Apartments for Rent in Palmer Lake, CO

Prices and availability in Palmer Lake, CO were last updated on 2 Aug 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 residents are renting compared to 90% owning a home, according to data from the U.S. Census Bureau. Large-scale apartment buildings with more than 50 units represent none of Palmer Lake's rentals, 12% are small-scale complexes with under 50 units, and 74% are single-family rentals.

The age and size of multifamily buildings are among the most visible characteristics of the rental market in a city. In this case, the apartment buildings in Palmer Lake are about 10 years old, on average. Of these, 91% have been built since 2000, representing the newer options on the market and typically offering more amenities. Rental buildings in the city have an average height of 3 stories. About all of the rental communities here are low-rise, garden-style communities, none are mid-rises, and none are high-rise buildings. These are true especially for large-scale multifamily buildings with over 50 apartments.

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.