10 Cheapest Place to Live in Colorado [2026 Update]

This article was originally published on March 9, 2023.

Colorado’s majestic mountain ranges, sprawling open spaces, and extensive hiking trails make it a paradise for those who love the outdoors. Whether it’s hiking, camping, mountain biking, or skiing, the Centennial State offers endless activities that both residents and visitors can enjoy year-round.

However, the cost of living in Colorado can be a bit daunting for those on a budget. On average, it runs about 4% above the national average, though utilities are roughly 8% lower. Fortunately, there are still affordable cities and towns in the state where you can enjoy a high quality of life without breaking the bank.

Lower home prices do not always mean lower total monthly living costs, so each factor still matters when you compare day-to-day expenses. Statewide housing supply remains tight, which can affect affordability even in lower-cost markets.

Let’s identify the cheapest place and other affordable cities in Colorado that still maintain good amenities, using up-to-date information on median home prices.

Colorado’s Most Affordable Places

1. Lamar

Median home price: $171,363 (Zillow, 2026)

Lamar, located in southeastern Colorado, is known for its rural charm and historical significance. With a median home price of $171,363, it’s one of the most budget-friendly places in the state. Lamar is perfect for those looking to escape the hustle and bustle, offering a peaceful environment and outdoor activities like bird watching at the nearby John Martin Reservoir.

2. Pueblo

Median home price: $291,725 (Zillow, July 2026)

With a median home price of $291,725, Pueblo is the most affordable of Colorado’s larger cities, which makes it a strong option for buyers who want lower prices without giving up big-city amenities. Located just 45 miles from Colorado Springs, Pueblo offers a blend of history and culture. Residents enjoy attractions like the Historic Arkansas Riverwalk and the Sangre de Cristo Arts Center. The city’s affordability, combined with its rich cultural offerings, makes it a top choice for budget-conscious homebuyers.

3. Brush

Median home price: $301,960 (Houzeo, 2026)

Brush regularly appears near the top of Colorado affordability rankings, and its small-town setting keeps day-to-day costs low. With its small-town charm, it offers affordable living in a friendly community where people take pride in the town. The median home price of $301,960 makes it a great choice for those looking for a quieter lifestyle while still having access to essential amenities. The town is also known for its agricultural roots and outdoor recreation opportunities, and it sits on Colorado’s eastern plains, where home prices often run below both state and national averages. Part of that affordability comes from lower housing demand and more available land than in high-demand metro or resort markets.

4. Canon City

Median home price: $337,683 (Houzeo, 2026)

Canon City, often called the “Gateway to the Royal Gorge,” is known for its stunning landscapes and outdoor recreation opportunities. The town has a median home price of $337,683, making it an affordable option for those who love the outdoors. From mountain biking to white-water rafting, Canon City offers a plethora of activities for adventure seekers.

5. Grand Junction

Median home price: $375,614 (Zillow, 2026)

Located near the Utah border, Grand Junction is a hub for outdoor activities, from hiking and biking to skiing and rafting. With a median home price of $375,614, it’s a bit pricier than other options but still offers great value for those who prioritize outdoor living. The city is known for its wine country and scenic views, making it a top destination for nature lovers.

6. Fountain

Median home price: $388,001 (Zillow, 2026)

Fountain is another affordable city located just south of Colorado Springs. With a median home price of $388,001, it offers a suburban feel with easy access to the amenities of Colorado Springs. Fountain is known for its community events, excellent schools, and proximity to outdoor activities like fishing and hiking.

7. Greeley

Median home price: $419,680 (Zillow, January 2026)

Greeley, situated about 35 miles from Fort Collins, offers a mix of urban and rural living. With a median home price of $419,680, it’s more affordable than many other cities in Colorado. Greeley’s median home prices and rent are tens of thousands of dollars below the statewide average. Residents of Greeley enjoy amenities like the Island Grove Regional Park and the Colorado Model Railroad Museum, making that price point especially appealing for family households and young professionals alike.

8. Fruita

Median home price: $434,298 (Zillow, 2026)

Fruita, a town just outside of Grand Junction, is gaining popularity as a mountain biking mecca. With a median home price of $434,298, Fruita is an affordable option for those who want to be close to the outdoors without paying the higher prices found in larger cities. The town’s outdoor scene and growing community make it a desirable place to call home.

9. Colorado Springs

Median home price: $450,254 (Zillow, June 2026)

Colorado Springs, the second-largest city in Colorado, combines affordability with a high quality of life. The median home price of $450,254 makes it more affordable than Denver while still offering the amenities of a large city. Colorado Springs is home to iconic attractions like Pikes Peak and the Garden of the Gods, making it a great place for families and outdoor enthusiasts.

10. Aurora

Median home price: $462,424 (Zillow, June 2026)

Aurora, located just outside Denver, is the most affordable city in the Denver metro area. With a median home price of $462,424, it offers a balance of affordability and urban living. That relative value makes sense because lower-cost cities in Colorado are often farther from the state’s highest-demand tech and mountain resort hubs. Aurora is known for its diverse community, extensive shopping and dining options, and proximity to outdoor activities like fishing and boating at Aurora Reservoir. It also gives buyers more accessible home listings while keeping them close to metro jobs and services. Many cheaper Colorado markets trade some convenience for fewer large employers or less public transportation, which is less of a concern in Aurora.

Conclusion

Southern Plains communities often make the strongest choice for budget-focused movers because overall lifestyle costs there are usually lower than along the Front Range. Whether your clients are young professionals, families, or retirees, these affordable cities in Colorado provide excellent options for those looking to enjoy the state’s natural beauty without the high costs. With up-to-date information on median home prices and a variety of community features, you can help your clients find most affordable places to live in Colorado in 2026.

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