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Why is rent so outrageously high in Colorado Springs?

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Has your rent gone up? You're probably not the only one. Rent is rising in Colorado Spring at the fastest rate of any city in the nation. read more

According to the Furman Center, much of the growth of rental housing stock from 2006 to 2014 came from single-family homes, which often don’t meet the needs, or budgets, of renters, all while the growth of the rental population is outpacing the growth of rental units in major cities. read more

But the increase seems tiny compared to the run up in Colorado Springs, where rents are up 10.4 percent from last year, according to Apartment List. Colorado Springs rents jumped the most in the nation, with Seattle, up 8.4 percent, Reno, Nev., rising 8.3, and Vancouver, Wash., at 8.2 percent, not too far behind. read more

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