RentData

Average Rent in Garfield County, CO Rents rising 4.0% YoY

HUD FY2025 · Official government data · Updated annually · Metro pop. 62,034

Data review: HUD FY2025Sources: HUD, Zillow, Census, BLSMethodologyEditorial standardsReport a correction

Market Overview

Garfield County, CO has rental prices ranging from $1,211/month to $2,463/month in 2025, depending on unit size. The typical 1-bedroom apartment rents for $1,219/month — 13% below the national average of $1,400/month. With a median household income of $86,172/year, spending $1,219/month on a 1-bedroom represents 17% of gross income — within the recommended 30% threshold.

How Garfield County Compares

With an average 2-bedroom rent of $1,599/month, Garfield County ranks #11 most expensive of the 55 cities tracked in Colorado — pricier than 94% of all US cities in our data.

The Garfield County Rental Market

The Garfield County, CO area has a population of about 62,034 and 30% of households renting rather than owning. That is close to the US average renter share of ~34%.

Rent Trends

2-bedroom rents in Garfield County, CO have risen by $62/month (4.0%) over the past year, from $1,537 to $1,599. This modest growth is consistent with broader inflationary trends seen across US rental markets.

Affordability

To afford a 1-bedroom apartment in Garfield County, CO without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $48,760. The local median household income of $86,172 exceeds that threshold by $37,412, making Garfield County relatively accessible compared to local wages.

Economy & Jobs

Garfield County, CO has an unemployment rate of 3.1%, 0.8 percentage points below the national average of 3.9%. Strong employment conditions typically sustain rental demand, as workers relocate to the area and local residents maintain stable housing.

Fair Market Rents

HUD FY2025
Studio
$1,211
Affordable
1 Bedroom
$1,219
Affordable
2 Bedrooms
$1,599
4.0% YoY
Affordable
3 Bedrooms
$2,241
Average
4 Bedrooms
$2,463
Average
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Is Garfield County, CO Affordable?

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

Affordability Index(30% income rule)

To rent a 2BR
$63,960/year
Local median income: $86,172
To buy a median home
/year
US national median: $75,000
💡 Based on a 2BR rent of $1,599/month and 20% down on a home at 7% rate.

Nearby Cities in COlargest metros in the state

CityStudio1BR2BR3BRHome Value
Denver$1,639$1,789$2,140$2,794
Colorado Springs$1,219$1,472$1,778$2,491
Fort Collins$1,434$1,442$1,695$2,375
Greeley$1,107$1,203$1,528$2,141
Boulder$1,466$1,702$2,059$2,704
Pueblo$863$959$1,258$1,626

Rent or Buy in Garfield County?

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

Should I Rent or Buy?

Break-even analysis using real Garfield County data

$
Home Value
$350,000
2BR Rent
$1,599/mo
Mortgage Rate
7%
Monthly P&I
$1,863/mo
🏠 Buy

Buying breaks even after 1 year — worth it if you stay 1+ years.

Total monthly buy cost: $2,577/movs rent: $1,599/mo
Estimates only. Excludes HOA, PMI (if <20% down), closing costs, and tax benefits. Assumes 5% return on invested down payment.

Living in Garfield County

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

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Frequently Asked Questions

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🏘️Neighborhoods in Garfield County

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💵Rent Affordability in Garfield County

Salary needed to afford rent here

🗺️All Cities in CO

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📋CO Tenant Rights

Deposit limits, eviction laws & renters protections