ZIP Code · CO

ZIP 80228

Part of Lakewood, CO

Pop. 34,942·Jefferson County·108th most expensive ZIP in Colorado

Median rent (all units)

$1,851/mo

Year-over-Year

+1.0%

Month-over-Month

Stable

vs US Median

-$81

Reported rents

Stable (Monthly)

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Most AffordableMost Expensive

ZIP 80228 · $1,851

More expensive than 52% of US ZIP codes · National median $1,932/mo

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Medians by bedroom

Rent by unit size

Studio

$1,780

1 BR

$1,900

2 BR

$2,260

3 BR

$2,960

4 BR+

$3,300

Research median

$2,260/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 80228 usually run 1.5% below trend in January and 0.9% above it in September, about $44 a month apart at today's median. Based on 8 years of data.

Compared with the peak

Rent in ZIP 80228 is 2.1% below its high of $1,890 in September 2024, at $1,851 as of September 2026.

Past year vs. the rest of Colorado

Rent in ZIP 80228 changed +1.0% 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 80228 rose 32.8% while median household income rose 37.2% ($83,087 to $113,977). Income kept ahead of rent.

Since before the pandemic

Rent in ZIP 80228 is 28.7% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

Recent direction

Rent has risen 4 months in a row, and rose in 9 of the last 12 months.

What a typical income covers

30% of the median household income ($113,977) is $2,849 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($2,260); a 3-bedroom is $2,960.

Rank in Lakewood

6th cheapest of 7 ZIP codes in Lakewood.

Cheaper nearby

ZIP 80214, 6 miles away, rents for 17% less ($1,541/mo), about $3,700 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 80228. 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

$22,212/yr

At $1,851/mo median

Location

CityLakewood

StateCO

CountyJefferson 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 (+1.0% YoY, +0.1% MoM), not inventory.

Demographics

Who lives here

ZIP 80228 (Lakewood, CO) is majority owner-occupied, has a median income above the national average, 60% of residents hold a bachelor's degree or higher.

Population

34,942

Median income

$113,977

Median age

39.4

Renters

32.7%

Age distribution

17.2%

26%

27.9%

14%

15%

Under 1817.2%

18–3426%

35–5427.9%

55–6414%

65+15%

Gender

50%

Male50%

Female50%

Race & ethnicity

82.5%

12.5%

White82.5%

Black0.7%

Hispanic12.5%

Asian3.9%

Education (25+)

13.5%

23.8%

60%

No HS diploma2.6%

HS diploma13.5%

Some college23.8%

Bachelor's+60%

Housing tenure

67.3%

32.7%

Owner67.3%

Renter32.7%

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

2021 vs 2026

How ZIP 80228 in Lakewood, CO has changed in 5 years

Rent

$1,467 → $1,851

up 26.2%

Income

$99,342 → $113,977

up 14.7%

Population

35,091 → 34,942

down 0.4%

Renter share

31.9% → 32.7%

+0.8 pts

Bachelor's+

58.2% → 60%

+1.8 pts

Median age

38.6 → 39.4

+0.8 yrs

Five years ago, renters in ZIP 80228 in Lakewood, CO paid around $1,467 a month. That figure now sits near $1,851, up 26.2% from the 2021 baseline. Census figures show median household income at $113,977 today, compared with $99,342 five years earlier. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. The combined trend lines point to a market that has changed measurably from where it stood in early 2021.

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About renting in ZIP 80228

Last updated: October 17, 2026

ZIP code 80228 covers Lakewood, CO. The median rent here is $1,851/mo as of October 2026. A 1-bedroom rents for a median of $1,900/mo. A 2-bedroom rents for a median of $2,260/mo.

At 19% of local median household income ($113,977/yr), ZIP 80228 ranks as affordable compared to the national benchmark of 30%. Rents have increased 1.0% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 80228?

To keep rent at or below 30% of gross income, you would need to earn at least $74,000/year (about $36/hour full-time) to afford the median rent of $1,851/mo in ZIP 80228. The local median household income is $113,977/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 80228?

Rent in ZIP 80228 has risen 1.0% over the past year as of September 2026. It sits 2.1% below its high of $1,890 in September 2024.

When is the cheapest time to rent in ZIP 80228?

Asking rents in ZIP 80228 are usually lowest in January, about 1.5% below their yearly trend, and highest in September, about 0.9% above it. At today's median that is a gap of roughly $44 a month. This pattern comes from 8 years of Zillow rent data.

Has rent outpaced income in ZIP 80228?

No. From 2019 to 2024, rent in ZIP 80228 rose 32.8% while median household income rose 37.2%, from $83,087 to $113,977. Rent is Zillow's yearly average; income is the Census 5-year estimate for the same years.

How does ZIP 80228 compare to other ZIPs in Colorado?

ZIP 80228 is in the middle among Colorado ZIP codes for rent, ranking #108 of 168 at $1,851/mo. Over the year to September 2026, rent in ZIP 80228 changed +1.0%, against a typical +1.3% across the 155 Colorado ZIP codes Zillow tracks.