Most Affordable Neighborhoods in Colorado Springs, CO
Some of the cheapest neighborhoods in Colorado Springs are Cherry Hills, Valley Vista, and Palmer Heights. These neighborhoods offer some of the lowest rent prices in Colorado Springs, making them ideal for renters on a budget. As of June 13, 2025, the average rent in Colorado Springs is $1,310, which is 3.6% 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.
Cherry Hills
Average Rent
$876/Month
TransitScore® Rating
36/100
Units Available
36 Rentals
When you’re looking for a great Colorado Springs neighborhood on a budget, check out Cherry Hills. The average rent is $876, compared to the city average of $1,310. Cherry Hills is convenient to Cheyenne Mountain Zoo, Colorado College, and Ceresa Park. The community is somewhat walkable with a WalkScore® of 58.
Valley Vista
Average Rent
$878/Month
Units Available
14 Rentals
Valley Vista is an affordable neighborhood in Colorado Springs with an average rent price of $878. Compare this to the city average of $1,310. Valley Vista provides easy access to North Slope Recreation Area, City of Colorado Springs Municipal, and Bear Creek Regional Park.
Palmer Heights
Average Rent
$899/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 $899, while the city’s average stands at $1,310. Palmer Heights is near Bear Creek Regional Park, City of Colorado Springs Municipal, and Rustic Hills Shopping Center.
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 $1,310. Residents enjoy convenient access to Pikes Peak C.C., Downtown, UC Colorado Springs, and Academy Place. The neighborhood is considered somewhat walkable with a WalkScore® of 60.
Spring Creek
Average Rent
$933/Month
Year-Over-Year Rent Change
8.8%
TransitScore® Rating
35/100
Units Available
76 Rentals
When you’re looking for a great Colorado Springs neighborhood on a budget, check out Spring Creek. The average rent is $933, compared to the city average of $1,310. Rent prices have decreased by 8.8%. Spring Creek is convenient to Bear Creek Nature Center, Monument Valley Park, and Colorado College. The community is somewhat walkable with a WalkScore® of 56.
Knob Hill
Average Rent
$966/Month
Year-Over-Year Rent Change
2.4%
TransitScore® Rating
43/100
Units Available
93 Rentals
Knob Hill is an affordable neighborhood in Colorado Springs with an average rent price of $966. Compare this to the city average of $1,310. In the past year, rent prices have decreased by 2.4%. Knob Hill provides easy access to Rustic Hills Showcase Plaza, Colorado College, and Monument Valley Park. It’s a walkable neighborhood with a WalkScore® of 74.
The Citadel
Average Rent
$981/Month
Year-Over-Year Rent Change
8.8%
TransitScore® Rating
49/100
Units Available
15 Rentals
If you’re looking for a great, affordable neighborhood in Colorado Springs, The Citadel might be the perfect place! It has an average rent price of $981, while the city’s average stands at $1,310. In the last year, prices have decreased by 8.8%. The Citadel is near Bear Creek Nature Center, Rock Ledge Ranch Historic Site, and UC Colorado Springs.
Deerfield Hills
Average Rent
$987/Month
TransitScore® Rating
36/100
Units Available
17 Rentals
Deerfield Hills is a top choice for budget-conscious renters for a variety of reasons. The average rent in Deerfield Hills is $987 while the city average is $1,310. Residents enjoy convenient access to Pikes Peak C.C., Centennial, Clear Spring Ranch Park, and Bear Creek Regional Park. The neighborhood is considered car-dependent with a WalkScore® of 35.
The Bluffs at Spring Creek
Average Rent
$987/Month
TransitScore® Rating
27/100
Units Available
18 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 $987, compared to the city average of $1,310. The Bluffs at Spring Creek is convenient to Colorado College, Ceresa Park, and Pikes Peak C.C., Downtown. The community is car-dependent with a WalkScore® of 35.
Pleasant Valley
Average Rent
$1,004/Month
Year-Over-Year Rent Change
1%
TransitScore® Rating
30/100
Units Available
17 Rentals
Pleasant Valley is an affordable neighborhood in Colorado Springs with an average rent price of $1,004. Compare this to the city average of $1,310. In the past year, rent prices have decreased by 1%. Pleasant Valley provides easy access to Colorado Technical University, Rock Ledge Ranch Historic Site, and Pleasant Valley Shopping Center. It’s a somewhat walkable neighborhood with a WalkScore® of 57.
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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.