Rental market snapshot for West Colorado Springs, Colorado Springs

West Colorado Springs rental market summary

The rental market in West Colorado Springs, Colorado is showing signs of growth. In July 2023, there were 81 new listings, a significant increase from the previous month. The median rent in July 2023 was $1,450, a 3.3% decrease from the previous month and a 7.3% decrease from July 2022. This indicates that the rental market in West Colorado Springs is becoming more affordable for tenants.

Overall, the rental market in West Colorado Springs is becoming more attractive to tenants. With an increasing number of new listings and a decrease in median rent, tenants are able to find more affordable housing options in the area. This is great news for those looking to rent in the area, as they can now find more affordable options.

Median rent for all residential properties in West Colorado Springs

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The most expensive listings and top trending buildings in West Colorado Springs

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Bedroom Breakdown in West Colorado Springs

Studio
$1,048
MEDIAN RENT
1 Bedroom
$1,145
MEDIAN RENT
2 Bedroom
$1,380
MEDIAN RENT

West Colorado Springs neighborhood apartments rents

The rental market for studios in West Colorado Springs, Colorado is expected to remain relatively stable in December 2022. There will be two new studio listings, and the median rent is expected to increase by 5.3% from November 2022 to December 2022, from $995 to $1,048. This suggests that the rental market in West Colorado Springs is likely to remain steady in the near future.

The rental market for 1-bedroom apartments in West Colorado Springs, Colorado appears to be stable, with three new listings in July 2023 and a median rent of $1,145. Unfortunately, no data is available for June 2023, so it is not possible to determine the percent change in rent from June to July. Overall, the rental market for 1-bedroom apartments in West Colorado Springs appears to be steady.

The rental market for 2-bedroom apartments in West Colorado Springs, Colorado is showing signs of growth. In July 2023, there were two new 2-bedroom listings, indicating an increase in demand for these types of apartments. The median rent for 2-bedroom apartments in July 2023 was $1,380, a 12.7% increase from the median rent in June 2023, which was $1,225. This suggests that the rental market for 2-bedroom apartments in West Colorado Springs is becoming more competitive, and renters should expect to pay more for these types of apartments in the near future.

Frequently asked questions

Our data is best categorized as "alternative data", which is a burgeoning sector. Through partnerships and direct feeds, we extract key factual elements that are publicly available within rental listings on internet listing sites and property websites. Once aggregated, we mine through the data to parse out relevant insights and calculate important metrics, benchmarks, and other KPIs. Each week, our system sifts through millions of listing observations and other pockets of market information to deliver the most comprehensive picture of rental housing available.

This is a metric that we try not to overthink. Simply, we take each unique listing observation within a geographic boundary and calculate a simple average. Of course, we're careful to filter for duplicates and other listings that aren't reflective of the market.

Yes, but please attribute us accordingly.

Yes. We can deliver bulk raw data in various formats. Please contact us to discuss - [email protected]

While some of our data is refreshed daily and other data comes in weekly, the bulk of it comes in on a biweekly basis.

Our coverage is nationwide! In our platform, we have data points for every ZIP code and neighborhood boundary in the country.

Every rental housing unit is differentiated by attributes such as its location, square footage, and amenity composition. Thanks to machine learning and natural language processing technologies we deploy, we're able to deconstruct our rental listing data points and identify key amenities for each listing. With this information, we're able to give signals around how certain amenities drive rental pricing value in certain areas.

Well, we think so! At the highest level, our process is simple. Listings data is ingested, cleaned (de-duplicated. etc.), analyzed for insights, and then presented to our users.

As of 2023-07-31, the median rent in West Colorado Springs is $1,450.
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