Rentometer, Inc. | Data as of 10/23/2025
Monument, nestled at the foothills of the Rocky Mountains in Colorado, blends small‑town charm with easy access to the greater Front Range. Its historic downtown, vibrant community events, and proximity to natural attractions such as Monument Valley Park and the nearby Pike National Forest make it a sought‑after location for professionals, families, and outdoor enthusiasts alike. The city’s strong employment base, excellent schools, and convenient commuter routes to Colorado Springs and Denver contribute to a resilient rental market that balances the appeal of suburban living with the energy of an urban hub.
The rental inventory in Monument offers a mix of single‑family homes and a growing collection of apartment communities. Prospective tenants can find modern one‑ and two‑bedroom units that typically rent within the $1500‑$1800 range, while spacious three‑bedroom apartments command rates around $2400. This variety caters to a broad spectrum of renters, from young adults seeking a starter home to growing families looking for extra space. The presence of both apartments and houses ensures flexibility for different lifestyle preferences, while quality finishes and updated amenities raise the overall standard of living in the area.
Neighborhoods such as the historic district around Main Street and the newer developments near the I‑25 corridor provide easy access to local shops, cafés, and parks. Residents also enjoy quick trips to nearby attractions like the Garden of the Gods and the historic town of Cripple Creek, making Monument an ideal blend of convenience and recreation. The city’s commitment to community growth and its scenic backdrop continue to attract renters seeking a vibrant yet welcoming Colorado lifestyle.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | 1 Bedroom | $1,517 | $1,516 | $1,425 - $1,650 | $1,464 - $1,574 |
| Apartment | 2 Bedroom | $1,824 | $1,781 | $1,559 - $2,170 | $1,700 - $1,995 |
| Apartment | 3 Bedroom | $2,429 | $2,349 | $2,148 - $2,870 | $2,315 - $2,870 |
In the current period, the average rent in Monument was
$1,517 for 1 Bedroom,
$1,824 for 2 Bedroom, and
$2,429 for 3 Bedroom.
Note: This analysis includes only bedroom types with sufficient data.
Data provided by Rentometer, Inc.