Known as Olympic City USA, Colorado Springs sits at the foot of the majestic Rocky Mountains, providing stunning views, countless hiking trails, and easy access to nature. Whether you’re drawn to the crisp mountain air or the camaraderie of a community that loves the great outdoors, this city invites you to make it your home.
Five affordable neighborhoods in Colorado Springs are:
Knob Hill
- Average 1-bedroom rent in Colorado Springs: $1,304/month
- Average 1-bedroom rent in Knob Hill: $903/month
- Median Home List Price in Knob Hill: $385,000
In Knob Hill you’ll find artistic energy and a strong sense of community. The streets are sprinkled with murals and unique architecture that reflect the neighborhood’s creative spirit. While it doesn’t have the hustle and bustle of downtown Colorado Springs, Knob Hill manages to remain lively in its own way. Fun fact: Nikola Tesla, the famous 19th-century inventor after whom Tesla, Inc. is named, built a hub here to experiment with high-voltage electricity!
Things to do in Knob Hill
Take a stroll on Platte Avenue through the Knob Hill Urban Arts District, where individual artists and teams have painted dozens of street murals. From there, head over to the Olympic & Paralympic Training Center, where you can take a guided tour and experience the inspiring stories of world-class athletes training in your backyard. If the outdoors is calling your name, Prospect Lake at nearby Memorial Park offers paddleboarding, jogging paths, and plenty of space to bask in the sunshine.
If you’re a foodie, Knob Hill is ideal for a weekend grub crawl. Grab authentic Mexican cuisine at Tacos El Amigo, where the birria tacos are described as to die for. Savor the exotic flavors of Uchenna Eritrean Restaurant for a culinary trip to Ethiopia—but just like air travel, a reservation is required!
Transportation
Public transportation is provided by Mountain Metro Transit, which operates numerous bus routes connecting Knob Hill to other parts of the city. Riders can use the "My Next Bus" feature for real-time updates on bus arrivals and plan their trips conveniently. For those who prefer driving partway, Park-n-Ride lots are available, allowing commuters to park their vehicles and hop on a bus for the rest of their journey.
Biking is a popular choice, with dedicated bike lanes and paths in the area. For eco-conscious commuters, electric vehicle charging stations are accessible throughout Colorado Springs. These options not only make commuting easier but also contribute to reducing traffic congestion and improving air quality.
Southborough
- Average 1-bedroom rent in Colorado Springs: $1,304/month
- Average 1-bedroom rent in Southborough: $907/month
- Median Home List Price in Southborough: $360,000
Southborough’s location makes it a standout in Colorado Springs. Just a few miles from downtown, the neighborhood is conveniently close to the Colorado Springs Airport, Peterson Space Force Base, and Fort Carson.
Things to do in Southborough
One of Southborough’s highlights is its abundance of parks. Deerfield Hills is a neighborhood favorite. This 13-acre park features a splash pad for summer fun, athletic courts, picnic areas, and a playground. After burning off calories at the park, refuel by grabbing taco burgers and fresh-cut fries at Felipe’s 109.
For those who love to shop, the Citadel Mall has over 100 vendors, including national retail brands and eateries. Live performances can be found at the nearby Broadmoor World Arena, with shows like rock concerts and Monster Jam.
Transportation
Southborough is close to some of the key thoroughfares in Colorado Springs, making car travel quick and efficient. Milton E. Proby Parkway forms the southern boundary of the neighborhood, connecting directly to Interstate 25, the city’s main highway. Local Mountain Metro Transit bus routes service the neighborhood, providing connections to the Colorado Springs Airport.
Spring Creek
- Average 1-bedroom rent in Colorado Springs: $1,304/month
- Average 1-bedroom rent in Spring Creek: $933/month
- Median Home List Price in Spring Creek: $375,000
Spring Creek was developed on a 135-acre greenfield site southeast of Colorado Springs. Originally, the land was slated for a regional mall, but it was reimagined into a residential community emphasizing walkability and sustainability. This neighborhood features narrow streets and a pedestrian-friendly layout.
