City Report · CO

Cherry Creek

Pop. 10,721·46th most expensive in Colorado·Rental market data updated monthly for Cherry Creek, CO
Median rent (all units)
$1,894/mo
Year-over-Year
-2.8%
Month-over-Month
-1.3%
vs US Median
-$71
Falling (Monthly)
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Most AffordableMost Expensive
Cherry Creek · $1,894
More expensive than 52% of US cities · National median $1,965/mo
Rent Reality Score
63/100
Good value
OverheatedFairGreat value

Rents are 7% below what Cherry Creek's 10-year trend predicts — a better deal than its own history suggests.

Actual rent
$1,894/mo
Expected by trend
$2,027/mo
The Rent Reality Score compares today's median rent to where Cherry Creek's own long-run trajectory projects it should be. See the full rankings →
Medians by bedroom

Rent by unit size

Studio
$2,130
1 BR
$1,697
2 BR
$1,754
3 BR
$1,763
4 BR+
$2,871
Research median
$1,754/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
$22,728/yr
At $1,894/mo median
Rent Market Meter
Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are softening (down 2.8% YoY), so renters have negotiating leverage.
Based on rent-price momentum (-2.8% YoY, -1.3% MoM), not inventory.
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Demographics

Who lives here

Cherry Creek, CO is majority owner-occupied, has a large share of families with children, has a median income above the national average, 76.1% of residents hold a bachelor's degree or higher.

Population
10,721
Median income
$153,776
Median age
44.1
Renters
20.2%
Age distribution
25.8%
15%
29.8%
12.9%
16.5%
Under 1825.8%
18–3415%
35–5429.8%
55–6412.9%
65+16.5%
Gender
53%
47%
Male53%
Female47%
Race & ethnicity
67.9%
12.9%
White67.9%
Hispanic11.3%
Asian12.9%
Other7.7%
Education (25+)
13.5%
76.1%
No HS diploma2.4%
HS diploma7.9%
Some college13.5%
Bachelor's+76.1%
Housing tenure
79.8%
20.2%
Owner79.8%
Renter20.2%

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

2022 vs 2026

How Cherry Creek, CO has changed in 5 years

Rent
$1,826 → $1,894
up 3.7%
Income
$125,634 → $153,776
up 22.4%
Population
11,389 → 10,721
down 5.9%
Renter share
25.9% → 20.2%
-5.7 pts
Bachelor's+
73% → 76.1%
+3.1 pts
Median age
40.9 → 44.1
+3.2 yrs

Across the past five years, the going rent in Cherry Creek, CO has shifted from $1,826 to $1,894, up 3.7% since 2022. Household income in the area moved from $125,634 to $153,776 across the same window, up 22.4% versus 2021. With wages climbing faster than rent over the same window, renters here have a bit more breathing room than they did five years back. Census counts show Cherry Creek, CO losing about 668 residents over the five-year window, down 5.9% on net. The renter share has eased from 25.9% to 20.2%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 73% to 76.1% across the same window. Reading these numbers side by side helps frame whether current listings in Cherry Creek, CO look reasonable against where the market sat half a decade ago.

Community

Discussions about Cherry Creek

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View Cherry Creek rent history (2015–2026) →
Salary vs rent

Can you afford rent in Cherry Creek on your salary?

At $1,894/mo, how Cherry Creek rent compares to typical pay (30% rule).

By apartment size

Cherry Creek rent by bedroom count

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

Local insights

Tips for renters in Cherry Creek

About renting in Cherry Creek, CO

Last updated: July 20, 2026

The median rent in Cherry Creek is $1,894/mo as of July 2026. A studio apartment averages $2,130/mo while a 2-bedroom runs $1,754/mo. One-bedroom apartments average $1,697/mo and 3-bedroom units go for $1,763/mo.

At 15% of local median household income ($153,776/yr), Cherry Creek ranks as affordable compared to the national benchmark of 30%. Rents have decreased 2.8% over the past year.

FAQ

Frequently asked questions

Is Cherry Creek an affordable city for renters?

Cherry Creek is considered very affordable for renters. At $1,894/mo, rent takes approximately 15% of the local median household income ($153,776/yr). The standard benchmark is 30%. Cherry Creek falls comfortably within that range.

How much income do you need to rent in Cherry Creek?

To keep rent at or below 30% of gross income, you would need to earn at least $76,000/year (~$37/hour full-time) to afford the median rent of $1,894/mo in Cherry Creek. The local median household income is $153,776/yr, meaning the typical Cherry Creek household meets that threshold.

Is rent going up or down in Cherry Creek?

Rent in Cherry Creek has decreased 2.8% over the past year as of July 2026, offering some relief compared to 12 months ago.

How does Cherry Creek rent compare to other cities in Colorado?

Cherry Creek is one of the more affordable cities in Colorado for rent, ranking #46 out of 66 tracked cities at $1,894/mo.

What percentage of Cherry Creek residents rent vs. own?

According to Census data, approximately 20.2% of Cherry Creek households are renters, while 79.8% are owner-occupied. Cherry Creek leans toward homeownership, which can mean a smaller rental inventory.

How does Cherry Creek rent compare to the national average?

Cherry Creek's median rent of $1,894/mo is $71 (4%) below the US national median of $1,965/mo. Within Colorado, it ranks #46 out of 66 tracked cities.
Income Affordability
15%
VERY AFFORDABLE

At $1,894/mo, rent takes ~15% of Cherry Creek's median household income ($153,776/yr). The standard benchmark is 30%.

Cherry Creek 15%Benchmark 30%
State income tax4.4%
Run the Cherry Creek affordability calculator →
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Cherry Creek, CO

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