ZIP Code · CO

ZIP 80904

Pop. 21,158·El Paso County·135th most expensive ZIP in Colorado
Median rent (all units)
$1,606/mo
Year-over-Year
+3.6%
Month-over-Month
+0.8%
vs US Median
-$326
Reported rents
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 80904 · $1,606
More affordable than 65% of US ZIP codes · National median $1,932/mo
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Medians by bedroom

Rent by unit size

Studio
$1,050
1 BR
$1,290
2 BR
$1,530
3 BR
$2,130
4 BR+
$2,420
Research median
$1,530/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 80904 usually run 1.2% below trend in December and 0.9% above it in August, about $34 a month apart at today's median. Based on 10 years of data.

Compared with the peak

Rent in ZIP 80904 is at its highest level since Zillow's records here began in May 2016.

Past year vs. the rest of Colorado

Rent in ZIP 80904 changed +3.6% 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 80904 rose 37% while median household income rose 30.7% ($53,423 to $69,814). Rent outpaced income.

Since before the pandemic

Rent in ZIP 80904 is 34.4% 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 10 of the last 12 months.

What a typical income covers

30% of the median household income ($69,814) is $1,745 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,530); a 3-bedroom is $2,130.

Rank in Colorado Springs

9th cheapest of 21 ZIP codes in Colorado Springs.

Cheaper nearby

ZIP 80829, 4 miles away, rents for 13% less ($1,390/mo), about $2,600 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 80904. 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
$19,272/yr
At $1,606/mo median
Location
StateCO
CountyEl Paso County
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (3.6% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+3.6% YoY, +0.8% MoM), not inventory.
Demographics

Who lives here

ZIP 80904 (Colorado Springs, CO) is majority owner-occupied, has a large retiree population, 45.7% of residents hold a bachelor's degree or higher.

Population
21,158
Median income
$69,814
Median age
46.6
Renters
43.7%
Age distribution
25.8%
20.6%
14.2%
27.9%
Under 1811.5%
18–3425.8%
35–5420.6%
55–6414.2%
65+27.9%
Gender
52%
48%
Male52%
Female48%
Race & ethnicity
79.4%
13.6%
White79.4%
Black2.2%
Hispanic13.6%
Asian1.3%
Other3.5%
Education (25+)
18.7%
32.4%
45.7%
No HS diploma3.2%
HS diploma18.7%
Some college32.4%
Bachelor's+45.7%
Housing tenure
56.3%
43.7%
Owner56.3%
Renter43.7%

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

2021 vs 2026

How ZIP 80904 in Colorado Springs, CO has changed in 5 years

Rent
$1,304 → $1,606
up 23.2%
Income
$60,301 → $69,814
up 15.8%
Population
21,162 → 21,158
up 0.0%
Renter share
39.6% → 43.7%
+4.1 pts
Bachelor's+
43.7% → 45.7%
+2.0 pts

Since 2021, the typical rent in ZIP 80904 in Colorado Springs, CO has climbed from $1,304 to $1,606, a 23.2% change over five years. Household income in the area moved from $60,301 to $69,814 across the same window, up 15.8% versus 2021. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. Renters now make up 43.7% of households, compared with 39.6% five years ago. College-educated residents now make up 45.7% of adults here, versus 43.7% in 2021. Reading these numbers side by side helps frame whether current listings in ZIP 80904 in Colorado Springs, CO look reasonable against where the market sat half a decade ago.

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Local insights

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About renting in ZIP 80904

Last updated: October 17, 2026

ZIP code 80904 covers Colorado Springs, CO. The median rent here is $1,606/mo as of October 2026. A 1-bedroom rents for a median of $1,290/mo. A 2-bedroom rents for a median of $1,530/mo.

At 28% of local median household income ($69,814/yr), ZIP 80904 ranks as affordable compared to the national benchmark of 30%. Rents have increased 3.6% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 80904?

To keep rent at or below 30% of gross income, you would need to earn at least $64,000/year (about $31/hour full-time) to afford the median rent of $1,606/mo in ZIP 80904. The local median household income is $69,814/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 80904?

Rent in ZIP 80904 has risen 3.6% over the past year as of September 2026. That is the highest level since Zillow's records here began in May 2016.

When is the cheapest time to rent in ZIP 80904?

Asking rents in ZIP 80904 are usually lowest in December, about 1.2% below their yearly trend, and highest in August, about 0.9% above it. At today's median that is a gap of roughly $34 a month. This pattern comes from 10 years of Zillow rent data.

Has rent outpaced income in ZIP 80904?

Yes. From 2019 to 2024, rent in ZIP 80904 rose 37% while median household income rose 30.7%, from $53,423 to $69,814. Rent is Zillow's yearly average; income is the Census 5-year estimate for the same years.

How does ZIP 80904 compare to other ZIPs in Colorado?

ZIP 80904 is one of the more affordable among Colorado ZIP codes for rent, ranking #135 of 168 at $1,606/mo. Over the year to September 2026, rent in ZIP 80904 changed +3.6%, against a typical +1.3% across the 155 Colorado ZIP codes Zillow tracks.

How does ZIP 80904 compare to the rest of Colorado Springs?

At $1,606/mo, ZIP 80904 is $111 below the Colorado Springs citywide median of $1,717/mo. It is the 9th cheapest of 21 ZIP codes in Colorado Springs.
Income Affordability
28%
AFFORDABLE

At $1,606/mo, rent takes ~28% of ZIP 80904's median household income ($69,814/yr). The standard benchmark is 30%.

ZIP 80904 28%Benchmark 30%
State income tax4.4%
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Schools nearby

Public schools near ZIP 80904 (Colorado Springs, CO)

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