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COLORADO COST OF LIVING: Here’s where you can find cheapest rent in Colorado

Wilma Lugo April 21, 2022

DENVER (KDVR) — If you’re thinking about living in Colorado, there are many factors to consider. Denver has the 10th fastest-rising rent in the United States over the last year. However, there are other counties in the state that are considered to be more affordable.

RentData.org showed that the average fair market rent for a 2-bedroom in Colorado was $1,088 per month in 2021.

Fair market rent is determined each fiscal year by the United States Department of Housing and Urban Development and is used to set payment standards for federal housing assistance programs in Colorado, according to RentData.org.

Reasons people say they’re leaving Colorado

The data shows that the cheapest fair market rent price for a 1-bedroom in Colorado is $557 per month in Cheyenne County.

The most expensive fair market rent price for a 1-bedroom in Colorado is $1,428 per month in Boulder County.

10 reasons why people might want to live in Colorado

Here’s a look at the Colorado fair market rent prices for 2021 from RentData.org:

County Studio 1 BR 2 BR 3 BR 4 BR Est. Population
Adams County Metro $1,179 $1,304 $1,605 $2,186 $2,486 487,850
Alamosa County $648 $659 $845 $1,087 $1,448 16,345
Arapahoe County Metro $1,179 $1,304 $1,605 $2,186 $2,486 626,610
Archuleta County $779 $784 $1,033 $1,312 $1,789 12,590
Baca County $620 $624 $734 $1,050 $1,271 3,580
Bent County $652 $655 $791 $984 $1,073 5,805
Boulder County Metro $1,279 $1,428 $1,724 $2,360 $2,721 316,780
Broomfield County Metro $1,179 $1,304 $1,605 $2,186 $2,486 64,285
Chaffee County $601 $799 $911 $1,167 $1,434 18,820
Cheyenne County $553 $557 $734 $985 $1,156 2,125
Clear Creek County Metro $1,179 $1,304 $1,605 $2,186 $2,486 9,255
Conejos County $597 $600 $734 $945 $995 8,145
Costilla County $629 $633 $774 $963 $1,219 3,630
Crowley County $679 $683 $835 $1,121 $1,132 5,515
Custer County $652 $657 $862 $1,072 $1,492 4,505
Delta County $739 $744 $981 $1,235 $1,330 30,215
Denver County Metro $1,179 $1,304 $1,605 $2,186 $2,486 678,465
Dolores County $610 $614 $750 $1,073 $1,181 1,735
Douglas County Metro $1,179 $1,304 $1,605 $2,186 $2,486 320,940
Eagle County $1,132 $1,331 $1,715 $2,139 $2,326 53,725
Elbert County Metro $1,179 $1,304 $1,605 $2,186 $2,486 24,555
El Paso County Metro $797 $949 $1,200 $1,717 $2,078 674,825
Fremont County $675 $679 $895 $1,281 $1,321 46,600
Garfield County $947 $953 $1,212 $1,636 $2,098 57,945
Gilpin County Metro $1,179 $1,304 $1,605 $2,186 $2,486 5,795
Grand County $755 $874 $1,144 $1,484 $1,981 14,795
Gunnison County $820 $825 $1,012 $1,448 $1,752 16,215
Hinsdale County $603 $725 $826 $1,121 $1,300 820
Huerfano County $666 $671 $847 $1,054 $1,334 6,500
Jackson County $796 $801 $979 $1,328 $1,541 1,370
Jefferson County Metro $1,179 $1,304 $1,605 $2,186 $2,486 564,030
Kiowa County $617 $621 $770

$1,050 $1,195 1,370
Kit Carson County $649 $653 $861 $1,149 $1,491 7,845
Lake County $746 $763 $870 $1,245 $1,370 7,480
La Plata County $965 $1,009 $1,150 $1,646 $1,851 54,470
Larimer County Metro $1,004 $1,096 $1,351 $1,933 $2,339 330,975
Las Animas County $563 $647 $853 $1,219 $1,276 14,150
Lincoln County $650 $654 $862 $1,121 $1,492 5,520
Logan County $683 $687 $845 $1,209 $1,314 21,885
Mesa County Metro $674 $772 $1,018 $1,457 $1,763 148,800
Mineral County $796 $801 $979 $1,328 $1,541 835
Moffat County $660 $665 $876 $1,101 $1,188 13,055
Montezuma County $684 $688 $907 $1,151 $1,429 25,770
Montrose County $681 $685 $903 $1,292 $1,385 40,910
Morgan County $607 $681 $898 $1,160 $1,384 28,125
Otero County $627 $631 $832 $1,035 $1,312 18,325
Ouray County $1,024 $1,031 $1,359 $1,690 $2,052 4,655
Park County Metro $1,179 $1,304 $1,605 $2,186 $2,486 16,900
Phillips County $610 $614 $809 $1,072 $1,168 4,325
Pitkin County $1,129 $1,298 $1,711 $2,312 $2,320 17,745
Prowers County $623 $627 $773 $961 $1,218 12,085
Pueblo County Metro $631 $634 $836 $1,118 $1,320 163,370
Rio Blanco County $679 $684 $901 $1,198 $1,222 6,555
Rio Grande County $606 $609 $745 $1,047 $1,051 11,430
Routt County $1,052 $1,059 $1,395 $1,796 $2,415 24,360
Saguache County $574 $578 $762 $970 $1,033 6,340
San Juan County $796 $801 $979 $1,328 $1,541 570
San Miguel County $984 $1,159 $1,491 $2,061 $2,347 7,805
Sedgwick County $625 $629 $734 $913 $1,271 2,355
Summit County $1,200 $1,321 $1,607 $2,178 $2,530 29,720
Teller County Metro $761 $875 $1,153 $1,650 $1,875 23,770
Washington County $699 $715 $815 $1,014 $1,105 4,810
Weld County Metro $827 $937 $1,184 $1,694 $1,988 285,730
Yuma County $629 $634 $835 $1,132 $1,132 10,110
Credit: RentData.org

Rent analysts at RentCafé and Yardi Matrix said a massive number of new apartments are coming on board in the Mile High City in the coming months that will help stabilize rent prices.

While it might sound like a good idea to buy a home in Colorado instead of renting, median home prices in Colorado were $594,500 in February of this year, which is about 51% higher than the national median of $392,450, according to Ramsey Solutions.

10 reasons people might move out of Colorado

New data suggests more people are moving out of Colorado than into our state.

While there may be some factors that contribute to people leaving Colorado, there are also several reasons people want to move to the Centennial State.

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