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City Report · CO

Monument

Pop. 11,735·30th most expensive in Colorado·Monument rents are up 15.7% over the past year
Median rent (all units)
$2,148/mo
Year-over-Year
+15.7%
Month-over-Month
+0.6%
vs US Median
+$183
Rising (Monthly)
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Most AffordableMost Expensive
Monument · $2,148
More expensive than 67% of US cities · National median $1,965/mo
Rent Reality Score
44/100
Fairly priced
OverheatedFairGreat value

Rents are 3% above what Monument's 10-year trend predicts — running hotter than its own history.

Actual rent
$2,148/mo
Expected by trend
$2,081/mo
The Rent Reality Score compares today's median rent to where Monument's own long-run trajectory projects it should be. See the full rankings →
Medians by bedroom

Rent by unit size

Studio
$1,650
1 BR
$1,990
2 BR
$2,400
3 BR
$3,360
4 BR+
$3,840
Research median
$2,400/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
$25,776/yr
At $2,148/mo median
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 15.7% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+15.7% YoY, +0.6% MoM), not inventory.
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Demographics

Who lives here

Monument, CO is majority owner-occupied, has a large share of families with children, has a median income above the national average, 57.7% of residents hold a bachelor's degree or higher.

Population
11,735
Median income
$128,816
Median age
38.3
Renters
23.9%
Age distribution
26.8%
19.5%
29.4%
12.9%
Under 1826.8%
18–3419.5%
35–5429.4%
55–6411.4%
65+12.9%
Gender
46%
54%
Male46%
Female54%
Race & ethnicity
84.7%
White84.7%
Black0.7%
Hispanic8.8%
Asian2.9%
Other2.9%
Education (25+)
16.5%
23.6%
57.7%
No HS diploma2.3%
HS diploma16.5%
Some college23.6%
Bachelor's+57.7%
Housing tenure
76.1%
23.9%
Owner76.1%
Renter23.9%

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

2021 vs 2026

How Monument, CO has changed in 5 years

Rent
$1,721 → $2,148
up 24.8%
Income
$102,278 → $128,816
up 25.9%
Population
10,026 → 11,735
up 17.0%
Renter share
23.5% → 23.9%
+0.4 pts
Bachelor's+
53.5% → 57.7%
+4.2 pts
Median age
39.8 → 38.3
-1.5 yrs

The median rent in Monument, CO stood at $1,721 in 2021 and currently runs about $2,148, reflecting a 24.8% increase over the period. Census figures show median household income at $128,816 today, compared with $102,278 five years earlier. The population has grown by 17.0% since 2021, moving from about 10,026 residents to roughly 11,735. College-educated residents now make up 57.7% of adults here, versus 53.5% in 2021. The combined trend lines point to a market that has changed measurably from where it stood in early 2021.

Community

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View Monument rent history (2015–2026) →
Salary vs rent

Can you afford rent in Monument on your salary?

At $2,148/mo, how Monument rent compares to typical pay (30% rule).

By apartment size

Monument rent by bedroom count

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

Local insights

Tips for renters in Monument

About renting in Monument, CO

Last updated: July 20, 2026

The median rent in Monument is $2,148/mo as of July 2026. A studio apartment averages $1,650/mo while a 2-bedroom runs $2,400/mo. One-bedroom apartments average $1,990/mo and 3-bedroom units go for $3,360/mo.

At 20% of local median household income ($128,816/yr), Monument ranks as affordable compared to the national benchmark of 30%. Rents have increased 15.7% over the past year.

FAQ

Frequently asked questions

Is Monument an affordable city for renters?

Monument is considered very affordable for renters. At $2,148/mo, rent takes approximately 20% of the local median household income ($128,816/yr). The standard benchmark is 30%. Monument falls comfortably within that range.

How much income do you need to rent in Monument?

To keep rent at or below 30% of gross income, you would need to earn at least $86,000/year (~$41/hour full-time) to afford the median rent of $2,148/mo in Monument. The local median household income is $128,816/yr, meaning the typical Monument household meets that threshold.

Is rent going up or down in Monument?

Rent in Monument has increased 15.7% over the past year as of July 2026, putting upward pressure on renter budgets.

How does Monument rent compare to other cities in Colorado?

Monument is middle-of-the-pack for Colorado for rent, ranking #30 out of 66 tracked cities at $2,148/mo.

Which nearby cities are cheaper to rent in than Monument?

Several nearby cities have lower median rents than Monument ($2,148/mo): Manitou Springs ($1,323/mo), Colorado Springs ($1,739/mo), Stratmoor ($1,861/mo).

What percentage of Monument residents rent vs. own?

According to Census data, approximately 23.9% of Monument households are renters, while 76.1% are owner-occupied. Monument leans toward homeownership, which can mean a smaller rental inventory.

How does Monument rent compare to the national average?

Monument's median rent of $2,148/mo is $183 (9%) above the US national median of $1,965/mo. Within Colorado, it ranks #30 out of 66 tracked cities.
Income Affordability
20%
VERY AFFORDABLE

At $2,148/mo, rent takes ~20% of Monument's median household income ($128,816/yr). The standard benchmark is 30%.

Monument 20%Benchmark 30%
State income tax4.4%
Run the Monument affordability calculator →
Lowest-rent ZIP codes in Monument
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Neighborhoods

Estimated from ZIP-level data

Schools nearby

Public schools near Monument, CO

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