ZIP Code · CO

ZIP 80920

Pop. 36,923·El Paso County·98th most expensive ZIP in Colorado
Median rent (all units)
$1,890/mo
Year-over-Year
+3.3%
Month-over-Month
Stable
vs US Median
-$42
Reported rents
Stable (Monthly)
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Most AffordableMost Expensive
ZIP 80920 · $1,890
More expensive than 55% of US ZIP codes · National median $1,932/mo
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Medians by bedroom

Rent by unit size

Studio
$1,480
1 BR
$1,810
2 BR
$2,150
3 BR
$2,990
4 BR+
$3,400
Research median
$2,150/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 80920 usually run 1.7% below trend in December and 1.2% above it in July, about $55 a month apart at today's median. Based on 10 years of data.

Compared with the peak

Rent in ZIP 80920 is 0% below its high of $1,890 in August 2026, at $1,890 as of September 2026.

Past year vs. the rest of Colorado

Rent in ZIP 80920 changed +3.3% 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 80920 rose 32.1% while median household income rose 17.4% ($96,284 to $113,036). Rent outpaced income.

Since before the pandemic

Rent in ZIP 80920 is 32.2% higher than in March 2020. Across the US, rent is up 37.3% over the same stretch.

What a typical income covers

30% of the median household income ($113,036) is $2,826 a month. That covers HUD's Fair Market Rent for up to a 2-bedroom ($2,150); a 3-bedroom is $2,990.

Rank in Colorado Springs

14th cheapest of 21 ZIP codes in Colorado Springs.

Cheaper nearby

ZIP 80918, 3 miles away, rents for 18% less ($1,550/mo), about $4,100 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 80920. 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
$22,680/yr
At $1,890/mo median
Location
StateCO
CountyEl Paso County
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (3.3% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+3.3% YoY, +0.0% MoM), not inventory.
Demographics

Who lives here

ZIP 80920 (Colorado Springs, CO) is majority owner-occupied, has a median income above the national average, 52.5% of residents hold a bachelor's degree or higher.

Population
36,923
Median income
$113,036
Median age
37.2
Renters
34.6%
Age distribution
22.8%
23.6%
26.3%
15.3%
Under 1822.8%
18–3423.6%
35–5426.3%
55–6412%
65+15.3%
Gender
49.4%
50.6%
Male49.4%
Female50.6%
Race & ethnicity
77%
13.2%
White77%
Black2.9%
Hispanic13.2%
Asian4.7%
Other2.2%
Education (25+)
13.7%
30.8%
52.5%
No HS diploma3%
HS diploma13.7%
Some college30.8%
Bachelor's+52.5%
Housing tenure
65.4%
34.6%
Owner65.4%
Renter34.6%

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

2021 vs 2026

How ZIP 80920 in Colorado Springs, CO has changed in 5 years

Rent
$1,603 → $1,890
up 17.9%
Income
$102,356 → $113,036
up 10.4%
Population
38,988 → 36,923
down 5.3%
Renter share
29.6% → 34.6%
+5.0 pts
Bachelor's+
53.1% → 52.5%
-0.6 pts
Median age
36.3 → 37.2
+0.9 yrs

Since 2021, the typical rent in ZIP 80920 in Colorado Springs, CO has increased from $1,603 to $1,890, a 17.9% change over five years. On the earnings side, the typical household in ZIP 80920 in Colorado Springs, CO now reports about $113,036, up from $102,356 in 2021. That spread, with rent up faster than earnings, points to a tougher affordability environment than five years ago. The population has contracted by 5.3% since 2021, moving from about 38,988 residents to roughly 36,923. Renters now make up 34.6% of households, compared with 29.6% five years ago. For context, the 2021 to 2026 window covers an unusually volatile run for US rents nationally, and ZIP 80920 in Colorado Springs, CO reflects that arc in its own way.

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Local insights

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About renting in ZIP 80920

Last updated: October 17, 2026

ZIP code 80920 covers Colorado Springs, CO. The median rent here is $1,890/mo as of October 2026. A 1-bedroom rents for a median of $1,810/mo. A 2-bedroom rents for a median of $2,150/mo.

At 20% of local median household income ($113,036/yr), ZIP 80920 ranks as affordable compared to the national benchmark of 30%. Rents have increased 3.3% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 80920?

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 $1,890/mo in ZIP 80920. The local median household income is $113,036/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 80920?

Rent in ZIP 80920 has risen 3.3% over the past year as of September 2026. It sits 0% below its high of $1,890 in August 2026.

When is the cheapest time to rent in ZIP 80920?

Asking rents in ZIP 80920 are usually lowest in December, about 1.7% below their yearly trend, and highest in July, about 1.2% above it. At today's median that is a gap of roughly $55 a month. This pattern comes from 10 years of Zillow rent data.

Has rent outpaced income in ZIP 80920?

Yes. From 2019 to 2024, rent in ZIP 80920 rose 32.1% while median household income rose 17.4%, from $96,284 to $113,036. Rent is Zillow's yearly average; income is the Census 5-year estimate for the same years.

How does ZIP 80920 compare to other ZIPs in Colorado?

ZIP 80920 is in the middle among Colorado ZIP codes for rent, ranking #98 of 168 at $1,890/mo. Over the year to September 2026, rent in ZIP 80920 changed +3.3%, against a typical +1.3% across the 155 Colorado ZIP codes Zillow tracks.

How does ZIP 80920 compare to the rest of Colorado Springs?

At $1,890/mo, ZIP 80920 is $173 above the Colorado Springs citywide median of $1,717/mo. It is the 14th cheapest of 21 ZIP codes in Colorado Springs.
Income Affordability
20%
VERY AFFORDABLE

At $1,890/mo, rent takes ~20% of ZIP 80920's median household income ($113,036/yr). The standard benchmark is 30%.

ZIP 80920 20%Benchmark 30%
State income tax4.4%
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Public schools near ZIP 80920 (Colorado Springs, CO)

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