
Cheap Apartments for Rent in the South Colorado Springs Neighborhood of Colorado Springs, CO from $500 (139 Rentals)
Search the lowest-cost Apartments available for rent right now in the South Colorado Springs area of Colorado Springs.


1630 Shasta Dr

The Montelena

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Lincoln Springs

1501 Coolcrest Dr

Peak 1465

Marmont Springs Apartments

Total Monthly Price
Arbor Pointe Apartments

The Lofts at Rock Vue

Sedona Ridge Apartments
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.

Total Monthly Price
Fountain Oaks Apartments

Regal Estates

Sienna Place

1501 Coolcrest Dr

Alta Apartments

325 May Dr

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Oakridge on the Green

Rosewood Apartments

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Gardens at Hidden Creek Apartments

Peak View
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.

942 E Las Animas St, Unit Cabin

214 S Wahsatch Ave

Ascent Apartments

Panorama Heights

1523 S Fountain St

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Fairway Valley Apartments

401 Crestridge Ave

Aero Place Apartments

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The Residence at Skyway

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Westview Apartments
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.

Union Blvd Apartments

Mountain Ridge

Tamarac

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The Park at Whispering Pines

1522 Rainier Dr, Unit BASEMENT, Unit BASEMENT

20 N Corona St

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Lookout at Broadmoor

956 W Moreno Ave

Prospect Park

The Carlson Apartments
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.

837 Oxford Ln, Unit 101

The Village at Homewood Point

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Peak 1535 on South 8th Street

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4311 Ericson Dr, Unit 3, Unit 3

2127 Preuss Rd

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4339 Ericson Dr, Unit #2, Unit #2

Fairway View

2107 Preuss Rd, Unit D

Total Monthly Price
Cottages at South Murray

WHITNEY YOUNG MANOR
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

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 | $1,337 | $749 | $2,800 |
| South Colorado Springs 1 Bedroom Apartments | $1,497 | $785 | $3,798 |
| South Colorado Springs 2 Bedroom Apartments | $1,910 | $588 | $4,268 |
| South Colorado Springs 3 Bedroom Apartments | $2,179 | $1,245 | $4,345 |
Browse Apartments in this Neighborhood
There are currently 139 rentals with your search options within a 2 mile radius of the South Colorado Springs Neighborhood of Colorado Springs, CO.
See all Apartments in Colorado SpringsExplore Colorado Springs
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. 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Bentley Commons | One Bedroom | 2BR,1BA | $588 |
| The Montelena | Studio | Studio,1BA | $749 |
| Lincoln Springs | A1 | 1BR,1BA | $750 |
| Peak 1465 | 0/1 | Studio,1BA | $760 |
| Southgate Commons | 1 Bedroom - No Balcony | 1BR,1BA | $769 |
| Riverbend Apartments | 1x1 LVT | 1BR,1BA | $782 |
| Marmont Springs Apartments | Garden | 1BR,1BA | $785 |
| Arbor Pointe Apartments | One Bedroom | 1BR,1BA | $799 |
| Sedona Ridge Apartments | 0BD, 1BTH A | Studio,1BA | $804 |
| Alta Apartments | The Peak | Studio,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Regal Estates | 1 Bed 1 Bath | 1BR,1BA | $0.96 |
| Panorama Heights | 2 Bedroom A | 2BR,2BA | $1.18 |
| Rosewood Apartments | 2 Beds, 1 Baths | 2BR,1BA | $0.94 |
| Union Blvd Apartments | 2 Beds, 1 Baths | 2BR,1BA | $1.03 |
| Lincoln Springs | B2 | 2BR,2BA | $1.24 |
| 4205 Loomis Ave | 4205 Loomis Ave | 2BR,1BA | $1.37 |
| Park Place | Two Bedroom | 2BR,1BA | $1.28 |
| Westview Apartments | 1 Bedroom | 1BR,1BA | $1.37 |
| Peak View | 1 Bedroom | 1BR,1BA | $1.31 |
| Marmont Springs Apartments | Garden | 1BR,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.
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.
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 $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

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.

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.

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.

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.