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How to Get a Loan for a Rental Property
Rental property loans differ from traditional mortgages, needing larger down payments, higher interest rates, and reserves, often disregarding projected rental income.
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What to Know About
Life in Monument & Beyond
Monument shares many of the great qualities that make Colorado a desirable place to live.
Colorado boasts towering mountain peaks, expansive mesas, and tranquil hot springs making Colorado a beautiful backdrop for any visitor. Immerse yourself in the state's rich history and culture by visiting iconic landmarks like the Colorado History Museum and the Red Rocks Amphitheater. And for those seeking academic excellence, you have some of the most respected universities in the country, such as the University of Colorado Boulder, Colorado State University, and the University of Denver, making it an excellent place for education and research.
Sports fans rejoice as Colorado is home to professional teams, the Denver Broncos (NFL), the Colorado Avalanche (NHL), to Colorado Rockies (MLB), and Denver Nuggets (NBA). There is a team for everyone. For outdoor enthusiasts, the state offers a range of experiences, from world-class skiing and snowboarding to adrenaline-pumping mountain biking to peaceful fishing in high-altitude lakes. In addition, discover popular attractions like the Royal Gorge Bridge and Park, the Garden of the Gods, and the historic town of Telluride.
Embrace the Rocky Mountain State and discover why Colorado's breathtaking natural beauty, bustling cities, and endless excitement possibilities make it the perfect place to call home.
Rental Market Trends
Monument, CO
As of June 2026, Monument's rental market is highly competitive, where rentals lease within days, often attracting multiple applications and above-asking offers. Monument's average rent is 12.9% ($238) higher than the Colorado average of $1,841 and 15.7% ($282) higher than the U.S. average of $1,797.
Average Rent
$2,079
Monthly ChangeMonth Over Month Change
7.9% ($152)
Yearly ChangeYear Over Year Change
31.3% ($949)
Avg. Days on MarketAverage Days on Market
20
| Unit Type | Average Rent | Monthly ChangeMonth Over Month Change | Yearly ChangeYear Over Year Change |
|---|---|---|---|
| 1 Bed | $1,527 | 7.5% ($106) | 13.4% ($237) |
| 2 Beds | $1,919 | 5.2% ($94) | 15.2% ($343) |
| 3 Beds | $2,804 | 10% ($256) | 8.7% ($266) |
| Nearby Cities | Average Rent | Avg. Rent vs. MonumentAverage Rent vs. Monument | Avg. Days on MarketAverage Days on Market |
|---|---|---|---|
| Woodland Park | $2,208 | 6.2% ($129) | 40 days |
| Colorado Springs | $1,457 | 29.9% ($622) | 22 days |
| Peyton | $1,706 | 17.9% ($373) | 20 days |
| Manitou Springs | $1,280 | 38.4% ($799) | 23 days |
| Castle Rock | $2,405 | 15.7% ($326) | 19 days |
Rental market trends are calculated using listing data from RentalSource.
Frequently Asked Questions
Monument Rental Market FAQs
Explore rental prices, market trends, and availability in Monument, CO.
The average rent in Monument, CO is $2,079 per month.
Apartments in Monument typically rent for between $1,069 and $3,645 per month, with an average of $2,079 per month.
In Monument, the average rent for a 1-bedroom apartment is $1,527 per month, for a 2-bedroom apartment, $1,919 per month, and a 3-bedroom apartment is $2,804 per month.
The average rent in Monument is 15.7% ($282) higher than the national average of $1,797 per month.
The average rent in Monument has increased by 7.9% ($152) in the last month and decreased by 31.3% ($949) over the past year.
The rental market in Monument, CO, is currently highly competitive, where rentals lease within days, often attracting multiple applications and above-asking offers.
In Monument, CO, the average rental stays on the market for approximately 20 days. While most properties are rented within this timeframe, factors like seasonality, demand, and property type can affect how quickly a rental leases.
There are currently 14 rental properties available in Monument, CO.
Based on the current averages, a household would need an annual income of $76,760 to comfortably afford a 2-bedroom apartment in Monument.
