It is no secret that Colorado is an expensive state to live in. Sometimes having the mountains within a short driving distance comes at a cost. While Colorado is not in the top 10 most expensive states to call home, certain aspects of living in this state can hurt the bank account.

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The cost of renting or buying a home is one of the main factors. Some places rent for easily $2,000 or more in Denver. But, there is good news if you are looking for a town in Colorado to call home for cheap.

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According to Property Club, these are the 10 cheapest places in the state of Colorado.

Fort Morgan, Colorado

Fort Morgan comes in at number 10 on the cheapest places to live in Colorado list. The median home price in Fort Morgan is approximately $347k. Those that choose to rent can expect to see one-bedroom apartments around $1.095 per month.

Canon City, Colorado

Canon City is another cheap town with an average home price of $338k and a one-bedroom apartment averaging $1,150.

Cortez, Colorado

In Cortez, this is where you will see the prices start to drop in housing. The average price for a home in Cortez is $318k while a one-bedroom apartment averages under $1,000 at $980.

Clifton, Colorado

Clifton's average home prices are where you will see homes for under $300k and a one-bedroom apartment could cost you as little as $800 per month.

Craig, Colorado

Craig is the fifth cheapest town in the state of Colorado. Home prices average $294k and one-bedroom apartments are even cheaper in this town. The average price for a one-bedroom residence in Craig, Colorado is $650.

Alamosa, Colorado

Alamosa comes in at number four on the list of cheapest places in the state of Colorado. Alamosa's average home price is $293k while the average one-bedroom residence is approximately $850.

Trinidad, Colorado

Trinidad is in third place for the cheapest places in the state of Colorado. The average home price in Trinidad is $216k and the average one-bedroom rent is approximately $895.

Walsenburg, Colorado

Walsenburg, Colorado takes second place in the state of Colorado for being the cheapest. The average home price in Walsenburg is under $200k at $174k. A one-bedroom rental is averaging approximately $850 per month.

The Cheapest Town in Colorado is Lamar

The absolute cheapest place in the state of Colorado on the list belongs to a town called Lamar. The town of Lamar, Colorado is home to only 8,000 residents and is a center for commercial farming. Lamar's housing market offers an average home price of less than $150k and a one-bedroom rental is averaging $900 per month.

The cheapest towns in the state of Colorado appear to be quite renter friendly as the average rent for a one-bedroom residence peaks out at $1,150 and can be as low as $650. For more information on the cheapest places to live in the state of Colorado, visit Property Club.

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