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Rental Market Trends in Centennial, CO

What is the average rent in Centennial, CO?

$1,793/month

Average Rent

754 Sq Ft

Average Apartment Size

-1.8%

Decrease in the Last Year

As of October 2025, the average rent in Centennial, CO is $1,793 per month. For comparison, the national average rent price in the US is currently $1,630/month, which means Centennial rent prices are 10% higher than the national average. When you rent an apartment in Centennial, you can expect to pay about $1,636 per month for a studio, $1,793 for a one-bedroom apartment, and around $2,304 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $3,042 or more.

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$1,636/month
580 Sq Ft
One Bedroom
$1,793/month
754 Sq Ft
Two Bedroom
$2,304/month
1,096 Sq Ft
Three Bedroom
$3,042/month
1,553 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
One Bedroom
$1,110/month
380 Sq Ft
Two Bedroom
$2,073/month
1,711 Sq Ft
Three Bedroom
$2,739/month
1,729 Sq Ft
Four Bedroom
$3,473/month
2,757 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
One Bedroom
$1,865/month
758 Sq Ft
Two Bedroom
$2,251/month
1,106 Sq Ft
Three Bedroom
$2,634/month
1,465 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Two Bedroom
$2,262/month
1,309 Sq Ft
Three Bedroom
$2,895/month
1,823 Sq Ft

How much has average rent changed in Centennial, CO?

In the past year, rent has decreased by 1.8%, which averages out to $32 less per month.

Market Trends Over Time   The chart below compares average rent prices to the previous year during the same time period.
Last Updated October 2025
Legend
2024 2025
Market Trends Over Time
Rent Ranges in Centennial, CO
Last Updated October 2025
$1,501 - $2,000
Most rental prices fall within this range
Rent Ranges in Centennial, CO
Percentage*
Rent Range
0% Below $700/month
0% $700 - $1,000/month
4% $1,001 - $1,500/month
56% $1,501 - $2,000/month
41% Above $2,000/month

Rent by Neighborhood

Last Updated Today
  • Most Affordable
  • Most Expensive
  • Most Available

What are the most affordable neighborhoods in Centennial?

Based on current rent prices, Liberty Hill, The Highlands and Willow Creek are the most affordable neighborhoods in Centennial.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Liberty Hill
$1,668/month
723 Sq Ft
The Highlands
$1,849/month
724 Sq Ft
Willow Creek
$1,874/month
755 Sq Ft
Heritage Place
$1,919/month
797 Sq Ft
West Centennial
$1,931/month
769 Sq Ft

What are the most expensive neighborhoods in Centennial?

Based on current rent prices, West Centennial, Heritage Place and Willow Creek are the most expensive neighborhoods in Centennial.

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
West Centennial
$1,931/month
769 Sq Ft
Heritage Place
$1,919/month
797 Sq Ft
Willow Creek
$1,874/month
755 Sq Ft
The Highlands
$1,849/month
724 Sq Ft
Liberty Hill
$1,668/month
723 Sq Ft

Which Centennial neighborhoods have the most rentals available?

The neighborhoods in Centennial with the most apartments available are Willow Creek, West Centennial and The Highlands .

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Willow Creek
$1,874/month
755 Sq Ft
West Centennial
$1,931/month
769 Sq Ft
The Highlands
$1,849/month
724 Sq Ft
Liberty Hill
$1,668/month
723 Sq Ft
Heritage Place
$1,919/month
797 Sq Ft
This information is based on data collected by CoStar Group researchers.†

What salary do I need to live comfortably in Centennial, CO?

Because the average rent in Centennial is $1,793, you’ll want to make about $5,976 per month or $71,712 per year. The general guideline is to pay no more than 30 percent of your monthly income on rent. However, you’ll want to consider additional factors, such as your monthly bills and other expenses. Use our rent affordability calculator to help determine how much to budget for rent.

City

Centennial, CO

2,387 Available Apartments for Rent

Search for Nearby Apartments

How does Centennial, CO compare to other nearby cities and neighborhoods?

Use the tool below to compare Centennial, CO to other nearby cities and neighborhoods. The Apartments.com neighborhood guides provide you with insight into the area’s transportation, things to do, and more.

Explore the Area Guide for Centennial, CO

Apartment Averages

Liberty Hill

Centennial, CO

West Centennial

Centennial, CO

Studio
-
$1,503/month
One Bedroom
-
$1,635/month
Two Bedroom
-
$2,282/month
Three Bedroom
-
$2,985/month
Search
Search

Nearby City Rent Trends

  • Greenwood Village Average Rent
  • Lone Tree Average Rent

Apartment communities in Centennial we think you'll love

IMT Cornerstar Ranch

IMT Cornerstar Ranch

16363 E Fremont Ave,
Aurora, CO 80016

$1,555 - $2,090

1-3 Beds

Atlas Peakview

Atlas Peakview

7800 E Peakview Ave,
Centennial, CO 80111

$1,695 - $4,275

Studio - 3 Beds

Elevate - Denver

Elevate - Denver

7338 S Havana St,
Centennial, CO 80112

$1,600 - $2,650

1-3 Beds

Alta Piney Creek

Alta Piney Creek

7400 S Addison Ct,
Aurora, CO 80016

$1,499 - $2,829

Studio - 3 Beds

Property Management Companies in Centennial, CO

Greystar
Greystar
  • 3,437

    Communities

  • 948,731

    Units

  • 872

    Cities

17 Communities in Centennial
Avenue5 Residential
Avenue5 Residential
  • 521

    Communities

  • 116,033

    Units

  • 209

    Cities

3 Communities in Centennial
Holland Partner Group
Holland Partner Group
  • 65

    Communities

  • 19,071

    Units

  • 25

    Cities

3 Communities in Centennial
AMC
AMC
  • 675

    Communities

  • 132,899

    Units

  • 264

    Cities

2 Communities in Centennial
Bell Partners
Bell Partners
  • 216

    Communities

  • 70,034

    Units

  • 113

    Cities

2 Communities in Centennial
Blackstone
Blackstone
  • 145

    Communities

  • 46,082

    Units

  • 98

    Cities

2 Communities in Centennial
Cirrus Asset Management, Inc.
Cirrus Asset Management, Inc.
  • 92

    Communities

  • 11,086

    Units

  • 52

    Cities

2 Communities in Centennial
AMLI Residential
AMLI Residential
  • 59

    Communities

  • 20,908

    Units

  • 31

    Cities

2 Communities in Centennial

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United States Colorado Centennial Rental Trends

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 September 2025.

* Percentages may not total 100 due to rounding.

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Equal Housing Opportunity