Rents are 12% below what Colorado Springs'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 $1,717 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
December. Asking rents in Colorado Springs usually run 0.9% below trend in December and 0.7% above it in August, about $27 a month apart at today's median. Based on 11 years of data.
Rent in Colorado Springs is at its highest level since Zillow's records here began in January 2015.
Rent in Colorado Springs changed +2.8% 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 Colorado Springs rose 33.3% while median household income rose 31.1% ($64,712 to $84,818). Rent outpaced income.
Rent in Colorado Springs is 30.6% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent has risen 9 months in a row, and rose in 9 of the last 12 months.
30% of the median household income ($84,818) is $2,120 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,960); a 3-bedroom is $2,745.
The priciest of 21 ZIP codes in Colorado Springs, 80925 ($2,473/mo), costs 1.9 times the cheapest, 80909 ($1,276/mo).
Manitou Springs, 10 miles away, rents for 19% less ($1,390/mo), about $3,900 a year in savings.
From Zillow's monthly rent index (ZORI) for Colorado Springs. 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
Colorado Springs, CO is majority owner-occupied, 42.7% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Colorado Springs, CO has changed in 5 years
The median rent in Colorado Springs, CO stood at $1,437 in 2021 and currently runs about $1,717, reflecting a 19.5% increase over the period. Local incomes tracked alongside that move, going from a median of $71,957 in 2021 to $84,818 more recently. The population has grown by 2.7% since 2021, moving from about 475,282 residents to roughly 487,887. College-educated residents now make up 42.7% of adults here, versus 40.2% in 2021. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the Colorado Springs, CO market of 2021.
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Can you afford rent in Colorado Springs on your salary?
At $1,717/mo, how Colorado Springs rent compares to typical pay (30% rule).
Colorado Springs rent by bedroom count
Median rent for each apartment size in Colorado Springs. Click any size for full breakdown.
Tips for renters in Colorado Springs
Last updated: October 17, 2026
The median rent in Colorado Springs is $1,717/mo as of October 2026. A studio apartment averages $1,342/mo while a 2-bedroom runs $1,960/mo. One-bedroom apartments average $1,621/mo and 3-bedroom units go for $2,745/mo.
At 24% of local median household income ($84,818/yr), Colorado Springs ranks as affordable compared to the national benchmark of 30%. Rents have increased 2.8% over the past year.
Frequently asked questions
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Which nearby cities are cheaper to rent in than Colorado Springs?
At $1,717/mo, rent takes ~24% of Colorado Springs's median household income ($84,818/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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