RentData

Average Rent in Greeley, CO

HUD FY2025 · Official government data · Updated annually · Metro pop. 340,711

Data review: HUD FY2025Sources: HUD, Zillow, CensusMethodologyEditorial standardsReport a correction

Market Overview

Greeley, CO has rental prices ranging from $1,107/month to $2,443/month in 2025, depending on unit size. The typical 1-bedroom apartment rents for $1,203/month — 14% below the national average of $1,400/month. With a median household income of $93,287/year, spending $1,203/month on a 1-bedroom represents 15% of gross income — within the recommended 30% threshold.

How Greeley Compares

With an average 2-bedroom rent of $1,528/month, Greeley ranks #13 most expensive of the 55 cities tracked in Colorado — pricier than 93% of all US cities in our data.

The Greeley Rental Market

The Greeley, CO area has a population of about 340,711 and 25% of households renting rather than owning. That renter share runs below the US average of ~34%, a more homeowner-heavy market where rental inventory can be limited.

Rent Trends

2-bedroom rents in Greeley, CO have fallen by $5/month (0.3%) over the past year, from $1,533 to $1,528. Rents have remained relatively stable year over year, indicating a balanced rental market in the area.

Affordability

To afford a 1-bedroom apartment in Greeley, CO without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $48,120. The local median household income of $93,287 exceeds that threshold by $45,167, making Greeley relatively accessible compared to local wages.

Rent vs. Buy

The median home value in Greeley, CO is $422,689, giving a price-to-rent ratio of 23.1. With a break-even horizon of approximately 23 years, renting is likely the more financially prudent option for most residents unless they plan to stay long-term.

Fair Market Rents

HUD FY2025
Studio
$1,107
Affordable
1 Bedroom
$1,203
Affordable
2 Bedrooms
$1,528
0.3% YoY
Affordable
3 Bedrooms
$2,141
Affordable
4 Bedrooms
$2,443
Average
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Median Home Value
$422,689
Source: Zillow ZHVI
Est. monthly payment
$2,250/mo
20% down · 30yr · 7%

Is Greeley, 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
$61,120/year
Local median income: $93,287
To buy a median home
$89,989/year
US national median: $75,000
💡 Based on a 2BR rent of $1,528/month and 20% down on a $422,689 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
Boulder$1,466$1,702$2,059$2,704
Pueblo$863$959$1,258$1,626
Grand Junction$873$961$1,245$1,745

Rent or Buy in Greeley?

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

Should I Rent or Buy?

Break-even analysis using real Greeley data

$
Home Value
$422,689
2BR Rent
$1,528/mo
Mortgage Rate
7%
Monthly P&I
$2,250/mo
🏠 Buy

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

Total monthly buy cost: $3,113/movs rent: $1,528/mo
Estimates only. Excludes HOA, PMI (if <20% down), closing costs, and tax benefits. Assumes 5% return on invested down payment.

Mortgage Calculator

Estimate monthly payment for $422,689 home at 7% rate

20% — $84,538
3%50%
Estimated Monthly Payment
$2,250
per month · 30 years · 7% APR
Loan Amount
$338,151
Total Paid
$809,902
Total Interest
$471,751
Estimated only. Excludes taxes, insurance, HOA. Rate from FRED.

Living in Greeley

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Frequently Asked Questions

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🏘️Neighborhoods in Greeley

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⚖️Rent vs Buy in Greeley

Is it cheaper to rent or buy here?

💵Rent Affordability in Greeley

Salary needed to afford rent here

🗺️All Cities in CO

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⚖️Compare Greeley

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📋CO Tenant Rights

Deposit limits, eviction laws & renters protections