Average Rent in Morgan County, CO↓ Rents falling 6.2% YoY
HUD FY2025 · Official government data · Updated annually · Metro pop. 29,186
Market Overview
Morgan County, CO has rental prices ranging from $802/month to $1,878/month in 2025, depending on unit size. The typical 1-bedroom apartment rents for $891/month — 36% below the national average of $1,400/month. With a median household income of $75,407/year, spending $891/month on a 1-bedroom represents 14% of gross income — within the recommended 30% threshold.
How Morgan County Compares
With an average 2-bedroom rent of $1,169/month, Morgan County ranks #26 most expensive of the 55 cities tracked in Colorado — pricier than 80% of all US cities in our data.
The Morgan County Rental Market
The Morgan County, CO area has a population of about 29,186 and 35% of households renting rather than owning. That is close to the US average renter share of ~34%.
Rent Trends
2-bedroom rents in Morgan County, CO have fallen by $77/month (6.2%) over the past year, from $1,246 to $1,169. This slight decline is consistent with broader market corrections seen across US rental markets.
Affordability
To afford a 1-bedroom apartment in Morgan County, CO without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $35,640. The local median household income of $75,407 exceeds that threshold by $39,767, making Morgan County relatively accessible compared to local wages.
Economy & Jobs
Morgan County, CO has an unemployment rate of 4.4%, 0.5 percentage points above the national average of 3.9%. A higher unemployment rate can moderate rental demand over time, which may help keep rent growth in check compared to tighter job markets.
Fair Market Rents
HUD FY2025Is Morgan 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 | $1,639 | $1,789 | $2,140 | $2,794 | — |
| Colorado Springs | $1,219 | $1,472 | $1,778 | $2,491 | — |
| Fort Collins | $1,434 | $1,442 | $1,695 | $2,375 | — |
| Greeley | $1,107 | $1,203 | $1,528 | $2,141 | — |
| Boulder | $1,466 | $1,702 | $2,059 | $2,704 | — |
| Pueblo | $863 | $959 | $1,258 | $1,626 | — |
Rent or Buy in Morgan County?
Break-even analysis and mortgage estimates based on local market data.
Should I Rent or Buy?
Break-even analysis using real Morgan County data
Buying breaks even after 1 year — worth it if you stay 1+ years.
Living in Morgan 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 Morgan CountySalary needed to afford rent here
🗺️All Cities in COSee how Morgan County ranks statewide
⚖️Compare Morgan CountySide-by-side rent & cost of living with any city
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