Cheapest Neighborhoods in Colorado Springs, CO
Some of the cheapest neighborhoods in Colorado Springs are Knob Hill, Southborough, and Spring Creek. These neighborhoods offer some of the lowest rent prices in Colorado Springs, making them ideal for renters on a budget. As of September 25, 2026, the average rent in Colorado Springs is $1,313, which is 1.4% higher than last year. However, it's important to remember that rental prices can vary significantly based on factors such as location, amenities, and floor plans.
Knob Hill
Average Rent
$943/Month
Year-Over-Year Rent Change
1.1%
Units Available
60 Rentals
If you’re looking for a great, affordable neighborhood in Colorado Springs, Knob Hill might be the perfect place! It has an average rent price of $943, while the city’s average stands at $1,313. In the last year, prices have decreased by 1.1%. Knob Hill is near Rustic Hills Shopping Center, Citadel Court, and Palmer Park.
Southborough
Average Rent
$949/Month
Year-Over-Year Rent Change
2.7%
Units Available
17 Rentals
Southborough is a top choice for budget-conscious renters for a variety of reasons. The average rent in Southborough is $949 while the city average is $1,313. This is a 2.7% difference from last year. Residents enjoy convenient access to City of Colorado Springs Municipal, Mission Pointe Plaza, and Fountain Creek Nature Center.
Spring Creek
Average Rent
$968/Month
Year-Over-Year Rent Change
2.8%
Units Available
52 Rentals
When you’re looking for a great Colorado Springs neighborhood on a budget, check out Spring Creek. The average rent is $968, compared to the city average of $1,313. Rent prices have decreased by 2.8%. Spring Creek is convenient to Market at Spring Creek Shopping Center, Bear Creek Regional Park, and Palmer Park.
Divine Redeemer
Average Rent
$995/Month
Year-Over-Year Rent Change
3%
Units Available
42 Rentals
Divine Redeemer is an affordable neighborhood in Colorado Springs with an average rent price of $995. Compare this to the city average of $1,313. In the past year, rent prices have decreased by 3%. Divine Redeemer provides easy access to Pikes Peak C.C., Downtown, City of Colorado Springs Municipal, and Colorado College.
Pleasant Valley
Average Rent
$1,010/Month
Year-Over-Year Rent Change
4.8%
Units Available
14 Rentals
If you’re looking for a great, affordable neighborhood in Colorado Springs, Pleasant Valley might be the perfect place! It has an average rent price of $1,010, while the city’s average stands at $1,313. In the last year, prices have increased by 4.8%. Pleasant Valley is near Pleasant Valley Shopping Center, North Slope Recreation Area, and City of Colorado Springs Municipal.
Eastborough
Average Rent
$1,020/Month
Year-Over-Year Rent Change
0.6%
Units Available
64 Rentals
Eastborough is a top choice for budget-conscious renters for a variety of reasons. The average rent in Eastborough is $1,020 while the city average is $1,313. This is a 0.6% difference from last year. Residents enjoy convenient access to City of Colorado Springs Municipal, Bear Creek Nature Center, and Pikes Peak C.C., Downtown.
Park Hill
Average Rent
$1,036/Month
Year-Over-Year Rent Change
2%
Units Available
184 Rentals
Park Hill provides cheap apartments ideal for budget-conscious renters just miles from downtown Colorado Springs, Colorado. The area features several parks, shopping centers, and restaurants. This neighborhood is near major institutions, like the Air Force Academy and the University of Colorado at Colorado Springs, attracting a diverse group of renters.
North End
Average Rent
$1,037/Month
Year-Over-Year Rent Change
1.9%
Units Available
11 Rentals
When you’re looking for a great Colorado Springs neighborhood on a budget, check out North End. The average rent is $1,037, compared to the city average of $1,313. Rent prices have increased by 1.9%. North End is convenient to North Slope Recreation Area, Monument Valley Park, and Bon Center.
SE Colorado Springs
Average Rent
$1,050/Month
Year-Over-Year Rent Change
4.3%
Units Available
88 Rentals
Welcome to SE Colorado Springs, a neighborhood whose sprawling mountains, suburban charm, and proximity to downtown Colorado Springs, Colorado, bring in renters from across the state. SE Colorado Springs offers easy access to Interstate 25 and Highway 24 for a simple commute throughout the city, as well as walkable streets for a community feel. Affordable living costs make it a top choice for renters seeking value.
Patty Jewett
Average Rent
$1,051/Month
Year-Over-Year Rent Change
1.7%
Units Available
21 Rentals
Patty Jewett is an affordable neighborhood in Colorado Springs with an average rent price of $1,051. Compare this to the city average of $1,313. In the past year, rent prices have decreased by 1.7%. Patty Jewett provides easy access to Colorado College, Pikes Peak C.C., Downtown, and UC Colorado Springs.
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Methodology
Transit Score measures access to public transit. Scores range from 0 (minimal transit) to 100 (rider’s paradise). Learn more about the Transit Score methodology. Rental data is sourced from CoStar Group’s Market Trend reports. As a leading authority in commercial real estate information, analytics, and news, CoStar performs in-depth research to build and sustain an extensive database of commercial real estate insights.
We've combined this data with public records to provide the most current rental information available.