
Cheap Apartments for Rent in the Southwest Colorado Springs Neighborhood of Colorado Springs, CO from $650 (58 Rentals)
Search the lowest-cost Apartments available for rent right now in the Southwest Colorado Springs area of Colorado Springs.


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Tamarac

225 E Brookside St

837 Oxford Ln, Unit 101

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Sienna Place

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Lookout at Broadmoor

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The Residence at Skyway

315 May Dr

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Applewood Apartments

837 Oxford Ln, Unit 101
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

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Peak 1535 on South 8th Street

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Copper Chase

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Luxe Tower

638 Gilcrest Rd

638 Gilcrest Rd, Unit 638 gilcrest roiad

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Cheyenne Crest

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Westmeadow Peaks

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Cheyenne Crossing

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Meadows At Cheyenne Mountain

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The Estates At Cheyenne Blvd
Rent According to Income: A Look at Income-Restricted Rentals
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814 Tenderfoot Hill Rd, Unit 102

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Regency Tower Senior 55 Plus Apartments

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Mountain View

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Cobblestone Ridge

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Bonterra Lakeside Apartments

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Quail Cove

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Retreat at Cheyenne Mountain

622 E Saint Elmo Ave

Meadows Pointe Apartments

SMI Sapphire Springs, LLC
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1411 S Corona Ave

Southgate Commons

Hillside Pointe Apartments

Ivywild Flats

Pebble Creek

Brookside Apartments

Ivy at Cheyenne Creek

1602 S Wahsatch Ave

Kalo Broadmoor Tower

Kalo Broadmoor Terrace
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Aspen Creek

May Drive Apartments

Park Place

Kalo Ivywild

Wildridge

25 Broadmoor

Sky at Bear Creek

Glenpond Apartments

Wolfe Apartments

Broadmoor Springs
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.
Southwest Colorado Springs, Colorado Springs, CO Local Guide

How much does it cost to rent an apartment in Southwest Colorado Springs?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Southwest Colorado Springs Studio Apartments | $1,104 | $774 | $1,527 |
| Southwest Colorado Springs 1 Bedroom Apartments | $1,325 | $784 | $1,846 |
| Southwest Colorado Springs 2 Bedroom Apartments | $1,559 | $928 | $2,169 |
| Southwest Colorado Springs 3 Bedroom Apartments | $1,802 | $1,199 | $2,914 |
Browse Apartments in this Neighborhood
There are currently 58 rentals with your search options within a 2 mile radius of the Southwest Colorado Springs Neighborhood of Colorado Springs, CO.
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Southwest Colorado Springs, Colorado Springs, CO Local Guide
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Cheapest Available Southwest Colorado Springs Apartments for Rent
 The cheapest available apartment rental in the Southwest Colorado Springs area of Colorado Springs, CO is a 1 Bed unit found at Sienna Place priced from $828. Kalo Broadmoor Tower has the second lowest priced unit, which is a 1 Bed apartment currently listed from $900. Here are the most affordable Southwest Colorado Springs apartments for rent in Colorado Springs, CO:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Sienna Place | 1X1 | 1BR,1BA | $828 |
| Kalo Broadmoor Tower | KaloSolo | 1BR,1BA | $900 |
| Kalo Broadmoor Terrace | KaloUnity | Studio,1BA | $918 |
| Tamarac | 2x1 40% | 2BR,1BA | $943 |
| Park Place | One Bedroom | 1BR,1BA | $949 |
| Kalo Ivywild | KaloUnity | Studio,1BA | $987 |
| Applewood Apartments | 1BR/1.0BA | 1BR,1BA | $989 |
| Copper Chase | Cuchara | 1BR,1BA | $1,124 |
| Cheyenne Crest | Ellen | Studio,1BA | $1,152 |
| Cheyenne Crossing | Wintergreen | 1BR,1BA | $1,229 |
Best Value Apartments for Rent in Southwest Colorado Springs, CO
As of September 14, 2026 the best value apartment in the Southwest 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 Southwest Colorado Springs apartment is the Penrose Model at Cheyenne Creek starting at $1,630 with a $1.55 price per square foot in the Stratton Meadows neighborhood. Here is today’s list of the best values for Southwest Colorado Springs apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Broadview Ridge | B2 | 2BR,2.5BA | $0.95 |
| Cheyenne Creek | Penrose | 2BR,2BA | $1.55 |
| The Estates At Cheyenne Blvd | The Estate | 2BR,1BA | $1.36 |
| Sky at Bear Creek | 2x2 - 915 sqft - Avanti Reno | 2BR,2BA | $1.43 |
| Westmeadow Peaks | Monarch | 2BR,1BA | $1.64 |
| Bonterra Lakeside Apartments | Mimosa | 1BR,1BA | $1.66 |
| Lookout at Broadmoor | Two Bedrooms One Bathroom (B3) | 2BR,1BA | $1.50 |
| Luxe Tower | 06 | 1BR,1BA | $1.71 |
| 25 Broadmoor | Penrose | 1BR,1BA | $1.60 |
| Kalo Broadmoor Tower | KaloSolo | 1BR,1BA | $1.45 |
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 ArticleNavigating the Rental Market: Tips for First-Time Renters
Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.
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 Southwest Colorado Springs, Colorado Springs, CO
Broadmoor Elementary School
Cheyenne Mountain High School
School data provided by Great Schools
Lifestyle Ratings
ApartmentHomeLiving brings you Lifestyle Ratings of rentals in cities across the United States, including Colorado Springs. LifeStyle Ratings are a useful tool for comparing and sorting apartments and neighborhoods when choosing your rental home. This takes in many factors including our Star Ratings to compare for convenient access to the outdoors, luxury amenities, pet-friendly features, apartment complexes for the kids, proximity to transit, and other valuable search options. Find Lifestyle Search in the filter options (above). Happy Searching!
Frequently Asked Questions about Cheap Southwest Colorado Springs Apartments
What is the price of a cheap apartment in Southwest Colorado Springs?
The cheapest apartment in Southwest Colorado Springs is Sienna Place which is listed at $828, while the average apartment in Southwest Colorado Springs costs $1,459.
What types of apartments are the cheapest in Southwest 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 9 regular apartments in Southwest 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 Southwest Colorado Springs?
Cheap apartments in Southwest Colorado Springs have an average cost of $225 which is $1,234 cheaper than the average rent for all rentals in Southwest 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

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.

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.

Exploring Rental Options: Apartments, Townhomes, and Lofts - Oh My!
Written by: Robin Stewart
Where do you see yourself? When you think of home, sweet home, are you in a 3/2 apartment? Dreaming of a tall townhome? Maybe an industrial loft heavy on cool vibes is on your visioning board.

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.