Rents are 3% below what Centennial's 10-year trend predicts — a better deal than its own history suggests.
Rent by unit size
These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $2,259 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 →
12-month history
Last updated: August 17, 2026
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Who lives here
Centennial, CO is majority owner-occupied, has a median income above the national average, 62.6% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Centennial, CO has changed in 5 years
Rent in Centennial, CO has climbed 28.1% since 2021, going from about $1,764 per month to roughly $2,259 today. Census figures show median household income at $131,928 today, compared with $114,375 five years earlier. Rent outpaced income growth by roughly 12.8 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. About 19.4% of households rent today, against 17.9% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 60.3% to 62.6%. The combined trend lines point to a market that has changed measurably from where it stood in early 2021.
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Can you afford rent in Centennial on your salary?
At $2,259/mo, how Centennial rent compares to typical pay (30% rule).
Centennial rent by bedroom count
Median rent for each apartment size in Centennial. Click any size for full breakdown.
Tips for renters in Centennial
Last updated: August 17, 2026
The median rent in Centennial is $2,259/mo as of August 2026. A studio apartment averages $1,795/mo while a 2-bedroom runs $2,343/mo. One-bedroom apartments average $1,960/mo and 3-bedroom units go for $3,058/mo.
At 21% of local median household income ($131,928/yr), Centennial ranks as affordable compared to the national benchmark of 30%. Rents have increased 10.3% over the past year.
Frequently asked questions
Is Centennial an affordable city for renters?
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What percentage of Centennial residents rent vs. own?
How does Centennial rent compare to the national average?
At $2,259/mo, rent takes ~21% of Centennial's median household income ($131,928/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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