How much does it cost to rent in Centennial, CO?

As of July 2026, the median monthly rent in Centennial, CO is $2,228. This figure is based on aggregated data from public sources and community-submitted rents.

Is Centennial cheaper than other Colorado cities?

Centennial falls in the middle range for Colorado, ranking #27 out of 66 cities at $2,228/mo.

When was Centennial rent data last updated?

Centennial rent data reflects July 2026 and was last refreshed on July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.

City Report · CO

Centennial

Name: Average Rent Prices in Centennial, CO
Creator: RentDataNow
License: https://rentdatanow.com/terms-of-service

Pop. 108,201·27th most expensive in Colorado·Centennial rents are up 9.2% over the past year

Median rent (all units)

$2,228/mo

Year-over-Year

+9.2%

Month-over-Month

+0.7%

vs US Median

+$263

Rising (Monthly)

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Most AffordableMost Expensive

Centennial · $2,228

More expensive than 70% of US cities · National median $1,965/mo

Rent Reality Score

58/100

Fairly priced

OverheatedFairGreat value

Rents are 4% below what Centennial's 10-year trend predicts — a better deal than its own history suggests.

Actual rent

$2,228/mo

Expected by trend

$2,324/mo

The Rent Reality Score compares today's median rent to where Centennial's own long-run trajectory projects it should be. See the full rankings →

Medians by bedroom

Rent by unit size

Studio

$1,795

1 BR

$1,960

2 BR

$2,343

3 BR

$3,058

4 BR+

$3,423

Research median

$2,343/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: July 20, 2026

Annual cost

$26,736/yr

At $2,228/mo median

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 9.2% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+9.2% YoY, +0.7% MoM), not inventory.

Rent check

Is your rent fair?

Compare your rent to the local median.

Demographics

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.

Population

108,201

Median income

$131,928

Median age

Renters

19.4%

Age distribution

21.8%

18.2%

28.1%

12.9%

18.9%

Under 1821.8%

18–3418.2%

35–5428.1%

55–6412.9%

65+18.9%

Gender

49.6%

50.4%

Male49.6%

Female50.4%

Race & ethnicity

76.9%

White76.9%

Black2.9%

Hispanic10.3%

Asian6.4%

Other3.6%

Education (25+)

22.4%

62.6%

No HS diploma3.1%

HS diploma12%

Some college22.4%

Bachelor's+62.6%

Housing tenure

80.6%

19.4%

Owner80.6%

Renter19.4%

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

2021 vs 2026

How Centennial, CO has changed in 5 years

Rent

$1,764 → $2,228

up 26.3%

Income

$114,375 → $131,928

up 15.3%

Population

107,972 → 108,201

up 0.2%

Renter share

17.9% → 19.4%

+1.5 pts

Bachelor's+

60.3% → 62.6%

+2.3 pts

Median age

41.4 → 42

+0.6 yrs

Rent in Centennial, CO has climbed 26.3% since 2021, going from about $1,764 per month to roughly $2,228 today. Census figures show median household income at $131,928 today, compared with $114,375 five years earlier. Rent outpaced income growth by roughly 11.0 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.

Community

Discussions about Centennial

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View Centennial rent history (2015–2026) →

Salary vs rent

Can you afford rent in Centennial on your salary?

At $2,228/mo, how Centennial rent compares to typical pay (30% rule).

Registered Nurse

Avg $99,204/yr · Rent = 27% income

affordable

Elementary School Teacher

Avg $70,434/yr · Rent = 38% income

stretched

Police Officer

Avg $81,134/yr · Rent = 33% income

stretched

Software Developer

Avg $145,016/yr · Rent = 18.4% income

very comfortable

Lawyer

Avg $185,294/yr · Rent = 14.4% income

very comfortable

Firefighter

Avg $65,951/yr · Rent = 40.5% income

rent-burdened

Truck Driver

Avg $59,546/yr · Rent = 44.9% income

rent-burdened

Electrician

Avg $73,395/yr · Rent = 36.4% income

stretched

By apartment size

Centennial rent by bedroom count

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

Local insights

Tips for renters in Centennial

About renting in Centennial, CO

Last updated: July 20, 2026

The median rent in Centennial is $2,228/mo as of July 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 9.2% over the past year.

FAQ

Frequently asked questions

Is Centennial an affordable city for renters?

Centennial is considered very affordable for renters. At $2,228/mo, rent takes approximately 20% of the local median household income ($131,928/yr). The standard benchmark is 30%. Centennial falls comfortably within that range.

How much income do you need to rent in Centennial?

To keep rent at or below 30% of gross income, you would need to earn at least $89,000/year (~$43/hour full-time) to afford the median rent of $2,228/mo in Centennial. The local median household income is $131,928/yr, meaning the typical Centennial household meets that threshold.

Is rent going up or down in Centennial?

Rent in Centennial has increased 9.2% over the past year as of July 2026, putting upward pressure on renter budgets.

Which Centennial neighborhoods have the lowest rent?

The most affordable ZIP codes in Centennial are 80112 ($2,014/mo), 80121 ($2,244/mo), and 80122 ($2,396/mo). Citywide, the median rent in Centennial is $2,228/mo.

How does Centennial rent compare to other cities in Colorado?

Centennial is middle-of-the-pack for Colorado for rent, ranking #27 out of 66 tracked cities at $2,228/mo.

Which nearby cities are cheaper to rent in than Centennial?

Several nearby cities have lower median rents than Centennial ($2,228/mo): Englewood ($1,873/mo), Meridian ($1,940/mo), Lone Tree ($2,011/mo).

What percentage of Centennial residents rent vs. own?

According to Census data, approximately 19.4% of Centennial households are renters, while 80.6% are owner-occupied. Centennial leans toward homeownership, which can mean a smaller rental inventory.

How does Centennial rent compare to the national average?

Centennial's median rent of $2,228/mo is $263 (13%) above the US national median of $1,965/mo. Within Colorado, it ranks #27 out of 66 tracked cities.

Income Affordability

20%

VERY AFFORDABLE

At $2,228/mo, rent takes ~20% of Centennial's median household income ($131,928/yr). The standard benchmark is 30%.

Centennial 20%Benchmark 30%

State income tax4.4%

Run the Centennial affordability calculator →

Nearby cities