Rents are 12% below what Greenwood Village'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 $2,224 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
January. Asking rents in Greenwood Village usually run 2.4% below trend in January and 2.4% above it in August, about $107 a month apart at today's median. Based on 8 years of data.
Rent in Greenwood Village is 3.7% below its high of $2,309 in March 2023, at $2,224 as of September 2026.
Rent in Greenwood Village changed +1.8% over the year to September 2026. Across the 60 Colorado cities Zillow tracks, the typical change was +1.4%.
Rent in Greenwood Village is 18% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent rose in 7 of the last 12 months.
30% of the median household income ($149,029) is $3,726 a month. That covers HUD's Fair Market Rent for up to a 4-bedroom ($3,680).
Meridian, 5 miles away, rents for 12% less ($1,955/mo), about $3,200 a year in savings.
From Zillow's monthly rent index (ZORI) for Greenwood Village. 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
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.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Greenwood Village, CO has changed in 5 years
Since 2021, the typical rent in Greenwood Village, CO has climbed from $1,950 to $2,224, a 14.1% change over five years. Census figures show median household income at $149,029 today, compared with $129,416 five years earlier. The combined trend lines point to a market that has changed measurably from where it stood in early 2021.
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Can you afford rent in Greenwood Village on your salary?
At $2,224/mo, how Greenwood Village rent compares to typical pay (30% rule).
Greenwood Village rent by bedroom count
Median rent for each apartment size in Greenwood Village. Click any size for full breakdown.
Tips for renters in Greenwood Village
Last updated: October 17, 2026
The median rent in Greenwood Village is $2,224/mo as of October 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 1.8% over the past year.
Frequently asked questions
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Is rent going up or down in Greenwood Village?
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How does Greenwood Village rent compare to other cities in Colorado?
At $2,224/mo, rent takes ~18% of Greenwood Village's median household income ($149,029/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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