Apartments for Rent in Memorial Park, Colorado Springs, CO

Memorial Park, Colorado Springs apartment availability

Memorial Park's rental market offers a good selection of listings, with an average of 54 rentals available each month. The neighborhood's inventory is comprised mainly of 2-bedroom apartments, followed by 1-bedroom and 3-bedroom units. A notable feature of Memorial Park's rentals is their pet-friendliness, with over 63% of apartments allowing dogs and small pets. This makes the neighborhood an attractive option for renters with furry companions. With a range of bedroom sizes and amenities, Memorial Park is worth considering for those looking for a rental in Colorado Springs.

Memorial Park, Colorado Springs rental market trends

The Memorial Park neighborhood in Colorado Springs saw a decline in rent prices over the past year, with an average monthly rent of $1,266, representing an 8.7% decrease. Breaking it down by bed count, 1-bedrooms averaged $930 per month, a 15.6% decrease, while 2-bedrooms remained relatively stable with a 0.3% increase to $1,331. The average rent for 3-bedrooms was $1,831, a 14% decrease, and studios averaged $859, a 6.5% decrease.

Rent prices in Memorial Park tend to fluctuate throughout the year, with January typically seeing the highest prices and November the lowest. In fact, rents in January are about 31% higher than in November. If you're looking for a new apartment, November may be a good time to find a deal, but be aware that the selection may be limited. On the other hand, if you're looking to rent in January, be prepared for higher prices and potentially more competition.

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

Memorial Park is a top choice for renters who prioritize social living and pet ownership. 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. Memorial Park also scores high on social life, thanks to its walk score, transit frequency, and neighborhood age distribution, making it easy for residents to get around and connect with others. With its strong focus on community and pet-friendliness, Memorial Park is a great fit for renters seeking a lively and welcoming environment.