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Top 6 Cheapest Places to Live in Colorado, 2021

By: Emily Kho
August 10, 2021

There are a few things to know before moving to Colorado. For starters, it's essential to get a good idea of what the cost of living in Colorado will be and get an idea of what city you'd like to settle down in.

When you consider the vivid landscape filled with rivers, plateaus, canyons, mountains, and forests, it's no wonder this state is such a popular destination, consistently attracting new residents. Who wouldn't want to live in a beautiful, mountainous place like Colorado?

Thankfully, despite its increasing popularity, some of the best places to live in Colorado are also some of the most affordable. So if you're looking for the best deal, here's a look at six of the cheapest places to live in Colorado.

Note: The data provided below comes from our rent estimates. These numbers expand beyond what’s listed on our platform. For further information, learn about our methodology.

Colorado Springs

  • Population: 478,221
  • Median 2-Bedroom Apartment Rent: $1,436
  • Median Household Income: $64,712
  • Walk Score: 35
  • Transit Score: 19
  • Bike Score: 45

Located in El Paso County near the base of Pikes Peak on the eastern edge of the Rocky Mountains is Colorado Springs. Known as one of the best places to live in Colorado, Colorado Springs is where many young professionals and families call home. There's plenty to do with countless parks and coffee shops for individuals or families of all ages.

Colorado Springs is a great place to call home for the outdoorsy type. Some of the best hiking trails can be found here, such as Red Rock Canyon, Mount Cutler, Muscoco Trailhead, or Pulpit Rock Park. Parents looking to take their kids outdoors can enjoy some of the many playgrounds found around the town, like at the America the Beautiful Park Fantasy Playground, Nancy Lewis Park, or Swing High Playground at Memorial Park.

On rainy days, there's still plenty to do in Colorado Springs. Head indoors and check out the National Museum of World War II Aviation, Glen Eyrie Castle, the Olympic Training Center, or the Colorado Springs Pioneers Museum. Afterward, grab a bite to eat at Carlos Bistro, Lake Terrace Dining Room, or Urban Egg.

There's no denying the beauty found all around Colorado Springs. After all, Pikes Peak found in the city was the inspiration behind the song "America the Beautiful." But, along with all that beauty comes an excellent blend of metropolitan convenience and rugged history.

Learn about the average rent in Colorado Springs. Then, check out the hundreds of apartments available for rent now in Colorado Springs.

Aurora

  • Population: 379,289
  • Median 2-Bedroom Apartment Rent: $1,665
  • Median Household Income: $65,100
  • Walk Score: 43
  • Transit Score: 38
  • Bike Score: 55

Aurora is the third most populated city in Colorado, with nicknames such as the Gateway to the Rockies and the Sunrise of Colorado. Falling across multiple counties, including Douglas, Arapahoe, and Adams, Aurora is immediately east of Denver.

While some believe Aurora is the less exciting suburb of Denver, they couldn't be more wrong. Aurora is full of life, with a thriving arts and culture scene for everyone to enjoy. There are multiple places for you to be able to emerge yourself in the scene. You can catch an edgy show at the Vintage Theatre, other live performances at the Aurora Fox Arts Center, or see the exhibits at the Aurora History Museum.

Adult residents of Aurora can take advantage of the countless craft breweries and taprooms. Some of the local favorites include Ursula Brewing, Launch Pad Brewery, Pilothouse Brewing Company, and Dry Dock Brewing Co. If you're not big on beer but still interested in checking out the libations in the area, you can stop by Haykin Family Cider.

There are tons trails in the Aurora area for those who like to get outdoors and stretch their legs. Enjoy the 123-acre wildlife park at Bluff Lake Nature Center Loop, or check out some of the other popular hikes at the Aurora Reservoir, Quincy Reservoir, or the Wetland and Cherry Creek Trail Loop.

Learn more about the average rent in Aurora. Then, check out the hundreds of apartments available for rent now in Aurora.

Boulder

  • Population: 105,673
  • Median 2-Bedroom Apartment Rent: $1,954
  • Median Household Income: $69,520
  • Walk Score: 57
  • Transit Score: 49
  • Bike Score: 86

The city of Boulder sits at the base of the Rocky Mountains and just 25 minutes northwest of Denver. National Geographic has named Boulder the happiest city in the country. The city perfectly blends suburban with urban, with plenty of entertainment, shopping, and eating options.

With over 31,000 acres of parkland in the city alone, including 200 miles of biking and hiking trails, it's clear that Boulder is yet another wonderful Colorado city for the outdoorsy folk. Some of the best hikes are found at Mount Sanitas and Sanitas Valley Loop Trail, the Green Mountain West Trail, the First and Second Flatirons Loop, or the Chautauqua Trail.

If you're looking for some history, stop by the Pearl Street Mall situated in Downtown Boulder. This four-block-long pedestrian mall has been around for over 40 years and still provides excellent entertainment and shopping today. There are countless museums to visit, including the Boulder History Museum, the National Center for Atmospheric Research (NCAR), and the Shelby American Collection.

