Cheap Apartments for Rent in Colorado Springs, CO from $500 (328 Rentals)

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Search the lowest-cost Apartments available for rent right now in Colorado Springs.

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Colorado Springs, CO Local Guide

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Written By:
Justin Habersaat
Editing Staff

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Colorado Springs Overview

There is a good reason US News, World Report, among others have rated Colorado Springs as one of the best places to live in the US. With an abundance of outdoor activities and booming city life, it is no wonder people want to call this place home. And the apartments in Colorado Springs reflect this great city’s beautiful scenery.

Why live in Colorado Springs, CO?

There are many reasons to want to live in Colorado Springs. First of all, the weather is beautiful and sunny for most of the year. If you enjoy getting outside, this is the place you want to be. You can live fairly close to major ski resorts without the high cost of living associated with them. And the skyline is beautiful with its view of the majestic Rockies. There are also some very practical reasons to love this city including low unemployment and lower than average commute time. In fact, US News recently ranked it as the #5 best place to live based on its quality of life and job market.

Colorado Springs, CO
Population: 472,688

Ranked #39

in US Census Population by City

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Pet Friendly Lifestyle
Colorado Springs, CO

Ranked #5

Among cities in Colorado for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

3.5
Pet Friendly

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Remember the 3 Rules of Real Estate:
Location, Location, Location!

Explore Colorado Springs, CO Rentals by Map

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See the most popular apartments and homes in Colorado Springs, CO

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Getting Around Colorado Springs, CO

Walk Score®

51 / 100

Somewhat Walkable

Some errands can be accomplished on foot

Bike Score®

50 / 100

Bikeable

Some bike infrastructure

Transit Score®

26 / 100

Some Transit

A few nearby public transportation options

What Are Walk Score®, Transit Score®, and Bike Score® Ratings?

  • Walk Score® measures the walkability of any address.
  • Transit Score® measures access to public transit.
  • Bike Score® measures the bikeability of any address.

Frequently Asked Questions about Cheap Colorado Springs Apartments

What is the Cheapest Studio apartment in Colorado Springs?

Currently the most affordable Cheap Studio Apartment in Colorado Springs is at Traditions at Colorado Springs listed at $794.

How much is rent for a Cheap One Bedroom Colorado Springs Apartment?

The lowest price for a Cheap One Bedroom Colorado Springs Apartment is $700 at The Village at Homewood Point.

What is the lowest price for a Cheap Two Bedroom Colorado Springs Apartment for rent?

Today's best deal for a Cheap Two Bedroom Apartment in Colorado Springs is starting from $849 at Park at Penrose Apartments.

What is the most affordable Colorado Springs Three Bedroom Apartment?

The best deal on a cheap Colorado Springs Three Bedroom Apartment rental is at 11 West | Student Housing and starts from $769.

Expert Rental Resources

Helpful Apartment Articles, How-To's and Tips

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.

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What to Know About Fees and Fines When Renting

Written by: Trey Huguley

When it comes to renting a new apartment or home there can be a number of fees that you will want to keep in mind going into the process.

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Navigating the World of Low-Income Housing: A Comprehensive Guide

Written by: Kevin Ready

Are you having difficulty keeping up with bills or paying the rent? If so, you are not alone. Many families struggle to keep up with rents that have increased up to 40% in the past decade.

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Signing Your Apartment Lease: The Basics

Written by: Trey Huguley

When you're about to sign a lease for the first time, it can feel a bit overwhelming. You don’t want to miss any important details hidden in the fine print.

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Real Estate Term Glossary: Your Guide to The A to Zs of Renting

Written by: Kevin Ready

Navigating the world of real estate can reveal an abundance of terminology and phrasing around the topics of renting and buying that for some may seem like a brand-new language.