Lakewood, 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 Lakewood, Colorado rental market.
Lakewood, Colorado
Average Apartment Rent
$1,898
Y-o-Y Change in Average
Apartment Rent
-1%
As of November 2024
Compared to a year ago, Lakewood, Colorado apartments have recorded a -1% rent decrease.
Lakewood, Colorado Average apartment rent trend
Lakewood, Colorado Average Apartment Rent
Lakewood, Colorado Apartment rent ranges
At 58.06%, apartments priced $1,500 - $2,000 represent the bulk of Lakewood, Colorado rentals, while condos priced $700 - $1000 hold the lowest share of the market – 0.71%.
Lakewood, Colorado Housing tenure**
Renters take up 42% of Lakewood, Colorado real estate, occupying a total of 28,580 units, while homeowners live in 39,531 properties.
Median number of rooms of renter-occupied housing units**
3.8
Renter median household income**
$60,018
Average household size of renter-occupied housing units**
2.11
Rental vacancy rate**
5.1%
Lakewood, Colorado Renter-occupied housing units by no. of bedrooms**
There are 12,548 rentals in Lakewood, Colorado with 2 beds making up the highest share of the market, at 44%. Units with 5 or more beds, on the other hand, hold the lowest percentage (2%), amounting to 429 units. Overall, the median number of rooms in Lakewood, Colorado homes for rent is 3.8.
Lakewood, Colorado Renter-occupied units by age of householder**
Most condos for rent in Lakewood, Colorado are occupied by residents in the 25 - 34 years age group (32%), followed by those in the 35 - 44 years age group (18%). At the same time, people in the 85 years and over age group make up the lowest share of the local rental market – 3%.
Lakewood, Colorado Renter-occupied housing units by family type**
Lakewood, Colorado Renter-occupied housing units by the presence of own children**
A total of 12,130 apartments for rent in Lakewood, Colorado, or 42% of all rentals are family households. Additionally, 22% of rental homes include children under the age of 18 – that’s 6,326 units. All in all, the median size of a renter-occupied household in Lakewood, Colorado is 2.11.
Lakewood, Colorado Renter-occupied housing units by educational attainment**
In terms of education, renters holding bachelor degrees or higher make up 35% of the rental market. In contrast, residents with less than a high school degree reside in 9% of the homes for rent in Lakewood, Colorado.
Lakewood, Colorado Renter-occupied units by year structure built**
The highest share of Lakewood, Colorado apartment rentals, namely 24% or 6,720 units, were Built 1970 - 1979, followed by those Built 1980 - 1989 (17%, 4,981 units), and the ones Built 1990 - 1999 (13%, 3,726 units).
Lakewood, Colorado Renter-occupied units by year householder moved in**
Median year renter moved into unit 2018
Most Lakewood, Colorado renters (41%) moved in 2010 to 2017, while only 1% of them moved in 1990 to 1999. Overall, the median year renters have occupied their Lakewood, Colorado condos for rent is 2018.
Lakewood, Colorado Renter-occupied housing units by vehicles available**
When it comes to transportation options, 46% of Lakewood, Colorado renters have 1 vehicle available per household, 33% of them have 2 vehicles available, and 11% have No vehicle available.
Lakewood, Colorado Means of transportation to work of householders living in renter-occupied housing units**
Lakewood, Colorado Geographical mobility in the past year for householders living in renter-occupied housing units**
Lakewood, 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 Lakewood, 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
