How Much Is the Average Rent in Colorado?

Understanding rental costs in Colorado involves recognizing the state’s diverse geography and economic landscape. From bustling urban centers to serene mountain towns, the cost of living, particularly rent, varies significantly across different regions. This variation is influenced by numerous factors, including population growth, job market strength, and housing supply dynamics. Navigating the rental market in this popular state requires a clear understanding of what to expect financially.

Statewide Average Rent

The average rent across Colorado reflects a blend of its varied housing markets. As of August 2025, the average rent in Colorado is $2,238 for all bedroom counts and property types. These figures represent broad averages, and actual rental prices can differ considerably based on the precise location and other characteristics of the property.

Rent by Specific Colorado Locations

Rental prices fluctuate substantially across Colorado’s distinct regions and major cities. Boulder consistently ranks among the most expensive areas, with average rents around $1,906 per month as of August 2025. A studio in Boulder averages about $1,702, a one-bedroom averages $1,906, and a two-bedroom can be around $2,380.

Denver, the state capital, also commands higher rents compared to the statewide average. As of August 2025, the average rent for an apartment in Denver is $1,656 per month. A studio apartment in Denver averages $1,440, a one-bedroom unit is about $1,656, and a two-bedroom averages $2,166 per month. The city’s strong job market and urban appeal contribute to these elevated rental costs.

Colorado Springs offers a comparatively more affordable rental market than Denver or Boulder. In August 2025, the average rent in Colorado Springs is $1,309 per month. Rent for a studio averages $1,138, a one-bedroom is about $1,309, and a two-bedroom averages $1,602. This makes Colorado Springs a more budget-friendly option for many renters seeking to reside in the state.

Fort Collins, known for its college-town atmosphere, also has its own rental trends. As of August 2025, the average rent in Fort Collins is $1,595 per month. A studio apartment averages $1,387, a one-bedroom averages $1,595, and a two-bedroom averages $1,869. Mountain towns, such as Aspen and Vail, typically feature significantly higher rental prices due to their appeal as tourist destinations and limited housing supply.

Influences on Rental Prices

Several factors contribute to the fluctuation of rental prices throughout Colorado. The state’s robust job market and consistent population growth are primary drivers, creating sustained demand for housing. When more people move into an area than new housing units are built, rental prices tend to increase due to basic supply and demand principles. This is evident in areas like Denver and Boulder, where strong economies and desirability attract many new residents.

Housing supply constraints also play a significant role. Limitations on available land for development, rising construction costs, and the pace of new housing unit completion can restrict the inventory of rental properties. This can lead to a competitive market where available units are quickly leased, often at higher prices.

Property characteristics, such as the age, size, and amenities offered, also influence rental rates. Newer buildings with modern features, such as in-unit laundry or fitness centers, command higher rents than older properties. The desirability of a neighborhood, linked to school districts, safety, and proximity to transportation or entertainment, also directly impacts rental values. Seasonality can affect rental prices, with demand peaking during warmer months as people relocate for new jobs or academic opportunities.

Common Inclusions in Rent

Renters in Colorado typically find that their monthly payment includes certain basic utilities. Common inclusions are usually water, sewer, and trash removal services. These are often bundled into the base rent, simplifying monthly budgeting for tenants. However, the extent of utility inclusion can vary significantly between properties and landlords.

More personalized utilities, such as electricity, natural gas, internet, and cable television, are frequently the tenant’s responsibility. Renters should confirm which utilities are included before signing a lease agreement to understand the full scope of their housing costs. Parking fees, if applicable, are also often an additional charge not covered in the base rent.

Resources for Finding Rentals

Finding a rental property in Colorado involves utilizing various resources to explore available listings. Online rental platforms are a primary tool, offering extensive databases of apartments, houses, and townhomes for rent. These websites allow users to filter searches by location, price range, number of bedrooms, and specific amenities. Many platforms also provide virtual tours and detailed property descriptions.

Local real estate agencies and property management companies often have exclusive listings or early access to new rentals. Engaging with a real estate agent specializing in rentals can provide personalized assistance and access to properties not widely advertised. Additionally, local classifieds and community housing boards, particularly in smaller towns, can still be valuable resources for finding available units. Renters should verify all information and terms directly with landlords or property managers before committing to any agreement.