Colorado Springs rents edge higher across every segment as concessions ease to a two-year low
By
Rental Beast
The quarter at a glance:
Rents climbed across every property type, led by 3-bedrooms and single-family units, both up roughly 2% quarter-over-quarter
Concessions eased to 51.8% of listings from 56.6% in Q1
Days on market fell to 18 (from 22), with single-family leasing especially quickly, down 25.0%
The rent-vs-buy gap widened to $1,195/month from $1,073
Median Rent by Unit Type
Every property type posted a quarter-over-quarter gain, even where year-over-year comparisons are still slightly negative.
Colorado Springs, CO · Q2 2026
Median rent by property type
Bars show YoY % change
1BD
-1.3%
$1,415
2BD
+0.2%
$1,683
3BD
+0.0%
$2,095
SF
-0.2%
$2,145
MF
-1.3%
$1,550
Quarter over quarter: 1BD +1.1%, 2BD +1.8%, 3BD +2.2%, SF +2.1%, MF +0.6%Rental Beast
Concessions & Days on Market
Concessions fell to 51.8%, now down both quarter-over-quarter and year-over-year, the only market in this report to post declines on both measures, while days on market improved across every property type.
Colorado Springs, CO · Q2 2026
Concessions and days on market
51.8%
of listings offer a concession down from 56.6% last quarter (down 5.2% YoY) National median: 39.9%
Median days on market
All
18
SF
15
MF
23
All -18.2% (SF -25.0%, MF -8.0%) quarter over quarter
National median: All 22 / SF 20 / MF 24
Rental Beast
Property Managers Market Sentiment
Property managers turned notably more bullish on rents, and applicant sentiment flipped just as sharply, every measure pointing to a market tightening at once.
Colorado Springs, CO · Q2 2026
Market sentiment
Do you expect rent prices to increase, decrease, or remain the same over the next 6 months?
60%
Remain the same, 40%
IncreaseDecreaseRemain the same
vs. Q1 2026: 45% increase, 0% decrease, 55% remain the same
Are you currently getting more, fewer, or about the same applicants for your available rentals?
12%
About the same, 88%
FewerMoreAbout the same
vs. Q1 2026: 37% fewer, 0% more, 63% about the same
Rent vs. buy: the gap keeps widening
Owning now costs $1,195 more per month than renting, up from $1,073 in Q1.
Colorado Springs, CO · Q2 2026
Rent vs. buy
Rent
$2,095
Buy
$3,290
$1,195/mo
more expensive to buy than rent. The gap widened from $1,073 last quarter (up $122 quarter over quarter).
Rent vs. buy gap by quarter
1Q252Q253Q254Q251Q262Q26
Median list price $498,000 (May 2026). 20% down, 6.5% rate, taxes and insuranceRental Beast
Rental data used in this report are sourced and catalogued directly by Rental Beast, unless otherwise noted. In the Colorado Springs market, MLS data was also included, courtesy of RSC. Rental Beast listing data covers a range of rental property types and owner types operating within the long-term rental market (generally considered to be leases with a minimum of three months). Single-family rentals are considered to be properties with 4 or fewer units. Multifamily is more than 4 doors. Unless otherwise noted, our analysis uses the Colorado Springs, CO, metropolitan statistical area (MSA) as the geographical unit.
Rents are calculated based on these listings. Days on market (DOM) and concession analysis are based on these listings, with some data sources excluded due to DOM and concession info being unavailable or deemed to be unreliable. Concessions are incentives that entice renters to sign a lease (e.g., one month free, a gift card, etc.).
Our sentiment survey is based on phone conversations during Q2 2026 with rental building and community managers and property managers. Questions and answer choices:
Q1. Do you expect rent prices to increase, remain the same or decrease over the next 6 months? [Possible answers: Remain the same, increase, decrease]
Q2. Do you believe you are currently getting more, about the same or fewer applicants for your available rentals? [Possible answers: About the same, more, fewer]
DISCLAIMER. This report attempts to provide reliable and useful information; however, there is no guarantee that the information or other content in this document is accurate, current or suitable for any particular purpose. All content is subject to change without notice. All content is provided on an “as is” basis, with no warranties of any kind whatsoever. Rental data used in this report are sourced and catalogued directly by Rental Beast, unless otherwise noted. Our analysis uses MSA as the geographical unit and is not reflective of all-U.S. measures. Information from this document may be used with proper attribution.
