City Report · CO

Boulder

Pop. 106,433·17th most expensive in Colorado·Rental market data updated monthly for Boulder, CO
Median rent (all units)
$2,435/mo
Year-over-Year
+3.0%
Month-over-Month
+0.8%
vs US Median
+$503
Reported rents
Rising (Monthly)
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Most AffordableMost Expensive
Boulder · $2,435
More expensive than 78% of US cities · National median $1,932/mo
Rent Reality Score
60/100
Good value
OverheatedFairGreat value

Rents are 5% below what Boulder's 10-year trend predicts — a better deal than its own history suggests.

Actual rent
$2,435/mo
Expected by trend
$2,566/mo
The Rent Reality Score compares today's median rent to where Boulder's own long-run trajectory projects it should be. See the full rankings →
Medians by bedroom

Rent by unit size

Studio
$1,566
1 BR
$1,818
2 BR
$2,202
3 BR
$2,892
4 BR+
$3,312
Fair Market Rent (HUD)
$2,202/mo

These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $2,435 market median above, and that is expected: FMR is the 40th percentile of standard-quality units and counts gross rent, so it includes essential utilities such as electricity, water, gas, sewer, and trash. The market median is asking rent, which usually excludes utilities. HUD sets FMR once a year; market rent here updates monthly.

Source: HUD Small Area Fair Market Rents. Read the methodology →

Rent trends

12-month history

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Last updated: October 17, 2026

From the history

What the numbers show

Cheapest month to sign

November. Asking rents in Boulder usually run 0.7% below trend in November and 0.6% above it in July, about $32 a month apart at today's median. Based on 11 years of data.

Compared with the peak

Rent in Boulder is at its highest level since Zillow's records here began in January 2015.

Past year vs. the rest of Colorado

Rent in Boulder changed +3.0% over the year to September 2026. Across the 60 Colorado cities Zillow tracks, the typical change was +1.4%.

Rent vs. income since 2019

From 2019 to 2024, rent in Boulder rose 31.1% while median household income rose 25.9% ($69,520 to $87,493). Rent outpaced income.

Since before the pandemic

Rent in Boulder is 34.5% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

Recent direction

Rent has risen 4 months in a row, and rose in 10 of the last 12 months.

What a typical income covers

30% of the median household income ($87,493) is $2,187 a month. That covers HUD's Fair Market Rent for up to a 1-bedroom ($1,818); a 2-bedroom is $2,202.

Spread across ZIP codes

The priciest of 5 ZIP codes in Boulder, 80302 ($2,997/mo), costs 29% more than the cheapest, 80303 ($2,332/mo).

Cheaper nearby

Broomfield, 13 miles away, rents for 13% less ($2,115/mo), about $3,800 a year in savings.

From Zillow's monthly rent index (ZORI) for Boulder. The seasonal pattern compares Zillow’s seasonally adjusted and unadjusted series. Income is the Census median household income (5-year estimates). Fair Market Rents are HUD’s, which include utilities.

Annual cost
$29,220/yr
At $2,435/mo median
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (3.0% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+3.0% YoY, +0.8% MoM), not inventory.
Rent check

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Demographics

Who lives here

Boulder, CO is roughly split between renters and owners, skews toward younger working-age adults, 76.8% of residents hold a bachelor's degree or higher.

Population
106,433
Median income
$87,493
Median age
28.8
Renters
52.8%
Age distribution
47%
20.2%
12.7%
Under 1811.8%
18–3447%
35–5420.2%
55–648.4%
65+12.7%
Gender
51.7%
48.3%
Male51.7%
Female48.3%
Race & ethnicity
80.3%
White80.3%
Black1.1%
Hispanic10.7%
Asian5.5%
Other2.5%
Education (25+)
13.9%
76.8%
No HS diploma2.7%
HS diploma6.6%
Some college13.9%
Bachelor's+76.8%
Housing tenure
47.2%
52.8%
Owner47.2%
Renter52.8%

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

2021 vs 2026

How Boulder, CO has changed in 5 years

Rent
$1,896 → $2,435
up 28.4%
Income
$74,902 → $87,493
up 16.8%
Population
104,930 → 106,433
up 1.4%
Renter share
52.3% → 52.8%
+0.5 pts
Bachelor's+
76.8% → 76.8%
+0.0 pts

Across the past five years, the going rent in Boulder, CO has shifted from $1,896 to $2,435, up 28.4% since 2021. Household income in the area moved from $74,902 to $87,493 across the same window, up 16.8% versus 2021. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. Census counts show Boulder, CO adding about 1,503 residents over the five-year window, up 1.4% on net. Reading these numbers side by side helps frame whether current listings in Boulder, CO look reasonable against where the market sat half a decade ago.

Community

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

Can you afford rent in Boulder on your salary?

At $2,435/mo, how Boulder rent compares to typical pay (30% rule).

By apartment size

Boulder rent by bedroom count

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

Local insights

Tips for renters in Boulder

About renting in Boulder, CO

Last updated: October 17, 2026

The median rent in Boulder is $2,435/mo as of October 2026. A studio apartment averages $1,566/mo while a 2-bedroom runs $2,202/mo. One-bedroom apartments average $1,818/mo and 3-bedroom units go for $2,892/mo.

At 33% of local median household income ($87,493/yr), Boulder ranks as moderate compared to the national benchmark of 30%. Rents have increased 3.0% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in Boulder?

To keep rent at or below 30% of gross income, you would need to earn at least $97,000/year (about $47/hour full-time) to afford the median rent of $2,435/mo in Boulder. The local median household income is $87,493/yr, so the typical household falls short of that bar.

Is rent going up or down in Boulder?

Rent in Boulder has risen 3.0% over the past year as of September 2026. That is the highest level since Zillow's records here began in January 2015.

When is the cheapest time to rent in Boulder?

Asking rents in Boulder are usually lowest in November, about 0.7% below their yearly trend, and highest in July, about 0.6% above it. At today's median that is a gap of roughly $32 a month. This pattern comes from 11 years of Zillow rent data.

Has rent outpaced income in Boulder?

Yes. From 2019 to 2024, rent in Boulder rose 31.1% while median household income rose 25.9%, from $69,520 to $87,493. Rent is Zillow's yearly average; income is the Census 5-year estimate for the same years.

Which Boulder neighborhoods have the lowest rent?

The most affordable ZIP codes in Boulder are 80303 ($2,332/mo), 80301 ($2,353/mo), and 80304 ($2,512/mo). Citywide, the median rent is $2,435/mo.

How does Boulder rent compare to other cities in Colorado?

Boulder is one of the pricier among Colorado cities for rent, ranking #17 of 68 tracked cities at $2,435/mo. Over the year to September 2026, rent in Boulder changed +3.0%, against a typical +1.4% across the 60 Colorado cities Zillow tracks.

Which nearby cities are cheaper to rent in than Boulder?

Nearby cities with lower median rent than Boulder ($2,435/mo) include Longmont ($1,883/mo), Arvada ($2,088/mo), and Lafayette ($2,193/mo).
Income Affordability
33%
MODERATE

At $2,435/mo, rent takes ~33% of Boulder's median household income ($87,493/yr). The standard benchmark is 30%.

Boulder 33%Benchmark 30%
State income tax4.4%
Run the Boulder affordability calculator →
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Boulder, CO

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