Colorado rent price analysis

Rental Market Reports > Single-Family Home Reports > Colorado

This rental market report examines the average rent in Colorado for five of the most analyzed cities on Rentometer in Q3 2023.

Summary - Year-Over-Year Rent Change

This rental market report highlights the Q3 2023 average rent prices for three-bedroom (3-BR) single-family rentals (SFRs) in these five Colorado cities: Boulder, Colorado Springs, Aurora, Denver, and Arvada.

According to our data, Boulder had the largest year-over-year rent price increase of 7%, while Arvada had the largest decrease in rent of 5%. 


  • Geography: This report considers rent changes in Rentometer’s five most analyzed SFR markets in Colorado during Q3 2023.

  • Property Type: 3-BR SFRs with all bathroom counts.

  • Analysis: Rent data was analyzed year-over-year for each city.

  • Data: New rents collected at the beginning and end of each quarter are reported, excluding outliers below $500 and above $10,000.

Year-Over-Year Change in Average Rent: 3-BR SFRs

Rent prices in these five Colorado cities experienced the following year-over-year rent increases in Q3 2023:

  • The average Boulder rent price is $3,749 with a year-over-year rent price increase of 7%
  • The average Aurora rent price is $2,648 with a year-over-year rent price increase of 3%
  • The average Denver rent price is $3,102 with a year-over-year rent price increase of 2%
  • The average Colorado Springs rent price is $2,233 with a year-over-year rent price increase of 1%
  • The average Arvada rent price is $2,730 with a year-over-year rent price decrease of 5%


City/State Q3 2022
Average Rent
Q3 2023
Average Rent
YoY %
Boulder, CO $3,500 $3,749 7%
Aurora, CO $2,576 $2,648 3%
Denver, CO $3,049 $3,102 2%
Colorado Springs, CO $2,206 $2,233 1%
Arvada, CO $2,868 $2,730 -5%




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Please note the research and data included in this report is aggregated from a variety of sources and many are third parties that are not affiliated with Rentometer, Inc. The information is believed to be accurate, but Rentometer, Inc. does not provide a warranty of any kind, either expressed or implied.