East Colorado Springs renters looking for the least expensive areas to rent should look for the areas towards the red end of the spectrum on the rent cost map. Those who don't mind paying for high-end and luxury apartments should seek out apartments in dark green areas.
On average, the cost of rent in East Colorado Springs is about $1,155 per month. This puts it in the 11th percentile compared to the city average cost of rent, which is $1,559. Households in East Colorado Springs have a median income of $4,554 per month so the average renter in East Colorado Springs is spending roughly 25% of their earnings on housing.
Nationally, and in East Colorado Springs, home values are the data point most closely correlated with the cost of rent. The median price of a home in East Colorado Springs is $338,002 right now, which is higher than nearby neighborhoods, meaning that rents in East Colorado Springs also tend to be higher versus these nearby neighborhoods.
Higher rent prices are common in the northwestern parts of East Colorado Springs while lower rent rates are often available in southwestern areas.
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