Apartments for Rent in Palmer Park, Colorado Springs, CO

Palmer Park, Colorado Springs apartment availability

Palmer Park's rental market offers a good selection of listings, with an average of 51 rentals available each month. The majority of rentals are 2-bedroom apartments, followed by 1-bedroom and 3-bedroom options. Studios are less common, making up a smaller portion of the market. Many apartments in Palmer Park are pet-friendly, with around 78% allowing pets, including small pets. This makes Palmer Park a great option for renters with furry friends. With a range of bedroom options and pet-friendly amenities, Palmer Park is a neighborhood worth considering for those looking for a rental in Colorado Springs.

Palmer Park, Colorado Springs rental market trends

Palmer Park's rental market experienced a decline of approximately 8% last year, with the average monthly rent (all bed counts and property types) settling at around $1,385. The average rent for a 1-bedroom is about $1,113, reflecting a year-over-year decrease of 9%. In contrast, 3-bedrooms saw a significant increase of 21%, with an average rent of $2,100. Studio apartments also saw a substantial rise of 47%, averaging $1,687 per month.

The rental market in Palmer Park tends to fluctuate, with April typically seeing the highest rent prices, about 14% higher than June, the month with the lowest rent. If you're searching for a new apartment, June might be a good time to find a relatively affordable option. However, if you're looking for a specific type of rental, be prepared for varying levels of competition throughout the year.

Why Palmer Park, Colorado Springs is a great place to live

Palmer Park is a top choice for renters who prioritize social living and pet friendliness. According to data, the neighborhood's pet-friendly features, such as pet spaces, safe windows, outdoor areas, and dog parks, make it an ideal spot for pet owners. Additionally, the lack of breed restrictions and presence of pet events and waste facilities add to its appeal. Palmer Park also scores high on social life, thanks to its safe environment, diverse neighborhood age distribution, and convenient transit options, including a good walk score and well-maintained street infrastructure. Overall, Palmer Park offers a great balance of social opportunities and pet-friendly amenities, making it a desirable neighborhood for renters who value these aspects.