Rents are 10% below what Cherry Creek'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 $1,957 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
Rent in Cherry Creek is 7.4% below its high of $2,114 in November 2024, at $1,957 as of September 2026.
Rent in Cherry Creek changed -7.0% over the year to September 2026. Across the 60 Colorado cities Zillow tracks, the typical change was +1.4%.
Rent has fallen 7 months in a row, and rose in 2 of the last 12 months.
30% of the median household income ($153,776) is $3,844 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($3,302).
Aurora, 11 miles away, rents for 11% less ($1,742/mo), about $2,600 a year in savings.
From Zillow's monthly rent index (ZORI) for Cherry Creek. 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
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.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Cherry Creek, CO has changed in 5 years
Across the past five years, the going rent in Cherry Creek, CO has shifted from $1,980 to $1,957, down 1.2% 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.
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Can you afford rent in Cherry Creek on your salary?
At $1,957/mo, how Cherry Creek rent compares to typical pay (30% rule).
Cherry Creek rent by bedroom count
Median rent for each apartment size in Cherry Creek. Click any size for full breakdown.
Tips for renters in Cherry Creek
Last updated: October 17, 2026
The median rent in Cherry Creek is $1,957/mo as of October 2026. A studio apartment averages $2,450/mo while a 2-bedroom runs $2,017/mo. One-bedroom apartments average $1,951/mo and 3-bedroom units go for $2,027/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 7.0% over the past year.
Frequently asked questions
How much income do you need to rent in Cherry Creek?
Is rent going up or down in Cherry Creek?
How does Cherry Creek rent compare to other cities in Colorado?
At $1,957/mo, rent takes ~15% of Cherry Creek's median household income ($153,776/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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