Will rent prices go down in Colorado Springs?

Colorado Springs rents have decreased by -1.26% compared to last month, and are up by 15.74% compared to last year.

Is it hard to rent in Colorado Springs?

It’s estimated that the vacancy rate in Colorado Springs right now is about 5%. So, for every hundred apartments, there are only five vacant and available—if you can afford them. And the city’s supply of affordable rentals is low.

Is rent high in Colorado Springs?

COLORADO SPRINGS — The cost to rent an apartment in Colorado Springs is at a new record high. Data shows median rents in Colorado Springs stand at $1,200 for a one-bedroom apartment and $1,496 for a two-bedroom.

How is the rental market in Colorado Springs?

Latest Rental Trends: As of November 26, 2021, the average rent for an apartment in Colorado Springs, CO is $1,205 which is a 4% increase compared to the previous year. Over the past month, the average rent for a studio apartment in Colorado Springs remained flat.

Where can I find affordable housing in Colorado Springs?

If you are seeking affordable housing:

  1. Click on the link www.coloradohousingsearch.com to search for affordable rental housing.
  2. Contact the Colorado Springs Housing Authority at 719.387. 6700 or [email protected] ..
  3. You may also call 211 as an additional resource for locating affordable housing services.

Can I afford to live in Colorado Springs?

Most financial advisors recommend spending no more than 30 percent of your annual income on rent. This means you would need to earn around $40,960 per year to comfortably afford a one-bedroom apartment in Colorado Springs.

What is minimum wage in Colorado Springs?

$12.56 per hour
COLORADO SPRINGS, Colo. (KKTV) – The Colorado minimum wage will rise on January 1, 2022, from $9.45 an hour to $12.56 per hour for those receiving enough in tips for total pay to meet or exceed the full minimum.

Where should I move in Colorado Springs?

Best Neighborhoods in Colorado Springs Briargate is in the heart of Colorado Springs and is one of the most appealing spots for young families. You’ll find plenty of shopping centers and great schools a few minutes from the neighborhood. Briargate is also known for its affordable and spacious homes.

What is the best small town to live in Colorado?

The 15 Best Small Towns in Colorado

  • of 15. Breckenridge.
  • of 15. Leadville.
  • of 15. Crested Butte.
  • of 15. Lyons.
  • of 15. Snowmass Village.
  • of 15. Fruita.
  • of 15. Rifle.
  • of 15. Nederland.