Cheap Apartments for Rent in the South Colorado Springs Neighborhood of Colorado Springs, CO from $500 (138 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

$597 - $796

Total Monthly Price6 Month Lease Term

Total Monthly Price

Base Rent
$597 - $796

Total Monthly Price
$597 - $796

1 Bedroom, 1 Bath Home for Rent

Available Now

1630 Shasta Dr

Colorado SpringsCO80910
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Sedona Ridge Apartments
Rent Specials
$799 - $1,159
Total Monthly Price

Total Monthly Price

Base Rent
$799 - $1,159

Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

Sedona Ridge Apartments

2713 Arlington DrColorado Springs, CO 80910
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property at 514 Warren Ave

$800

Total Monthly Price1 Month Lease Term

Total Monthly Price

Base Rent
$800

Total Monthly Price
$800

3 Bedroom, 2 Bath Home for Rent

Available Now

514 Warren Ave

Colorado SpringsCO80905

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.

property at 225 E Brookside St

$805 - $1,105

Total Monthly Price

Total Monthly Price

Base Rent
$805

Total Monthly Price
$805

1 To 2 Bedroom Rentals

Available Now

225 E Brookside St

Colorado SpringsCO80905
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Peak View
$818 - $1,148
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$795 - $1,125
Required Monthly Fees
Varies

Total Monthly Price
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Studio to 2 Bedroom Apartments Available Now

Peak View

1205 S Chelton RdColorado Springs, CO 80910
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Garrison Edge
$824 - $1,349
Total Monthly Price

Total Monthly Price

Base Rent
$824 - $1,349

Total Monthly Price
Varies
Studio to 3 Bedroom Apartments Available Now

Garrison Edge

1026 Rice DrColorado Springs, CO 80905
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Lincoln Springs
$849 - $1,199
Total Monthly Price

Total Monthly Price

Base Rent
$849 - $1,199

Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

Lincoln Springs

1170 S Chelton RdColorado Springs, CO 80910
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The Montelena
Rent Specials
$849 - $1,400
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$849 - $1,400

Total Monthly Price
$849 - $1,400
Studio to 2 Bedroom Apartments Available Now

The Montelena

2409 E Pikes Peak AveColorado Springs, CO 80909
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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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Oakridge on the Green
Rent Specials
$851 - $1,760
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$840 - $1,749
Required Monthly Fees
$11

Total Monthly Price
$851 - $1,760
1 to 2 Bedroom Apartments Available Now

Oakridge on the Green

801-809 S Circle DrColorado Springs, CO 80910
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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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Ascent Apartments
Rent Specials
$884 - $1,370
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$884 - $1,370

Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

Ascent Apartments

1030 S Chelton RdColorado Springs, CO 80910
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property at 3175 E Fountain Blvd

$895

Total Monthly Price

Total Monthly Price

Base Rent
$895

Total Monthly Price
$895

1 Bedroom, 1 Bath Home for Rent

Available Now

3175 E Fountain Blvd

Colorado SpringsCO80910
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Fairway Valley Apartments
$900 - $1,250
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$900 - $1,250

Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

Fairway Valley Apartments

3603 Airport RdColorado Springs, CO 80910
Pet Friendly
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Sienna Place
Rent Specials
$902 - $1,698
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$899 - $1,695
Required Monthly Fees
Varies

Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Now

Sienna Place

1698 Lenmar DrColorado Springs, CO 80905
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The Residence at Skyway
$915 - $1,315
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$900 - $1,300
Required Monthly Fees
Varies

Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

The Residence at Skyway

855-901 S Skyway BlvdColorado Springs, CO 80905
Affordability
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  • Utilities Included

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 2127 Preuss Rd

$925

Total Monthly Price

Total Monthly Price

Base Rent
$925

Total Monthly Price
$925

2 Bedroom, 1 Bath Home for Rent

Available Now

2127 Preuss Rd

Colorado SpringsCO80910
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The Carlson Apartments
$943 - $1,364
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$937 - $1,358
Required Monthly Fees
Varies

Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

The Carlson Apartments

2818 Airport RdColorado Springs, CO 80910
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Mountain Ridge
Rent Specials
$965 - $1,204
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$960 - $1,199
Required Monthly Fees
Varies

Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Jul 10

Mountain Ridge

2505 Verde DrColorado Springs, CO 80910
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property at 519 S El Paso St

$995

Total Monthly Price

Total Monthly Price

Base Rent
$995

Total Monthly Price
$995

1 Bedroom, 1 Bath Home for Rent

Available Now

519 S El Paso St

Colorado SpringsCO80903

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.

