Cheap Apartments for Rent in the South Colorado Springs Neighborhood of Colorado Springs, CO from $500 (139 Rentals)

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Search the lowest-cost Apartments available for rent right now in the South Colorado Springs area of Colorado Springs.

property at 1630 Shasta Dr

$600 - $880

Total Monthly Price6 Month Lease Term

Total Monthly Price

Base Rent
$600 - $880

Total Monthly Price
$600 - $880

1 Bedroom, 1 Bath Home for Rent

Available Now

1630 Shasta Dr

Colorado SpringsCO80910
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Lincoln Springs
$750 - $1,199
Total Monthly Price

Total Monthly Price

Base Rent
$750 - $1,199

Total Monthly Price
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1 to 2 Bedroom Apartments Available Now

Lincoln Springs

1170 S Chelton RdColorado Springs, CO 80910
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Arbor Pointe Apartments
$799 - $959
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$799 - $959

Total Monthly Price
$799 - $959
1 to 2 Bedroom Apartments Available Now

Arbor Pointe Apartments

2475-2503 Hancock ExpyColorado Springs, CO 80910
Affordability
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  • Customer Reviewed
  • Utilities Included

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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Fountain Oaks Apartments
$812 - $1,090
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$772 - $1,050
Required Monthly Fees
$40

Total Monthly Price
$812 - $1,090
Studio to 2 Bedroom Apartments Contact Us For Availability

Fountain Oaks Apartments

2610-2614 E Fountain BlvdColorado Springs, CO 80910
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Oakridge on the Green
Rent Specials
$834 - $1,720
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$823 - $1,709
Required Monthly Fees
$11

Total Monthly Price
$834 - $1,720
1 to 2 Bedroom Apartments Available Now

Oakridge on the Green

801-809 S Circle DrColorado Springs, CO 80910
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  • Utilities Included

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.

property at 214 S Wahsatch Ave

$875

Total Monthly Price

Total Monthly Price

Base Rent
$875

Total Monthly Price
$875

Studio, 1 Bath Home for Rent

Available Now

214 S Wahsatch Ave

Colorado SpringsCO80903
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Fairway Valley Apartments
$900 - $1,250
Total Monthly Price12 Month Lease Term

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$900 - $1,250

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Studio to 2 Bedroom Apartments Available Now

Fairway Valley Apartments

3603 Airport RdColorado Springs, CO 80910
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The Residence at Skyway
$915 - $1,315
Total Monthly Price12 Month Lease Term

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Base Rent
$900 - $1,300
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1 to 2 Bedroom Apartments Contact Us For Availability

The Residence at Skyway

855-901 S Skyway BlvdColorado Springs, CO 80905
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Westview Apartments
Rent Specials
$925 - $1,345
Total Monthly Price

Total Monthly Price

Base Rent
$915 - $1,335
Required Monthly Fees
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1 to 2 Bedroom Apartments Available Now

Westview Apartments

223 University DrColorado Springs, CO 80910
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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.

property at 20 N Corona St

$950

Total Monthly Price

Total Monthly Price

Base Rent
$950

Total Monthly Price
$950

2 Bedroom, 1 Bath Home for Rent

Available Jun 10

20 N Corona St

Colorado SpringsCO80903
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Lookout at Broadmoor
Rent Specials
$965 - $1,585
Total Monthly Price

Total Monthly Price

Base Rent
$965 - $1,585

Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

Lookout at Broadmoor

810-816 Oxford LnColorado Springs, CO 80905
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property at 956 W Moreno Ave

$973

Total Monthly Price

Total Monthly Price

Base Rent
$925
Required Monthly Fees
$48

Total Monthly Price
$973

1 Bedroom, 1 Bath Rentals

Available Now

956 W Moreno Ave

Colorado SpringsCO80905

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.

property at 2127 Preuss Rd

$1,050

Total Monthly Price

Total Monthly Price

Base Rent
$1,050

Total Monthly Price
$1,050

2 Bedroom, 1 Bath Home for Rent

Available Now

2127 Preuss Rd

Colorado SpringsCO80910
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4339 Ericson Dr, Unit #2, Unit #2
$1,050
Total Monthly Price11 Month Lease Term

Total Monthly Price

Base Rent
$1,050

Total Monthly Price
$1,050
2 Bedroom Apartment Available Now

4339 Ericson Dr, Unit #2, Unit #2

4339 Ericson DrColorado Springs, CO 80906
Affordability
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Cottages at South Murray
Rent Specials
$1,076 - $2,868
Total Monthly Price

Total Monthly Price

Base Rent
$1,030 - $2,822
Required Monthly Fees
Varies

Total Monthly Price
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Studio to 2 Bedroom Apartments Available Now

Cottages at South Murray

2023 Murray Creek PtColorado Springs, CO 80916
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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

South Colorado Springs, Colorado Springs, CO Local Guide

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. The Montelena has the second lowest priced unit, which is a Studio apartment currently listed from $749. Here are the most affordable South Colorado Springs apartments for rent in Colorado Springs, CO:

Apartment ListingModel NameBed/BathPriced From
Bentley CommonsOne Bedroom2BR,1BA$588
The MontelenaStudioStudio,1BA$749
Lincoln SpringsA11BR,1BA$750
Peak 14650/1Studio,1BA$760
Southgate Commons1 Bedroom - No Balcony1BR,1BA$769
Riverbend Apartments1x1 LVT1BR,1BA$782
Marmont Springs ApartmentsGarden1BR,1BA$785
Arbor Pointe ApartmentsOne Bedroom1BR,1BA$799
Sedona Ridge Apartments0BD, 1BTH AStudio,1BA$804
Alta ApartmentsThe PeakStudio,1BA$827

Best Value Apartments for Rent in South Colorado Springs, CO

As of May 20, 2026 the best value apartment in the South Colorado Springs area is the $0.96 price per square foot 1 Bed 1 Bath Model at Regal Estates in the in the Eastborough neighborhood starting from $959. The second greatest value South Colorado Springs apartment is the 2 Bedroom A Model at Panorama Heights starting at $1,078 with a $1.18 price per square foot in the Deerfield Hills neighborhood. Here is today’s list of the best values for South Colorado Springs apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Regal Estates1 Bed 1 Bath1BR,1BA$0.96
Panorama Heights2 Bedroom A2BR,2BA$1.18
Rosewood Apartments2 Beds, 1 Baths2BR,1BA$0.94
Union Blvd Apartments2 Beds, 1 Baths2BR,1BA$1.03
Lincoln SpringsB22BR,2BA$1.24
4205 Loomis Ave4205 Loomis Ave2BR,1BA$1.37
Park PlaceTwo Bedroom2BR,1BA$1.28
Westview Apartments1 Bedroom1BR,1BA$1.37
Peak View1 Bedroom1BR,1BA$1.31
Marmont Springs ApartmentsGarden1BR,1BA$1.26

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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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.

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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 $827.

What is the price of a cheap apartment in South Colorado Springs?

The cheapest apartment in South Colorado Springs is Lincoln Springs which is listed at $750, while the average apartment in South Colorado Springs costs $2,040.

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 141 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 $311 which is $1,729 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

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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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

decorative image for Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts  article

Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.