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ZIP Code · CO

ZIP 80916

Pop. 41,104·El Paso County·154th most expensive ZIP in Colorado
Median rent (all units)
$1,441/mo
Year-over-Year
-8.8%
Month-over-Month
-3.5%
vs US Median
-$524
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 80916 · $1,441
More affordable than 78% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,140
1 BR
$1,390
2 BR
$1,650
3 BR
$2,290
4 BR+
$2,610
Research median
$1,650/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
$17,292/yr
At $1,441/mo median
Location
StateCO
CountyEl Paso County
Rent Market Meter
Strong Renter's Market
Renter's MarketBalancedLandlord's Market
Rents are down 8.8% year-over-year. Push hard on price, concessions, and lease terms.
Based on rent-price momentum (-8.8% YoY, -3.5% MoM), not inventory.
Demographics

Who lives here

ZIP 80916 (Colorado Springs, CO) is roughly split between renters and owners, skews toward younger working-age adults, 19.1% of residents hold a bachelor's degree or higher.

Population
41,104
Median income
$67,127
Median age
29.4
Renters
45.7%
Age distribution
31%
30.4%
24.6%
Under 1831%
18–3430.4%
35–5424.6%
55–646.2%
65+7.7%
Gender
49.9%
50.1%
Male49.9%
Female50.1%
Race & ethnicity
43.5%
15%
36.1%
White43.5%
Black15%
Hispanic36.1%
Asian3.7%
Other1.6%
Education (25+)
33.6%
35.9%
19.1%
No HS diploma11.4%
HS diploma33.6%
Some college35.9%
Bachelor's+19.1%
Housing tenure
54.3%
45.7%
Owner54.3%
Renter45.7%

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

2021 vs 2026

How ZIP 80916 in Colorado Springs, CO has changed in 5 years

Rent
$1,322 → $1,441
up 9.0%
Income
$53,984 → $67,127
up 24.3%
Population
41,087 → 41,104
up 0.0%
Renter share
45.9% → 45.7%
-0.2 pts
Bachelor's+
17% → 19.1%
+2.1 pts
Median age
28.8 → 29.4
+0.6 yrs

Rent in ZIP 80916 in Colorado Springs, CO has increased 9.0% since 2021, going from about $1,322 per month to roughly $1,441 today. Median household income grew from $53,984 to $67,127 between 2021 and 2024, a 24.3% shift. Income growth outran rent by about 15.3 percentage points, easing the affordability math somewhat compared with 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 17% to 19.1%. Taken together, the five-year picture in ZIP 80916 in Colorado Springs, CO reflects how housing costs and the people paying them have evolved through a stretch that included a pandemic, a hot rental market, and a recent cooling phase.

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Local insights

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About renting in ZIP 80916

Last updated: July 20, 2026

ZIP code 80916 covers Colorado Springs, CO. The median rent here is $1,441/mo as of July 2026. A 1-bedroom rents for a median of $1,390/mo. A 2-bedroom rents for a median of $1,650/mo.

At 26% of local median household income ($67,127/yr), ZIP 80916 ranks as affordable compared to the national benchmark of 30%. Rents have decreased 8.8% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 80916?

As of July 20, 2026, the median monthly rent in ZIP 80916 (Colorado Springs, CO) is $1,441. This is based on aggregated data from public sources and community submissions.

How does ZIP 80916 rent compare to the US average?

ZIP 80916's median rent of $1,441/mo is $524 (27%) below the US national median of $1,965/mo.

How does ZIP 80916 compare to other ZIPs in Colorado?

ZIP 80916 is among the more affordable ZIP codes in Colorado, ranking #154 out of 166 ZIPs at $1,441/mo.

How much income do you need to rent in ZIP 80916?

To keep rent at or below 30% of gross income, you would need to earn at least $58,000/year (~$28/hour full-time) to afford the median rent of $1,441/mo in ZIP 80916. The local median household income is $67,127/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 80916?

Rent in ZIP 80916 has decreased 8.8% over the past year as of July 20, 2026, offering some relief compared to 12 months ago.

Is ZIP 80916 an affordable place to rent?

ZIP 80916 is considered affordable for renters. At $1,441/mo, rent takes approximately 26% of the local median household income ($67,127/yr). The standard benchmark is 30%. ZIP 80916 falls comfortably within that range.

What percentage of ZIP 80916 residents rent vs. own?

According to Census data, approximately 45.7% of ZIP 80916 households are renters, while 54.3% are owner-occupied. ZIP 80916 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 80916 compare to the rest of Colorado Springs?

ZIP 80916 is more affordable than Colorado Springs overall. At $1,441/mo, it's $298 below the Colorado Springs citywide median of $1,739/mo.

When was rent data for ZIP 80916 last updated?

Rent data for ZIP 80916 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
26%
AFFORDABLE

At $1,441/mo, rent takes ~26% of ZIP 80916's median household income ($67,127/yr). The standard benchmark is 30%.

ZIP 80916 26%Benchmark 30%
State income tax4.4%
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Schools nearby

Public schools near ZIP 80916 (Colorado Springs, CO)

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