West 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 West Colorado Springs is about $1,112 per month. This puts it in the 10th percentile compared to the city average cost of rent, which is $1,559. Households in West Colorado Springs have a median income of $4,607 per month so the average renter in West Colorado Springs is spending roughly 24% of their earnings on housing.
Nationally, and in West Colorado Springs, home values are the data point most closely correlated with the cost of rent. The median price of a home in West Colorado Springs is $307,797 right now, which is lower than nearby neighborhoods, meaning that rents in West Colorado Springs also tend to be lower versus these nearby neighborhoods.
Higher rent prices are common in the northeastern parts of West Colorado Springs while lower rent rates are often available in central areas.
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