Most Affordable Neighborhoods in Colorado Springs, CO
Some of the cheapest neighborhoods in Colorado Springs are Palmer Heights, Northglen, and Deerfield Hills. These neighborhoods offer some of the lowest rent prices in Colorado Springs, making them ideal for renters on a budget. As of September 21, 2025, the average rent in Colorado Springs is $1,297, which is 4.9% 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.
Palmer Heights
Average Rent
$858/Month
TransitScore® Rating
35/100
Units Available
15 Rentals
Palmer Heights is an affordable neighborhood in Colorado Springs with an average rent price of $858. Compare this to the city average of $1,297. Palmer Heights provides easy access to Bear Creek Regional Park, Palmer Park, and North Slope Recreation Area. It’s a walkable neighborhood with a WalkScore® of 71.
Northglen
Average Rent
$877/Month
TransitScore® Rating
35/100
Units Available
13 Rentals
If you’re looking for a great, affordable neighborhood in Colorado Springs, Northglen might be the perfect place! It has an average rent price of $877, while the city’s average stands at $1,297. Northglen is near Palmer Park, Polo Center, and Pikes Peak C.C., Downtown.
Deerfield Hills
Average Rent
$884/Month
TransitScore® Rating
36/100
Units Available
16 Rentals
Deerfield Hills is a top choice for budget-conscious renters for a variety of reasons. The average rent in Deerfield Hills is $884 while the city average is $1,297. Residents enjoy convenient access to Ace Plaza, Bear Creek Regional Park, and UC Colorado Springs. The neighborhood is considered car-dependent with a WalkScore® of 35.
The Bluffs at Spring Creek
Average Rent
$890/Month
TransitScore® Rating
27/100
Units Available
17 Rentals
When you’re looking for a great Colorado Springs neighborhood on a budget, check out The Bluffs at Spring Creek. The average rent is $890, compared to the city average of $1,297. The Bluffs at Spring Creek is convenient to Palmer Park, Pikes Peak C.C., Centennial, and Colorado College. The community is car-dependent with a WalkScore® of 35.
Cherry Hills
Average Rent
$904/Month
TransitScore® Rating
36/100
Units Available
22 Rentals
Cherry Hills is an affordable neighborhood in Colorado Springs with an average rent price of $904. Compare this to the city average of $1,297. Cherry Hills provides easy access to Bear Creek Nature Center, Pikes Peak C.C., Downtown, and Palmer Park. It’s a somewhat walkable neighborhood with a WalkScore® of 58.
Spring Creek
Average Rent
$929/Month
Year-Over-Year Rent Change
0.4%
TransitScore® Rating
35/100
Units Available
64 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 $929, while the city’s average stands at $1,297. In the last year, prices have increased by 0.4%. Spring Creek is near Monument Valley Park, Fountain Square, and Pikes Peak C.C., Downtown.
The Citadel
Average Rent
$946/Month
Year-Over-Year Rent Change
4.9%
TransitScore® Rating
49/100
Units Available
12 Rentals
The Citadel is a top choice for budget-conscious renters for a variety of reasons. The average rent in The Citadel is $946 while the city average is $1,297. This is a -4.9% difference from last year. Residents enjoy convenient access to Colorado Technical University, Palmer Park, and Rock Ledge Ranch Historic Site. The neighborhood is considered walkable with a WalkScore® of 75.
Knob Hill
Average Rent
$956/Month
Year-Over-Year Rent Change
5.1%
TransitScore® Rating
43/100
Units Available
105 Rentals
When you’re looking for a great Colorado Springs neighborhood on a budget, check out Knob Hill. The average rent is $956, compared to the city average of $1,297. Rent prices have decreased by 5.1%. Knob Hill is convenient to Citadel Court, Rock Ledge Ranch Historic Site, and Bear Creek Regional Park. The community is walkable with a WalkScore® of 74.
Valley Vista
Average Rent
$989/Month
Units Available
16 Rentals
Valley Vista is an affordable neighborhood in Colorado Springs with an average rent price of $989. Compare this to the city average of $1,297. Valley Vista provides easy access to North Circle Center, UC Colorado Springs, and North Slope Recreation Area.
Pleasant Valley
Average Rent
$997/Month
Year-Over-Year Rent Change
9.1%
TransitScore® Rating
30/100
Units Available
13 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 $997, while the city’s average stands at $1,297. In the last year, prices have decreased by 9.1%. Pleasant Valley is near Bear Creek Regional Park, Pikes Peak C.C., Downtown, and Colorado Technical University.
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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.