Colorado Springs, CO Rental Market Trends
Highlights
The average rent for an apartment in Colorado Springs is $1,191, a 6% increase compared to the previous year.
Average Rent in Colorado Springs, CO
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $1,191 | 6% | 840 sq. ft. |
The average size for a Colorado Springs, CO apartment is 840 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.
Colorado Springs, CO Apartment Rent Ranges
- $501-$7002%
- $701-$1,00032%
- $1,001-$1,50052%
- $1,501-$2,00013%
- > $2,0002%
Colorado Springs, CO Occupied Housing Units
- Renter-occupied Households36%
- Owner-occupied Households63%
65,247 or 36% of the households in Colorado Springs, CO are renter-occupied while 113,376 or 63% are owner-occupied.
Colorado Springs, CO Rent Trends
| Average Rent | Nov / 2016 | Mar / 2017 | Jul / 2017 | Nov / 2017 | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 | Feb / 2020 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Colorado Springs, CO | $1,006 | $1,010 | $1,060 | $1,091 | $1,074 | $1,106 | $1,117 | $1,123 | $1,183 | $1,187 | $1,191 |
| National | $1,340 | $1,337 | $1,368 | $1,371 | $1,374 | $1,408 | $1,417 | $1,422 | $1,458 | $1,466 | $1,468 |
Average Rent in Colorado Springs, CO By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Knob Hill | $958 |
| Pikes Peak Park | $966 |
| Old North End | $985 |
| Spring Creek | $988 |
| Venetian Village | $1,022 |
| East Colorado Springs | $1,023 |
| Southborough | $1,023 |
| Gateway Park | $1,023 |
| Eastborough | $1,023 |
| Rustic Hills | $1,026 |
| Village Seven | $1,051 |
| Old Farm | $1,081 |
| Indian Heights | $1,103 |
| Holland Park | $1,103 |
| Cragmoor | $1,103 |
| Stratton Meadows | $1,112 |
| Wagon Trails | $1,137 |
| Kissing Camels | $1,147 |
| Old Colorado City | $1,192 |
| Ivywild | $1,233 |
| Skyway | $1,237 |
| West Colorado Springs | $1,238 |
| Pleasant Valley | $1,238 |
| Garden Ranch | $1,240 |
| Cheyenne Hills | $1,248 |
| Broadmoor | $1,248 |
| Vista Grande | $1,284 |
| Pulpit Rock | $1,284 |
| Norwood | $1,284 |
| Wagon Trails | $1,300 |
| Falcon Estates | $1,306 |
| Pinecliff | $1,381 |
| Oak Valley Hills | $1,381 |
| Mountain Shadows | $1,381 |
| Ridgeview | $1,424 |
| Trailridge | $1,433 |
| Pine Creek | $1,433 |
| Northgate | $1,433 |
| Interquest | $1,433 |
| Flying Horse Ranch | $1,433 |
| Briargate | $1,433 |
| Anderosa | $1,433 |
| Wolf Ranch | $1,476 |
| Springs Ranch | $1,507 |
| Setson Hills | $1,507 |
| Kettle Creek | $1,757 |
The most affordable neighborhoods in Colorado Springs are Knob Hill, where the average rent goes for $958/month, Pikes Peak Park, where renters pay $966/mo on average, and Old North End, where the average rent goes for $985/mo. If you’re looking for other great deals, check out the listings from Spring Creek ($988), Venetian Village ($1,022), and East Colorado Springs ($1,023), where the asking prices are below the average Colorado Springs rent of $1,191/mo.
The most expensive neighborhoods in Colorado Springs are Setson Hills ($1,507), Springs Ranch ($1,507) and Kettle Creek ($1,757).
The most popular neighborhood in Colorado Springs is Old North End, where there are 8 verified RENTCafé listings with an average rent of $985. Next up is Venetian Village, where apartments go for $1,022/month, followed by Knob Hill with $958 If you’re looking to rent in Colorado Springs’s most popular neighborhoods, make sure to also check out Spring Creek, where renters pay $988 on average, and Skyway, where the average monthly rent is $1,237.
Colorado Springs | Rent Comparison by Neighborhood
Rent in Anderosa is the same as in Briargate
Anderosa rent is 20% higher than Colorado Springs average
| Average Rent | $1,433 |
|---|
Briargate rent is 20% higher than Colorado Springs average
| Average Rent | $1,433 |
|---|
How Colorado Springs Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Denver | $1,674 | 3% |
| Boulder | $1,970 | 2% |
| Colorado Springs | $1,191 | 6% |
| Aurora | $1,350 | 2% |
| Lakewood | $1,525 | 4% |
| Fort Collins | $1,528 | 1% |
| Centennial | $1,636 | 2% |
| Parker | $1,570 | n/a |
| Castle Rock | $1,527 | -2% |
| Lone Tree | $1,658 | n/a |
| Castle Pines | $1,533 | -1% |
For more information about the Colorado Springs rental trends, check out our monthly rent report
Check out Colorado Cities, Colorado Neighborhoods and Colorado Zip Codes for more details on verified listings, including the Colorado Average Rent.
Curious about listings in your area? Check out our apartments near you for more details!