Cheap Apartments for Rent in 81240
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Apartments For Rent Near 81240
We found 30 more apartments matching your filters just outside 81240
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INCOME RESTRICTED$640 - $719/mo
1-4 Beds
1-2 BathsHampton Village Apartments | 1624 Hampton S #38f130b9c,
Colorado Springs, CO 80906
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PET FRIENDLY$700 - $800/mo1 Bed1 BathPark Ridge Apartments | 2602 W Serendipity Cir #354-G,
Colorado Springs, CO 80917
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PET FRIENDLY$742 - $799/moStudio-1 Bed1 Bath1726 Clemson Drive | 1726 Clemson Dr #305,
Colorado Springs, CO 80909
Average Rent Trends in 81240
Rent in 81240 varies by number of bedrooms and home type. Use these charts to quickly see how rent changes.
Average rent increased in Jun 2026 compared to the previous month. Rent previously peaked in Feb 2026.
| Month | Average rent |
|---|---|
| May 2025 | $1,700 |
| Jul 2025 | $2,600 |
| Sep 2025 | $1,695 |
| Oct 2025 | $1,695 |
| Nov 2025 | $677 |
| Dec 2025 | $700 |
| Jan 2026 | $1,700 |
| Feb 2026 | $3,800 |
| Mar 2026 | $2,200 |
| Apr 2026 | $1,400 |
| May 2026 | $1,400 |
| Jun 2026 | $1,700 |
Average Rent By Bedroom and Home Type
In June 2026, Apartments and Condos were the most affordable home type to rent compared with Houses.
| 1 bed | 2 beds | 3 beds | 4 beds | All | |
|---|---|---|---|---|---|
| All home types | $800 | $1,700 | $2,371 | $3,300 | $800 |
| Apartments and Condos | $800 | $1,700 | — | — | $800 |
| Houses | — | — | $2,371 | $3,300 | $2,371 |
Frequently Asked Questions about Rentals in 81240
- What is the average rent of an apartment in 81240?The average rent of an apartment in 81240 is $800 per month. This is about 59% lower than the national average.
- What is the average rent of a house in 81240?The average rent of a house in 81240 is $2,371 per month. This is about 22% higher than the national average.
- When is the average rent cheapest in 81240?In the last year, the average rent in 81240 was lowest in Nov 2025 when it was $677 per month.
- When is the average rent most expensive in 81240?In the last year, the average rent in 81240 was highest in Jan 2025 when it was $2,600 per month.
- How does the rent of a 1 bedroom apartment compare to a studio apartment in 81240?The average rent of a 1 bedroom apartment in 81240 is $800 per month. That is about $175 more than the cost of a studio apartment.
- How many available rental listings are in 81240?There are 4 available rental listings in 81240.
- What are some cities near 81240?Some nearby cities include: Penrose, Florence, Brookside, Williamsburg, Coal Creek, Rockvale. These cities may have more rental options to explore.