Average Rent in Chaffee County, CO↑ Rents rising 19.7% YoY
HUD FY2027 · Official government data · Updated annually · Metro pop. 19,876
Market Overview
Chaffee County, CO has rental prices ranging from $1,304/month to $2,725/month in 2027, depending on unit size. The typical 1-bedroom apartment rents for $1,342/month — 4% below the national average of $1,400/month. With a median household income of $70,909/year, spending $1,342/month on a 1-bedroom represents 23% of gross income — within the recommended 30% threshold.
How Chaffee County Compares
With an average 2-bedroom rent of $1,755/month, Chaffee County ranks #11 most expensive of the 55 cities tracked in Colorado — pricier than 94% of all US cities in our data.
The Chaffee County Rental Market
The Chaffee County, CO area has a population of about 19,876 and 27% of households renting rather than owning. That renter share runs below the US average of ~34%, a more homeowner-heavy market where rental inventory can be limited.
Rent Trends
2-bedroom rents in Chaffee County, CO have risen by $289/month (19.7%) over the past year, from $1,466 to $1,755. This rate of increase is significant and reflects strong rental demand and limited housing supply in the local market.
Affordability
To afford a 1-bedroom apartment in Chaffee County, CO without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $53,680. The local median household income of $70,909 exceeds that threshold by $17,229, making Chaffee County relatively accessible compared to local wages.
Economy & Jobs
Chaffee County, CO has an unemployment rate of 3.4%, 0.5 percentage points below the national average of 3.9%. Strong employment conditions typically sustain rental demand, as workers relocate to the area and local residents maintain stable housing.
Fair Market Rents
HUD FY2027Is Chaffee County, CO Affordable?
Income needed to rent or buy, price history, and how this city compares to nearby metros.
Affordability Index(30% income rule)
Nearby Cities in COlargest metros in the state
| City | Studio | 1BR | 2BR | 3BR | Home Value |
|---|---|---|---|---|---|
| Denver | $1,751 | $1,831 | $2,169 | $2,846 | — |
| Colorado Springs | $1,129 | $1,380 | $1,621 | $2,245 | — |
| Fort Collins | $1,551 | $1,589 | $1,759 | $2,379 | — |
| Greeley | $1,240 | $1,307 | $1,647 | $2,281 | — |
| Boulder | $1,520 | $1,735 | $2,033 | $2,703 | — |
| Pueblo | $879 | $978 | $1,263 | $1,611 | — |
Rent or Buy in Chaffee County?
Break-even analysis and mortgage estimates based on local market data.
Should I Rent or Buy?
Break-even analysis using real Chaffee County data
Buying breaks even after 1 year — worth it if you stay 1+ years.
Living in Chaffee County
Cost of living, job market, crime rates, and moving cost estimates.
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Frequently Asked Questions
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💵Rent Affordability in Chaffee CountySalary needed to afford rent here
🗺️All Cities in COSee how Chaffee County ranks statewide
⚖️Compare Chaffee CountySide-by-side rent & cost of living with any city
📋CO Tenant RightsDeposit limits, eviction laws & renters protections