Average Rent in Colorado Springs, CO↑ Rents rising 2.5% YoY🔺 7th priciest in CO

Colorado Springs, CO has rental prices ranging from $1,219/month to $2,846/month in 2025, depending on unit size. The typical 1-bedroom apartment rents for $1,472/month — 5% above the national average of $1,400/month. With a median household income of $87,180/year, spending $1,472/month on a 1-bedroom represents 20% of gross income — within the recommended 30% threshold.

How Colorado Springs Compares

With an average 2-bedroom rent of $1,778/month, Colorado Springs ranks #7 most expensive of the 55 cities tracked in Colorado — pricier than 96% of all US cities in our data.

The Colorado Springs Rental Market

The Colorado Springs, CO area has a population of about 760,782 and 33% of households renting rather than owning. That is close to the US average renter share of ~34%.

Rent Trends

2-bedroom rents in Colorado Springs, CO have risen by $44/month (2.5%) over the past year, from $1,734 to $1,778. This modest growth is consistent with broader inflationary trends seen across US rental markets.

Affordability

To afford a 1-bedroom apartment in Colorado Springs, CO without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $58,880. The local median household income of $87,180 exceeds that threshold by $28,300, making Colorado Springs relatively accessible compared to local wages.

Rent vs. Buy

The median home value in Colorado Springs, CO is $450,850, giving a price-to-rent ratio of 21.1. With a break-even horizon of approximately 21 years, renting is likely the more financially prudent option for most residents unless they plan to stay long-term.

Neighborhoods

Home values — and by extension rent levels — vary significantly across Colorado Springs's neighborhoods. Among the highest-value areas are Southeast Colorado Springs ($330,471 median home value), Central Colorado Springs ($364,169 median home value), Old Colorado City ($389,814 median home value). Rental prices typically follow home value patterns, with premium neighborhoods commanding higher rents than outer areas. Renters on a tighter budget may find better value in less central neighborhoods or in adjacent metros with lower overall rent levels.

Is Colorado Springs, CO Affordable?

Income needed to rent or buy, price history, and how this city compares to nearby metros.

Rent or Buy in Colorado Springs?

Break-even analysis and mortgage estimates based on local market data.

Living in Colorado Springs

Cost of living, job market, crime rates, and moving cost estimates.