The average rent for a 1-bedroom in Colorado Springs is estimated to be between $1,300 and $1,450 as of the first half of 2026. Data shows that this is about 20 to 30 percent cheaper than Denver, making it a relatively accessible rental market within Colorado.

By area, new developments near downtown Colorado Springs and Broadmoor can exceed $1,500. In contrast, properties in the outskirts, such as Fountain or Powderhouse, can drop to around $1,200. There is an approximate gap of $200 to $300 between different regions.

Studios are estimated to be around $1,050, while 2-bedrooms are around $1,650. Due to the high turnover of military-related populations, there seems to be a steady demand for short-term rentals.

Over the past year, Colorado Springs has shown a slight increase after a period of stability, with data indicating an annual increase of 2 to 3 percent, which is lower than the national average. This is believed to be influenced by a steady supply of new listings.

Compared to nearby cities, Colorado Springs has a distinct position. Denver has significantly higher rents than Colorado Springs, while Pueblo tends to be cheaper. Thus, Colorado Springs occupies a middle position in the southern Colorado rental market.

The concentration of the Korean population is not as high as in Denver, but there has been a noticeable increase in Korean households moving to Colorado Springs in recent years due to military-related jobs or relocations. The area around Northgate, where Korean markets and churches are located, tends to have slightly higher rents than other regions.

If Korean families are considering Colorado Springs to avoid the rental burden in Denver, it appears to be a competitive choice even when commuting distances are taken into account. It is recommended to first compare the areas around Northgate and Broadmoor.