Real Estate · Housing
The average vacancy rate for rental housing in Colorado Springs dropped almost a full percentage point in the first quarter of 2026, while average rents increased.
Q1 2026 Vacancy Rate
7.27% vs. 8.23% in Q4 2025
Q1 2026 Average Rent
$1,410 up from $1,395 in Q4 2025
The first quarter vacancy rate of 7.27% compares with 8.23% in the fourth quarter of 2025 and 7.19% in the first quarter of 2024, according to the Pikes Peak Housing Network‘s May 2026 newsletter.
Average rent stood at $1,410 in the first quarter, up from $1,395 in Q4 2025 but lower than the first quarter 2025 average of $1,460. In the past year, average rent peaked at $1,467 in Q4 2024.
Average Rent Trend
Q1 2024: $1,460 · Q4 2024: $1,467 (peak) · Q4 2025: $1,395 · Q1 2026: $1,410
The drop in vacancy shows that new rental properties are filling up and demand for rental housing remains strong, says Jill Gaebler, executive director of Pikes Peak Housing Network and author of the newsletter. “Because demand for rental housing is increasing, rental rates are beginning to rise,” the newsletter states.
Current Housing Market Data
Pikes Peak Housing Network Dashboard