5+ Days Ago
Highlights
Pet Friendly
Location
505 E Arvada St, Colorado Springs, CO 80905, USA|Stratton Meadows
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Property Overview
Applewood Apartments offers strong overall value with an expert rating of 8.3/10, highlighted by a perfect 10/10 price score and a 92nd-percentile value-for-money ranking in its area. Residents benefit from a well-rated 8/10 amenities package, a highly convenient 9/10 location with access to public transportation, and a solid 7/10 trustworthiness rating that reflects transparent, detailed property information.
This summary uses Zumper’s proprietary data. “Zumper Expert Ratings” and “Things you’ll love” are based on our internal analyses of market trends and renter insights.
Things you’ll love
Less expensive
Floor plans
| 1BR/1.0BA | 1 bed | 1 bath | 490 sqft | $850–$1,000 /mo | 2 units available | Quaint one bedroom unit well located for downtown access. |
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Amenities for Applewood Apartments
Building
| Cats OK | Dogs OK |
Units, floor plans, amenities, dimensions, details, availability, and prices may be approximate and subject to change. Please contact a community representative for more information.
Policies and fees
Applicants
Applicants
One-time.
Contact Property
REQUIRED FEES
Security Deposit
One-time. Refundable.
Contact Property
Dog Policy
Allowed
Limit1
Cat Policy
Allowed
Limit1
Questions about this property’s policies and fees?
Building details
Property details
| Units | 29 |
|---|
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About Applewood Apartments
Quaint one bedroom unit well located for downtown access.
Zumper Expert Rating
Our expert rating is based on a weighted average score of property attributes that renters care about most: price, amenities, location, quality, and trust.
8.3
/10
Very GoodWith a solid 8.3 out of 10 overall, Applewood Apartments is a great option for renters. While some aspects, like Quality, might not be as distinguished as other properties nearby, Applewood Apartments has a number of attractive features—namely its Price— so you can be assured your rent will come with a high standard of living.
Price·10A score that weighs the cost and location of the property, which we calculate by comparing rent prices of recent units to the median price of nearby rentals, adjusting for overall quality and features.
Applewood Apartments offers an excellent balance between price and value. It's priced competitively for its amenities, location, and other key features. Compared to the median price per bedroom in the area, this property is less than, or about the same as, nearby rentals, so residents can expect great value without too many compromises on their desired standard of living.
Amenities·8A score based on the amenities offered at this property compared to other rentals in the area. We consider the quantity, quality, and popularity of features both on site and within the units.
With multiple in-demand amenities, Applewood Apartments is committed to enhancing the renting experience. And while it may have fewer total conveniences and features than similar rentals nearby, it remains a top choice for renters wanting an specific standard of living.
Location·9A score based on proximity and ease of access to shops, restaurants, schools, and public transportation while considering the desirability of the area.
Applewood Apartments is exceptional when it comes to location and conveniences. Communication with management or leasing staff is usually quick and easy and they often use advanced scheduling and communication tools to streamline the process. The location of this property offers easy access to popular points of interest in the area and options for getting around.
Quality·6A score based on what makes the property stand out, such as luxury features, unique offerings, age of the building, and our ability to verify the accuracy of these details.
While Applewood Apartments does not have many hallmark characteristics to highlight, it has some qualities and features that will resonate with a broad range of renters.
Trustworthiness·7A score based on the accuracy, completeness, recency, and usefulness of the information provided by this property, so you can trust that what you see is what you get.
Applewood Apartments provides some information about the features available in the community and its apartments, making it a reliable option for prospective renters. Renters should ask additional questions about amenities and non-negotiable items they are looking for.
Property highlights
We compared every listing in the surrounding area to determine which amenities are most common. If a building lacks an amenity that most others in the area have, it is a con. If a building has an amenity most others in the area do not, it is a pro. Similarly, price, schools, and size are calculated relative to the size, price, and distance to schools of the other properties nearby.How Applewood Apartments compares to other nearby properties.
Positives
- Less expensive
- The 1-bedrooms are cheaper than other similar listings nearby
Considerations
- Greater distance from grade schools
- The nearest elementary school is farther than 0.4 mile away
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Rent trends in Stratton Meadows
1-bedroom apartments at Applewood Apartments cost about 5% less than the average rent price for 1-bedroom apartments in Stratton Meadows.
Median rents as of May 30 2026.
Stratton Meadows
Colorado Springs
| Month | Median Rent |
|---|---|
| June 2024 | $1,042 |
| July 2024 | $1,064 |
| August 2024 | $1,195 |
| September 2024 | $1,025 |
| October 2024 | $1,104 |
| November 2024 | $979 |
| December 2024 | $1,179 |
| January 2025 | $1,299 |
| February 2025 | $1,191 |
| March 2025 | $998 |
| April 2025 | $900 |
| May 2025 | $905 |
| June 2025 | $899 |
| July 2025 | $900 |
| August 2025 | $938 |
| September 2025 | $953 |
| October 2025 | $896 |
| November 2025 | $896 |
| December 2025 | $965 |
| January 2026 | $1,015 |
| February 2026 | $990 |
| March 2026 | $977 |
| April 2026 | $947 |
| May 2026 | $911 |
| Month | Median Rent |
|---|---|
| July 2024 | $850 |
| August 2024 | $755 |
| September 2024 | $799 |
| November 2025 | $749 |
| December 2025 | $749 |
| January 2026 | $749 |
| March 2026 | $745 |
| April 2026 | $745 |
Affordability calculator
Can I afford to live at 505 E Arvada St?
Bedrooms
1 bedroomRent-to-income ratio
30%
Slide to adjust the percentage of your monthly income you are willing to spend on rent.
The general rule of thumb is to spend around 30% or less of your income on rent.
Recommended income
$34,000/yr
With your selected rent-to-income ratio, you'd ideally want to make $34,000 annually to afford this 1-bedroom monthly rent price of $850.
For more information on rent affordability, visit our rent calculator.
Schools near Applewood Apartments
Colorado School for the Deaf & Blind
33 n institute st
colorado springs, CO, 80903
PK, K-12Public
Adams Elementary School
2101 manitoba dr
colorado springs, CO, 80910
PK, K-5Public
C+
Buena Vista Elementary School
924 w pikes peak ave
colorado springs, CO, 80905
PK, K-5Public
B
Aspire Online Academy
1860 south chelton rd
colorado springs, CO, 80910
K-12Public
Aspen Child Development Center
4356 funk ave
fort carson, CO, 80913
PK, KPublic
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Internet available near Applewood Apartments
Getting around Colorado Springs near 505 E Arvada St
Walking
4/10
Some shops and stores are within a few minutes.
Driving
10/10
Commuting is easy with multiple accessible routes and plenty of parking.
Cycling
5/10
More spots are within biking distance and some roads are cyclist-friendly.
Transit
2/10
There are a few mass transit options within the area.
Points of interest for 505 E Arvada St, Colorado Springs
Groceries
8/10
At least one supermarket within a 15-minute walk
Shopping
5/10
Several shops within walking distance
Cafes
6/10
Some cafés within a few minutes’ walk
Restaurants
6/10
Some restaurants within a few minutes’ walk
Primary schools
9/10
At least one elementary school within a 5-minute walk
High schools
9/10
At least one high school within a 5-minute walk
Nightlife
4/10
Some bars within walking distance
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