ZIP Code · CO

ZIP 80122

Pop. 32,195·Arapahoe County·33rd most expensive ZIP in Colorado
Median rent (all units)
$2,402/mo
Year-over-Year
-1.5%
Month-over-Month
-0.3%
vs US Median
+$470
Reported rents
Stable (Monthly)
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Most AffordableMost Expensive
ZIP 80122 · $2,402
More expensive than 77% of US ZIP codes · National median $1,932/mo
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Medians by bedroom

Rent by unit size

Studio
$1,890
1 BR
$2,010
2 BR
$2,400
3 BR
$3,140
4 BR+
$3,500
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: October 17, 2026

From the history

What the numbers show

Cheapest month to sign

November. Asking rents in ZIP 80122 usually run 0.8% below trend in November and 0.9% above it in August, about $41 a month apart at today's median. Based on 8 years of data.

Compared with the peak

Rent in ZIP 80122 is 2.1% below its high of $2,453 in January 2026, at $2,402 as of September 2026.

Past year vs. the rest of Colorado

Rent in ZIP 80122 changed -1.5% 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 80122 rose 26.7% while median household income rose 24.8% ($103,078 to $128,691). Rent outpaced income.

Since before the pandemic

Rent in ZIP 80122 is 24.6% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

Recent direction

Rent has fallen 3 months in a row, and rose in 5 of the last 12 months.

What a typical income covers

30% of the median household income ($128,691) is $3,217 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($3,140); a 4-bedroom is $3,500.

Rank in Centennial

2nd cheapest of 4 ZIP codes in Centennial.

Cheaper nearby

ZIP 80120, 3 miles away, rents for 19% less ($1,946/mo), about $5,500 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 80122. 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
$28,824/yr
At $2,402/mo median
Location
StateCO
CountyArapahoe County
Rent Market Meter
Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are softening (down 1.5% YoY), so renters have negotiating leverage.
Based on rent-price momentum (-1.5% YoY, -0.3% MoM), not inventory.
Demographics

Who lives here

ZIP 80122 (Centennial, CO) is majority owner-occupied, has a large retiree population, has a median income above the national average, 63.6% of residents hold a bachelor's degree or higher.

Population
32,195
Median income
$128,691
Median age
42.3
Renters
18%
Age distribution
21.4%
17.5%
26.9%
13.5%
20.7%
Under 1821.4%
18–3417.5%
35–5426.9%
55–6413.5%
65+20.7%
Gender
49.4%
50.6%
Male49.4%
Female50.6%
Race & ethnicity
82.8%
White82.8%
Black1.6%
Hispanic9.5%
Asian4.3%
Other1.8%
Education (25+)
21.5%
63.6%
No HS diploma3.1%
HS diploma11.8%
Some college21.5%
Bachelor's+63.6%
Housing tenure
82%
18%
Owner82%
Renter18%

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

2021 vs 2026

How ZIP 80122 in Centennial, CO has changed in 5 years

Rent
$1,994 → $2,402
up 20.5%
Income
$112,162 → $128,691
up 14.7%
Population
32,145 → 32,195
up 0.2%
Renter share
14.6% → 18%
+3.4 pts
Bachelor's+
61.2% → 63.6%
+2.4 pts
Median age
43.6 → 42.3
-1.3 yrs

Five years ago, renters in ZIP 80122 in Centennial, CO paid around $1,994 a month. That figure now sits near $2,402, up 20.5% from the 2021 baseline. Household income in the area moved from $112,162 to $128,691 across the same window, up 14.7% versus 2021. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. The renter share has risen from 14.6% to 18%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 61.2% to 63.6% across the same window. Reading these numbers side by side helps frame whether current listings in ZIP 80122 in Centennial, CO look reasonable against where the market sat half a decade ago.

Community

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Local insights

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About renting in ZIP 80122

Last updated: October 17, 2026

ZIP code 80122 covers Centennial, CO. The median rent here is $2,402/mo as of October 2026. A 1-bedroom rents for a median of $2,010/mo. A 2-bedroom rents for a median of $2,400/mo.

At 22% of local median household income ($128,691/yr), ZIP 80122 ranks as affordable compared to the national benchmark of 30%. Rents have decreased 1.5% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 80122?

To keep rent at or below 30% of gross income, you would need to earn at least $96,000/year (about $46/hour full-time) to afford the median rent of $2,402/mo in ZIP 80122. The local median household income is $128,691/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 80122?

Rent in ZIP 80122 has fallen 1.5% over the past year as of September 2026. It sits 2.1% below its high of $2,453 in January 2026.

When is the cheapest time to rent in ZIP 80122?

Asking rents in ZIP 80122 are usually lowest in November, about 0.8% below their yearly trend, and highest in August, about 0.9% above it. At today's median that is a gap of roughly $41 a month. This pattern comes from 8 years of Zillow rent data.

Has rent outpaced income in ZIP 80122?

Yes. From 2019 to 2024, rent in ZIP 80122 rose 26.7% while median household income rose 24.8%, from $103,078 to $128,691. Rent is Zillow's yearly average; income is the Census 5-year estimate for the same years.

How does ZIP 80122 compare to other ZIPs in Colorado?

ZIP 80122 is one of the pricier among Colorado ZIP codes for rent, ranking #33 of 168 at $2,402/mo. Over the year to September 2026, rent in ZIP 80122 changed -1.5%, against a typical +1.3% across the 155 Colorado ZIP codes Zillow tracks.

How does ZIP 80122 compare to the rest of Centennial?

At $2,402/mo, ZIP 80122 is $199 above the Centennial citywide median of $2,203/mo. It is the 2nd cheapest of 4 ZIP codes in Centennial.
Income Affordability
22%
VERY AFFORDABLE

At $2,402/mo, rent takes ~22% of ZIP 80122's median household income ($128,691/yr). The standard benchmark is 30%.

ZIP 80122 22%Benchmark 30%
State income tax4.4%
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Schools nearby

Public schools near ZIP 80122 (Centennial, CO)

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