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Studio Apartment for Rent in Aspen, CO

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    $7,500

    Total Monthly Price

    • Studio
    • 1 Bath
    • Condo for Rent

    700 S Monarch St Unit 207, Aspen, CO 81611

    Refreshed Top-Floor Studio with Ski-In Access & Downtown Convenience. Four minutes to the Gondola, two blocks to downtown - this top-floor studio puts you at the heart of Aspen. A freshly updated unit in a prime location offers the perfect Aspen landing for all your mountain adventures! Featuring ski-in access, Red Mountain views, new flooring, fresh paint, an updated bathroom, and a new range,

    700 S Monarch St Unit 207, Aspen, CO 81611

Why Live in Aspen

Aspen, CO, is renowned for its world-class ski resorts and breathtaking mountain views. The city is surrounded by golden aspen trees, blue spruces, and towering mountains, creating a picturesque setting for midcentury modern and chalet-style homes with floor-to-ceiling windows and wooden exteriors. Aspen's real estate market is one of the most desirable in the U.S., with home sizes averaging 3,300 square feet and prices significantly higher in the downtown area due to proximity to retail, dining, and ski lifts. The Aspen Ski Resort spans four mountains, offering diverse trails and activities year-round, from challenging winter ski runs to summer hiking paths with panoramic views. Notable attractions include the John Denver Sanctuary, Maroon Bells, and the world's longest single-stage gondola ride. Aspen's downtown district boasts high-end restaurants, designer boutiques, and cultural venues like the Belly Up Aspen and Wheeler Opera House. Aspen Middle School and Aspen High School are highly rated, with specialized programs in STEAM and advanced academics. The city is bike-friendly, featuring the WE-CYCLE bike-sharing program, and offers free shuttles through the Roaring Fork Transportation Authority. Aspen/Pitkin County Airport, located about 4 miles north, provides domestic flights to major cities.

Frequently Asked Questions

How much does it cost to rent a home in Aspen, CO?
The median rent for a home in Aspen, CO is $35,000 per month, though prices vary by neighborhood, size, and property type. As of July 2026, condos tend to be the most affordable option while townhouses and single-family homes are currently more expensive.
How much do you need to make to afford rent in Aspen, CO?
To comfortably afford the median rent in Aspen, CO, a household needs to earn roughly $1,400,000 per year. This is based on the common guideline that households should spend no more than 30% of gross income on housing. Most landlords require monthly household income of at least 3x the monthly rent, and with a median rent of $35,000 per month in Aspen, CO, renters typically need to show $105,000 per month in gross income to qualify. Actual affordability will vary depending on household debts, other living expenses, and overall budget.
Is it more affordable to rent or buy in Aspen, CO?
In Aspen, CO, the price-to-rent ratio is 4.2, which generally favors renting. This ratio divides the median home price by the annual median rent: below 15 typically favors buying, 15 to 20 is balanced, and above 20 typically favors renting. Your finances, how long you plan to stay, and costs like mortgage rates, taxes, and maintenance all factor into the decision.

Rental Home Trends

Number of Homes for Rent
1
Median Rent
$35,000
Median Single Family Home Rent
$75,000
Median Townhouse Rent
$47,500
Median Condo Rent
$20,000
How to Rent a Home