Rents are 9% below what Parker'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 $2,211 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
December. Asking rents in Parker usually run 1.5% below trend in December and 1.4% above it in July, about $64 a month apart at today's median. Based on 11 years of data.
Rent in Parker is 2.6% below its high of $2,271 in July 2025, at $2,211 as of September 2026.
Rent in Parker changed -1.5% over the year to September 2026. Across the 60 Colorado cities Zillow tracks, the typical change was +1.4%.
From 2019 to 2024, rent in Parker rose 28.2% while median household income rose 20.2% ($110,934 to $133,369). Rent outpaced income.
Rent in Parker is 23.2% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.
Rent rose in 3 of the last 12 months.
30% of the median household income ($133,369) is $3,334 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($3,140); a 4-bedroom is $3,515.
Cherry Creek, 4 miles away, rents for 11% less ($1,957/mo), about $3,000 a year in savings.
From Zillow's monthly rent index (ZORI) for Parker. 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
Parker, CO is majority owner-occupied, has a large share of families with children, has a median income above the national average, 56% of residents hold a bachelor's degree or higher.
Source: U.S. Census Bureau · ACS 2024 5-Year Estimates
How Parker, CO has changed in 5 years
Rent in Parker, CO has increased 20.0% since 2021, going from about $1,843 per month to roughly $2,211 today. Local incomes tracked alongside that move, going from a median of $120,075 in 2021 to $133,369 more recently. Rent outpaced income growth by roughly 8.9 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. Headcount in the area went from 57,311 to 61,783 between 2021 and 2024, a 7.8% change. About 28.2% of households rent today, against 25.1% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 52.5% to 56%. These shifts give renters and would-be renters a longer baseline for sizing up today's listings against the Parker, CO market of 2021.
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At $2,211/mo, how Parker rent compares to typical pay (30% rule).
Parker rent by bedroom count
Median rent for each apartment size in Parker. Click any size for full breakdown.
Tips for renters in Parker
Last updated: October 17, 2026
The median rent in Parker is $2,211/mo as of October 2026. A studio apartment averages $1,840/mo while a 2-bedroom runs $2,405/mo. One-bedroom apartments average $2,010/mo and 3-bedroom units go for $3,140/mo.
At 20% of local median household income ($133,369/yr), Parker ranks as affordable compared to the national benchmark of 30%. Rents have decreased 1.5% over the past year.
Frequently asked questions
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At $2,211/mo, rent takes ~20% of Parker's median household income ($133,369/yr). The standard benchmark is 30%.
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Estimated from ZIP-level data
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