Average Rent in Summit County, CO↑ Rents rising 3.2% YoY🔺 Most expensive in CO
HUD FY2025 · Official government data · Updated annually · Metro pop. 30,857
Market Overview
Summit County, CO has rental prices ranging from $1,571/month to $3,354/month in 2025, depending on unit size. The typical 1-bedroom apartment rents for $1,746/month — 25% above the national average of $1,400/month. With a median household income of $106,255/year, spending $1,746/month on a 1-bedroom represents 20% of gross income — within the recommended 30% threshold.
How Summit County Compares
With an average 2-bedroom rent of $2,291/month, Summit County ranks #1 most expensive of the 55 cities tracked in Colorado — pricier than 99% of all US cities in our data.
The Summit County Rental Market
The Summit County, CO area has a population of about 30,857 and 31% of households renting rather than owning. That is close to the US average renter share of ~34%.
Rent Trends
2-bedroom rents in Summit County, CO have risen by $71/month (3.2%) over the past year, from $2,220 to $2,291. This modest growth is consistent with broader inflationary trends seen across US rental markets.
Affordability
To afford a 1-bedroom apartment in Summit County, CO without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $69,840. The local median household income of $106,255 exceeds that threshold by $36,415, making Summit County relatively accessible compared to local wages.
Economy & Jobs
Summit County, CO has an unemployment rate of 3.5%, 0.4 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.
Neighborhoods
Home values — and by extension rent levels — vary significantly across Summit County's neighborhoods. Among the highest-value areas are Copper Mountain ($876,699 median home value), Blue River ($1,422,745 median home value). Renters on a tighter budget may find better value in less central neighborhoods or in adjacent metros with lower overall rent levels.
Fair Market Rents
HUD FY2025Is Summit County, CO Affordable?
Income needed to rent or buy, price history, and how this city compares to nearby metros.
Affordability Index(30% income rule)
Nearby Cities in COlargest metros in the state
| City | Studio | 1BR | 2BR | 3BR | Home 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 Summit County?
Break-even analysis and mortgage estimates based on local market data.
Should I Rent or Buy?
Break-even analysis using real Summit County data
Buying breaks even after 1 year — worth it if you stay 1+ years.
Living in Summit County
Cost of living, job market, crime rates, and moving cost estimates.
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Frequently Asked Questions
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Compare rent & home prices by neighborhood
💵Rent Affordability in Summit CountySalary needed to afford rent here
🗺️All Cities in COSee how Summit County ranks statewide
⚖️Compare Summit CountySide-by-side rent & cost of living with any city
📋CO Tenant RightsDeposit limits, eviction laws & renters protections