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City Report · CO

Manitou Springs

Pop. 4,735·64th most expensive in Colorado·One of the most affordable rental markets in the US
Median rent (all units)
$1,323/mo
Year-over-Year
-3.3%
Month-over-Month
-2.1%
vs US Median
-$642
Falling (Monthly)
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Most AffordableMost Expensive
Manitou Springs · $1,323
More affordable than 86% of US cities · National median $1,965/mo
Affordability
19% of income
VERY AFFORDABLE
0%30% benchmark60%+

At $1,323/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
Research median
$1,340/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$15,876/yr
At $1,323/mo median
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 3.3% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (-3.3% YoY, -2.1% 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

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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 $1,323/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: July 20, 2026

The median rent in Manitou Springs is $1,323/mo as of July 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 3.3% 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 $1,323/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 $1,323/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 3.3% over the past year as of July 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 #64 out of 66 tracked cities at $1,323/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 $1,323/mo is $642 (33%) below the US national median of $1,965/mo. Within Colorado, it ranks #64 out of 66 tracked cities.
Income Affordability
19%
VERY AFFORDABLE

At $1,323/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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