Monument, El Paso County, CO Rental Market Trends
Last updated: November 20, 2025 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Monument is $1,727, a 7.7% decrease compared to the previous year, when the average rent was $1,871.
Studio Apartments at $1,177 offer the most budget-friendly option with 444 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 724 square feet for $1,474, balancing privacy and affordability.
Two-beedroom units at $1,887 offer 1,062 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,284 sq ft) for $2,319, suitable for larger households.
Average rent in Monument, El Paso County, CO
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $1,727 | 920 sq. ft. |
| Studio | $1,177 | 444 sq. ft. |
| 1 Bed | $1,474 | 724 sq. ft. |
| 2 Beds | $1,887 | 1,062 sq. ft. |
| 3 Beds | $2,319 | 1,284 sq. ft. |
Monument, El Paso County, CO rent trends
Rental prices in Monument, El Paso County, CO have decreased by 7.7% over the past year. The average rent moved from $1,871 to $1,727.
What's the typical rent budget in Monument, El Paso County, CO?
The largest share of rentals in Monument, El Paso County, CO (60%) fall between $1,501-$2,000 per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Monument, El Paso County, CO?
3,388 or 23% of the households in Monument, El Paso County, CO are renter-occupied while 11,638 or 77% are owner-occupied.
Average Rent in Monument, El Paso County, CO By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Monument | $1,826 |
How Monument Compares to Other Cities
| City | Average Rent |
|---|---|
| Monument | $1,727 |
| Denver | $1,910 |
| Colorado Springs | $1,512 |
| Aurora | $1,667 |
| Lakewood | $1,826 |
| Boulder | $2,458 |
| Fort Collins | $1,970 |
| Littleton | $2,056 |
| Englewood | $1,910 |
| Arvada | $1,821 |
| Loveland | $1,819 |
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Monument apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.