Cheap Homes for Rent in El Paso County, CO from $500 (106 Rentals)

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Search the lowest-cost Homes available for rent right now in El Paso County.

property at 2619 Weir Ave

$500

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$500

Total Monthly Price
$500

1 Bedroom, 1 Bath Home for Rent

Available May 4

2619 Weir Ave

Colorado SpringsCO80910
property at 427-431 E Bijou St

$575 - $850

Total Monthly Price

Total Monthly Price

Base Rent
$575

Total Monthly Price
$575

1 Bedroom Rentals

Available Now

427-431 E Bijou St

Colorado SpringsCO80903
property at 1805 Dewhirst Dr

$596 - $597

Total Monthly Price6 Month Lease Term

Total Monthly Price

Base Rent
$596 - $597

Total Monthly Price
$596 - $597

1 Bedroom, 1 Bath Home for Rent

Available Now

1805 Dewhirst Dr

Colorado SpringsCO80951
property at 4260 McPherson Ave

$597 - $690

Total Monthly Price6 Month Lease Term

Total Monthly Price

Base Rent
$597 - $690

Total Monthly Price
$597 - $690

1 Bedroom, 1 Bath Home for Rent

Available Now

4260 McPherson Ave

Colorado SpringsCO80909
property at 2060 Dewhirst 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

2060 Dewhirst Dr, Unit 3, Unit 3

2060 Dewhirst Dr
Colorado SpringsCO80951
property at 3620 Richmond Dr

$600 - $655

Total Monthly Price6 Month Lease Term

Total Monthly Price

Base Rent
$600 - $655

Total Monthly Price
$600 - $655

1 Bedroom, 1 Bath Home for Rent

Available Now

3620 Richmond Dr

Colorado SpringsCO80922
property at 3214 Teardrop Cir

$650

Total Monthly Price

Total Monthly Price

Base Rent
$650

Total Monthly Price
$650

1 Bedroom, 1 Bath Rentals

Available May 31

3214 Teardrop Cir

Colorado SpringsCO80917

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.

property at 1630 Shasta Dr

$675 - $900

Total Monthly Price6 Month Lease Term

Total Monthly Price

Base Rent
$675 - $900

Total Monthly Price
$675 - $900

1 Bedroom, 1 Bath Home for Rent

Available May 31

1630 Shasta Dr

Colorado SpringsCO80910
property at 6930 Cotton Dr

$675

Total Monthly Price

Total Monthly Price

Base Rent
$675

Total Monthly Price
$675

1 Bedroom, 1 Bath Condo for Rent

Available Now

6930 Cotton Dr

Colorado SpringsCO80923
property at 815 N Nevada Ave

$750

Total Monthly Price

Total Monthly Price

Base Rent
$750

Total Monthly Price
$750

1 Bedroom, 2.5 Bath Condo for Rent

Available Now

815 N Nevada Ave

Colorado SpringsCO80903
property at 4039 Cooke Dr

$750

Total Monthly Price1 Month Lease Term

Total Monthly Price

Base Rent
$750

Total Monthly Price
$750

1 Bedroom, 1 Bath Home for Rent

Available May 27

4039 Cooke Dr

Colorado SpringsCO80911
property at 2436 E Monument St

$799

Total Monthly Price

Total Monthly Price

Base Rent
$799

Total Monthly Price
$799

1 Bedroom, 1 Bath Condo for Rent

Available Now

2436 E Monument St

Colorado SpringsCO80909

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.

property at 2405 E St Vrain St

$800

Total Monthly Price

Total Monthly Price

Base Rent
$800

Total Monthly Price
$800

1 Bedroom, 1 Bath Condo for Rent

Available Now

2405 E St Vrain St

Colorado SpringsCO80909
property at 1801 Eagle View Dr

$835

Total Monthly Price

Total Monthly Price

Base Rent
$835

Total Monthly Price
$835

2 Bedroom, 1 Bath Condo for Rent

Available Now

1801 Eagle View Dr

Colorado SpringsCO80909
property at 5331 Wagon Hammer Dr

$860 - $1,250

Total Monthly Price6 Month Lease Term

Total Monthly Price

Base Rent
$860 - $1,250

Total Monthly Price
$860 - $1,250

1 Bedroom, 1 Bath Home for Rent

Available Now

5331 Wagon Hammer Dr

Colorado SpringsCO80925

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.

property at 1606 McKay Way

$900

Total Monthly Price6 Month Lease Term

Total Monthly Price

Base Rent
$900

Total Monthly Price
$900

1 Bedroom, 1 Bath Home for Rent

Available Now

1606 McKay Way

Colorado SpringsCO80915
property at 1997 Traces Ln

$910

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$910

Total Monthly Price
$910

1 Bedroom, 1 Bath Home for Rent

Available May 31

1997 Traces Ln, Unit 1, Unit 1

1997 Traces Ln
Colorado SpringsCO80951
property at 625 Yuma St

$914 - $1,200

Total Monthly Price

Total Monthly Price

Base Rent
$914

Total Monthly Price
$914

2 Bedroom Rentals

Available Now

625 Yuma St

Colorado SpringsCO80909
property at 2225 Bucolo Ave

$935

Total Monthly Price6 Month Lease Term

Total Monthly Price

Base Rent
$935

Total Monthly Price
$935

1 Bedroom, 1 Bath Home for Rent

Available Jul 31

2225 Bucolo Ave, Unit 2, Unit 2

2225 Bucolo Ave
Colorado SpringsCO80951
property at 1522 Rainier Dr

$950

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$950

Total Monthly Price
$950

2 Bedroom, 1 Bath Home for Rent

Available Now

1522 Rainier Dr, Unit BASEMENT, Unit BASEMENT

1522 Rainier Dr
Colorado SpringsCO80910

The Art of the Rental Viewing: What to look for during a property tour

Touring a rental? This guide helps you know exactly what to look for, from safety features to hidden flaws, so you can confidently sign your lease or keep searching.

