Average Rent in Colorado Springs, CO: $1,375/mo

About Rent Prices in Colorado Springs, CO

Colorado Springs sits at the foot of Pikes Peak, offering mountain access, military presence, and conservative politics at lower costs than Denver. The city provides outdoor recreation with focus on military and aerospace industries. Growth has been rapid in recent years.

The fair market rent (FMR) in Colorado Springs, CO represents the 40th percentile of gross rents for standard quality rental housing. This data is published annually by the U.S. Department of Housing and Urban Development (HUD) and is used for various housing programs including Section 8 vouchers. As of 2025, the median rent for a 2-bedroom apartment is $1,375 per month.

Rent by Apartment Size in Colorado Springs, CO

The Colorado Springs Rental Market

Colorado Springs rental market has tightened with population growth from California and other expensive states. Colorado has no rent control. Military presence from multiple bases creates steady demand. Landlords typically require proof of income at 2.5-3x monthly rent.

Neighborhoods in Colorado Springs

Old Colorado City, Downtown, and the Broadmoor area command higher rents. The Northside offers suburban family living. East Side and Security-Widefield provide more affordable options. Proximity to military bases affects certain neighborhoods.

Renter's Guide to Colorado Springs

Colorado Springs altitude (6,035 feet) requires adjustment. Weather can change rapidly. The city is quite conservative politically. Military presence is significant. Access to outdoor recreation is exceptional. Car ownership is essential. Start searching 4-6 weeks before moving.

Cost of Living Considerations

Colorado Springs is more affordable than Denver while offering similar mountain access. Colorado has state income tax. Utilities are moderate year-round. Car ownership is essential. Outdoor recreation is largely free. Lower costs than Front Range neighbors.

Rental Market Trends in Colorado Springs

Understanding recent trends helps renters time their apartment search effectively. The Colorado Springs, COrental market has been influenced by population migration patterns, remote work adoption, and local economic conditions. Seasonal variations typically show higher demand and prices in summer months when families prefer to move, while winter often brings more negotiating power for renters.

New apartment construction in Colorado Springs affects supply and pricing dynamics. Areas experiencing significant development may see rent stabilization or decreases as more units come to market, while established neighborhoods with limited new construction tend to see steady price appreciation. Monitoring vacancy rates provides insight into market tightness - rates below 5% typically indicate a competitive market favoring landlords.

What Affects Rent Prices in Colorado Springs?

• Location: Proximity to downtown, employment centers, and desirable neighborhoods significantly impacts rent. In Colorado Springs, location can create 30-50% price variations.
• Building Quality: Newer buildings with modern amenities command premium rents. Expect to pay 15-25% more for properties built within the last 5 years.
• Transportation: Access to public transit or major highways affects desirability and rent prices. Properties within walking distance of transit often command 10-20% premiums.
• Local Economy: Job market strength and major employer presence drive rental demand. Colorado Springs's primary employment sectors directly influence neighborhood pricing.
• Schools: Family-oriented renters pay premiums for quality school districts. Top-rated school zones can add 20-30% to comparable properties.
• Safety: Crime rates and neighborhood safety influence pricing significantly. Low-crime neighborhoods typically command meaningful premiums.
• Amenities: In-unit laundry, parking, pools, fitness centers, and other building amenities can add $100-300+ monthly to base rent.

Tips for Renting in Colorado Springs