Department of Numbers

Arapahoe County Colorado Residential Rent and Rental Statistics

The median monthly gross residential rent in Arapahoe County CO was $1,387 in 2017 according to the Census ACS survey.1 Average gross rent in Arapahoe County was $1,411 in 2017. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2018 Arapahoe County median and average rent data will be released in September of 2019.

Data is also available below for Arapahoe County rental vacancy rates, Arapahoe County rent as a percent of median income and the fraction of renters in Arapahoe County.

Show dollars as: Nominal Real

Real Gross Rent in Arapahoe County Colorado (2017 dollars)2

2017 1 Year Change 3 Year Change
US Median Gross Rent $1,012 +1.61% +5.86%
Colorado Median Gross Rent $1,240 +4.29% +18.77%
Arapahoe County CO Median Gross Rent $1,387 +3.97% +23.29%

Arapahoe County CO Real Gross Rent Trends

At $1,387, real median gross rent in Arapahoe County was at its highest level in 2017 since the series began in 2005. At $1,411, real average gross rent in Arapahoe County was at its highest level in 2017 since the series began in 2005.

Real Gross Rent: Arapahoe County CO Median, Arapahoe County CO Average, Colorado Median, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Arapahoe County

Date US
Median
Colorado
Median
Arapahoe County CO
Median
Arapahoe County CO
Average
2017 $1,012 $1,240 $1,387 $1,411
2016 $996 $1,189 $1,334 $1,336
2015 $987 $1,143 $1,219 $1,271
2014 $956 $1,044 $1,125 $1,145
2013 $924 $992 $1,080 $1,095
2012 $912 $964 $1,029 $1,097
2011 $912 $943 $982 $1,058
2010 $927 $935 $958 $1,025
2009 $931 $941 $961 $1,019
2008 $947 $974 $1,007 $1,059
2007 $899 $898 $934 $1,015
2006 $909 $929 $957 $1,040

Arapahoe County Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2017 the rental vacancy rate for Arapahoe County Colorado was 4.50% according to Census ACS data.

Rental Vacancy Rate in Arapahoe County Colorado

2017 1 Year Change 3 Year Change
US 6.18% +0.29% -0.14%
Colorado 5.18% +0.89% +0.33%
Arapahoe County CO 4.50% -0.15% +0.02%

Trends in Arapahoe County CO Rental Vacancy Rate

The rental vacancy rate in Arapahoe County peaked in 2009 at 9.70%. Since then it has fallen by 5.20% to 4.50%. Data records for this series originated in 2005. From a 2015 post peak low of 3.02%, the rental vacancy rate has increased by 1.48%.

Rental Vacancy Rate: Arapahoe County CO, Colorado, US

Rental vacancy rate in Colorado

Historical Rental Vacancy Rate data for Arapahoe County

Date US Colorado Arapahoe County CO
2017 6.18% 5.18% 4.50%
2016 5.89% 4.29% 4.65%
2015 5.85% 4.47% 3.02%
2014 6.32% 4.85% 4.48%
2013 6.49% 5.26% 3.28%
2012 6.77% 5.69% 5.51%
2011 7.40% 5.63% 5.59%
2010 8.17% 6.72% 7.72%
2009 8.43% 8.00% 9.70%
2008 7.86% 7.45% 8.16%
2007 7.87% 8.63% 8.30%
2006 7.70% 8.36% 5.98%

Rent as a Fraction of Income

Using median household income data for Arapahoe County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Arapahoe County, median monthly gross rent as a fraction of median household income was 22.09% in 2017 according to the ACS.

Arapahoe County Colorado Median Annual Rent as a Fraction of Median Household Income

2017 1 Year Change 3 Year Change
US 20.13% -0.30% -0.76%
Colorado 21.53% +0.14% +1.56%
Arapahoe County CO 22.09% -0.14% +1.90%

Trends in Arapahoe County CO Rent as a Fraction of Income

The fraction of median Arapahoe County household income required to pay median monthly gross rent peaked in 2016 (relative to the 2005 series origin) at 22.22%. Since then it has fallen by 0.14% to 22.09%.

Fraction of Income towards Rent: Arapahoe County CO, Colorado, US

Percent of median household income going towards median monthly gross rent in Arapahoe County Colorado

Historical Data for Annual Rent as a Fraction of Income in Arapahoe County Colorado

Date US Colorado Arapahoe County CO
2017 20.13% 21.53% 22.09%
2016 20.43% 21.39% 22.22%
2015 20.63% 20.86% 21.22%
2014 20.89% 19.97% 20.19%
2013 20.78% 19.81% 20.81%
2012 20.65% 19.74% 19.79%
2011 20.70% 19.50% 19.82%
2010 20.50% 19.16% 18.38%
2009 20.12% 18.42% 18.81%
2008 19.00% 17.85% 18.04%
2007 18.66% 17.13% 16.74%
2006 18.90% 17.99% 17.49%

Renter Fraction in Arapahoe County Colorado

You can calculate the renter fraction in Arapahoe County in at least two ways: by housing units or by population. I've gone with the housing units measure here. This measure looks at the number of renting households in Arapahoe County as a fraction of total Arapahoe County households. In 2017 36.34% of households were renters according to Census ACS data.

Arapahoe County Fraction of Renters by Household Units

2017 1 Year Change 3 Year Change
US 36.13% -0.75% -0.77%
Colorado 34.80% -0.44% -1.34%
Arapahoe County CO 36.34% -1.16% -1.05%

Trends in the Arapahoe County CO Renter Fraction

The Arapahoe County household renter fraction peaked in in 2012 at 39.81% and is now 3.47% below that level. The origin year for the series is 2005.

Fraction of Renting Households: Arapahoe County CO, Colorado, US

Fraction of renters in Arapahoe County

History of Arapahoe County Renter Fraction

Date US Colorado Arapahoe County CO
2017 36.13% 34.80% 36.34%
2016 36.88% 35.24% 37.50%
2015 36.97% 36.25% 37.56%
2014 36.90% 36.14% 37.39%
2013 36.50% 35.49% 38.47%
2012 36.09% 35.97% 39.81%
2011 35.42% 35.62% 37.51%
2010 34.65% 34.06% 35.67%
2009 34.13% 32.99% 34.15%
2008 33.36% 32.51% 32.04%
2007 32.80% 31.17% 32.98%
2006 32.73% 31.27% 32.29%

1. Gross rent is defined as contract rent plus the estimated average monthly cost of utilities (electricity, gas, water, and sewer) and fuel (oil, coal, kerosene, wood, etc.). Because some rentals include utilities and others don't, gross rent is a way of normalizing the variability.

2. Real dollars are calculated using the CPI-U less shelter series.

3. The rental vacancy rate is computed by dividing the number of vacant units for rent by the sum of the renter-occupied units, vacant units that are for rent, and vacant units that have been rented but not yet occupied.