property at 2404 St Paul Dr

$960

Total Monthly Price

Total Monthly Price

Base Rent
$960

Total Monthly Price
$960

Studio, 1 Bath Condo for Rent

Available Now

2404 St Paul Dr

Colorado SpringsCO80910
property at 900 Saturn Dr

$995 - $1,125

Total Monthly Price

Total Monthly Price

Base Rent
$995

Total Monthly Price
$995

1 Bedroom Rentals

Available Now

900 Saturn Dr

Colorado SpringsCO80905
property at 1050 Mazatlan Cir

$1,025

Total Monthly Price12 Month Lease Term

Total Monthly Price

Base Rent
$1,025

Total Monthly Price
$1,025

Studio, 1 Bath Home for Rent

Available Now

1050 Mazatlan Cir

Colorado SpringsCO80910

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

Cheapest Available El Paso County Apartments for Rent

 

The cheapest available apartment rental in El Paso County, CO is a 1 Bed unit found at Cottages at Aero Park in the Deerfield Hills neighborhood priced from $35. Bentley Commons in the Deerfield Hills neighborhood has the second lowest priced unit, which is a 2 Beds apartment currently listed from $588. Here is today’s list of the most affordable El Paso County apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Cottages at Aero Park1x1 - 624 sqft - A41BR,1BA$35
Bentley CommonsOne Bedroom2BR,1BA$588
11 West | Student HousingThree Bedroom3BR,3BA$599
Pinewood Apartments520 - 1 Bedroom 1 Bath1BR,1BA$695
Southgate Commons1 Bedroom - No Balcony1BR,1BA$729
Airlan ArmsStudioStudio,1BA$743
The MontelenaStudioStudio,1BA$749
Kalo Four SeasonsKaloSolo1BR,1BA$749
Summit Creek ApartmentsStudio ApartmentStudio,1BA$750
Park at Penrose Apartments1X1 (80 AMI)1BR,1BA$771

Best Value Apartments for Rent in El Paso County, CO

As of May 03, 2026 the best value apartment in the El Paso County area is the $1.02 price per square foot 2 Bedroom 1 Bath Model at Aspen Townhomes in the in the Eastborough neighborhood starting from $1,399. The second greatest value El Paso County apartment is the Two Bedroom Model at 11 West | Student Housing starting at $769 with a $0.75 price per square foot in the Venetian Village neighborhood. Here is today’s list of the best values for El Paso County apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Aspen Townhomes2 Bedroom 1 Bath2BR,1BA$1.02
11 West | Student HousingTwo Bedroom2BR,2BA$0.75
Shadow Wood ChaletB12BR,1BA$1.00
Regal Estates1 Bed 1 Bath1BR,1BA$0.96
The Park at Whispering Pines2/1.52BR,1.5BA$1.13
Union Blvd Apartments2 Beds, 1 Baths2BR,1BA$1.03
Rosewood Apartments2 Beds, 1 Baths2BR,1BA$0.94
Riverbend Apartments2x1 LVT2BR,1BA$0.99
Hyde Park NorthSt. James2BR,1BA$1.06
Cottages at Aero Park1x1 - 624 sqft - A41BR,1BA$0.06

Frequently Asked Questions about El Paso County

What type of rentals are currently available in El Paso County?

There are currently 1875 Apartments for Rent in El Paso County, CO with pricing that ranges from $499 to $8,485. There are also 685 Single Family Homes for rent, Condos, and Townhome rentals currently available in El Paso County ranging from $500 to $6,650.

What is the current price range for Rental Homes in El Paso County?

Today's rental pricing for Homes for Rent, Condos and Townhomes in El Paso County ranges from $500 to $6,650 with an average monthly rent of $2,716.

How much are larger Three and Four Bedroom Rentals in El Paso County?

For those who are looking for larger living arrangements, Three Bedroom Apartments in El Paso County range from $525 to $8,485, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,313 to $3,300. Four Bedroom Single-Family rentals are also available starting from $1,750 and Four Bedroom Apartments start at $499.

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

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A Seasoned Property Manager's Step-by-Step Guide to Getting Your Deposit Back

Written by: Lauren Harrington

I’m going to talk with you as a seasoned property manager and friend. So, let’s start with your security deposit. I want you to think about this guide as insider information. You deserve your deposit back.

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Expert Solutions for Creating the Perfect Work-From-Home Apartment Layouts

Written by: Lauren Harrington

This article is based on first-hand experience managing apartment communities and helping renters adapt to their spaces after moving in.

decorative image for What Does “Rent Burdened” Mean? How Much Rent Is Too Much article

What Does “Rent Burdened” Mean? How Much Rent Is Too Much

Written by: Lauren Harrington

This article draws from first-hand renter experiences and recurring financial challenges reported after moving in.

decorative image for Maximizing Your Refund: Essential Tax Tips for Renters article

Maximizing Your Refund: Essential Tax Tips for Renters

Written by: Christine Leonard, Esq.

Other than tax professionals, I can’t think of anyone who looks forward to tax season. For everybody else, April is a stressful month to collect information and meet deadlines.