Colorado Springs, CO, a Rocky Mountain West haven, has risen in popularity for those looking to rent or buy a home in the state. With its easy access to all Colorado has to offer and iconic views of Pikes Peak, it shouldn’t come as a surprise nearly 500,000 people call this vibrant city home. As more people move to Colorado Springs, it’s important to keep in mind that the median home sale price is $465,000, and the average rent for a 2-bedroom apartment is $1,500.
If you’re looking for a suburb that’s more affordable or similar in price to Colorado Springs, we’ve got you covered. We’ve collected the seven most affordable Colorado Springs suburbs to consider moving to. And the best part is that they’re all less than 40 minutes away from the city center. Keep reading to learn if one of these suburbs is right for you.
#1: Stratmoor
Median home price: $352,000
Driving distance from Colorado Springs: 10 minutes
Stratmoor, CO homes for sale
Stratmoor, CO apartments for rent
With a median home sale price that’s more than $100K less than Colorado Springs, Stratmoor claims the first spot on our list of affordable Colorado Springs suburbs. About 6,500 people live in this suburban area, and you’ll only be about 10 minutes away from downtown. Living in Stratmoor, you can spend time exploring Stratmoor Valley Park and Trailhead or Quail Lake Park.
#2: Security-Widefield
Median home price: $428,000
Driving distance from Colorado Springs: 15 minutes
Security-Widefield, CO homes for sale
Security-Widefield, CO apartments for rent
Security-Widefield is Colorado Springs’s second most affordable suburb. About 15 minutes from downtown Colorado Springs, you’ll be back in the city in just a quick drive. Some popular parks in Security-Widefield are Widefield Community Park and Quail Lake Park. When living in this suburb of 40,000 people, you can also spend the day checking out the charming downtown.
#3: Fountain
Median home price: $440,000
Driving distance from Colorado Springs: 15 minutes
Fountain, CO homes for sale
Fountain, CO apartment for rent
15 minutes outside of the city, you’ll find yourself in the suburb of Fountain. Even with a population of about 32,000, there are plenty of unique spots to visit in Fountain. If you find yourself moving to the third most affordable suburb, make sure to visit Fountain Creek Regional Park.
#4: Cimarron Hills
Median home price: $425,000
Driving distance from Colorado Springs: 15 minutes
Cimarron Hills, CO homes for sale
Cimarron Hills, CO apartments for rent
Cimarron Hills, the next suburb on our list, is a little more expensive than Fountain. With roughly 18,500 residents in this Colorado Springs suburb, make sure to stop by Mosko Park and Lost Island Adventure Park for an afternoon of fun. And weekend trips into downtown Colorado Springs won’t take you too long, only about 15 if you’re lucky to catch a traffic-free drive.
#5: Calhan
Median home price: $475,000
Driving distance from Colorado Springs: 40 minutes
Calhan, CO homes for sale
Calhan, CO apartments for rent
Only a 40-minute drive into the city, consider adding Calhan to your list of Colorado Springs suburbs to consider living in. Home to 900 residents, this affordable town can be an excellent choice for people looking to remain close to Colorado Springs. In Calhan, you can spend the day in the Calhan Paint Mines Archeological District or at the El Paso County Raceway.
#6: Ellicott
Median home price: $487,000
Driving distance from Colorado Springs: 30 minutes
Ellicott, CO homes for sale
Ellicott, CO apartments for rent
A recognizable Colorado Springs suburb is Ellicott, where the home prices are about 20k more than in Colorado Springs. Home to roughly 1,000 people, Ellicott is a great suburb to consider moving to. From Corral Bluffs Nature Preserve to favorite local restaurants, you won’t get tired of all the things this great area has to offer.
#7: Gleneagle
Median home price: $565,000
Driving distance from Colorado Springs: 20 minutes
Gleneagle, CO homes for sale
Gleneagle, CO apartments for rent
Rounding out our list of affordable Colorado Springs suburbs is none other than Gleneagle. With a population of nearly 7,000, Gleneagle is an excellent area to live in that’s not nearly as big as Colorado Springs. Don’t miss out on visiting Fox Run Regional Park and exploring the Western Museum of Mining & Industry once living here.
Methodology: Affordability is based on whether a suburb is less than the median sale price of Colorado Springs and under a 40-minute drive from downtown Colorado Springs. Median home sale price data from the Redfin Data Center during June 2022. Rent data from Rent.com June 2022. Population data sourced from United States Census Bureau.
