Rental Market Trends in Centennial, CO

Q: What is the average rent in Centennial, CO?

As of February 2025, the average rent in Centennial, CO was $1,783/month.

What is the average rent in Centennial, CO?

$1,783/month

Average Rent

754 Sq Ft

Average Apartment Size

-2.9%

Decrease in the Last Year

As of February 2025, the average rent in Centennial, CO is $1,783 per month. For comparison, the national average rent price in the US is currently $1,557/month, which means Centennial rent prices are 15% higher than the national average. When you rent an apartment in Centennial, you can expect to pay about $1,666 per month for a studio, $1,783 for a one-bedroom apartment, and around $2,275 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $2,980 or more.

Floor Plan Type

Average Rent

Average Sq Ft

Studio

$1,666/month

572 Sq Ft

One Bedroom

$1,783/month

754 Sq Ft

Two Bedroom

$2,275/month

1,095 Sq Ft

Three Bedroom

$2,980/month

1,567 Sq Ft

Floor Plan Type

Average Rent

Average Sq Ft

Two Bedroom

$2,163/month

1,015 Sq Ft

Three Bedroom

$2,838/month

1,697 Sq Ft

Four Bedroom

$3,463/month

2,456 Sq Ft

Floor Plan Type

Average Rent

Average Sq Ft

One Bedroom

$1,758/month

806 Sq Ft

Two Bedroom

$2,480/month

1,009 Sq Ft

Three Bedroom

$2,909/month

1,532 Sq Ft

Floor Plan Type

Average Rent

Average Sq Ft

Two Bedroom

$2,330/month

1,241 Sq Ft

Three Bedroom

$2,713/month

1,668 Sq Ft

How much has average rent changed in Centennial, CO?

In the past year, rent has decreased by 2.9%, which averages out to $52 less per month.

Percentage*

Rent Range

0% Below $700/month

0% $700 - $1,000/month

4% $1,001 - $1,500/month

56% $1,501 - $2,000/month

40% Above $2,000/month

Rent by Neighborhood

Last Updated Today

What are the most affordable neighborhoods in Centennial?

Based on current rent prices, Willow Creek and West Centennial" are the most affordable neighborhoods in Centennial.

Calculate Rent Affordability

Neighborhood

Average Rent

Average Sq Ft

Willow Creek

$2,045/month

754 Sq Ft

West Centennial

$2,085/month

803 Sq Ft

What are the most expensive neighborhoods in Centennial?

Based on current rent prices, West Centennial and Willow Creek" are the most expensive neighborhoods in Centennial.

Calculate Rent Affordability

Neighborhood

Average Rent

Average Sq Ft

West Centennial

$2,085/month

803 Sq Ft

Willow Creek

$2,045/month

754 Sq Ft

Which Centennial neighborhoods have the most rentals available?

The neighborhoods in Centennial with the most apartments available are Willow Creek and West Centennial" .

Calculate Rent Affordability

Neighborhood

Average Rent

Average Sq Ft

Willow Creek

$2,045/month

754 Sq Ft

West Centennial

$2,085/month

803 Sq Ft

What salary do I need to live comfortably in Centennial, CO?

Because the average rent in Centennial is $1,783, you’ll want to make about $5,943 per month or $71,316 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.

How does Centennial, CO compare to other nearby cities and neighborhoods?

Use the tool below to compare Centennial, CO to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.

Explore the Area Guide for Centennial, CO

Apartment Averages

Willow Creek

Centennial, CO

West Centennial

Centennial, CO

Studio

$1,729/month

$1,622/month

One Bedroom

$1,873/month

$1,662/month

Two Bedroom

$2,256/month

$2,401/month

Three Bedroom

$2,614/month

$3,231/month

Nearby City Rent Trends

Apartment communities in Centennial we think you'll love

Elevate - Denver

7338 S Havana St,
Centennial, CO 80112

1-3 Beds | $1,600 - $2,800

The Orchards at Cherry Creek Park

6000 S Fraser St,
Aurora, CO 80016

1-3 Beds | $1,299 - $2,070

Villas at Homestead

6857 S Homestead Pky,
Centennial, CO 80112

1-3 Beds | $1,675 - $2,475

AMLI Dry Creek

7471 S Clinton St,
Centennial, CO 80112

1-3 Beds | $1,729 - $3,989

Property Management Companies in Centennial, CO

Greystar

3,234

Communities
894,437

Units
830

Cities

16 Communities in Centennial

Avenue5 Residential

518

Communities
114,885

Units
204

Cities

4 Communities in Centennial

Holland Partner Group

67

Communities
19,811

Units
25

Cities

3 Communities in Centennial

AMC

675

Communities
130,131

Units
267

Cities

2 Communities in Centennial

AMLI Residential

55

Communities
19,594

Units
30

Cities

2 Communities in Centennial

Embrey

29

Communities
8,925

Units
18

Cities

2 Communities in Centennial

Willow Bridge

686

Communities
187,197

Units
310

Cities

1 Community in Centennial

RPM

627

Communities
164,738

Units
235

Cities

1 Community in Centennial

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United States Colorado Centennial Rental Trends

Methodology

† Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.

* Percentages may not total 100 due to rounding.