Cheap Apartments for Rent in Colorado Springs, CO from $500 (354 Rentals)

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Cheap Apartments in Colorado Springs.

Navigating the Rental Market: Tips for First-Time Renters

Entering the rental market? Learn these simple tips and strategies to avoid common pitfalls and make confident choices. Rent with peace of mind.

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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Read our practical guide to landlord and tenant rights. Understand protected classes, reasonable accommodations, and legal exceptions to prevent housing discrimination.

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Colorado Springs, CO Local Guide

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Written By:
Justin Habersaat
Editing Staff

Cheapest Neighborhoods for Apartments in Colorado Springs, CO

Pricing Updated: 05/03/2025

Current apartment rentals in the Colorado Springs, CO area range in price from $535 to $15,995 with an overall median price of $2,895. The three Colorado Springs neighborhoods with the lowest median rent pricing are Spring Creek at $1,200, Eastborough at $1,010, and Discovery at $1,700. Here is today’s list of the top 10 neighborhoods with the lowest median pricing for Colorado Springs Apartments for rent:

NeighborhoodMedian PriceMin PriceAvailable Units
Spring Creek$1,200$1,2001
Eastborough$1,572$1,0103
Discovery$1,795$1,7001
Southborough$1,995$8208
Gateway Park$2,065$9958
Holland Park$2,099$9253
Fountain Valley$2,100$1,0004
Colorado Springs Airport$2,125$2,1001
Mesa$2,150$9255
Peterson Air Force Base$2,175$1,2002

Cheapest Available Colorado Springs Apartments for Rent

 

The cheapest available apartment rental in Colorado Springs, CO is a 1 Bed unit found at Panorama Heights in the Deerfield Hills neighborhood priced from $633. The Village at Homewood Point in the Patty Jewett neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $700. Here is today’s list of the most affordable Colorado Springs apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Panorama Heights1 Bedroom A1BR,1BA$633
The Village at Homewood Point1x1 40%1BR,1BA$700
411 South Santa Fe Avenue1 X 11BR,1BA$700
Shooks Run1x1 40%1BR,1BA$700
11 West | Student HousingThree Bedroom3BR,3BA$749
Fairway Valley ApartmentsStudioStudio,1BA$775
Incline ApartmentsStudioStudio,1BA$775
Traditions at Colorado SpringsStudioStudio,1BA$794
Urban Edge ApartmentsStudioStudio,1BA$795
Westwind Apartments1Bed/1Bath1BR,1BA$799

Best Value Apartments for Rent in Colorado Springs, CO

As of May 03, 2025 the best value apartment in the Colorado Springs area is the $0.73 price per square foot 333 Calle Mesa Model at 333 Calle Mesa, Unit Basement in the in the The Heights at Cross Creek neighborhood starting from $1,100. The second greatest value Colorado Springs apartment is the 2x2 Model at The Creek at Cottonwood Apartment Homes starting at $1,229 with a $1.10 price per square foot in the Stetson Run neighborhood. Here is today’s list of the best values for Colorado Springs apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
333 Calle Mesa, Unit Basement333 Calle Mesa2BR,1BA$0.73
The Creek at Cottonwood Apartment Homes2x22BR,2BA$1.10
Foothills West Apartments3 Beds, 1 Baths3BR,1BA$1.16
11 West | Student HousingTwo Bedroom2BR,2BA$0.88
Regal Estates1 Bed 1 Bath1BR,1BA$0.85
Rosewood Apartments2 Beds, 1 Baths2BR,1BA$0.94
Union Blvd Apartments2 Beds, 1 Baths2BR,1BA$1.03
Vista Ridge ApartmentsVR2D2BR,1BA$1.18
Shooks Run1x1 40%1BR,1BA$0.99
Homewood Point ApartmentsOne Bedroom1BR,1BA$1.01

Quick Rent Budget Calculator

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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 Fairway Valley Apartments listed at $775.

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

The lowest price for a Cheap One Bedroom Colorado Springs Apartment is $633 at Panorama Heights.

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 $844 at Bentley Commons.

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 $749.

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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Navigating the Rental Market: Tips for First-Time Renters

Written by: Sandy Baker

Making the decision to rent is exciting and terrifying at the same time. For many people, there are a lot of unknowns.

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Rise of Digital Nomads: Remote Work Tips for Apartment Renters

Written by: Brandie Parton

As a digital nomad, you no longer call a set address or office building your home for eight hours of the day or more.

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Know Your Rights - How Discrimination Laws Impact Landlords and Tenants

Written by: Christine Leonard, Esq.

Everyone needs a place to live and to call home. For decades, the federal government has established protections to ensure that individuals and families can find housing free from discriminatory barriers.

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Renting Smart: Lease Basics Every Renter Needs

Written by: Christine Leonard, Esq.

Often, in the excitement of finding a new place to live, there’s a rush to make it happen, and - too often - a new tenant signs a lease without reading it carefully.