With a population of 375,000 and a median household income of $45,000, Colorado Springs blends the best of urban living with the stunning natural beauty that is Colorado’s hallmark. The city is located at an altitude of 6,000 feet at the base of Pikes Peak, one of the most famous mountains in the country and the scenic centerpiece of Colorado Springs. From its founding in 1871, Colorado Springs has developed from a quaint, Victorian resort town to a sophisticated city that retains its small-town charm.
Quality of Life
It’s been called the “fittest city in the nation” and the second most tech-savvy place in the United States. If beautiful surroundings, short commute times and a wired atmosphere are qualities that appeal to you, Colorado Springs may prove to the perfect spot to look for apartments for rent. With more than 250 days of sunshine annually, Colorado Springs boasts mild temperatures with very few extremes in temperature. The mild climate and clean air are the perfect setting for year-round outdoor recreation. Local attractions include the Garden of the Dogs Park full of massive red sandstone formations, the Manitou Cliff Dwellings where you can see how the first Coloradoans lived, and of course Pikes Peak, the city’s most famous landmark. Depending on how adventurous you are, you can ride a cog railway to the top, hike up portions on your own two feet, or simply drive up slowly and appreciate the stunning views.
Where the Jobs Are
In recent years, high-tech industries have become major employers in Colorado Springs, with the city boasting the seventh largest number of high-tech workers per capita, as well as the second highest rate of home Internet use in the nation. Other major employers include the U.S. Air Force Academy, U.S. Space Command, manufacturing, tourism, business services, education and residential construction. Forbes Magazine recently ranked it the 10th best city to conduct business in.
Cost of Living & Apartment Prices
Residents here enjoy a high quality of life thanks not only to beautiful surroundings and good economy but also the low cost of living and affordable apartments for rent. Colorado Springs enjoys an overall cost of living that’s 29% below the national average, a better rate than either Denver or Boulder. Apartment rentals are also lower-priced here than in Denver, with many choices starting in the $300-400 range, with the average price for apartments at $640 per month. If luxury is your goal, you can find posh townhouses and amenity-rich apartments with rents that are pricey, but not impossible—think $800 and up.
Neighborhoods to Explore
Apartments for rent are available throughout the city, but here are a few areas to pay close attention to. The northwest is an area that has enjoyed quite a bit of growth in recent decades, with lots of apartment rentals and townhouses available in the various rolling-hill and bluff neighborhoods. Downtown, also known as the central area, is an affordable area to look for housing. Check out the loft apartments and cool new condos available. Finally, take a look at the southeast area, which has an eclectic mix of ’60s houses, ’70s apartments, modern condos, high-rise apartments and state of the art concept homes in specially designed communities.