Recent market trends show that Colorado Springs has a lower rental burden compared to Denver, while the demand from military bases provides a stable rental market. The demand from military families centered around Peterson Space Force Base and Fort Carson is a distinguishing feature compared to other cities.

As of the first half of 2026, the median rent for 2-bedroom apartments in Colorado Springs is estimated to be around $1,500 to $1,700. This is over $400 cheaper than downtown Denver, and this price difference appears to be one of the factors driving population influx in recent years.

Popular areas can be broadly divided into three. First is Briargate, known for its good school district reputation and many new developments, attracting family demand. Second is near Powers Boulevard, which is close to Peterson Base and preferred by military families and contract workers. Third is near Old Colorado City, where good access to downtown and unique local businesses consistently attract young renters and roommate shares.

Rental price differences by area mainly stem from school district quality and proximity to military bases. Areas with good school reputations, like Briargate, see prices for the same 2-bedroom units form at over $150 higher, while areas further from downtown tend to have relatively cheaper listings available.

Recent rental trends have maintained a gradual upward trajectory. Instead of sharp increases, a pattern of adjustment alongside new supply is observed, with competition becoming somewhat fierce during the summer, the military family relocation season.

For Korean households, while the concentration of Koreans in Colorado Springs is not as high as in Denver, there are Korean churches and small Korean markets established near Powers Boulevard and Briargate, providing a decent living foundation. Rent is often over $300 cheaper than near Denver's Koreatown.

• Briargate - School district and new developments
• Powers Boulevard - Proximity to military bases
• Old Colorado City - Downtown access and local businesses

In conclusion, Colorado Springs can be seen as a reasonable option for tenants seeking spacious living at a budget-friendly price with a stable military demand base. It is advisable to check school district boundaries before signing a lease.