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

As of August 2026, the median monthly rent in Erie, CO is $2,920. This figure is based on aggregated data from public sources and community-submitted rents.

Is Erie cheaper than other Colorado cities?

Erie is one of the pricier cities in Colorado, ranking #9 out of 67 cities tracked at $2,920/mo.

When was Erie rent data last updated?

Erie rent data reflects August 2026 and was last refreshed on August 17, 2026. RentDataNow refreshes all data monthly using public and private datasets.

What is the Fair Market Rent in Erie, CO?

HUD sets the Fair Market Rent for a two-bedroom home in Erie, CO at $2,520 per month, which is 14% below the $2,920 market median. Fair Market Rent is the Housing Choice Voucher (Section 8) payment standard. It is a 40th-percentile gross rent that includes essential utilities such as electricity, water, gas, sewer, and trash, and HUD updates it once a year, so it measures something different from current market asking rent.

City Report · CO

Erie

Name: Average Rent Prices in Erie, CO
Creator: RentDataNow
License: https://creativecommons.org/licenses/by/4.0/

Pop. 33,808·9th most expensive in Colorado·Erie rents are up 12.4% over the past year

Median rent (all units)

$2,920/mo

Year-over-Year

+12.4%

Month-over-Month

-2.3%

vs US Median

+$958

Falling (Monthly)

Be the first to discuss Erie rents ↓

Most AffordableMost Expensive

Erie · $2,920

More expensive than 89% of US cities · National median $1,962/mo

Rent Reality Score

52/100

Fairly priced

OverheatedFairGreat value

Rents are right about where Erie's 10-year trend predicts.

Actual rent

$2,920/mo

Expected by trend

$2,943/mo

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

Medians by bedroom

Rent by unit size

Studio

$1,810

1 BR

$2,030

2 BR

$2,520

3 BR

$3,430

4 BR+

$3,920

Fair Market Rent (HUD)

$2,520/mo

These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $2,920 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 →

Rent trends

12-month history

Loading…

Last updated: August 17, 2026

Annual cost

$35,040/yr

At $2,920/mo median

Rent Market Meter

Strong Landlord's Market

Renter's MarketBalancedLandlord's Market

Rents are up 12.4% year-over-year. Expect competition, and move quickly to lock in terms.

Based on rent-price momentum (+12.4% YoY, -2.3% MoM), not inventory.

Rent check

Is your rent fair?

Compare your rent to the local median.

Demographics

Who lives here

Erie, CO is majority owner-occupied, has a large share of families with children, has a median income above the national average, 69.6% of residents hold a bachelor's degree or higher.

Population

33,808

Median income

$173,349

Median age

37.6

Renters

12.4%

Age distribution

28.6%

15.9%

35.5%

Under 1828.6%

18–3415.9%

35–5435.5%

55–6410.2%

65+9.9%

Gender

49.9%

50.1%

Male49.9%

Female50.1%

Race & ethnicity

80.7%

White80.7%

Hispanic10.4%

Asian6.2%

Other2.6%

Education (25+)

18.5%

69.6%

No HS diploma2.1%

HS diploma9.8%

Some college18.5%

Bachelor's+69.6%

Housing tenure

87.6%

12.4%

Owner87.6%

Renter12.4%

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

2021 vs 2026

How Erie, CO has changed in 5 years

Rent

$2,115 → $2,920

up 38.1%

Income

$140,409 → $173,349

up 23.5%

Population

29,367 → 33,808

up 15.1%

Renter share

14.1% → 12.4%

-1.7 pts

Bachelor's+

64.6% → 69.6%

+5.0 pts

Median age

37.1 → 37.6

+0.5 yrs

Rent in Erie, CO has increased 38.1% since 2021, going from about $2,115 per month to roughly $2,920 today. Census figures show median household income at $173,349 today, compared with $140,409 five years earlier. Rent outpaced income growth by roughly 14.6 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. Headcount in the area went from 29,367 to 33,808 between 2021 and 2024, a 15.1% change. About 12.4% of households rent today, against 14.1% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 64.6% to 69.6%. The combined trend lines point to a market that has changed measurably from where it stood in early 2021.

Community

Discussions about Erie

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View Erie rent history (2015–2026) →

Salary vs rent

Can you afford rent in Erie on your salary?

At $2,920/mo, how Erie rent compares to typical pay (30% rule).

Registered Nurse

Avg $99,204/yr · Rent = 35.3% income

stretched

Elementary School Teacher

Avg $70,434/yr · Rent = 49.7% income

rent-burdened

Police Officer

Avg $81,134/yr · Rent = 43.2% income

rent-burdened

Software Developer

Avg $145,016/yr · Rent = 24.2% income

affordable

Lawyer

Avg $185,294/yr · Rent = 18.9% income

very comfortable

Firefighter

Avg $65,951/yr · Rent = 53.1% income

severely rent-burdened

Truck Driver

Avg $59,546/yr · Rent = 58.8% income

severely rent-burdened

Electrician

Avg $73,395/yr · Rent = 47.7% income

rent-burdened

By apartment size

Erie rent by bedroom count

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

Local insights

Tips for renters in Erie

About renting in Erie, CO

Last updated: August 17, 2026

The median rent in Erie is $2,920/mo as of August 2026. A studio apartment averages $1,810/mo while a 2-bedroom runs $2,520/mo. One-bedroom apartments average $2,030/mo and 3-bedroom units go for $3,430/mo.

At 20% of local median household income ($173,349/yr), Erie ranks as affordable compared to the national benchmark of 30%. Rents have increased 12.4% over the past year.

FAQ

Frequently asked questions

Is Erie an affordable city for renters?

Erie is considered very affordable for renters. At $2,920/mo, rent takes approximately 20% of the local median household income ($173,349/yr). The standard benchmark is 30%. Erie falls comfortably within that range.

How much income do you need to rent in Erie?

To keep rent at or below 30% of gross income, you would need to earn at least $117,000/year (~$56/hour full-time) to afford the median rent of $2,920/mo in Erie. The local median household income is $173,349/yr, meaning the typical Erie household meets that threshold.

Is rent going up or down in Erie?

Rent in Erie has increased 12.4% over the past year as of August 2026, putting upward pressure on renter budgets.

How does Erie rent compare to other cities in Colorado?

Erie is one of the pricier cities in Colorado for rent, ranking #9 out of 67 tracked cities at $2,920/mo.

Which nearby cities are cheaper to rent in than Erie?

Several nearby cities have lower median rents than Erie ($2,920/mo): Northglenn ($1,509/mo), Longmont ($1,922/mo), Broomfield ($2,081/mo).

What percentage of Erie residents rent vs. own?

According to Census data, approximately 12.4% of Erie households are renters, while 87.6% are owner-occupied. Erie leans toward homeownership, which can mean a smaller rental inventory.