Rent Tracker
Rent Inflation in Colorado Springs, CO
The average asking rent in Colorado Springs, CO is $1,787/month as of 2026-08. That is +2.3% compared to a year ago.
Source: Zillow Observed Rent Index (ZORI) | zillow.com/research
Current Avg Rent
$1,787/mo
as of 2026-08
Year-over-Year Change
+2.3%
24-Month Rent Trend
Monthly ZORI index values for Colorado Springs, CO.
| Month | Avg Asking Rent | Change from Prior Month |
|---|---|---|
| 2026-08 | $1,787 | +0.45% |
| 2026-07 | $1,779 | +0.40% |
| 2026-06 | $1,772 | +0.62% |
| 2026-05 | $1,761 | +0.57% |
| 2026-04 | $1,751 | +0.57% |
| 2026-03 | $1,741 | +0.93% |
| 2026-02 | $1,725 | +0.58% |
| 2026-01 | $1,715 | +0.41% |
| 2025-12 | $1,708 | -0.47% |
| 2025-11 | $1,716 | -0.52% |
| 2025-10 | $1,725 | -0.75% |
| 2025-09 | $1,738 | -0.52% |
| 2025-08 | $1,747 | -0.29% |
| 2025-07 | $1,752 | -0.06% |
| 2025-06 | $1,753 | +0.29% |
| 2025-05 | $1,748 | +0.40% |
| 2025-04 | $1,741 | +0.40% |
| 2025-03 | $1,734 | +0.23% |
| 2025-02 | $1,730 | +0.12% |
| 2025-01 | $1,728 | -0.17% |
| 2024-12 | $1,731 | -0.35% |
| 2024-11 | $1,737 | -0.40% |
| 2024-10 | $1,744 | -0.46% |
| 2024-09 | $1,752 | — |
Why Rent Inflation Matters
Shelter is the single largest component of the official CPI, accounting for roughly one-third of the index. But the BLS shelter index tends to lag real-market rent changes by 12–18 months because it measures rents paid by all tenants — including long-term renters locked into old leases. ZORI measures asking rents for new leases, making it a timelier signal of where CPI shelter inflation is headed.
When ZORI is rising sharply in your city, it is a leading indicator that official shelter inflation — and therefore overall CPI — will remain elevated in coming months.
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Data Source
Rent data uses the Zillow Observed Rent Index (ZORI), a smoothed measure of typical market-rate asking rents updated monthly by Zillow Research. ZORI covers single-family homes, condos, and co-ops and reflects asking rents for new leases — making it a more timely indicator than the lagged BLS shelter index. zillow.com/research | Money & Prices