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City Report · CO

Greenwood Village

Pop. 15,420·25th most expensive in Colorado·Greenwood Village rents are up 12.9% over the past year
Median rent (all units)
$2,243/mo
Year-over-Year
+12.9%
Month-over-Month
+1.7%
vs US Median
+$281
Rising (Monthly)
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Most AffordableMost Expensive
Greenwood Village · $2,243
More expensive than 71% of US cities · National median $1,962/mo
Rent Reality Score
59/100
Fairly priced
OverheatedFairGreat value

Rents are 5% below what Greenwood Village's 10-year trend predicts — a better deal than its own history suggests.

Actual rent
$2,243/mo
Expected by trend
$2,351/mo
The Rent Reality Score compares today's median rent to where Greenwood Village's own long-run trajectory projects it should be. See the full rankings →
Medians by bedroom

Rent by unit size

Studio
$1,930
1 BR
$2,110
2 BR
$2,520
3 BR
$3,290
4 BR+
$3,680
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 $2,243 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

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Last updated: August 17, 2026

Annual cost
$26,916/yr
At $2,243/mo median
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 12.9% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+12.9% YoY, +1.7% MoM), not inventory.
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Demographics

Who lives here

Greenwood Village, CO is majority owner-occupied, has a median income above the national average, 78.6% of residents hold a bachelor's degree or higher.

Population
15,420
Median income
$149,029
Median age
45.6
Renters
35.9%
Age distribution
20%
17.4%
29.1%
13.5%
20%
Under 1820%
18–3417.4%
35–5429.1%
55–6413.5%
65+20%
Gender
50.6%
49.4%
Male50.6%
Female49.4%
Race & ethnicity
80%
White80%
Black1.2%
Hispanic7.5%
Asian9.6%
Other1.7%
Education (25+)
14.5%
78.6%
No HS diploma1.2%
HS diploma5.8%
Some college14.5%
Bachelor's+78.6%
Housing tenure
64.1%
35.9%
Owner64.1%
Renter35.9%

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

2021 vs 2026

How Greenwood Village, CO has changed in 5 years

Rent
$1,789 → $2,243
up 25.4%
Income
$129,416 → $149,029
up 15.2%
Population
15,548 → 15,420
down 0.8%
Renter share
34.8% → 35.9%
+1.1 pts
Bachelor's+
77.8% → 78.6%
+0.8 pts
Median age
44.2 → 45.6
+1.4 yrs

Since 2021, the typical rent in Greenwood Village, CO has climbed from $1,789 to $2,243, a 25.4% change over five years. Census figures show median household income at $149,029 today, compared with $129,416 five years earlier. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The combined trend lines point to a market that has changed measurably from where it stood in early 2021.

Community

Discussions about Greenwood Village

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View Greenwood Village rent history (2015–2026) →
Salary vs rent

Can you afford rent in Greenwood Village on your salary?

At $2,243/mo, how Greenwood Village rent compares to typical pay (30% rule).

By apartment size

Greenwood Village rent by bedroom count

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

Local insights

Tips for renters in Greenwood Village

About renting in Greenwood Village, CO

Last updated: August 17, 2026

The median rent in Greenwood Village is $2,243/mo as of August 2026. A studio apartment averages $1,930/mo while a 2-bedroom runs $2,520/mo. One-bedroom apartments average $2,110/mo and 3-bedroom units go for $3,290/mo.

At 18% of local median household income ($149,029/yr), Greenwood Village ranks as affordable compared to the national benchmark of 30%. Rents have increased 12.9% over the past year.

FAQ

Frequently asked questions

Is Greenwood Village an affordable city for renters?

Greenwood Village is considered very affordable for renters. At $2,243/mo, rent takes approximately 18% of the local median household income ($149,029/yr). The standard benchmark is 30%. Greenwood Village falls comfortably within that range.

How much income do you need to rent in Greenwood Village?

To keep rent at or below 30% of gross income, you would need to earn at least $90,000/year (~$43/hour full-time) to afford the median rent of $2,243/mo in Greenwood Village. The local median household income is $149,029/yr, meaning the typical Greenwood Village household meets that threshold.

Is rent going up or down in Greenwood Village?

Rent in Greenwood Village has increased 12.9% over the past year as of August 2026, putting upward pressure on renter budgets.

How does Greenwood Village rent compare to other cities in Colorado?

Greenwood Village is middle-of-the-pack for Colorado for rent, ranking #25 out of 67 tracked cities at $2,243/mo.

Which nearby cities are cheaper to rent in than Greenwood Village?

Several nearby cities have lower median rents than Greenwood Village ($2,243/mo): Glendale ($1,520/mo), Meridian ($1,940/mo), Lone Tree ($1,988/mo).

What percentage of Greenwood Village residents rent vs. own?

According to Census data, approximately 35.9% of Greenwood Village households are renters, while 64.1% are owner-occupied. Greenwood Village leans toward homeownership, which can mean a smaller rental inventory.

How does Greenwood Village rent compare to the national average?

Greenwood Village's median rent of $2,243/mo is $281 (14%) above the US national median of $1,962/mo. Within Colorado, it ranks #25 out of 67 tracked cities.
Income Affordability
18%
VERY AFFORDABLE

At $2,243/mo, rent takes ~18% of Greenwood Village's median household income ($149,029/yr). The standard benchmark is 30%.

Greenwood Village 18%Benchmark 30%
State income tax4.4%
Run the Greenwood Village affordability calculator →
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Greenwood Village, CO

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