ZIP Code · CO

ZIP 80918

Pop. 50,005·El Paso County·144th most expensive ZIP in Colorado
Median rent (all units)
$1,550/mo
Year-over-Year
+2.7%
Month-over-Month
+0.5%
vs US Median
-$382
Reported rents
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 80918 · $1,550
More affordable than 69% of US ZIP codes · National median $1,932/mo
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Medians by bedroom

Rent by unit size

Studio
$1,230
1 BR
$1,510
2 BR
$1,790
3 BR
$2,490
4 BR+
$2,830
Research median
$1,790/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

February. Asking rents in ZIP 80918 usually run 0.8% below trend in February and 1.2% above it in August, about $31 a month apart at today's median. Based on 11 years of data.

Compared with the peak

Rent in ZIP 80918 is at its highest level since Zillow's records here began in January 2015.

Past year vs. the rest of Colorado

Rent in ZIP 80918 changed +2.7% 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 80918 rose 33.9% while median household income rose 29% ($67,996 to $87,685). Rent outpaced income.

Since before the pandemic

Rent in ZIP 80918 is 30.7% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

Recent direction

Rent has risen 5 months in a row, and rose in 8 of the last 12 months.

What a typical income covers

30% of the median household income ($87,685) is $2,192 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($1,790); a 3-bedroom is $2,490.

Rank in Colorado Springs

6th cheapest of 21 ZIP codes in Colorado Springs.

Cheaper nearby

ZIP 80909, 4 miles away, rents for 18% less ($1,276/mo), about $3,300 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 80918. 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
$18,600/yr
At $1,550/mo median
Location
StateCO
CountyEl Paso County
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (2.7% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+2.7% YoY, +0.5% MoM), not inventory.
Demographics

Who lives here

ZIP 80918 (Colorado Springs, CO) is majority owner-occupied, 38.1% of residents hold a bachelor's degree or higher.

Population
50,005
Median income
$87,685
Median age
35.3
Renters
35.8%
Age distribution
19.9%
29.7%
23.7%
15.3%
Under 1819.9%
18–3429.7%
35–5423.7%
55–6411.4%
65+15.3%
Gender
51.7%
48.3%
Male51.7%
Female48.3%
Race & ethnicity
74.1%
16.7%
White74.1%
Black5.1%
Hispanic16.7%
Asian1.8%
Other2.3%
Education (25+)
21.5%
36.6%
38.1%
No HS diploma3.8%
HS diploma21.5%
Some college36.6%
Bachelor's+38.1%
Housing tenure
64.2%
35.8%
Owner64.2%
Renter35.8%

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

2021 vs 2026

How ZIP 80918 in Colorado Springs, CO has changed in 5 years

Rent
$1,280 → $1,550
up 21.1%
Income
$74,644 → $87,685
up 17.5%
Population
48,404 → 50,005
up 3.3%
Renter share
36.5% → 35.8%
-0.7 pts
Bachelor's+
37.9% → 38.1%
+0.2 pts

The median rent in ZIP 80918 in Colorado Springs, CO stood at $1,280 in 2021 and currently runs about $1,550, reflecting a 21.1% increase over the period. Median household income rose from $74,644 to $87,685 between 2021 and 2024, a 17.5% shift. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has grown by 3.3% since 2021, moving from about 48,404 residents to roughly 50,005. Taken together, the five-year picture in ZIP 80918 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 80918

Last updated: October 17, 2026

ZIP code 80918 covers Colorado Springs, CO. The median rent here is $1,550/mo as of October 2026. A 1-bedroom rents for a median of $1,510/mo. A 2-bedroom rents for a median of $1,790/mo.

At 21% of local median household income ($87,685/yr), ZIP 80918 ranks as affordable compared to the national benchmark of 30%. Rents have increased 2.7% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 80918?

To keep rent at or below 30% of gross income, you would need to earn at least $62,000/year (about $30/hour full-time) to afford the median rent of $1,550/mo in ZIP 80918. The local median household income is $87,685/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 80918?

Rent in ZIP 80918 has risen 2.7% over the past year as of September 2026. That is the highest level since Zillow's records here began in January 2015.

When is the cheapest time to rent in ZIP 80918?

Asking rents in ZIP 80918 are usually lowest in February, about 0.8% below their yearly trend, and highest in August, about 1.2% above it. At today's median that is a gap of roughly $31 a month. This pattern comes from 11 years of Zillow rent data.

Has rent outpaced income in ZIP 80918?

Yes. From 2019 to 2024, rent in ZIP 80918 rose 33.9% while median household income rose 29%, from $67,996 to $87,685. Rent is Zillow's yearly average; income is the Census 5-year estimate for the same years.

How does ZIP 80918 compare to other ZIPs in Colorado?

ZIP 80918 is one of the more affordable among Colorado ZIP codes for rent, ranking #144 of 168 at $1,550/mo. Over the year to September 2026, rent in ZIP 80918 changed +2.7%, against a typical +1.3% across the 155 Colorado ZIP codes Zillow tracks.

How does ZIP 80918 compare to the rest of Colorado Springs?

At $1,550/mo, ZIP 80918 is $167 below the Colorado Springs citywide median of $1,717/mo. It is the 6th cheapest of 21 ZIP codes in Colorado Springs.
Income Affordability
21%
VERY AFFORDABLE

At $1,550/mo, rent takes ~21% of ZIP 80918's median household income ($87,685/yr). The standard benchmark is 30%.

ZIP 80918 21%Benchmark 30%
State income tax4.4%
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Public schools near ZIP 80918 (Colorado Springs, CO)

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