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City Report · CO

Basalt

Pop. 4,335·1st most expensive in Colorado·One of the pricier rental markets in the US
Median rent (all units)
$5,017/mo
Year-over-Year
Stable
Month-over-Month
+8.7%
vs US Median
+$3,052
Rising (Monthly)
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Most AffordableMost Expensive
Basalt · $5,017
More expensive than 99% of US cities · National median $1,965/mo
Affordability
57% of income
EXPENSIVE
0%30% benchmark60%+

At $5,017/mo, rent takes about 57% of the local median household income, well above the 30% benchmark.

Income to afford
$201,000/yr
Local median income
$105,855/yr
Based on the 30%-of-income rule using Basalt's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$1,660
1 BR
$1,900
2 BR
$2,380
3 BR
$2,910
4 BR+
$3,320
Research median
$2,380/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: June 22, 2026

Annual cost
$60,204/yr
At $5,017/mo median
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 0.0% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+0.0% YoY, +8.7% MoM), not inventory.
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Demographics

Who lives here

Basalt, CO is majority owner-occupied, has a large retiree population, has a median income above the national average, 57.2% of residents hold a bachelor's degree or higher.

Population
4,335
Median income
$105,855
Median age
41.2
Renters
40.7%
Age distribution
15%
22.7%
26.3%
12%
23.9%
Under 1815%
18–3422.7%
35–5426.3%
55–6412%
65+23.9%
Gender
47.8%
52.2%
Male47.8%
Female52.2%
Race & ethnicity
88.8%
White88.8%
Hispanic6.8%
Asian0.8%
Other3.3%
Education (25+)
34.4%
57.2%
No HS diploma0.8%
HS diploma7.7%
Some college34.4%
Bachelor's+57.2%
Housing tenure
59.3%
40.7%
Owner59.3%
Renter40.7%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How Basalt, CO has changed in 5 years

Income
$104,605 → $105,855
up 1.2%
Population
3,802 → 4,335
up 14.0%
Renter share
32.5% → 40.7%
+8.2 pts
Bachelor's+
56.6% → 57.2%
+0.6 pts
Median age
49.8 → 41.2
-8.6 yrs

Local incomes tracked alongside that move, going from a median of $104,605 in 2021 to $105,855 more recently. Census counts show Basalt, CO adding about 533 residents over the five-year window, up 14.0% on net. The renter share has risen from 32.5% to 40.7%, with owner-occupied housing accounting for the remainder.

Community

Discussions about Basalt

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View Basalt rent history (2015–2026) →
Salary vs rent

Can you afford rent in Basalt on your salary?

At $5,017/mo, how Basalt rent compares to typical pay (30% rule).

By apartment size

Basalt rent by bedroom count

Median rent for each apartment size in Basalt. Click any size for full breakdown.

Local insights

Tips for renters in Basalt

About renting in Basalt, CO

Last updated: June 22, 2026

The median rent in Basalt is $5,017/mo as of June 2026. A studio apartment averages $1,660/mo while a 2-bedroom runs $2,380/mo. One-bedroom apartments average $1,900/mo and 3-bedroom units go for $2,910/mo.

At 57% of local median household income ($105,855/yr), Basalt ranks as expensive compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

Is Basalt an affordable city for renters?

Basalt is considered expensive for renters. At $5,017/mo, rent takes approximately 57% of the local median household income ($105,855/yr). The standard benchmark is 30%. Basalt significantly exceeds that threshold, making it challenging for many renters.

How much income do you need to rent in Basalt?

To keep rent at or below 30% of gross income, you would need to earn at least $201,000/year (~$97/hour full-time) to afford the median rent of $5,017/mo in Basalt. The local median household income is $105,855/yr, meaning the typical Basalt household falls short of that threshold.

Is rent going up or down in Basalt?

Rent in Basalt has been relatively stable over the past year, with a 0.0% change year over year as of June 2026.

How does Basalt rent compare to other cities in Colorado?

Basalt is one of the pricier cities in Colorado for rent, ranking #1 out of 68 tracked cities at $5,017/mo.

Which nearby cities are cheaper to rent in than Basalt?

Several nearby cities have lower median rents than Basalt ($5,017/mo): Glenwood Springs ($2,468/mo), Eagle ($2,732/mo), Silverthorne ($3,377/mo).

What percentage of Basalt residents rent vs. own?

According to Census data, approximately 40.7% of Basalt households are renters, while 59.3% are owner-occupied. Basalt leans toward homeownership, which can mean a smaller rental inventory.

How does Basalt rent compare to the national average?

Basalt's median rent of $5,017/mo is $3,052 (155%) above the US national median of $1,965/mo. Within Colorado, it ranks #1 out of 68 tracked cities.
Income Affordability
57%
EXPENSIVE

At $5,017/mo, rent takes ~57% of Basalt's median household income ($105,855/yr). The standard benchmark is 30%.

Basalt 57%Benchmark 30%
State income tax4.4%
Run the Basalt affordability calculator →
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Basalt, CO

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