
Cheap Apartments for Rent in Elizabeth, CO from $1,200 (36 Rentals)
Search the lowest-cost Apartments available for rent right now in Elizabeth.


The View at Castle Rock

Vistas at Plum Creek

Parker Flats at Old Town

Echo Ridge Apartments

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Stone Canyon Apartments

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Talus Flats

Reserve at Castle Highland

Parker Hilltop
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.

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Bell Stonegate

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South Range Crossings

Auburn Ridge

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Pine and Parker

Trailside Apartments

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Briargate on Main

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Ranchstone Apartment Homes

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The Prospector Apartments

Riverwalk
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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The Links at Plum Creek

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Enclave at Cherry Creek

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Waterford on Mainstreet

The Depot at Twenty Mile

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Alana

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Peak 83

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Watermark on Twenty Mile

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Springs At Eagle Bend

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Ara Townhomes & Flats
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.

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Madison at Canyons, The

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Venue at the Promenade

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Juniper on Main

12886 Ironstone Way

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Avalon Castle Rock

615 Co Rd 45

12886 Ironstone Way

12820 Ironstone Way

Black Feather Apartment Homes
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.
Elizabeth, CO Local Guide

How much does it cost to rent an apartment in Elizabeth?
| Bedroom | Average Rent | Cheapest Rent | Highest Rent |
|---|---|---|---|
| Elizabeth Studio Apartments | $1,717 | $1,383 | $1,947 |
| Elizabeth 1 Bedroom Apartments | $1,780 | $1,206 | $3,587 |
| Elizabeth 2 Bedroom Apartments | $2,237 | $1,522 | $3,477 |
| Elizabeth 3 Bedroom Apartments | $2,968 | $2,045 | $5,471 |
| Elizabeth 4 Bedroom Apartments | $5,945 | $3,400 | $6,885 |
Browse Top Apartments in Elizabeth
See all Apartments in ElizabethExplore Elizabeth
Elizabeth, CO Local Guide
- Elizabeth Neighborhoods
- Nearby Cities
- ZIP codes
- Local Counties
Cheapest Available Elizabeth Apartments for Rent and Nearby
 The cheapest available apartment rental in Elizabeth, CO is a 1 Bed unit found at Pines at Castle Rock priced from $1,306. The View at Castle Rock in the Crystal Crossing neighborhood has the second lowest priced unit, which is a Studio apartment currently listed from $1,383. Here is today’s list of the most affordable Elizabeth apartments for rent:
| Apartment Listing | Model Name | Bed/Bath | Priced From |
|---|---|---|---|
| Pines at Castle Rock | 1 Bedroom 1 Bathroom (ii) | 1BR,1BA | $1,306 |
| The View at Castle Rock | Executive Suite | Studio,1BA | $1,383 |
| Vistas at Plum Creek | Windsor - 2 | 1BR,1BA | $1,395 |
| Echo Ridge Apartments | A1 | 1BR,1BA | $1,444 |
| Stone Canyon Apartments | Splendor | 1BR,1BA | $1,450 |
| Parker Flats at Old Town | The Gallerie | 1BR,1BA | $1,464 |
| z-042126-The Bluffs at Castle Rock Apartments | Lookout Renovated | 1BR,1BA | $1,480 |
| Talus Flats | The Peak | 1BR,1BA | $1,482 |
| Reserve at Castle Highland | One Bedroom | 1BR,1BA | $1,494 |
| Parker Hilltop | Hillside | 1BR,1BA | $1,498 |
Best Value Apartments for Rent in Elizabeth, CO and Nearby
As of April 23, 2026 the best value apartment in the Elizabeth area is the $1.98 price per square foot 3 Bed 2.5 Bath O Model at The Townhomes at Pine Drive in the in the Newlin Meadows neighborhood starting from $2,945. The second greatest value Elizabeth apartment is the Prairie Model at Red Hawk Crossings starting at $2,470 with a $1.66 price per square foot in the Crystal Crossing neighborhood. Here is today’s list of the best values for Elizabeth apartments based on price per square foot:
| Apartment Listing | Model Name | Bed/Bath | Price Per Sq.Ft. |
|---|---|---|---|
| The Townhomes at Pine Drive | 3 Bed 2.5 Bath O | 3BR,2.5BA | $1.98 |
| Red Hawk Crossings | Prairie | 3BR,2.5BA | $1.66 |
| Black Feather Apartment Homes | 2 | 2BR,2BA | $1.93 |
| Parker Hilltop | Hillside | 1BR,1BA | $1.87 |
| Pine and Parker | Design 1B | 1BR,1BA | $2.01 |
| Reserve at Castle Highland | One Bedroom | 1BR,1BA | $2.01 |
| z-042126-The Bluffs at Castle Rock Apartments | Lookout Renovated | 1BR,1BA | $2.01 |
| Pines at Castle Rock | 1 Bedroom 1 Bathroom (ii) | 1BR,1BA | $1.77 |
| Echo Ridge Apartments | A1 | 1BR,1BA | $2.02 |
| Stone Canyon Apartments | Splendor | 1BR,1BA | $2.05 |
10 Hidden Costs of Renting You Should Budget for Before Signing a Lease
Avoid financial stress when renting. Learn about the 10 most common hidden costs—from pet fees to utilities—you must budget for before you sign a lease.
Read ArticleDon'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.
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Read ArticleCash 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.
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.
Pet Friendly LifestyleElizabeth, CO
Ranked #88
Among cities in Colorado for Apartment listings with Pet Friendly Amenities.
Pet Friendliness Lifestyle Score
2.5Pet Friendly
Remember the 3 Rules of Real Estate:Location, Location, Location!
Explore Elizabeth, CO Rentals by Map
See the most popular apartments and homes in Elizabeth, CO
Frequently Asked Questions about Cheap Elizabeth Apartments
What is the Cheapest Studio apartment in Elizabeth?
Currently the most affordable Cheap Studio Apartment in Elizabeth is at The View at Castle Rock listed at $1,383.
How much is rent for a Cheap One Bedroom Elizabeth Apartment?
The lowest price for a Cheap One Bedroom Elizabeth Apartment is $1,306 at Pines at Castle Rock.
What is the lowest price for a Cheap Two Bedroom Elizabeth Apartment for rent?
Today's best deal for a Cheap Two Bedroom Apartment in Elizabeth is starting from $1,406 at Pines at Castle Rock.
What is the most affordable Elizabeth Three Bedroom Apartment?
The best deal on a cheap Elizabeth Three Bedroom Apartment rental is at South Range Crossings and starts from $2,045.
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

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.

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.

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.

18 Must-Ask Rental Tour Questions That Reveal the Truth about a Property
Written by: Lauren Harrington
Renting your next home can feel thrilling and overwhelming at the same time.