Cheap Apartments for Rent in the Downtown Neighborhood of Colorado Springs, CO from $500 (62 Rentals)

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

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
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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
Showing Results 1-50, Page 1 of 2

Downtown, Colorado Springs, CO Local Guide

Cheapest Available Downtown Apartments for Rent

 

The cheapest available apartment rental in the Downtown 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 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
Applewood ApartmentsStudioStudio,1BA$880
Tamarac1x1 50%1BR,1BA$895
Rosewood Apartments2 Beds, 1 Baths2BR,1BA$899
Union Blvd Apartments2 Beds, 1 Baths2BR,1BA$929
Downtown Studio Apartment for rent0BR/1.0BAStudio,1BA$950
Elevate Apartment HomesKaloSolo1BR,1BA$977
Park BonfoyS1Studio,1BA$995
Sienna Place2X12BR,1BA$1,025

Best Value Apartments for Rent in Downtown, CO

As of March 29, 2025 the best value apartment in the Downtown area is the $1.07 price per square foot 1 Bed 1 Bath Model at Cascade Park in the in the Downtown neighborhood starting from $1,215. The second greatest value Downtown apartment is the KaloTrio Model at Elevate Apartment Homes starting at $1,622 with a $1.50 price per square foot in the Downtown neighborhood. Here is today’s list of the best values for Downtown apartments based on price per square foot:

Apartment ListingModel NameBed/BathPrice Per Sq.Ft.
Cascade Park1 Bed 1 Bath1BR,1BA$1.07
Elevate Apartment HomesKaloTrio3BR,2BA$1.50
Chateau Apartments2 Bedrooms, 2 Baths2BR,2BA$1.51
Union Blvd Apartments2 Beds, 1 Baths2BR,1BA$1.03
Rosewood Apartments2 Beds, 1 Baths2BR,1BA$1.00
Prospect Park2x12BR,1BA$1.41
The Village at Homewood Point2x1 50%2BR,1BA$1.43
Sienna Place2x1R2BR,1BA$1.51
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, CO

Ranked #15

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 Lifestyle Ratings of rentals in cities across the United States including Downtown, Colorado Springs, and the greater Colorado Springs area. LifeStyle Ratings are the best way to sort through finding a place to live - beyond price and floorplan. This takes in many factors including rankings of the best places for easy access to the parks, luxury amenities, family-friendly amenities, raising pets, transit options, and other valuable search options. These search options are in the site filters at the top of this page.

Frequently Asked Questions about Cheap Downtown Apartments

What is the Cheapest Studio apartment in Downtown?

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

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

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

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

Today's best deal for a Cheap Two Bedroom Apartment in Downtown is starting from $899 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.

decorative image for Understanding Amenity Fees: Know Where You Might Be Able to Save Money article

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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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.

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How Your Move-In Inspection Can Protect Your Security Deposit

Written by: Christine Leonard, Esq.

If you’re anything like most people, housing costs represent a huge chunk of your monthly budget. On top of that, moving can be both a stressful and expensive affair.