How Much Does It Cost to Live in Centennial, CO?
Understanding the cost of living is one of the most important steps when choosing where to rent. In Centennial, Colorado, rental prices can vary depending on apartment size, location, and amenities, but overall, the market remains competitive due to its proximity to the Denver Tech Center and surrounding employment hubs.
For renters researching apartments near Centennial CO, having a general idea of monthly housing costs can make the search process more efficient.
Average Rent in Centennial
As of early 2026, the average rent in Centennial is approximately $2,063 per month across all unit sizes, according to recent rental market data.
Rental prices have seen modest increases over the past year, reflecting continued demand for housing in suburban communities near Denver.
Looking at individual unit types provides a clearer picture of what renters can expect to pay:
- 1-bedroom apartments: around $1,800–$1,841/month
- 2-bedroom apartments: around $2,250–$2,299/month
These averages may fluctuate based on building age, renovation status, and included amenities.
Choosing updated apartments in Centennial can sometimes influence pricing, as renovated interiors and modern features may come at a slightly higher monthly rate.
1BR vs 2BR Pricing Locally
Deciding between a one-bedroom and a two-bedroom apartment often comes down to both budget and lifestyle needs. A one bedroom apartment for rent Centennial typically offers a more affordable entry point for individuals or couples who prefer a streamlined living space.
On the other hand, two-bedroom units provide added flexibility. Renters working remotely or sharing space may benefit from the ability to use an extra room as a home office, guest room, or storage area. While monthly costs for two-bedroom apartments are generally higher, the additional square footage can support changing work or household needs.
It’s also important to factor in other housing-related expenses when budgeting. Utilities, parking fees, pet deposits, and renters’ insurance can all contribute to total monthly costs beyond base rent.
Ultimately, the cost of living in Centennial depends on your preferred floor plan and the amenities you prioritize. By comparing one- and two-bedroom pricing, renters can identify an option that aligns with both their financial goals and daily routines.
Planning ahead and researching current rent trends can help you make a more informed decision when selecting your next apartment in Centennial.
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