$3,500
Total Monthly Price
- 6 Beds
- 3.5 Baths
- 2,750 Sq Ft
- Condo for Rent
277 Glenway St, Palmer Lake, CO 80133
Frequently Asked Questions
How much does it cost to rent a home in Palmer Lake, CO?
The median rent for a home in Palmer Lake, CO is $2,100 per month, though prices vary by neighborhood, size, and property type. As of July 2026, condos tend to be the most affordable option while single-family homes are currently more expensive.
How much do you need to make to afford rent in Palmer Lake, CO?
To comfortably afford the median rent in Palmer Lake, CO, a household needs to earn roughly $84,000 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 $2,100 per month in Palmer Lake, CO, renters typically need to show $6,300 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 Palmer Lake, CO?
In Palmer Lake, CO, the price-to-rent ratio is 23.4, 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.
What neighborhoods in Palmer Lake, CO are best for renting a home?
The best neighborhood for renting in Palmer Lake, CO depends on your priorities: commute, walkability, budget, and lifestyle all play a role. Popular areas for renting a home include Wolf Ranch, The Meadows, Gleneagle, Northgate and Middle Creek, each with its own character and price range.
