
Cheap Apartments for Rent in the Park Hill Neighborhood of Colorado Springs, CO from $714 (61 Rentals)
Search the lowest-cost Apartments available for rent right now in the Park Hill area of Colorado Springs.


Total Monthly Price
The Montelena

Regal Estates

Total Monthly Price
Ascent Apartments

335 Ruskin Dr

Total Monthly Price
Lincoln Springs Apartments

The Lofts at Rock Vue

Total Monthly Price
Oakridge on the Green

Total Monthly Price
Peak View

Peak 4420 on E Pikes Peak
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

520 Alexander Rd

3175 E Fountain Blvd

Total Monthly Price
Fairway Valley Apartments

The Park at Whispering Pines

Total Monthly Price
The Carlson Apartments

Courtyard Apartments

Total Monthly Price
Stone Canyon

Total Monthly Price
Mountain Ridge

Total Monthly Price
Antero

Esperanza Village Apartments
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.

Total Monthly Price
Fountain Oaks

Windmill Apartments

Fairway View

321 S Murray Blvd

805 S Circle Dr

340 Gahart Dr

Total Monthly Price
Eastcrest Apartments

Total Monthly Price
Oakdale Springs

Total Monthly Price
1184 Mazatlan Cir, Unit A

902 Teal Ct
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.

2619 Weir Ave

Kalo Four Seasons

Central Heights

357 Gahart Dr

3619 Michigan Ave

Copper Stone

335 Ruskin Dr

2403-2413 E Saint Vrain St

Creek View Apartments

Monroe
How I Find the Perfect Rental for My Clients: A Real Estate Pro's Guide
Finding the right apartment starts with three things: location, cost, and amenities. Get the insider perspective from a real estate professional on how to nail all three.

308 Pitkin St

Autumn Lane Apartments

Boulder Manor Apartments

1010 Mazatlan Cir

Hilltop at Valley Hi

411 - 413 Prairie Rd.

Westview Apartments

The Grove

918-922 Teal Ct.

The Flats at Fountain
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.
Park Hill, Colorado Springs, CO Local Guide

How much does it cost to rent an apartment in Park Hill?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Park Hill Studio Apartments | $884 | $775 | $900 |
| Park Hill 1 Bedroom Apartments | $1,098 | $814 | $1,817 |
| Park Hill 2 Bedroom Apartments | $1,331 | $845 | $1,885 |
| Park Hill 3 Bedroom Apartments | $1,795 | $1,199 | $2,400 |
Browse Apartments in this Neighborhood
There are currently 61 rentals with your search options within a 2 mile radius of the Park Hill Neighborhood of Colorado Springs, CO.
See all Apartments in Colorado SpringsExplore Colorado Springs
Park Hill, Colorado Springs, CO Local Guide
- Nearby Colorado Springs neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Park Hill Apartments for Rent
 The cheapest available apartment rental in the Park Hill area of Colorado Springs, CO is a 1 Bed unit found at Kalo Four Seasons priced from $799. The Montelena has the second lowest priced unit, which is a Studio apartment currently listed from $799. Here are the most affordable Park Hill apartments for rent in Colorado Springs, CO:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Kalo Four Seasons | KaloSolo-Premium | 1BR,1BA | $799 |
| The Montelena | Studio | Studio,1BA | $799 |
| 357 Gahart Dr | 2 Beds, 1 Baths | 2BR,1BA | $810 |
| 3619 Michigan Ave | 1 Beds, 1 Baths | 1BR,1BA | $829 |
| Ascent Apartments | 1 Bedroom | 1BR,1BA | $832 |
| 335 Ruskin Dr | 2 Beds, 1 Baths | 2BR,1BA | $845 |
| Lincoln Springs Apartments | A1 | 1BR,1BA | $849 |
| The Lofts at Rock Vue | 1/1 | 1BR,1BA | $850 |
| Gardens at Hidden Creek Apartments | 1/1.00 | 1BR,1BA | $850 |
| Regal Estates | 1 Bed 1 Bath | 1BR,1BA | $859 |
Best Value Apartments for Rent in Park Hill, CO
As of August 23, 2026 the best value apartment in the Park Hill area is the $1.34 price per square foot 2 x 1.5 Model at The Townhouse Apartment Homes in the in the Deerfield Hills neighborhood starting from $1,875. The second greatest value Park Hill apartment is the 2 Bedrooms/2 Bath Model at Ascent Apartments starting at $1,352 with a $1.34 price per square foot in the Park Hill neighborhood. Here is today’s list of the best values for Park Hill apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Townhouse Apartment Homes | 2 x 1.5 | 2BR,1.5BA | $1.34 |
| Ascent Apartments | 2 Bedrooms/2 Bath | 2BR,2BA | $1.34 |
| Regal Estates | 1 Bed 1 Bath | 1BR,1BA | $0.86 |
| Eastcrest Apartments | 4445 | 2BR,1BA | $1.25 |
| Esperanza Village Apartments | 2x1 | 2BR,1BA | $1.14 |
| 918-922 Teal Ct. | 2BR/1.0BA | 2BR,1BA | $1.19 |
| 335 Ruskin Dr | 2 Beds, 1 Baths | 2BR,1BA | $1.11 |
| The Park at Whispering Pines | 1X1 Fully Remodel | 1BR,1BA | $1.24 |
| The Lofts at Rock Vue | 1/1 | 1BR,1BA | $1.31 |
| 357 Gahart Dr | 2 Beds, 1 Baths | 2BR,1BA | $1.29 |
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.
Lifestyle Ratings
Our team works hard to bring you our detailed rental search system called 'Lifestyle ratings', composed of neighborhoods, areas, and rental properties across Colorado and customized analysis for Colorado Springs, Colorado. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including our Star Ratings to compare for proximity to parks, luxury amenities, kid and pet-friendly communities, availability of transit options, in addition to floorplans, availablity, and pricing. Find Lifestyle Search in the filter options (above). Happy Searching!
Frequently Asked Questions about Cheap Park Hill Apartments
What is a cheap apartment in Park Hill?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in Park Hill is under $859.
What is the price of a cheap apartment in Park Hill?
The cheapest apartment in Park Hill is Kalo Four Seasons which is listed at $799, while the average apartment in Park Hill costs $1,085.
What types of apartments are the cheapest in Park Hill?
Student, low-income, and by-the-bed apartments are typically the cheapest rentals in most cities, though they require qualifying criteria to rent. There are 1 regular apartments in Park Hill that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
How do the prices of cheap apartments compare to the average apartment in Park Hill?
Cheap apartments in Park Hill have an average cost of $137 which is $948 cheaper than the average rent for all rentals in Park Hill.
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.

Practical Tips for Renters: How to Identify a Great Rental and Avoid Red Flags
Written by: Robin Stewart
Renters want to find a great apartment, the right place for them, one that checks all the boxes of location, rental cost, amenities, safety, and more.

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.