At $2,913/mo, rent takes about 29% of the local median household income, comfortably within the 30% benchmark.
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 $2,913 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
30% of the median household income ($122,083) is $3,052 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($2,610); a 3-bedroom is $3,410.
From Zillow's monthly rent index (ZORI) for Morrison. 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
Morrison, CO is majority owner-occupied, has a large retiree population, has a median income above the national average, 50.4% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Morrison, CO has changed in 5 years
Census figures show median household income at $122,083 today, compared with $120,313 five years earlier. The population has grown by 3.5% since 2021, moving from about 398 residents to roughly 412. Renters now make up 26.3% of households, compared with 34.7% five years ago. College-educated residents now make up 50.4% of adults here, versus 38% in 2021.
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Can you afford rent in Morrison on your salary?
At $2,913/mo, how Morrison rent compares to typical pay (30% rule).
Morrison rent by bedroom count
Median rent for each apartment size in Morrison. Click any size for full breakdown.
Tips for renters in Morrison
Last updated: October 17, 2026
The median rent in Morrison is $2,913/mo as of October 2026. A studio apartment averages $2,000/mo while a 2-bedroom runs $2,610/mo. One-bedroom apartments average $2,180/mo and 3-bedroom units go for $3,410/mo.
At 29% of local median household income ($122,083/yr), Morrison ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.
Frequently asked questions
How much income do you need to rent in Morrison?
Is rent going up or down in Morrison?
How does Morrison rent compare to other cities in Colorado?
Which nearby cities are cheaper to rent in than Morrison?
At $2,913/mo, rent takes ~29% of Morrison's median household income ($122,083/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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