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Apartments for Rent in Colorado under $500

4 Rentals Available
Apartments for Rent in Colorado under $500. 4 Rentals Available
  • a sign that reads buy sell trade lease
    Today

    Banana Manor, Manitou Springs, CO 80829
    1 BED $450
  • a yellow house with a blue roof and a porch
    Today

    508 Pearl St., Boulder, CO 80302
    STUDIO $40
  • a living room with a couch and a chair and a window
    Today

    2791 W 52Nd Avenue, Bldg 1-103, Denver, CO 80221
    Income Restricted
    1 BED Ask for Pricing
    2 BEDS Ask for Pricing
  • a circle of grass in front of an apartment building
    Today

    505 9Th Ave, Greeley, CO 80631
    Income Restricted
    1 BED Ask for Pricing
4-0-state
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Getting around in Colorado, CO

13 /100
Somewhat Bikeable
Bike Score®: 13

Frequently asked questions

When were prices and availability in Colorado last updated?

Prices and availability in Colorado were last updated on 21 Feb 2026.

What are the best apartments in Colorado?

The best apartments in Colorado are: Villages at Gateway, Sofi Belmar, The Alpine, 1465 Jersey and Velo Apartments.

What type of rental buildings are in Colorado?

In Colorado 34% of the housing is rented out compared to 66% of homes are owned, according to the most recent Census Bureau estimates. 17% of Colorado's apartments are found in large buildings of 50 units or more, 55% are located in smaller apartment complexes with less than 50 units, and 25% are single-family rentals.

Search for apartments in Colorado under $500

There’s more than one way to spend $500 on rent in Colorado, so the first step is to start thinking about what you really want from your new home. Be mindful of what makes you tick. Look for 2 bedroom apartments for rent for less than $500 if you want to share your living space and don’t mind being further away from the city center. Search for 3 bedroom apartments if you’re moving in with family or planning to share part of your life and living expenses with more friends. If city bustle is what you live for, you might want to search for a studio or 1 bedroom apartment closer to the city center.

The perfect $500 rental near you

Don’t dismiss the idea of a studio just because it sounds small and featureless: studios come in many shapes and sizes, and it only takes a few strikes of creativity to go from drab to lively. If an all-in-one-room apartment spells total lack of privacy for you, have a look at the 1 bedroom apartments for rent in Colorado. Customize your search by using more RentCafe filters. Decide what amenities you can’t live without and focus your search on the apartments that offer them. Are you bringing in a pet? Narrow your options to pet-friendly apartments for rent. Want more windows so that natural light floods your home? Hardwood floors or plush carpet in the living area? There are 4 apartments for rent below $500 in Colorado for every taste. Decide what you need, stay focused, and you’re bound to find your perfect apartment in no time.

Finding a home nearby is easier than you think. Check out our Apartments Near Me page and take your pick!