
Cheap Apartments for Rent in the Village Seven Neighborhood of Colorado Springs, CO from $700 (25 Rentals)
Search the lowest-cost Apartments available for rent right now in the Village Seven area of Colorado Springs.


Total Monthly Price
Park at Penrose Apartments

Total Monthly Price
Park at Palmer Apartments

Total Monthly Price
Fir Tree

2051 N Academy Blvd, Unit Room 2

The Haven at Academy
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
Newport Square

Beverly Place

Greentree Village

Total Monthly Price
Kingsborough Apartments

Total Monthly Price
Montebello Gardens

Total Monthly Price
4715 Scenic Cir, Unit #4- 4715 Scenic Circle
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.

4715 Scenic Cir, Unit 4

4615 Picturesque Ct

Total Monthly Price
Crowne at Rio Vista

Total Monthly Price
Cortland Powers North

Kalo Village Seven

Austin Park
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.

Park Ridge Apartments

Heatherwood Club

4610 Picturesque Court

4385 Oro Blanco Dr

4319 N Carefree Cir

Cortland Powers North II
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.

4560 Excalibur Ct
Village Seven, Colorado Springs, CO Local Guide

How much does it cost to rent an apartment in Village Seven?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Village Seven Studio Apartments | $825 | $820 | $830 |
| Village Seven 1 Bedroom Apartments | $1,199 | $706 | $6,229 |
| Village Seven 2 Bedroom Apartments | $1,345 | $952 | $5,442 |
| Village Seven 3 Bedroom Apartments | $2,163 | $1,650 | $2,572 |
Browse Apartments in this Neighborhood
There are currently 25 rentals with your search options within a 2 mile radius of the Village Seven Neighborhood of Colorado Springs, CO.
See all Apartments in Colorado SpringsExplore Colorado Springs
Village Seven, Colorado Springs, CO Local Guide
- Nearby Colorado Springs neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
- School Districts
Cheapest Available Village Seven Apartments for Rent
 The cheapest available apartment rental in the Village Seven area of Colorado Springs, CO is a 1 Bed unit found at Park at Penrose Apartments priced from $706. Park at Palmer Apartments has the second lowest priced unit, which is a 1 Bed apartment currently listed from $782. Here are the most affordable Village Seven apartments for rent in Colorado Springs, CO:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Park at Penrose Apartments | 1X1 (50 AMI) | 1BR,1BA | $706 |
| Park at Palmer Apartments | 1x1 | 1BR,1BA | $782 |
| Fir Tree | A2 | 1BR,1BA | $799 |
| The Haven at Academy | Studio | Studio,1BA | $820 |
| Newport Square | A1 | 1BR,1BA | $849 |
Best Value Apartments for Rent in Village Seven, CO
As of June 17, 2026 the best value apartment in the Village Seven area is the $1.82 price per square foot 30010c2 Model at Carefree Village Townhomes in the in the Stetson Run neighborhood starting from $2,053. The second greatest value Village Seven apartment is the 2x1B Model at Greentree Village starting at $999 with a $1.11 price per square foot in the Knob Hill neighborhood. Here is today’s list of the best values for Village Seven apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| Carefree Village Townhomes | 30010c2 | 3BR,2BA | $1.82 |
| Greentree Village | 2x1B | 2BR,1BA | $1.11 |
| The Haven at Academy | The Oasis | 2BR,2BA | $1.74 |
| 4715 Scenic Cir, Unit #4- 4715 Scenic Circle | 4715 Scenic Cir | 2BR,1BA | $1.60 |
| Fir Tree | B1 | 2BR,1BA | $1.53 |
| Montebello Gardens | 11B | 1BR,1BA | $1.64 |
| Kingsborough Apartments | 1X1 | 1BR,1BA | $1.71 |
| Park at Palmer Apartments | 1x1 | 1BR,1BA | $1.40 |
| Newport Square | A2 | 1BR,1BA | $1.66 |
| Park at Penrose Apartments | 1x1 | 1BR,1BA | $1.67 |
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 Village Seven, Colorado Springs, CO
Penrose Elementary School
School data provided by Great Schools
Lifestyle Ratings
ApartmentHomeLiving brings you our detailed rental search system called 'Lifestyle ratings', composed of rentals and neighborhoods across the USA, including Colorado Springs. Lifestyle Ratings show you the best fit for your needs and interests. This takes in many factors including our Star Ratings to compare for the best outdoor access, luxury amenities, pet-friendly features, multifamily communities for the kids, proximity to transit, and other valuable search options. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!
Frequently Asked Questions about Cheap Village Seven Apartments
What is the price of a cheap apartment in Village Seven?
The cheapest apartment in Village Seven is Park at Penrose Apartments which is listed at $706, while the average apartment in Village Seven costs $2,108.
What types of apartments are the cheapest in Village Seven?
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 23 regular apartments in Village Seven that we think qualify as ‘cheap apartments’ that do not have special requirements to apply to rent.
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.

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.

Pet-Friendly Renting: Everything You Need to Know Before You Move
Written by: Christine Leonard, Esq.
For so many of us, pets are the best companions and a big part of our lives. For this reason, a pet-friendly house or apartment is often a very important - and nonnegotiable - part of a move.

Creative Ways Developers Reimagine Retail Spaces as Residential Units
Written by: Robin Stewart
Adaptive reuse is when a commercial property is converted and repurposed. The real estate industry has embraced a growing number of these projects.