ZIP Code · CO

ZIP 80216

Part of Denver, CO
Pop. 17,330·Denver County·93rd most expensive ZIP in Colorado
Median rent (all units)
$1,910/mo
Year-over-Year
-0.2%
Month-over-Month
Stable
vs US Median
-$22
Reported rents
Stable (Monthly)
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Most AffordableMost Expensive
ZIP 80216 · $1,910
More expensive than 56% of US ZIP codes · National median $1,932/mo
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Medians by bedroom

Rent by unit size

Studio
$1,730
1 BR
$1,850
2 BR
$2,200
3 BR
$2,880
4 BR+
$3,210
Research median
$2,200/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

January. Asking rents in ZIP 80216 usually run 1.5% below trend in January and 2% above it in August, about $67 a month apart at today's median. Based on 8 years of data.

Compared with the peak

Rent in ZIP 80216 is 6.3% below its high of $2,039 in April 2023, at $1,910 as of September 2026.

Past year vs. the rest of Colorado

Rent in ZIP 80216 changed -0.2% 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 80216 rose 15.7% while median household income rose 35.6% ($60,591 to $82,143). Income kept ahead of rent.

Since before the pandemic

Rent in ZIP 80216 is 8.5% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

Recent direction

Rent has fallen 2 months in a row, and rose in 5 of the last 12 months.

What a typical income covers

30% of the median household income ($82,143) is $2,054 a month. That covers HUD's Fair Market Rent for up to a 1-bedroom ($1,850); a 2-bedroom is $2,200.

Rank in Denver

14th cheapest of 27 ZIP codes in Denver.

Cheaper nearby

ZIP 80218, 4 miles away, rents for 22% less ($1,489/mo), about $5,100 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 80216. 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
$22,920/yr
At $1,910/mo median
Location
CityDenver
StateCO
CountyDenver 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 (-0.2% YoY, -0.1% MoM), not inventory.
Demographics

Who lives here

ZIP 80216 (Denver, CO) is majority renter-occupied, skews toward younger working-age adults, 38.3% of residents hold a bachelor's degree or higher.

Population
17,330
Median income
$82,143
Median age
29.8
Renters
74.5%
Age distribution
18.6%
42.8%
24.7%
Under 1818.6%
18–3442.8%
35–5424.7%
55–647.8%
65+6.1%
Gender
52.9%
47.1%
Male52.9%
Female47.1%
Race & ethnicity
43.4%
49.5%
White43.4%
Black9.8%
Hispanic49.5%
Asian2%
Education (25+)
23.4%
18.7%
19.7%
38.3%
No HS diploma23.4%
HS diploma18.7%
Some college19.7%
Bachelor's+38.3%
Housing tenure
25.5%
74.5%
Owner25.5%
Renter74.5%

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

2021 vs 2026

How ZIP 80216 in Denver, CO has changed in 5 years

Rent
$1,732 → $1,910
up 10.3%
Income
$69,894 → $82,143
up 17.5%
Population
15,349 → 17,330
up 12.9%
Renter share
67.5% → 74.5%
+7.0 pts
Bachelor's+
34.4% → 38.3%
+3.9 pts

The median rent in ZIP 80216 in Denver, CO stood at $1,732 in 2021 and currently runs about $1,910, reflecting a 10.3% increase over the period. On the earnings side, the typical household in ZIP 80216 in Denver, CO now reports about $82,143, up from $69,894 in 2021. On paper, paychecks moved up faster than rent, which softens the affordability squeeze versus the 2021 baseline. The population has grown by 12.9% since 2021, moving from about 15,349 residents to roughly 17,330. Renters now make up 74.5% of households, compared with 67.5% five years ago. College-educated residents now make up 38.3% of adults here, versus 34.4% in 2021. For context, the 2021 to 2026 window covers an unusually volatile run for US rents nationally, and ZIP 80216 in Denver, CO reflects that arc in its own way.

Community

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Local insights

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About renting in ZIP 80216

Last updated: October 17, 2026

ZIP code 80216 covers Denver, CO. The median rent here is $1,910/mo as of October 2026. A 1-bedroom rents for a median of $1,850/mo. A 2-bedroom rents for a median of $2,200/mo.

At 28% of local median household income ($82,143/yr), ZIP 80216 ranks as affordable compared to the national benchmark of 30%. Rents have decreased 0.2% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 80216?

To keep rent at or below 30% of gross income, you would need to earn at least $76,000/year (about $37/hour full-time) to afford the median rent of $1,910/mo in ZIP 80216. The local median household income is $82,143/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 80216?

Rent in ZIP 80216 has been roughly flat over the past year as of September 2026, a -0.2% change. It sits 6.3% below its high of $2,039 in April 2023.

When is the cheapest time to rent in ZIP 80216?

Asking rents in ZIP 80216 are usually lowest in January, about 1.5% below their yearly trend, and highest in August, about 2% above it. At today's median that is a gap of roughly $67 a month. This pattern comes from 8 years of Zillow rent data.

Has rent outpaced income in ZIP 80216?

No. From 2019 to 2024, rent in ZIP 80216 rose 15.7% while median household income rose 35.6%, from $60,591 to $82,143. Rent is Zillow's yearly average; income is the Census 5-year estimate for the same years.

How does ZIP 80216 compare to other ZIPs in Colorado?

ZIP 80216 is in the middle among Colorado ZIP codes for rent, ranking #93 of 168 at $1,910/mo. Over the year to September 2026, rent in ZIP 80216 changed -0.2%, against a typical +1.3% across the 155 Colorado ZIP codes Zillow tracks.

How does ZIP 80216 compare to the rest of Denver?

At $1,910/mo, ZIP 80216 is $55 above the Denver citywide median of $1,855/mo. It is the 14th cheapest of 27 ZIP codes in Denver.
Income Affordability
28%
AFFORDABLE

At $1,910/mo, rent takes ~28% of ZIP 80216's median household income ($82,143/yr). The standard benchmark is 30%.

ZIP 80216 28%Benchmark 30%
State income tax4.4%
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