
Cheap Apartments for Rent in the South Colorado Springs Neighborhood of Colorado Springs, CO from $500 (133 Rentals)
Search the lowest-cost Apartments available for rent right now in the South Colorado Springs area of Colorado Springs.


1630 Shasta Dr, Unit 5

Panorama Heights

1501 Coolcrest Dr

Peak 1465

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Garrison Edge

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Gardens at Hidden Creek Apartments

225 E Brookside St

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The Montelena

Alta Apartments
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

1501 Coolcrest Dr

942 E Las Animas St, Unit Cabin

837 Oxford Ln

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Sedona Ridge Apartments

Regal Estates

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Ascent Apartments

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Lincoln Springs Apartments

Rosewood Apartments

The Lofts at Rock Vue

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Oakridge on the Green
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.

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Sienna Place

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Lookout at Broadmoor

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Peak View

2127 Preuss Rd

3175 E Fountain Blvd

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Marmont Springs Apartments

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Fairway Valley Apartments

214 S Wahsatch Ave

Aero Place Apartments

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The Residence at Skyway
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.

The Park at Whispering Pines

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The Carlson Apartments

Tamarac

315 May Dr

Artspace Colorado Springs

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Mountain Ridge

Applewood Apartments

The Lofts @ 1567

Prospect Park

3665 Michigan Ave
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.

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722 E Cucharras St, Unit Studio C

1765 Zebulon Dr

The Village at Homewood Point

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Fountain Oaks

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Peak 1535 on South 8th Street

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Copper Chase

Fairway View

4321 Lashelle Ave

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Cottages at South Murray

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Sumner House
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.
South Colorado Springs, Colorado Springs, CO Local Guide

How much does it cost to rent an apartment in South Colorado Springs?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| South Colorado Springs Studio Apartments | $1,323 | $760 | $2,800 |
| South Colorado Springs 1 Bedroom Apartments | $1,495 | $789 | $3,798 |
| South Colorado Springs 2 Bedroom Apartments | $1,889 | $588 | $4,420 |
| South Colorado Springs 3 Bedroom Apartments | $2,017 | $747 | $3,892 |
| South Colorado Springs 4 Bedroom Apartments | $2,404 | $2,250 | $2,525 |
Browse Apartments in this Neighborhood
There are currently 133 rentals with your search options within a 2 mile radius of the South Colorado Springs Neighborhood of Colorado Springs, CO.
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South Colorado Springs, Colorado Springs, CO Local Guide
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Cheapest Available South Colorado Springs Apartments for Rent
 The cheapest available apartment rental in the South Colorado Springs area of Colorado Springs, CO is a 2 Beds unit found at Bentley Commons priced from $588. Panorama Heights has the second lowest priced unit, which is a 2 Beds apartment currently listed from $646. Here are the most affordable South Colorado Springs apartments for rent in Colorado Springs, CO:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Bentley Commons | One Bedroom | 2BR,1BA | $588 |
| Panorama Heights | 2 Bedroom B | 2BR,2BA | $646 |
| Garrison Edge | S1 | Studio,1BA | $774 |
| Southgate Commons | 1 Bedroom - No Balcony | 1BR,1BA | $775 |
| The Montelena | Studio | Studio,1BA | $799 |
| Alta Apartments | The Peak | Studio,1BA | $800 |
| 3619 Michigan Ave | 1 Beds, 1 Baths | 1BR,1BA | $829 |
| Ascent Apartments | 1 Bedroom | 1BR,1BA | $832 |
| Rosewood Apartments | 2 Beds, 1 Baths | 2BR,1BA | $849 |
| Lincoln Springs Apartments | A1 | 1BR,1BA | $849 |
Best Value Apartments for Rent in South Colorado Springs, CO
As of August 18, 2026 the best value apartment in the South Colorado Springs area is the $0.95 price per square foot B2 Model at Broadview Ridge in the in the Stratton Meadows neighborhood starting from $2,252. The second greatest value South Colorado Springs apartment is the 2 Bedrooms/2 Bath Model at Ascent Apartments starting at $1,330 with a $1.32 price per square foot in the Park Hill neighborhood. Here is today’s list of the best values for South Colorado Springs apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Broadview Ridge | B2 | 2BR,2.5BA | $0.95 |
| Ascent Apartments | 2 Bedrooms/2 Bath | 2BR,2BA | $1.32 |
| Regal Estates | 1 Bed 1 Bath | 1BR,1BA | $0.86 |
| Shooks Run | 2x2 50% | 2BR,2BA | $1.21 |
| Rosewood Apartments | 2 Beds, 1 Baths | 2BR,1BA | $0.94 |
| 918-922 Teal Ct. | 2BR/1.0BA | 2BR,1BA | $1.19 |
| 2127 Preuss Rd | 2 Beds, 1 Baths | 2BR,1BA | $1.13 |
| The Park at Whispering Pines | 1X1 Fully Remodel | 1BR,1BA | $1.24 |
| Homewood Point Apartments | 1BR/1.0BA | 1BR,1BA | $1.14 |
| The Lofts at Rock Vue | 1/1 | 1BR,1BA | $1.31 |
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.
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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 South Colorado Springs, Colorado Springs, CO
Broadmoor Elementary School
Cheyenne Mountain High School
School data provided by Great Schools
Lifestyle Ratings
ApartmentHomeLiving.com is proud to bring you our detailed rental search system called 'Lifestyle ratings', composed of neighborhoods, metropolitan areas, and rental properties across Colorado including South Colorado Springs, Colorado Springs, and the greater Colorado Springs area. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including searching for the best amenities, and outdoor amenities like tennis courts, kid and pet-friendly communities, availability of transit options, and how walkable or bikeable each community and area is. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!
Frequently Asked Questions about Cheap South Colorado Springs Apartments
What is a cheap apartment in South Colorado Springs?
A cheap apartment is any apartment up to the 30% percentile of cost for the area, which in South Colorado Springs is under $849.
What is the price of a cheap apartment in South Colorado Springs?
The cheapest apartment in South Colorado Springs is Southgate Commons which is listed at $775, while the average apartment in South Colorado Springs costs $1,545.
What types of apartments are the cheapest in South Colorado Springs?
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 61 regular apartments in South Colorado Springs 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 South Colorado Springs?
Cheap apartments in South Colorado Springs have an average cost of $178 which is $1,367 cheaper than the average rent for all rentals in South Colorado Springs.
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.