Colorado Springs rents and rental comps

The median asking rent across Colorado Springs, CO sits at $1,574/month, pulled from active rental listings in 17 zip codes. That's down 1.0% from a year ago.

Rents aren't uniform across the city. ZIP 80925 tops the list at $2,400/month. ZIP 80909 comes in lowest at $935/month. That's a 157% spread between the top and bottom zip codes, which is wide. City-wide averages won't tell you much about a specific property here.

A 2-bedroom rents for $1,717/month at the median. 1-bedrooms run about $1,200. 3-bedrooms come in around $2,143.

Rental listings here lease fast. Average time on market is 11 days. Mispriced units still sit, but a fair-market price moves quickly.

Rent-to-price math is tight in Colorado Springs. The gross figure sits at about 4.2% ($1,574/month against $449,900 median price). Most investors here are betting on appreciation, not monthly cash flow.

HUD's Fair Market Rent for a 2-bedroom in the Colorado Springs metro is $1,620/month. Asking rents come in about 3% below the federal benchmark, which can make Section 8 properties competitive here.

Colorado Springs has five military installations, including Fort Carson, Peterson Space Force Base, and the Air Force Academy. That presence creates a constant rotation of renters, and Springs is one of the most military-dependent rental markets in the country. The city also catches Denver spillover, with people and companies moving south for lower costs. The Broadmoor area and the west side are premium. Southeast and the areas around Fort Carson are where military renters concentrate. Meaningfully cheaper than Denver, which matters for investors who want Colorado exposure. Military demand gives you a rental floor that civilian-only markets don't have.

These numbers are city-wide averages. If you're pricing a specific property in Colorado Springs, pull comps from the same zip code. The spread is usually bigger than people expect.