What is the median rent in Monument, CO?

Name: Median rent in Monument, CO, 2020–2024
Creator: US Census Bureau
License: https://www.census.gov/data/developers/about/terms-of-service.html

The median gross rent in Monument, CO is $1,929 (±$229) a month, according to the US Census Bureau’s 2020–2024 American Community Survey.

That is across 992 rented homes; gross rent is the contract rent plus the utilities and fuels a renter pays separately.

In Monument, the median gross rent went from $1,586 in 2015–2019 to $1,929 in 2020–2024 (+21.6%).

Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.

Figures last updated on November 12, 2026.

Median gross rent: $1,929 (±$229)
Rented homes: 992 (±216)
$2,000 or more: 46.1%
Since 2015–2019: +21.6%

How much rent costs in Monument

Share of rented homes in each gross-rent range, 2020–2024
Monthly gross rent	Monument	El Paso County	Colorado	United States
Less than $500	11.5% (±13.2 points)	2.6%	4.3%	6.3%
$500 to $999	12.2% (±10.6 points)	8.4%	8.7%	20.2%
$1,000 to $1,499	3.1% (±4.6 points)	27.6%	21.7%	28.1%
$1,500 to $1,999	27.0% (±13.5 points)	28.8%	29.2%	21.1%
$2,000 to $2,499	28.7% (±15.7 points)	22.1%	20.0%	12.0%
$2,500 to $2,999	0.9% (±1.5 points)	5.9%	8.7%	5.5%
$3,000 or more	16.5% (±11.4 points)	4.5%	7.3%	6.8%

The most common range is $2,000 to $2,499, paid by 28.7% of renting households.

46.1% of rented homes in Monument cost $2,000 or more a month.

Monument against El Paso County, its state and the nation

Estimate (90% margin of error)
	Monument	El Paso County	Colorado	United States
Median gross rent	$1,929 (±$229)	$1,696 (±$20)	$1,761 (±$7)	$1,413
Rented homes paying rent	992 (±216)	95,392 (±1,917)	776,071 (±6,486)	42,849,984

In Monument, median gross rent is higher than in El Paso County ($1,696).

It is not measurably different from Colorado ($1,761).

It is higher than the national figure ($1,413).

In El Paso County, Monument ranks 5 of 16 places with a published estimate, from highest to lowest median gross rent.

Statewide, it ranks 68 of 297.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

How rent in Monument has changed since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
	2015–2019	2020–2024	Amount of change	Verdict
Median gross rent	$1,586 (±$236)	$1,929 (±$229)	+21.6%	No measurable change after inflation
Households that rent	23.2% (±5.3 points)	23.9% (±5.0 points)	+0.7 percentage points	Not a measurable change
Rental vacancy rate	10.5% (±11.7 points)	5.6% (±8.3 points)	−4.9 percentage points	Not a measurable change

The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.

Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.

The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.

Median gross rent in places near Monument

Nearest places with a published estimate, compared with Monument
Place	Distance	Median gross rent	Compared with this place
Monument	—	$1,929 (±$229)	—
Woodmoor	2.1 mi	$2,276 (±$120)	Higher
Gleneagle	2.6 mi	$2,099 (±$213)	Not measurably different
Palmer Lake	4.5 mi	$1,911 (±$802)	Not measurably different
Air Force Academy	5.6 mi	$2,264 (±$43)	Higher
Cascade-Chipita Park	12 mi	$1,416 (±$145)	Lower
Woodland Park	13 mi	$2,007 (±$188)	Not measurably different
Green Mountain Falls	13 mi	$1,699 (±$118)	Not measurably different
Colorado Springs	15 mi	$1,648 (±$23)	Lower

Nearby places with a measurably lower figure: Cascade-Chipita Park, CO ($1,416), Colorado Springs, CO ($1,648).

Nearby places with a measurably higher figure: Woodmoor, CO ($2,276), Air Force Academy, CO ($2,264).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Median gross rent across El Paso County, place by place

Rank	Place	Median gross rent
1	Woodmoor	$2,276 (±$120)
2	Air Force Academy	$2,264 (±$43)
3	Fort Carson	$2,180 (±$43)
4	Gleneagle	$2,099 (±$213)
5	Monument	$1,929 (±$229)
6	Palmer Lake	$1,911 (±$802)
7	Security-Widefield	$1,793 (±$135)
8	Fountain	$1,745 (±$155)
9	Green Mountain Falls	$1,699 (±$118)
10	Cimarron Hills	$1,664 (±$100)
11	Colorado Springs	$1,648 (±$23)

Showing 11 of 16 places in El Paso County, ranked from highest to lowest.

Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.

Margins of error are at the 90% confidence level.

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Questions about Monument

What is the average rent in Monument, CO?

The Census Bureau publishes the median rather than the average: the median gross rent in Monument is $1,929 (±$229) a month (2020–2024 American Community Survey), so half of renting households pay less and half pay more.

How much has rent gone up in Monument?

In Monument, the median gross rent went from $1,586 in 2015–2019 to $1,929 in 2020–2024 (+21.6%).

Prices (CPI-U) rose 22.7% over the same years; the change is not measurably different from the rise in prices.

How many rentals in Monument cost more than $2,000 a month?

46.1% of rented homes in Monument have a gross rent of $2,000 or more a month, and 11.5% cost less than $500.

Is rent in Monument higher than in El Paso County?

In Monument, median gross rent is higher than in El Paso County ($1,696).

It is not measurably different from Colorado ($1,761).

It is higher than the national figure ($1,413).

Is this the rent for an apartment listed today?

No: these are rents households reported paying across 2020–2024, not asking rents for vacant homes, which usually run higher.

Sources

To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Monument town, Colorado (place:51800, in state:08).

Each estimate (E or PE) has a margin of error beside it (M or PM).

The 2015–2019 figures are B25064_001E, B25064_001M, DP04_0047PE, DP04_0047PM, DP04_0005E, DP04_0005M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP04_0134E, DP04_0134M, DP04_0126E, DP04_0126M, DP04_0127PE, DP04_0127PM, DP04_0128PE, DP04_0128PM, DP04_0129PE, DP04_0129PM, DP04_0130PE, DP04_0130PM, DP04_0131PE, DP04_0131PM, DP04_0132PE, DP04_0132PM, DP04_0133PE, DP04_0133PM

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.