartments Available Now
1127 McArthur Ave, Unit A
1127 McArthur AveColorado Springs, CO 80909
Cash 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.
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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 | $1,600 | $1,150 | $2,126 |
| Palmer Park 3 Bedroom Homes for Rent | $2,047 | $1,325 | $2,695 |
| Palmer Park 4 Bedroom Homes for Rent | $2,337 | $2,100 | $2,600 |
| Palmer Park 5 Bedroom Homes for Rent | $2,530 | $2,075 | $2,785 |
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 15 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 $622. Park at Penrose Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $731. 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 | $622 |
| Park at Penrose Apartments | 1X1 (50 AMI) | 1BR,1BA | $731 |
| Kalo Lelaray | KaloSolo | 1BR,1BA | $750 |
| Airlan Arms | Studio | Studio,1BA | $759 |
| Park at Palmer Apartments | 1x1 | 1BR,1BA | $782 |
Best Value Apartments for Rent in Palmer Park, CO
As of July 02, 2026 the best value apartment in the Palmer Park area is the $1.27 price per square foot 3BR/1BA - C1 Model at Aviator Apartments in the in the Knob Hill neighborhood starting from $1,315. The second greatest value Palmer Park apartment is the Two Bedroom Model at 11 West | Student Housing starting at $722 with a $0.71 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 | $1.27 |
| 11 West | Student Housing | Two Bedroom | 2BR,2BA | $0.71 |
| 1204 Fagin Dr, Unit Private Room | 1204 Fagin Dr | 1BR,1BA | $0.89 |
| Kalo Springs | KaloDuo-Premium | 2BR,1BA | $1.31 |
| Greentree Village | 2x1B | 2BR,1BA | $1.11 |
| Lookout on Cragmor | Student Housing | B1 | 2 Bedroom | 2BR,2BA | $0.95 |
| Pine Crest | B1 | 2BR,1BA | $1.28 |
| Crestmoor Apartments | 1 bed, 1 bath | 1BR,1BA | $1.26 |
| Vista Peak | 1x1 | 1BR,1BA | $1.31 |
| Orchid Flats | A1 | 1BR,1BA | $1.25 |
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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Real 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.
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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.
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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 272 Apartments for Rent in Palmer Park, CO with pricing that ranges from $622 to $3,500. There are also 69 Single Family Homes for rent, Condos, and Townhome rentals currently available in Palmer Park ranging from $597 to $2,785.
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 $2,785 with an average monthly rent of $1,896.
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 $622 to $2,195, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,325 to $2,695. Four Bedroom Single-Family rentals are also available starting from $2,100 and Four Bedroom Apartments start at $1,995.
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.
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.
Apartment Occupancy Rates: Renter Attraction vs Renter Retention
Written by: Robin Stewart
There’s a tenet in marketing about client or customer attraction and retention. Studies and data have consistently shown it costs less to keep a current customer than to attract a new one.
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Written by: Robin Stewart
Evaluating rental properties for clients draws many parallels to house-hunting. Whether an apartment, loft, townhouse, or other rental, finding the right place means finding “home” for your client.