
Cheap Apartments for Rent in the South Colorado Springs Neighborhood of Colorado Springs, CO from $500 (138 Rentals)
Search the lowest-cost Apartments available for rent right now in the South Colorado Springs area of Colorado Springs.


1630 Shasta Dr

Panorama Heights

8160 Piute Rd

1501 Coolcrest Dr

The Village at Homewood Point

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Sedona Ridge Apartments

1501 Coolcrest Dr

The Lofts at Rock Vue

514 Warren Ave
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.

225 E Brookside St

Regal Estates

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Peak View

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Garrison Edge

Alta Apartments

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Lincoln Springs

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The Montelena

325 May Dr

Rosewood Apartments

Applewood Apartments
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

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Marmont Springs Apartments

214 S Wahsatch Ave

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Ascent Apartments

Aero Place Apartments

3175 E Fountain Blvd

Peak 1465

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Fairway Valley Apartments

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Sienna Place

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The Residence at Skyway
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.

2127 Preuss Rd

Union Blvd Apartments

Tamarac

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110 1/2 West Cheyenne Road

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The Carlson Apartments

Artspace Colorado Springs

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Mountain Ridge

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The Park at Whispering Pines

519 S El Paso St

Prospect Park
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.

The Lofts @ 1567

1918 Montezuma Dr

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Fountain Oaks

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Peak 1535 on South 8th Street

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4311 Ericson Dr, Unit 3

4321 Lashelle Ave

Fairway View

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Cottages at South Murray

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The Vue at Spring Creek

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Sumner House
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

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 | $1,341 | $799 | $2,800 |
| South Colorado Springs 1 Bedroom Apartments | $1,485 | $784 | $3,798 |
| South Colorado Springs 2 Bedroom Apartments | $1,878 | $588 | $4,290 |
| South Colorado Springs 3 Bedroom Apartments | $2,065 | $747 | $4,055 |
| South Colorado Springs 4 Bedroom Apartments | $2,735 | $2,625 | $2,845 |
Browse Apartments in this Neighborhood
There are currently 138 rentals with your search options within a 2 mile radius of the South Colorado Springs Neighborhood of Colorado Springs, CO.
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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. 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 Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Bentley Commons | One Bedroom | 2BR,1BA | $588 |
| 902 Teal Ct | 2 Beds, 1 Baths | 2BR,1BA | $714 |
| Panorama Heights | 3 Bedroom A | 3BR,2BA | $747 |
| Peak View | 1 Bedroom | 1BR,1BA | $818 |
| Garrison Edge | S1 | Studio,1BA | $824 |
| Alta Apartments | The Peak | Studio,1BA | $825 |
| The Montelena | Studio | Studio,1BA | $849 |
| Rosewood Apartments | 2 Beds, 1 Baths | 2BR,1BA | $849 |
| Lincoln Springs | A1 | 1BR,1BA | $849 |
| Gardens at Hidden Creek Apartments | 1/1.00 | 1BR,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 Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Spring Creek | Three Bedroom / Two Bathrooms | 3BR,2BA | $1.31 |
| The Townhouse Apartment Homes | *** $700 OFF MOVE IN TOTAL ***2 Bedroom 1.5 Bat... | 2BR,1.5BA | $1.20 |
| Regal Estates | 1 Bed 1 Bath | 1BR,1BA | $0.86 |
| Rosewood Apartments | 2 Beds, 1 Baths | 2BR,1BA | $0.94 |
| Union Blvd Apartments | 2 Beds, 1 Baths | 2BR,1BA | $1.03 |
| Peak View | 2 Bedroom | 2BR,1BA | $1.35 |
| The Park at Whispering Pines | 1X1 Fully Remodel | 1BR,1BA | $1.31 |
| Copper Stone | 1 Bedroom | 1BR,1BA | $1.34 |
| Lincoln Springs | A1 | 1BR,1BA | $1.37 |
| 902 Teal Ct | 2 Beds, 1 Baths | 2BR,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.
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 $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

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.

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.

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.

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.