Denver market rental trends report

Over the past 3-6 months, the Denver rental market has continued its transition toward a more balanced environment, following years of strong growth. A surge in new housing has caused the rental prices to soften and in many cases decrease. Vacancy rates in the Denver metro area have remained elevated compared with recent history, peaking near 7% earlier in the year. Reports show rent declines year-over-year in the range of 3.6% to 5% with some reports showing rents at their lowest levels since early 2022. Many apartments are offering concessions with up to 8 weeks of free rent. The median rent for all property types in Denver currently stands at $1,925/month.

Boulder

In the past 3-6 months, the rental market appears largely flat, with incremental growth. Rent growth has been constrained in part by new apartment deliveries and higher vacancy rates, creating more choice for renters and reducing upward pressure on rents that were previously at premium levels. Vacancy rates were in the mid 5% range, signaling more available units relative to demand.The median rent for all property types in Boulder currently stands at $2,280/month.

Apartment listings

Infinity LoHi

• Studio
• Sq Ft: 520
• Rent: $1,800

Jasper Towers

• 1 bedroom / 1 bath
• Sq Ft: 836
• Rent: $2,250

The Henry

• 2 bedroom / 2 bath 
• Sq Ft: 1,081
• Rent: $2,770

Velaris Living 

• 3 bedroom / 2 bath 
• Sq Ft: 1018
• Rent: $2,400

(Data sourced from Apartments.com)