
Cheap Apartments for Rent in the Village Seven Neighborhood of Colorado Springs, CO from $700 (13 Rentals)
Search the lowest-cost Apartments available for rent right now in the Village Seven area of Colorado Springs.


Park at Penrose Apartments

Beverly Place

Greentree Village

Park at Palmer Apartments

Kingsborough 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.

Montebello Gardens

The Haven at Academy
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.
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 1 Bedroom Apartments | $1,443 | $843 | $4,611 |
| Village Seven 2 Bedroom Apartments | $1,416 | $899 | $2,248 |
| Village Seven 3 Bedroom Apartments | $1,997 | $1,600 | $2,202 |
| Village Seven 4 Bedroom Apartments | $1,995 | $1,995 | $1,995 |
Browse Apartments in this Neighborhood
There are currently 13 rentals with your search options within a 2 mile radius of the Village Seven Neighborhood of Colorado Springs, CO.
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Village Seven, Colorado Springs, CO Local Guide
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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 $767. Austin Park has the second lowest priced unit, which is a 1 Bed apartment currently listed from $875. 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 | 1BR,1BA | $767 |
| Austin Park | Cheyenne | 1BR,1BA | $875 |
| Newport Square Apartments | 1BR/1BA - A2 | 1BR,1BA | $899 |
| Greentree Village | 2x1A | 2BR,1BA | $899 |
| Kalo Village Seven | KaloSolo | 1BR,1BA | $900 |
Best Value Apartments for Rent in Village Seven, CO
As of January 05, 2026 the best value apartment in the Village Seven area is the $1.77 price per square foot Castello Model at Crowne at Rio Vista in the in the Stetson Run neighborhood starting from $2,024. The second greatest value Village Seven apartment is the 2 Bed Market Model at Fir Tree starting at $1,100 with a $1.22 price per square foot in the Stetson Run 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. |
|---|---|---|---|
| Crowne at Rio Vista | Castello | 2BR,2BA | $1.77 |
| Fir Tree | 2 Bed Market | 2BR,1.5BA | $1.22 |
| Greentree Village | 2x1B | 2BR,1BA | $1.11 |
| Park at Penrose Apartments | 3x1 | 3BR,1BA | $2.00 |
| Montebello Gardens | 11B | 1BR,1BA | $1.56 |
| Kingsborough Apartments | 1X1 | 1BR,1BA | $1.63 |
| The Haven at Academy | The Retreat | 1BR,1BA | $1.83 |
| Park at Palmer Apartments | 1x1 | 1BR,1BA | $1.67 |
| Newport Square Apartments | 1BR/1BA - A2 Renovated | 1BR,1BA | $1.84 |
| Austin Park | Cheyenne | 1BR,1BA | $1.88 |
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 ArticleThe Ultimate Long-Distance Moving Checklist: Tips from a Real Estate Pro
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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 $764, while the average apartment in Village Seven costs $2,088.
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 15 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 to Make Your Apartment Holiday-Ready: Renter-Friendly Tips
Written by: Justin Habersaat
Getting your apartment ready for the holidays can be exciting but sometimes challenging in a smaller space. Here are some modern tips to keep things festive, safe, and inviting this season.

Renting with Roommates: Realistic Expectations for Shared Lease
Written by: Christine Leonard, Esq.
Given the high costs for housing, I have found that many people are looking for a roommate to share expenses. These arrangements can increase opportunities for more desirable and larger spaces.

Apartment Common Area Rules: What Renters Need to Know
Written by: Christine Leonard, Esq.
Back in the day when I rented one of my first apartments, the property didn’t even have laundry in the building. Now, rental properties are often competing against each other to provide the best amenities.




