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cheap apartments
Last updated June 2 2020 at 9:44 AM

8 Cheap Apartments for rent in Colorado Springs, CO

Verified
Last updated June 3 at 12:15am
Village Seven
35 Units Available
Park at Penrose Apartments
3802 Half Turn Rd, Colorado Springs, CO
1 Bedroom
$802
460 sqft
2 Bedrooms
$899
680 sqft
3 Bedrooms
$1,207
800 sqft
Experience easy living at Summer Grove Apartments. Enjoy some free time in the courtyard reading a book, or plan a day for a picnic in our beautiful picnic area. There’s something for everyone to enjoy at the Summer Grove Apartments.
Verified
Last updated June 2 at 09:35pm
Holland Park
3 Units Available
Chestnut Springs
4331 N Chestnut St, Colorado Springs, CO
1 Bedroom
$805
516 sqft
Find studio, 1, 2 and 3 bedroom apartments for rent at Chestnut Springs in Colorado Springs. View photos, descriptions and more!
Verified
Last updated June 2 at 09:06pm
Village Seven
6 Units Available
Park at Palmer Apartments
3803 Half Turn Rd, Colorado Springs, CO
1 Bedroom
$785
560 sqft
2 Bedrooms
$1,027
778 sqft
Welcome to your new home at Tanglewood Apartments in Colorado Springs, CO! Nestled in the heart of Colorado Springs, Tanglewood Apartments offers all the rewards and comforts of high-class living.
Last updated June 2 at 09:38am
Venetian Village
1 Unit Available
Audubon Place
2420 N Union Blvd, Colorado Springs, CO
1 Bedroom
$800
650 sqft
2 Bedrooms
Ask
Unit C5 Available 06/08/20 Large 1 Bedroom w/ balcony coming SOON!!! - Property Id: 178166 Audubon Place Apartments, centrally located apartment complex, close to restaurants and shopping! Large 1 bedroom, 1 bath unit with balcony waiting for you.
Last updated June 2 at 06:11pm
Cragmoor
1 Unit Available
325 Cragmor Road - 305
325 Cragmor Road, Colorado Springs, CO
Studio
Ask
1 Bedroom
$800
542 sqft
2 Bedrooms
Ask
Nice 1 bedroom, 1 bath apartment; Unit has dishwasher and disposal; laundry facilities on site (second and third floors). Air conditioning. Off street parking. Close to restaurants and shopping. Located near UCCS and Garden of the Gods.
Last updated June 2 at 11:04pm
Old Colorado City
1 Unit Available
1115 N Cooper Avenue
1115 North Cooper Avenue, Colorado Springs, CO
1 Bedroom
$815
945 sqft
Nice 1 bed duplex near Downtown Colorado Springs. Availability date is subject to change.

June 2020 Colorado Springs Rent Report

Welcome to the June 2020 Colorado Springs Rent Report. Colorado Springs rents increased 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 Rent Report

June 2020 Colorado Springs Rent Report

Welcome to the June 2020 Colorado Springs Rent Report. Colorado Springs rents increased 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 increased over the past month

Colorado Springs rents have remained flat over the past month, however, they are up moderately by 2.5% year-over-year. Currently, median rents in Colorado Springs stand at $991 for a one-bedroom apartment and $1,278 for a two-bedroom. Colorado Springs' year-over-year rent growth leads the state average of 0.3%, as well as the national average of 0.8%.

    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, 6 of them have seen prices rise. The state as a whole logged rent growth of 0.3% 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 $1,917; of the 10 largest cities in Colorado that we have data for, Denver, Longmont, and Fort Collins, where two-bedrooms go for $1,351, $1,289, and $1,181, respectively, are the three major cities in the state to see rents fall year-over-year (-0.4%, -0.2%, and -0.1%).
    • Colorado Springs, Arvada, and Boulder have all experienced year-over-year growth above the state average (2.5%, 2.0%, and 1.4%, respectively).

    Colorado Springs rents more affordable than many large cities nationwide

    As rents have increased moderately in Colorado Springs, 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 $1,278 is above the national average of $1,194. Nationwide, rents have grown by 0.8% over the past year compared to the 2.5% rise in Colorado Springs.
    • While Colorado Springs' rents rose moderately over the past year, some cities nationwide saw decreases, including San Francisco (-1.0%) and Atlanta (-0.8%).
    • Renters will find more reasonable prices in Colorado Springs than most large cities. For example, San Francisco has a median 2BR rent of $3,071, which is more than twice 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.

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