
Cheap Apartments for Rent in the Park Hill Neighborhood of Colorado Springs, CO from $500 (67 Rentals)
Search the lowest-cost Apartments available for rent right now in the Park Hill area of Colorado Springs.


The Lofts at Rock Vue

Regal Estates

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Peak View

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The Montelena

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Lincoln Springs

Courtyard Apartments

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Oakridge on the Green

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Ascent Apartments

335 Ruskin Dr
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.

Peak 4420 on E Pikes Peak

3175 E Fountain Blvd

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Fairway Valley Apartments

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Mountain Ridge

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Stone Canyon

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The Park at Whispering Pines

Esperanza Village Apartments

308 Pitkin St

Windmill Apartments

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Antero
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.

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The Carlson Apartments

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Fountain Oaks

Fairway View

4060 Airport Rd

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Nash Springs Apartments

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1210 Firefly Cir

349 Gahart Dr, Unit C

349 Gahart Dr, Unit B

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Parc at Prairie Grass

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1002 Mazatlan Cir
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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Eastcrest Apartments

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Oakdale Springs

3341 E Fountain Blvd, Unit 211

4319 Dewey Dr, Unit 4

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Academy Heights Apartments

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1184 Mazatlan Cir, Unit A

902 Teal Ct

2619 Weir Ave

Kalo Four Seasons

Central Heights
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.

Autumn Lane Apartments

Copper Stone

2403-2413 E Saint Vrain St

Gardens at Hidden Creek Apartments

Creek View Apartments

357 Gahart Dr

Monroe

Boulder Manor Apartments

Hilltop at Valley Hi

Westview Apartments
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.
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 | $893 | $849 | $900 |
| Park Hill 1 Bedroom Apartments | $1,095 | $599 | $1,523 |
| Park Hill 2 Bedroom Apartments | $1,356 | $895 | $1,886 |
| Park Hill 3 Bedroom Apartments | $1,914 | $1,199 | $2,273 |
Browse Apartments in this Neighborhood
There are currently 67 rentals with your search options within a 2 mile radius of the Park Hill Neighborhood of Colorado Springs, CO.
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Park Hill, Colorado Springs, CO Local Guide
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Cheapest Available Park Hill Apartments for Rent
 The cheapest available apartment rental in the Park Hill area of Colorado Springs, CO is a 2 Beds unit found at 902 Teal Ct priced from $714. Kalo Four Seasons has the second lowest priced unit, which is a 1 Bed apartment currently listed from $749. Here are the most affordable Park Hill apartments for rent in Colorado Springs, CO:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| 902 Teal Ct | 2 Beds, 1 Baths | 2BR,1BA | $714 |
| Kalo Four Seasons | KaloSolo | 1BR,1BA | $749 |
| Central Heights | A1 | 1BR,1BA | $795 |
| Peak View | 1 Bedroom | 1BR,1BA | $818 |
| Lincoln Springs | A1 | 1BR,1BA | $849 |
| The Montelena | Studio | Studio,1BA | $849 |
| Courtyard Apartments | 1BR/1.0BA | 1BR,1BA | $850 |
| Gardens at Hidden Creek Apartments | 1/1.00 | 1BR,1BA | $850 |
| 2403-2413 E Saint Vrain St | 1 Beds, 1 Baths | 1BR,1BA | $850 |
| Oakridge on the Green | Ashcroft - C Grade | 1BR,1BA | $851 |
Best Value Apartments for Rent in Park Hill, CO
As of July 09, 2026 the best value apartment in the Park Hill area is the $1.20 price per square foot *** $700 OFF MOVE IN TOTAL ***2 Bedroom 1.5 Bat... Model at The Townhouse Apartment Homes in the in the Deerfield Hills neighborhood starting from $1,681. The second greatest value Park Hill apartment is the 1 Bed 1 Bath Model at Regal Estates starting at $859 with a $0.86 price per square foot in the Eastborough 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 | *** $700 OFF MOVE IN TOTAL ***2 Bedroom 1.5 Bat... | 2BR,1.5BA | $1.20 |
| Regal Estates | 1 Bed 1 Bath | 1BR,1BA | $0.86 |
| Eastcrest Apartments | 4463 | 2BR,1BA | $1.31 |
| Esperanza Village Apartments | 2x1 | 2BR,1BA | $1.25 |
| Westview Apartments | Two Bedroom | 2BR,1BA | $1.36 |
| Peak View | 2 Bedroom | 2BR,1BA | $1.35 |
| The Park at Whispering Pines | 1X1 Fully Remodel | 1BR,1BA | $1.31 |
| Lincoln Springs | A1 | 1BR,1BA | $1.37 |
| Courtyard Apartments | 1BR/1.0BA | 1BR,1BA | $1.38 |
| 902 Teal Ct | 2 Beds, 1 Baths | 2BR,1BA | $1.19 |
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 $851.
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 $749, while the average apartment in Park Hill costs $2,023.
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 8 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 $286 which is $1,737 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

A Local Expert's 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.