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City Report · CO

Manitou Springs

Pop. 4,735·65th most expensive in Colorado·One of the most affordable rental markets in the US
Median rent (all units)
$1,325/mo
Year-over-Year
-1.5%
Month-over-Month
+0.1%
vs US Median
-$637
Stable (Monthly)
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Most AffordableMost Expensive
Manitou Springs · $1,325
More affordable than 86% of US cities · National median $1,962/mo
Affordability
19% of income
VERY AFFORDABLE
0%30% benchmark60%+

At $1,325/mo, rent takes about 19% of the local median household income, comfortably within the 30% benchmark.

Income to afford
$53,000/yr
Local median income
$85,000/yr
Based on the 30%-of-income rule using Manitou Springs's median rent and household income. See the full affordability breakdown →
Medians by bedroom

Rent by unit size

Studio
$920
1 BR
$1,110
2 BR
$1,340
3 BR
$1,880
4 BR+
$2,150
Fair Market Rent (HUD)
$1,340/mo

These are HUD Fair Market Rents, the payment standard for a Housing Choice Voucher (Section 8). They often differ from the $1,325 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
$15,900/yr
At $1,325/mo median
Rent Market Meter
Balanced Market
Renter's MarketBalancedLandlord's Market
Rents are roughly steady, with neither renters nor landlords holding a strong edge right now.
Based on rent-price momentum (-1.5% YoY, +0.1% MoM), not inventory.
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Demographics

Who lives here

Manitou Springs, CO is majority owner-occupied, 57.2% of residents hold a bachelor's degree or higher.

Population
4,735
Median income
$85,000
Median age
47.3
Renters
38.4%
Age distribution
14%
21.7%
30.2%
14.7%
19.4%
Under 1814%
18–3421.7%
35–5430.2%
55–6414.7%
65+19.4%
Gender
49.9%
50.1%
Male49.9%
Female50.1%
Race & ethnicity
90.5%
White90.5%
Hispanic5.6%
Asian2.7%
Other1%
Education (25+)
16.1%
23.9%
57.2%
No HS diploma2.9%
HS diploma16.1%
Some college23.9%
Bachelor's+57.2%
Housing tenure
61.6%
38.4%
Owner61.6%
Renter38.4%

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

2021 vs 2026

How Manitou Springs, CO has changed in 5 years

Income
$65,703 → $85,000
up 29.4%
Population
4,912 → 4,735
down 3.6%
Renter share
48.1% → 38.4%
-9.7 pts
Bachelor's+
56.5% → 57.2%
+0.7 pts
Median age
42.8 → 47.3
+4.5 yrs

On the earnings side, the typical household in Manitou Springs, CO now reports about $85,000, up from $65,703 in 2021. Headcount in the area went from 4,912 to 4,735 between 2021 and 2024, a 3.6% change. About 38.4% of households rent today, against 48.1% in 2021.

Community

Discussions about Manitou Springs

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View Manitou Springs rent history (2015–2026) →
Salary vs rent

Can you afford rent in Manitou Springs on your salary?

At $1,325/mo, how Manitou Springs rent compares to typical pay (30% rule).

By apartment size

Manitou Springs rent by bedroom count

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

Local insights

Tips for renters in Manitou Springs

About renting in Manitou Springs, CO

Last updated: August 17, 2026

The median rent in Manitou Springs is $1,325/mo as of August 2026. A studio apartment averages $920/mo while a 2-bedroom runs $1,340/mo. One-bedroom apartments average $1,110/mo and 3-bedroom units go for $1,880/mo.

At 19% of local median household income ($85,000/yr), Manitou Springs ranks as affordable compared to the national benchmark of 30%. Rents have decreased 1.5% over the past year.

FAQ

Frequently asked questions

Is Manitou Springs an affordable city for renters?

Manitou Springs is considered very affordable for renters. At $1,325/mo, rent takes approximately 19% of the local median household income ($85,000/yr). The standard benchmark is 30%. Manitou Springs falls comfortably within that range.

How much income do you need to rent in Manitou Springs?

To keep rent at or below 30% of gross income, you would need to earn at least $53,000/year (~$25/hour full-time) to afford the median rent of $1,325/mo in Manitou Springs. The local median household income is $85,000/yr, meaning the typical Manitou Springs household meets that threshold.

Is rent going up or down in Manitou Springs?

Rent in Manitou Springs has decreased 1.5% over the past year as of August 2026, offering some relief compared to 12 months ago.

How does Manitou Springs rent compare to other cities in Colorado?

Manitou Springs is one of the more affordable cities in Colorado for rent, ranking #65 out of 67 tracked cities at $1,325/mo.

What percentage of Manitou Springs residents rent vs. own?

According to Census data, approximately 38.4% of Manitou Springs households are renters, while 61.6% are owner-occupied. Manitou Springs leans toward homeownership, which can mean a smaller rental inventory.

How does Manitou Springs rent compare to the national average?

Manitou Springs's median rent of $1,325/mo is $637 (32%) below the US national median of $1,962/mo. Within Colorado, it ranks #65 out of 67 tracked cities.
Income Affordability
19%
VERY AFFORDABLE

At $1,325/mo, rent takes ~19% of Manitou Springs's median household income ($85,000/yr). The standard benchmark is 30%.

Manitou Springs 19%Benchmark 30%
State income tax4.4%
Run the Manitou Springs affordability calculator →
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Manitou Springs, CO

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