Things to do in Spring Creek
Designed as a walkable community, Spring Creek actively brings neighbors together through organized community events like food trucks and yard sales. On the weekends, you can pick up fresh produce at the local farmer’s market. The neighborhood is also close to local favorites like Amy’s Donuts and Colorado Kernels gourmet popcorn.
Spring Creek is surrounded by parks and recreational facilities, including the Valley Hi Golf Course, which features Prospect Lake and a U.S. Olympic cycling velodrome. Don’t miss Memorial Park’s annual Labor Day hot air balloon event.
Transportation
One of Spring Creek’s biggest perks is its proximity to major roads. U.S. Highway 24 runs right through the neighborhood, linking drivers to Interstate 25, Colorado’s well-traveled north-south highway.
The Metro has several bus stops throughout Spring Creek, connecting passengers to routine destinations like shopping hubs and employment centers. Key bus stops along Capulin Drive, South Circle Drive, and East Fountain Boulevard make it easy to get where you need to go.
Palmer Park
- Average 1-bedroom rent in Colorado Springs: $1,304/month
- Average 1-bedroom rent in Palmer Park: $1,117/month
- Median Home List Price in Palmer Park: $394,750
Palmer Park emerged as a place for those seeking a balance between city access and a quieter neighborhood lifestyle. While ranch homes make up a significant portion of the area’s residences, you’ll find a selection of Craftsman-style bungalows sprinkled throughout the area.
Things to do in Palmer Park
Within the Palmer Park neighborhood sits Palmer Park, an outdoor lover’s dream with over 700 acres and 25 miles of rugged dirt trails for hiking, biking, and horseback riding. A trek up the mountainous terrain will reward you with sweeping views of the majestic Rockies. Stay until sunset to catch a stunning, colorful view of the horizon.
For late night indoor fun, catch a movie at Cinemark Carefree Circle, which features a few movies in either XD or IMAX. Before heading home, pick up a few cheeseburgers to go from In-N-Out Burger, less than a mile away.
Transportation
The Palmer Park neighborhood is well-connected with major roads and highways. It provides easy access to Academy Boulevard, a critical artery in Colorado Springs, as well as nearby thoroughfares that connect to Interstate 25.
Palmer Park is a pedestrian-friendly neighborhood with a mix of outdoor trails and sidewalks that weave through residential and commercial zones. For those heading to other parts of the city, the transit system provides an affordable way to get around. Bus stops are conveniently located along main roads.
Ivywild
- Average 1-bedroom rent in Colorado Springs: $1,304/month
- Average 1-bedroom rent in Ivywild: $1,146/month
- Median Home List Price in Ivywild: $399,950
Once a small, independent town in the early 1900s, Ivywild was annexed by Colorado Springs and has since evolved into one of the city’s most unique and dynamic districts. Despite its growth over the years, Ivywild has maintained a close-knit and quaint atmosphere.
Things to do in Ivywild
Start with a visit to the Ivywild School, a historic elementary school reimagined as a community hub. Inside, you’ll find a mix of dining and entertainment options, such as Bristol Brewery for craft beer enthusiasts. This lively space often hosts live music, events, and classes, making it a central spot in the community.
For those who appreciate the arts, the Millibo Art Theatre is a must-visit. Known for its cozy setting, this theater offers an assorted lineup of performances, including improv, live music, and acrobatics. Art lovers will also enjoy wandering the streets of Ivywild, where local art studios showcase the creativity that defines this neighborhood.
Transportation
Walking is a fantastic way to get around Ivywild, thanks to its pedestrian-friendly layout. With its compact streets, you can comfortably walk the neighborhood, whether you’re running errands or enjoying a leisurely stroll. Several Mountain Metro bus routes serve the Ivywild neighborhood, providing connections to downtown Colorado Springs.
Cyclists will find Ivywild accommodating, with bike-friendly streets and access to nearby trails. Driving in Ivywild is straightforward, with well-maintained roads and easy access to major thoroughfares. South Tejon Street makes it simple to connect to nearby neighborhoods.
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*Apartment rent data provided by CoStar Group’s May 2025 reports
