10 Cheapest Places to Live in Colorado [2025]

Are you thinking of moving to Colorado? It's easy to see why the Centennial State is so popular. Its vivid landscape, filled with rivers, plateaus, canyons, mountains, and forests, attracts new residents constantly. Who wouldn't want to live amidst such beauty? However, before you pack your bags, it's essential to consider a few key factors, most importantly, the cost of living and where you'd like to settle down.

While Colorado, especially hotspots like Denver and Boulder, is known for its stunning scenery and thriving cities, this beauty often comes with a high price tag. Fortunately, some of the best places to live in Colorado are also surprisingly affordable. This guide explores some of these gems, highlighting 10 of the cheapest places in Colorado to live. Read on to find cities and towns where rental costs are more budget-friendly, offering a lower cost of living without sacrificing access to Colorado’s renowned outdoor recreation, job opportunities, and overall quality of life.

Note: The data provided below comes from our rent estimates. These numbers expand beyond those listed on our platform. For further information, learn about our methodology.

10 Cheapest Places to Live in Colorado

1. Pueblo

• Starting rent for a one-bedroom apartment: $699
• Starting rent for a two-bedroom apartment: $939
• Population: 111,876
• Median household income: $55,305
• Walk score: 37
• Transit score: n/a
• Bike score: 47
• Map of Pueblo

Pueblo stands out as the cheapest place to live in Colorado, offering a low cost of living compared to cities like Denver or Colorado Springs. The median rent and home prices in Pueblo are significantly more affordable, making it an attractive option for budget-conscious renters. This affordability doesn't come at the expense of quality of life, however. Pueblo boasts a rich cultural scene, including the Historic Arkansas Riverwalk, local art galleries, and annual events like the Colorado State Fair.

Located along the Arkansas River, the city also provides ample opportunities for outdoor recreation, mild winters, and a strong job market in sectors like healthcare and manufacturing. Pueblo's history as a major steel-producing hub, earning it the nickname "Steel City," is deeply ingrained in its character.

Founded in the mid-19th century, Pueblo played a vital role in Colorado’s industrial growth and became a melting pot of diverse cultures, which is still reflected in its delicious food scene and historic architecture. Today, Pueblo embraces its rich past while evolving into an affordable and dynamic place to live, offering the chance to experience Colorado living without the high price tag.

2. Cañon City

• Starting rent for a one-bedroom apartment: $725
• Starting rent for a two-bedroom apartment: $1,200
• Population: 17,141
• Median household income: $66,068
• Walk score: n/a
• Transit score: n/a
• Bike score: n/a
• Map of Cañon City

Cañon City is a budget-friendly town in Colorado known for its stunning scenery and outdoor adventures. With a lower cost of living than many larger cities in the state, it’s an appealing option for renters seeking affordability without sacrificing access to nature. The town is famous for the Royal Gorge, a breathtaking canyon that attracts hikers, rafters, and sightseers year-round. Beyond the Gorge, the area offers a variety of outdoor activities, from exploring the surrounding mountains and trails to enjoying the Arkansas River.

Cañon City's rich history, tied to mining, agriculture, and even Colorado's prison system (it's home to several correctional facilities), adds another layer of interest. A charming downtown area with local shops and restaurants contributes to the town's welcoming atmosphere, while the mild climate makes it a comfortable place to live year-round. All these factors combine to make Cañon City a great choice for those seeking to enjoy Colorado's beauty and recreational opportunities at a more affordable price.

3. Fountain

• Median rent for a one-bedroom apartment: $895
• Median rent for a two-bedroom apartment: $1,150
• Population: 26,846
• Median household income: $85,246
• Walk score: 19
• Transit score: n/a
• Bike score: 30
• Map of Fountain

Fountain offers an appealing combination of affordability, small-town charm, and convenient access to the amenities of a larger metropolitan area. Located just south of Colorado Springs, this growing city boasts a lower cost of living, including more budget-friendly rental prices, than its neighbor or Denver. This makes Fountain an excellent option for those seeking affordability without sacrificing convenience or access to job opportunities in the Pikes Peak region.

