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ZIP Code · CO

ZIP 80923

Pop. 31,772·El Paso County·95th most expensive ZIP in Colorado
Median rent (all units)
$1,954/mo
Year-over-Year
+7.4%
Month-over-Month
-1.6%
vs US Median
-$11
Falling (Monthly)
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Most AffordableMost Expensive
ZIP 80923 · $1,954
More expensive than 58% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$1,480
1 BR
$1,810
2 BR
$2,140
3 BR
$2,980
4 BR+
$3,390
Research median
$2,140/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
$23,448/yr
At $1,954/mo median
Location
StateCO
CountyEl Paso County
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (7.4% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+7.4% YoY, -1.6% MoM), not inventory.
Demographics

Who lives here

ZIP 80923 (Colorado Springs, CO) is majority owner-occupied, has a median income above the national average, 49.1% of residents hold a bachelor's degree or higher.

Population
31,772
Median income
$101,565
Median age
35.1
Renters
32%
Age distribution
24.3%
25.5%
27.8%
Under 1824.3%
18–3425.5%
35–5427.8%
55–6411.5%
65+10.9%
Gender
49.1%
50.9%
Male49.1%
Female50.9%
Race & ethnicity
73.6%
17.1%
White73.6%
Black3.4%
Hispanic17.1%
Asian5.8%
Education (25+)
14.4%
31.2%
49.1%
No HS diploma5.2%
HS diploma14.4%
Some college31.2%
Bachelor's+49.1%
Housing tenure
68%
32%
Owner68%
Renter32%

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

2021 vs 2026

How ZIP 80923 in Colorado Springs, CO has changed in 5 years

Rent
$1,610 → $1,954
up 21.4%
Income
$92,332 → $101,565
up 10.0%
Population
32,050 → 31,772
down 0.9%
Renter share
28.8% → 32%
+3.2 pts
Bachelor's+
45.6% → 49.1%
+3.5 pts
Median age
34.4 → 35.1
+0.7 yrs

Across the past five years, the going rent in ZIP 80923 in Colorado Springs, CO has shifted from $1,610 to $1,954, up 21.4% since 2021. Census figures show median household income at $101,565 today, compared with $92,332 five years earlier. Because rent grew faster than wages over the same span, the affordability picture has tightened relative to 2021. The renter share has risen from 28.8% to 32%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 45.6% to 49.1% across the same window. The combined trend lines point to a market that has changed measurably from where it stood in early 2021.

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Local insights

Tips for renters in ZIP 80923

About renting in ZIP 80923

Last updated: July 20, 2026

ZIP code 80923 covers Colorado Springs, CO. The median rent here is $1,954/mo as of July 2026. A 1-bedroom rents for a median of $1,810/mo. A 2-bedroom rents for a median of $2,140/mo.

At 23% of local median household income ($101,565/yr), ZIP 80923 ranks as affordable compared to the national benchmark of 30%. Rents have increased 7.4% over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 80923?

As of July 20, 2026, the median monthly rent in ZIP 80923 (Colorado Springs, CO) is $1,954. This is based on aggregated data from public sources and community submissions.

How does ZIP 80923 rent compare to the US average?

ZIP 80923's median rent of $1,954/mo is $11 (1%) below the US national median of $1,965/mo.

How does ZIP 80923 compare to other ZIPs in Colorado?

ZIP 80923 falls in the middle range for Colorado, ranking #95 out of 166 ZIPs at $1,954/mo.

How much income do you need to rent in ZIP 80923?

To keep rent at or below 30% of gross income, you would need to earn at least $78,000/year (~$38/hour full-time) to afford the median rent of $1,954/mo in ZIP 80923. The local median household income is $101,565/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 80923?

Rent in ZIP 80923 has increased 7.4% over the past year as of July 20, 2026, putting upward pressure on renter budgets.

Is ZIP 80923 an affordable place to rent?

ZIP 80923 is considered very affordable for renters. At $1,954/mo, rent takes approximately 23% of the local median household income ($101,565/yr). The standard benchmark is 30%. ZIP 80923 falls comfortably within that range.

What percentage of ZIP 80923 residents rent vs. own?

According to Census data, approximately 32% of ZIP 80923 households are renters, while 68% are owner-occupied. ZIP 80923 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 80923 compare to the rest of Colorado Springs?

ZIP 80923 is pricier than Colorado Springs as a whole. At $1,954/mo, it's $215 above the Colorado Springs citywide median of $1,739/mo.

When was rent data for ZIP 80923 last updated?

Rent data for ZIP 80923 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
23%
VERY AFFORDABLE

At $1,954/mo, rent takes ~23% of ZIP 80923's median household income ($101,565/yr). The standard benchmark is 30%.

ZIP 80923 23%Benchmark 30%
State income tax4.4%
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Schools nearby

Public schools near ZIP 80923 (Colorado Springs, CO)

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