25 Cheap Apartments for rent in Colorado Springs, CO

Last updated November 17 at 10:31am UTC
4212 Moonbeam Dr
Deerfield Hills
Colorado Springs, CO
Updated November 16 at 12:17pm UTC
2 Bedrooms
$800
3123 Starlight Cir
Deerfield Hills
Colorado Springs, CO
Updated November 16 at 12:17pm UTC
2 Bedrooms
$800
2110 Glenn Summer Rd
Palmer Park
Colorado Springs, CO
Updated November 16 at 12:39pm UTC
4 Bedrooms
$800
4319 Dewey Dr
Eastborough
Colorado Springs, CO
Updated November 10 at 5:59pm UTC
2 Bedrooms
$795
1466 Hathaway Drive
Cimarron Hills
Colorado Springs, CO
Updated October 19 at 1:48pm UTC
2 Bedrooms
$775
209 E Willamette Ave
Shooks Run
Colorado Springs, CO
Updated November 16 at 12:26pm UTC
1 Bedroom
$695
2003 W Colorado Ave
Old Colorado City
Colorado Springs, CO
Updated November 16 at 12:17pm UTC
1 Bedroom
$775
3349 E Fountain Blvd
Pikes Peak Park
Colorado Springs, CO
Updated October 28 at 7:01pm UTC
1 Bedroom
$699
238 N Prospect Street
Memorial Park
Colorado Springs, CO
Updated November 9 at 10:27am UTC
2 Bedrooms
$795
624 Prairie Rd
Divine Redeemer
Colorado Springs, CO
Updated November 17 at 10:31am UTC
2 Bedrooms
$650
617 1/2 N Wahsatch Ave
Downtown Colorado Springs
Colorado Springs, CO
Updated November 16 at 12:17pm UTC
1 Bedroom
$700
1026 Westmoreland Rd
Cragmoor
Colorado Springs, CO
Updated November 16 at 12:17pm UTC
2 Bedrooms
$795
1010 Delaware Dr
Knob Hill
Colorado Springs, CO
Updated November 16 at 12:34pm UTC
1 Bedroom
$675
116 E Dale St
Downtown Colorado Springs
Colorado Springs, CO
Updated November 16 at 12:17pm UTC
1 Bedroom
$595
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November 2017 Colorado Springs Rent Report

Welcome to the November 2017 Colorado Springs Rent Report. Colorado Springs rents declined 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

November 2017 Colorado Springs Rent Report

Welcome to the November 2017 Colorado Springs Rent Report. Colorado Springs rents declined 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 rents declined over the past month

Colorado Springs rents have declined 0.1% over the past month, but have increased significantly by 4.7% in comparison to the same time last year. Currently, median rents in Colorado Springs stand at $940 for a one-bedroom apartment and $1,220 for a two-bedroom. Colorado Springs' year-over-year rent growth leads the state average of 3.0%, as well as the national average of 2.7%.

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 3.0% 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 $1,810; of the 10 largest Colorado cities that we have data for, all have seen rents rise year-over-year, with Aurora experiencing the fastest growth (+5.1%).
  • Colorado Springs, Arvada, and Thornton have all experienced year-over-year growth above the state average (4.7%, 3.7%, and 3.4%, respectively).

Colorado Springs rents more affordable than many large cities nationwide

As rents have increased significantly in Colorado Springs, other large cities nationwide have seen rents grow more modestly, or in some cases, even decline. Colorado Springs is still more affordable than most large cities across the country.

  • Colorado Springs' median two-bedroom rent of $1,220 is above the national average of $1,160. Nationwide, rents have grown by 2.7% over the past year compared to the 4.7% increase in Colorado Springs.
  • While Colorado Springs' rents rose significantly over the past year, many cities nationwide saw decreases, including DC (-0.6%), New York (-0.2%), and Miami (-0.2%).
  • Renters will find more reasonable prices in Colorado Springs than most large cities. For example, San Francisco has a median 2BR rent of $3,070, 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.