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, between 6%- 9% earlier in the year, giving renters more negotiating power than in previous years. Many apartments are offering concessions with up to 8 weeks of free rent and reducing security deposity. Despite the shift, underlying demand remains strong. Population growth and a diverse employment base are contributing factors to this rental trend. Major employment drivers, including tech, healthcare and aerospace continue to attract young professionals and remote workers to the region.The median rent for all property types in Denver currently stands at $1,800/month.
Boulder
The rental market in Boulder remains one of the most competitive and supply-constrained in the region. This is driven by strong demand, limited new development and the city's strict growth policies. As of early 2026, rental rates have stabilized follwing rapid increases from the previous years. Demand is supported by a diverse renter base, including students and faculty from the University of Colorado Boulder, young professionals and remote workers drawn to Boulder's quality of life, outdoor activites and proximity to Denver. This consistent demand, combinded with limited inventory and zoning constrains, continues to put upward pressure on rents.The median rent for all property types in Boulder currently stands at $2,537/month.
Apartment listings
(Data sourced from Apartments.com)