Cheap Homes for Rent in Colorado Springs, CO from $500 (65 Rentals)

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

property at 1630 Shasta Dr

1630 Shasta Dr, Unit 4

1630 Shasta Dr
Colorado SpringsCO80910
property at 6930 Cotton Dr

6930 Cotton Dr

Colorado SpringsCO80923

Smart Renter's Guide: Calculating Affordable Rent & Housing Costs

Wondering how to determine your rental budget? This comprehensive guide covers everything from the 30% rule to hidden fees and effective budgeting strategies.

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property at 1997 Traces Ln

1997 Traces Ln, Unit B

1997 Traces Ln
Colorado SpringsCO80951
property at 2467 Dorset Dr

2467 Dorset Dr

Colorado SpringsCO80910
property at 5413 Marabou Way

5413 Marabou Way

Colorado SpringsCO80911

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.

Read Article
property at 4818 Hobkirks Pt

4818 Hobkirks Pt

Colorado SpringsCO80906

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

Cheapest Neighborhoods for Apartments in Colorado Springs, CO

Pricing Updated: 05/17/2025

Current apartment rentals in the Colorado Springs, CO area range in price from $500 to $8,158 with an overall median price of $2,453. The three Colorado Springs neighborhoods with the lowest median rent pricing are Oak Valley Ranch at $1,545, Peregrine at $1,545, and Cragmoor at $675. 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
Oak Valley Ranch$1,597$1,5451
Peregrine$1,597$1,5451
Cragmoor$1,650$675121
Garden Ranch$1,650$67584
Kissing Camels$1,650$775193
Northeast Colorado Springs$1,650$909103
U Colorado at Colorado Springs$1,650$675196
Venetian Village$1,667$699220
Shooks Run$1,700$84561
North End Colorado Springs$1,745$69953

Cheapest Available Colorado Springs Apartments for Rent

 

The cheapest available apartment rental in Colorado Springs, CO is a 2 Beds unit found at Bentley Commons in the Deerfield Hills neighborhood priced from $588. Panorama Heights in the Deerfield Hills neighborhood has the second lowest priced unit, which is a 1 Bed apartment currently listed from $633. Here is today’s list of the most affordable Colorado Springs apartments for rent:

Apartment ListingModel NameBed/BathPriced From
Bentley CommonsOne Bedroom2BR,1BA$588
Panorama Heights1 Bedroom A1BR,1BA$633
411 South Santa Fe Avenue1 X 11BR,1BA$700
Pebble CreekS1Studio,1BA$749
11 West | Student HousingThree Bedroom3BR,3BA$749
Alta ApartmentsThe Alp - DesignerStudio,1BA$765
Shooks Run1x1 40%1BR,1BA$768
Fairway Valley ApartmentsStudioStudio,1BA$775
Traditions at Colorado SpringsStudioStudio,1BA$794
Urban Edge ApartmentsStudioStudio,1BA$795

Best Value Apartments for Rent in Colorado Springs, CO

As of May 17, 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
Union Blvd Apartments2 Beds, 1 Baths2BR,1BA$1.03
Rosewood Apartments2 Beds, 1 Baths2BR,1BA$0.94
Riverbend Apartments2 Beds, 1 Baths2BR,1BA$1.11
Shooks Run1x1 40%1BR,1BA$1.08
Homewood Point ApartmentsOne Bedroom1BR,1BA$1.01

Quick 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.

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Frequently Asked Questions about Colorado Springs

What type of rentals are currently available in Colorado Springs?

There are currently 1932 Apartments for Rent in Colorado Springs, CO with pricing that ranges from $500 to $8,158. There are also 781 Single Family Homes for rent, Condos, and Townhome rentals currently available in Colorado Springs ranging from $579 to $15,995.

What is the current price range for Rental Homes in Colorado Springs?

Today's rental pricing for Homes for Rent, Condos and Townhomes in Colorado Springs ranges from $579 to $15,995 with an average monthly rent of $2,304.

How much are larger Three and Four Bedroom Rentals in Colorado Springs?

For those who are looking for larger living arrangements, Three Bedroom Apartments in Colorado Springs range from $749 to $8,158, while Three Bedroom Homes, Condos, and Townhomes for rent range from $1,575 to $15,995. Four Bedroom Single-Family rentals are also available starting from $1,950 and Four Bedroom Apartments start at $1,719.

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 Know Your Budget: Calculating What You Can Realistically Afford When Renting article

Know Your Budget: Calculating What You Can Realistically Afford When Renting

Written by: Lauren Harrington

Renting an apartment or house isn’t just about looking through online ads, choosing a few apartments or homes you want to tour, filling out an application, and putting down a deposit. Those things are all necessary and important.

decorative image for The Freedom of Short-Term Leases: Exploring the Advantages for Renters article

The Freedom of Short-Term Leases: Exploring the Advantages for Renters

Written by: Bobbi Jackson

If you’re looking to relocate right now, a popular solution that may best fit your current rental needs is a short-term lease.

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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.

decorative image for Rise of Digital Nomads: Remote Work Tips for Apartment Renters article

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.