Founded as a railroad hub in the late 1800s, Fountain has retained its small-town feel while evolving into a thriving suburban community. The city is known for its family-friendly atmosphere, strong military presence due to its proximity to Fort Carson, and abundant parks and trails, providing residents with ample opportunities for outdoor recreation.

While Fountain offers a quieter, more relaxed lifestyle, residents can easily access the shopping, dining, and entertainment options of nearby Colorado Springs. Its convenient location also provides relatively easy access to the broader Front Range. With its lower housing costs, convenient location, and community-oriented atmosphere, Fountain is a compelling choice for renters seeking an affordable place to live in Colorado.

4. Grand Junction

• Starting rent for a one-bedroom apartment: $1,000
• Starting rent for a two-bedroom apartment: $1,200
• Population: 65,560
• Median household income: $66.676
• Walk score: 32
• Transit score: n/a
• Bike score: 55
• Map of Grand Junction

Grand Junction offers a compelling blend of affordability, stunning natural landscapes, and a relaxed Western Slope lifestyle. Located in western Colorado, this city provides a lower cost of living than the state's major metro areas, making it an attractive option for renters looking for affordability, without sacrificing access to incredible outdoor recreation.

Grand Junction is particularly known for its burgeoning wine industry, its proximity to the breathtaking red rock canyons of Colorado National Monument, and the nearby Grand Mesa, one of the world's largest flat-top mountains. Founded in the late 19th century as a railroad and agricultural hub, Grand Junction retains its connection to fruit growing, particularly peaches and vineyards, and is a key center for the region's agriculture.

Beyond its natural beauty and agricultural heritage, Grand Junction boasts a thriving arts scene, a revitalized downtown area with unique shops and restaurants, and a plethora of outdoor activities, from mountain biking and hiking to rafting and exploring the surrounding canyons and mesas. The slower pace of life contributes to Grand Junction's appeal, making it a great choice for those seeking both affordability and adventure in a stunning Colorado setting.

5. Greeley

• Median rent for a one-bedroom apartment: $1,078
• Median rent for a two-bedroom apartment: $1,389
• Population: 108,795
• Median household income: $68,650
• Walk score: 30
• Transit score: n/a
• Bike score: 47
• Map of Greeley

With a lower cost of housing than nearby Boulder or Fort Collins, Greeley presents a more budget-friendly option for renters seeking a city with a rich history and a growing economy. Founded in the 1860s as an agricultural colony, Greeley's roots in farming and ranching remain evident today, and the city continues to serve as a hub for these industries. This history is reflected in its charming historic downtown and local events.

Adding to Greeley's dynamism is the presence of the University of Northern Colorado (UNC). The university not only boosts the local economy by providing jobs and attracting visitors to cultural events like the UNC Jazz Festival and sporting events, but also fosters a connection to the wider academic community.

Beyond its agricultural heritage and university influence, Greeley has evolved into a vibrant urban area with a thriving arts scene, local breweries, and plenty of parks and recreation options. All these elements, combined with its affordable housing and strong local economy, give Greeley a great balance of city amenities and small-town charm, making it a dynamic and appealing place for renters seeking an affordable yet energetic town.

6. Colorado Springs

• Median rent for a one-bedroom apartment: $1,150
• Median rent for a two-bedroom apartment: $1,346
• Population: 478,961
• Median household income: $83,198
• Walk score: 36
• Transit score: 19
• Bike score: 45
• Map of Colorado Springs

Nestled at the base of Pikes Peak in the Rocky Mountains, Colorado Springs is one of the top places to live in Colorado, attracting both young professionals and families. The city offers a unique blend of metropolitan convenience, rugged history, and stunning natural beauty, with iconic landmarks like Pikes Peak and Garden of the Gods. It's no surprise that Pikes Peak inspired the song "America the Beautiful."

