Rents are 8% 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 $2,203 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: October 17, 2026
What the numbers show
November. Asking rents in Centennial usually run 1.2% below trend in November and 1.2% above it in August, about $53 a month apart at today's median. Based on 11 years of data.
Rent in Centennial is 0.4% below its high of $2,212 in June 2024, at $2,203 as of September 2026.
Rent in Centennial changed +0.8% over the year to September 2026. Across the 60 Colorado cities Zillow tracks, the typical change was +1.4%.
From 2019 to 2024, rent in Centennial rose 27% while median household income rose 20.7% ($109,324 to $131,928). Rent outpaced income.
Rent in Centennial is 26.1% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent has risen 3 months in a row, and rose in 7 of the last 12 months.
30% of the median household income ($131,928) is $3,298 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($3,058); a 4-bedroom is $3,423.
The priciest of 4 ZIP codes in Centennial, 80015 ($2,679/mo), costs 35% more than the cheapest, 80112 ($1,984/mo).
Meridian, 4 miles away, rents for 11% less ($1,955/mo), about $3,000 a year in savings.
From Zillow's monthly rent index (ZORI) for Centennial. 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.
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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 21.2% since 2021, going from about $1,817 per month to roughly $2,203 today. Census figures show median household income at $131,928 today, compared with $114,375 five years earlier. Rent outpaced income growth by roughly 5.9 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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At $2,203/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: October 17, 2026
The median rent in Centennial is $2,203/mo as of October 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 20% of local median household income ($131,928/yr), Centennial ranks as affordable compared to the national benchmark of 30%. Rents have increased 0.8% over the past year.
Frequently asked questions
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How does Centennial rent compare to other cities in Colorado?
At $2,203/mo, rent takes ~20% 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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