Fort Collins, 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 Fort Collins, Colorado rental market.
Fort Collins, Colorado
Average Apartment Rent
$2,049
Y-o-Y Change in Average
Apartment Rent
5.3%
As of July 2024
Compared to a year ago, Fort Collins, Colorado apartments have recorded a 5.3% rent increase.
Fort Collins, Colorado Average apartment rent trend
Fort Collins, Colorado Average Apartment Rent
Fort Collins, Colorado Apartment rent ranges
At 48.65%, apartments priced $1,500 - $2,000 represent the bulk of Fort Collins, Colorado rentals, while condos priced $700 - $1000 hold the lowest share of the market – 0.36%.
Fort Collins, Colorado Housing tenure**
Renters take up 48% of Fort Collins, Colorado real estate, occupying a total of 33,814 units, while homeowners live in 36,139 properties.
Median number of rooms of renter-occupied housing units**
4.4
Renter median household income**
$52,473
Average household size of renter-occupied housing units**
2.06
Rental vacancy rate**
2.9%
Fort Collins, Colorado Renter-occupied housing units by no. of bedrooms**
There are 13,276 rentals in Fort Collins, Colorado with 2 beds making up the highest share of the market, at 39%. Units with 5 or more beds, on the other hand, hold the lowest percentage (2%), amounting to 644 units. Overall, the median number of rooms in Fort Collins, Colorado homes for rent is 4.4.
Fort Collins, Colorado Renter-occupied units by age of householder**
Most condos for rent in Fort Collins, Colorado are occupied by residents in the 15 - 24 years age group (34%), followed by those in the 25 - 34 years age group (33%). At the same time, people in the 75 - 84 years age group make up the lowest share of the local rental market – 2%.
Fort Collins, Colorado Renter-occupied housing units by family type**
Fort Collins, Colorado Renter-occupied housing units by the presence of own children**
A total of 10,194 apartments for rent in Fort Collins, Colorado, or 30% of all rentals are family households. Additionally, 14% of rental homes include children under the age of 18 – that’s 4,897 units. All in all, the median size of a renter-occupied household in Fort Collins, Colorado is 2.06.
Fort Collins, Colorado Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 42% of the rental market. In contrast, residents with less than a high school degree reside in 2% of the homes for rent in Fort Collins, Colorado.
Fort Collins, Colorado Renter-occupied units by year structure built**
The highest share of Fort Collins, Colorado apartment rentals, namely 18% or 6,176 units, were Built 2010 - 2019, followed by those Built 1970 - 1979 (18%, 6,135 units), and the ones Built 1990 - 1999 (17%, 5,623 units).
Fort Collins, Colorado Renter-occupied units by year householder moved in**
Median year renter moved into unit 2019
Most Fort Collins, Colorado renters (49%) moved in 2018 to 2020, while only 1% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Fort Collins, Colorado condos for rent is 2019.
Fort Collins, Colorado Renter-occupied housing units by vehicles available**
When it comes to transportation options, 37% of Fort Collins, Colorado renters have 1 vehicle available per household, 34% of them have 2 vehicles available, and 15% have 3 vehicles available.
Fort Collins, Colorado Means of transportation to work of householders living in renter-occupied housing units**
Fort Collins, Colorado Geographical mobility in the past year for householders living in renter-occupied housing units**
Fort Collins, 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 Fort Collins, 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, 2022 American Community Survey 5-Year Estimates
