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24 Cheap Apartments for rent in Colorado Springs, CO

Last updated December 11 at 2:05pm UTC
Chestnut Springs
4331 N Chestnut St
Colorado Springs, CO
Updated December 11 at 12:25pm UTC
1 Bedroom
$770
Wind River Place Apartments
919 N 19th St
Colorado Springs, CO
Updated December 11 at 12:07pm UTC
1 Bedroom
$820
2 Bedrooms
$1,065
Tanglewood Apartments
3803 Half Turn Rd
Colorado Springs, CO
Updated December 11 at 12:18pm UTC
1 Bedroom
$785
2 Bedrooms
$935
3350 Cochran Drive
Deerfield Hills
Colorado Springs, CO
Updated December 11 at 11:39am UTC
2 Bedrooms
$795
2918 Sage Street
Indian Heights
Colorado Springs, CO
Updated December 11 at 11:28am UTC
Studio
$525
4036 E San Miguel Street
Rustic Hills
Colorado Springs, CO
Updated December 11 at 1:35am UTC
2 Bedrooms
$795
349 Gahart Drive
Eastborough
Colorado Springs, CO
Updated December 11 at 1:35am UTC
2 Bedrooms
$775
3395 C Fountain Blvd.
Pikes Peak Park
Colorado Springs, CO
Updated December 11 at 10:00am UTC
1 Bedroom
$649
2237 East Boulder 13
Shooks Run
Colorado Springs, CO
Updated December 6 at 11:19am UTC
1 Bedroom
$695
64 Newport Circle
Broadmoor
Colorado Springs, CO
Updated December 11 at 12:28pm UTC
1 Bedroom
$750
316 E. Brookside
Stratton Meadows
Colorado Springs, CO
Updated December 11 at 12:00pm UTC
2 Bedrooms
$800
307 E Yampa St
North End
Colorado Springs, CO
Updated December 2 at 11:26am UTC
4 Bedrooms
$750
349 Gahart Drive Unit A
Eastborough
Colorado Springs, CO
Updated December 1 at 11:35am UTC
2 Bedrooms
$775
461 El Paso Blvd
Manitou Springs
Manitou Springs, CO
Updated December 11 at 1:00pm UTC
1 Bedroom
$795
2 Bedrooms
Ask
Results within 1 miles of Colorado Springs, CO
1466 Hathaway Drive
Cimarron Hills
Cimarron Hills, CO
Updated December 11 at 1:35am UTC
1 Bedroom
$595
4312 Ericson Dr. - 3
Stratmoor Hills
Stratmoor, CO
Updated December 11 at 2:05pm UTC
2 Bedrooms
$700
217 S Fountain Street
Fountain
Fountain, CO
Updated December 11 at 1:35am UTC
1 Bedroom
$675
Results within 5 miles of Colorado Springs, CO
3111 Illinois Ave - C
Venetian Village
Colorado Springs, CO
Updated December 11 at 10:00am UTC
2 Bedrooms
$800

December 2018 Colorado Springs Rent Report

Welcome to the December 2018 Colorado Springs Rent Report. Colorado Springs rents remained steady over the past month. In this report, we'll evaluate trends in the Colorado Springs rental market, including comparisons to cities throughout the state and nation.

View full Colorado Springs Rent Report
Rent Report
Colorado Springs

December 2018 Colorado Springs Rent Report

Welcome to the December 2018 Colorado Springs Rent Report. Colorado Springs rents remained steady over the past month. In this report, we'll evaluate trends in the Colorado Springs rental market, including comparisons to cities throughout the state and nation.

Colorado Springs rent trends were flat over the past month

Colorado Springs rents have remained flat over the past month, however, they have increased slightly by 1.5% year-over-year. Currently, median rents in Colorado Springs stand at $950 for a one-bedroom apartment and $1,230 for a two-bedroom. Colorado Springs' year-over-year rent growth lags the state average of 1.8%, but exceeds the national average of 1.3%.

Rents rising across cities in Colorado

Throughout the past year, rent increases have been occurring not just in the city of Colorado Springs, but across the entire state. Of the largest 10 cities that we have data for in Colorado, all of them have seen prices rise. The state as a whole logged rent growth of 1.8% over the past year. Here's a look at how rents compare across some of the largest cities in the state.

  • Looking throughout the state, Thornton is the most expensive of all Colorado's major cities, with a median two-bedroom rent of $1,880; of the 10 largest Colorado cities that we have data for, all have seen rents rise year-over-year, with Thornton experiencing the fastest growth (+5.1%).
  • Westminster, Arvada, and Fort Collins have all experienced year-over-year growth above the state average (3.7%, 2.7%, and 2.5%, respectively).

Colorado Springs rents more affordable than many large cities nationwide

As rents have increased slightly in Colorado Springs, a few large cities nationwide have seen rents grow more quickly. Colorado Springs is still more affordable than most large cities across the country.

  • Colorado Springs' median two-bedroom rent of $1,230 is slightly above the national average of $1,180. Nationwide, rents have grown by 1.3% over the past year compared to the 1.5% increase in Colorado Springs.
  • While Colorado Springs' rents rose slightly over the past year, the city of Seattle saw a decrease of 0.4%.
  • Renters will find more reasonable prices in Colorado Springs than most large cities. For example, San Francisco has a median 2BR rent of $3,100, which is more than two-and-a-half times the price in Colorado Springs.

For more information check out our national report. You can also access our full data for cities and counties across the U.S. at this link.

Methodology - Recent Updates:

Data from private listing sites, including our own, tends to skew toward luxury apartments, which introduces sample bias when estimates are calculated directly from these listings. To address these limitations, we’ve recently made major updates to our methodology, which we believe have greatly improved the accuracy and reliability of our estimates.

Read more about our new methodology below, or see a more detailed post here.

Methodology:

Apartment List is committed to making our rent estimates the best and most accurate available. To do this, we start with reliable median rent statistics from the Census Bureau, then extrapolate them forward to the current month using a growth rate calculated from our listing data. In doing so, we use a same-unit analysis similar to Case-Shiller’s approach, comparing only units that are available across both time periods to provide an accurate picture of rent growth in cities across the country.

Our approach corrects for the sample bias inherent in other private sources, producing results that are much closer to statistics published by the Census Bureau and HUD. Our methodology also allows us to construct a picture of rent growth over an extended period of time, with estimates that are updated each month.

Read more about our methodology here.

About Rent Reports:

Apartment List publishes monthly reports on rental trends for hundreds of cities across the U.S. We intend these reports to be a source of reliable information that help renters and policymakers make sound decisions, and we invest significant time and effort in gathering and analyzing rent data. Our work is covered regularly by journalists across the country.

We are continuously working to improve our methodology and data, with the goal of providing renters with the information that they need to make the best decisions.