Most Affordable Neighborhoods in Colorado Springs, CO
Some of the cheapest neighborhoods in Colorado Springs are Valley Vista, Palmer Heights, and Northglen. These neighborhoods offer some of the lowest rent prices in Colorado Springs, making them ideal for renters on a budget. As of July 29, 2025, the average rent in Colorado Springs is $1,319, which is 2.9% 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.
Valley Vista
Average Rent
$862/Month
Units Available
11 Rentals
Valley Vista is an affordable neighborhood in Colorado Springs with an average rent price of $862. Compare this to the city average of $1,319. Valley Vista provides easy access to Rock Ledge Ranch Historic Site, UC Colorado Springs, and Monument Valley Park.
Palmer Heights
Average Rent
$896/Month
TransitScore® Rating
35/100
Units Available
15 Rentals
If you’re looking for a great, affordable neighborhood in Colorado Springs, Palmer Heights might be the perfect place! It has an average rent price of $896, while the city’s average stands at $1,319. Palmer Heights is near North Slope Recreation Area, UC Colorado Springs, and Colorado College.
Northglen
Average Rent
$921/Month
TransitScore® Rating
35/100
Units Available
12 Rentals
Northglen is a top choice for budget-conscious renters for a variety of reasons. The average rent in Northglen is $921 while the city average is $1,319. Residents enjoy convenient access to Polo Center, Colorado Technical University, and North Slope Recreation Area. The neighborhood is considered somewhat walkable with a WalkScore® of 60.
Deerfield Hills
Average Rent
$922/Month
TransitScore® Rating
36/100
Units Available
16 Rentals
When you’re looking for a great Colorado Springs neighborhood on a budget, check out Deerfield Hills. The average rent is $922, compared to the city average of $1,319. Deerfield Hills is convenient to Ace Plaza, City of Colorado Springs Municipal, and Colorado College. The community is car-dependent with a WalkScore® of 35.
Cherry Hills
Average Rent
$922/Month
TransitScore® Rating
36/100
Units Available
25 Rentals
Cherry Hills is an affordable neighborhood in Colorado Springs with an average rent price of $922. Compare this to the city average of $1,319. Cherry Hills provides easy access to Pikes Peak C.C., Centennial, Pikes Peak C.C., Downtown, and Cheyenne Mountain Zoo. It’s a somewhat walkable neighborhood with a WalkScore® of 58.
The Bluffs at Spring Creek
Average Rent
$926/Month
TransitScore® Rating
27/100
Units Available
17 Rentals
If you’re looking for a great, affordable neighborhood in Colorado Springs, The Bluffs at Spring Creek might be the perfect place! It has an average rent price of $926, while the city’s average stands at $1,319. The Bluffs at Spring Creek is near City of Colorado Springs Municipal, UC Colorado Springs, and Circle Square Center.
The Citadel
Average Rent
$940/Month
Year-Over-Year Rent Change
5.3%
TransitScore® Rating
49/100
Units Available
15 Rentals
The Citadel is a top choice for budget-conscious renters for a variety of reasons. The average rent in The Citadel is $940 while the city average is $1,319. This is a -5.3% difference from last year. Residents enjoy convenient access to The Citadel, Citadel Commons, and Colorado Technical University. The neighborhood is considered walkable with a WalkScore® of 75.
Spring Creek
Average Rent
$956/Month
Year-Over-Year Rent Change
0.1%
TransitScore® Rating
35/100
Units Available
78 Rentals
When you’re looking for a great Colorado Springs neighborhood on a budget, check out Spring Creek. The average rent is $956, compared to the city average of $1,319. Rent prices have increased by 0.1%. Spring Creek is convenient to Market at Spring Creek, Colorado College, and City of Colorado Springs Municipal. The community is somewhat walkable with a WalkScore® of 56.
Crestmoor Park
Average Rent
$959/Month
TransitScore® Rating
31/100
Units Available
15 Rentals
Crestmoor Park is an affordable neighborhood in Colorado Springs with an average rent price of $959. Compare this to the city average of $1,319. Crestmoor Park provides easy access to Pikes Peak C.C., Downtown, City of Colorado Springs Municipal, and North Slope Recreation Area. It’s a car-dependent neighborhood with a WalkScore® of 33.
Knob Hill
Average Rent
$962/Month
Year-Over-Year Rent Change
2.1%
TransitScore® Rating
43/100
Units Available
88 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 $962, while the city’s average stands at $1,319. In the last year, prices have decreased by 2.1%. Knob Hill is near Colorado College, Monument Valley Park, and City of Colorado Springs Municipal.
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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.