Save Search

Apartments for Rent in Colorado under $500

Quick filters
  • 16 units available
    Studio $100
    Base rent
    Verified Listing

    Rico Hotel

    4.5 (5)
    124 S. Glasgow Ave, Rico, CO 81332
    Apply online • Pet friendly
  • Only 1 unit left
    Studio $350
    Base rent
    Verified Listing

    224 Clark Street

    224 Clark Street, Pueblo, CO 81003
    Apply online
  • 2 bd $156
    Base rent Income restricted
    Verified Listing

    Redi 17th Street

    4.0 (5)
    1700 High St, Denver, CO 80206
  • 2 bd $156
    Base rent Income restricted
    Verified Listing

    Redi Properties

    1555 N Lafayette St #105, Denver, CO 80218
    Laundry Facilities
  • Ask for Pricing
    Income restricted
    Verified Listing

    The Iron Horse

    821 Maroon Drive, Alamosa, CO 81101
    Pet friendly • Fitness center • Dishwasher
  • 1 bd $475+
    Base rent
    Verified Listing

    Shannon Terrace Apartments

    Shannon Terrace Apartments, Englewood, CO 80110
    Pet friendly
  • Studio $100+
    Base rent
    Verified Listing

    The CoMo Building

    5.0 (2)
    524 Galena Street, Frisco, CO 80443
    Cat friendly
  • 2 bd $425
    Base rent
    Verified Listing

    1202 Firefly Circle

    1202 Firefly Circle, Colorado Springs, CO 80916
    Pet friendly
  • 8-0-state
Explore popular searches
By lifestyle & amenities

Frequently asked questions

When were prices and availability in Colorado last updated?

Prices and availability in Colorado were last updated on 25 Oct 2026.

What are the best apartments in Colorado?
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. 18% 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 24% 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 8 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.