Centennial Plaza

Overview

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Centennial Plaza Apartments offers comfortable living for senior and disabled residents in Colorado Springs. Located just blocks from downtown, this community provides easy access to local amenities and attractions. The eleven-story building includes 99 one-bedroom units, each with balconies or patios that offer stunning views of the surrounding area.

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Residents will appreciate the convenience and security offered by Centennial Plaza Apartments. Managed by the Colorado Springs Housing Authority, this community is designed to cater specifically to the needs of its residents. With subsidized housing options available, Centennial Plaza ensures affordability without compromising on quality or comfort.

The location also allows for numerous recreational opportunities. With close proximity to local parks, shops, and dining establishments, residents can enjoy an active and engaging lifestyle. Transportation is made simple with nearby public transit options, making it easy to explore everything Colorado Springs has to offer.

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Amenities and Features

One-bedroom apartments
Balconies and patios
Eleven-story building
Trash chutes on each floor
Easy access to City of Colorado Springs Municipal
Managed by Colorado Springs Housing Authority
Subsidized housing options available
Proximity to downtown amenities

Sources

Centennial Plaza Location

Address: 516 E Kiowa St, Colorado Springs, CO 80903

Phone: 719-387-6700

Website: https://csha.us/chfa-properties

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About Colorado Springs, Colorado

Colorado Springs, a city located in the state of Colorado (CO), is home to a population of approximately 638,194 people. Colorado Springs boasts a median age of 35.1, with around 19.8% of its residents aged 60 or above. 14.8% of the population identifies as US Veterans. 13.1% of Colorado Springs residents are disabled. The city has an average household income of $79,026, while the unemployment rate stands at 5.6%, and around 10.4% of the population is considered to be living below the poverty level. In terms of housing, the average home value in Colorado Springs is $382,342, with a monthly rent averaging $1,464.

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About Senior Apartments

It's not just about convenience and affordability; it's about creating a fulfilling lifestyle. Senior apartments are constructed, maintained, and updated to accommodate the 55-plus community. Often age-restricted, senior apartments are designed with accessibility in mind. One to two-bedroom units are standard as well as senior-friendly comfort and amenities. Senior apartments are great for retired adults who want to downsize but still have a social life. Apartment living is appealing to those who dislike yard work or home maintenance. It's also a great option for retired travelers who want peace of mind while away from home. Residents save money with lower expenses because they often include utilities and don't require property taxes.

Types of Senior Apartments

Affordable Senior Apartments - Retirees with low income may be eligible for cheap senior living apartments provided by government housing programs. These apartments are cheaper than usual. The eligibility to rent them depends on factors such as income, family size, and the average income in the area. Keep in mind that services or amenities in low-income senior apartments may be more limited.

Market Rate Senior Apartments - Market-rate senior apartments do not have income limits. Pricing is competitive and based on comparable housing options in the surrounding area. These apartments often come with amenities like community dining, housekeeping, and even transportation services.

Luxury Senior Apartments - Luxury apartments are generally larger, offering up to 2,000 square feet of living space, and boast a wide range of upscale amenities and community activities for their residents. Many luxury apartments are situated within gated communities. The cost of living in these apartments can be quite high, with entrance fees alone often reaching six figures.