Memorial Park

Colorado Springs, CO

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Memorial Park - Colorado Springs, CO Area Guide

One of Colorado Springs’ best greenspaces

Outdoors Great Location Scenic Affordable

Anchored by its dynamic namesake greenspace, Memorial Park offers residents with plenty of outdoor recreation opportunities. Memorial Park is packed with facilities. Along with sports fields and courts, a beach, and an indoor ice-skating rink, Memorial Park is home to the Olympic Velodrome, a 10,000 square feet cycling center. The park is also home to one of Colorado’s biggest skateparks and the Balloon Classic, an annual hot air balloon festival. For even more to do outdoors, the neighborhood rests beside the Valley Hi Golf Course. Attracting even more renters, Memorial Park is just two miles east of Downtown Colorado Springs, giving residents easy access to dining and nightlife. Memorial Park provides plenty of homes and apartments for rent. There are rentals available for every budget, but the neighborhood is known for its shocking affordability despite its excellent location. Interstate 5 lies just a short distance to the west, so you can easily commute into Denver or other areas of Colorado Springs as well.

Rent Trends

As of April 2026, the average apartment rent in Memorial Park is $746 for a studio, $1,076 for one bedroom, $1,219 for two bedrooms, and $1,781 for three bedrooms. Apartment rent in Memorial Park has decreased by -1.8% in the past year.

  • Studio

  • 363 sq ft

    Average Sq Ft

  • $746/month

    Average Rent

  • 1 BR

  • 588 sq ft

    Average Sq Ft

  • $1,076/month

    Average Rent

  • 2 BR

  • 955 sq ft

    Average Sq Ft

  • $1,219/month

    Average Rent

  • 3 BR

  • 1,169 sq ft

    Average Sq Ft

  • $1,781/month

    Average Rent

Getting Around

Fairly Walkable

Walkability

50 / 100

Limited Public Transit

Transit

30 / 100

Exceptionally Drivable

Drivability

100 / 100

Moderately Bikeable

Bikeability

70 / 100

Daily Essentials

Supermarket Within a 20 Minute Walk

Groceries

50 / 100

Fair Restaurant Variety Nearby

Restaurants

50 / 100

Fair Café Variety Nearby

Cafes

40 / 100

Fair Variety of Shops Nearby

Shopping

50 / 100

Local Vibe

Mostly Calm Atmosphere

Vibrancy

30 / 100

Limited Nightlife Variety Nearby

Nightlife

30 / 100

Very Noisy

Quiet Score

30 / 100

Points of Interest

Parks and Recreation

  • Monument Valley Park
  • Bear Creek Regional Park
  • Palmer Park
  • North Slope Recreation Area
  • Bear Creek Nature Center

Airports

  • City of Colorado Springs Municipal

Top Apartments in Memorial Park

Houses for Rent in Memorial Park

Property Management Companies

Search Nearby Rentals

Methodology

† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.

Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.

Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in February 2026.

Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.