Best Affordable Neighborhoods in Colorado Springs, CO
Some of the cheapest neighborhoods in Colorado Springs are Knob Hill, Valley Vista, and Cherry Hills. These neighborhoods offer some of the lowest rent prices in Colorado Springs, making them ideal for renters on a budget. As of March 25, 2026, the average rent in Colorado Springs is $1,302, which is 1.6% 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.
Knob Hill
Average Rent
$923/Month
Year-Over-Year Rent Change
2.8%
Units Available
72 Rentals
Knob Hill is a top choice for budget-conscious renters for a variety of reasons. The average rent in Knob Hill is $923 while the city average is $1,302. This is a -2.8% difference from last year. Residents enjoy convenient access to Colorado Technical University, Colorado College, and Palmer Park.
Valley Vista
Average Rent
$927/Month
Units Available
22 Rentals
When you’re looking for a great Colorado Springs neighborhood on a budget, check out Valley Vista. The average rent is $927, compared to the city average of $1,302. Valley Vista is convenient to Colorado College, Bear Creek Regional Park, and City of Colorado Springs Municipal.
Cherry Hills
Average Rent
$934/Month
Units Available
17 Rentals
Cherry Hills is an affordable neighborhood in Colorado Springs with an average rent price of $934. Compare this to the city average of $1,302. Cherry Hills provides easy access to Market at Spring Creek, Pikes Peak C.C., Downtown, and Colorado College.
Northridge
Average Rent
$940/Month
Units Available
60 Rentals
If you’re looking for a great, affordable neighborhood in Colorado Springs, Northridge might be the perfect place! It has an average rent price of $940, while the city’s average stands at $1,302. Northridge is near City of Colorado Springs Municipal, Colorado Technical University, and Garden Ranch Shoppette.
The Citadel
Average Rent
$946/Month
Year-Over-Year Rent Change
6.5%
Units Available
10 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 $1,302. This is a -6.5% difference from last year. Residents enjoy convenient access to Bear Creek Regional Park, Citadel Commons, and Colorado Technical University.
Audubon Gardens
Average Rent
$951/Month
Units Available
28 Rentals
When you’re looking for a great Colorado Springs neighborhood on a budget, check out Audubon Gardens. The average rent is $951, compared to the city average of $1,302. Audubon Gardens is convenient to Monument Valley Park, Rock Ledge Ranch Historic Site, and Audubon Center.
Stratton Meadows
Average Rent
$961/Month
Year-Over-Year Rent Change
2.6%
Units Available
32 Rentals
Stratton Meadows is an affordable neighborhood in Colorado Springs with an average rent price of $961. Compare this to the city average of $1,302. In the past year, rent prices have decreased by 2.6%. Stratton Meadows provides easy access to Broadmoor Towne Center, Broadmoor Shoppes, and Monument Valley Park.
Crestmoor Park
Average Rent
$979/Month
Units Available
11 Rentals
If you’re looking for a great, affordable neighborhood in Colorado Springs, Crestmoor Park might be the perfect place! It has an average rent price of $979, while the city’s average stands at $1,302. Crestmoor Park is near Palmer Park, City of Colorado Springs Municipal, and Venetian Village.
Divine Redeemer
Average Rent
$981/Month
Year-Over-Year Rent Change
6.8%
Units Available
84 Rentals
Divine Redeemer is a top choice for budget-conscious renters for a variety of reasons. The average rent in Divine Redeemer is $981 while the city average is $1,302. This is a -6.8% difference from last year. Residents enjoy convenient access to Golf Acres Shopping Center, UC Colorado Springs, and Circle U Center.
Spring Creek
Average Rent
$990/Month
Year-Over-Year Rent Change
1.2%
Units Available
45 Rentals
When you’re looking for a great Colorado Springs neighborhood on a budget, check out Spring Creek. The average rent is $990, compared to the city average of $1,302. Rent prices have decreased by 1.2%. Spring Creek is convenient to Colorado College, City of Colorado Springs Municipal, and Pikes Peak C.C., Centennial.
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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.