The Denver rental market over the past 3-6 months is showing signs of cooling after a multi-year stretch of strong growth. Rents in many segments are flat or declining. Vacancy rates have increased, giving rents more negotiating power and prompting landlords to offer concessions. This is caused by recored number of developers building new apartments in Denver. This has caused vacancy rates to decline. Renters have more choices and are getting more concessions. The median rent for all property types in Denver is $1,945/mo.
Boulder
In the past 3-6 months, the rental market appears largely flat, with incremental growth. There has been a .3% monthly increase in rental. The rental market remains tight and competitive, though rents are not skyrocketing across the board. There are modest upward increases, especially for well-located, high-amenity units. Vacancy levels are somewhat elevated and new supply is putting slight downward pressure in certain segments. The current median rent in Boulder, CO is $2,441/month across all uit types.
Apartment listings
(Data sourced from Apartments.com)