Affordable & Income-Based Housing in Colorado Springs

Affordability

The median gross rent in Colorado Springs is $1,648 per month, against a median household income of $84,818 per year, according to Census ACS 5-Year data (as of 2024). About 39% of residents rent their homes, meaning demand for affordable options is steady across the city.

Safety

According to FBI Crime Data Explorer, the Colorado Springs Police Department reported a violent crime rate of 722 per 100,000 residents in 2024. Crime rates are not directly comparable across cities due to differences in reporting methods and local definitions.

Getting Around Colorado Springs

According to Walk Score, the areas around assisted properties in Colorado Springs score 40 (Car-Dependent) for walkability, 36 (Some Transit) for public transit, and 49 for bikeability. Most residents will find a personal vehicle helpful for daily errands.

Schools

Colorado Springs is served by 186 schools across 13 districts, including 110 elementary, 28 middle, and 46 high schools, plus 2 other schools, according to NCES Common Core of Data. Ratings vary by school and district, so renters should check the assigned schools for a specific address.

Cost of Renting in Colorado Springs

The median household income in Colorado Springs is $84,818 per year, according to Census ACS 5-Year data. The median market rent in the city is $1,648 per month, according to the same source.

Affordable and income-based housing can help bridge the gap for renters whose incomes fall well below the city median. Lease Lantern tracks 16 HUD-assisted or LIHTC properties with 1,167 total units in Colorado Springs.

Flood and Environmental Exposure

Of the 14 HUD-assisted properties in Colorado Springs with flood zone data, none are located in a high-risk flood zone. Flood exposure among these properties is low.