Average Rent in Colorado

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Current Versus Historical Colorado Rents

Colorado rentals average $1,549 for a studio rental to $3,150 for a 3-bedroom rental. The median price of all currently available listings is $1,900, or roughly $2 per square feet.
For the apartment units and housing in December 2024, median rents have been roughly unchanged over the last year. Studio rentals prices have increased by $305 (27.60%) year-over-year from $1,105 to $1,410. 1-bedroom rentals prices have increased by $26 (1.79%) year-over-year from $1,447 to $1,473. 2-bedroom rentals prices have increased by $28 (1.56%) year-over-year from $1,765 to $1,793. 3-bedroom rentals prices have increased by $297 (12.37%) year-over-year from $2,398 to $2,695. 4-bedroom rentals prices have increased by $543 (19.02%) year-over-year from $2,857 to $3,400. Note that this figure includes all active and rented listings throughout the month.
Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone up by 12.71% this month. 1-bedroom rents have gone down by 2.83% this month. 2-bedroom rents have gone down by 3.83% this month. 3-bedroom rents have gone up by 5.48% this month. 4-bedroom rents have gone up by 11.63% this month.
Beds
Price / Sqft
Dec 2024 Rent 1 Yr Ago Rent (% +/-) 3 Yr Ago Rent (% +/-)
Studio $2.76 $1,410 $1,105 (27.60%) $1,499 (-5.95%)
1 BR $2.45 $1,473 $1,447 (1.79%) $1,423 (3.45%)
2 BR $2.09 $1,793 $1,765 (1.56%) $1,707 (5.03%)
3 BR $2.32 $2,695 $2,398 (12.37%) $2,357 (14.36%)

Historical Rents in Colorado

Studio
1 Bed
2 Bed
3 Bed
4 Bed

Top Cities Near Colorado

There are a total of 33 cities nearby Colorado. The average rent in Colorado is currently $2,300 per month. A total of 7 cities nearby have an average rent lower than that. Our records show that Cedar City, UT, with an average rent of $1,250, is the most affordable city nearby. In contrast, the most expensive city near Colorado is Flower Mound, TX. Monthly rents here are on average $3,000 per month.

Let's compare Colorado's rent against other top cities nearby by bedroom size. Typically, rent for studios in Colorado is 17.69% more expensive than other cities nearby. One bedrooms are about 25.68% more expensive. Two bedrooms in Colorado are about 28.20% more expensive. Finally, rent for three bedrooms are about 30.87% more expensive. Want more information? Check out the top 10 cities out of 33 total cities near Colorado in the following chart.
City Studio 1 Bed 2 Bed All
Cedar City, UT N/A $595 $1,023 $1,250
Sunrise Manor, NV N/A $950 $1,163 $1,593
Whitney, NV N/A N/A $1,495 $1,800
Denver, CO $1,583 $1,829 $2,383 $1,840
Paradise, NV $1,513 $1,550 $1,725 $1,948
North Las Vegas, NV $760 $900 $1,550 $1,950
Las Vegas, NV $895 $1,195 $1,600 $2,000
Henderson, NV $1,550 $1,395 $1,750 $2,200
Enterprise, NV N/A $1,375 $1,750 $2,250
Winchester, NV N/A $2,200 $2,850 $2,475

Top Neighborhoods Near Colorado

There are a total of 8 neighborhoods in or near Colorado. Some of these neighborhoods include Downtown Las Vegas, Green Valley North, and Silverado Ranch. We've included all of these top 8 neighborhoods in or near Colorado in the following chart.

The average rent for these 8 neighborhoods in or near Colorado is currently around $2,175 per month. A total of one neighborhood has a lower average rent. Meaning, only seven neighborhoods have a higher average rent than $2,175. Interestingly, the neighborhoods' average rent is higher than Colorado's average rent, which is only $1,900. Out of all the neighborhoods in or near Colorado, Downtown Las Vegas has the most affordable average rent at $1,188 per month. Whereas, at $2,595 average rent per month, Southern Highlands is the most expensive neighborhood in or near Colorado. View the following chart for more information.
Neighborhood Studio 1 Bed 2 Bed All
Downtown Las Vegas, Las Vegas, NV $895 $1,250 $1,275 $1,188
Green Valley North, Henderson, NV N/A N/A $1,495 $1,995
Silverado Ranch, Paradise, NV N/A $1,363 $1,823 $2,000
Mountain Edge, Enterprise, NV N/A N/A $1,695 $2,150
Rhodes Ranch, Spring Valley, NV N/A $1,525 $1,600 $2,200
The Strip, Paradise, NV $2,000 $2,750 $2,250 $2,250
Mira Villas, Las Vegas, NV N/A $1,400 $1,898 $2,347
Southern Highlands, Enterprise, NV N/A N/A N/A $2,595

Top Counties Near Colorado

There are a total of 8 counties located by Colorado. Some of these counties include Iron, UT, Grayson, TX, and Hunt, TX. The average rent for rentals in these counties is $1,990. That's roughly around $1 per sqft. A total of 4 counties have a lower average rent. The county that is the most affordable is Iron, UT. It's average rent per month is $1,355. Vice versa, with an average rent of $4,500, Riverside, CA is the most expensive county by Colorado.

