Wilcox Street in downtown Castle Rock (2018-02-09 09:37:29)

Living here

Average rent in Castle Rock

What renters actually pay, by number of bedrooms, and how Castle Rock compares with Colorado and the US.

Median rent

$1,946/mo

44% above US

1 bedroom

$1,681/mo

42% above US

2 bedrooms

$1,860/mo

39% above US

Renters paying 30%+ of income

62%

US 50%

Renter households

5,717

Rent by number of bedrooms

Studio$1,717a month45% above USIncome needed: $68,680/yr
1 bedroom$1,681a month42% above USIncome needed: $67,240/yr
2 bedrooms$1,860a month39% above USIncome needed: $74,400/yr
3 bedrooms$2,481a month65% above USIncome needed: $99,240/yr
4 bedrooms$2,859a month54% above USIncome needed: $114,360/yr
5+ bedrooms$3,501a month77% above USIncome needed: $140,040/yr

Median gross rent (contract rent plus utilities) for occupied rental units, by bedrooms. Income needed uses the 30% rule.

How Castle Rock compares

Studio: median rent
  • Castle Rock$1,717
  • Colorado$1,395
  • United States$1,185
1 bedroom: median rent
  • Castle Rock$1,681
  • Colorado$1,478
  • United States$1,180
2 bedrooms: median rent
  • Castle Rock$1,860
  • Colorado$1,713
  • United States$1,338
3 bedrooms: median rent
  • Castle Rock$2,481
  • Colorado$1,969
  • United States$1,500

What rent can you afford?

$

At 30% of income you can spend about $1,860 a month.

  • Studio $1,717
  • 1 bedroom $1,681
  • 2 bedrooms $1,860
  • 3 bedrooms $2,481
  • 4 bedrooms $2,859
  • 5+ bedrooms $3,501

Green means the median Castle Rock rent for that size fits your budget. Landlords often ask for income of 2.5–3× the monthly rent.

How stretched are renters?

62% of Castle Rock renters spend 30% or more of their income on rent, and 28% spend half or more. The typical renter household puts 34.8% of its income toward rent (US: 50% and 25%).

Rent by zip code

Median gross rent for each ZIP Code Tabulation Area that overlaps Castle Rock.

HUD fair market rents

Studio$1,751
1 bedroom$1,831
2 bedrooms$2,169
3 bedrooms$2,846
4 bedrooms$3,183

HUD’s 2027 fair market rents for Denver-Aurora-Centennial, CO MSA are the payment benchmarks for housing vouchers (about the 40th percentile of recent movers’ rents), so they often differ from the medians above.

More on living in Castle Rock

See Castle Rock

Questions

What is the average rent in Castle Rock?

The median gross rent (rent plus utilities) is $1,946 a month, 15% above the Colorado median and 44% above the national median.

How much is a one-bedroom apartment in Castle Rock?

The median one-bedroom rents for $1,681 a month (US: $1,180).

How much is a two-bedroom in Castle Rock?

The median two-bedroom rents for $1,860 a month (US: $1,338).

How much do you need to make to rent in Castle Rock?

Using the common 30% rule, a median two-bedroom ($1,860) takes a household income of about $74,400 a year, and a one-bedroom about $67,240.

Is rent affordable in Castle Rock?

About 62% of Castle Rock renters spend 30% or more of their income on rent, and 28% spend at least half (US: 50% and 25%).

Source: U.S. Census Bureau, American Community Survey 2019–2023 5-year estimates (tables B25031, B25070 and B25071). Estimates have margins of error; figures are in 2023 dollars.

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