Rentometer, Inc. | Data as of 12/04/2025
Centennial, Colorado, is a thriving suburban city just south of Denver, known for its well‑planned neighborhoods, expansive open‑space parks, and easy access to the Front Range metro area. Residents enjoy a blend of modern retail centers, such as the bustling Centennial Center, and natural attractions like the 300‑acre Clear Creek Trail, making the city appealing to professionals, families, and outdoor enthusiasts alike. Its convenient location near major highways and public transit links provides quick commutes to downtown Denver and surrounding employment hubs.
The rental market in Centennial offers a balanced mix of apartments and single‑family homes to suit a wide range of lifestyle needs. Studio apartments typically fall in the $1,700‑$1,800 range, while one‑bedroom units hover around $1,800‑$1,900. Two‑bedroom apartments generally rent in the $2,400‑$2,500 bracket, and larger three‑ and four‑plus‑bedroom units command $2,900‑$3,100 and $3,050‑$3,100 respectively. Single‑family homes provide a more spacious alternative, with one‑bedroom houses often found in the $1,500‑$1,600 range, two‑bedroom homes around $2,400‑$2,500, three‑bedroom residences near $3,000‑$3,020, and premium four‑plus‑bedroom homes ranging from $3,300‑$3,500. Neighborhoods such as Palmer Ridge, Columbine, and Deer Creek feature a strong inventory of both apartments and houses, reflecting the city’s diverse housing stock.
Beyond the numbers, Centennial’s rental community benefits from top‑rated schools, a vibrant arts scene, and an array of dining and shopping options. Residents can take advantage of nearby recreational facilities, bike paths, and community events that foster a welcoming, active lifestyle. Whether you’re seeking a compact studio near the transit hub or a spacious family home close to quality schools, Centennial’s rental market delivers flexible choices in a friendly, well‑connected environment.
| Property Type | Bedrooms | Average | Median | Min - Max | 25th - 75th |
|---|---|---|---|---|---|
| Apartment | Studio | $1,741 | $1,695 | $1,521 - $2,300 | $1,586 - $1,750 |
| Apartment | 1 Bedroom | $1,832 | $1,834 | $850 - $2,780 | $1,599 - $1,981 |
| Apartment | 2 Bedroom | $2,416 | $2,417 | $1,595 - $3,847 | $2,041 - $2,710 |
| Apartment | 3 Bedroom | $2,966 | $2,775 | $845 - $4,765 | $2,300 - $3,475 |
| Apartment | 4+ Bedroom | $3,053 | $2,985 | $2,950 - $3,295 | $2,950 - $3,295 |
| House | 1 Bedroom | $1,355 | $1,350 | $900 - $1,820 | $1,200 - $1,820 |
| House | 2 Bedroom | $2,465 | $2,400 | $1,500 - $3,950 | $2,100 - $2,600 |
| House | 3 Bedroom | $3,026 | $3,000 | $1,750 - $4,500 | $2,750 - $3,200 |
| House | 4+ Bedroom | $3,592 | $3,350 | $2,400 - $9,000 | $2,995 - $3,900 |
In the current period, the average rent in Centennial was $1,741 for Studio, $1,813 for 1 Bedroom, $2,421 for 2 Bedroom, $3,014 for 3 Bedroom, and $3,330 for 4+ Bedroom.
Data provided by Rentometer, Inc.