Colorado Rent Trends (2026)

Stable

Colorado growth has moderated after years of rapid increases

+4.5%
Year-over-Year
+35%
5-Year Change
$1,915
Current Avg 2BR
$2,001
Projected 2027

Colorado Market Outlook: Stable

Colorado has seen significant rent increases, particularly in Denver and Boulder. However, the market has begun stabilizing as new construction catches up with demand. Colorado Springs offers a more affordable metro option.

Expect relatively stable rent prices

Key Factors

  • Cost of Living Index: 105 (above national avg)
  • Housing Index: 115
  • Metro Areas Tracked: 2
  • Rent Range: $1,740 - $2,089

Colorado Rent History & Projections

2021 (Est.)
$1,419
5 years ago
2026 (Current)
$1,915
today
2027 (Proj.)
$2,001
+4.5%
2031 (Proj.)
$2,386
if trend continues

Note: Projections are estimates based on current trends and may vary based on economic conditions, policy changes, and market dynamics. Past performance does not guarantee future results.

Colorado Cost of Living Breakdown

Moderately above average with rising housing costs

105
Overall Index
115
Housing
95
Utilities
98
Groceries
100
Transportation

Index values: 100 = national average. Below 100 = cheaper than average. Above 100 = more expensive.

Colorado Metro Areas by Rent

Compare rent across 2 Colorado cities

CityStudio1 Bed2 Bed3 Bedvs State Avg
Denver, CO$1,643$1,754$2,089$2,734+9%
Colorado Springs, CO$1,233$1,450$1,740$2,248-9%

Tips for Colorado Renters

Build Landlord Relationships

In stable markets, good tenant-landlord relationships can lead to minimal rent increases and better treatment over time.

Plan for Modest Increases

Even in stable markets, expect 2-4% annual increases. Budget accordingly and maintain good payment history for negotiating power.

Consider Alternatives

Colorado's cheapest city (Colorado Springs) offers 2BR at $1,740/mo vs $2,089/mo in Denver.

Factor in Total Costs

Remember that Colorado's cost of living index is 105. Higher rent may come with higher costs for groceries, utilities, and transportation.