Centennial, CO Rental Market Trends
Last updated: February 20, 2026 | Source: RentCafe Market Analysis, Yardi Matrix, U.S. Census Bureau
Highlights
The average rent for an apartment in Centennial is $2,066, a 3.16% increase compared to the previous year, when the average rent was $2,002.
Studio Apartments at $1,691 offer the most budget-friendly option with 571 square feet, ideal for single renters prioritizing location over space.
One-bedroom apartments provide 755 square feet for $1,836, balancing privacy and affordability.
Two-beedroom units at $2,307 offer 1,089 square feet, perfect for roommates or small families.
Three-bedroom apartments deliver maximum space (1,286 sq ft) for $2,825, suitable for larger households.
Average rent in Centennial, CO
Last updated: February 20, 2026
| Average Rent | Average Apartment Size | |
|---|---|---|
| All Rentals | $2,066 | 907 sq. ft. |
| Studio | $1,691 | 571 sq. ft. |
| 1 Bed | $1,836 | 755 sq. ft. |
| 2 Beds | $2,307 | 1,089 sq. ft. |
| 3 Beds | $2,825 | 1,286 sq. ft. |
Centennial, CO rent trends
Rental prices in Centennial, CO have increased by 3.16% over the past year. The average rent moved from $2,002 to $2,066.
What's the typical rent budget in Centennial, CO?
The largest share of rentals in Centennial, CO (49%) fall between $1,501-$2,000 per month. This suggests that most people succesfully find suitable apartments within this price.
Do most people rent or own in Centennial, CO?
7,744 or 19% of the households in Centennial, CO are renter-occupied while 33,774 or 81% are owner-occupied.
Most affordable neighborhoods in Centennial?
Piney Creek Village $1,848/month
Willow Creek $2,109/month
Heritage Place $2,141/month
All of these neighborhoods fall below the city wide average of $2,066/month.Average Rent in Centennial, CO By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Heritage Place | $2,141 |
| Willow Creek | $2,109 |
| Piney Creek Village | $1,848 |
/
Centennial | Rent Comparison by Neighborhood
Rent in Heritage Place is 16% higher than in Piney Creek Village
$2,141
Heritage Place rent is 4% higher than Centennial average
Average Rent
$2,141
$1,848
Piney Creek Village rent is 11% lower than Centennial average
Average Rent
$1,848
How Centennial Compares to Other Cities
| City | Average Rent |
|---|---|
| Centennial | $2,066 |
| Denver | $1,889 |
| Colorado Springs | $1,491 |
| Aurora | $1,642 |
| Boulder | $2,441 |
| Lakewood | $1,800 |
| Fort Collins | $1,947 |
| Littleton | $2,013 |
| Englewood | $1,890 |
| Broomfield | $1,951 |
| Westminster | $1,813 |
| Castle Rock | $1,985 |
| Thornton | $1,794 |
| Parker | $2,025 |
| Arvada | $1,822 |
| Northglenn | $1,704 |
| Glendale, CO | $1,621 |
| Golden, CO | $2,181 |
| Wheat Ridge, CO | $1,680 |
| Brighton, CO | $1,888 |
| Commerce City | $1,823 |
Where this data comes from
The rental statistics on this page were compiled by RentCafe.com, a nationwide apartment search website trusted by millions of renters to find apartments and houses for rent throughout the U.S.
Rent prices, trends, and apartment sizes were calculated based on data from our sister company, Yardi Matrix, an apartment market intelligence solution that covers approximately 90% of the U.S. metro area population. The data includes comprehensive information on all Centennial apartment buildings with 50 or more units, totaling 23.5 million apartments across 181 U.S. markets.
Housing composition data was sourced from the U.S. Census Bureau, using the most recently available information by tenure.