What's the actual difference between rekeying and replacing?
Rekeying changes the internal pins inside the lock cylinder so the old key no longer works. The hardware — the deadbolt, the door prep, the strike plate — stays exactly as it is. A locksmith removes the cylinder, swaps the pin stacks to match a new key cut, and reinstalls it. The whole process typically takes about 15 minutes per lock.
Replacing a lock means removing the entire deadbolt and installing new hardware. You get a new cylinder, new bolt mechanism, and a new key. It takes longer and costs more — but it's the right call when the existing hardware is the problem, not just who has a copy of the key.
When rekeying is the right call
Rekeying makes sense whenever the lock is mechanically sound and the only concern is key control. These are the most common scenarios in Fort Collins:
- Moving into a new home — you don't know how many keys the previous owner distributed. Rekeying is the fastest way to secure the property.
- Tenancy change — property managers in the CSU and Midtown areas rekey between nearly every tenant. It's cheaper than a full replacement and eliminates the key-control risk.
- Lost or stolen key — if a key goes missing and you don't know who found it, rekeying immediately closes that vulnerability.
- Consolidating keys — a locksmith can rekey multiple locks to a single key, useful if your home currently runs on three or four different keys.
In Fort Collins, rekeying runs $75–$120 per lock. Most homes need two to three locks done — $150–$360 for a full house, compared to $240–$600 or more to replace every deadbolt.
When lock replacement is the right call
There are clear situations where replacing the hardware is worth the extra cost.
The lock is damaged or worn
A deadbolt with a loose cylinder, a sticky bolt, or a keyway that's been forced or picked has compromised internal components. Rekeying a worn cylinder doesn't fix the mechanical problem. Replacement does.
The existing hardware is Grade 2 or Grade 3
ANSI/BHMA grades define deadbolt strength. Grade 1 is the residential benchmark for real security. Grade 2 is standard in builder-grade hardware. Grade 3 is essentially decorative. Many Fort Collins homes built between the 1970s and 1990s — particularly in Midtown and the older Harmony Corridor neighborhoods — were fitted with Grade 2 Kwikset or Schlage deadbolts. Upgrading to Grade 1 hardware such as the Schlage B60N or a Medeco high-security deadbolt means replacing, not rekeying.
You want a smart lock
Installing a smart lock — an August Wi-Fi Smart Lock, a Schlage Encode, or a Yale Assure — requires replacing the deadbolt entirely. Smart lock installation in Fort Collins generally runs $150–$250 in labor, plus the cost of the lock itself ($100–$350 depending on the model). Some smart locks are designed to retrofit existing deadbolts, but most quality models require either a compatible existing deadbolt or a full swap.
What about bait-and-switch locksmiths in Fort Collins?
National franchise operators who appear in Fort Collins search results frequently quote $35–$45 for a service call, then push unnecessary lock replacements once on site — when a simple rekey would do. The Colorado Division of Regulatory Agencies (DORA) handles complaints against unlicensed or deceptive contractors in the state.
Before you book anyone, get a quote before work starts. A legitimate local locksmith will give you a price over the phone or via a quote form — not after they've already dismantled your lock. For more on this, see our breakdown of Locksmith vs DIY lock change Fort Collins: which is cheaper and actually safer?
Fort Collins pricing: rekeying vs replacement side by side
Cost comparison — Fort Collins 2024 benchmarks
- Rekeying (per lock): $75–$120. Most homes: 2–3 locks.
- Deadbolt replacement — Grade 1 installed: $120–$200 per lock.
- Smart lock installation (labor only): $150–$250, plus hardware.
- After-hours surcharge: Add $25–$50 to any service.
- Commercial rekey (5+ locks): $85–$150 per lock with volume discount.
- Loveland / Windsor / Timnath: Expect slightly higher due to drive time.
CSU-area landlords turning over units every August will generally find rekeying at $75–$120 per lock the right financial call — provided the hardware is still functional. Replacing locks across a 4-unit building every year is a significant and avoidable expense.
Need a quote for your specific situation? Request service or get a free quote from a local Fort Collins locksmith — price given before any work starts.
Rekey when the lock is sound and key control is the issue — it's faster and costs roughly half as much. Replace when the hardware is damaged, Grade 2 or lower, or you're switching to a smart lock. In Fort Collins, rekeying runs $75–$120 per lock; deadbolt replacement runs $120–$200 installed. Most homeowners who just moved in, lost a key, or ended a tenancy need a rekey — not a full replacement.