Rent in Colorado
The median 2-bedroom Fair Market Rent in Colorado is $1,732/mo, ranking #12 out of 51 states for highest rent. This is $482 above the national median of $1,250/mo. Colorado has a population of 5.8M. About 33.7% of households rent their homes. Fair Market Rent data covers 8 areas across the state.
Highlights
All 8 Areas in Colorado
| Area | Studio | 1BR | 2BR | 3BR | Burden | YoY |
|---|---|---|---|---|---|---|
| Boulder Pop. 328K | $1,553 | $1,795 | $2,124 | $2,820 | 24.8% | -4.2% |
| Denver-Aurora-Centennial Pop. 3.0M | $1,643 | $1,754 | $2,089 | $2,734 | 24.5% | - |
| Colorado Springs Pop. 761K | $1,196 | $1,464 | $1,735 | $2,413 | 23.9% | +0.1% |
| Fort Collins-Loveland Pop. 364K | $1,509 | $1,537 | $1,732 | $2,385 | 22.7% | - |
| Greeley Pop. 341K | $1,171 | $1,238 | $1,563 | $2,174 | 20.1% | +2% |
| Teller County Pop. 25K | $1,029 | $1,362 | $1,493 | $2,076 | 22.2% | -1.6% |
| Pueblo Pop. 169K | $875 | $967 | $1,269 | $1,617 | 24.5% | +9.6% |
| Grand Junction Pop. 157K | $881 | $986 | $1,249 | $1,737 | 21% | +11.2% |
Frequently Asked Questions
The median 2-bedroom Fair Market Rent across Colorado is $1,732 per month. Rents range from $1,249/mo in Grand Junction to $2,124/mo in Boulder. The actual median gross rent statewide is $1,693/mo according to Census data.
Colorado ranks #12 out of 51 states for highest median Fair Market Rent. The state median 2BR FMR of $1,732/mo is $482 above the national median of $1,250/mo.
The average rent burden across Colorado is 23%, meaning a typical household would spend 23% of income on a 2-bedroom at Fair Market Rent. No areas exceed HUD's 30% cost-burden threshold. The statewide median household income is $92,470.
The most affordable area in Colorado is Grand Junction with a 2-bedroom Fair Market Rent of $1,249/mo. The median household income there is $71,485.
The most expensive area in Colorado is Boulder with a 2-bedroom Fair Market Rent of $2,124/mo. The median household income there is $102,772.
Fair Market Rents represent the 40th percentile of gross rents for standard-quality rental units. State-level income and demographic data comes from the Census Bureau ACS 5-Year estimates. Rent burden is calculated as annual 2BR FMR divided by area median household income.