It wouldn't be a Colorado city if it didn't have its craft beer and Boulder has nothing short of that. While living in Boulder, you should visit VisionQuest Brewing, Wild Provisions Beer Project, and Twisted Pine Brewing Co.

Learn more about average rent in Boulder. Then, check out the hundreds of apartments available for rent now in Boulder.

Arvada

  • Population: 121,272
  • Median 2-Bedroom Apartment Rent: $1,561
  • Median Household Income: $84,717
  • Walk Score: 34
  • Transit Score: 29
  • Bike Score: 52

In both Adams and Jefferson counties in Colorado lies one of the many suburbs of Denver, Arvada. Residents in Arvada enjoy the dense suburban lifestyle while still being close to more metropolitan areas within the state. As such, Arvada is known for being a predominantly commuter town of Boulder and Denver.

The Historic Olde Town Arvada, located just seven miles northwest of Denver, offers countless restaurant and live entertainment options for visitors and locals. On the weekends, Olde Town Arvada booms with fun for families of all ages. Take part in weekend adventures in this historic area like farmer's markets, pub crawls, or costume contests.

Arvada has a 3,400-acre outdoor system that includes trails, open spaces, and parklands. The park system alone includes over 90 neighborhood parks, with residents able to find one park every ten minutes walking. Some of the best parks in Arvada include Ralston-Central Park, Lake Arbor Park, and the Wolff Park Arvada.

Other fun things to check out in Arvada include the Cussler Museum, the Arvada Center for the Arts and Humanities, and the Field of Corpses Haunted Attraction. When you're done with exploring for the day, grab a bite to eat at Yak and Yeti Restaurant and Brewpub, School House Kitchen and Libations, or the Arvada Tavern..

Learn more about average rent in Arvada. Then, check out the thousands of apartments available for rent now in Arvada.

Castle Rock

  • Population: 68,484
  • Median 2-Bedroom Apartment Rent: $1,988
  • Median Household Income: $109,700
  • Walk Score: 12
  • Transit Score: --
  • Bike Score: 40

Directly between Denver and Colorado Springs is Castle Rock, the picturesque town that lies along with the front range of the Rocky Mountains. If you're in it for the views, you can rest assured that moving to Castle Rock will not disappoint.

When living in Castle Rock, not only will you be able to take advantage of the rolling acres of nature trails, mesas, and buttes, you also get to live in a place that is rapidly growing. The steady population growth in Castle Rock means plenty of options for dining and entertainment throughout the town.

The town got its name from the Castle Rock butte, located just north of the town center. However, residents can also enjoy beautiful views of Pikes Peak, Mount Evans, Devils Head, and Dawson Butte, all from their hometown. Check out some of the favorite local hikes at Rock Park Loop Trail, Mitchell Creek Canyon Trail, and Ridgeline Open Space Loop for the explorers.

While new dining options are constantly popping up throughout the town, it's worth making a stop at Manna Restaurant, Scileppi's at The Old Stone Church, Damascus Grill, Fish and Company, and Castle Cafe, some of the local favorites, while living here.

Check out the hundreds of apartments available for rent now in Castle Rock.

Broomfield

  • Population: 70,465
  • Median 2-Bedroom Apartment Rent: $2,220
  • Median Household Income: $96,416
  • Walk Score: 32
  • Transit Score: 18
  • Bike Score: 59

Broomfield is not only a city, but also a county. It’s found within Colorado and is the smallest by area located in Colorado. It’s the fifth smallest in the United States. This city is between Boulder and downtown Denver and right along U.S. Route 36, centrally located.

There is tons to do in Broomfield for individuals and families of all ages, including taking a trip to the FlatIron Crossing Mall, with a unique blend of large department stores and smaller boutique shops. The Broomfield Bay Aquatic Park is another excellent place to take the whole family, with slides, pools, splash areas, grass, and shade.

Broomfield is also home to a handful of museums worth visiting, including the Broomfield Depot Museum, built-in 1909 and listed on the Register of Historic Buildings, and the Broomfield Veterans Museum, honoring local veterans as far back as the Civil War.

With plenty to see and do, Broomfield is a great place for anyone who loves the outdoors. You can enjoy some favorite hikes, like the Lake Link Trail, the Big Dry Creek Trail, or the McKay Lake Trail.

Learn more about average rent in Broomfield. Then, check out the hundreds of apartments available for rent now in Broomfield.

Final Thoughts - Where Should I Move to In Colorado?

Whether living smack dab against the base of the Rocky Mountains like in Castle Rock or enjoying the hustle of a metropolitan area like Aurora, there's something there for everyone in Colorado. Thankfully, some of the best places to live in Colorado are also the cheapest places.

So, if you are interested in moving to Colorado, now might be a good time to start your research. First, find out more information about the cost of living in Colorado. Next, register with Apartment List today and start checking out the thousands of available apartments to rent in Colorado!

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EMILY KHO
Emily is a professionally trained SEO writer who covers a wide range of topics but specializes in business and hospitality content. With over a decade of professional writing experience in the hospitality industry, Emily comes from a strong background in the field backed with a BS from the world-renowned William F. Read More
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