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Monument, CO

Area Guide

Avg Rent

$1,568

Population

8,013

Renter Mix

23% Rent

A thriving community with Denver, Colorado Springs, and the Front Range at your fingertips

Suburb Commuter Scenic

Perched at the base of the Rampart Range, Monument sits squarely between two of Colorado's largest cities, with Colorado Springs about twenty miles to the south and Denver roughly fifty miles north. That positioning shapes everything about life here. Residents enjoy the calm of a small mountain-edge town while keeping major employment centers, cultural institutions, and airports within easy reach. The U.S. Air Force Academy lies just south of town, giving Monument a strong connection to the military and aerospace community that defines much of the region's economy.

Monument is part of the Tri-Lakes area, alongside Palmer Lake and Woodmoor, and the three communities share a cohesive character rooted in natural surroundings and a slower pace. Pike National Forest borders the town to the west, lending the whole area a forested, outdoorsy feel even on a regular Tuesday. First settled as a railroad stop in 1872, Monument has grown substantially in recent decades, nearly doubling in population between 2010 and 2020.

The rental landscape here leans toward spacious living, with townhomes, single-family-style rentals, and apartment communities that reflect the area's residential character. High-rise towers are rare; instead, expect well-maintained communities with mountain views and room to breathe.

Demographics

Median Household Income

$119,380

Average: $146,774

Education

3,541

Residents Have a Degree

Job Market

4,150

Workers Employed

Age Distribution
Get a sense of this area's population profile.

Median Age

41 Years

Largest Age Group

10-19 Years

Approximately 16% of Residents

Under 20

26%

Over 65

16%

Housing Distribution

Monument has more homeowners than renters.

Renters
23%
Non-Renters
77%

Education Distribution

Review this city's overall education levels.

Bachelor's or Higher
39%
Other Education
61%

Rent Trends

As of June 2026, the average apartment rent in Monument, CO is $1,568 for one bedroom, $1,943 for two bedrooms, and $2,366 for three bedrooms. Apartment rent in Monument has decreased by -2.8% in the past year.

Property Type
Average Rent
Average Sq Ft
Apartment
$1,568/month
761 Sq Ft
House
$3,599/month
3,051 Sq Ft
See Rental Market Trends in Monument, CO

Getting Around

Somewhat Walkable

Walkability

30 / 100

Exceptionally Drivable

Drivability

90 / 100

Not Bikeable

Bikeability

10 / 100

Schools

Bear Creek Elementary School

Public

Grades PK-5

849 Students

Lewis-Palmer Elementary School

Public

Grades PK-5

399 Students

Prairie Winds Elementary School

Public

Grades PK-5

347 Students

Lewis-Palmer Middle School

Public

Grades 6-8

781 Students

Lewis-Palmer High School

Public

Grades 9-12

1,181 Students

Palmer Ridge High School

Public

Grades 9-12

1,094 Students

Points of Interest

Parks and Recreation

  • New Santa Fe Regional Trail
  • Fox Run Regional Park
  • Palmer Lake Regional Recreation Area
  • Black Forest Regional Park

Airports

  • City of Colorado Springs Municipal

Top Apartments in Monument

Houses for Rent in Monument

Living in Monument

History

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Monument's historical roots trace back to 1872 when it began as a stop along the Rio Grande Railroad. Originally incorporated as Henry's Station in 1879, the town later took the name Monument, marking its place at the base of the Rampart Range. The railroad brought early settlers and commerce to this high country landscape, establishing the foundation for the community that exists today.

The town's connection to the railroad era remains visible in its historic downtown area. Monument's location along the Front Range has long made it a natural waypoint between major Colorado cities, a role it continues to serve for residents today. The nearby presence of the U.S. Air Force Academy, established in the mid-20th century just south of town, has also shaped Monument's more recent development and contributed to its growth as a residential community.

Transportation

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Monument is a car-dependent town situated along the Front Range between Colorado Springs and Denver, with Interstate 25 serving as the primary artery for both local commutes and regional travel. Most residents drive to reach everyday destinations, as public transit options are limited. Bustang bus service offer some connections along the I-25 corridor. Colorado Springs Airport sits roughly 20 miles south, while Denver International Airport is about 80 miles north. Sidewalks and multi-use trails run through several neighborhoods, and the Santa Fe Regional Trail provides a scenic off-road route for walkers and cyclists.

Parks

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Outdoor enthusiasts will find plenty to explore around Monument. Monument Lake is a beloved local gathering spot offering fishing, walking paths, and scenic views of the surrounding landscape. The Santa Fe Regional Trail runs through town, providing miles of paved and natural-surface trail ideal for walking, running, and cycling. Just a short drive away, the Tri-Lakes region offers additional waterfront recreation, while Pike National Forest and the iconic Garden of the Gods are within easy reach, delivering stunning red rock formations, hiking, and world-class natural scenery within 30 minutes of town.

Highlights

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Nestled at the foot of the Rocky Mountains along the Palmer Divide, Monument, CO offers stunning mountain views, easy access to outdoor recreation, and a small-town charm with proximity to both Colorado Springs and Denver. The area is home to scenic trails, open spaces, and the picturesque Monument Lake, while its location along I-25 makes commuting to major employment centers a breeze.

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Methodology

† Our analysis of utilities, groceries, transportation, healthcare, home prices, and other goods and services is sourced from the Cost of Living Index, a respected benchmark published by the Council for Community and Economic Research (C2ER) that provides a thorough overview of living expenses across different regions.

Rent data is provided by CoStar Group’s Market Trend reports. As the industry leader in commercial real estate information, analytics, and news, CoStar conducts extensive research to produce and maintain a comprehensive database of commercial real estate information. We combine this data with public record to provide the most up-to-date rental information available.

Consumer goods, services, and home prices are sourced from the Cost of Living Index published by the Council for Community and Economic Research (C2ER). The data on this page is updated quarterly. It was last published in June 2026.

Demographic information comes from Neustar and combines detailed address data with U.S. Census and American Community Survey statistics to produce reliable local estimates.