Best Affordable Neighborhoods in Colorado Springs, CO
Some of the cheapest neighborhoods in Colorado Springs are Valley Vista, Divine Redeemer, and Knob Hill. These neighborhoods offer some of the lowest rent prices in Colorado Springs, making them ideal for renters on a budget. As of May 10, 2026, the average rent in Colorado Springs is $1,304, which is 1.3% lower 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.
Valley Vista
Average Rent
$883/Month
Units Available
21 Rentals
When you’re looking for a great Colorado Springs neighborhood on a budget, check out Valley Vista. The average rent is $883, compared to the city average of $1,304. Valley Vista is convenient to UC Colorado Springs, Monument Valley Park, and Perry Plaza.
Divine Redeemer
Average Rent
$902/Month
Year-Over-Year Rent Change
7.1%
Units Available
73 Rentals
Divine Redeemer is an affordable neighborhood in Colorado Springs with an average rent price of $902. Compare this to the city average of $1,304. In the past year, rent prices have decreased by 7.1%. Divine Redeemer provides easy access to UC Colorado Springs, Pikes Peak C.C., Downtown, and Monument Valley Park.
Knob Hill
Average Rent
$929/Month
Year-Over-Year Rent Change
2.2%
Units Available
67 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 $929, while the city’s average stands at $1,304. In the last year, prices have decreased by 2.2%. Knob Hill is near Rustic Hills Showcase Plaza, Rock Ledge Ranch Historic Site, and Bear Creek Regional Park.
Stratton Meadows
Average Rent
$932/Month
Year-Over-Year Rent Change
3.5%
Units Available
28 Rentals
Stratton Meadows is a top choice for budget-conscious renters for a variety of reasons. The average rent in Stratton Meadows is $932 while the city average is $1,304. This is a -3.5% difference from last year. Residents enjoy convenient access to Bear Creek Nature Center, Monument Valley Park, and Creekwalk.
Eastborough
Average Rent
$936/Month
Year-Over-Year Rent Change
5.3%
Units Available
102 Rentals
When you’re looking for a great Colorado Springs neighborhood on a budget, check out Eastborough. The average rent is $936, compared to the city average of $1,304. Rent prices have increased by 5.3%. Eastborough is convenient to Tri Peak Plaza, Ceresa Park, and Palmer Park.
Colorado Springs Airport
Average Rent
$960/Month
Units Available
31 Rentals
Colorado Springs Airport is an affordable neighborhood in Colorado Springs with an average rent price of $960. Compare this to the city average of $1,304. Colorado Springs Airport provides easy access to Powers Galley Plaza, Palmer Park, and Fountain Creek Nature Center.
Palmer Park
Average Rent
$968/Month
Year-Over-Year Rent Change
4.4%
Units Available
206 Rentals
Palmer Park in Colorado Springs, Colorado, is known for its 737-acre wildlife preserve, complete with hiking, biking, and walking trails for outdoor lovers. Local shopping centers and restaurants ensure daily needs are easily met.
Spring Creek
Average Rent
$984/Month
Year-Over-Year Rent Change
4.7%
Units Available
54 Rentals
If you’re looking for a great, affordable neighborhood in Colorado Springs, Spring Creek might be the perfect place! It has an average rent price of $984, while the city’s average stands at $1,304. In the last year, prices have increased by 4.7%. Spring Creek is near City of Colorado Springs Municipal, Monument Valley Park, and UC Colorado Springs.
Park Hill
Average Rent
$1,029/Month
Year-Over-Year Rent Change
2.4%
Units Available
241 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.
Brookwood
Average Rent
$1,029/Month
Units Available
17 Rentals
Brookwood is a top choice for budget-conscious renters for a variety of reasons. The average rent in Brookwood is $1,029 while the city average is $1,304. Residents enjoy convenient access to Pikes Peak C.C., Rampart Range, York Plaza, 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.