The city’s thriving economy is anchored by strong sectors in defense, technology, and healthcare, while housing costs, including rent, are more affordable than in nearby Denver. Colorado Springs offers a range of rental options, from apartments to suburban homes. For outdoor enthusiasts, the city is a haven, with world-class hiking trails like Red Rock Canyon and Pulpit Rock Park, as well as family-friendly playgrounds such as the America the Beautiful Park Fantasy Playground. In addition to outdoor adventures, residents can explore cultural gems like the National Museum of World War II Aviation, Glen Eyrie Castle, and the Olympic Training Center.

7. Fort Collins

• Median rent for a one-bedroom apartment: $1,258
• Median rent for a two-bedroom apartment: $1,420
• Population: 169,810
• Median household income: $83,598
• Walk score: 37
• Transit score: 28
• Bike score: 78
• Map of Fort Collins

Founded in 1864, Fort Collins has preserved much of its historic charm, showcased in its Victorian-era downtown, trendy shops, and dynamic dining scene. Legend has it that French-Canadian fur traders lightened their loads by burying gunpowder along the Cache la Poudre River, a name that translates to “hide the powder.” Once a stop for travelers along the Overland Trail, the area grew into a thriving agricultural center with the arrival of the Colorado Railroad in 1877. Today, Fort Collins still embraces its western roots, earning recognition as a National Trust for Historic Preservation "Dozen Distinctive Destination."

Located near Denver and the Rocky Mountain foothills, Fort Collins attracts professionals, families, and students alike. Colorado State University adds a youthful energy while fueling the local economy with top research facilities and a steady talent pipeline. The city also boasts a growing tech industry, a strong manufacturing sector, and government job opportunities. Outdoor enthusiasts enjoy 285 miles of trails, while Fort Collins' famous craft beer scene offers a perfect post-adventure reward. Old Town Fort Collins is a hub for festivals, breweries, and monthly Art and Foodie Walks, making it a lively cultural hotspot. With its affordable cost of living, strong job market, and abundant recreation, Fort Collins is an ideal choice for renters seeking the best of Colorado living.

8. Aurora

• Median rent for a one-bedroom apartment: $1,297
• Median rent for a two-bedroom apartment: $1,641
• Population: 386,261
• Median household income: $84,320
• Walk score: 43
• Transit score: 35
• Bike score: 53
• Map of Aurora

Aurora, Colorado’s third-largest city, offers a diverse and growing community just east of Denver, earning nicknames like the "Gateway to the Rockies" and "Sunrise of Colorado." Spanning Douglas, Arapahoe, and Adams counties, it provides a more affordable cost of living within the Denver metro area, making it an attractive option for renters seeking budget-friendly housing while staying close to city amenities and job opportunities. Far from being just a suburb, Aurora boasts a thriving arts and culture scene, with venues like the Vintage Theatre, Aurora Fox Arts Center, and the Aurora History Museum offering rich cultural experiences.

Craft beer lovers will find plenty to enjoy at Ursula Brewing, Launch Pad Brewery, Pilothouse Brewing, and Dry Dock Brewing Co., while Haykin Family Cider offers a refreshing alternative. Outdoor enthusiasts can explore Bluff Lake Nature Center, Aurora Reservoir, Quincy Reservoir, and the Cherry Creek Trail Loop, with additional recreation available at Cherry Creek State Park and the Rocky Mountain Arsenal National Wildlife Refuge. Known for its suburban neighborhoods, parks, and recreational facilities, Aurora also offers top-tier healthcare at the University of Colorado Hospital and Children’s Hospital Colorado. With its affordability, easy Denver access, and a variety of cultural and outdoor opportunities, Aurora provides an ideal balance of suburban peace and urban convenience for renters.

9. Longmont

• Median rent for a one-bedroom apartment: $1,357
• Median rent for a two-bedroom apartment: $1,593
• Population: 98,885
• Median household income: $89,724
• Walk score: 39
• Transit score: 25
• Bike score: 58
• Map of Longmont

Longmont, nicknamed LOCO, offers an appealing mix of affordability, small-town charm, and proximity to Boulder, Denver, and Fort Collins. Located about 40 miles from each city, Longmont provides a budget-friendly alternative while still granting access to major job markets. Founded in 1870 by Chicago settlers who formed the Chicago-Colorado Colony, the town thrived thanks to an innovative irrigation system that transformed its dry but fertile land into a hub for agriculture, mills, and canneries.