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Fountain Oaks
Rent Specials
$1,030 - $1,150
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$979 - $1,099
Required Monthly Fees
$51

Total Monthly Price
$1,030 - $1,150
1 to 2 Bedroom Apartments Available Now

Fountain Oaks

2610-2614 E Fountain BlvdColorado Springs, CO 80910
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property at 4321 Lashelle Ave

$1,050

Total Monthly Price

Total Monthly Price

Base Rent
$1,050

Total Monthly Price
$1,050

1 Bedroom, 1 Bath Home for Rent

Available Jul 14

4321 Lashelle Ave

Colorado SpringsCO80906
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Cottages at South Murray
Rent Specials
$1,055 - $2,586
Total Monthly Price

Total Monthly Price

Base Rent
$1,009 - $2,540
Required Monthly Fees
Varies

Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

Cottages at South Murray

2023 Murray Creek PtColorado Springs, CO 80916
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The Vue at Spring Creek
$1,075 - $1,671
Total Monthly Price

Total Monthly Price

Base Rent
$1,068 - $1,664
Required Monthly Fees
Varies

Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

The Vue at Spring Creek

1836 Ralphs RdgColorado Springs, CO 80910
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Sumner House
$1,092 - $1,404
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,092 - $1,404

Total Monthly Price
$1,092 - $1,404
Studio to 2 Bedroom Apartments Contact Us For Availability

Sumner House

335 Victoria stColorado Springs, CO 80903
Affordability
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  • Utilities Included
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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.

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. 902 Teal Ct has the second lowest priced unit, which is a 2 Beds apartment currently listed from $714. 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
902 Teal Ct2 Beds, 1 Baths2BR,1BA$714
Panorama Heights3 Bedroom A3BR,2BA$747
Peak View1 Bedroom1BR,1BA$818
Garrison EdgeS1Studio,1BA$824
Alta ApartmentsThe PeakStudio,1BA$825
The MontelenaStudioStudio,1BA$849
Rosewood Apartments2 Beds, 1 Baths2BR,1BA$849
Lincoln SpringsA11BR,1BA$849
Gardens at Hidden Creek Apartments1/1.001BR,1BA$850

Best Value Apartments for Rent in South Colorado Springs, CO

As of July 04, 2026 the best value apartment in the South Colorado Springs area is the $1.31 price per square foot Three Bedroom / Two Bathrooms Model at Spring Creek in the in the Deerfield Hills neighborhood starting from $2,095. The second greatest value South Colorado Springs apartment is the *** $700 OFF MOVE IN TOTAL ***2 Bedroom 1.5 Bat... Model at The Townhouse Apartment Homes starting at $1,681 with a $1.20 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.
Spring CreekThree Bedroom / Two Bathrooms3BR,2BA$1.31
The Townhouse Apartment Homes*** $700 OFF MOVE IN TOTAL ***2 Bedroom 1.5 Bat...2BR,1.5BA$1.20
Regal Estates1 Bed 1 Bath1BR,1BA$0.86
Rosewood Apartments2 Beds, 1 Baths2BR,1BA$0.94
Union Blvd Apartments2 Beds, 1 Baths2BR,1BA$1.03
Peak View2 Bedroom2BR,1BA$1.35
The Park at Whispering Pines1X1 Fully Remodel1BR,1BA$1.31
Copper Stone1 Bedroom1BR,1BA$1.34
Lincoln SpringsA11BR,1BA$1.37
902 Teal Ct2 Beds, 1 Baths2BR,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.

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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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Quick 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.

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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 $850.

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

The cheapest apartment in South Colorado Springs is Peak View which is listed at $818, while the average apartment in South Colorado Springs costs $2,735.

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 91 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 $255 which is $2,480 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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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.

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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.

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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.