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34 Cheap Apartments for rent in Colorado Springs, CO

Last updated October 23 at 2:42am UTC
Tanglewood Apartments
3803 Half Turn Rd
Colorado Springs, CO
Updated October 23 at 1:11am UTC
1 Bedroom
$780
2 Bedrooms
$935
Residence at Austin Bluffs
3555 Westwood Blvd
Colorado Springs, CO
Updated October 23 at 12:34am UTC
1 Bedroom
$790
2 Bedrooms
$880
Chestnut Springs
4331 N Chestnut St
Colorado Springs, CO
Updated October 23 at 12:53am UTC
1 Bedroom
$815
1161 Mazatlan Circle
Park Hill
Colorado Springs, CO
Updated October 23 at 2:42am UTC
2 Bedrooms
$795
6780 Pahokee Court
Cimarron Hills
Colorado Springs, CO
Updated October 22 at 10:47pm UTC
2 Bedrooms
$825
1087 Chiricahua Loop
Cimarron Hills
Colorado Springs, CO
Updated October 22 at 9:36am UTC
2 Bedrooms
$825
2420 N. Union Blvd A5
Divine Redeemer
Colorado Springs, CO
Updated October 20 at 11:30am UTC
2 Bedrooms
$825
349 Gahart Drive
Eastborough
Colorado Springs, CO
Updated October 19 at 6:48pm UTC
2 Bedrooms
$800
215 E Willamette Ave
Shooks Run
Colorado Springs, CO
Updated October 19 at 2:11am UTC
1 Bedroom
$695
529 N Nevada Ave
Shooks Run
Colorado Springs, CO
Updated October 19 at 2:11am UTC
2 Bedrooms
$795
3113 Illinois Ave
Venetian Village
Colorado Springs, CO
Updated October 18 at 10:11pm UTC
1 Bedroom
$750
1007 North Weber 3
North End
Colorado Springs, CO
Updated October 18 at 6:29pm UTC
1 Bedroom
$650
1010 Delaware Dr
Knob Hill
Colorado Springs, CO
Updated October 17 at 10:16pm UTC
1 Bedroom
$700
919 North Wahsatch
North End
Colorado Springs, CO
Updated October 17 at 8:09pm UTC
1 Bedroom
$650
417 E Kiowa St
Downtown Colorado Springs
Colorado Springs, CO
Updated October 14 at 10:04am UTC
1 Bedroom
$550
815 N Nevada Ave
Shooks Run
Colorado Springs, CO
Updated October 11 at 2:02am UTC
1 Bedroom
$800
809 S Hancock Ave
Memorial Park
Colorado Springs, CO
Updated October 9 at 6:09pm UTC
2 Bedrooms
$825

October 2018 Colorado Springs Rent Report

Welcome to the October 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

October 2018 Colorado Springs Rent Report

Welcome to the October 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 1.2% year-over-year. Currently, median rents in Colorado Springs stand at $960 for a one-bedroom apartment and $1,230 for a two-bedroom. Colorado Springs' year-over-year rent growth leads the state average of 0.6%, as well as the national average of 0.9%.

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, 8 of them have seen prices rise. The state as a whole logged rent growth of 0.6% 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 $1,870; of the 10 largest cities in Colorado that we have data for, Boulder and Aurora, where two-bedrooms go for $1,410 and $1,570, are the only two major cities in the state to see rents fall year-over-year (-0.3% and -0.2%).
  • Thornton, Westminster, and Loveland have all experienced year-over-year growth above the state average (2.6%, 1.9%, and 1.6%, 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 0.9% over the past year compared to the 1.2% increase in Colorado Springs.
  • While Colorado Springs' rents rose slightly over the past year, the city of Seattle saw a decrease of 1.6%.
  • Renters will find more reasonable prices in Colorado Springs than most large cities. For example, San Francisco has a median 2BR rent of $3,110, 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.