Apartments for Rent in Palmer Lake, CO

Prices and availability in Palmer Lake, CO were last updated on 15 Sep 2026.

The best apartment in Palmer Lake, CO is: 137 Columbine Road.

The average rent in Palmer Lake, CO is $1,787.

In Palmer Lake 10% of the housing is rented out compared to 90% of homes are owned, according to the most recent Census Bureau estimates. none of Palmer Lake's apartments are found in large buildings of 50 units or more, 12% are located in smaller apartment complexes with less than 50 units, and 74% are single-family rentals.

The average age of rental buildings in Palmer Lake is 10 years old, with 91% being newer apartment buildings completed since 2000. The average height of apartment buildings in the city is 3 stories, of which all are garden-style apartment communities, none are mid-sized buildings, and none are high-rises. These characteristics describe large-scale apartment communities of 50 apartments or more.

Rental apartments in Palmer Lake come in a range of sizes and floorplans. Studio apartments represent 0% of units for rent, ideal for singles, renters on a budget and people who value central locations more than space. Rentals with 1-bedroom floorplans make up 36% of the total apartments in the city, while 2-bedroom floorplans represent around 56% of all rentals in Palmer Lake. The rest are larger floorplans with 3 bedrooms or more, typically preferred by families, larger households or roommates sharing space.