Average Rent in El Paso, CO

Current Versus Historical El Paso, CO Rents

El Paso rentals average $904 for a studio rental to $2,650 for a 4-bedroom rental. The median price of all currently available listings is $1,795, or roughly $1 per square feet.

For the apartment units and housing in April 2024, median rents have fallen substantiallyover the last year. Studio rentals prices have decreased by $82 (-9.26%) year-over-year from $882 to $800. 1-bedroom rentals prices have decreased by $761 (-40.04%) year-over-year from $1,901 to $1,140. 2-bedroom rentals prices have decreased by $218 (-12.71%) year-over-year from $1,718 to $1,500. 3-bedroom rentals prices have increased by $13 (0.61%) year-over-year from $2,187 to $2,200. 4-bedroom rentals prices have decreased by $12 (-0.48%) year-over-year from $2,562 to $2,550. Note that this figure includes all active and rented listings throughout the month.

Month-to-month, seasonality might have a bigger impact than overall trend price changes. Studio rents have gone down by 7.16% this month. 1-bedroom rents have gone down by 2.22% this month. 2-bedroom rents have gone down by 0.39% this month. 3-bedroom rents have gone up by 3.13% this month. 4-bedroom rents have gone up by 2.75% this month.

Beds	Price / Sqft	Apr 2024 Rent	1 Yr Ago Rent (% +/-)	3 Yr Ago Rent (% +/-)
Studio	$2.43	$800	$882 (-9.26%)	$828 (-3.42%)
1 BR	$1.88	$1,140	$1,901 (-40.04%)	$1,428 (-20.15%)
2 BR	$1.50	$1,500	$1,718 (-12.71%)	$1,626 (-7.77%)
3 BR	$1.29	$2,200	$2,187 (0.61%)	$1,896 (16.04%)
4+ BR	$1.03	$2,550	$2,562 (-0.48%)	$2,198 (16.00%)

Historical Rents in El Paso, CO

Studio

1 Bed

2 Bed

3 Bed

4 Bed

Top Cities Near El Paso

There are a total of 4 cities nearby El Paso. The average rent in El Paso is currently $1,693 per month. A total of 3 cities nearby have an average rent lower than that. Our records show that Pueblo, CO, with an average rent of $1,000, is the most affordable city nearby. In contrast, the most expensive city near El Paso, CO is Aurora, CO. Monthly rents here are on average $2,199 per month.

Let's compare El Paso, CO's rent against other top cities nearby by bedroom size. Typically, rent for studios in El Paso, CO is 8.14% more expensive than other cities nearby. One bedrooms are about 13.69% more affordable. Two bedrooms in El Paso, CO are about 9.32% more affordable. Finally, rent for three bedrooms are about 10.80% more affordable. Want more information? Check out the top 4 cities near El Paso, CO in the following chart.

City	Studio	1 Bed	2 Bed	All
Pueblo, CO	$775	$800	$1,100	$1,000
Lakewood, CO	$623	$1,350	$1,750	$1,685
Colorado Springs, CO	$885	$1,025	$1,475	$1,700
Aurora, CO	$1,050	$1,250	$1,800	$2,199

Top Neighborhoods Near El Paso

There are a total of 1 neighborhoods in or near El Paso. We've included all of these top 1 neighborhoods in or near El Paso, CO in the following chart.

The average rent for these 1 neighborhoods in or near El Paso, CO is currently around $1,978 per month. Meaning, only a single neighborhood out of these neighborhoods has a higher average rent. Interestingly, the neighborhoods' average rent is higher than El Paso's average rent, which is only $1,795. Out of all the neighborhoods in or near El Paso, West Colfax has the most affordable average rent at $1,978 per month. Whereas, at $1,978 average rent per month, West Colfax is the most expensive neighborhood in or near El Paso. View the following chart for more information.

Neighborhood	Studio	1 Bed	2 Bed	All
West Colfax, Denver, CO	$1,569	$1,919	$2,696	$1,978

Top Counties Near El Paso

There are a total of 1 counties located by El Paso, CO. Some of these counties include Pueblo, CO, Jefferson, CO, and Arapahoe, CO. The average rent for rentals in these counties is $2,000. That's roughly around $2 per sqft. A total of 1 counties have a lower average rent. The county that is the most affordable is Pueblo, CO. It's average rent per month is $1,100. Vice versa, with an average rent of $2,870, Douglas, CO is the most expensive county by El Paso, CO.

Typically, rent for studios in El Paso, CO is 6.53% more affordable than other counties nearby. In comparison, rent for one bedroom listings in El Paso, CO is 32.18% more affordable than other counties nearby. Finally, rent for two bedrooms in El Paso, CO is 23.73% more affordable than other counties nearby. We've listed all of these counties in the chart below.

County	Studio	1 Bed	2 Bed	All
Pueblo, CO	$775	$800	$1,100	$1,100
Jefferson, CO	$1,150	$1,350	$1,750	$1,800
Arapahoe, CO	$1,213	$1,295	$1,900	$2,200
Douglas, CO	N/A	$1,920	$2,505	$2,870

Top Zipcodes Near El Paso

There are a total of 2 zipcodes in or near El Paso, CO. The average rent for all of these zipcodes is $1,790.

The following chart includes the top 2 zipcodes in El Paso, CO. You can view the average rent breakdown for each zipcode by bedroom size.

Zipcode	Studio	1 Bed	2 Bed	All
80204, Denver, CO	$1,677	$1,958	$2,541	$1,985
80203, Denver, CO	$1,158	$1,425	$1,918	$1,595

Frequently Asked Questions - El Paso Average Rents

What is the average rent price in El Paso, CO?

The average monthly rental price for El Paso, CO apartments for rent is approximately $1,795. This calculation takes into consideration rental listings of varying bedroom/bathroom sizes, building types, and locations.

Do El Paso, CO rent prices drop in winter?

Yes! On average we see a 3.4% drop in rental prices between the peak summer months and the slower winter months. With the added bonus of decreased competition from other renters looking to move, winter is generally considered the best time of the year to find an apartment for rent in El Paso, CO.

How much is a studio apartment in El Paso, CO?

The average monthly rental price for studio apartments is $904 and an average price per square feet of $2.43. There are a total of 14 studio apartment listings currently available for rent in El Paso.

How much is a one bedroom apartment in El Paso, CO?

The average monthly rental price for one bedroom apartments is $1,001 and an average price per square feet of $1.88. There are a total of 78 one bedroom apartment listings currently available for rent in El Paso.

How much is a two bedroom apartment in El Paso, CO?

The average monthly rental price for two bedroom apartments is $1,475 and an average price per square feet of $1.50. There are a total of 104 two bedroom apartment listings currently available for rent in El Paso.

How have rent prices in El Paso, CO changed this year?

Rent prices for rentals in El Paso, CO can fluctuate yearly. Specifically, studio rental prices have changed by -0.09%, one bedroom rental prices have changed by -0.40%, two bedroom rental prices have changed by -0.13%, and three bedroom rental prices have changed by 0.01% year-over-year.

What is a reasonable rent price in El Paso, CO?

A reasonable rent price in El Paso, CO is around $1,436/month. You can search for these reasonably priced rental listings on RentHop.