Boulder, Colorado Rental Market Trends
Any shifts in rent prices brought forth by the COVID-19 pandemic are not yet reflected in the statistics on this page. Please bear this in mind when referencing the data below, as it may not accurately describe the current context of the Boulder, Colorado rental market.
Highlights
An apartment for rent in Boulder, Colorado typically goes for $2,349 per month, while a single-family home for rent in Boulder, Colorado has a monthly cost of around $3,607. Renter-occupied units make up 50% of the local housing market, while the rental vacancy rate in Boulder, Colorado is at 4.
Boulder, Colorado
Average Apartment Rent in February 2023
$2,349
Y-o-Y Change in Average
Apartment Rent
4%
Average Single-Family Rent in February 2023
$3,607
Compared to a year ago, Boulder, Colorado apartments have recorded a 4% rent increase.
Boulder, Colorado |Average apartment rent trend
Boulder, Colorado| Average apartment rent
Boulder, Colorado | Apartment rent ranges
At 58.34%, apartments priced Over $2,000 represent the bulk of Boulder, Colorado rentals, while condos priced $1,000 - $1,500 hold the lowest share of the market – 12.19%.
Boulder, Colorado | Housing tenure**
Renters take up 50% of Boulder, Colorado real estate, occupying a total of 21,871 units, while homeowners live in 21,507 properties.
Median number of rooms of renter-occupied housing units**
3.8
Renter median household income**
$42,354
Average household size of renter-occupied housing units**
2.23
Rental vacancy rate**
4%
Boulder, Colorado | Renter-occupied housing units by no. of bedrooms**
There are 8,115 rentals in Boulder, Colorado with 2 beds making up the highest share of the market, at 37%. Units with 5 or more beds, on the other hand, hold the lowest percentage (3%), amounting to 642 units. Overall, the median number of rooms in Boulder, Colorado homes for rent is 3.8.
Boulder, Colorado |Renter-occupied units by age of householder**
Most condos for rent in Boulder, Colorado are occupied by residents in the 15 - 24 years age group (34%), followed by those in the 25 - 34 years age group (30%). At the same time, people in the 60 - 64 years age group make up the lowest share of the local rental market – 2%.
Boulder, Colorado | Renter-occupied housing units by family type**
Boulder, Colorado | Renter-occupied housing units by the presence of own children**
A total of 4,658 apartments for rent in Boulder, Colorado, or 21% of all rentals are family households. Additionally, 10% of rental homes include children under the age of 18 – that’s 2,141 units. All in all, the median size of a renter-occupied household in Boulder, Colorado is 2.23.
Boulder, Colorado | Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 55% of the rental market. In contrast, residents with less than a high school degree reside in 2% of the homes for rent in Boulder, Colorado.
Boulder, Colorado | Renter-occupied units by year structure built**
The highest share of Boulder, Colorado apartment rentals, namely 23% or 5,001 units, were Built 1970 - 1979, followed by those Built 1980 - 1989 (16%, 3,557 units), and the ones Built 1960 - 1969 (16%, 3,413 units).
Boulder, Colorado | Renter-occupied units by year householder moved in**
Median year renter moved into unit2017
Most Boulder, Colorado renters (63%) moved in 2015 to 2016, while only 1% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Boulder, Colorado condos for rent is 2017.
Boulder, Colorado | Renter-occupied housing units by vehicles available**
When it comes to transportation options, 42% of Boulder, Colorado renters have 1 vehicle available per household, 30% of them have 2 vehicles available, and 15% have No vehicle available.
Boulder, Colorado | Means of transportation to work of householders living in renter-occupied housing units**
Boulder, Colorado |Geographical mobility in the past year for householders living in renter-occupied housing units**
Boulder, Colorado | Average apartment rent by zip codes
The rental statistics on this page were compiled using data provided by our sister company, Yardi Matrix, an apartment market intelligence solution which offers comprehensive information on all Boulder, Colorado apartment buildings 50 units or larger. Yardi Matrix covers ~80% of the U.S. metro area population, including over 80,000 properties and 15.2 million apartments across 124 U.S. markets.
*Average single-family rent calculated from point2homes.com data.
**Data sourced from U.S. Census Bureau; American Community Survey, 2020 American Community Survey 5-Year Estimates
