Cheap Apartments for Rent in the Downtown Colorado Springs Neighborhood of Colorado Springs, CO from $500 (55 Rentals)

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

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property at 107 E Motor Way

107 E Motor Way

Colorado SpringsCO80905
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The Bonfoy Apartments
Studio to 2 Bedroom Apartments

The Bonfoy Apartments

112 Bonfoy AveColorado Springs, CO 80909
  • Utilities Included
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1505 E Kiowa St
Studio Apartments

1505 E Kiowa St

1505-1511 E Kiowa StColorado Springs, CO 80909
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Shooks Run
1 Bedroom Apartments

Shooks Run

842 S Royer StColorado Springs, CO 80903
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618 N Weber St
Studio to 1 Bedroom Apartments

618 N Weber St

618 N Weber StColorado Springs, CO 80903
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Ivywild Flats
1 to 2 Bedroom Apartments

Ivywild Flats

316 E BrooksideColorado Springs, CO 80905
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1602 S Wahsatch Ave
1 Bedroom Apartments

1602 S Wahsatch Ave

1602 S Wahsatch AveColorado Springs, CO 80905
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616 N Weber St
1 Bedroom Apartments

616 N Weber St

616 N Weber StColorado Springs, CO 80903
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Aspen Creek
1 Bedroom Apartments

Aspen Creek

319-321 E Brookside StColorado Springs, CO 80905
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The Woods Apartments
1 Bedroom Apartments

The Woods Apartments

215-233 E Arvada StColorado Springs, CO 80905
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608 N Nevada Ave
1 Bedroom Apartments

608 N Nevada Ave

608 N Nevada AveColorado Springs, CO 80903
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Boulder Crescent
Studio to 3 Bedroom Apartments

Boulder Crescent

30 Boulder Crescent StColorado Springs, CO 80903
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Cascade Park
1 to 2 Bedroom Apartments

Cascade Park

624 N Cascade AveColorado Springs, CO 80903
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Bonfoy Apartments
1 Bedroom Apartments

Bonfoy Apartments

110 Bonfoy AveColorado Springs, CO 80909
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Parkmoor Apartments
2 Bedroom Apartments

Parkmoor Apartments

1117-1125 E Saint Vrain StColorado Springs, CO 80903
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Brookside Apartments
1 Bedroom Apartments

Brookside Apartments

418-432 E Brookside StColorado Springs, CO 80905
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Showing Results 1-50, Page 1 of 2

Downtown Colorado Springs, Colorado Springs, CO Local Guide

Cheapest Available Downtown Colorado Springs Apartments for Rent

 

The cheapest available apartment rental in the Downtown Colorado Springs area of Colorado Springs, CO is a 1 Bed unit found at The Village at Homewood Point priced from $700. Shooks Run has the second lowest priced unit, which is a 1 Bed apartment currently listed from $700. Here are the most affordable Downtown Colorado Springs apartments for rent in Colorado Springs, CO:

Apartment ListingModel NameBed/BathPriced From
The Village at Homewood Point1x1 40%1BR,1BA$700
Shooks Run1x1 40%1BR,1BA$700
Rosewood Apartments2 Beds, 1 Baths2BR,1BA$849
Applewood ApartmentsStudioStudio,1BA$880
Union Blvd Apartments2 Beds, 1 Baths2BR,1BA$929
Park BonfoyS1Studio,1BA$995
Sienna Place2X12BR,1BA$1,025
Cascade Park1 Bed 1 Bath1BR,1BA$1,045
Wyndam Place Senior Colorado SpringsWCS2 2x1 50%2BR,1BA$1,055
Sumner HouseCStudio,1BA$1,090

Best Value Apartments for Rent in Downtown Colorado Springs, CO

As of April 23, 2025 the best value apartment in the Downtown Colorado Springs area is the $0.92 price per square foot 1 Bed 1 Bath Model at Cascade Park in the in the Downtown neighborhood starting from $1,045. The second greatest value Downtown Colorado Springs apartment is the 2 Bedrooms, 2 Baths Model at Chateau Apartments starting at $1,627 with a $1.51 price per square foot in the Memorial Park neighborhood. Here is today’s list of the best values for Downtown Colorado Springs apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Cascade Park1 Bed 1 Bath1BR,1BA$0.92
Chateau Apartments2 Bedrooms, 2 Baths2BR,2BA$1.51
Rosewood Apartments2 Beds, 1 Baths2BR,1BA$0.94
Union Blvd Apartments2 Beds, 1 Baths2BR,1BA$1.03
Prospect Park2x12BR,1BA$1.41
Wyndam Place Senior Colorado SpringsWCS2 2x1 50%2BR,1BA$1.32
The Village at Homewood Point2x1 50%2BR,1BA$1.43
Sienna Place2x1R2BR,1BA$1.48
Shooks Run1x1 40%1BR,1BA$0.99
Homewood Point ApartmentsOne Bedroom1BR,1BA$1.01

Quick Rent Budget Calculator

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Pet Friendly Lifestyle
Downtown Colorado Springs, Colorado Springs, CO

Ranked #22

Among neighborhoods in Colorado Springs, CO for Apartment listings with Pet Friendly Amenities

Pet Friendliness Lifestyle Score

4.0
Pet Friendly

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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 filtering automatically for proximity to parks, luxury housing options, kid and pet-friendly communities, availability of transit options, and more. Use Lifestyle Search in the site filter options on this page - and find your Perfect place!

Getting Around the Downtown Colorado Springs Neighborhood in Colorado Springs, CO

Walk Score®

75 / 100

Very Walkable

Most errands can be accomplished on foot

Bike Score®

79 / 100

Very Bikeable

Biking is convenient for most trips

Transit Score®

53 / 100

Good Transit

Many 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 Downtown Colorado Springs Apartments

What is the Cheapest Studio apartment in Downtown Colorado Springs?

Currently the most affordable Cheap Studio Apartment in Downtown Colorado Springs is at Applewood Apartments listed at $880.

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

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

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

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

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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Understanding Amenity Fees: Know Where You Might Be Able to Save Money

Written by: Amber Kanuckel

With the rising costs of housing, a lot of renters are asking this question: Is it possible to opt out of various amenities that your rental property offers so that you can avoid paying the fees.

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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.

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Battling the Butts: Your Guide to the Reality of Smoke-Free Renting

Written by: Andrea Lee Negroni, JD

While many apartment buildings are “no smoking” properties, it’s hard to know exactly how many. In 2017, the National Apartment Association reported more than half of rental properties had smoke free policies.