Best Affordable Neighborhoods in Colorado Springs, CO
Some of the cheapest neighborhoods in Colorado Springs are Longs Terrace, Claremont Ranch, 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 November 8, 2025, the average rent in Colorado Springs is $1,282, 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.
Longs Terrace
Average Rent
$731/Month
TransitScore® Rating
34/100
Units Available
15 Rentals
If you’re looking for a great, affordable neighborhood in Colorado Springs, Longs Terrace might be the perfect place! It has an average rent price of $731, while the city’s average stands at $1,282. Longs Terrace is near Pikes Peak C.C., Downtown, Pikes Peak C.C., Centennial, and Colorado College.
Claremont Ranch
Average Rent
$835/Month
TransitScore® Rating
0/100
Units Available
10 Rentals
Claremont Ranch is a top choice for budget-conscious renters for a variety of reasons. The average rent in Claremont Ranch is $835 while the city average is $1,282. Residents enjoy convenient access to Palmer Park, Colorado College, and City of Colorado Springs Municipal. The neighborhood is considered car-dependent with a WalkScore® of 24.
Palmer Heights
Average Rent
$858/Month
TransitScore® Rating
35/100
Units Available
14 Rentals
When you’re looking for a great Colorado Springs neighborhood on a budget, check out Palmer Heights. The average rent is $858, compared to the city average of $1,282. Palmer Heights is convenient to Polo Center, UC Colorado Springs, and Rustic Hills Showcase Plaza. The community is walkable with a WalkScore® of 71.
Northglen
Average Rent
$872/Month
TransitScore® Rating
35/100
Units Available
12 Rentals
Northglen is an affordable neighborhood in Colorado Springs with an average rent price of $872. Compare this to the city average of $1,282. Northglen provides easy access to Bear Creek Regional Park, Monument Valley Park, and Academy Place. It’s a somewhat walkable neighborhood with a WalkScore® of 60.
Southborough
Average Rent
$917/Month
Year-Over-Year Rent Change
9.1%
TransitScore® Rating
38/100
Units Available
10 Rentals
If you’re looking for a great, affordable neighborhood in Colorado Springs, Southborough might be the perfect place! It has an average rent price of $917, while the city’s average stands at $1,282. In the last year, prices have decreased by 9.1%. Southborough is near City of Colorado Springs Municipal, Clear Spring Ranch Park, and Southpark Village.
Cherry Hills
Average Rent
$917/Month
TransitScore® Rating
36/100
Units Available
25 Rentals
Cherry Hills is a top choice for budget-conscious renters for a variety of reasons. The average rent in Cherry Hills is $917 while the city average is $1,282. Residents enjoy convenient access to Colorado College, Palmer Park, and Bear Creek Nature Center. The neighborhood is considered somewhat walkable with a WalkScore® of 58.
Lamplighter
Average Rent
$917/Month
TransitScore® Rating
43/100
Units Available
10 Rentals
When you’re looking for a great Colorado Springs neighborhood on a budget, check out Lamplighter. The average rent is $917, compared to the city average of $1,282. Lamplighter is convenient to Fountain Creek Nature Center, City of Colorado Springs Municipal, and Cheyenne Mountain State Park. The community is somewhat walkable with a WalkScore® of 58.
Deerfield Meadows
Average Rent
$917/Month
Units Available
10 Rentals
Deerfield Meadows is an affordable neighborhood in Colorado Springs with an average rent price of $917. Compare this to the city average of $1,282. Deerfield Meadows provides easy access to UC Colorado Springs, Fountain Creek Nature Center, and Cheyenne Mountain Zoo.
Valley Vista
Average Rent
$928/Month
Units Available
16 Rentals
If you’re looking for a great, affordable neighborhood in Colorado Springs, Valley Vista might be the perfect place! It has an average rent price of $928, while the city’s average stands at $1,282. Valley Vista is near Pikes Peak C.C., Downtown, Colorado College, and Colorado Technical University.
Stratton Meadows
Average Rent
$930/Month
Year-Over-Year Rent Change
1.5%
TransitScore® Rating
34/100
Units Available
33 Rentals
Stratton Meadows is a top choice for budget-conscious renters for a variety of reasons. The average rent in Stratton Meadows is $930 while the city average is $1,282. This is a -1.5% difference from last year. Residents enjoy convenient access to City of Colorado Springs Municipal, Broadmoor Shoppes, and Monument Valley Park. The neighborhood is considered somewhat walkable with a WalkScore® of 63.
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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.