ZIP Code · CO

ZIP 80015

Pop. 72,316·Arapahoe County·20th most expensive ZIP in Colorado
Median rent (all units)
$2,679/mo
Year-over-Year
+0.6%
Month-over-Month
Stable
vs US Median
+$747
Reported rents
Stable (Monthly)
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Most AffordableMost Expensive
ZIP 80015 · $2,679
More expensive than 84% of US ZIP codes · National median $1,932/mo
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Medians by bedroom

Rent by unit size

Studio
$1,940
1 BR
$2,070
2 BR
$2,470
3 BR
$3,230
4 BR+
$3,610
Research median
$2,470/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: October 17, 2026

From the history

What the numbers show

Cheapest month to sign

December. Asking rents in ZIP 80015 usually run 1.2% below trend in December and 1.2% above it in July, about $64 a month apart at today's median. Based on 11 years of data.

Compared with the peak

Rent in ZIP 80015 is 0.5% below its high of $2,693 in March 2025, at $2,679 as of September 2026.

Past year vs. the rest of Colorado

Rent in ZIP 80015 changed +0.6% over the year to September 2026. Across the 155 Colorado ZIP codes Zillow tracks, the typical change was +1.3%.

Rent vs. income since 2019

From 2019 to 2024, rent in ZIP 80015 rose 30.8% while median household income rose 21.5% ($102,611 to $124,702). Rent outpaced income.

Since before the pandemic

Rent in ZIP 80015 is 30.4% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

Recent direction

Rent has risen 6 months in a row, and rose in 7 of the last 12 months.

What a typical income covers

30% of the median household income ($124,702) is $3,118 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($2,470); a 3-bedroom is $3,230.

Rank in Centennial

4th cheapest of 4 ZIP codes in Centennial.

Cheaper nearby

ZIP 80013, 2 miles away, rents for 29% less ($1,911/mo), about $9,200 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 80015. 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.

Annual cost
$32,148/yr
At $2,679/mo median
Location
StateCO
CountyArapahoe County
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 (+0.6% YoY, +0.1% MoM), not inventory.
Demographics

Who lives here

ZIP 80015 (Centennial, CO) is majority owner-occupied, has a median income above the national average, 48.5% of residents hold a bachelor's degree or higher.

Population
72,316
Median income
$124,702
Median age
39.5
Renters
17.8%
Age distribution
23.3%
20.4%
29.8%
13.7%
12.7%
Under 1823.3%
18–3420.4%
35–5429.8%
55–6413.7%
65+12.7%
Gender
51.7%
48.3%
Male51.7%
Female48.3%
Race & ethnicity
63.5%
15.6%
White63.5%
Black9.8%
Hispanic15.6%
Asian8.5%
Other2.7%
Education (25+)
16.7%
28.9%
48.5%
No HS diploma5.9%
HS diploma16.7%
Some college28.9%
Bachelor's+48.5%
Housing tenure
82.2%
17.8%
Owner82.2%
Renter17.8%

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

2021 vs 2026

How ZIP 80015 in Centennial, CO has changed in 5 years

Rent
$2,204 → $2,679
up 21.6%
Income
$108,577 → $124,702
up 14.9%
Population
71,786 → 72,316
up 0.7%
Renter share
17.7% → 17.8%
+0.1 pts
Bachelor's+
48.9% → 48.5%
-0.4 pts
Median age
38.2 → 39.5
+1.3 yrs

The median rent in ZIP 80015 in Centennial, CO stood at $2,204 in 2021 and currently runs about $2,679, reflecting a 21.6% increase over the period. Median household income rose from $108,577 to $124,702 between 2021 and 2024, a 14.9% shift. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. Taken together, the five-year picture in ZIP 80015 in Centennial, CO reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.

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About renting in ZIP 80015

Last updated: October 17, 2026

ZIP code 80015 covers Centennial, CO. The median rent here is $2,679/mo as of October 2026. A 1-bedroom rents for a median of $2,070/mo. A 2-bedroom rents for a median of $2,470/mo.

At 26% of local median household income ($124,702/yr), ZIP 80015 ranks as affordable compared to the national benchmark of 30%. Rents have increased 0.6% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 80015?

To keep rent at or below 30% of gross income, you would need to earn at least $107,000/year (about $51/hour full-time) to afford the median rent of $2,679/mo in ZIP 80015. The local median household income is $124,702/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 80015?

Rent in ZIP 80015 has risen 0.6% over the past year as of September 2026. It sits 0.5% below its high of $2,693 in March 2025.

When is the cheapest time to rent in ZIP 80015?

Asking rents in ZIP 80015 are usually lowest in December, about 1.2% below their yearly trend, and highest in July, about 1.2% above it. At today's median that is a gap of roughly $64 a month. This pattern comes from 11 years of Zillow rent data.

Has rent outpaced income in ZIP 80015?

Yes. From 2019 to 2024, rent in ZIP 80015 rose 30.8% while median household income rose 21.5%, from $102,611 to $124,702. Rent is Zillow's yearly average; income is the Census 5-year estimate for the same years.

How does ZIP 80015 compare to other ZIPs in Colorado?

ZIP 80015 is one of the pricier among Colorado ZIP codes for rent, ranking #20 of 168 at $2,679/mo. Over the year to September 2026, rent in ZIP 80015 changed +0.6%, against a typical +1.3% across the 155 Colorado ZIP codes Zillow tracks.

How does ZIP 80015 compare to the rest of Centennial?

At $2,679/mo, ZIP 80015 is $476 above the Centennial citywide median of $2,203/mo. It is the 4th cheapest of 4 ZIP codes in Centennial.
Income Affordability
26%
AFFORDABLE

At $2,679/mo, rent takes ~26% of ZIP 80015's median household income ($124,702/yr). The standard benchmark is 30%.

ZIP 80015 26%Benchmark 30%
State income tax4.4%
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Schools nearby

Public schools near ZIP 80015 (Centennial, CO)

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