Cheap Apartments for Rent in the South Colorado Springs Neighborhood of Colorado Springs, CO from $500 (116 Rentals)

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

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$1,127 - $2,782Studio to 2 Bedroom Apartments Available Now

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322 E Vermijo AveColorado Springs, CO 80903
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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. Southgate Commons has the second lowest priced unit, which is a 1 Bed apartment currently listed from $699. 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
Southgate Commons1BR/1.0BA1BR,1BA$699
Alta ApartmentsThe Peak - DesignerStudio,1BA$715
Ascent Apartments1 Bedroom1BR,1BA$725
Shooks Run1x1 40%1BR,1BA$768
Applewood Apartments1BR/1.0BA1BR,1BA$775
The MontelenaStudioStudio,1BA$795
Sienna Place1X11BR,1BA$799
Oakridge on the GreenAshcroft - C Grade1BR,1BA$843
Lincoln Springs Apartments1BR/1BA - A11BR,1BA$849

Best Value Apartments for Rent in South Colorado Springs, CO

As of November 11, 2025 the best value apartment in the South Colorado Springs area is the $1.15 price per square foot 1620 Monterey Rd Model at 1620 Monterey Rd, Unit 101 in the in the Deerfield Hills neighborhood starting from $1,800. The second greatest value South Colorado Springs apartment is the Large 2 bed/1.5 bath apartment with HUGE baseme... Model at The Townhouse Apartments starting at $1,725 with a $1.23 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.
1620 Monterey Rd, Unit 1011620 Monterey Rd3BR,3BA$1.15
The Townhouse ApartmentsLarge 2 bed/1.5 bath apartment with HUGE baseme...2BR,1.5BA$1.23
Regal Estates1 Bed 1 Bath1BR,1BA$0.96
Homewood Point2BR/2.0BA2BR,2BA$1.12
Union Blvd Apartments2 Beds, 1 Baths2BR,1BA$1.03
Rosewood Apartments2 Beds, 1 Baths2BR,1BA$0.94
Riverbend Apartments2 Beds, 1 Baths2BR,1BA$1.11
The Park at Whispering Pines1X1 Fully Remodel1BR,1BA$1.24
Shooks Run1x1 40%1BR,1BA$1.08
Ascent Apartments1 Bedroom1BR,1BA$1.13

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Pet Friendly Lifestyle
South Colorado Springs, Colorado Springs, CO

Ranked #3

Among cities in Colorado for Apartment listings with Pet Friendly Amenities.

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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Best Local Schools in
South Colorado Springs, Colorado Springs, CO

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 $699, while the average apartment in South Colorado Springs costs $2,800.

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 104 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 $202 which is $2,598 cheaper than the average rent for all rentals in South Colorado Springs.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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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Apartment Common Area Rules: What Renters Need to Know

Written by: Christine Leonard, Esq.

Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.

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How to Negotiate Your Apartment Lease and Save Money

Written by: Christine Leonard, Esq.

Everything is a negotiation in real estate! 

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The Rental Move-In Inspection Checklist: A Guide for Renters

Written by: Trey Huguley

The move-in inspection checklist is a crucial tool for both tenants and landlords. This checklist, provided by the team at ApartmentHomeLiving.com, helps document the condition of an apartment at the time of move-in.