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Rental Market Trends in Centennial, CO

What is the average rent in Centennial, CO?

$1,768/month

Average Rent

752 Sq Ft

Average Apartment Size

-4.6%

Decrease in the Last Year

As of March 2026, the average rent in Centennial, CO is $1,768 per month. For comparison, the national average rent price in the US is currently $1,627/month, which means Centennial rent prices are 9% higher than the national average. When you rent an apartment in Centennial, you can expect to pay about $1,617 per month for a studio, $1,768 for a one-bedroom apartment, and around $2,288 for a two-bedroom apartment. If you opt for a three-bedroom rental, you could pay $3,223 or more.

Floor Plan Type
Average Rent
Average Sq Ft
Studio
$1,617/month
575 Sq Ft
One Bedroom
$1,768/month
752 Sq Ft
Two Bedroom
$2,288/month
1,093 Sq Ft
Three Bedroom
$3,223/month
1,604 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
One Bedroom
$1,092/month
1,054 Sq Ft
Two Bedroom
$2,288/month
1,248 Sq Ft
Three Bedroom
$2,861/month
1,806 Sq Ft
Four Bedroom
$3,410/month
2,570 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
One Bedroom
$1,440/month
745 Sq Ft
Two Bedroom
$2,263/month
1,167 Sq Ft
Three Bedroom
$1,925/month
1,332 Sq Ft
Floor Plan Type
Average Rent
Average Sq Ft
Two Bedroom
$2,275/month
849 Sq Ft
Three Bedroom
$2,812/month
1,529 Sq Ft

How much has average rent changed in Centennial, CO?

In the past year, rent has decreased by 4.6%, which averages out to $81 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 March 2026
Legend
2025 2026
Market Trends Over Time
Rent Ranges in Centennial, CO
Last Updated March 2026
$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
$1,638/month
706 Sq Ft
The Highlands
$1,669/month
747 Sq Ft
Willow Creek
$1,845/month
760 Sq Ft
West Centennial
$1,864/month
792 Sq Ft

What are the most expensive neighborhoods in Centennial?

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

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
West Centennial
$1,864/month
792 Sq Ft
Willow Creek
$1,845/month
760 Sq Ft
The Highlands
$1,669/month
747 Sq Ft
Liberty Hill
$1,638/month
706 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 Liberty Hill .

Calculate Rent Affordability
Neighborhood
Average Rent
Average Sq Ft
Willow Creek
$1,845/month
760 Sq Ft
West Centennial
$1,864/month
792 Sq Ft
Liberty Hill
$1,638/month
706 Sq Ft
The Highlands
$1,669/month
747 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 $1,768, you’ll want to make about $5,893 per month or $70,716 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

2,225 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
-
$1,615/month
One Bedroom
-
$1,603/month
Two Bedroom
-
$2,242/month
Three Bedroom
-
$3,707/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

$1,683 - $2,473 Total Monthly Price

1-3 Beds

Atlas Peakview

Atlas Peakview

7800 E Peakview Ave,
Centennial, CO 80111

$1,472 - $3,752 Total Monthly Price

Studio - 3 Beds

Elevate - Denver

Elevate - Denver

7338 S Havana St,
Centennial, CO 80112

$1,450 - $2,600 Plus Fees

1-3 Beds

The Orchards at Cherry Creek Park

The Orchards at Cherry Creek Park

6000 S Fraser St,
Aurora, CO 80016

$1,399 - $2,200 Plus Fees

1-3 Beds

Property Management Companies in Centennial, CO

Greystar
Greystar
  • 3,485

    Communities

  • 958,447

    Units

  • 897

    Cities

18 Communities in Centennial
Willow Bridge
Willow Bridge
  • 716

    Communities

  • 199,014

    Units

  • 340

    Cities

3 Communities in Centennial
Avenue5 Residential
Avenue5 Residential
  • 554

    Communities

  • 124,135

    Units

  • 220

    Cities

3 Communities in Centennial
Holland Partner Group
Holland Partner Group
  • 63

    Communities

  • 18,579

    Units

  • 25

    Cities

3 Communities in Centennial
AMC
AMC
  • 624

    Communities

  • 125,068

    Units

  • 245

    Cities

2 Communities in Centennial
Bell Partners
Bell Partners
  • 209

    Communities

  • 67,041

    Units

  • 114

    Cities

2 Communities in Centennial
Blackstone
Blackstone
  • 173

    Communities

  • 54,639

    Units

  • 102

    Cities

2 Communities in Centennial
AMLI Residential
AMLI Residential
  • 59

    Communities

  • 20,970

    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 February 2026.

* Percentages may not total 100 due to rounding.

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Equal Housing Opportunity

© 2026 CoStar Group, Inc.

Equal Housing Opportunity