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Homes & Apartments for Rent in Palmer Lake, CO

Showing 4 rentals in Palmer Lake, then 16 more within 25 miles, nearest first.
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What to Know About

Life in Palmer Lake & Beyond

Palmer Lake 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

Palmer Lake, CO

As of October 2026, Palmer Lake's rental market is stable, with rentals spending about 35 days on the market, about the same as in Colorado (35), and rents about flat over the past year. Palmer Lake's average rent is 1.7% ($32) lower than the Colorado average of $1,936 and 8.5% ($178) lower than the U.S. average of $2,082.

Average Rent
$1,904
Monthly ChangeMonth Over Month Change
Increased0.07% ($1)
Yearly ChangeYear Over Year Change
Increased0.3% ($5)
Days on Market
35
Unit Type Average Rent Monthly ChangeMonth Over Month Change Yearly ChangeYear Over Year Change
1 Bed $1,487 Increased0.02% Decreased1.4% ($22)
2 Beds $1,811 Increased0.19% ($3) Increased2.0% ($36)
3 Beds $2,219 Decreased0.32% ($7) Increased0.1% ($3)
Nearby Cities Average Rent Avg. Rent vs. Palmer LakeAverage Rent vs. Palmer Lake Days on Market
Monument $2,381 Increased25.1% ($477) 32 days
Green Mountain Falls $1,796 Decreased5.7% ($108) 33 days
Woodland Park $2,017 Increased5.9% ($113) 33 days
Castle Rock $2,505 Increased31.6% ($601) 32 days
Divide $1,864 Decreased2.1% ($40) 34 days
Based on rentals advertised on RentalSource in and around Palmer Lake.
Frequently Asked Questions
Palmer Lake Rental Market FAQs

Explore rental prices, market conditions, and affordability in Palmer Lake, CO.

The average rent in Palmer Lake, CO is about $1,904 per month.
In Palmer Lake, the average rent is about $1,487 per month for a 1-bedroom home, about $1,811 for a 2-bedroom home and about $2,219 for a 3-bedroom home.
The average rent in Palmer Lake is 8.5% ($178) lower than the national average of $2,082 per month.
The rental market in Palmer Lake, CO is currently stable, with rentals spending about 35 days on the market, about the same as in Colorado (35), and rents about flat over the past year.
Based on the current averages, a household would need an annual income of about $72,400 to comfortably afford a 2-bedroom home in Palmer Lake.
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