Cheap Apartments for Rent in the South Colorado Springs Neighborhood of Colorado Springs, CO from $500 (133 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

Total Monthly Price6 Month Lease Term

Total Monthly Price

Base Rent
$597

Total Monthly Price
$597

1 Bedroom, 1 Bath Home for Rent

Available Now

1630 Shasta Dr, Unit 5

1630 Shasta Dr
Colorado SpringsCO80910
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Garrison Edge
$774 - $1,349
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$774 - $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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property at 225 E Brookside St

$795 - $1,015

Total Monthly Price

Total Monthly Price

Base Rent
$795

Total Monthly Price
$795

1 To 2 Bedroom Rentals

Available Now

225 E Brookside St

Colorado SpringsCO80905
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The Montelena
Rent Specials
$799 - $1,400
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$799 - $1,400

Total Monthly Price
$799 - $1,400
Studio to 2 Bedroom Apartments Available Now

The Montelena

2409 E Pikes Peak AveColorado Springs, CO 80909
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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

property at 837 Oxford Ln

$800

Total Monthly Price

Total Monthly Price

Base Rent
$800

Total Monthly Price
$800

1 Bedroom, 1 Bath Home for Rent

Available Now

837 Oxford Ln

Colorado SpringsCO80905
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Ascent Apartments
Rent Specials
$832 - $1,330
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$832 - $1,330

Total Monthly Price
Varies
1 to 2 Bedroom Apartments Available Now

Ascent Apartments

1030 S Chelton RdColorado Springs, CO 80910
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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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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
Rent Specials
$853 - $1,702
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$850 - $1,699
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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Lookout at Broadmoor
Rent Specials
$865 - $1,475
Total Monthly Price

Total Monthly Price

Base Rent
$865 - $1,475

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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Peak View
Rent Specials
$873 - $1,018
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$850 - $995
Required Monthly Fees
Varies

Total Monthly Price
Varies
Studio to 2 Bedroom Apartments Available Now

Peak View

1205 S Chelton RdColorado Springs, CO 80910
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property at 2127 Preuss Rd

$895

Total Monthly Price

Total Monthly Price

Base Rent
$895

Total Monthly Price
$895

2 Bedroom, 1 Bath Home for Rent

Available Now

2127 Preuss Rd

Colorado SpringsCO80910
property at 3175 E Fountain Blvd

$895 - $1,295

Total Monthly Price

Total Monthly Price

Base Rent
$895

Total Monthly Price
$895

1 To 2 Bedroom Rentals

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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property at 214 S Wahsatch Ave

$875 - $900

Total Monthly Price

Total Monthly Price

Base Rent
$900

Total Monthly Price
$900

Studio Rentals

Available Now

214 S Wahsatch Ave

Colorado SpringsCO80903
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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 Contact Us For Availability

The Residence at Skyway

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

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.

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The Carlson Apartments
Rent Specials
$943 - $1,380
Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$937 - $1,374
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 Aug 21

Mountain Ridge

2505 Verde DrColorado Springs, CO 80910
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property at 3665 Michigan Ave

$995

Total Monthly Price

Total Monthly Price

Base Rent
$995

Total Monthly Price
$995

2 Bedroom, 1 Bath Home for Rent

Available Aug 19

3665 Michigan Ave

Colorado SpringsCO80910

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.

property at 1765 Zebulon Dr

$999

Total Monthly Price

Total Monthly Price

Base Rent
$999

Total Monthly Price
$999

2 Bedroom, 1 Bath Home for Rent

Available Now

1765 Zebulon Dr

Colorado SpringsCO80910
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Fountain Oaks
$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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Copper Chase
Rent Specials
$1,049 - $1,625
Total Monthly Price

Total Monthly Price

Base Rent
$1,049 - $1,625

Total Monthly Price
Varies
1 to 3 Bedroom Apartments Available Now

Copper Chase

2041 Southgate RdColorado Springs, CO 80906
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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 Now

4321 Lashelle Ave

Colorado SpringsCO80906
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Cottages at South Murray
$1,065 - $2,571
Total Monthly Price

Total Monthly Price

Base Rent
$1,019 - $2,525
Required Monthly Fees
Varies

Total Monthly Price
Varies
Studio to 1 Bedroom Apartments Available Now

Cottages at South Murray

2023 Murray Creek PtColorado Springs, CO 80916
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Sumner House
Rent Specials
$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
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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

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 ListingModel NameBed/BathPriced From
Bentley CommonsOne Bedroom2BR,1BA$588
Panorama Heights2 Bedroom B2BR,2BA$646
Garrison EdgeS1Studio,1BA$774
Southgate Commons1 Bedroom - No Balcony1BR,1BA$775
The MontelenaStudioStudio,1BA$799
Alta ApartmentsThe PeakStudio,1BA$800
3619 Michigan Ave1 Beds, 1 Baths1BR,1BA$829
Ascent Apartments1 Bedroom1BR,1BA$832
Rosewood Apartments2 Beds, 1 Baths2BR,1BA$849
Lincoln Springs ApartmentsA11BR,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 ListingModel NameBed/BathPrice Per Sq.Ft.
Broadview RidgeB22BR,2.5BA$0.95
Ascent Apartments2 Bedrooms/2 Bath2BR,2BA$1.32
Regal Estates1 Bed 1 Bath1BR,1BA$0.86
Shooks Run2x2 50%2BR,2BA$1.21
Rosewood Apartments2 Beds, 1 Baths2BR,1BA$0.94
918-922 Teal Ct.2BR/1.0BA2BR,1BA$1.19
2127 Preuss Rd2 Beds, 1 Baths2BR,1BA$1.13
The Park at Whispering Pines1X1 Fully Remodel1BR,1BA$1.24
Homewood Point Apartments1BR/1.0BA1BR,1BA$1.14
The Lofts at Rock Vue1/11BR,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.

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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 $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

decorative image for Colorado Springs Student Renting: An Insider's Look at Top Colleges and Student Neighborhoods article

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.

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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.

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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.

decorative image for First Apartment Regrets: Real Renters Share What They'd Do Differently article

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.