Average Rent in Pueblo, CO

Pueblo, CO has rental prices ranging from $879/month to $1,891/month in 2027, depending on unit size. The typical 1-bedroom apartment rents for $978/month — 30% below the national average of $1,400/month. With a median household income of $62,250/year, spending $978/month on a 1-bedroom represents 19% of gross income — within the recommended 30% threshold.

How Pueblo Compares

With an average 2-bedroom rent of $1,263/month, Pueblo ranks #34 most expensive of the 55 cities tracked in Colorado — pricier than 79% of all US cities in our data.

The Pueblo Rental Market

The Pueblo, CO area has a population of about 168,726 and 32% of households renting rather than owning. That is close to the US average renter share of ~34%.

Rent Trends

2-bedroom rents in Pueblo, CO have fallen by $6/month (0.5%) over the past year, from $1,269 to $1,263. Rents have remained relatively stable year over year, indicating a balanced rental market in the area.

Affordability

To afford a 1-bedroom apartment in Pueblo, CO without exceeding the 30% housing cost guideline, a renter needs an annual income of approximately $39,120. The local median household income of $62,250 exceeds that threshold by $23,130, making Pueblo relatively accessible compared to local wages.

Rent vs. Buy

The median home value in Pueblo, CO is $281,571, giving a price-to-rent ratio of 18.6. With a break-even horizon of approximately 19 years, renting is likely the more financially prudent option for most residents unless they plan to stay long-term.

Neighborhoods

Home values — and by extension rent levels — vary significantly across Pueblo's neighborhoods. Among the highest-value areas are Lower East Side ($135,107 median home value), Salt Creek ($141,730 median home value), East Side ($151,545 median home value). Rental prices typically follow home value patterns, with premium neighborhoods commanding higher rents than outer areas. Renters on a tighter budget may find better value in less central neighborhoods or in adjacent metros with lower overall rent levels.

Is Pueblo, CO Affordable?

Income needed to rent or buy, price history, and how this city compares to nearby metros.

Rent or Buy in Pueblo?

Break-even analysis and mortgage estimates based on local market data.

Living in Pueblo

Cost of living, job market, crime rates, and moving cost estimates.