Today, Longmont has a diverse economy, with thriving sectors in tech, manufacturing, healthcare, retail, and education. Families are drawn to its highly rated schools, while the city’s agricultural roots remain strong through farm-to-table dining, sustainable farming, and agrotourism experiences. Cultural highlights include art galleries, the Longmont Symphony Orchestra, and year-round festivals, along with a flourishing craft beverage scene featuring breweries, distilleries, and a cidery. Outdoor enthusiasts enjoy hiking, biking, and kayaking on Union Reservoir, with additional recreation at St. Vrain State Park and Rabbit Mountain. Longmont’s charming downtown, packed with local shops, restaurants, and breweries, adds to its inviting atmosphere. With affordable living, family-friendly amenities, and abundant outdoor activities, Longmont strikes a perfect balance between tranquility and city access.

10. Lakewood

• Median rent for a one-bedroom apartment: $1,484
• Median rent for a two-bedroom apartment: $1,665
• Population: 155,984
• Median household income: $85,789
• Walk score: 43
• Transit score: 31
• Bike score: 56
• Map of Lakewood

Lakewood began in the late 19th century as a retreat for the wealthy but quickly grew into a thriving year-round community with the arrival of the Denver Tramway Corporation and industries like the Remington Arms Company (now the Denver Federal Center). Today, its convenient location less than eight miles from downtown Denver makes it a popular choice for professionals and families seeking a balance between city access and a laid-back lifestyle. With major employers in federal agencies, healthcare, and manufacturing, along with a projected 44.1% job growth, Lakewood offers strong career opportunities.

Despite its urban proximity, Lakewood boasts stunning outdoor recreation at Bear Creek Lake Park and Green Mountain, as well as vibrant shopping and entertainment in the Belmar Downtown District and 40 West Arts District. The city has evolved into a well-rounded suburban community with a wide-array of amenities, excellent schools, and a lower cost of living than Denver—making it an attractive option for renters who want affordability without sacrificing convenience.

Find Your Next Apartment in Colorado

Finding an affordable apartment in Colorado doesn’t have to be a challenge. Whether you're looking for a budget-friendly option in a city like Pueblo or seeking a home in the more suburban areas around Denver, Apartment List offers a wide range of listings to help you find the perfect place to call home.

Start your search today by taking the Apartment List quiz and find a place that fits both your lifestyle and budget, so you can enjoy all the beauty and opportunities that Colorado has to offer.

Cheapest Places to Live in Colorado FAQs

What city in Colorado has the lowest cost of living?

The city in Colorado with the lowest cost of living is Pueblo. Pueblo’s cost of living is currently 7.88% lower than the statewide average.

What is the cost of living in Colorado?

The cost of living in Colorado varies widely depending on the city or region, but overall, it tends to be higher than the national average (currently 6.1% higher). Cities like Denver, Boulder, and Colorado Springs have a relatively high cost of living, particularly when it comes to housing, utilities, and transportation. However, more affordable areas like Pueblo, Cañon City, and Grand Junction offer a lower cost of living, with cheaper rent and home prices.

Where is rent cheapest in Colorado?

Pueblo offers the most affordable rental options, with significantly lower prices compared to Denver and Boulder. For example, median one-bedroom rents in Pueblo are around $699, while two-bedroom units average $939. These prices are considerably less than in Denver, where one-bedroom rentals average $1,453 and two-bedrooms cost around $1,810, or Boulder, which has similar prices with one-bedrooms at $1,551 and two-bedrooms at $1,935.

What is the safest city in Colorado?

The safest town to move to in Colorado is often considered to be Louisville, a suburb of Boulder. Known for its low crime rates, excellent schools, and family-friendly atmosphere, Louisville consistently ranks as one of the safest communities in the state. Other safe towns in Colorado include Highlands Ranch and Parker, which also offer low crime rates and welcoming neighborhoods.