Rent in Phillips County, CO at a glance
2-bedroom rent (HUD)
$1,054$12,648 a year · HUD fiscal year 2026From October 1, 2026: $1,137 (+7.9%)How much rent can you afford in Phillips County, CO?
HUD’s fair market rent for each size, against what a typical household here earns. Change the income to see yours.
Rent in Phillips County, CO by bedroom, and the pay it takes
Income needed keeps rent at 30% of gross pay; the hourly figure assumes one full-time job, 2,080 hours a year.
| Size | A month | A year | Income needed | Hourly wage needed |
|---|---|---|---|---|
| Studio | $798 | $9,576 | $31,920 | $15.35/hr |
| 1 bedroom | $803 | $9,636 | $32,120 | $15.44/hr |
| 2 bedroomsMost searched | $1,054 | $12,648 | $42,160 | $20.27/hr |
| 3 bedrooms | $1,345 | $16,140 | $53,800 | $25.87/hr |
| 4 bedrooms | $1,652 | $19,824 | $66,080 | $31.77/hr |
Cost of living in Phillips County, CO: income, prices and a budget →
Living and working in Phillips County, CO
Rent in Phillips County, CO: common questions
How much is rent going up in Phillips County, CO in 2027?
HUD's Fair Market Rent for fiscal 2027, which takes effect October 1, 2026, is $1,137 for a two-bedroom, up 7.9% from $1,054. A one-bedroom goes from $803 to $875, a studio from $798 to $845.
These are HUD's estimates of what a typical recently rented unit costs, used for housing vouchers. A landlord's increase on your lease follows your lease and your state's rules, not this figure.
What is the average rent in Phillips County, CO?
HUD's Fair Market Rent for 2026 is $803 for a one-bedroom and $1,054 for a two-bedroom, utilities included. That is $12,648 a year for the two-bedroom.
It is not an average of current listings. HUD sets it at the rent 40% of recent movers paid or less for a standard unit, so asking rents on newer places usually run higher.
How much do you need to make to afford rent in Phillips County, CO?
To keep a $1,054 two-bedroom at 30% of gross pay, one full-time worker needs $20.27 an hour, or $42,160 a year. A one-bedroom at $803 takes $15.44 an hour.
How much is a 1, 2 or 3-bedroom apartment in Phillips County, CO?
At HUD's 2026 Fair Market Rent: studio $798, one bedroom $803, two $1,054, three $1,345 and four $1,652 a month.
Is rent affordable in Phillips County, CO?
For the typical household, earning $64,674 a year ($5,390 a month, Census ACS), a two-bedroom at $1,054 takes 19.6% of income. Under 30% is the usual line for affordable; this is under it.
How is the income needed for rent worked out?
Rent for a year divided by 0.30, the share of gross income HUD treats as affordable: ($1,054 × 12) ÷ 0.30 = $42,160. Divided by 2,080 working hours, that is $20.27 an hour.