Typically, rent for studios in Colorado is 2.19% more affordable than other counties nearby. In comparison, rent for one bedroom listings in Colorado is 25.68% more expensive than other counties nearby. Finally, rent for two bedrooms in Colorado is 31.42% more expensive than other counties nearby. We've listed all of these counties in the chart below.
County Studio 1 Bed 2 Bed All
Iron, UT N/A $595 $1,023 $1,355
Grayson, TX $2,000 $1,250 $1,315 $1,750
Hunt, TX $1,500 $850 $1,180 $1,775
Denver, CO $1,583 $1,829 $2,383 $1,840
Wise, TX $3,000 $995 $1,295 $1,990
Clark, NV $895 $1,295 $1,600 $2,075
Denton, TX $2,650 $1,585 $2,156 $2,500
Collin, TX $2,249 $1,618 $2,100 $2,500
Riverside, CA $1,400 $1,950 $3,950 $4,500

Top Zipcodes Near Colorado

There are a total of 37 zipcodes in or near Colorado. The average rent for all of these zipcodes is $2,350. A total of 6 zipcodes have a average rent that is lower than that. The zipcode with the most affordable average rent for apartment listings is 89119, Paradise, NV at $1,300 per month. In comparison, the zipcode with the most expensive average rent of $3,050 per month is 75024, Plano, TX.

Studios in these zipcodes have an average rent of $463. Do you need more space than that? Average rent for one bedroom rentals for the zipcodes in or near Colorado is $1,025 per month. Or in other words, $1 per sqft. Meanwhile, two bedroom apartments will cost you an average of $1,795 per month. Which comes out to $2 per sqft. The following chart includes the top 10 zipcodes in Colorado. You can view the average rent breakdown for each zipcode by bedroom size.
Zipcode Studio 1 Bed 2 Bed All
75070, McKinney, TX $1,976 $1,923 $2,100 $2,500
75034, Frisco, TX $2,985 $1,665 $2,400 $2,950
75035, Frisco, TX $2,000 $1,582 $2,193 $2,850
89148, Clark County, NV N/A N/A $1,725 $2,200
89117, Las Vegas, NV N/A $1,275 $1,550 $2,250
89052, Henderson, NV N/A $1,698 $1,800 $2,500
76244, Fort Worth, TX $2,000 N/A $1,910 $2,313
89103, Paradise, NV N/A $1,195 $1,488 $1,600
75098, Wylie, TX $2,000 N/A N/A $2,598
89123, Paradise, NV N/A $1,375 $1,750 $1,973

Frequently Asked Questions - Colorado Average Rents

What is the average rent price in Colorado?
The average monthly rental price for Colorado apartments for rent is approximately $1,900. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.
Do Colorado rent prices drop in winter?
Yes! On average we see a 3.4% drop in rental prices between the peak summer months and the slower winter months. With the added bonus of decreased competition from other renters looking to move, winter is generally considered the best time of the year to find an apartment for rent in Colorado.
How much is a studio apartment in Colorado?
The average monthly rental price for studio apartments is $1,549 and an average price per square feet of $2.76. There are a total of 21 studio apartment listings currently available for rent in Colorado.
How much is a one bedroom apartment in Colorado?
The average monthly rental price for one bedroom apartments is $1,743 and an average price per square feet of $2.45. There are a total of 66 one bedroom apartment listings currently available for rent in Colorado.
How much is a two bedroom apartment in Colorado?
The average monthly rental price for two bedroom apartments is $2,333 and an average price per square feet of $2.09. There are a total of 43 two bedroom apartment listings currently available for rent in Colorado.
How have rent prices in Colorado changed this year?
Rent prices for rentals in Colorado can fluctuate yearly. Specifically, studio rental prices have changed by 0.28%, one bedroom rental prices have changed by 0.02%, two bedroom rental prices have changed by 0.02%, and three bedroom rental prices have changed by 0.12% year-over-year.
What is a reasonable rent price in Colorado?
A reasonable rent price in Colorado is around $1,520/month. You can search for these reasonably priced rental listings on RentHop.
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