Average Rent In Colorado For January 2024
Average Rent
What is the average rent in Colorado?
The average rent in Colorado for January 2024 is $1,654, according to the most recent data from ApartmentList - January 3, 2024. The average rent of a 2-bedroom apartment in Colorado is $1,669. The average rent of a 1-bedroom apartment in Colorado is $1,438.
Compared to the national average of $1,379, Colorado rent costs 19.9% more. Read our analysis of rents by state to see how Colorado ranks.
Here's a look at how average rents have changed over time:
How Does Colorado Rent Compare To The Rest Of The Country?
| Statistic | CO | USA | % Difference |
|---|---|---|---|
| Average Rent | $1,654 | $1,379 | 19.9% |
| M-o-M Change | -$19 | -$11 | 72.7% |
| Y-o-Y Change | -$10 | -$14 | -28.6% |
| M-o-M % Change | -1.1% | -0.8% | - |
| Y-o-Y % Change | -0.6% | -1.0% | - |
Median Rent By Bedrooms In Colorado
1-Bedroom
2-Bedroom
As you would expect, the median price for rent in Colorado increases as the number of bedrooms in the unit increases. 1-Bedroom rent is the cheapest in Colorado clocking in at $1,438, while a 2-bedroom rental will set you back $1,669 per month.
If you don't mind having roommates, the best option on a per room basis is a 2-bedroom rental for $834/room/month.
Read on to find out more or for more on Colorado check out:
- Best Places To Live In Colorado
- Cheapest Places To Live In Colorado
- Most Dangerous Cities In Colorado
Month Over Month Colorado Rent Statistics
M-o-M Increase
M-o-M Increase
Colorado has experienced a -$19 change in rent over the past month going from $1,673 to $1,654. That change comes out to -1.1%.
For reference, the US national average rent changed -$11 in the past month or -0.8%.
Here's a look at the month over month change for each month since 2017 for Colorado:
Year Over Year Colorado Rent Statistics
Y-o-Y Increase
Y-o-Y Increase
Over the past year, the average rent in Colorado changed -$10 from $1,664 to $1,654. A change of -$10 means that rents changed -0.6% in a year.
That compares to the US national change of -$14 in the past year or -1.0%.
Here's a look at the year over year change by month since 2017 for Colorado:
The 10 Places With The Highest Rent In Colorado
Population: 6,542
Median Rent: $2,333
More on Cherry Hills Village: Data | Crime | Cost Of Living | Real Estate
Population: 10,623
Median Rent: $1,874
More on Castle Pines: Data | Cost Of Living | Real Estate
Population: 12,879
Median Rent: $1,843
More on Superior: Data | Cost Of Living | Real Estate
Population: 22,019
Median Rent: $1,830
More on Erie: Data | Crime | Cost Of Living | Real Estate
Population: 6,760
Median Rent: $1,798
More on Monument: Data | Crime | Cost Of Living | Real Estate
Population: 15,397
Median Rent: $1,774
More on Greenwood Village: Data | Cost Of Living | Real Estate
Population: 14,386
Median Rent: $1,761
More on John: Data | Real Estate
Population: 13,430
Median Rent: $1,720
More on Lone Tree: Data | Crime | Cost Of Living | Real Estate
Population: 108,448
Median Rent: $1,662
More on Centennial: Data | Crime | Cost Of Living | Real Estate
Population: 64,283
Median Rent: $1,594
More on Broomfield: Data | Crime | Cost Of Living | Real Estate
Learn More About Living In Colorado
About Chris Kolmar
Chris Kolmar has been in the real estate business for almost ten years now. He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks.
He believes the key to finding the right place to live comes down to looking at the data, reading about things to do, and, most importantly, checking it out yourself before you move.
If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already.
You can find out more about him on LinkedIn.