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ZIP Code · CO

ZIP 80121

Pop. 18,029·Arapahoe County·51st most expensive ZIP in Colorado
Median rent (all units)
$2,244/mo
Year-over-Year
+5.4%
Month-over-Month
+24.7%
vs US Median
+$279
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 80121 · $2,244
More expensive than 71% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,530
1 BR
$1,640
2 BR
$1,950
3 BR
$2,550
4 BR+
$2,850
Research median
$1,950/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
$26,928/yr
At $2,244/mo median
Location
StateCO
CountyArapahoe County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 5.4% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+5.4% YoY, +24.7% MoM), not inventory.
Demographics

Who lives here

ZIP 80121 (Centennial, CO) is majority owner-occupied, has a large retiree population, has a median income above the national average, 66.2% of residents hold a bachelor's degree or higher.

Population
18,029
Median income
$142,056
Median age
47.8
Renters
12.9%
Age distribution
19.5%
14%
25.4%
15.2%
25.9%
Under 1819.5%
18–3414%
35–5425.4%
55–6415.2%
65+25.9%
Gender
48.2%
51.8%
Male48.2%
Female51.8%
Race & ethnicity
87.1%
White87.1%
Black1%
Hispanic8.6%
Asian1.4%
Other1.9%
Education (25+)
21%
66.2%
No HS diploma1.1%
HS diploma11.7%
Some college21%
Bachelor's+66.2%
Housing tenure
87.1%
12.9%
Owner87.1%
Renter12.9%

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

2021 vs 2026

How ZIP 80121 in Centennial, CO has changed in 5 years

Income
$112,568 → $142,056
up 26.2%
Population
17,918 → 18,029
up 0.6%
Renter share
14.6% → 12.9%
-1.7 pts
Bachelor's+
61.8% → 66.2%
+4.4 pts

On the earnings side, the typical household in ZIP 80121 in Centennial, CO now reports about $142,056, up from $112,568 in 2021. Renters now make up 12.9% of households, compared with 14.6% five years ago. College-educated residents now make up 66.2% of adults here, versus 61.8% in 2021.

Community

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Local insights

Tips for renters in ZIP 80121

About renting in ZIP 80121

Last updated: July 20, 2026

ZIP code 80121 covers Centennial, CO. The median rent here is $2,244/mo as of July 2026. A 1-bedroom rents for a median of $1,640/mo. A 2-bedroom rents for a median of $1,950/mo.

At 19% of local median household income ($142,056/yr), ZIP 80121 ranks as affordable compared to the national benchmark of 30%. Rents have increased 5.4% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 80121?

As of July 20, 2026, the median monthly rent in ZIP 80121 (Centennial, CO) is $2,244. This is based on aggregated data from public sources and community submissions.

How does ZIP 80121 rent compare to the US average?

ZIP 80121's median rent of $2,244/mo is $279 (14%) above the US national median of $1,965/mo.

How does ZIP 80121 compare to other ZIPs in Colorado?

ZIP 80121 is one of the pricier ZIP codes in Colorado, ranking #51 out of 166 ZIPs tracked at $2,244/mo.

How much income do you need to rent in ZIP 80121?

To keep rent at or below 30% of gross income, you would need to earn at least $90,000/year (~$43/hour full-time) to afford the median rent of $2,244/mo in ZIP 80121. The local median household income is $142,056/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 80121?

Rent in ZIP 80121 has increased 5.4% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 80121 an affordable place to rent?

ZIP 80121 is considered very affordable for renters. At $2,244/mo, rent takes approximately 19% of the local median household income ($142,056/yr). The standard benchmark is 30%. ZIP 80121 falls comfortably within that range.

What percentage of ZIP 80121 residents rent vs. own?

According to Census data, approximately 12.9% of ZIP 80121 households are renters, while 87.1% are owner-occupied. ZIP 80121 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 80121 compare to the rest of Centennial?

ZIP 80121 is pricier than Centennial as a whole. At $2,244/mo, it's $16 above the Centennial citywide median of $2,228/mo.

When was rent data for ZIP 80121 last updated?

Rent data for ZIP 80121 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
19%
VERY AFFORDABLE

At $2,244/mo, rent takes ~19% of ZIP 80121's median household income ($142,056/yr). The standard benchmark is 30%.

ZIP 80121 19%Benchmark 30%
State income tax4.4%
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Schools nearby

Public schools near ZIP 80121 (Centennial, CO)

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