ZIP Code · CO

ZIP 80924

Pop. 19,619·El Paso County·83rd most expensive ZIP in Colorado
Median rent (all units)
$1,961/mo
Year-over-Year
+2.9%
Month-over-Month
+1.0%
vs US Median
+$29
Reported rents
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 80924 · $1,961
More expensive than 59% of US ZIP codes · National median $1,932/mo
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Medians by bedroom

Rent by unit size

Studio
$1,640
1 BR
$1,990
2 BR
$2,400
3 BR
$3,360
4 BR+
$3,840
Research median
$2,400/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

January. Asking rents in ZIP 80924 usually run 1.9% below trend in January and 2.4% above it in July, about $84 a month apart at today's median. Based on 5 years of data.

Compared with the peak

Rent in ZIP 80924 is 0.7% below its high of $1,974 in April 2022, at $1,961 as of September 2026.

Past year vs. the rest of Colorado

Rent in ZIP 80924 changed +2.9% over the year to September 2026. Across the 155 Colorado ZIP codes Zillow tracks, the typical change was +1.3%.

Recent direction

Rent has risen 3 months in a row, and rose in 8 of the last 12 months.

What a typical income covers

30% of the median household income ($139,447) is $3,486 a month. That covers HUD's Fair Market Rent for up to a 3-bedroom ($3,360); a 4-bedroom is $3,840.

Rank in Colorado Springs

16th cheapest of 21 ZIP codes in Colorado Springs.

Cheaper nearby

ZIP 80918, 5 miles away, rents for 21% less ($1,550/mo), about $4,900 a year in savings.

From Zillow's monthly rent index (ZORI) for ZIP 80924. 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
$23,532/yr
At $1,961/mo median
Location
StateCO
CountyEl Paso County
Rent Market Meter
Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are climbing (2.9% YoY), so leverage tilts toward landlords. Act sooner rather than later.
Based on rent-price momentum (+2.9% YoY, +1.0% MoM), not inventory.
Demographics

Who lives here

ZIP 80924 (Colorado Springs, CO) is majority owner-occupied, has a large share of families with children, has a median income above the national average, 68.9% of residents hold a bachelor's degree or higher.

Population
19,619
Median income
$139,447
Median age
34.5
Renters
34.3%
Age distribution
32.4%
18.2%
33.9%
Under 1832.4%
18–3418.2%
35–5433.9%
55–647.8%
65+7.7%
Gender
50.9%
49.1%
Male50.9%
Female49.1%
Race & ethnicity
74.7%
White74.7%
Black5.9%
Hispanic8.1%
Asian4.6%
Other6.6%
Education (25+)
22.5%
68.9%
HS diploma8.3%
Some college22.5%
Bachelor's+68.9%
Housing tenure
65.7%
34.3%
Owner65.7%
Renter34.3%

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

2021 vs 2026

How ZIP 80924 in Colorado Springs, CO has changed in 5 years

Rent
$1,744 → $1,961
up 12.4%
Income
$129,158 → $139,447
up 8.0%
Population
13,607 → 19,619
up 44.2%
Renter share
31.1% → 34.3%
+3.2 pts
Bachelor's+
61.6% → 68.9%
+7.3 pts
Median age
32.6 → 34.5
+1.9 yrs

Compared with 2021, rent in ZIP 80924 in Colorado Springs, CO has climbed by $217 per month, settling near $1,961 after starting the period at $1,744. On the earnings side, the typical household in ZIP 80924 in Colorado Springs, CO now reports about $139,447, up from $129,158 in 2021. Rent outpaced income growth by roughly 4.4 percentage points, which means renters are spending a larger slice of each paycheck on housing than they did in 2021. Headcount in the area went from 13,607 to 19,619 between 2021 and 2024, a 44.2% change. About 34.3% of households rent today, against 31.1% in 2021. Educational attainment has shifted as well, with the share of adults holding a bachelor's degree or higher climbed from 61.6% to 68.9%. For context, the 2021 to 2026 window covers an unusually volatile run for US rents nationally, and ZIP 80924 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 80924

Last updated: October 17, 2026

ZIP code 80924 covers Colorado Springs, CO. The median rent here is $1,961/mo as of October 2026. A 1-bedroom rents for a median of $1,990/mo. A 2-bedroom rents for a median of $2,400/mo.

At 17% of local median household income ($139,447/yr), ZIP 80924 ranks as affordable compared to the national benchmark of 30%. Rents have increased 2.9% over the past year.

FAQ

Frequently asked questions

How much income do you need to rent in ZIP 80924?

To keep rent at or below 30% of gross income, you would need to earn at least $78,000/year (about $38/hour full-time) to afford the median rent of $1,961/mo in ZIP 80924. The local median household income is $139,447/yr, so the typical household meets that bar.

Is rent going up or down in ZIP 80924?

Rent in ZIP 80924 has risen 2.9% over the past year as of September 2026. It sits 0.7% below its high of $1,974 in April 2022.

When is the cheapest time to rent in ZIP 80924?

Asking rents in ZIP 80924 are usually lowest in January, about 1.9% below their yearly trend, and highest in July, about 2.4% above it. At today's median that is a gap of roughly $84 a month. This pattern comes from 5 years of Zillow rent data.

How does ZIP 80924 compare to other ZIPs in Colorado?

ZIP 80924 is in the middle among Colorado ZIP codes for rent, ranking #83 of 168 at $1,961/mo. Over the year to September 2026, rent in ZIP 80924 changed +2.9%, against a typical +1.3% across the 155 Colorado ZIP codes Zillow tracks.

How does ZIP 80924 compare to the rest of Colorado Springs?

At $1,961/mo, ZIP 80924 is $244 above the Colorado Springs citywide median of $1,717/mo. It is the 16th cheapest of 21 ZIP codes in Colorado Springs.
Income Affordability
17%
VERY AFFORDABLE

At $1,961/mo, rent takes ~17% of ZIP 80924's median household income ($139,447/yr). The standard benchmark is 30%.

ZIP 80924 17%Benchmark 30%
State income tax4.4%
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