What Is the Average Rent in Colorado Springs?
Find out the average rent in Colorado Springs. Explore current housing costs across different property types, sizes, and local neighborhoods.
Understanding the rental landscape in any city is a key step for individuals and families considering a move or managing their personal finances. Colorado Springs, a prominent city at the base of the Rocky Mountains, presents a dynamic rental market. This overview provides insights into average rent, variations by property type and size, differences across neighborhoods, and the elements shaping these costs.
Overall Average Rent in Colorado Springs
The average rent in Colorado Springs varies by data source and property type. As of August 2025, the average apartment rent is approximately $1,309 per month, according to Apartments.com. Other analyses, including a broader range of property types, show higher averages. For instance, Zillow reported an average rent of $1,995 per month for all bedroom counts and property types as of August 2025.
Redfin’s data from July 2025 indicated an average rent of $1,572 per month, a slight decrease from the previous month. These varying figures emphasize the importance of considering data scope when evaluating the market. Colorado Springs remains somewhat more affordable than the national average, making it an attractive option for many renters. The market experiences ongoing adjustments, with minor fluctuations in average prices over short periods.
Rent by Property Size and Type
Rent prices in Colorado Springs show clear distinctions based on unit size and type. A studio apartment costs around $1,138 per month as of August 2025. One-bedroom apartments average approximately $1,309 per month. These figures provide a baseline for individuals or couples looking for compact and efficient housing solutions within the city.
Larger apartment units command higher rents due to increased space and amenities. A two-bedroom apartment averages about $1,602 per month. Three-bedroom apartments often exceed $2,023 per month. Beyond apartments, single-family homes and townhouses have higher rental costs. A two-bedroom house might average around $1,890, a three-bedroom house about $2,272, and a four-bedroom house approximately $2,633, based on Q1 2025 data.
Rent Across Colorado Springs Neighborhoods
Rental costs in Colorado Springs differ significantly across its neighborhoods, reflecting location-specific demand and amenities. Affluent areas feature higher average rents. For instance, neighborhoods like Ridgeview at Stetson Hills, University Heights, and Hidden Canyon are among the most expensive, with average rents reaching up to $2,643 per month. Northgate and Interquest also present higher rental averages, often exceeding $1,800 per month. These areas offer features such as newer constructions, better schools, or convenient access to employment centers and recreation.
More affordable rental options can be found in other parts of the city. Palmer Heights, Northglen, and Cherry Hills are among the most budget-friendly neighborhoods, with average rents as low as $859 per month. Other areas like Pikes Peak Park, Southborough, and Cragmoor also offer lower average rents, often falling below $1,150 per month. Neighborhoods such as Meadow Ridge, with an average rent of $898, and Spring Creek, averaging $948, provide accessible housing options. These variations allow renters to find homes that align with their budget and lifestyle preferences throughout Colorado Springs.
Key Influences on Rent Prices
Several factors collectively shape rental prices in Colorado Springs. Population growth is a primary driver, as an increasing number of residents creates higher demand for housing units. Since 2005, Colorado Springs has experienced substantial population increases, directly impacting the competitive rental market. This influx of people, coupled with local economic conditions, including a robust job market and significant military presence, fuels demand for both rental and owned properties.
The balance between housing supply and demand influences pricing. Colorado Springs has faced a housing deficit, meaning available units have not kept pace with growing demand. This shortage, estimated between 16,554 and 27,360 units in 2023, pushes rental prices upward. Factors such as construction costs, zoning regulations, and rising interest rates for home purchases can limit new housing development, directing more individuals toward the rental market. The desirability of specific neighborhoods, influenced by amenities, school districts, and proximity to employment or recreational facilities, also contributes to localized rent variations.