Most Affordable Neighborhoods in Colorado Springs, CO
Some of the cheapest neighborhoods in Colorado Springs are Divine Redeemer, Park Hill, and SE Colorado Springs. These neighborhoods offer some of the lowest rent prices in Colorado Springs, making them ideal for renters on a budget. As of April 29, 2025, the average rent in Colorado Springs is $1,304, which is 3.5% 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.
Divine Redeemer
Average Rent
$1,018/Month
Year-Over-Year Rent Change
2.2%
TransitScore® Rating
36/100
Units Available
86 Rentals
When you’re looking for a great Colorado Springs neighborhood on a budget, check out Divine Redeemer. The average rent is $1,018, compared to the city average of $1,304. Rent prices have decreased by 2.2%. Divine Redeemer is convenient to UC Colorado Springs, Perry Plaza, and Circle U Center. The community is somewhat walkable with a WalkScore® of 67.
Park Hill
Average Rent
$1,031/Month
Year-Over-Year Rent Change
8.9%
TransitScore® Rating
41/100
Units Available
217 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.
SE Colorado Springs
Average Rent
$1,036/Month
Year-Over-Year Rent Change
6.3%
TransitScore® Rating
33/100
Units Available
137 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.
Palmer Park
Average Rent
$1,095/Month
Year-Over-Year Rent Change
6.6%
TransitScore® Rating
32/100
Units Available
109 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.
East Colorado Springs
Average Rent
$1,256/Month
Year-Over-Year Rent Change
4.7%
TransitScore® Rating
26/100
Units Available
893 Rentals
East Colorado Springs in Colorado Springs, CO is characterized by its walkability, residential atmosphere, and mountain views. This area has access to highly-rated schools, grocery stores, and shopping centers like the Citadel Mall. Public bus routes are readily accessible, making commuting hassle-free for residents.
Gateway Park
Average Rent
$1,295/Month
Year-Over-Year Rent Change
7.5%
TransitScore® Rating
29/100
Units Available
95 Rentals
Gateway Park stands out in Colorado Springs, Colorado, for its budget-friendly apartments and cost-effective living. The neighborhood includes several parks and recreational spots, perfect for active lifestyles. Nearby shopping and dining options add to the everyday convenience of the area.
Village Seven
Average Rent
$1,325/Month
TransitScore® Rating
28/100
Units Available
99 Rentals
Village Seven offers cost-effective living in Colorado Springs, Colorado, right next to Pikes Peak and Devil's Head. The neighborhood is home to stunning views of the Rocky Mountains. Nearby commercial areas provide convenient shopping and dining experiences.
South Colorado Springs
Average Rent
$1,402/Month
Year-Over-Year Rent Change
1.8%
TransitScore® Rating
22/100
Units Available
156 Rentals
South Colorado Springs in Colorado Springs, CO offers a range of affordable apartments for renters on a budget. This neighborhood features easy access to public transportation and beautiful parks. Local shopping centers and dining options provide a practical and enjoyable living experience.
Cimarron Hills
Average Rent
$1,512/Month
Year-Over-Year Rent Change
0.5%
TransitScore® Rating
1/100
Units Available
98 Rentals
Cimarron Hills offers proximity to a growing commercial area with beautiful mountainous views. The neighborhood is part of the Powers Corridor, which offers plenty of shopping and dining for residents. The area is known for its green spaces and recreational facilities, providing ample opportunities for leisure.
Falcon Estates
Average Rent
$1,528/Month
Year-Over-Year Rent Change
3.1%
TransitScore® Rating
31/100
Units Available
119 Rentals
Falcon Estates in Colorado Springs, Colorado, features affordable rental options near the U.S. Air Force Academy and Downtown Colorado Springs. This neighborhood includes access to public transportation and several parks. Nearby shopping centers and dining establishments add to the overall appeal and convenience.
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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.